KRE — State Street SPDR S&P Regional Banking ETF

Overview

The State Street SPDR S&P Regional Banking ETF (KRE) is a Financial category fund managed by State Street Investment Management with $4.74 billion in assets under management. Currently trading at $73.34, the fund holds an overall rank of #109 out of 120 tracked ETFs across all categories and has received an ETFValuer grade of C with a score of 52.4 out of 100. Investors face an expense ratio of 0.35% while receiving a dividend yield of 2.14%. The fund's position within the Financial category is notable given that ETFValuer tracks only three ETFs in this specific sector. The substantial asset base of $4.74 billion suggests significant investor adoption despite the fund's lower overall ranking relative to the broader market. This combination of high assets and a mid-tier grade indicates a fund that has attracted capital but faces challenges in matching top-tier performance metrics. The price level of $73.34 reflects the current market valuation of the regional banking sector holdings within the fund.

Recent performance data shows a sharp decline over the last day with a return of -2.30%, followed by a -2.02% drop over the past week. Despite these short-term losses, the fund has demonstrated strong momentum over longer horizons, posting a 1-month return of +5.13% and a 3-month gain of +10.52%. This upward trajectory continued into the half-year mark with a +11.47% return, while year-to-date performance stands at +13.73%. The one-year return of +20.04% indicates sustained growth over the past twelve months, which contrasts with the immediate recent weakness. Over a three-year period, the fund has delivered a substantial cumulative return of +81.51%, highlighting a significant divergence between short-term volatility and long-term gains. The pattern suggests a fund that has experienced recent pullbacks but maintains a robust multi-year growth profile.

The fund carries a High volatility label and a beta of 1.18, indicating that its price movements tend to be more pronounced than the broader market. A Sharpe ratio of 0.65 suggests that the risk-adjusted returns have been moderate relative to the volatility experienced. The maximum drawdown of -28.20% illustrates the extent of potential losses during adverse market conditions, reflecting the fund's sensitivity to downturns. This combination of a beta above 1.0 and a high volatility label implies that the ETF amplifies market swings, rising and falling with greater intensity than average. The Sharpe ratio of 0.65 indicates that while the fund has generated positive returns, the compensation for the high level of risk taken may be considered average. The significant max drawdown of -28.20% serves as a key metric for investors assessing the potential depth of declines during periods of market stress.

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

KRE Top Holdings

Holdings as of 2026-03-31 per the fund's most recent SEC N-PORT-P filing.

Market Backdrop

10-Year Treasury Yield: 4.55% (as of 2026-07-07) — 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): 16.13 (as of 2026-07-07) — 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.

KRE Performance History

How KRE Compares to Other Financial ETFs