KRE vs QABA: Grades, Fees and Holdings Compared

State Street SPDR S&P Regional Banking ETF

KREBNYSE Arca

First Trust NASDAQ ABA Community Bank Index Fund

QABADNasdaq

Overlap

49.2%by weight

Expense ratio

KRE −0.25pt a year

KRE0.35%QABA0.60%

Avg volume · 30D

KRE 1551.5×the volume

KRE13.5MQABA8.73K

10Y return · a year

KRE +0.6pt

KRE+7.8%QABA+7.2%

KRE vs QABA Performance

Oct 29, 2021 – Oct 30, 2026

+16.5%KRE+29.4%QABA

Expense ratio: KRE 0.35%, better; QABA 0.60%
Fund size: KRE $3.96B; QABA $86M
1Y total return: KRE +22.9%; QABA +27.3%, better
Yield (12M): KRE 2.24%; QABA 2.32%, better
Holdings: KRE 169; QABA 160
Avg volume (30D): KRE 13.5M sh, better; QABA 8.73K sh
NAV per share: KRE $72.86; QABA $66.47
52W range

ETF.net Grade

Pillar letters and Scores for KRE, QABA, with each pillar’s weight
Pillar	KRE	QABA
Cost30% weight	B62Higher	F13
Mission25% weight	D36	Not scored
Risk15% weight	C41	B60Higher
Tradability15% weight	A88Higher	D34
Holdings10% weight	A85Higher	A76
Durability5% weight	A80Higher	C51

Rank among Banks funds

How we build Categories ›

Same Category. KRE and QABA 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 QABA 7th 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 6CFDIQInvesco Bloomberg Financial Data Providers ETFScore 50
Rank 7DQABAFirst Trust NASDAQ ABA Community Bank Index FundScore 37
Rank 8DFTXOFirst Trust Nasdaq Bank ETFScore 36

Our read on each fund

ETF.net Research

KREBState Street SPDR S&P Regional Banking ETF

QABADFirst Trust NASDAQ ABA Community Bank Index Fund

In short

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.

QABA The bank ETF that starts by deleting the biggest banks. QABA tracks a Nasdaq index of community banks and thrifts that drops the 50 largest by assets, plus credit-card and international specialists. Main Street lenders, not money centers.

Stated mandate

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.

QABA The Fund seeks to track, before fees and expenses, the price and yield of the Nasdaq OMX® ABA Community BankTM Index.

Why people hold it

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

QABA Built as a pure community-bank screen: Nasdaq-listed banks and thrifts, minus the 50 largest by FDIC asset size and any credit-card or international specialists.ftportfolios.com
Trading since 2009 on an index co-developed with the American Bankers Association, rebalanced quarterly and market-cap weighted with issuer caps.ftportfolios.com
Spreads across roughly 160 small lenders, so the portfolio leans on community banking economics rather than one or two regional names.

Worth knowing

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.

QABA Costs 0.60% net of a waiver through April 30, 2027 (0.63% gross), above the category median and above KRE, KBE and KBWB at 0.35%.
Nasdaq-listed only. Community banks trading on other exchanges fall outside the index by design.ftportfolios.com
Thinner trading than the big regional-bank funds, which can show up as wider bid-ask spreads.

Full KRE profile⁠

Full QABA profile⁠

KRE vs QABA Holdings

How KRE and QABA differ

Overlap by weight

49.2%

Shared holdings make up 89.2% of QABA and 49.4% of KRE.

Level by level

Holdings104 in both49.2%
Asset classEquity100%
Countryby domicile99.7%
Sector2 Sectors99.7%

Sector

Sector weights in KRE and QABA, widest gap first
Sector	More in KREMore in QABA	KRE	QABA
Financials	KRE +0.3 points	100.0%	99.7%
Industrials	QABA +0.3 points	0.0%	0.3%

Country, concentration and asset class

Country by domicile

Country weights in KRE and QABA, widest gap first
Country	More in KREMore in QABA	KRE	QABA
United States	KRE +0.3 points	100.0%	99.7%
Canada	QABA +0.3 points	0.0%	0.3%

