State Street SPDR S&P Bank ETF
$64.83−0.40 (−0.61%)
- Expense ratio
- 0.35%
- Fund size
- $1.5B
- 1Y return
- +10.7%
- Yield · Last 12 months
- 2.25%
- Holdings
- 107
- Volume · 30D
- 1.6M sh
- NAV per share
- $66.03
- 52W range
The ETF.net KBE Grade
Score 65 of 100 sits in the B band. Bands: A ≥ 70, B ≥ 55, C ≥ 40, D ≥ 25, F < 25; the scale skips E.
Cost
What you pay to own it — the expense ratio plus trading frictions, ranked within its category.BScore 62Category rankMission
How faithfully it does the job it claims — tracking its mandate or index with minimal slippage.Not scoredRisk
How violently it can move — volatility, drawdown depth, and downside capture versus its category.CScore 45Category rankTradability
How cheaply and easily you can get in and out — liquidity, spread, and premium/discount stability.AScore 77Category rankHoldings
What it actually owns — the quality, breadth, and concentration of the underlying portfolio.AScore 86Category rankDurability
Whether it will still be here — the fund’s assets, age, flows, and issuer staying power.AScore 76Category rank
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
- 107
- 10%
- EQH
Sectors
- Financials100.0%
Geography
- United States95.91%
- Puerto Rico2.97%
- Bermuda1.11%
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$11,066
Returns run to the Sep 22, 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 | +9.3% |
| 1 month | −4.6% |
| 3 months | −0.5% |
| 1 year | +10.7% |
| 3 years | +24.4% |
| 5 years | +8.5% |
| 10 years | +9.6% |
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 | +9.3% | |
| 2025 | +12.3% | |
| 2024 | +23.8% | |
| 2023 | +5.3% | |
| 2022 | −14.9% | |
| 2021 | +33.5% | |
| 2020 | −8.7% |
KBE in the news
KBE Dividends
- 2.25%
- $1.47
- $0.38 per share
- Quarterly
Distribution history
| Ex-date | Pay date | Amount per share |
|---|---|---|
| Sep 21, 2026 | Pays Sep 23, 2026 | $0.38 |
| Jun 22, 2026 | Jun 24, 2026 | $0.35 |
| Mar 23, 2026 | Mar 25, 2026 | $0.34 |
| Dec 22, 2025 | Dec 24, 2025 | $0.41 |
| Sep 22, 2025 | Sep 24, 2025 | $0.37 |
| Jun 23, 2025 | Jun 25, 2025 | $0.37 |
| Mar 24, 2025 | Mar 26, 2025 | $0.38 |
| Dec 23, 2024 | Dec 26, 2024 | $0.34 |
| Sep 23, 2024 | Sep 25, 2024 | $0.32 |
| Jun 24, 2024 | Jun 26, 2024 | $0.33 |
| Mar 18, 2024 | Mar 21, 2024 | $0.31 |
| Dec 18, 2023 | Dec 21, 2023 | $0.34 |
KBE Risk
- 22.3%
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.
- 0.85
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.