Data as of Oct 28, 2026.
FNCL vs KRE: Differences, Returns & Fees
Over the year to Oct 28, 2026, FNCL returned +7.6% to KRE's +21.2%; 6% 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 $4.2bn on Oct 27, 2026 for State Street SPDR S&P Regional Banking ETF.
Pair scorecard
FNCL costs 0.27 points a year less; their one-year returns differ by 13.6 points; KRE is 1.7 times larger.
| Measure | FNCL | KRE |
|---|---|---|
| Return | ||
| Total return, 1 year | +7.6% | +21.2% |
| Drawdown | ||
| Below its high | 4.4%, high on Sep 3, 2026 | 6.9%, high on Aug 14, 2026 |
| Benchmark | ||
| What it tracks | MSCI USA IMI Financials 25/50 Index | S&P Regional Banks Select Industry Index |
| Cost and size | ||
| Expense ratio | 0.08% | 0.35% |
| Net assets, as of Sep 30, 2026 | $2.2bn | $3.7bn |
| Holdings | ||
| Holdings in common | 6% | |
| Top ten holdings, share of the fund | 48.4% | 11.6% |
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 returnsFNCL returned more: +317.7% to +163.9%. FNCL swung less: 20.8% to 28.8%. FNCL fell less at its worst: −40.6% to −52.6%.
Full scorecard
9 measures, with how each is measured Open ↓
| Measure | FNCL | KRE | Edge | How it is measured |
|---|---|---|---|---|
| Return | ||||
| Total return | +317.7% | +163.9% | FNCL | Price change plus distributions, reinvested. |
| Annualized | +11.6% | +7.7% | FNCL | Total return as a yearly rate. |
| Price return | +219.9% | +94.3% | FNCL | Price change alone, distributions left out. |
| Risk | ||||
| Volatility | 20.8% | 28.8% | FNCL | Spread of weekly returns, annualized. Lower is steadier. |
| Downside deviation | 14.4% | 19.8% | FNCL | Like volatility, counting only weeks below the Treasury bill rate. |
| Max drawdown | −40.6% | −52.6% | FNCL | Deepest fall from a high to the low after it. |
| Risk-adjusted | ||||
| Sharpe | 0.54 | 0.33 | FNCL | Return above Treasury bills per unit of volatility. |
| Sortino | 0.78 | 0.49 | FNCL | Return above Treasury bills per unit of downside deviation. |
| Calmar | 0.29 | 0.15 | 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
By the books each fund has filed, FNCL and KRE hold 6% of their money in the same securities at the same weight. Holdings dated Jul 31, 2026 and Oct 27, 2026.
half
6% in common
Only in one fund ↓
Side by side
FNCL and KRE on the fields both publish, as of Oct 28, 2026. Source: ETFIQ.
FNCL and KRE 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 KRE follows S&P Regional Banks Select Industry Index.
- Holdings in common. 6% 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 KRE +21.2% with distributions reinvested, a gap of 13.6 points.
Data as of Oct 28, 2026.
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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.
KRE
KRE tracks the S&P Regional Banking. Over the year to Oct 28, 2026 it returned +21.2% with distributions reinvested. The prospectus expense ratio is 0.35% a year. By its holdings published by its issuer for Oct 27, 2026, 7% of the fund by weight is stocks the S&P 500 also holds, across 167 positions, with the top ten at 11.6%. It sat 6.9% below its high of Aug 14, 2026 on Oct 28, 2026.
Questions people ask
- Which returned more over the last year, FNCL or KRE?
- In the year to Oct 28, 2026, with distributions reinvested, FNCL returned +7.6% and KRE +21.2%.
- Which is cheaper, FNCL or KRE?
- 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.
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.
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ETFIQ, FNCL against KRE, data as of Oct 28, 2026. https://etfiq.com/compare/any/fncl-vs-kre
ETFIQ. (Oct 28, 2026). FNCL against KRE. Retrieved from https://etfiq.com/compare/any/fncl-vs-kre
[FNCL against KRE (ETFIQ, Oct 28, 2026)](https://etfiq.com/compare/any/fncl-vs-kre)
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