Concentration

Weight in the 10 largest Holdings

KRE11.7%
QABA26.6%

Securities held

KRE167
QABA158

Asset class

KRE: Equity
QABA: Equity

Holdings

Only in KRE63
In both104
Only in QABA54

Only in KRE

63 securities, 50.5% of KRE by weight

Glacier Bancorp Inc1.19%
United Community Banks/Ga1.18%
Texas Capital Bancshares Inc1.17%
Columbia Banking System Inc1.16%
Valley National Bancorp1.16%
East West Bancorp Inc1.16%
Pinnacle Financial Partners1.14%
Prosperity Bancshares Inc1.13%
Home Bancshares Inc1.13%
Nicolet Bankshares Inc1.13%
Associated Banc Corp1.13%
Banc of California Inc1.13%
Southstate Bank Corp1.12%
Fnb Corp1.12%
Atlantic Union Bankshares Co1.12%
Old National Bancorp1.11%
Axos Financial Inc1.11%
Bok Financial Corporation1.10%
Ameris Bancorp1.10%
Truist Financial Corp1.10%
Western Alliance Bancorp1.09%
Cullen/Frost Bankers Inc1.09%
Zions Bancorp Na1.08%
Regions Financial Corp1.08%
Umb Financial Corp1.07%
First Horizon Corp1.07%
Popular Inc1.07%
Bankunited Inc1.07%
First Bancorp Puerto Rico1.07%
Huntington Bancshares Inc1.07%
M & T Bank Corp1.05%
Citizens Financial Group1.05%
Renasant Corp0.98%
Bank of Hawaii Corp0.93%
Customers Bancorp Inc0.89%
Flagstar Bank Na0.88%
International Bancshares Crp0.83%
Beacon Financial Corp0.81%
Provident Financial Services0.78%
Servisfirst Bancshares Inc0.76%
Fb Financial Corp0.66%
Park National Corp0.59%
Community Financial System I0.56%
National Bank Hold Class A0.53%
Triumph Financial Inc0.53%
First Commonwealth Finl Corp0.52%
Ofg Bancorp0.50%
Dime Commercial Bancshares I0.44%
Metropolitan Bank Holding Co0.43%
Byline Bancorp Inc0.39%

Only in QABA

54 securities, 10.7% of QABA by weight

Merchants Bancorp1.01%
German American Bancorp, Inc.0.77%
MetroCity Bankshares, Inc.0.43%
First Community Bancshares, Inc.0.37%
VersaBank0.30%
Capital Bancorp, Inc.0.29%
Cass Information Systems, Inc.0.28%
Bankwell Financial Group, Inc.0.24%
Bridgewater Bancshares, Inc.0.24%
Ponce Financial Group, Inc.0.23%
Sierra Bancorp0.23%
Orange County Bancorp, Inc.0.22%
West Bancorporation, Inc.0.21%
Citizens & Northern Corporation0.21%
Farmers & Merchants Bancorp, Inc.0.21%
First Bank0.20%
Commercial Bancgroup, Inc.0.19%
Plumas Bancorp0.18%
RBB Bancorp0.18%
Chemung Financial Corporation0.17%
PCB Bancorp0.17%
The First Bancorp, Inc.0.17%
Northeast Community Bancorp, Inc.0.17%
Norwood Financial Corp.0.16%
Parke Bancorp, Inc.0.16%
Investar Holding Corporation0.16%
Avidbank Holdings, Inc.0.16%
USCB Financial Holdings, Inc.0.15%
Primis Financial Corp.0.15%
Timberland Bancorp, Inc.0.15%
Waterstone Financia, Inc.0.15%
FS Bancorp, Inc.0.15%
BayCom Corp0.14%
MVB Financial Corp.0.14%
John Marshall Bancorp, Inc.0.14%
Franklin Financial Services Corporation0.13%
NewtekOne, Inc.0.13%
First Community Corporation0.13%
FVCBankcorp, Inc.0.13%
First Western Financial, Inc.0.13%
Isabella Bank Corporation0.13%
Ames National Corporation0.12%
Oak Valley Bancorp0.12%
Western New England Bancorp Inc.0.12%
First National Corporation0.12%
FB Bancorp, Inc.0.11%
National Bankshares, Inc.0.11%
Eagle Financial Services, Inc.0.10%
Peoples Bancorp of North Carolina, Inc.0.10%
Ohio Valley Banc Corp.0.10%

Weight gaps

The 100 widest of 104 Holdings in both funds.

