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
$ 510.9 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 +
| SHARPLINK INC | 1.8 % |
| COINBASE GLOBAL, INC. CLASS A | 1.8 % |
| WEALTHFRONT CORP | 1.7 % |
| AFFILIATED MANAGERS GROUP | 1.7 % |
| ROBINHOOD MARKETS, INC. CLASS A | 1.7 % |
| OM ASSET MANAGEMENT PLC | 1.6 % |
| FEDERATED INVESTORS INC-CL B | 1.6 % |
| WISDOMTREE INVESTMENTS INC | 1.6 % |
| BLACKROCK INC | 1.6 % |
| MARKETAXESS HOLDINGS INC | 1.6 % |
Constituent Breakdown
| Number of holdings | 63 |
| Herfindahl-Hirschman Index | 158 |
| Wgt avg mkt cap (mns) | $34,163 |
| Large cap (>$10bn) | 48.9% |
| Mid cap ($2-10bn) | 34.9% |
| Small cap (<$2bn) | 8.3% |
| Developed mkts. | 93.7% |
| Emerging mkts. | 0.0% |
Sector Breakdown
Country Exposure
 |
UNITED STATES | 93.0 % |
Historical Performance
Standardized Performance (as of 09/30/2026)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | 20 YR | Incep. | |
|---|---|---|---|---|---|---|---|---|
| Price Returns | 2.8% | 0.8% | 11.1% | 21.1% | 10.1% | 14.3% | 4.7% | 5.2% |
| Dividend Yield | 1.4% | 1.8% | 1.9% | 2.2% | 2.2% | 2.5% | 2.2% | 2.3% |
| Total Returns | 4.2% | 2.7% | 13.0% | 23.4% | 12.3% | 16.8% | 6.8% | 7.5% | Ann. Volatility | 21.6% | 21.0% | 23.7% | 21.8% | 23.2% | 22.9% | 29.2% | 28.8% |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 1.08 | 44% |
| MSCI EAFE | 0.69 | 27% |
| MSCI Emg Mkts | 0.33 | 16% |
Liquidity Measures
| Avg. volume (000) | 49 |
| ADV traded (mns) | $8 |
| Turnover | 1.5% |
| Avg. Bid/Ask (% of price) | 0.20% |
Technical Indicators
| 30d moving avg. (EMA) | $160.88 |
| Relative strength (RSI) | 62 |
| MACD/Signal | 3.17/2.72 |
| Bollinger Bands (Upper/Lower) | $169.95/$154.02 |
| Short interest (% of AUM) | 0.6% |
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 |
|---|---|---|---|---|
| IAI | iShares U.S. Broker-Dealers & Securities Exchanges ETF | 32.3% | +5 bp | -0.6% |
| RSPF | Invesco S&P 500 Equal Weight Financials ETF | 31.3% | +5 bp | +1.8% |
| IYF | iShares U.S. Financials ETF | 25.8% | +5 bp | +1.4% |
| IYG | iShares US Financial Services ETF | 24.3% | +5 bp | +0.6% |
| FXO | First Trust Financials AlphaDEX Fund | 21.4% | +27 bp | +3.7% |
| VFH | Vanguard Financials ETF | 21.4% | -26 bp | +1.7% |
| FNCL | Fidelity MSCI Financials Index ETF | 21.2% | -27 bp | +1.6% |
| XLF | Financial Select Sector SPDR | 20.9% | -27 bp | +1.3% |
| PFI | Invesco Dorsey Wright Financial Momentum ETF | 19.3% | +25 bp | +0.1% |
| KBWR | Invesco KBW Regional Banking ETF | 18.9% | 0 bp | 0.0% |
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 10/9/2026
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
5.5%
ALTAR SCORE™
50th
PERCENTILE
NEUTRAL
ETFRC RATING
There are 1,393 funds in the US Equity category with an average
ALTAR Score™ of 5.5% and a standard deviation
of 2.2%. KCE's ALTAR Score™ is approximately 0.0 standard
deviations above the category average. This places KCE in the 50th percentile
among funds in the category.
Sell-Side Consensus
$196.2
PRICE TARGET
+27.7%
UPSIDE