State Street SPDR S&P Bank ETF
$62.94−0.45 (−0.71%)
- 0.35%
- $1.5B
- +14.9%
- 2.32%
- 1.6M sh
- $63.10
- low $54.64high $71.92
The ETF.net KBE Grade
B
Score 66 out of 100
- 1 of 9
Score 66 of 100 falls in the B band. A is 70 or higher, B 55 to under 70, C 40 to under 55, D 25 to under 40, F under 25.
Cost
The fund’s net expense ratio, ranked against its category.B62 out of 100Rank 2 of 9Mission
Whether the fund did what it promised, tested against its stated mandate.Risk
How the fund held up when markets fell: downside volatility, drawdowns and tail loss.C46 out of 100Rank 6 of 9Tradability
How easy the fund is to trade: daily volume, and how far its price strays from net asset value.A78 out of 100Rank 3 of 9Holdings
How concentrated the fund is, and how complete and current its disclosed holdings are.A86 out of 100Rank 1 of 9Durability
Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.A75 out of 100Rank 2 of 9
Our read on KBE
BOne of the original bank ETFs, running since 2005. It holds roughly 100 US banks in one ticker, spanning the whole bank segment of the market rather than a shortlist of household-name giants.
The fund seeks to match, before fees and expenses, the total return of the S&P Banks Select Industry Index and provides targeted exposure to the bank segment of the S&P Total Market Index.
Why people hold it
- Launched in 2005, so it has been trading through every bank cycle since, including 2008 and the 2023 regional-bank stress.
- Roughly 100 holdings covering the bank slice of the S&P Total Market Index, so no single lender's headline defines the whole fund.
- The job is simple (match the S&P Banks Select Industry Index before fees) and the tracking is among the tightest in the bank-ETF group.
- A billion-dollar-plus fund that trades actively, which is what keeps bid-ask costs modest for ordinary-sized orders.
Worth knowing
- The 0.35% expense ratio sits right at the middle of the bank-ETF pack, not below it. PBEU charges 0.25%, though it buys European banks.
- One sector, one country. US bank stocks tend to move together with rates and credit conditions, so this concentrates risk rather than spreading it.
- Distributions land quarterly, not monthly.
KBE Holdings
- Stocks
- 109
- 10%
- EQH
Sectors
- Financials100.0%
Geography
- United States96.24%
- Puerto Rico2.86%
- Bermuda0.90%
KBE Performance
Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.
KBE$11,487
Returns run to the Oct 12, 2026 close, with cash distributions reinvested. Each period starts on the same date that many months or years earlier. Periods over one year show the average yearly return.
| Period | KBE |
|---|---|
| Year to date | +6.2% |
| 1 month | −6.3% |
| 3 months | −7.3% |
| 1 year | +14.9% |
| 3 years | +23.3% |
| 5 years | +5.9% |
| 10 years | +9.1% |
Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.
| Year | Return bar | KBE |
|---|---|---|
| 2026 YTD | +6.2% | |
| 2025 | +12.3% | |
| 2024 | +23.8% | |
| 2023 | +5.3% | |
| 2022 | −14.9% | |
| 2021 | +33.5% | |
| 2020 | −8.7% |
KBE in the news
KBE Dividends
- 2.32%
- $1.47
- $0.38 per share
- Quarterly
Distribution history
KBE Risk
- 22.5%
How it’s calculated: standard deviation
The sample standard deviation of monthly total returns, multiplied by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Total returns include reinvested distributions.
- 0.83
How it’s calculated: Sharpe ratio
Subtract each month’s Treasury-bill return from the fund’s monthly total return.
Divide the average of those excess returns by their sample standard deviation, then multiply by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Each month uses the Treasury yield quoted at the end of the previous month.
- −45.3%
How it’s calculated: maximum drawdown
The largest percentage decline from an earlier peak, using total returns with reinvested distributions.
Uses up to five years through the last close, with at least 12 months required.
- 1.12
How it’s calculated: beta
The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.
KBE Cost
0.35%
KBE0.35%
- The middle half of Banks funds
- Median 0.35%
1 of the 9 Banks funds charge less.
Other funds in Banks
- BKREState Street SPDR S&P Regional Banking ETFExpense ratio 0.35%1 year return +18.3%
- BKBWBInvesco KBW Bank ETFExpense ratio 0.35%1 year return +22.2%
- BGSIBThemes Global Systemically Important Banks ETFExpense ratio 0.35%1 year return +36.3%
- BPBEUPortfolio Building Block European Banks Index ETFExpense ratio 0.13%1 year return —
- CFDIQInvesco Bloomberg Financial Data Providers ETFExpense ratio 0.35%1 year return —