KBEvsDESKETF Comparison
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State Street SPDR S&P Bank ETF (KBE) belongs to the US Financials segment. VanEck Office and Commercial REIT ETF (DESK) is part of the US Real Estate segment. Both ETFs have the same top 3 sector exposures: and Finance. KBE is less expensive with a Total Expense Ratio (TER) of 0.35%, versus 0.51% for DESK. KBE is up 15.51% year-to-date (YTD) with +$148M in YTD flows. DESK performs better with 20.86% YTD performance, and +$12M in YTD flows. Run a side-by-side ETF comparison of KBE and DESK 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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KBE vs DESK performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 07/22/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | KBE DESK | +5.14%+7.70% | +9.25%+21.12% | +15.51%+20.86% | +20.96%+13.64% | +83.15%n/a | +63.95%n/a |
| Flows | KBE DESK | +$78M+$11M | +$42M+$11M | +$148M+$12M | -$210M+$12M | -$545M- | -$1.52B- |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | KBE DESK | +18.85%+22.52% | +21.26%+20.83% | +25.36%n/a | +27.21%n/a |
| Max drawdown | KBE DESK | -4.71%-4.96% | -14.61%-25.01% | -25.95%n/a | -45.30%n/a |
| Max drawdown duration | KBE DESK | 33d16d | 134d285d | 282dn/a | 1002dn/a |
Trading data
KBE | DESK | |
Last sale 7/24/2026 at 1:30 PM | $69.36 | $43.14 |
| Previous close 07/23/2026 | $68.77 | $42.31 |
| Consolidated volume 07/23/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
Replication quality
Data as of June 30, 2026
1-year trailing difference
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KBE | DESK | |
|---|---|---|
| Tracking error | ||
| Tracking difference | ||
| 1 year cumulative return difference | ||
| Best | ||
| Worst | ||
| Daily return difference | ||
| Average | ||
| Worst | ||
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Main metrics
Last update 7/24/2026 at 1:30 PM
Live
Closed
KBE | DESK | |
|---|---|---|
| Last price | $69.36 | $43.14 |
| 1D performance | +0.86% | +1.97% |
| AuM | $1.64 B | $14.65 M |
| E/R | 0.35% | 0.51% |
Characteristics
KBE | DESK | |
|---|---|---|
| Management strategy | Passive | Passive |
| Provider | State Street Investment Management | VanEck |
| Benchmark | S&P Banks Select Industry Index | MarketVector US Listed Office and Commercial REITs Index |
| N° of holdings | 103 | 25 |
| Asset class | Equities | Equities |
| Trailing 12m distribution yield | Join | Join |
| Inception date | November 8, 2005 | September 19, 2023 |
| ESG | No | No |
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Exposure
Countries
KBE
USA
97.77%
Other
2.23%
DESK
USA
99.17%
Other
0.83%
Sectors
KBE
Finance
101.64%
Other
-1.64%
DESK
Finance
99.17%
Other
0.83%
Diversification
KBE
Total weight of top 15 holdings out of 15
15.8%
DESK
Total weight of top 15 holdings out of 15
83.95%
Top 15 holdings
Data as of June 30, 2026
KBE
Rocket Cos., Inc.
1.19%
Nicolet Bankshares, Inc.
1.09%
The Bancorp, Inc. (Delaware)
1.08%
NMI Holdings, Inc.
1.05%
Axos Financial, Inc.
1.05%
MGIC Investment Corp.
1.04%
Essent Group Ltd.
1.04%
Atlantic Union Bankshares Corp.
1.04%
WesBanco, Inc.
1.04%
PennyMac Financial Services, Inc.
1.03%
Eastern Bankshares, Inc.
1.03%
Radian Group Inc.
1.03%
Pinnacle Financial Partners, Inc.
1.03%
UMB Financial Corp.
1.03%
CVB Financial Corp.
1.03%
DESK
Vornado Realty Trust
10.12%
Cousins Properties, Inc.
10.08%
BXP, Inc.
9.98%
SL Green Realty Corp.
7.79%
Kilroy Realty Corp.
7.68%
COPT Defense Properties
4.72%
Highwoods Properties, Inc.
4.43%
Douglas Emmett, Inc.
4.21%
Simon Property Group, Inc.
4.14%
Realty Income Corp.
3.93%
Prologis, Inc.
3.66%
American Assets Trust, Inc.
3.46%
Piedmont Realty Trust, Inc.
3.42%
Easterly Government Properties, Inc.
3.31%
Alexander's, Inc.
3.03%
Frequently asked questions about KBE and DESK
How have the KBE and DESK ETFs performed in 2026?
As of July 22, 2026, KBE is up 15.51% year-to-date (YTD), while DESK has returned 20.86%. That puts DESK better performer ahead so far this year.
Which ETF is attracting more investor money: KBE or DESK?
Year-to-date, the KBE ETF saw +$148M in flows, compared to +$12M for DESK.
Which ETF is more volatile: KBE or DESK?
Over the past year, KBE had a volatility of 21.26%, while DESK experienced 20.83%.
Which ETF is bigger: KBE or DESK?
As of July 22, 2026, KBE holds $1.64 B in assets under management (AUM), while DESK manages $14.65 M.
What sectors do the KBE and DESK ETFs invest in?
KBE leans toward sectors like Finance. Meanwhile, DESK focuses on Finance.
What are the top holdings of the KBE ETF and DESK ETF?
KBE top holdings include Rocket Cos., Inc., Nicolet Bankshares, Inc. and The Bancorp, Inc. (Delaware). DESK holds in its top three: Vornado Realty Trust, Cousins Properties, Inc. and BXP, Inc..
Which ETF is more diversified: KBE or DESK?
KBE holds 103 securities with 15.8% of its assets in the top 15. DESK has 25 securities and a top 15 weight of 83.95%.
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