What is the expense ratio for both KBE and KBWB?

Both the SPDR S&P Bank ETF (KBE) and the Invesco KBW Bank ETF (KBWB) have a 0.35% expense ratio. This is an annual fee charged by the fund provider to cover operating costs. For investors, an expense ratio directly reduces the overall return on investment. For example, on a £1,000 investment, an annual fee of £3.50 will be deducted, impacting long-term growth.

Which fund has a higher dividend yield?

As of the latest data, the SPDR S&P Bank ETF (KBE) has a dividend yield of 2.23%, compared to the Invesco KBW Bank ETF (KBWB), which offers a slightly lower yield of 2.02%. Dividend yield is an important factor for investors seeking regular income, although it is one of many metrics to consider when comparing ETFs.

What are the net assets of each fund?

The Invesco KBW Bank ETF (KBWB) has net assets of $6.5 billion, making it significantly larger than the SPDR S&P Bank ETF (KBE), which holds $1.6 billion in net assets. Larger funds generally offer higher liquidity, which can result in tighter bid-ask spreads and make trading more cost-effective.

When were KBE and KBWB launched?

The SPDR S&P Bank ETF (KBE) was launched on November 8, 2005, while the Invesco KBW Bank ETF (KBWB) started on November 1, 2011. The longer history of KBE provides more extensive historical performance data, which can be beneficial for those analysing the fund's track record over time.

Which fund has the most diversified top holdings?

The SPDR S&P Bank ETF (KBE) is more diversified in its top holdings, where no single holding exceeds 1.00% of the fund. In contrast, the Invesco KBW Bank ETF (KBWB) has top holdings ranging from 4.02% to 8.80%, indicating a more concentrated exposure.

Which fund has the most diversified top holdings?

The SPDR S&P Bank ETF (KBE) is the more diversified fund among its top ten holdings, as all its positions are under 1% weight. On the other hand, the Invesco KBW Bank ETF (KBWB) is more concentrated, with top holdings like JPM and BAC accounting for around 8.50-8.80% of the fund.

What are the top holdings of KBWB?

The top holdings for the Invesco KBW Bank ETF (KBWB) include JPM at 8.80%, BAC at 8.50%, WFC at 8.45%, MS at 7.38%, and GS at 7.00%. These represent significant exposure to megabanks and financial giants, making the fund more concentrated in its holdings.

What are the top holdings of KBE?

The top holdings for the SPDR S&P Bank ETF (KBE) are EQH at 0.98%, CRBG at 0.97%, TRMK at 0.97%, CVBF at 0.97%, and SYBT at 0.96%. The fund’s even weighting strategy suggests a more diversified approach to the banking sector.

What are the sector weightings for KBE and KBWB?

The sector weightings for both the SPDR S&P Bank ETF (KBE) and the Invesco KBW Bank ETF (KBWB) are currently not available. These details are typically used to analyse how funds are allocated across different sectors within the broader market.

Are the top holdings of KBE and KBWB the same?

No, the top 10 holdings of the SPDR S&P Bank ETF (KBE) and the Invesco KBW Bank ETF (KBWB) are entirely different. This indicates that despite both targeting the banking sector, their portfolio constructions and stock selection criteria differ significantly.

What are the differences in the index tracking of KBE and KBWB?

The specific indexes tracked by the SPDR S&P Bank ETF (KBE) and the Invesco KBW Bank ETF (KBWB) are not available in the provided data. Index tracking can provide insight into a fund's methodology, such as whether it focuses on market capitalisation or equal weighting.

Why is the equal weighting strategy of KBE important?

The equal weighting strategy of the SPDR S&P Bank ETF (KBE) is designed to reduce concentration risk by ensuring no single stock dominates the portfolio. This approach can provide more balanced exposure to smaller and mid-sized banks compared to cap-weighted funds like KBWB.

KBE vs KBWB

Two funds, one decision: we compare cost, performance and what each ETF actually holds in September 2026.

Compare SPDR S&P Bank ETF and Invesco KBW Bank ETF. This page examines fees, holdings, dividends and how each fund tracks its market, noting both have a 0.35% expense ratio while index tracking details are not available. Educational content, not financial advice.

