KBE — State Street SPDR S&P Bank ETF

KBE Price Performance — Growth of $10,000

Value of a $10,000 investment in KBE over time, compared with SPY. Both lines are rebased to $10,000 on the first shared date. Based on total returns — prices are adjusted for dividends and splits, so this assumes distributions were reinvested. Hover or tap the chart for exact values.

KBE Drawdown

The "underwater" chart: KBE's decline from its highest prior value at each point in time. It shows how deep past losses ran and how long the fund took to recover to break-even.

Overview

The State Street SPDR S&P Bank ETF is a Financial category fund issued by State Street Investment Management with $1.62 billion in assets. It holds an overall rank of #367 of 458 tracked ETFs and sits at the bottom of its peer group, ranking 9 of 9. The fund carries an ETFValuer grade of C with a score of 51.7/100 and an expense ratio of 0.35%, which matches the category median. Its dividend yield of 2.16% exceeds the category median of 1.65%, while its top 10 holdings represent only 10.5% of assets, with Rocket Cos Inc as the largest single position at 1.2%.

The fund has delivered a 1-year return of +15.22%, outperforming the category median of +11.21%. Short-term momentum shows a divergence, with a 1-month decline of -1.15% contrasting against a 3-month gain of +8.72% and a 6-month increase of +17.75%. Year-to-date performance stands at +14.63%, and the price of $69.34 sits at 85.1% of its 52-week range. The ETFValuer grade has remained unchanged at C over the last 35 tracked days, and price history is available for 3.0 years.

With a beta of 1.01, the fund moves in line with the broader market, while its annualized volatility of 20.58% is labeled as Moderate. The Sharpe ratio of 0.50 suggests modest risk-adjusted returns relative to the risk taken. A maximum drawdown of -25.98% indicates significant historical peak-to-trough declines. Liquidity is supported by an average daily volume of 1,543,858 shares, though the bid/ask spread of 1.80% reflects wider trading costs.

AI-generated summary based on the data on this page.

KBE Top Holdings

Holdings as of 2026-06-30 per the fund's most recent SEC N-PORT-P filing. Top 10 holdings make up 10.5% of net assets — a rough gauge of concentration risk (the higher this figure, the more the fund's return depends on a handful of names). To see how KBE's holdings overlap with other ETFs you own or are considering, check the Stock Overlap tool.

Which Funds Overlap With KBE

Holding two funds that own the same companies adds cost and complexity without adding much diversification. These tracked ETFs share the most names with KBE's top 10 — KRE overlaps most, holding 1 of the same companies as KBE's top 10 (1.0% of KBE's assets).

Compares the top 10 reported holdings of each fund, so it's a floor on true overlap — two S&P 500 trackers overlap ~100% even when only 10 names are listed. Use the Stock Overlap tool to search by individual company.

Market Backdrop

10-Year Treasury Yield: 4.77% (as of 2026-09-03) — The yield on 10-year US Treasury bonds — the standard "risk-free rate" benchmark used to contextualize this fund’s Sharpe ratio and returns.

CBOE Volatility Index (VIX): 14.32 (as of 2026-09-03) — A real-time gauge of expected S&P 500 volatility over the next 30 days — useful context for this fund’s own volatility label.

Federal Funds Rate: 3.63% (as of 2026-08-01) — The Federal Reserve’s target policy rate, which anchors short-term borrowing costs across the economy.

KBE Liquidity, Domicile & Tax Treatment

Liquidity: Quoted bid/ask spread is 1.80% and average daily volume is 1.5M/day. Tighter spreads and higher volume mean lower round-trip trading costs; this is a live-market snapshot and can widen during volatile sessions. AUM of $1.62B provides ample scale, supporting tight spreads and issuer commitment to keep the fund open.

Domicile & tax treatment: KBE is a US-domiciled, SEC-registered ('40 Act) exchange-traded fund. Dividends and capital gains distributions are reported to US investors on Form 1099-DIV, and the fund is not subject to the PFIC reporting or UCITS-specific rules that apply to Irish- or Luxembourg-domiciled funds. Non-US investors should note that US-domiciled ETFs are generally subject to 30% US withholding tax on dividends (unless reduced by treaty) and to US estate tax exposure on the position — Irish-domiciled UCITS ETFs tracking the same index often avoid both, which is why non-US residents frequently prefer the UCITS equivalent where one exists. This is general information, not tax advice — consult a tax professional for your situation.

KBE Performance History

How KBE Compares to Other Financial ETFs