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ETFs

SPDR S&P Bank ETF

KBE
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Today’s Change
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Snapshot
*

Inception Date
Nov 8, 2005
Expense Ratio
0.35%
Type
US Equities
Fund Owner
State Street (SPDR)
Volume (1m avg. daily)
$101,818,858
AUM
$1,120,431,715
Associated Index
S&P Banks Select Industry Index
Inverse/Leveraged
No
Passive/Active
Passive
Fractionable on Composer
Yes
Prospectus
View

Top 10 Holdings

CRBG
Corebridge Financial Inc.
1.75%
FCNCA
First Citizens Bancshares, Inc (NC) - Ordinary Shares - Class A
1.74%
PNC
PNC Financial Services Group Inc
1.74%
APO
Apollo Global Management Inc - Ordinary Shares - Class A (New)
1.74%
MTB
M & T Bank Corp
1.71%
JPM
JPMorgan Chase & Co.
1.7%
VOYA
Voya Financial Inc
1.69%
C
Citigroup Inc
1.69%
WFC
Wells Fargo & Co.
1.69%
EWBC
East West Bancorp, Inc.
1.68%
Invest with KBE
Trade KBE Options

What is KBE?

The SPDR KBW Bank ETF before expenses seeks to closely match the returns and characteristics of the KBW Bank Index (ticker: BKX).

1M
3M
6M
YTD
1Y
3Y
Max
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KBE
Performance Measures**

for the time period Nov 15, 2005 to Dec 4, 2025

Returns

1M Trailing Return: 6.6%

The percent change in the value over the most recent 1-month period.

3M Trailing Return: -1.3%

The percent change in the value over the most recent 3-month period.

Measures of Risk or Volatility

Max Drawdown: -83.6%

The greatest percent loss from peak to trough in value over the time period.

Standard Deviation: 34.7%

The typical amount that daily returns vary from the mean of the returns over the time period, standardized to a period of a year.

Measures of Risk-Adjusted Performance

Sharpe Ratio: 0.26

The annualized arithmetic mean of the daily returns divided by the annualized standard deviation of the daily returns for the selected time period.

Calmar Ratio: 0.04

The annualized return divided by the max drawdown for the selected time period.

ETFs related toKBE

ETFs correlated to KBE include DPST, KRE, IAT

KBE
SPDR Series Trust - SPDR S&P Bank ETF
DPST
Direxion Shares ETF Trust - Direxion Daily Regional Banks Bull 3X Shares
KRE
SPDR Series Trust - SPDR S&P Regional Banking ETF
IAT
BlackRock Institutional Trust Company N.A. - iShares U.S. Regional Banks ETF
FXO
First Trust Exchange-Traded Fund III - First Trust Financials AlphaDEX Fund
KBWB
Invesco Capital Management LLC - Invesco KBW Bank ETF
BNKU
Bank of Montreal - MicroSectorsTM U.S. Big Banks Index 3X Leveraged ETNs
BSVO
EA Series Trust - EA Bridgeway Omni Small-Cap Value ETF
VFH
Vanguard Group, Inc. - Vanguard Financials ETF
FNCL
Fidelity Covington Trust - Fidelity MSCI Financials Index ETF
IYF
BlackRock Institutional Trust Company N.A. - iShares U.S. Financials ETF

What is ETF correlation?

Correlation is a measure of the strength of the relationship between two ETFs. It quantifies the degree to which prices of the two ETFs typically move together.

Here, correlation is measured over the past year with the Pearson correlation coefficient (Pearon’s r), which ranges from -1 to 1.

Using ETF correlations in portfolio and strategy construction

ETF correlations can help you create investing strategies and portfolios. Use them to:

  • •Build a diversified portfolio from uncorrelated or inversely correlated ETFs with the aim of minimizing portfolio risk.
  • •Compare correlated or related ETFs to find one with a lower expense ratio or higher trading volume.
  • •Create an investing strategy that hedges an ETF with an uncorrelated or inversely correlated ETF.

Trading Strategies
Related toKBE

Simon | KMLM switcher | Simon Shorts Ed. + MbM | (single pops)| BT 4/13/22

Category

Trend-following, RSI momentum, volatility hedging, leveraged ETFs, inverse ETFs, managed futures (KMLM), bonds/cash, tech/semis/small-cap/biotech, risk-on/off

OOS Cumulative Return

94.76%

Doctor Strange Time Stone | Diversified ETFs | BT 02-14-2013

Category

Tactical allocation, leveraged ETFs, volatility hedging, sector rotation, trend/mean‑reversion

OOS Cumulative Return

30.23%

Create your own algorithmic trading strategy with KBE using Composer

FAQ

KBE is a US Equities ETF. The SPDR KBW Bank ETF before expenses seeks to closely match the returns and characteristics of the KBW Bank Index (ticker: BKX).

KBE tracks the S&P Banks Select Industry Index.

No, KBE is not actively managed. It is passively managed. In an actively managed fund, the fund manager makes decisions about how funds are invested. A passively managed fund typically tries to track or follow a market index.

Yes, KBE is passively managed. A passively managed fund typically tries to track or follow a market index. In an actively managed fund, the fund manager makes decisions about how funds are invested.

The 1-month return on KBE is -0.0259%. This is the percent change in the value of KBE over the most recent 1-month period. The 3-month return on KBE is 0.0622%. This is the percent change in the value of KBE over the most recent 3-month period.

The standard deviation of KBE for the past year is 0.3197%. Standard deviation is the typical amount that the daily returns vary from the mean of the returns over the time period, standardized to a period of a year.

ETFs similar to KBE include XLI, XLY, and XLV.

ETFs correlated to KBE include DPST, KRE, and IAT.

ETFs that are inversely correlated to KBE include BNKD, FAZ, and RWM.

Disclaimers

*

We show information directly obtained from our data provider, Xignite. Data shown here is provided by Xignite, an unaffiliated third party. Composer believes the information shown here is reliable, but has not been verified and there is no guarantee that the information is accurate.

**

We show information based on calculations performed by Composer using data from our provider. Information provided here is based on calculations performed by Composer using data sourced from Xignite, an unaffiliated third party. Composer believes this information is reliable, but has not verified the data and there is no guarantee that the calculations are accurate.