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 is a Financial category fund issued by Invesco with $6.77 billion in assets under management. It holds a B grade (67.0/100) and ranks 1 of 9 within its category, placing it at #149 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 1.95% that exceeds the median of 1.65%. Its portfolio is concentrated, with the top ten holdings comprising 61.5% of assets and Morgan Stanley representing the largest single position at 9.4%.

The fund has delivered strong long-term gains, with a 3-year return of 150.68% and a 1-year return of 28.28%, significantly outpacing the category median of 11.21%. Short-term momentum shows acceleration, as the 6-month return of 24.89% contrasts with a modest 1-month gain of 0.18%. The current price of $97.65 sits at 89.2% of its 52-week range, indicating it is near the upper end of its recent trading band. The ETFValuer grade of B has remained unchanged over the last 35 tracked days, and the fund has 3.0 years of price history available for analysis.

With a beta of 1.13, the fund exhibits higher sensitivity to market movements than the broader market. Annualized volatility stands at 20.25%, which is labeled as Moderate, while the maximum drawdown has reached -25.43%. A Sharpe ratio of 1.15 suggests that the returns generated have been efficient relative to the risk taken. Liquidity is supported by an average daily volume of 1,722,212 shares, though the bid/ask spread of 0.91% indicates moderate trading costs.

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

KBWB Top Holdings

Holdings as of 2026-05-31 per the fund's most recent SEC N-PORT-P filing. Top 10 holdings make up 61.5% 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 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 6 of the same companies as KBWB's top 10 (44.9% 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: 4.77% (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.

KBWB Liquidity, Domicile & Tax Treatment

Liquidity: Quoted bid/ask spread is 0.91% and average daily volume is 1.7M/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 $6.77B 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