FTXO vs KRE: Grades, Fees and Holdings Compared

First Trust Nasdaq Bank ETF

FTXODNasdaq

State Street SPDR S&P Regional Banking ETF

KREBNYSE Arca

Overlap

33.8%by weight

Expense ratio

KRE −0.25pt a year

FTXO0.60%KRE0.35%

Avg volume · 30D

KRE 148.1×the volume

FTXO91.4KKRE13.5M

10Y return · a year

FTXO +1.3pt

FTXO+9.6%KRE+8.3%

FTXO vs KRE Performance

Nov 2, 2021 – Nov 2, 2026

+32.9%FTXO+15.8%KRE

Expense ratio: FTXO 0.60%; KRE 0.35%, better
Fund size: FTXO $240M; KRE $3.96B
1Y total return: FTXO +18.8%; KRE +25.8%, better
Yield (12M): FTXO 1.91%; KRE 2.19%, better
Holdings: FTXO 51; KRE 169
Avg volume (30D): FTXO 91.4K sh; KRE 13.5M sh, better
NAV per share: FTXO $39.69; KRE $72.86
52W range

ETF.net Grade

Pillar letters and Scores for FTXO, KRE, with each pillar’s weight
Pillar	FTXO	KRE
Cost30% weight	F13	B62Higher
Mission25% weight	Not scored	D36
Risk15% weight	C46Higher	C41
Tradability15% weight	B58	A88Higher
Holdings10% weight	C53	A85Higher
Durability5% weight	B55	A80Higher

Rank among Banks funds

How we build Categories ›

Same Category. FTXO and KRE are both graded against the same 9 Banks funds, so their Grades compare head to head.

Banks⁠

Category · 9 funds

See all 9 ›

KRE ranks 1st and FTXO 8th of 9 funds in the Banks Category.

Rank 1BKREState Street SPDR S&P Regional Banking ETFScore 67
Rank 2BKBEState Street SPDR S&P Bank ETFScore 63
Rank 7DQABAFirst Trust NASDAQ ABA Community Bank Index FundScore 37
Rank 8DFTXOFirst Trust Nasdaq Bank ETFScore 36
Rank 8DIATiShares U.S. Regional Banks ETFScore 36

Our read on each fund

ETF.net Research

FTXODFirst Trust Nasdaq Bank ETF

KREBState Street SPDR S&P Regional Banking ETF

In short

FTXO Most bank ETFs just buy the sector by size. FTXO screens US banks on value, momentum and profitability, then holds roughly 40 that clear the bar. A stock-picker's bank fund, run by rules instead of a manager.

KRE The regional-bank trade in one ticker. Since 2006 KRE has tracked a modified equal-weighted basket of US regional banks and thrifts, so a small-town lender can pull as much weight as a big multi-state one.

Stated mandate

FTXO The fund seeks to track the performance of the Nasdaq US Smart BanksTM Index before fees and expenses, using a replication strategy.

KRE The fund seeks to track, before fees and expenses, the total return of an index representing the regional banking segment of the U.S. banking industry.

Why people hold it

FTXO Rules do the picking: the Nasdaq US Smart Banks Index ranks US banks on value, momentum and profitability, and the fund replicates it rather than weighting purely by size.ftportfolios.com
A tight book of roughly 40 banks, so individual names carry real weight instead of being diluted across the whole sector.ftportfolios.com
Live since 2016, with a track record of hugging its index very closely and paying distributions quarterly.

KRE Modified equal weighting spreads roughly 160 banks and thrifts across large, mid and small caps, so no single lender dominates the basket.ssga.com
Among the most actively traded funds in its category, so getting in and out tends to be cheap even on noisy bank-headline days.
Running since 2006, it has traded through the 2008 crisis and the 2023 regional-bank stress, at 0.35% a year, matching its cohort's median fee.
Stays inside the regional banks sub-industry rather than blending in the money-center giants: a cleaner expression of the regional story than a broad bank fund.ssga.com

Worth knowing

FTXO The screening costs: 0.60% a year against 0.35% for plain-vanilla bank funds like KBE, KBWB and KRE. You are paying for the ranking process, not just sector exposure.
Screens can tilt it away from the biggest banks, so its path can look quite different from a standard market-cap bank index in either direction.ftportfolios.com
Mid-sized and moderately traded rather than a category heavyweight, so spreads can run wider than the largest bank ETFs.

KRE Equal weighting gives smaller lenders the same pull as big ones, which can make the ride bumpier than a cap-weighted bank fund such as KBWB.
One country, one sub-industry: a rate shock, credit scare or deposit run tends to hit every holding at once.
Inside a competitive group of bank funds it lands in the lower half overall, with trading ease its clear strength. Distributions arrive quarterly.

Full FTXO profile⁠

Full KRE profile⁠

FTXO vs KRE Holdings

How FTXO and KRE differ

Overlap by weight

33.8%

Shared holdings make up 46.1% of FTXO and 41.9% of KRE.

