Which returned more over the last year, FNCL or KBE?

In the year to Oct 28, 2026, with distributions reinvested, FNCL returned +7.6% and KBE +16.9%.

Which is cheaper, FNCL or KBE?

FNCL is cheaper, by 0.27 percentage points a year. That is about $27 on $10,000 held for a year. Fees come from each fund's prospectus.

How much do FNCL and KBE overlap with the S&P 500?

By their latest filed holdings, 86% of FNCL and 16% of KBE by weight is stocks the S&P 500 already holds.

Data as of Oct 28, 2026.

Across categories

FNCL vs KBE: Differences, Returns & Fees

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Over the year to Oct 28, 2026, FNCL returned +7.6% to KBE's +16.9%; 14% of their weight is in the same names.

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Net assets: $2.2bn on Sep 30, 2026 for Fidelity MSCI Financials Index ETF, and $1.5bn on Oct 27, 2026 for State Street SPDR S&P Bank ETF.

FNCL on its own →KBE on its own →

At a glance

+7.6%

FNCL total return, 1 year

+16.9%

KBE total return, 1 year

0.08%

FNCL expense ratio

0.35%

KBE expense ratio

Pair scorecard

FNCL costs 0.27 points a year less; their one-year returns differ by 9.3 points; FNCL is 1.5 times larger.

FNCL vs KBE: Differences, Returns & Fees
Measure	FNCL	KBE
Return
Measure	FNCL	KBE
Total return, 1 year	+7.6%	+16.9%
Drawdown
Measure	FNCL	KBE
Below its high	4.4%, high on Sep 3, 2026	7.9%, high on Aug 14, 2026
Benchmark
Measure	FNCL	KBE
What it tracks	MSCI USA IMI Financials 25/50 Index	S&P Banks Select Industry Index
Cost and size
Measure	FNCL	KBE
Expense ratio	0.08%	0.35%
Net assets, as of Sep 30, 2026	$2.2bn	$1.5bn
Holdings
Measure	FNCL	KBE
Holdings in common	14%
Top ten holdings, share of the fund	48.4%	10.2%

Holdings in common uses holdings dated Jul 31, 2026 and Oct 27, 2026. Method

Risk and return

Nov 1, 2013 to Oct 23, 2026 · 677 weekly returns

FNCL KBE

Return

Total return edge FNCL +317.7% +184.3%

Annualized edge FNCL +11.6% +8.4%

Price return edge FNCL +219.9% +111.3%

Risk

Volatility edge FNCL 20.8% 27.2%

Max drawdown edge FNCL −40.6% −50.4%

Risk-adjusted

Sharpe edge FNCL 0.54 0.36

Sortino edge FNCL 0.78 0.52

Calmar edge FNCL 0.29 0.17

Reading

FNCL returned more: +317.7% to +184.3%. FNCL swung less: 20.8% to 27.2%. FNCL fell less at its worst: −40.6% to −50.4%.

Full scorecard

9 measures, with how each is measured Open ↓

Risk and return: FNCL vs KBE: Differences, Returns & Fees
Measure	FNCL	KBE	Edge	How it is measured
Return
Total return	+317.7%	+184.3%	FNCL	Price change plus distributions, reinvested.
Annualized	+11.6%	+8.4%	FNCL	Total return as a yearly rate.
Price return	+219.9%	+111.3%	FNCL	Price change alone, distributions left out.
Risk
Volatility	20.8%	27.2%	FNCL	Spread of weekly returns, annualized. Lower is steadier.
Downside deviation	14.4%	18.7%	FNCL	Like volatility, counting only weeks below the Treasury bill rate.
Max drawdown	−40.6%	−50.4%	FNCL	Deepest fall from a high to the low after it.
Risk-adjusted
Sharpe	0.54	0.36	FNCL	Return above Treasury bills per unit of volatility.
Sortino	0.78	0.52	FNCL	Return above Treasury bills per unit of downside deviation.
Calmar	0.29	0.17	FNCL	Annualized return divided by the max drawdown.

Computed by ETFIQ from Tiingo daily prices and ETFIQ's distribution records, 677 weekly returns. Cash rate: the 13-week Treasury bill.

What they share

14%

By the books each fund has filed, FNCL and KBE hold 14% of their money in the same securities at the same weight. Holdings dated Jul 31, 2026 and Oct 27, 2026.

