DESKvsKBEETF Comparison
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VanEck Office and Commercial REIT ETF (DESK) belongs to the US Real Estate segment. State Street SPDR S&P Bank ETF (KBE) is part of the US Financials segment. Both ETFs have the same top 1 sector exposures: Finance. DESK is more expensive with a Total Expense Ratio (TER) of 0.51%, versus 0.35% for KBE. DESK is up 9.54% year-to-date (YTD) with +$4M in YTD flows. KBE performs better with 10.13% YTD performance, and +$103M in YTD flows. Run a side-by-side ETF comparison of DESK and KBE below, and assess how they stack up in performance, liquidity, risk, exposure, holdings, and more, helping you select the best ETF for your investments.
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DESK vs KBE performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 10/30/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | DESK KBE | +4.19%+3.98% | -8.74%-4.90% | +9.54%+10.13% | +4.39%+18.85% | +51.11%+102.11% | n/a+32.31% |
| Flows | DESK KBE | --$89M | -$8M-$72M | +$4M+$103M | +$4M-$52M | +$5M-$260M | --$1.76B |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | DESK KBE | +20.28%+14.88% | +20.78%+19.11% | +25.01%+24.75% | n/a+26.93% |
| Max drawdown | DESK KBE | -14.43%-12.27% | -18.15%-14.61% | -28.62%-25.95% | n/a-45.30% |
| Max drawdown duration | DESK KBE | 92d75d | 206d134d | 740d282d | n/a1002d |
Trading data
DESK | KBE | |
Last sale 10/30/2026 at 1:30 PM | $38.54 | $65.70 |
| Previous close 10/29/2026 | $38.81 | $66.46 |
| Consolidated volume 10/29/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
Replication quality
Data as of September 30, 2026
1-year trailing difference
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DESK | KBE | |
|---|---|---|
| Tracking error | ||
| Tracking difference | ||
| 1 year cumulative return difference | ||
| Best | ||
| Worst | ||
| Daily return difference | ||
| Average | ||
| Worst | ||
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Main metrics
Last update 10/30/2026 at 1:30 PM
Live
Closed
DESK | KBE | |
|---|---|---|
| Last price | $38.54 | $65.70 |
| 1D performance | -0.70% | -1.14% |
| AuM | $5.79 M | $1.50 B |
| E/R | 0.51% | 0.35% |
Characteristics
DESK | KBE | |
|---|---|---|
| Management strategy | Passive | Passive |
| Provider | VanEck | State Street Investment Management |
| Benchmark | MarketVector US Listed Office and Commercial REITs Index | S&P Banks Select Industry Index |
| N° of holdings | 25 | 107 |
| Asset class | Equities | Equities |
| Trailing 12m distribution yield | Join | Join |
| Inception date | September 19, 2023 | November 8, 2005 |
| ESG | No | No |
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Exposure
Countries
DESK
USA
98.95%
Other
1.05%
KBE
USA
96.05%
Other
3.95%
Sectors
DESK
Finance
98.95%
Other
1.05%
KBE
Finance
99.72%
Other
0.28%
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Diversification
DESK
Total weight of top 15 holdings out of 15
91.06%
KBE
Total weight of top 15 holdings out of 15
14.58%
Top 15 holdings
Data as of September 30, 2026
DESK
Cousins Properties, Inc.
10.28%
Vornado Realty Trust
10.14%
BXP, Inc.
9.86%
Kilroy Realty Corp.
9.79%
COPT Defense Properties
9.31%
Easterly Government Properties, Inc.
4.52%
Highwoods Properties, Inc.
4.48%
SL Green Realty Corp.
4.36%
Piedmont Realty Trust, Inc.
4.34%
Hudson Pacific Properties, Inc.
4.15%
Douglas Emmett, Inc.
4.15%
Simon Property Group, Inc.
4.08%
Prologis, Inc.
3.97%
Empire State Realty Trust, Inc.
3.88%
Realty Income Corp.
3.75%
KBE
Stock Yards Bancorp, Inc.
0.99%
Trustmark Corp.
0.98%
Simmons First National Corp.
0.98%
Equitable Holdings, Inc.
0.98%
NBT Bancorp, Inc.
0.97%
United Bankshares, Inc. (West Virginia)
0.97%
Corebridge Financial, Inc.
0.97%
CVB Financial Corp.
0.97%
First Merchants Corp. (Indiana)
0.97%
Central Bancompany, Inc.
0.97%
First Financial Bancorp (Ohio)
0.97%
First Financial Bankshares, Inc.
0.96%
First Interstate BancSystem, Inc.
0.96%
International Bancshares Corp.
0.96%
Cathay General Bancorp
0.96%
Frequently asked questions about DESK and KBE
How have the DESK and KBE ETFs performed in 2026?
As of October 30, 2026, DESK is up 9.54% year-to-date (YTD), while KBE has returned 10.13%. That puts KBE better performer ahead so far this year.
Which ETF is attracting more investor money: DESK or KBE?
Year-to-date, the DESK ETF saw +$4M in flows, compared to +$103M for KBE.
Which ETF is more volatile: DESK or KBE?
Over the past year, DESK had a volatility of 20.78%, while KBE experienced 19.11%.
Which ETF is bigger: DESK or KBE?
As of October 30, 2026, DESK holds $5.79 M in assets under management (AUM), while KBE manages $1.50 B.
What sectors do the DESK and KBE ETFs invest in?
DESK leans toward sectors like Finance. Meanwhile, KBE focuses on Finance.
What are the top holdings of the DESK ETF and KBE ETF?
DESK top holdings include Cousins Properties, Inc., Vornado Realty Trust and BXP, Inc.. KBE holds in its top three: Stock Yards Bancorp, Inc., Trustmark Corp. and Simmons First National Corp..
Which ETF is more diversified: DESK or KBE?
DESK holds 25 securities with 91.06% of its assets in the top 15. KBE has 107 securities and a top 15 weight of 14.58%.
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Latest news about DESK & KBE
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March 11, 2024
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December 19, 2023
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Financials and Real Estate ETFs Witness Strong Rebound
November 7, 2023
KBE
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Regional Bank Stocks Rebound
July 24, 2023
KBE
Regional Bank Stocks Rebound
July 24, 2023
KBE
The Financials Sector Bounces Back
June 12, 2023
KBE
Rebound in Banking Stocks After Severe Losses Last Week
May 22, 2023
KBE
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