KBWB — Invesco KBW Bank ETF

KBWB Price Performance — Growth of $10,000

Value of a $10,000 investment in KBWB 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.

KBWB Drawdown

The "underwater" chart: KBWB'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 Invesco KBW Bank ETF (KBWB) is a Financial sector fund issued by Invesco that tracks 9 ETFs within its specific category. With assets under management totaling $6.51 billion and a current price of $96.62, the fund demonstrates significant investor adoption relative to its peers. It holds an overall rank of #89 out of 458 tracked ETFs across all categories, earning an ETFValuer grade of B with a score of 71.8 out of 100. The fund charges an expense ratio of 0.35% while offering a dividend yield of 2.00% to income-seeking investors. This combination of substantial assets and a mid-tier ranking suggests a well-established vehicle within the broader market landscape. The fund's cost structure and yield profile position it as a standard option for exposure to the banking industry among the 9 available choices in its category.

Short-term performance shows mixed results with a 1-day gain of +0.45% followed by a 1-week decline of -0.31%. Momentum accelerated over the medium term, posting a 1-month return of +3.08% and a 3-month return of +11.67%. Year-to-date performance stands at +13.97%, while the 6-month return reached +13.27%, indicating sustained upward movement. The 1-year return of +32.22% reflects strong recent performance compared to the shorter horizons. Long-term data reveals exceptional growth, with a 3-year return of +128.76% highlighting a significant divergence between short-term fluctuations and long-term gains. This pattern suggests a trend where recent volatility has been overshadowed by substantial multi-year appreciation.

The fund carries a Moderate volatility label and a beta of 1.24, indicating that its price movements tend to be more pronounced than the broader market. A Sharpe ratio of 1.34 suggests that the returns generated have been efficient relative to the risk taken during the measured period. However, the maximum drawdown of -25.43% illustrates the potential for significant temporary losses during market downturns. This combination of a beta above 1.0 and a deep drawdown implies the fund amplifies market swings in both directions. Despite the high volatility and drawdown risk, the positive Sharpe ratio indicates that the fund has historically compensated investors well for these risks over time. The data presents a profile of an aggressive asset that offers high potential returns alongside substantial downside exposure.

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

KBWB Top Holdings

Holdings as of 2026-02-28 per the fund's most recent SEC N-PORT-P filing. Top 10 holdings make up 60.8% 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 KBWB's holdings overlap with other ETFs you own or are considering, check the Stock Overlap tool.

Which Funds Overlap With KBWB

Holding two funds that own the same companies adds cost and complexity without adding much diversification. These tracked ETFs share the most names with KBWB's top 10 — XLF overlaps most, holding 5 of the same companies as KBWB's top 10 (37.3% of KBWB'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: 4.71% (as of 2026-07-23) — 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): 18.70 (as of 2026-07-23) — 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 2026-06-01) — The Federal Reserve’s target policy rate, which anchors short-term borrowing costs across the economy.

KBWB Liquidity, Domicile & Tax Treatment

Liquidity: Quoted bid/ask spread is 0.39% and average daily volume is 1.6M/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 $6.51B provides ample scale, supporting tight spreads and issuer commitment to keep the fund open.

Domicile & tax treatment: KBWB 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.

KBWB Performance History

How KBWB Compares to Other Financial ETFs