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Launched · SEC filings

Invesco KBW Bank ETF

KBWBNasdaqInvescoB

$89.11−0.49 (−0.55%)

At close: Nov 3, 2026, 4:00 PM ET

B63/ 100

Rank 2 of 9 in Banks

B63/100Rank 2 of 9inBanks
Intraday session: down, 79 prints from 89.60 to 89.11. Range 88.89 to 89.73. Use the arrow keys to read each point.89.0089.4010 AM12 PM2 PM4 PM
Expense ratio
0.35%
Fund size
$6.78B
1Y total return
+18.9%
Yield · Last 12 months
2.08%
Holdings
28
Avg volume · 30D
2.08M sh
52W range
low $74.33high $100.61
Launched
Filings
SEC EDGAR

The ETF.net KBWB Grade

Based on 5 of 6 pillars

B

Score 63 out of 100

Category
Banks⁠
Rank
2 of 9
Six-pillar profile for KBWB. Scores out of 100: Cost 62, Risk 48, Mission not scored, Tradability 88, Holdings 46, Durability 75. Strongest: Tradability (88). Weakest: Holdings (46). Based on 5 of 6 pillars.

Score 63 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 100
    Rank 2 of 9

  • Mission

    Whether the fund did what it promised, tested against its stated mandate.
    Not scored

  • Risk

    How the fund held up when markets fell: downside volatility, drawdowns and tail loss.
    C48 out of 100
    Rank 4 of 9

  • Tradability

    How easy the fund is to trade: daily volume, and how far its price strays from net asset value.
    A88 out of 100
    Rank 1 of 9

  • Holdings

    How concentrated the fund is, and how complete and current its disclosed holdings are.
    C46 out of 100
    Rank 7 of 9

  • Durability

    Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.
    A75 out of 100
    Rank 3 of 9

Our read on KBWB

ETF.net Research

In short

BBanks, and nothing but. KBWB has tracked the KBW Nasdaq Bank Index since 2011, packing roughly two dozen US bank stocks into one ticker with no insurers or asset managers diluting the theme.

Stated mandate

The Fund seeks to track the KBW Nasdaq Bank Index and normally invests at least 90% of its total assets in securities represented by that index.

Why people hold it

  • Undiluted US bank exposure: it tracks the KBW Nasdaq Bank Index and normally keeps at least 90% of assets in that index's securities.
  • A multi-billion-dollar fund that trades actively, so entering and exiting is usually straightforward even on noisy days for the sector.
  • 0.35% expense ratio, the going rate in bank funds and the same sticker as SPDR rivals KBE and KRE.
  • Live since 2011 and one of the stronger builds in its bank-fund peer group, with a mandate that has stayed put.

Worth knowing

  • Around 26 holdings in a single industry. When banks wobble, there is nothing else in the basket to absorb it.
  • Bank shares live and die by rates, credit conditions and regulation, which makes for a bumpier ride than a broad-market fund.
  • Distributions land quarterly, not monthly, and the amount moves with what the underlying banks choose to pay.

KBWB Performance

Launched Nov 1, 2011

Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.

KBWB$11,889
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$11,146
Oct 31, 2025 to Nov 2, 2026. KBWB $11,889. SPY $11,146. Use the arrow keys to read each point.$10,000$11,000$12,000$13,000Oct 2025May 2026Nov 2026

Oct 31, 2025 – Nov 2, 2026

Returns run to the Nov 2, 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.

Trailing total return for KBWB. Periods over one year show the average yearly return.
PeriodKBWB
Year to date+8.0%
1 month+2.3%
3 months−6.3%
1 year+18.9%
3 yearsper year+34.6%
5 yearsper year+7.4%
10 yearsper year+11.8%

With distributions reinvested.

Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.