Holding weights in KRE and QABA, widest gap first
Holding	More in KREMore in QABA	KRE	QABA
Wintrust Financial CorpWTFC	QABA +3.18 points	1.14%	4.32%
Central BancompanyCBC	QABA +2.76 points	0.86%	3.62%
Commerce Bancshares IncCBSH	QABA +2.25 points	1.07%	3.32%
United Bankshares IncUBSI	QABA +1.60 points	1.16%	2.76%
Tfs Financial CorpTFSL	QABA +1.45 points	0.49%	1.94%
Hancock Whitney CorpHWC	QABA +1.34 points	1.09%	2.43%
Bank OzkOZK	QABA +1.14 points	1.18%	2.32%
Mechanics Bancorp AMCHB	QABA +1.11 points	0.25%	1.36%
Bancfirst CorpBANF	QABA +1.00 points	0.56%	1.56%
Eastern Bankshares IncEBC	QABA +0.99 points	1.16%	2.15%
First Finl Bankshares IncFFIN	QABA +0.93 points	0.91%	1.84%
Cathay General BancorpCATY	QABA +0.77 points	1.04%	1.81%
Fulton Financial CorpFULT	QABA +0.75 points	1.13%	1.88%
Towne BankTOWN	QABA +0.69 points	0.72%	1.41%
Independent Bank Corp/MaINDB	QABA +0.66 points	0.99%	1.65%
First Bancorp/NcFBNC	QABA +0.65 points	0.46%	1.11%
Cvb Financial CorpCVBF	QABA +0.58 points	1.09%	1.67%
Wsfs Financial CorpWSFS	QABA +0.57 points	1.12%	1.69%
Stock Yards Bancorp IncSYBT	QABA +0.56 points	0.46%	1.02%
N B T Bancorp IncNBTB	QABA +0.52 points	0.62%	1.14%
First Merchants CorpFRME	QABA +0.51 points	0.56%	1.07%
Trustmark CorpTRMK	QABA +0.51 points	0.57%	1.08%
1ST Source CorpSRCE	QABA +0.49 points	0.40%	0.89%
Enterprise Financial ServiceEFSC	QABA +0.47 points	0.47%	0.94%
Wesbanco IncWSBC	QABA +0.47 points	1.08%	1.55%
Columbia Financial IncCLBK	QABA +0.43 points	0.82%	1.25%
Firstsun Capital BancorpFSUN	QABA +0.41 points	0.31%	0.72%
Northwest Bancshares IncNWBI	QABA +0.40 points	0.54%	0.94%
Hbt Financial Inc/DeHBT	QABA +0.39 points	0.17%	0.56%
Simmons First Natl Corp Class ASFNC	QABA +0.38 points	1.03%	1.41%
First Financial BancorpFFBC	QABA +0.38 points	1.05%	1.43%
Republic Bancorp Inc Class ARBCAA	QABA +0.36 points	0.30%	0.66%
First Interstate Bancsys AFIBK	QABA +0.36 points	1.15%	1.51%
Amalgamated Financial CorpAMAL	QABA +0.36 points	0.27%	0.63%
First Mid Bancshares IncFMBH	QABA +0.32 points	0.24%	0.56%
S & T Bancorp IncSTBA	QABA +0.31 points	0.44%	0.75%
Wafd IncWAFD	QABA +0.30 points	0.61%	0.91%
Banner CorporationBANR	QABA +0.30 points	0.69%	0.99%
Seacoast Banking Corp/FlSBCF	QABA +0.29 points	1.05%	1.34%
City Holding CoCHCO	QABA +0.28 points	0.56%	0.84%
Qcr Holdings IncQCRH	QABA +0.28 points	0.42%	0.70%
Community Trust Bancorp IncCTBI	QABA +0.28 points	0.25%	0.53%
Trico BancsharesTCBK	QABA +0.28 points	0.43%	0.71%
Peoples Bancorp IncPEBO	QABA +0.26 points	0.32%	0.58%
Westamerica BancorporationWABC	QABA +0.26 points	0.33%	0.59%
Cnb Financial Corp/PaCCNE	QABA +0.25 points	0.19%	0.44%
Hope Bancorp IncHOPE	QABA +0.24 points	0.47%	0.71%
Bank First CorpBFC	QABA +0.24 points	0.45%	0.69%
Burke & Herbert Financial SEBHRB	QABA +0.24 points	0.36%	0.60%
Lakeland Financial CorpLKFN	QABA +0.23 points	0.40%	0.63%
