KBE
State Street SPDR S&P Bank ETF
The KBW Bank ETF, before expenses, seeks to closely match the returns and characteristics of the KBW Bank Index. The index is a float adjusted modified-market capitalization weighted index of geographically diverse companies representing national money center banks and regional banking institutions listed on U.S. stock markets.
US
EQUITY
Rules-Based
MANAGEMENT STYLE
$ 1.2 B
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 +
| META FINANCIAL GROUP INC | 1.2 % |
| WSFS FINANCIAL CORP | 1.2 % |
| POPULAR INC | 1.2 % |
| BERKSHIRE HILLS BANCORP INC | 1.2 % |
| WEBSTER FINANCIAL CORP | 1.2 % |
| BANK OF HAWAII CORP | 1.2 % |
| BOK FINANCIAL CORPORATION | 1.2 % |
| CULLEN/FROST BANKERS INC | 1.1 % |
| JACKSON FINANCIAL INCORPORATION CLASS A | 1.1 % |
| UNITED BANKSHARES INC | 1.1 % |
Constituent Breakdown
| Number of holdings | 98 |
| Herfindahl-Hirschman Index | 102 |
| Wgt avg mkt cap (mns) | $28,128 |
| Large cap (>$10bn) | 22.6% |
| Mid cap ($2-10bn) | 68.5% |
| Small cap (<$2bn) | 6.7% |
| Developed mkts. | 97.8% |
| Emerging mkts. | 0.0% |
Sector Breakdown
Country Exposure
 |
UNITED STATES | 93.6 % |
 |
PUERTO RICO | 3.0 % |
 |
BERMUDA | 1.0 % |
Historical Performance
Standardized Performance (as of 02/28/2026)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | 20 YR | Incep. | |
|---|---|---|---|---|---|---|---|---|
| Price Returns | 0.6% | 6.5% | 17.2% | 8.2% | 4.2% | 8.0% | 0.7% | 0.9% |
| Dividend Yield | 0.0% | 2.9% | 3.2% | 3.1% | 2.9% | 2.7% | 2.5% | 2.4% |
| Total Returns | 0.6% | 9.4% | 20.4% | 11.3% | 7.1% | 10.6% | 3.1% | 3.3% | Ann. Volatility | 27.2% | 26.8% | 26.3% | 28.6% | 27.6% | 29.9% | 34.8% | 34.6% |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 1.00 | 52% |
| MSCI EAFE | 0.93 | 33% |
| MSCI Emg Mkts | 0.72 | 24% |
Liquidity Measures
| Avg. volume (000) | 2,659 |
| ADV traded (mns) | $154 |
| Turnover | 12.7% |
| Avg. Bid/Ask (% of price) | 0.02% |
Technical Indicators
| 30d moving avg. (EMA) | $61.86 |
| Relative strength (RSI) | 39 |
| MACD/Signal | -1.54/-1.01 |
| Bollinger Bands (Upper/Lower) | $67.05/$56.92 |
| Short interest (% of AUM) | 14.1% |
Distributions
Assets Under Management (mns)
Money Flows (mns)
Short Interest (as % of shares outstanding)
Long Money Flows (mns)
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. KBE |
Expenses vs. KBE |
ALTAR Score™ vs. KBE |
|---|---|---|---|---|
| KRE | State Street SPDR S&P Regional Banking ETF | 60.2% | 0 bp | -0.3% |
| KBWR | Invesco KBW Regional Banking ETF | 45.7% | 0 bp | -1.5% |
| FTXO | First Trust Nasdaq Bank ETF | 37.3% | +25 bp | -1.0% |
| QABA | First Trust NASDAQ ABA Community Bank Index Fund | 31.5% | +25 bp | -1.1% |
| PSCF | Invesco S&P SmallCap Financials ETF | 30.5% | -6 bp | -0.3% |
| IAT | iShares U.S. Regional Banks ETF | 29.1% | +5 bp | -0.4% |
| FXO | First Trust Financials AlphaDEX Fund | 25.0% | +27 bp | -0.1% |
| XMVM | Invesco S&P MidCap Value with Momentum ETF | 22.0% | +4 bp | -1.5% |
| KBWB | Invesco KBW Bank ETF | 19.6% | 0 bp | -1.8% |
| XSVM | Invesco S&P SmallCap Value with Momentum ETF | 17.2% | +1 bp | -0.7% |
Risk and Returns: KBE 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 3/15/2026
Peer Group Comparison Sample data. Subscribe for access.
Price-to-Earnings
Price-to-Sales
Price-to-Book Value
Price-to-Cash Flow
Price-to-Growth
Dividend Yield
Historical Valuation Trends Sample data. Subscribe for access.
SHOWING:
Price-to-Earnings
Price-to-Earnings
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
10.2%
ALTAR SCORE™
98th
PERCENTILE
SPECULATIVE
ETFRC RATING
There are 1,190 funds in the US Equity category with an average
ALTAR Score™ of 5.7% and a standard deviation
of 2.1%. KBE's ALTAR Score™ is approximately 2.2 standard
deviations above the category average. This places KBE in the 98th percentile
among funds in the category.
Sell-Side Consensus
$73.34
PRICE TARGET
+26.8%
UPSIDE