KBWB — Invesco KBW Bank ETF
Financial Ranked #87 of 458 tracked ETFs · Issued by Invesco
KBWB Price Performance — Growth of $10,000
Value of a $10,000 investment in KBWB 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.
KBWB Drawdown
The "underwater" chart: KBWB'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.
What If You'd Invested in KBWB?
See what a lump sum in KBWB would have grown to, with the option to add a regular monthly contribution on top. Figures use total returns — dividends are assumed reinvested.
Past performance doesn't predict future results. Assumes contributions on the first trading day of each month, no trading costs or taxes, and reinvested distributions. History is limited to the range published in the site's daily return data.
Overview
The Invesco KBW Bank ETF, identified by the ticker KBWB, operates within the Financial category and is issued by Invesco. With assets under management totaling $6.51 billion and a share price of $96.98, the fund demonstrates significant investor adoption relative to its peers. It currently holds an overall rank of #87 out of 458 tracked ETFs across all categories, earning an ETFValuer grade of B with a score of 71.6 out of 100. The fund charges an expense ratio of 0.35% and offers a dividend yield of 2.00%. Within its specific category, which contains 9 ETFs tracked by ETFValuer, the fund positions itself as a mid-tier option based on its ranking. The combination of substantial assets and a moderate expense ratio suggests a established presence in the banking sector investment landscape.
Recent price action shows a +0.42% gain over the last day and a +0.12% increase over the past week. Over the last month, returns accelerated to +3.77%, followed by a +12.08% gain over three months. Year-to-date performance stands at +14.39%, while the six-month return reached +15.24%. The one-year return is recorded at +32.20%, and the three-year return shows a substantial +134.47% increase. This trajectory indicates a pattern of short-term stability that has evolved into significant long-term appreciation. The data reflects a consistent upward trend across the majority of the measured time horizons provided.
The fund carries a volatility label of Moderate and a beta of 1.24, indicating price movements that are generally more sensitive to market fluctuations than the broader benchmark. A Sharpe ratio of 1.33 suggests that the returns generated have been efficient relative to the amount of risk taken. However, the maximum drawdown of -25.43% highlights the potential for significant temporary losses during market downturns. This combination of a beta above 1.0 and a notable drawdown implies the fund experiences amplified swings in both rising and falling markets. Investors should consider that while the Sharpe ratio reflects positive risk-adjusted returns, the fund's behavior includes periods of heightened downside exposure.
AI-generated summary based on the data on this page.
KBWB Top Holdings
| # | Holding | % of Net Assets | Value |
|---|---|---|---|
| 1 | Goldman Sachs Group, Inc. (The) | 7.98% | $446M |
| 2 | Morgan Stanley | 7.53% | $420M |
| 3 | JPMorgan Chase & Co. | 7.36% | $411M |
| 4 | Wells Fargo & Co. | 7.28% | $407M |
| 5 | Bank of America Corp. | 7.13% | $398M |
| 6 | Fifth Third Bancorp | 5.97% | $333M |
| 7 | Huntington Bancshares Inc. | 4.64% | $259M |
| 8 | M&T Bank Corp. | 4.38% | $244M |
| 9 | U.S. Bancorp | 4.28% | $239M |
| 10 | PNC Financial Services Group, Inc. (The) | 4.27% | $239M |
Holdings as of 2026-02-28 per the fund's most recent SEC N-PORT-P filing. Top 10 holdings make up 60.8% 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 KBWB's holdings overlap with other ETFs you own or are considering, check the Stock Overlap tool.
Which Funds Overlap With KBWB
Holding two funds that own the same companies adds cost and complexity without adding much diversification. These tracked ETFs share the most names with KBWB's top 10 — XLF overlaps most, holding 5 of the same companies as KBWB's top 10 (37.3% of KBWB's assets).
| ETF | Name | Shared Companies | KBWB Weight | Examples |
|---|---|---|---|---|
| XLF | State Street Financial Select Sector SPDR ETF | 5 | 37.3% | JPMorgan Chase & Co., Bank of America Corp., Goldman Sachs Group, Inc. (The)… |
| VFH | Vanguard Financials Index Fund ETF Shares | 5 | 37.3% | JPMorgan Chase & Co., Bank of America Corp., Goldman Sachs Group, Inc. (The)… |
| FNCL | Fidelity MSCI Financials Index ETF | 5 | 37.3% | JPMorgan Chase & Co., Bank of America Corp., Goldman Sachs Group, Inc. (The)… |
| IYF | iShares U.S. Financials ETF | 5 | 37.3% | JPMorgan Chase & Co., Goldman Sachs Group, Inc. (The), Bank of America Corp.… |
| VTC | Vanguard Total Corporate Bond ETF ETF Shares | 4 | 29.9% | Goldman Sachs Group, Inc. (The), Morgan Stanley, Wells Fargo & Co.… |
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.
What KBWB's Fees Cost You
KBWB charges an expense ratio of 0.35% a year, deducted automatically from the fund's value. Small percentages compound into real money — adjust the figures below to see the impact on your own numbers.
Assumes a constant gross return and no additional contributions — a simplification, but it isolates exactly what the expense ratio costs. Try the full fee calculator to model contributions and compare any two funds.
KBWB Dividend Income Estimator
KBWB currently yields 2.00%. Enter an amount to see the income that implies, or set a monthly income target to see the investment it would take.
Based on the fund's current trailing yield, which varies with price and distributions — treat it as an estimate, not a guarantee. Yields are not adjusted for tax.
KBWB Liquidity, Domicile & Tax Treatment
Liquidity: Quoted bid/ask spread is 0.86% and average daily volume is 1.7M/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 $6.51B provides ample scale, supporting tight spreads and issuer commitment to keep the fund open.
Domicile & tax treatment: KBWB 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.
KBWB Performance History
| Period | Return |
|---|---|
| 1-Day | +0.42% |
| 1-Week | +0.12% |
| 1-Month | +3.77% |
| 3-Month | +12.08% |
| 6-Month | +15.24% |
| YTD | +14.39% |
| 1-Year | +32.20% |
| 3-Year | +134.47% |
How KBWB Compares to Other Financial ETFs
| Rank | Grade | Ticker | Name | 1-Year | Exp. Ratio | AUM |
|---|---|---|---|---|---|---|
| #87 | B |
KBWB | Invesco KBW Bank ETF | +32.20% | 0.35% | $6.51B |
| #139 | B |
IAK | iShares U.S. Insurance ETF | +20.60% | 0.38% | $422M |
| #170 | B |
XLF | State Street Financial Select Sector SPDR ETF | +9.46% | 0.08% | $51.4B |
| #194 | C |
KRE | State Street SPDR S&P Regional Banking ETF | +27.01% | 0.35% | $4.74B |
| #209 | C |
VFH | Vanguard Financials Index Fund ETF Shares | +10.10% | 0.09% | $13.8B |
| #225 | C |
KBE | State Street SPDR S&P Bank ETF | +24.66% | 0.35% | $1.48B |
| #266 | C |
IYF | iShares U.S. Financials ETF | +12.29% | 0.38% | $3.90B |
| #267 | C |
FNCL | Fidelity MSCI Financials Index ETF | +10.04% | 0.084% | $2.23B |
| #378 | C |
IAI | iShares U.S. Broker-Dealers & Securities Exchanges ETF | +8.68% | 0.38% | $1.33B |