Data as of Oct 28, 2026.
IYF vs KBWB: Differences, Returns & Fees
Over the year to Oct 28, 2026, IYF returned +7.8% to KBWB's +18.4%; 36% of their weight is in the same names.
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Net assets: $3.7bn on Oct 28, 2026 for iShares U.S. Financials ETF, and $6.7bn on Oct 27, 2026 for Invesco KBW Bank ETF.
Pair scorecard
KBWB costs 0.02 points a year less; their one-year returns differ by 10.6 points; KBWB is 1.8 times larger.
| Measure | IYF | KBWB |
|---|---|---|
| Return | ||
| Total return, 1 year | +7.8% | +18.4% |
| Drawdown | ||
| Below its high | 5.6%, high on Sep 3, 2026 | 10.1%, high on Aug 14, 2026 |
| Benchmark | ||
| What it tracks | Russell 1000 Financials 40 Act 15/22 | KBW Nasdaq Bank Index |
| Cost and size | ||
| Expense ratio | 0.37% | 0.35% |
| Net assets, as of Oct 26, 2026 | $3.7bn | $6.6bn |
| Holdings | ||
| Holdings in common | 36% | |
| Top ten holdings, share of the fund | 48.3% | 59.3% |
Holdings in common uses holdings dated Oct 27, 2026. Method
Risk and return
Nov 11, 2011 to Oct 23, 2026 · 780 weekly returnsEach against its own benchmark: IYF against IWB, Jun 2, 2000 to Oct 23, 2026; KBWB against VOO, Nov 11, 2011 to Oct 23, 2026.
IYF returned more: +575.6% to +505.7%. IYF swung less: 19.3% to 26.5%. IYF fell less at its worst: −39.1% to −48.6%.
Full scorecard
19 measures, with how each is measured Open ↓
| Measure | IYF | KBWB | Edge | How it is measured |
|---|---|---|---|---|
| Return | ||||
| Total return | +575.6% | +505.7% | IYF | Price change plus distributions, reinvested. |
| Annualized | +13.6% | +12.8% | IYF (slight) | Total return as a yearly rate. |
| Price return | +426.3% | +328.4% | IYF | Price change alone, distributions left out. |
| Risk | ||||
| Volatility | 19.3% | 26.5% | IYF | Spread of weekly returns, annualized. Lower is steadier. |
| Downside deviation | 13.3% | 18.1% | IYF | Like volatility, counting only weeks below the Treasury bill rate. |
| Max drawdown | −39.1% | −48.6% | IYF | Deepest fall from a high to the low after it. |
| Upside capture | 111.4% | 122.8% | Share of its benchmark's rise caught in the weeks it rose. | |
| Downside capture | 107.0% | 115.0% | Share of its benchmark's fall taken in the weeks it fell. Lower is better. | |
| Beta | 1.17 | 1.25 | Not an edge | How far it moves for each 1% its benchmark moves. |
| R squared | 0.75 | 0.55 | Not an edge | Share of its weekly moves its benchmark explains. |
| Risk-adjusted | ||||
| Sharpe | 0.67 | 0.52 | IYF | Return above Treasury bills per unit of volatility. |
| Sortino | 0.97 | 0.76 | IYF | Return above Treasury bills per unit of downside deviation. |
| Treynor | 0.063 | 0.111 | Return above Treasury bills per unit of beta. | |
| Calmar | 0.35 | 0.26 | IYF | Annualized return divided by the max drawdown. |
| Against the benchmark | ||||
| Benchmark | IWB | VOO | The ETF each fund is measured against. | |
| Alpha | −1.6% a year | −2.8% a year | Not significant | Yearly return beyond what its beta to the benchmark predicts. |
| Alpha t-stat | −0.70 | −0.61 | Not an edge | How sure the alpha is. Below 2, it could be chance. |
| Alpha range | −6.2% to +2.9% | −11.9% to +6.3% | Includes zero | The 95% range for the yearly alpha. |
| Information ratio | −0.03 | 0.03 | Return against its benchmark per unit of tracking error. | |
| Tracking error | 12.4% | 18.2% | Not an edge | How far weekly returns stray from the benchmark, annualized. |
Computed by ETFIQ from Tiingo daily prices and ETFIQ's distribution records, 780 weekly returns. Cash rate: the 13-week Treasury bill.
What they share
By the books each fund has filed, IYF and KBWB hold 36% of their money in the same securities at the same weight. Holdings dated Oct 27, 2026.
half
36% in common
Only in one fund ↓
Side by side
IYF and KBWB on the fields both publish, as of Oct 28, 2026. Source: ETFIQ.
IYF and KBWB are built for the same job. How do they differ in cost, holdings and results?
- What each follows. IYF follows Russell 1000 Financials 40 Act 15/22 and KBWB follows KBW Nasdaq Bank Index.
- Holdings in common. 36% of the weight is in the same securities (holdings dated Oct 27, 2026).
- One-year total return. Over 1 year to Oct 28, 2026 IYF returned +7.8% and KBWB +18.4% with distributions reinvested, a gap of 10.6 points.
Data as of Oct 28, 2026.
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IYF
IYF tracks an index. Over the year to Oct 28, 2026 it returned +7.8% with distributions reinvested, against +13.1% for its benchmark, the Russell 1000 Index. The prospectus expense ratio is 0.37% a year. By its holdings published by its issuer for Oct 27, 2026, 89% of the fund by weight is stocks the S&P 500 also holds, across 144 positions, with the top ten at 48.3%. It sat 5.6% below its high of Sep 3, 2026 on Oct 28, 2026.
KBWB
KBWB tracks an index. Over the year to Oct 28, 2026 it returned +18.4% with distributions reinvested, against +13.7% for its benchmark, the S&P 500 Index. The prospectus expense ratio is 0.35% a year. By its holdings published by its issuer for Oct 27, 2026, 92% of the fund by weight is stocks the S&P 500 also holds, across 28 positions, with the top ten at 59.3%. It sat 10.1% below its high of Aug 14, 2026 on Oct 28, 2026.
Questions people ask
- Which returned more over the last year, IYF or KBWB?
- In the year to Oct 28, 2026, with distributions reinvested, IYF returned +7.8% and KBWB +18.4%.
- Which is cheaper, IYF or KBWB?
- KBWB is cheaper, by 0.02 percentage points a year. That is about $2 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, IYF against KBWB, data as of Oct 28, 2026. https://etfiq.com/compare/any/iyf-vs-kbwb
ETFIQ. (Oct 28, 2026). IYF against KBWB. Retrieved from https://etfiq.com/compare/any/iyf-vs-kbwb
[IYF against KBWB (ETFIQ, Oct 28, 2026)](https://etfiq.com/compare/any/iyf-vs-kbwb)
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