Which returned more over the last year, IYG or KBWB?

In the year to Oct 28, 2026, with distributions reinvested, IYG returned +7.0% and KBWB +18.4%.

Which is cheaper, IYG 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.

How much do IYG and KBWB overlap with the S&P 500?

By their latest filed holdings, 93% of IYG and 92% of KBWB by weight is stocks the S&P 500 already holds.

Data as of Oct 28, 2026.

Across categories

IYG vs KBWB: Differences, Returns & Fees

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Over the year to Oct 28, 2026, IYG returned +7.0% to KBWB's +18.4%; 37% of their weight is in the same names.

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Net assets on Oct 27, 2026: $2.2bn for iShares U.S. Financial Services ETF and $6.7bn for Invesco KBW Bank ETF.

IYG on its own →KBWB on its own →

At a glance

+7.0%

IYG total return, 1 year

+18.4%

KBWB total return, 1 year

0.37%

IYG expense ratio

0.35%

KBWB expense ratio

Pair scorecard

KBWB costs 0.02 points a year less; their one-year returns differ by 11.4 points; KBWB is 3.0 times larger.

IYG vs KBWB: Differences, Returns & Fees
Measure	IYG	KBWB
Return
Measure	IYG	KBWB
Total return, 1 year	+7.0%	+18.4%
Drawdown
Measure	IYG	KBWB
Below its high	4.5%, high on Sep 3, 2026	10.1%, high on Aug 14, 2026
Benchmark
Measure	IYG	KBWB
What it tracks	Dow Jones U.S. Financial Services Index	KBW Nasdaq Bank Index
Cost and size
Measure	IYG	KBWB
Expense ratio	0.37%	0.35%
Net assets, as of Oct 27, 2026	$2.2bn	$6.7bn
Holdings
Measure	IYG	KBWB
Holdings in common	37%
Top ten holdings, share of the fund	63.9%	59.3%

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

Risk and return

Nov 11, 2011 to Oct 23, 2026 · 780 weekly returns

IYG KBWB

Return

Total return edge IYG +663.4% +505.7%

Annualized edge IYG +14.5% +12.8%

Price return edge IYG +509.3% +328.4%

Risk

Volatility edge IYG 21.7% 26.5%

Max drawdown edge IYG −40.3% −48.6%

Risk-adjusted

Sharpe edge IYG 0.66 0.52

Sortino edge IYG 0.97 0.76

Calmar edge IYG 0.36 0.26

Reading

IYG returned more: +663.4% to +505.7%. IYG swung less: 21.7% to 26.5%. IYG fell less at its worst: −40.3% to −48.6%.

Full scorecard

9 measures, with how each is measured Open ↓

Risk and return: IYG vs KBWB: Differences, Returns & Fees
Measure	IYG	KBWB	Edge	How it is measured
Return
Total return	+663.4%	+505.7%	IYG	Price change plus distributions, reinvested.
Annualized	+14.5%	+12.8%	IYG	Total return as a yearly rate.
Price return	+509.3%	+328.4%	IYG	Price change alone, distributions left out.
Risk
Volatility	21.7%	26.5%	IYG	Spread of weekly returns, annualized. Lower is steadier.
Downside deviation	14.7%	18.1%	IYG	Like volatility, counting only weeks below the Treasury bill rate.
Max drawdown	−40.3%	−48.6%	IYG	Deepest fall from a high to the low after it.
Risk-adjusted
Sharpe	0.66	0.52	IYG	Return above Treasury bills per unit of volatility.
Sortino	0.97	0.76	IYG	Return above Treasury bills per unit of downside deviation.
Calmar	0.36	0.26	IYG	Annualized return divided by the max drawdown.

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

37%

By the books each fund has filed, IYG and KBWB hold 37% of their money in the same securities at the same weight. Holdings dated Oct 27, 2026.

50%

0 half 100%

half

37% in common

Positions both hold · largest shared weight first IYG KBWB

JPMORGAN CHASE & CO 12.62% 8.13%

BANK OF AMERICA 4.66% 7.02%

GOLDMAN SACHS GROUP 3.76% 7.62%

WELLS FARGO 3.54% 8.21%

MORGAN STANLEY 3.16% 7.51%

CITIGROUP 2.91% 4.00%

CAPITAL ONE FINANCIAL CORP 1.77% 4.07%

BANK OF NEW YORK MELLON CORP 1.42% 3.94%

US BANCORP 1.32% 4.16%

PNC FINANCIAL SERVICES GROUP 1.28% 4.11%

TRUIST FINANCIAL 0.84% 4.20%

FIFTH THIRD BANCORP 0.69% 4.27%

Only in one fund ↓

Only in IYG

BERKSHIRE HATHAWAY INC CLASS B 14.30%

VISA CLASS A 9.69%

MASTERCARD CLASS A 6.97%

AMERICAN EXPRESS 2.33%

BLACKROCK 2.31%

CHARLES SCHWAB 2.05%

S&P GLOBAL 1.92%

CME GROUP CLASS A 1.49%

Only in KBWB

CME E Mini Financial Select Sector Futures 0.15%

Invesco Government & Agency Portfolio 0.14%

SECURITIES LENDING - BNYM 0.00%

CONTRA FUTURE EMINI FINANCIAL SELECT SECTOR DEC -0.15%

Check overlap with more funds →

Side by side

IYG iShares U.S. Financial Services ETF KBWB Invesco KBW Bank ETF

Where it sits Stock ETF Stock ETF

Issuer iShares Invesco

What it is Tracks an index Tracks an index

Total return, 1 year +7.0% +18.4%

Its benchmark over the same days not measured +13.7% (VOO)

Gap to its benchmark not measured +4.7 pts vs VOO

Expense ratio 0.37% 0.35%

Already in the S&P 500 93.2% 92.5%

Holdings 98 28

Net assets, as of Oct 27, 2026 $2.2bn $6.7bn

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

Client brief · page 1 of 2 Report BR-83F5CC45A8

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

What each follows. IYG follows Dow Jones U.S. Financial Services Index and KBWB follows KBW Nasdaq Bank Index.
Holdings in common. 37% of the weight is in the same securities (holdings dated Oct 27, 2026).
One-year total return. Over 1 year to Oct 28, 2026 IYG returned +7.0% and KBWB +18.4% with distributions reinvested, a gap of 11.4 points.

Data as of Oct 28, 2026.

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About each fund

IYG

IYG tracks an index. Over the year to Oct 28, 2026 it returned +7.0% with distributions reinvested. The prospectus expense ratio is 0.37% a year. By its holdings published by its issuer for Oct 27, 2026, 93% of the fund by weight is stocks the S&P 500 also holds, across 98 positions, with the top ten at 63.9%. It sat 4.5% 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, IYG or KBWB?: In the year to Oct 28, 2026, with distributions reinvested, IYG returned +7.0% and KBWB +18.4%.
Which is cheaper, IYG 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.
How much do IYG and KBWB overlap with the S&P 500?: By their latest filed holdings, 93% of IYG and 92% of KBWB by weight is stocks the S&P 500 already holds.

Other comparisons

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

Where to next

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

Sources and dates

IYG filings on SEC EDGAR ↗

IYG prospectus with the expense ratio (SEC) ↗

iShares page for IYG ↗

KBWB filings on SEC EDGAR ↗

KBWB prospectus with the expense ratio (SEC) ↗

Invesco page for KBWB ↗

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, IYG against KBWB, data as of Oct 28, 2026. https://etfiq.com/compare/any/iyg-vs-kbwb

Open data →

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