KBE — State Street SPDR S&P Bank ETF

KBE Price Performance — Growth of $10,000

Value of a $10,000 investment in KBE over time, compared with SPY. Both lines are rebased to $10,000 on the first shared date. Based on total returns — prices are adjusted for dividends and splits, so this assumes distributions were reinvested. Hover or tap the chart for exact values.

KBE Drawdown

The "underwater" chart: KBE's decline from its highest prior value at each point in time. It shows how deep past losses ran and how long the fund took to recover to break-even.

Overview

The State Street SPDR S&P Bank ETF (KBE) is a Financial category fund managed by State Street Investment Management with $1.48 billion in assets under management. It currently holds an overall rank of #225 out of 458 tracked ETFs across all categories and has received an ETFValuer grade of C with a score of 61.2 out of 100. The fund charges an expense ratio of 0.35% while offering a dividend yield of 2.15% to income-seeking investors. Trading at a price of $70.30, the fund's asset size places it as a mid-tier option within a category containing 9 ETFs tracked by ETFValuer. The combination of its moderate asset base and specific cost structure suggests a standard level of investor adoption relative to its peers. Its position in the broader market is reflected in its mid-range ranking among the 458 funds monitored. The fund's profile indicates a focus on the banking sector with a cost structure typical for actively managed or specialized sector exposure.

Short-term performance shows positive momentum with a 1-day return of +1.56% and a 1-week gain of +1.08%. This upward trend accelerated over the month with a 1-month return of +2.75% and continued into the quarter with a 3-month return of +9.78%. The fund demonstrated further strength over the six-month period, posting a return of +12.59%, while year-to-date gains reached +16.22%. Long-term results indicate significant appreciation, with a 1-year return of +24.66% and a 3-year return of +84.55%. The data reveals a consistent pattern of positive returns across all measured horizons from one day to three years. The magnitude of returns increases notably as the time horizon extends, suggesting strong cumulative performance over the longer term.

The fund carries a Moderate volatility label and exhibits a beta of 1.12, indicating it tends to move slightly more than the broader market. A Sharpe ratio of 0.92 suggests the fund has generated a reasonable amount of excess return per unit of risk taken over the measured period. However, the maximum drawdown of -25.98% highlights the potential for significant temporary losses during market downturns. This combination of a beta above 1.0 and a substantial drawdown implies the fund amplifies market movements in both directions. Investors may experience higher swings in value compared to a lower beta fund, even with the moderate volatility classification. The Sharpe ratio indicates that despite these risks, the fund has historically compensated investors for the volatility experienced.

AI-generated summary based on the data on this page.

KBE Top Holdings

Holdings as of 2026-03-31 per the fund's most recent SEC N-PORT-P filing. Top 10 holdings make up 11.0% of net assets — a rough gauge of concentration risk (the higher this figure, the more the fund's return depends on a handful of names). To see how KBE's holdings overlap with other ETFs you own or are considering, check the Stock Overlap tool.

Which Funds Overlap With KBE

Holding two funds that own the same companies adds cost and complexity without adding much diversification. These tracked ETFs share the most names with KBE's top 10 — KRE overlaps most, holding 2 of the same companies as KBE's top 10 (2.1% of KBE's assets).

Compares the top 10 reported holdings of each fund, so it's a floor on true overlap — two S&P 500 trackers overlap ~100% even when only 10 names are listed. Use the Stock Overlap tool to search by individual company.

Market Backdrop

10-Year Treasury Yield: 4.65% (as of 2026-07-27) — The yield on 10-year US Treasury bonds — the standard "risk-free rate" benchmark used to contextualize this fund’s Sharpe ratio and returns.

CBOE Volatility Index (VIX): 18.67 (as of 2026-07-27) — A real-time gauge of expected S&P 500 volatility over the next 30 days — useful context for this fund’s own volatility label.

Federal Funds Rate: 3.63% (as of 2026-06-01) — The Federal Reserve’s target policy rate, which anchors short-term borrowing costs across the economy.

KBE Liquidity, Domicile & Tax Treatment

Liquidity: Quoted bid/ask spread is — and average daily volume is 2.0M/day. Tighter spreads and higher volume mean lower round-trip trading costs; this is a live-market snapshot and can widen during volatile sessions. AUM of $1.48B provides ample scale, supporting tight spreads and issuer commitment to keep the fund open.

Domicile & tax treatment: KBE is a US-domiciled, SEC-registered ('40 Act) exchange-traded fund. Dividends and capital gains distributions are reported to US investors on Form 1099-DIV, and the fund is not subject to the PFIC reporting or UCITS-specific rules that apply to Irish- or Luxembourg-domiciled funds. Non-US investors should note that US-domiciled ETFs are generally subject to 30% US withholding tax on dividends (unless reduced by treaty) and to US estate tax exposure on the position — Irish-domiciled UCITS ETFs tracking the same index often avoid both, which is why non-US residents frequently prefer the UCITS equivalent where one exists. This is general information, not tax advice — consult a tax professional for your situation.

KBE Performance History

How KBE Compares to Other Financial ETFs