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
$ 464.6 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 +
| ROBINHOOD MARKETS, INC. CLASS A | 2.0 % |
| DONNELLEY FINANCIAL SOLUTIONS, INC. | 1.8 % |
| VIRTU FINANCIAL, INC. CLASS A | 1.8 % |
| SCHWAB (CHARLES) CORP | 1.8 % |
| WISDOMTREE INVESTMENTS INC | 1.8 % |
| VIRTUS INVESTMENT PARTNERS | 1.7 % |
| AMERIPRISE FINANCIAL INC | 1.7 % |
| RAYMOND JAMES FINANCIAL INC | 1.7 % |
| STATE STREET CORP | 1.7 % |
| T ROWE PRICE GROUP INC | 1.7 % |
Constituent Breakdown
| Number of holdings | 61 |
| Herfindahl-Hirschman Index | 157 |
| Wgt avg mkt cap (mns) | $36,514 |
| Large cap (>$10bn) | 50.1% |
| Mid cap ($2-10bn) | 33.9% |
| Small cap (<$2bn) | 8.5% |
| Developed mkts. | 94.2% |
| Emerging mkts. | 0.0% |
Sector Breakdown
Country Exposure
 |
UNITED STATES | 94.2 % |
Historical Performance
Standardized Performance (as of 06/30/2026)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | 20 YR | Incep. | |
|---|---|---|---|---|---|---|---|---|
| Price Returns | -1.8% | 1.6% | 15.5% | 20.2% | 9.4% | 15.1% | 4.9% | 5.0% |
| Dividend Yield | 1.0% | 1.9% | 2.1% | 2.2% | 2.2% | 2.5% | 2.1% | 2.3% |
| Total Returns | -0.8% | 3.4% | 17.6% | 22.4% | 11.6% | 17.6% | 7.1% | 7.3% | Ann. Volatility | 22.2% | 20.1% | 23.7% | 21.4% | 23.1% | 22.9% | 29.2% | 28.9% |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 1.08 | 45% |
| MSCI EAFE | 0.68 | 27% |
| MSCI Emg Mkts | 0.35 | 16% |
Liquidity Measures
| Avg. volume (000) | 17 |
| ADV traded (mns) | $3 |
| Turnover | 0.6% |
| Avg. Bid/Ask (% of price) | 0.22% |
Technical Indicators
| 30d moving avg. (EMA) | $152.07 |
| Relative strength (RSI) | 56 |
| MACD/Signal | 1.13/0.55 |
| Bollinger Bands (Upper/Lower) | $159.83/$145.42 |
| 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 |
|---|---|---|---|---|
| IAI | iShares U.S. Broker-Dealers & Securities Exchanges ETF | 33.2% | +5 bp | -1.9% |
| RSPF | Invesco S&P 500 Equal Weight Financials ETF | 32.4% | +5 bp | +0.9% |
| IYF | iShares U.S. Financials ETF | 25.9% | +5 bp | +0.1% |
| IYG | iShares US Financial Services ETF | 24.6% | +5 bp | -0.6% |
| FNCL | Fidelity MSCI Financials Index ETF | 21.7% | -27 bp | +1.0% |
| VFH | Vanguard Financials ETF | 21.5% | -26 bp | +0.5% |
| XLF | Financial Select Sector SPDR | 21.2% | -27 bp | +0.0% |
| FXO | First Trust Financials AlphaDEX Fund | 20.9% | +27 bp | +2.9% |
| NYNY | Corgi NYC Based ETF | 20.7% | -15 bp | -0.1% |
| PFI | Invesco Dorsey Wright Financial Momentum ETF | 19.9% | +25 bp | -0.8% |
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 7/16/2026
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
6.1%
ALTAR SCORE™
64th
PERCENTILE
OVERWEIGHT
ETFRC RATING
There are 1,399 funds in the US Equity category with an average
ALTAR Score™ of 5.4% and a standard deviation
of 2.1%. KCE's ALTAR Score™ is approximately 0.4 standard
deviations above the category average. This places KCE in the 64th percentile
among funds in the category.
Sell-Side Consensus
$188.16
PRICE TARGET
+16.4%
UPSIDE