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
560.1 M
ASSETS UNDER MGMT
35 bp
EXPENSES
Fund Basics
| Fund sponsor | SSGA Funds Management Inc |
| Category | US |
| Asset class | Equity |
| Website | link... |
| Inception date | Nov 08, 2005 |
| Assets (mns) | $560 |
| Expense ratio | 35 bp |
| Currency | USD |
Sector Breakdown
Fund Structure
| Regulation | Open-Ended Fund |
| Distributions | Quarterly |
| Taxation | 1099 |
| Stock selection | Market Cap |
| Weighting | Equal |
| Holdings Transparency | Full |
| Derivatives-based | No |
| Options available | Yes |
| Currency hedged | No |
| Fund of funds | No |
Top 10 Holdings
Complete list +
| GALAXY DIGITAL INC A | 2.0 % |
| INTERACTIVE BROKERS GRO-CL A | 1.9 % |
| AFFILIATED MANAGERS GROUP | 1.9 % |
| ROBINHOOD MARKETS, INC. CLASS A | 1.9 % |
| LPL FINANCIAL HOLDINGS INC | 1.9 % |
| CBOE HOLDINGS INC | 1.9 % |
| STIFEL FINANCIAL CORP | 1.8 % |
| STATE STREET CORP | 1.8 % |
| CME GROUP INC | 1.8 % |
| INVESCO LTD | 1.8 % |
Constituent Breakdown
| Number of holdings | 59 |
| Herfindahl-Hirschman Index | 159 |
| Wgt avg mkt cap (mns) | $37,987 |
| Large cap (>$10bn) | 53.8% |
| Mid cap ($2-10bn) | 28.1% |
| Small cap (<$2bn) | 7.7% |
| Developed mkts. | 91.0% |
| Emerging mkts. | 0.0% |
Country Exposure
 |
UNITED STATES | 89.8 % |
 |
BRITAIN | 1.7 % |
Historical Performance
Standardized Performance (as of 10/31/2025)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | 20 YR | Incep. | |
|---|---|---|---|---|---|---|---|---|
| Price Returns | 5.9% | 10.5% | 33.3% | 22.4% | 19.3% | 12.6% | -- | 5.1% |
| Dividend Yield | 0.8% | 1.3% | 2.2% | 2.2% | 2.3% | 2.5% | -- | 2.3% |
| Total Returns | 6.8% | 11.9% | 35.5% | 24.6% | 21.6% | 15.1% | -- | 7.4% | Ann. Volatility | 26.8% | 26.6% | 22.2% | 21.9% | 22.8% | 23.5% | -- | 29.2% |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 1.28 | 58% |
| MSCI EAFE | 0.81 | 30% |
| MSCI Emg Mkts | 0.63 | 21% |
Liquidity Measures
| Avg. volume (000) | 42 |
| ADV traded (mns) | $6 |
| Turnover | 1.1% |
| Avg. Bid/Ask (% of price) | 0.20% |
Technical Indicators
| Recent close | $145.49 |
| 30d moving avg. | $149.05 |
| Annualized volatility | 21.8% |
| Relative strength (RSI) | 45 |
| Short interest | 1.0% |
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. |
Expenses vs. |
ALTAR Score™ vs. |
|---|---|---|---|---|
| IAI | iShares U.S. Broker-Dealers & Securities Exchanges ETF | 36.5% | +5 bp | +4.3% |
| RSPF | Invesco S&P 500 Equal Weight Financials ETF | 33.3% | +5 bp | +6.8% |
| IYF | iShares U.S. Financials ETF | 27.3% | +5 bp | +6.0% |
| PFI | Invesco Dorsey Wright Financial Momentum ETF | 26.9% | +25 bp | +5.1% |
| IYG | iShares US Financial Services ETF | 26.1% | +5 bp | +5.5% |
| FXO | First Trust Financials AlphaDEX Fund | 24.9% | +27 bp | +8.3% |
| FNCL | Fidelity MSCI Financials Index ETF | 23.7% | -27 bp | +6.7% |
| VFH | Vanguard Financials ETF | 22.9% | -26 bp | +6.7% |
| XLF | The Financial Select Sector SPDR Fund | 22.1% | -27 bp | +5.9% |
| IXG | iShares Global Financials ETF | 14.1% | +7 bp | +6.6% |
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
| 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | ||
|---|---|---|---|---|---|---|---|---|
| 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 | 2024 | 2025 | 2026 | |
| 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 11/14/2025
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
OVERWEIGHT
Above average appreciation potential. A rating of OVERWEIGHT is assigned to ETFs with ALTAR Scores in the 4th quintile (ranking higher than 60%-80%) of their category. Typically, funds in this category consist of stocks trading at attractive valuations and/or having above-average fundamentals.
ALTAR Score™
KCE
6.4%
Cat. Avg
5.7%
ALTAR Score™ Calculation
Category Overview
There are 997 funds in the US Equity category, with an average ALTAR Score™
of 5.7% and a standard deviation of
2.3%. KCE's ALTAR Score™ is approximately
0.3 standard deviations
above
the category average. This places KCE in the 62nd percentile among funds in the category.
Sell Side Consensus Rating
Sell-side recommendations on the ETF's individual constituents
KCESELL
U/W
HOLD
O/W
BUY