Level by level

Holdings41 in both33.8%
Asset classEquity100%
Countryby domicile100%
Sector1 Sector100%

Sector

Sector weights in FTXO and KRE, widest gap first
Sector	More in FTXOMore in KRE	FTXO	KRE
Financials	Same weight	100.0%	100.0%

Country, concentration and asset class

Country by domicile

Country weights in FTXO and KRE, widest gap first
Country	More in FTXOMore in KRE	FTXO	KRE
United States	Same weight	100.0%	100.0%

Concentration

Weight in the 10 largest Holdings

FTXO58.0%
KRE11.7%

Securities held

FTXO50
KRE167

Asset class

FTXO: Equity
KRE: Equity

Holdings

Only in FTXO9
In both41
Only in KRE126

Only in FTXO

9 securities, 53.8% of FTXO by weight

U.S. Bancorp7.94%
Wells Fargo & Company7.94%
JPMorgan Chase & Co.7.79%
Citigroup Inc.7.66%
Bank of America Corporation6.64%
First Citizens BancShares, Inc. (Class A)4.47%
Fifth Third Bancorp3.97%
The PNC Financial Services Group, Inc.3.91%
KeyCorp3.47%

Only in KRE

126 securities, 58.0% of KRE by weight

Glacier Bancorp Inc1.19%
Texas Capital Bancshares Inc1.17%
Columbia Banking System Inc1.16%
First Interstate Bancsys A1.15%
Pinnacle Financial Partners1.14%
Banc of California Inc1.13%
Fnb Corp1.12%
First Hawaiian Inc1.12%
Truist Financial Corp1.10%
Western Alliance Bancorp1.09%
Cvb Financial Corp1.09%
Bankunited Inc1.07%
Huntington Bancshares Inc1.07%
Seacoast Banking Corp/Fl1.05%
Simmons First Natl Corp Class A1.03%
Independent Bank Corp/Ma0.99%
Renasant Corp0.98%
Bank of Hawaii Corp0.93%
First Finl Bankshares Inc0.91%
Customers Bancorp Inc0.89%
Flagstar Bank Na0.88%
Central Bancompany0.86%
Columbia Financial Inc0.82%
First Busey Corp0.82%
Beacon Financial Corp0.81%
Banner Corporation0.69%
Fb Financial Corp0.66%
Oceanfirst Financial Corp0.64%
Pathward Financial Inc0.62%
Wafd Inc0.61%
Trustmark Corp0.57%
Esquire Financial Holdings I0.57%
First Merchants Corp0.56%
Community Financial System I0.56%
Bancfirst Corp0.56%
City Holding Co0.56%
Northwest Bancshares Inc0.54%
National Bank Hold Class A0.53%
Triumph Financial Inc0.53%
First Commonwealth Finl Corp0.52%
Connectone Bancorp Inc0.52%
Northeast Bank0.51%
Ofg Bancorp0.50%
Tfs Financial Corp0.49%
Enterprise Financial Service0.47%
Hope Bancorp Inc0.47%
First Bancorp/Nc0.46%
Stock Yards Bancorp Inc0.46%
Bank First Corp0.45%
S & T Bancorp Inc0.44%

Weight gaps

All 41 Holdings in both funds, largest gap first.

