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 managed by State Street Investment Management with $1.47 billion in assets. It holds a C grade (63.2/100) and ranks 6 of 9 within its category, placing it at #206 of 458 tracked ETFs overall. The fund charges an expense ratio of 0.35%, which matches the category median, while offering a dividend yield of 2.23% that exceeds the peer average of 1.73%. Its top ten holdings represent only 10.5% of assets, with the largest position being Rocket Cos Inc at 1.2%.

The ETF’s price of $65.87 sits at 64.6% of its 52-week range, reflecting a 1-year return of +18.21% that significantly outpaces the category median of +8.65%. Short-term momentum shows a divergence, with a 1-week gain of +3.54% contrasting against a 3-month decline of -4.30%. The fund has maintained its C grade unchanged across the last 35 tracked days, despite having only 3.0 years of price history available. Longer-term performance remains strong, with a 3-year return of +102.65% and a year-to-date gain of +9.51%.

With a beta of 1.03, the fund moves slightly more than the market, accompanied by a moderate annualized volatility of 19.31%. A Sharpe ratio of 0.68 indicates the risk-adjusted returns generated relative to the volatility experienced. The maximum drawdown of -25.98% highlights the depth of recent losses, while average daily volume of 1,539,060 shares suggests adequate liquidity for trading.

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: 4.96% (as of 2026-10-22) — 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): 19.03 (as of 2026-10-22) — 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: 3.75% (as of 2026-09-01) — The Federal Reserve’s target policy rate, which anchors short-term borrowing costs across the economy.

KBE Liquidity, Domicile & Tax Treatment

Liquidity: Average daily volume is 1.5M/day. Higher volume and a larger fund generally mean lower round-trip trading costs. AUM of $1.47B 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