Camden National CorpCAC	QABA +0.23 points	0.18%	0.41%
Capitol Federal Financial InCFFN	QABA +0.22 points	0.23%	0.45%
Capital City Bank Group IncCCBG	QABA +0.22 points	0.15%	0.37%
Five Star BancorpFSBC	QABA +0.21 points	0.25%	0.46%
Nb Bancorp IncNBBK	QABA +0.20 points	0.21%	0.41%
Old Second Bancorp IncOSBC	QABA +0.20 points	0.32%	0.52%
Mid Penn Bancorp IncMPB	QABA +0.19 points	0.17%	0.36%
Heritage Financial CorpHFWA	QABA +0.18 points	0.31%	0.49%
First Busey CorpBUSE	QABA +0.18 points	0.82%	1.00%
Arrow Financial CorpAROW	QABA +0.18 points	0.12%	0.30%
Business First BancsharesBFST	QABA +0.18 points	0.26%	0.44%
Orrstown Finl Services IncORRF	QABA +0.17 points	0.19%	0.36%
Mercantile Bank CorpMBWM	QABA +0.17 points	0.26%	0.43%
First Hawaiian IncFHB	QABA +0.17 points	1.12%	1.29%
Peoples Financial ServicesPFIS	QABA +0.17 points	0.13%	0.30%
South Plains Financial IncSPFI	QABA +0.17 points	0.18%	0.35%
Univest Financial CorpUVSP	QABA +0.17 points	0.29%	0.46%
Connectone Bancorp IncCNOB	QABA +0.16 points	0.52%	0.68%
California BancorpBCAL	QABA +0.16 points	0.13%	0.29%
Hanmi Financial CorporationHAFC	QABA +0.16 points	0.25%	0.41%
Farmers Natl Banc CorpFMNB	QABA +0.16 points	0.23%	0.39%
Acnb CorpACNB	QABA +0.15 points	0.13%	0.28%
Shore Bancshares IncSHBI	QABA +0.14 points	0.17%	0.31%
Preferred Bank/Los AngelesPFBC	QABA +0.15 points	0.38%	0.53%
First Business Financial SerFBIZ	QABA +0.14 points	0.13%	0.27%
Trustco Bank Corp NyTRST	QABA +0.14 points	0.26%	0.40%
Unity Bancorp IncUNTY	QABA +0.12 points	0.12%	0.24%
Choiceone Financial Svcs IncCOFS	QABA +0.11 points	0.11%	0.22%
Great Southern Bancorp IncGSBC	QABA +0.11 points	0.26%	0.37%
Civista Bancshares IncCIVB	QABA +0.12 points	0.13%	0.25%
Eagle Bancorp IncEGBN	QABA +0.12 points	0.31%	0.43%
First Financial CorpTHFF	QABA +0.11 points	0.27%	0.38%
Washington Trust BancorpWASH	QABA +0.11 points	0.20%	0.31%
Midland States Bancorp IncMSBI	QABA +0.11 points	0.18%	0.29%
Northrim Bancorp IncNRIM	QABA +0.10 points	0.12%	0.22%
Carter Bankshares IncCARE	KRE +0.10 points	0.37%	0.27%
Financial Institutions IncFISI	QABA +0.10 points	0.23%	0.33%
Independent Bank Corp MichIBCP	QABA +0.10 points	0.24%	0.34%
Oceanfirst Financial CorpOCFC	QABA +0.09 points	0.64%	0.73%
Kearny Financial Corp/MdKRNY	QABA +0.08 points	0.17%	0.25%
Esquire Financial Holdings IESQ	QABA +0.07 points	0.57%	0.64%
Southern Missouri BancorpSMBC	QABA +0.07 points	0.26%	0.33%
Northeast BankNBN	KRE +0.06 points	0.51%	0.45%
Peapack Gladstone Finl CorpPGC	QABA +0.06 points	0.28%	0.34%
Bank of Marin Bancorp/CaBMRC	QABA +0.04 points	0.15%	0.19%
Hingham Institution For SvgsHIFS	KRE +0.04 points	0.32%	0.28%
Pathward Financial IncCASH	QABA +0.04 points	0.62%	0.66%
Bancorp Inc/TheTBBK	KRE +0.03 points	0.83%	0.80%
Southern First BancsharesSFST	KRE +0.02 points	0.26%	0.24%
Home Bancorp IncHBCP	QABA +0.02 points	0.18%	0.20%

