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

In the year to Oct 28, 2026, with distributions reinvested, KBE returned +16.9% and KBWB +18.4%.

Which is cheaper, KBE or KBWB?

Neither: KBE and KBWB both charge 0.35% a year. Fees come from each fund's prospectus.

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

By their latest filed holdings, 16% of KBE and 92% of KBWB by weight is stocks the S&P 500 already holds.

Data as of Oct 28, 2026.

Across categories

KBE vs KBWB: Differences, Returns & Fees

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Over the year to Oct 28, 2026, KBE returned +16.9% to KBWB's +18.4%; 18% of their weight is in the same names.

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Net assets on Oct 27, 2026: $1.5bn for State Street SPDR S&P Bank ETF and $6.7bn for Invesco KBW Bank ETF.

KBE on its own →KBWB on its own →

At a glance

+16.9%

KBE total return, 1 year

+18.4%

KBWB total return, 1 year

0.35%

KBE expense ratio

0.35%

KBWB expense ratio

Pair scorecard

Both cost 0.35% a year; their one-year returns differ by 1.5 points; KBWB is 4.5 times larger.

Points (pts) are percentage points.

KBE vs KBWB: Differences, Returns & Fees
Measure	KBE	KBWB
Return
Measure	KBE	KBWB
Total return, 1 year	+16.9%	+18.4%
Drawdown
Measure	KBE	KBWB
Below its high	7.9%, high on Aug 14, 2026	10.1%, high on Aug 14, 2026
Benchmark
Measure	KBE	KBWB
What it tracks	S&P Banks Select Industry Index	KBW Nasdaq Bank Index
Cost and size
Measure	KBE	KBWB
Expense ratio	0.35%	0.35%
Net assets, as of Oct 27, 2026	$1.5bn	$6.7bn
Holdings
Measure	KBE	KBWB
Holdings in common	18%
Top ten holdings, share of the fund	10.2%	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

KBE KBWB

Return

Total return edge KBWB +369.1% +505.7%

Annualized edge KBWB +10.9% +12.8%

Price return edge KBWB +234.5% +328.4%

Risk

Volatility edge Tie 26.4% 26.5%

Max drawdown edge KBWB (slight) −50.4% −48.6%

Risk-adjusted

Sharpe edge KBWB 0.46 0.52

Sortino edge KBWB 0.67 0.76

Calmar edge KBWB 0.22 0.26

Reading

KBWB returned more: +505.7% to +369.1%. KBE and KBWB swung about the same: 26.4% and 26.5%. KBWB fell slightly less at its worst: −48.6% to −50.4%.

Full scorecard

9 measures, with how each is measured Open ↓

Risk and return: KBE vs KBWB: Differences, Returns & Fees
Measure	KBE	KBWB	Edge	How it is measured
Return
Total return	+369.1%	+505.7%	KBWB	Price change plus distributions, reinvested.
Annualized	+10.9%	+12.8%	KBWB	Total return as a yearly rate.
Price return	+234.5%	+328.4%	KBWB	Price change alone, distributions left out.
Risk
Volatility	26.4%	26.5%	Tie	Spread of weekly returns, annualized. Lower is steadier.
Downside deviation	17.9%	18.1%	Tie	Like volatility, counting only weeks below the Treasury bill rate.
Max drawdown	−50.4%	−48.6%	KBWB (slight)	Deepest fall from a high to the low after it.
Risk-adjusted
Sharpe	0.46	0.52	KBWB	Return above Treasury bills per unit of volatility.
Sortino	0.67	0.76	KBWB	Return above Treasury bills per unit of downside deviation.
Calmar	0.22	0.26	KBWB	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

18%

By the books each fund has filed, KBE and KBWB hold 18% of their money in the same securities at the same weight. Holdings dated Oct 27, 2026.

50%

0 half 100%

half

18% in common

Positions both hold · largest shared weight first KBE KBWB

EAST WEST BANCORP INC 0.98% 2.24%

PINNACLE FINANCIAL PARTNERS 0.96% 1.88%

FIFTH THIRD BANCORP 0.94% 4.27%

KEYCORP 0.93% 2.81%

TRUIST FINANCIAL CORP 0.92% 4.20%

ZIONS BANCORP NA 0.92% 1.19%

US BANCORP 0.92% 4.16%

WESTERN ALLIANCE BANCORP 0.92% 1.04%

REGIONS FINANCIAL CORP 0.91% 3.02%

FIRST HORIZON CORP 0.91% 1.38%

JPMORGAN CHASE + CO 0.90% 8.13%

HUNTINGTON BANCSHARES INC 0.90% 3.95%

Only in one fund ↓

Only in KBE

CUSTOMERS BANCORP INC 1.06%

FIRST CITIZENS BCSHS CL A 1.06%

CENTRAL BANCOMPANY 1.03%

GLACIER BANCORP INC 1.02%

CATHAY GENERAL BANCORP 1.01%

UNITED COMMUNITY BANKS 1.00%

EQUITABLE HOLDINGS INC 1.00%

COREBRIDGE FINANCIAL INC 1.00%

Only in KBWB

Goldman Sachs Group Inc 7.62%

Morgan Stanley 7.51%

Capital One Financial Corp 4.07%

State Street Corp 3.83%

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

KBE State Street SPDR S&P Bank ETF KBWB Invesco KBW Bank ETF

Where it sits Stock ETF Stock ETF

Issuer State Street Invesco

What it is Tracks an index Tracks an index

Total return, 1 year +16.9% +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 0.35% 0.35%

Already in the S&P 500 15.5% 92.5%

Holdings 107 28

Net assets, as of Oct 27, 2026 $1.5bn $6.7bn

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

Client brief · page 1 of 2 Report BR-3D043F7E0C

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

What each follows. KBE follows S&P Banks Select Industry Index and KBWB follows KBW Nasdaq Bank Index.
Holdings in common. 18% of the weight is in the same securities (holdings dated Oct 27, 2026).
Number of holdings. KBE holds 107 positions and KBWB holds 28.

Data as of Oct 28, 2026.

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About each fund

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.

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. 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, KBE or KBWB?: In the year to Oct 28, 2026, with distributions reinvested, KBE returned +16.9% and KBWB +18.4%.
Which is cheaper, KBE or KBWB?: Neither: KBE and KBWB both charge 0.35% a year. Fees come from each fund's prospectus.
How much do KBE and KBWB overlap with the S&P 500?: By their latest filed holdings, 16% of KBE and 92% of KBWB by weight is stocks the S&P 500 already holds.

Other comparisons

FNCL vs KBE IAI vs KBE KBE vs XLF KBE vs KRE IAI vs KBWB FNCL vs KBWB KBWB vs VFH KBWB vs XLF

Where to next

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

Sources and dates

KBE filings on SEC EDGAR ↗

KBE prospectus with the expense ratio (SEC) ↗

State Street website ↗

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

Open data →

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