Holding weights in FTXO and KRE, widest gap first
Holding	More in FTXOMore in KRE	FTXO	KRE
M&T Bank CorporationMTB	FTXO +2.83 points	3.88%	1.05%
Citizens Financial Group, Inc.CFG	FTXO +2.76 points	3.81%	1.05%
Regions Financial CorporationRF	FTXO +2.27 points	3.35%	1.08%
SouthState Bank CorporationSSB	FTXO +0.68 points	1.80%	1.12%
East West Bancorp, Inc.EWBC	FTXO +0.66 points	1.82%	1.16%
Nicolet Bankshares, Inc.NIC	KRE +0.60 points	0.53%	1.13%
First BanCorp.FBP	KRE +0.58 points	0.49%	1.07%
WSFS Financial CorporationWSFS	KRE +0.57 points	0.55%	1.12%
First Horizon CorporationFHN	FTXO +0.54 points	1.61%	1.07%
Axos Financial, Inc.AX	KRE +0.52 points	0.59%	1.11%
First Financial Bancorp.FFBC	KRE +0.51 points	0.54%	1.05%
Old National BancorpONB	FTXO +0.50 points	1.61%	1.11%
Fulton Financial CorporationFULT	KRE +0.48 points	0.65%	1.13%
The Bancorp, Inc.TBBK	KRE +0.46 points	0.37%	0.83%
Cathay General BancorpCATY	KRE +0.43 points	0.61%	1.04%
United Community Banks, Inc.UCB	KRE +0.42 points	0.76%	1.18%
Prosperity Bancshares, Inc.PB	FTXO +0.39 points	1.52%	1.13%
Valley National BancorpVLY	FTXO +0.37 points	1.53%	1.16%
WesBanco, Inc.WSBC	KRE +0.35 points	0.73%	1.08%
Commerce Bancshares, Inc.CBSH	KRE +0.35 points	0.72%	1.07%
UMB Financial CorporationUMBF	FTXO +0.32 points	1.39%	1.07%
Ameris BancorpABCB	KRE +0.31 points	0.79%	1.10%
Zions Bancorporation, National AssociationZION	FTXO +0.30 points	1.38%	1.08%
Eastern Bankshares, Inc.EBC	KRE +0.28 points	0.88%	1.16%
Mechanics Bancorp (Class A)MCHB	FTXO +0.28 points	0.53%	0.25%
ServisFirst Bancshares, Inc.SFBS	KRE +0.27 points	0.49%	0.76%
Home BancShares, Inc.HOMB	KRE +0.27 points	0.86%	1.13%
Hancock Whitney CorporationHWC	KRE +0.23 points	0.86%	1.09%
Wintrust Financial CorporationWTFC	FTXO +0.23 points	1.37%	1.14%
Provident Financial Services, Inc.PFS	KRE +0.23 points	0.55%	0.78%
Cullen/Frost Bankers, Inc.CFR	KRE +0.23 points	0.86%	1.09%
TowneBankTOWN	KRE +0.21 points	0.51%	0.72%
International Bancshares CorporationIBOC	KRE +0.22 points	0.61%	0.83%
Associated Banc-CorpASB	KRE +0.19 points	0.94%	1.13%
Atlantic Union Bankshares CorporationAUB	KRE +0.15 points	0.97%	1.12%
Park National CorporationPRK	KRE +0.12 points	0.47%	0.59%
NBT Bancorp Inc.NBTB	KRE +0.09 points	0.53%	0.62%
Popular, Inc.BPOP	FTXO +0.08 points	1.15%	1.07%
United Bankshares, Inc.UBSI	KRE +0.04 points	1.12%	1.16%
BOK Financial CorporationBOKF	FTXO +0.02 points	1.12%	1.10%
Bank OZKOZK	FTXO +0.01 points	1.19%	1.18%

All 50 FTXO holdings⁠All 167 KRE holdings⁠

How we measure overlap

Each holding counts at its smaller weight in the two funds, summed over the full Holdings. Sector, country and asset class use the same rule on each fund’s split. Cash, FX and derivative lines stay out of the counts. Two bond funds get no overlap figure.

FTXO vs KRE Cost

Overpaying FTXO vs KRE

$4,691

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

FTXO 0.60%
$11,817
KRE 0.35%
$7,126

Amount$10,000

Years30 years

Cost over time

FTXO 0.60%
KRE 0.35%
Overpaying

Year by year

Year	FTXO	KRE	Overpaying
10	$1,076	$634	$442
20	$4,116	$2,454	$1,662
30	$11,817	$7,126	$4,691

Expense ratio

0.60%FTXO
0.35%KRE, cheaper

KRE0.35%FTXO0.60%

0.13%0.60%

Middle half of Banks funds
Median 0.35%

KRE 2nd cheapest of 9 funds

FTXO 8th cheapest of 9 funds

FTXO vs KRE Dividends

Last 12 months to Nov 2, 2026

Yield (12M): FTXO 1.91%; KRE 2.19%, better
Payout (12M): FTXO $0.77; KRE $1.61
Last payment: FTXO $0.21; KRE $0.41
Ex-dividend: FTXO Sep 24, 2026; KRE Sep 21, 2026
Paid on: FTXO Sep 30, 2026; KRE Sep 23, 2026
Frequency: FTXO Quarterly; KRE Quarterly

Distribution history

Per share, 2017 to 2026, same scale for both

FTXOQuarterly · 39 paymentsAll FTXO payments⁠

KREQuarterly · 39 paymentsAll KRE payments⁠

FTXO vs KRE Risk

Fall from peak · 5 years

FTXO
KRE

Risk facts

VolatilityStd dev, 3 years: FTXO 21.3%, betterKRE 24.2%
Return per unit of riskSharpe ratio, 3 years: FTXO 1.12, betterKRE 0.87
Worst fallMax drawdown, 5 years: FTXO −46.6%, betterKRE −52.7%
Market sensitivityBeta, 5 years: FTXO 1.05KRE 0.96; Market = 1

FTXO and KRE in the news

All news⁠

Deep Dive
Bank earnings week will miss most of what a financials fund owns
Oct 12, 2026KRE
Top Movers
Long Treasuries close at a year low as the 10-year yield hits 5.18%
Sep 24, 2026KRE
Closing Bell
Stocks, Treasurys and gold fall as the 10-year yield climbs to 5.11%
Sep 23, 2026KRE
Closing Bell
Banks fall 2% in the Fed's first hike week as Nasdaq-100 logs a fifth gain
Sep 22, 2026KRE
Deep Dive
Financials drop 2.4% after the Fed's first hike since 2023 and a Bank of America fee warning
Sep 19, 2026KRE
Closing Bell
S&P 500 rises as bonds hit 52-week lows after hot core CPI
Sep 11, 2026KRE

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