Annual total returns for KBWB
YearReturn barKBWB
2026 YTD+8.0%
2025+32.0%
2024+36.7%
2023−1.2%
2022−21.7%
2021+37.8%
2020−10.4%

KBWB in the news

KBWB Dividends

Adds up every distribution paid per share over the last 12 months, divided by the last completed close. Distributions are counted by ex-date. Data through Nov 2, 2026.
2.08%Last 12 months
Payout per share
$1.87Last 12 months
Last payment
$0.46 per share
Paid on
Shares bought on or after this date do not qualify for this distribution.
Frequency
Quarterly

Distribution history

2017–2026

One bar per payment. 39 payments from 2017 to 2026 YTD. Mar 17, 2017 $0.06; Jun 16, 2017 $0.18; Sep 18, 2017 $0.22; Dec 18, 2017 $0.28; Mar 19, 2018 $0.19; Jun 18, 2018 $0.22; Sep 24, 2018 $0.32; Dec 24, 2018 $0.38; Mar 18, 2019 $0.26; Jun 24, 2019 $0.31; Sep 23, 2019 $0.37; Dec 23, 2019 $0.45; Mar 23, 2020 $0.37; Jun 22, 2020 $0.33; Sep 21, 2020 $0.29; Dec 21, 2020 $0.33; Mar 22, 2021 $0.29; Jun 21, 2021 $0.33; Sep 20, 2021 $0.34; Dec 20, 2021 $0.48; Mar 21, 2022 $0.34; Jun 21, 2022 $0.44; Sep 19, 2022 $0.38; Dec 19, 2022 $0.41; Mar 20, 2023 $0.33; Jun 20, 2023 $0.45; Sep 18, 2023 $0.41; Dec 18, 2023 $0.39; Mar 18, 2024 $0.43; Jun 24, 2024 $0.40; Sep 23, 2024 $0.42; Dec 23, 2024 $0.36; Mar 24, 2025 $0.41; Jun 23, 2025 $0.41; Sep 22, 2025 $0.45; Dec 22, 2025 $0.44; Mar 23, 2026 $0.49; Jun 22, 2026 $0.47; Sep 21, 2026 $0.46. Use the arrow keys to read each point.2017201820192020202120222023202420252026YTD
Ex-datePay dateAmount per share
Sep 21, 2026Sep 25, 2026$0.46
Jun 22, 2026Jun 26, 2026$0.47
Mar 23, 2026Mar 27, 2026$0.49
Dec 22, 2025Dec 26, 2025$0.44
Sep 22, 2025Sep 26, 2025$0.45
Jun 23, 2025Jun 27, 2025$0.41
Mar 24, 2025Mar 28, 2025$0.41
Dec 23, 2024Dec 27, 2024$0.36
Sep 23, 2024Sep 27, 2024$0.42
Jun 24, 2024Jun 28, 2024$0.40
Mar 18, 2024Mar 22, 2024$0.43
Dec 18, 2023Dec 22, 2023$0.39

See all 60 payments⁠

$10,000 in KBWB 10 years ago paid $3,742 in dividends.⁠

KBWB Risk

Risk pillarC48 out of 100Rank 4 of 9 in Banks
How much the fund’s monthly returns vary, scaled to a year.
21.5%
Annualised · 36 months to Oct 2026
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.

Return above 3-month US Treasury bills per unit of volatility.
1.35
vs 3-month T-bills · to Oct 2026
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.

The largest fall from a peak to the low that followed.
−49.3%
Trough May 2023
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.

How strongly the fund’s returns move with its asset-class index.
1.24
vs its asset-class index
How it’s calculated: beta

The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.

FMP measures it over up to five years of monthly returns.

KBWB Cost

Compare KBWB and PBEU

Overpaying vs PBEU, cheapest in Banks

$4,400

On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.

  • KBWB 0.35%

    $7,126

  • PBEU 0.13% Cheapest

    $2,726

$10,000
30 years

Cost over time

  • KBWB 0.35%
  • PBEU 0.13%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$2K$4K$6K$8K051015202530KBWB $7,126PBEU $2,726

Year by year

YearKBWBPBEUOverpaying
10$634$238$396
20$2,454$930$1,524
30$7,126$2,726$4,400

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