KRE — State Street SPDR S&P Regional Banking ETF

KRE Price Performance — Growth of $10,000

Value of a $10,000 investment in KRE 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.

KRE Drawdown

The "underwater" chart: KRE'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 Regional Banking ETF is a Financial category fund managed by State Street Investment Management with $3.73 billion in assets under management. It holds an ETFValuer grade of C, ranking 7th out of 9 peers in its category and 337th of 458 tracked ETFs overall. The fund charges an expense ratio of 0.35%, which aligns exactly with the category median. Its dividend yield of 2.34% exceeds the category median of 1.80%, offering a higher income profile relative to similar funds. The top 10 holdings represent only 13.9% of assets, with the largest single position being State Street Global Advisors at 1.7%.

The fund’s price of $68.89 sits at 54.5% of its 52-week range, indicating a mid-range valuation over the past year. Short-term performance shows weakness, with declines of 1.68% over one day and 6.77% over one month. This contrasts with longer-term gains, as the fund has returned 10.05% over the last year and 81.21% over three years. The one-year return of 10.05% significantly outperforms the category median of 1.96%. The ETFValuer grade has remained unchanged at C for the last 35 tracked days, and price history is available for 3.0 years.

With a beta of 1.04, the fund moves slightly more than the market, contributing to its high annualized volatility of 22.13%. This volatility is reflected in a maximum drawdown of -28.20%, indicating substantial peak-to-trough declines in value. The Sharpe ratio of 0.23 suggests modest risk-adjusted returns relative to the volatility experienced. Liquidity is robust, with an average daily volume of 13,092,326 shares facilitating easy entry and exit. The combination of high volatility and a negative maximum drawdown characterizes the fund's historical price behavior.

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

KRE Top Holdings

Holdings as of 2026-06-30 per the fund's most recent SEC N-PORT-P filing. Top 10 holdings make up 13.9% 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 KRE's holdings overlap with other ETFs you own or are considering, check the Stock Overlap tool.

Which Funds Overlap With KRE

Holding two funds that own the same companies adds cost and complexity without adding much diversification. These tracked ETFs share the most names with KRE's top 10 — SPDW overlaps most, holding 1 of the same companies as KRE's top 10 (1.7% of KRE'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: 5.27% (as of 2026-10-06) — 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): 15.01 (as of 2026-10-06) — 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.

KRE Liquidity, Domicile & Tax Treatment

Liquidity: Average daily volume is 13.1M/day. Higher volume and a larger fund generally mean lower round-trip trading costs. AUM of $3.73B provides ample scale, supporting tight spreads and issuer commitment to keep the fund open.

Domicile & tax treatment: KRE 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.

KRE Performance History

How KRE Compares to Other Financial ETFs