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 8.14% year-to-date (YTD) with +$5M in YTD flows. KBE performs better with 13.19% YTD performance, and +$164M 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 09/15/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | DESK KBE | -5.37%-4.38% | -4.91%+3.39% | +8.14%+13.19% | -6.66%+15.05% | +33.66%+91.20% | n/a+53.55% |
| Flows | DESK KBE | -$2M-$106M | +$4M+$92M | +$5M+$164M | +$5M-$45M | +$7M-$626M | --$1.63B |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | DESK KBE | +20.04%+15.59% | +20.13%+20.51% | +25.34%+25.05% | n/a+27.09% |
| Max drawdown | DESK KBE | -11.33%-6.56% | -24.99%-14.61% | -28.62%-25.95% | n/a-45.30% |
| Max drawdown duration | DESK KBE | 61d30d | 283d134d | 695d282d | n/a1002d |
Trading data
DESK | KBE | |
Last sale 9/15/2026 at 1:30 PM | $38.55 | $66.79 |
| Previous close 09/15/2026 | $38.77 | $67.95 |
| Consolidated volume 09/15/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
Replication quality
Data as of August 31, 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 9/15/2026 at 1:30 PM
Live
Closed
DESK | KBE | |
|---|---|---|
| Last price | $38.55 | $66.79 |
| 1D performance | -0.56% | -1.71% |
| AuM | $6.55 M | $1.62 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 | 103 |
| 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
100.01%
Other
-0.01%
KBE
USA
95.9%
Other
4.1%
Sectors
DESK
Finance
100.01%
Other
-0.01%
KBE
Finance
99.88%
Other
0.12%
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Diversification
DESK
Total weight of top 15 holdings out of 15
85.28%
KBE
Total weight of top 15 holdings out of 15
15.92%
Top 15 holdings
Data as of July 31, 2026
DESK
Cousins Properties, Inc.
10.47%
BXP, Inc.
10.41%
Vornado Realty Trust
10.01%
SL Green Realty Corp.
7.86%
Kilroy Realty Corp.
7.85%
COPT Defense Properties
4.86%
Highwoods Properties, Inc.
4.80%
Simon Property Group, Inc.
4.19%
Douglas Emmett, Inc.
4.16%
Realty Income Corp.
4.00%
Prologis, Inc.
3.87%
Piedmont Realty Trust, Inc.
3.57%
American Assets Trust, Inc.
3.27%
Easterly Government Properties, Inc.
3.19%
Alexander's, Inc.
2.78%
KBE
The Bancorp, Inc. (Delaware)
1.12%
NMI Holdings, Inc.
1.09%
Park National Corp.
1.08%
Nicolet Bankshares, Inc.
1.08%
First BanCorp (Puerto Rico)
1.07%
MGIC Investment Corp.
1.07%
WesBanco, Inc.
1.06%
Cullen/Frost Bankers, Inc.
1.05%
Axos Financial, Inc.
1.05%
Corebridge Financial, Inc.
1.05%
Jackson Financial, Inc.
1.05%
JPMorgan Chase & Co.
1.04%
Bank of America Corp.
1.04%
Pinnacle Financial Partners, Inc.
1.03%
Equitable Holdings, Inc.
1.03%
Frequently asked questions about DESK and KBE
How have the DESK and KBE ETFs performed in 2026?
As of September 15, 2026, DESK is up 8.14% year-to-date (YTD), while KBE has returned 13.19%. 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 +$5M in flows, compared to +$164M for KBE.
Which ETF is more volatile: DESK or KBE?
Over the past year, DESK had a volatility of 20.13%, while KBE experienced 20.51%.
Which ETF is bigger: DESK or KBE?
As of September 15, 2026, DESK holds $6.55 M in assets under management (AUM), while KBE manages $1.62 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., BXP, Inc. and Vornado Realty Trust. KBE holds in its top three: The Bancorp, Inc. (Delaware), NMI Holdings, Inc. and Park National Corp..
Which ETF is more diversified: DESK or KBE?
DESK holds 25 securities with 85.28% of its assets in the top 15. KBE has 103 securities and a top 15 weight of 15.92%.
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Latest news about DESK & KBE
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August 21, 2025
DESK
Regional Bank Stocks Bounce Back After a Tough Start to the Year
March 11, 2024
KBE
Regional Bank Stocks Rally as Fed Signals Rate Cuts for 2024 Amid Slowing Inflation
December 19, 2023
KBE
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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