Fund Snapshot

Key Fund Metrics

KBE

Metric

KBWB

0.35%

Expense Ratio

0.35%

2.23%

Dividend Yield

2.02%

$1.56B

Net Assets

$6.54B

109

Holdings

Nov 8, 2005

Inception Date

Nov 1, 2011

–

Index Tracked

–

Financial

Fund Category

Financial

Both funds charge the same annual fee.

Shared Top Holdings

These funds do not share any of their top holdings.

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KBE vs XLF

Compare KBE and XLF ETFs. Review expense ratios of 0.35% and 0.08%, yields of 2.23% and 1.49%, and holdings. Educational data, not financial advice.

KBE vs KRE

Compare KBE and KRE ETFs on identical 0.35% fees, 2.23% yields, distinct holdings, and asset sizes to understand their banking sector focus.

Investment Analysis

KBE

Pros

The fund is more diversified, with all top-10 holdings weighted below 1%.
The fund has a slightly higher dividend yield of 2.23%.
The fund is older, with an inception date in November 2005.

Considerations

The fund is smaller, with $1.6 billion in net assets.
The tracked index is not available, limiting transparency on methodology.
Equal-weighting may increase trading costs compared with cap-weighted funds.

KBWB

Pros

The fund is larger, with $6.5 billion in net assets.
The fund holds significant cap-weighted megabank exposure in JPM, BAC, and WFC.
Capitalisation weighting typically lowers trading costs and turnover.

Considerations

The fund is less diversified, with top holdings ranging from 4.02% to 8.80%.
The fund has a slightly lower dividend yield of 2.02%.
The tracked index is not available, limiting transparency on methodology.

About KBE and KBWB

KBE (KBE)

The SPDR S&P Bank ETF (KBE) offers investors exposure to the US banking sector by tracking an index designed to measure the performance of banks. With 109 holdings, it provides diversified access to various banking institutions, ranging from regional lenders to larger national entities. As of recent data, the fund has net assets of USD 1.56 billion, an expense ratio of 0.35%, and a dividend yield of 2.23%, having been established on 8 November 2005. The banking sector is sensitive to interest rate changes, regulatory shifts, and economic cycles, meaning values can rise or fall and returns are not guaranteed. This ETF is generally suited for investors seeking sector-specific exposure as part of a broader, well-diversified portfolio. Please note that this information is educational and does not constitute personalised financial advice; always consider your own circumstances and risk tolerance before investing.

KBWB (KBWB)

The Invesco KBW Bank ETF offers investors a way to gain exposure to the US banking sector. By tracking a selection of major banking stocks listed in the United States, this fund provides access to companies that play central roles in lending, deposits, and financial services. With net assets of approximately USD 6.54 billion and a portfolio of 29 holdings, it is designed for those seeking focused sector exposure rather than broader market diversification. The fund carries an expense ratio of 0.35% and currently has a dividend yield of around 2.02%, although dividends are not guaranteed. As with any equity investment, values can fluctuate based on economic conditions, interest rates, and regulatory changes. It is a tool for educational and general investment purposes, helping investors understand how the financial sector performs within a broader portfolio context.

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KBE vs KBWB

Fund Snapshot

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Investment Analysis

KBE

Pros

Considerations

KBWB

Pros

Considerations

About KBE and KBWB

Buy KBE or KBWB in Nemo

Zero Commission

Trusted & Regulated

6% Interest on Cash

Frequently asked questions

What is the expense ratio for both KBE and KBWB?

Which fund has a higher dividend yield?

What are the net assets of each fund?

When were KBE and KBWB launched?

Which fund has the most diversified top holdings?

Which fund has the most diversified top holdings?

What are the top holdings of KBWB?

What are the top holdings of KBE?

What are the sector weightings for KBE and KBWB?

Are the top holdings of KBE and KBWB the same?

What are the differences in the index tracking of KBE and KBWB?

Why is the equal weighting strategy of KBE important?

Fund Snapshot

About KBE and KBWB

Discover More Comparisons

KBE vs XLF

KBE vs KRE