All 167 KRE holdings⁠All 158 QABA 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.

KRE vs QABA Cost

Overpaying QABA vs KRE

$4,691

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

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

Amount$10,000

Years30 years

Cost over time

KRE 0.35%
QABA 0.60%
Overpaying

Year by year

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

Expense ratio

0.35%KRE, cheaper
0.60%QABA

KRE0.35%QABA0.60%

0.13%0.60%

Middle half of Banks funds
Median 0.35%

KRE 2nd cheapest of 9 funds

QABA 8th cheapest of 9 funds

KRE vs QABA Dividends

Last 12 months to Oct 30, 2026

Yield (12M): KRE 2.24%; QABA 2.32%, better
Payout (12M): KRE $1.61; QABA $1.54
Last payment: KRE $0.41; QABA $0.36
Ex-dividend: KRE Sep 21, 2026; QABA Sep 24, 2026
Paid on: KRE Sep 23, 2026; QABA Sep 30, 2026
Frequency: KRE Quarterly; QABA Quarterly

Distribution history

Per share, 2017 to 2026, same scale for both

KREQuarterly · 39 paymentsAll KRE payments⁠

QABAQuarterly · 39 paymentsAll QABA payments⁠

KRE vs QABA Risk

Fall from peak · 5 years

KRE
QABA

Risk facts

VolatilityStd dev, 3 years: KRE 24.2%QABA 22.9%, better
Return per unit of riskSharpe ratio, 3 years: KRE 0.87, betterQABA 0.83
Worst fallMax drawdown, 5 years: KRE −52.7%QABA −43.0%, better
Market sensitivityBeta, 5 years: KRE 0.96QABA 0.98; Market = 1

KRE and QABA 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

Popular comparisons

KREBvsKBEB
State Street SPDR S&P Regional Banking ETF · State Street SPDR S&P Bank ETF
Expense ratio
0.35% · 0.35%
Category
QABADvsKBEB
First Trust NASDAQ ABA Community Bank Index Fund · State Street SPDR S&P Bank ETF
Expense ratio
0.60% · 0.35%
Category
KREBvsKBWBB
State Street SPDR S&P Regional Banking ETF · Invesco KBW Bank ETF
Expense ratio
0.35% · 0.35%
Category
QABADvsKBWBB
First Trust NASDAQ ABA Community Bank Index Fund · Invesco KBW Bank ETF
Expense ratio
0.60% · 0.35%
Category
KREBvsGSIBB
State Street SPDR S&P Regional Banking ETF · Themes Global Systemically Important Banks ETF
Expense ratio
0.35% · 0.35%
Category
QABADvsGSIBB
First Trust NASDAQ ABA Community Bank Index Fund · Themes Global Systemically Important Banks ETF
Expense ratio
0.60% · 0.35%
Category

KRE vs QABA

In short

Stated mandate

Why people hold it