FXOvsKBWBETF Comparison
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First Trust Financials AlphaDEX Fund ETF (FXO) and Invesco KBW Bank ETF (KBWB) belong to the same industry segment: US Financials. Both ETFs have the same top 3 sector exposures: and Financials. FXO is more expensive with a Total Expense Ratio (TER) of 0.6%, versus 0.35% for KBWB. FXO is up 0.3% year-to-date (YTD) with -$1.03B in YTD flows. KBWB performs better with 2.49% YTD performance, and -$593M in YTD flows. Run a side-by-side ETF comparison of FXO and KBWB 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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FXO vs KBWB performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 04/23/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | FXO KBWB | +7.82%+9.19% | +0.13%+1.45% | +0.30%+2.49% | +22.98%+45.74% | +70.02%+121.20% | +55.58%+53.43% |
| Flows | FXO KBWB | -$40M+$125M | -$1.00B-$677M | -$1.03B-$593M | -$1.22B+$363M | -$376M+$2.24B | -$172M+$2.07B |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | FXO KBWB | +16.94%+25.09% | +16.18%+20.51% | +20.11%+24.46% | +22.40%+26.54% |
| Max drawdown | FXO KBWB | -11.66%-16.41% | -11.66%-16.41% | -21.21%-25.42% | -29.07%-49.65% |
| Max drawdown duration | FXO KBWB | 74d74d | 74d74d | 260d141d | 798d1043d |
Trading data
FXO | KBWB | |
Last sale 4/24/2026 at 1:30 PM | $59.48 | $85.78 |
| Previous close 04/23/2026 | $60.00 | $86.97 |
| Consolidated volume 04/23/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
Replication quality
Data as of March 31, 2026
1-year trailing difference
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FXO | KBWB | |
|---|---|---|
| Tracking error | ||
| Tracking difference | ||
| 1 year cumulative return difference | ||
| Best | ||
| Worst | ||
| Daily return difference | ||
| Average | ||
| Worst | ||
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Main metrics
Last update 4/24/2026 at 1:30 PM
Live
Closed
FXO | KBWB | |
|---|---|---|
| Last price | $59.48 | $85.78 |
| 1D performance | -0.87% | -1.37% |
| AuM | $1.09 B | $5.40 B |
| E/R | 0.6% | 0.35% |
Characteristics
FXO | KBWB | |
|---|---|---|
| Management strategy | Passive | Passive |
| Provider | First Trust | Invesco |
| Benchmark | StrataQuant Financials Index | KBW Nasdaq Bank Index |
| N° of holdings | 101 | 24 |
| Asset class | Equities | Equities |
| Trailing 12m distribution yield | Join | Join |
| Inception date | May 8, 2007 | November 1, 2011 |
| ESG | No | No |
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Exposure
Countries
FXO
USA
84.11%
Bermuda
8.89%
Other
7%
KBWB
USA
100%
Other
-0%
Sectors
FXO
Financials
95.88%
Other
4.12%
KBWB
Financials
98.29%
Other
1.71%
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Diversification
FXO
Total weight of top 15 holdings out of 15
25.78%
KBWB
Total weight of top 15 holdings out of 15
80.08%
Top 15 holdings
Data as of March 31, 2026
FXO
RENAISSANCERE
1.88%
BANK OF NEW YORK MELLON
1.86%
VIRTU FINANCIL/D
1.81%
BANK OZK
1.79%
ARCH CAPITAL GROUP
1.78%
CITIGROUP
1.76%
ALLSTATE
1.75%
FIRST AMERICAN FINANCIAL
1.72%
SEI INVESTMENTS
1.70%
AXIS CAPITAL HOLDINGS
1.66%
INVESCO
1.65%
BRIGHTHOUSE FINANCIAL
1.64%
MGIC INVESTMENT
1.60%
ASSURED GUARANTY
1.60%
AMERICAN INTERNATIONAL GROUP
1.58%
KBWB
MORGAN STANLEY
8.13%
WELLS FARGO
8.10%
BK OF AMERICA CO
8.06%
JPMORGAN CHASE
8.05%
THE GOLDMAN SACHS GROUP
7.99%
CITIGROUP
4.17%
BANK OF NEW YORK MELLON
4.12%
PNC FINL SVC
4.07%
STATE STREET
4.07%
US
3.98%
M&T BANK
3.96%
TRUIST FINANCIAL CORP
3.86%
FIFTH THIRD BANCORP
3.85%
CAPITAL ONE FINANCIAL
3.85%
HUNTINGTON BANCSHARES
3.84%
Frequently asked questions about FXO and KBWB
How have the FXO and KBWB ETFs performed in 2026?
As of April 23, 2026, FXO is up 0.3% year-to-date (YTD), while KBWB has returned 2.49%. That puts KBWB better performer ahead so far this year.
Which ETF is attracting more investor money: FXO or KBWB?
Year-to-date, the FXO ETF saw -$1.03B in flows, compared to -$593M for KBWB.
Which ETF is more volatile: FXO or KBWB?
Over the past year, FXO had a volatility of 16.18%, while KBWB experienced 20.51%.
Which ETF is bigger: FXO or KBWB?
As of April 23, 2026, FXO holds $1.09 B in assets under management (AUM), while KBWB manages $5.40 B.
What sectors do the FXO and KBWB ETFs invest in?
FXO leans toward sectors like Financials. Meanwhile, KBWB focuses on Financials.
What are the top holdings of the FXO ETF and KBWB ETF?
FXO top holdings include RENAISSANCERE, BANK OF NEW YORK MELLON and VIRTU FINANCIL/D. KBWB holds in its top three: MORGAN STANLEY, WELLS FARGO and BK OF AMERICA CO.
Which ETF is more diversified: FXO or KBWB?
FXO holds 103 securities with 25.78% of its assets in the top 15. KBWB has 24 securities and a top 15 weight of 80.08%.
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