50%

0 half 100%

half

14% in common

Positions both hold · largest shared weight first FNCL KBE

US Bancorp 1.08% 0.92%

JPMorgan Chase & Co 10.43% 0.90%

PNC Financial Services Group Inc 1.11% 0.90%

Wells Fargo & Co 2.93% 0.88%

Bank of New York Mellon Corp 1.19% 0.87%

Citigroup Inc 2.50% 0.85%

Bank of America Corp 4.65% 0.77%

Truist Financial Corp 0.71% 0.92%

Apollo Global Management Inc 0.58% 0.83%

Fifth Third Bancorp 0.57% 0.94%

M&T Bank Corp 0.41% 0.89%

Northern Trust Corp 0.35% 0.88%

Only in one fund ↓

Only in FNCL

Berkshire Hathaway Inc 7.87%

Visa Inc 6.81%

Mastercard Inc 5.19%

Goldman Sachs Group Inc 3.32%

Morgan Stanley 2.76%

American Express Co 1.98%

Charles Schwab Corp 1.92%

Blackrock Inc 1.78%

Only in KBE

FIRST CITIZENS BCSHS CL A 1.06%

CENTRAL BANCOMPANY 1.03%

N B T BANCORP INC 0.99%

UNITED BANKSHARES INC 0.99%

FIRST INTERSTATE BANCSYS A 0.98%

SIMMONS FIRST NATL CORP CL A 0.97%

INDEPENDENT BANK CORP 0.96%

HOME BANCSHARES INC 0.96%

Check overlap with more funds →

Side by side

FNCL Fidelity MSCI Financials Index ETF KBE State Street SPDR S&P Bank ETF

Where it sits Stock ETF Stock ETF

Issuer Fidelity State Street

What it is Tracks an index Tracks an index

Total return, 1 year +7.6% +16.9%

Its benchmark over the same days +7.5% (VFH) not measured

Gap to its benchmark +0.1 pts vs VFH not measured

Expense ratio 0.08% 0.35%

Already in the S&P 500 86.3% 15.5%

Holdings 383 107

Net assets, FNCL as of Sep 30, 2026 and KBE as of Oct 27, 2026 $2.2bn $1.5bn

FNCL and KBE on the fields both publish, as of Oct 28, 2026. Source: ETFIQ.

Client brief · page 1 of 2 Report BR-8DA70BC200

FNCL and KBE are built for the same job. How do they differ in cost, holdings and results?

What each follows. FNCL follows MSCI USA IMI Financials 25/50 Index and KBE follows S&P Banks Select Industry Index.
Holdings in common. 14% of the weight is in the same securities (holdings dated Jul 31, 2026 and Oct 27, 2026).
One-year total return. Over 1 year to Oct 28, 2026 FNCL returned +7.6% and KBE +16.9% with distributions reinvested, a gap of 9.3 points.

Data as of Oct 28, 2026.

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About each fund

FNCL

FNCL tracks an index. Over the year to Oct 28, 2026 it returned +7.6% with distributions reinvested, against +7.5% for its benchmark, the MSCI USA IMI Financials 25/50 Index. The prospectus expense ratio is 0.08% a year. By its holdings filed for Jul 31, 2026, 86% of the fund by weight is stocks the S&P 500 also holds, across 383 positions, with the top ten at 48.4%. It sat 4.4% below its high of Sep 3, 2026 on Oct 28, 2026.

KBE

KBE tracks an index. Over the year to Oct 28, 2026 it returned +16.9% with distributions reinvested. The prospectus expense ratio is 0.35% a year. By its holdings published by its issuer for Oct 27, 2026, 16% of the fund by weight is stocks the S&P 500 also holds, across 107 positions, with the top ten at 10.2%. It sat 7.9% below its high of Aug 14, 2026 on Oct 28, 2026.

Questions people ask

Which returned more over the last year, FNCL or KBE?: In the year to Oct 28, 2026, with distributions reinvested, FNCL returned +7.6% and KBE +16.9%.
Which is cheaper, FNCL or KBE?: FNCL is cheaper, by 0.27 percentage points a year. That is about $27 on $10,000 held for a year. Fees come from each fund's prospectus.
How much do FNCL and KBE overlap with the S&P 500?: By their latest filed holdings, 86% of FNCL and 16% of KBE by weight is stocks the S&P 500 already holds.

Other comparisons

FNCL vs IYG FNCL vs KBWB FNCL vs VFH FNCL vs XLF KBE vs KRE KBE vs KBWB KBE vs VFH IYG vs KBE

Where to next

FNCL on its own →KBE on its own →Hold both: look the portfolio through →Rankings →FNCL dividend history →FNCL holdings →KBE dividend history →KBE holdings →Standards and sources →

Sources and dates

FNCL filings on SEC EDGAR ↗

FNCL prospectus with the expense ratio (SEC) ↗

Fidelity website ↗

KBE filings on SEC EDGAR ↗

KBE prospectus with the expense ratio (SEC) ↗

State Street website ↗

Links are sources, not endorsements. A comparison is not a recommendation.

How this is computed

Overlap adds up the smaller of the two weights for each security both funds hold.

Cite this pageCitation, APA and Markdown

ETFIQ, FNCL against KBE, data as of Oct 28, 2026. https://etfiq.com/compare/any/fncl-vs-kbe

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Free to use with attribution for data ETFIQ computes; issuer data stays under its owner's terms.