KBWBvsFRELETF Comparison
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Invesco KBW Bank ETF (KBWB) belongs to the US Financials segment. Fidelity MSCI Real Estate Index ETF (FREL) is part of the US Real Estate segment. KBWB's top 1 sector exposures are Finance. In contrast, FREL's top sector exposures are Finance and Technology. KBWB is more expensive with a Total Expense Ratio (TER) of 0.35%, versus 0.084% for FREL. KBWB is up 7.47% year-to-date (YTD) with +$548M in YTD flows. FREL performs worse with 6.42% YTD performance, and +$247M in YTD flows. Run a side-by-side ETF comparison of KBWB and FREL 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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KBWB vs FREL performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 10/28/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | KBWB FREL | +0.52%+1.39% | -7.67%-8.42% | +7.47%+6.42% | +18.26%+4.57% | +156.64%+43.68% | +41.88%+0.92% |
| Flows | KBWB FREL | +$447M-$38M | +$444M-$16M | +$548M+$247M | +$326M+$282M | +$3.36B+$286M | +$2.53B-$339M |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | KBWB FREL | +17.05%+12.62% | +19.92%+13.95% | +23.29%+16.49% | +26.08%+18.96% |
| Max drawdown | KBWB FREL | -13.82%-11.58% | -16.41%-11.58% | -25.42%-17.46% | -49.65%-34.35% |
| Max drawdown duration | KBWB FREL | 73d92d | 114d92d | 141d441d | 1043d1621d |
Trading data
KBWB | FREL | |
Last sale 10/29/2026 at 1:30 PM | $90.10 | $28.48 |
| Previous close 10/28/2026 | $89.16 | $27.85 |
| Consolidated volume 10/28/2026 | ||
| 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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KBWB | FREL | |
|---|---|---|
| Tracking error | ||
| Tracking difference | ||
| 1 year cumulative return difference | ||
| Best | ||
| Worst | ||
| Daily return difference | ||
| Average | ||
| Worst | ||
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Main metrics
Last update 10/29/2026 at 1:30 PM
Live
Closed
KBWB | FREL | |
|---|---|---|
| Last price | $90.10 | $28.48 |
| 1D performance | +1.05% | +2.26% |
| AuM | $6.71 B | $1.37 B |
| E/R | 0.35% | 0.084% |
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Exposure
Countries
KBWB
USA
99.98%
Other
0.02%
FREL
USA
99.78%
Other
0.22%
Sectors
KBWB
Finance
99.98%
Other
0.02%
FREL
Finance
98.65%
Other
1.35%
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Diversification
KBWB
Total weight of top 15 holdings out of 15
80.42%
FREL
Total weight of top 15 holdings out of 15
60%
Top 15 holdings
Data as of August 31, 2026
KBWB
Bank of America Corp.
8.61%
JPMorgan Chase & Co.
8.60%
Wells Fargo & Co.
7.96%
Morgan Stanley
7.50%
The Goldman Sachs Group, Inc.
7.37%
State Street Corp.
4.51%
The Bank of New York Mellon Corp.
4.23%
Capital One Financial Corp.
4.19%
U.S. Bancorp
4.13%
The PNC Financial Services Group, Inc.
4.00%
Fifth Third Bancorp
3.99%
M&T Bank Corp.
3.88%
Citigroup, Inc.
3.83%
Northern Trust Corp.
3.82%
Truist Financial Corp.
3.79%
FREL
Welltower, Inc.
9.53%
Prologis, Inc.
7.88%
Equinix, Inc.
5.51%
American Tower Corp.
4.58%
Simon Property Group, Inc.
4.44%
Digital Realty Trust, Inc.
4.02%
Realty Income Corp.
3.64%
Public Storage
3.42%
Equity Residential
3.09%
CBRE Group, Inc.
2.91%
Ventas, Inc.
2.74%
Iron Mountain, Inc.
2.27%
Crown Castle, Inc.
2.15%
Extra Space Storage, Inc.
1.99%
VICI Properties, Inc.
1.82%
Frequently asked questions about KBWB and FREL
How have the KBWB and FREL ETFs performed in 2026?
As of October 28, 2026, KBWB is up 7.47% year-to-date (YTD), while FREL has returned 6.42%. That puts KBWB better performer ahead so far this year.
Which ETF is attracting more investor money: KBWB or FREL?
Year-to-date, the KBWB ETF saw +$548M in flows, compared to +$247M for FREL.
Which ETF is more volatile: KBWB or FREL?
Over the past year, KBWB had a volatility of 19.92%, while FREL experienced 13.95%.
Which ETF is bigger: KBWB or FREL?
As of October 28, 2026, KBWB holds $6.71 B in assets under management (AUM), while FREL manages $1.37 B.
What sectors do the KBWB and FREL ETFs invest in?
KBWB leans toward sectors like Finance. Meanwhile, FREL focuses on Finance.
What are the top holdings of the KBWB ETF and FREL ETF?
KBWB top holdings include Bank of America Corp., JPMorgan Chase & Co. and Wells Fargo & Co.. FREL holds in its top three: Welltower, Inc., Prologis, Inc. and Equinix, Inc..
Which ETF is more diversified: KBWB or FREL?
KBWB holds 24 securities with 80.42% of its assets in the top 15. FREL has 118 securities and a top 15 weight of 60%.
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Latest news about KBWB & FREL
Two Ways to Get Real Estate Income with ETFs
August 2, 2024
FREL
Real Estate Sector Declines on Fed Minutes
May 27, 2024
FREL
Real Estate Sector Suffers Third Weekly Loss Amid Rising Treasury Yields
April 22, 2024
FREL
Financials Gain Momentum
March 25, 2024
KBWB
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Regional Bank Stocks Bounce Back After a Tough Start to the Year
March 11, 2024
KBWB
Regional Bank Stocks Bounce Back After a Tough Start to the Year
March 11, 2024
KBWB
Regional Bank Stocks Rally as Fed Signals Rate Cuts for 2024 Amid Slowing Inflation
December 19, 2023
KBWB
Real Estate Sector Gains Momentum After Dovish Fed Comments
December 19, 2023
FREL
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