KCE
State Street SPDR S&P Capital Markets ETF
KBW Capital Markets ETF is an exchange-traded fund incorporated in the USA. The Fund's objective is to replicate the performance of the KBW Capital Markets Index.
US
EQUITY
Passive
MANAGEMENT STYLE
$ 439.7 M
ASSETS UNDER MGMT
35 bp
EXPENSES
Fund Basics
| Inception date | Nov 08, 2005 |
| Regulation | Open-Ended Fund |
| Fund Website | link... |
| Distributions | Quarterly |
| Currency | USD |
| Holdings Transparency | Full |
| Derivatives-based | No |
| Options available | Yes |
| Currency hedged | No |
| Fund of funds | No |
Top 10 Holdings
Complete list +
| STONEX GROUP INC | 2.3 % |
| OM ASSET MANAGEMENT PLC | 2.1 % |
| GALAXY DIGITAL INC-A | 2.0 % |
| JEFFERIES FINANCIAL GROUP INC. | 2.0 % |
| MORGAN STANLEY | 1.9 % |
| INTERACTIVE BROKERS GRO-CL A | 1.9 % |
| VICTORY CAPITAL HOLDING - A | 1.8 % |
| FRANKLIN RESOURCES INC | 1.8 % |
| GOLDMAN SACHS GROUP INC | 1.8 % |
| ARES MANAGEMENT LP | 1.8 % |
Constituent Breakdown
| Number of holdings | 61 |
| Herfindahl-Hirschman Index | 161 |
| Wgt avg mkt cap (mns) | $36,450 |
| Large cap (>$10bn) | 49.0% |
| Mid cap ($2-10bn) | 31.3% |
| Small cap (<$2bn) | 8.2% |
| Developed mkts. | 95.2% |
| Emerging mkts. | 0.0% |
Sector Breakdown
Country Exposure
 |
UNITED STATES | 93.7 % |
 |
BRITAIN | 1.5 % |
Historical Performance
Standardized Performance (as of 05/31/2026)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | 20 YR | Incep. | |
|---|---|---|---|---|---|---|---|---|
| Price Returns | 1.3% | 12.5% | 16.9% | 24.3% | 10.4% | 13.9% | 5.0% | 5.2% |
| Dividend Yield | 0.5% | 2.0% | 2.1% | 2.3% | 2.2% | 2.5% | 2.1% | 2.3% |
| Total Returns | 1.9% | 14.5% | 19.0% | 26.7% | 12.6% | 16.4% | 7.2% | 7.5% | Ann. Volatility | 22.2% | 19.6% | 23.4% | 21.3% | 23.0% | 23.1% | 29.2% | 29.0% |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 1.20 | 52% |
| MSCI EAFE | 0.70 | 29% |
| MSCI Emg Mkts | 0.47 | 22% |
Liquidity Measures
| Avg. volume (000) | 14 |
| ADV traded (mns) | $2 |
| Turnover | 0.5% |
| Avg. Bid/Ask (% of price) | 0.23% |
Technical Indicators
| 30d moving avg. (EMA) | $150.63 |
| Relative strength (RSI) | 54 |
| MACD/Signal | 0.84/1.24 |
| Bollinger Bands (Upper/Lower) | $154.21/$149.88 |
| Short interest (% of AUM) | 0.1% |
Distributions
Top Ten Comparable ETFs only shown here. For an extended list become an Individual or Professional subscriber. Start your FREE trial
Comparable ETFs Based on Overlap
| Ticker | Fund Name | Overlap vs. KCE |
Expenses vs. KCE |
ALTAR Score™ vs. KCE |
|---|---|---|---|---|
| RSPF | Invesco S&P 500 Equal Weight Financials ETF | 33.1% | +5 bp | +1.0% |
| IAI | iShares U.S. Broker-Dealers & Securities Exchanges ETF | 32.8% | +5 bp | -2.0% |
| PFI | Invesco Dorsey Wright Financial Momentum ETF | 27.7% | +25 bp | -0.7% |
| IYF | iShares U.S. Financials ETF | 26.3% | +5 bp | +0.2% |
| IYG | iShares US Financial Services ETF | 25.2% | +5 bp | -0.5% |
| VFH | Vanguard Financials ETF | 22.3% | -26 bp | +0.6% |
| FNCL | Fidelity MSCI Financials Index ETF | 22.0% | -27 bp | +0.6% |
| XLF | Financial Select Sector SPDR | 21.7% | -27 bp | +0.2% |
| NYNY | Corgi NYC Based ETF | 21.3% | -15 bp | -0.2% |
| FXO | First Trust Financials AlphaDEX Fund | 18.1% | +27 bp | +3.4% |
Risk and Returns: KCE vs. Comps (1 YR)
Notes: Top 10 overlapping ETFs. Funds with insufficient history not shown. Some funds may overlap. Hover over data point for ticker symbol.
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Results & Estimates (USD)
| 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | ||
|---|---|---|---|---|---|---|---|---|---|
| Sales per share | -- | -- | -- | -- | -- | -- | -- | ||
| change (%) | -- | -- | -- | -- | -- | -- | -- | ||
| Earnings per share | -- | -- | -- | -- | -- | -- | -- | ||
| change (%) | -- | -- | -- | -- | -- | -- | -- | ||
| Dividends per share | -- | -- | -- | -- | -- | -- | -- | ||
| change (%) | -- | -- | -- | -- | -- | -- | -- | ||
| Book value per share | -- | -- | -- | -- | -- | -- | -- | ||
| change (%) | -- | -- | -- | -- | -- | -- | -- |
Return on Equity
Net Margins
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Valuation Metrics
| Fwd Est | 2025 | 2026 | 2027 | |
| Price-to-sales | --x | --x | --x | --x |
| Price-to-earnings | --x | --x | --x | --x |
| Price-to-cash flow | --x | --x | --x | --x |
| Price-to-growth | --x | --x | --x | --x |
| Price-to-book value | --x | --x | --x | --x |
| Yield | --% | --% | --x | --% |
Based on closing prices from 6/3/2026
Peer Group Comparison
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Historical Valuation Trends Sample data. Subscribe for access.
Notes: Based on adjusted historical results for current fund constituents. May differ from results achieved by past fund constituents. Max P/E of 100x.
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ETF Research Center Rating
6.5%
ALTAR SCORE™
72nd
PERCENTILE
OVERWEIGHT
ETFRC RATING
There are 1,399 funds in the US Equity category with an average
ALTAR Score™ of 5.3% and a standard deviation
of 2.1%. KCE's ALTAR Score™ is approximately 0.6 standard
deviations above the category average. This places KCE in the 72nd percentile
among funds in the category.
Sell-Side Consensus
$189.12
PRICE TARGET
+25.8%
UPSIDE