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ETFs

SPDR S&P Bank ETF

KBE
$--
Today’s Change
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Snapshot
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Inception Date
Nov 08 2005
Expense Ratio
0.35%
Type
US Equities
Fund Owner
State Street (SPDR)
Volume (1m avg. daily)
$247,298,235
AUM
$1,376,870,186
Associated Index
S&P Banks Select Industry Index
Inverse/Leveraged
No
Passive/Active
Passive
Fractionable on Composer
Yes
Prospectus
View

Top 10 Holdings

FCNCA
First Citizens Bancshares, Inc (NC) - Ordinary Shares - Class A
2.61%
NYCB
New York Community Bancorp Inc.
2.10%
MTG
MGIC Investment Corp
1.78%
NTRS
Northern Trust Corp.
1.76%
APO
Apollo Global Management Inc - Ordinary Shares - Class A (New)
1.76%
VOYA
Voya Financial Inc
1.76%
JPM
JPMorgan Chase & Co.
1.66%
C
Citigroup Inc
1.64%
BK
Bank Of New York Mellon Corp
1.64%
PB
Prosperity Bancshares Inc.
1.63%
Invest with KBE

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).

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
FTXO
First Trust Exchange-Traded Fund III - First Trust Nasdaq Bank ETF
KBWR
Invesco Capital Management LLC - Invesco KBW Regional Banking ETF
KBWB
Invesco Capital Management LLC - Invesco KBW Bank ETF
FXO
First Trust Exchange-Traded Fund III - First Trust Financials AlphaDEX Fund
QABA
First Trust Exchange-Traded Fund III - First Trust NASDAQ ABA Community Bank Index Fund
RYF
Invesco Capital Management LLC - Invesco S&P 500 Equal Weight Financials ETF
FNCL
Fidelity Covington Trust - Fidelity MSCI Financials Index 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.

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 -0.2089%. This is the percent change in the value of KBE over the most recent 1-month period. The 3-month return on KBE is -0.1772%. 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 0.3006%. 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 XLF, XLK, and XLU.

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

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

Disclaimers

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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.