KBWBvsFXOETF Comparison
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Invesco KBW Bank ETF (KBWB) and First Trust Financials AlphaDEX Fund ETF (FXO) belong to the same industry segment: US Financials. Both ETFs have the same top 3 sector exposures: and Financials. KBWB is less expensive with a Total Expense Ratio (TER) of 0.35%, versus 0.6% for FXO. KBWB is up 2.74% year-to-date (YTD) with -$586M in YTD flows. FXO performs worse with 0.51% YTD performance, and -$1.05B in YTD flows. Run a side-by-side ETF comparison of KBWB and FXO 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 FXO performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 04/29/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | KBWB FXO | +12.65%+9.44% | +0.38%+0.09% | +2.74%+0.51% | +44.88%+21.16% | +128.91%+72.43% | +48.22%+54.17% |
| Flows | KBWB FXO | +$154M-$41M | -$649M-$1.04B | -$586M-$1.05B | +$355M-$1.22B | +$2.24B-$389M | +$2.02B-$174M |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | KBWB FXO | +25.11%+17.06% | +20.55%+16.12% | +24.36%+20.00% | +26.53%+22.41% |
| Max drawdown | KBWB FXO | -16.41%-11.66% | -16.41%-11.66% | -25.42%-21.21% | -49.65%-29.07% |
| Max drawdown duration | KBWB FXO | 79d79d | 79d79d | 141d260d | 1043d798d |
Trading data
KBWB | FXO | |
Last sale 4/30/2026 at 4:49 PM | $87.21 | $59.57 |
| Previous close 04/29/2026 | $86.03 | $59.47 |
| Consolidated volume 04/29/2026 | ||
| 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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KBWB | FXO | |
|---|---|---|
| Tracking error | ||
| Tracking difference | ||
| 1 year cumulative return difference | ||
| Best | ||
| Worst | ||
| Daily return difference | ||
| Average | ||
| Worst | ||
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Main metrics
Last update 4/30/2026 at 4:49 PM
Live
Closed
KBWB | FXO | |
|---|---|---|
| Last price | $87.21 | $59.57 |
| 1D performance | +1.37% | +0.16% |
| AuM | $5.42 B | $1.08 B |
| E/R | 0.35% | 0.6% |
Characteristics
KBWB | FXO | |
|---|---|---|
| Management strategy | Passive | Passive |
| Provider | Invesco | First Trust |
| Benchmark | KBW Nasdaq Bank Index | StrataQuant Financials Index |
| N° of holdings | 24 | 101 |
| Asset class | Equities | Equities |
| Trailing 12m distribution yield | Join | Join |
| Inception date | November 1, 2011 | May 8, 2007 |
| ESG | No | No |
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Exposure
Countries
KBWB
USA
100%
Other
-0%
FXO
USA
84.11%
Bermuda
8.89%
Other
7%
Sectors
KBWB
Financials
98.29%
Other
1.71%
FXO
Financials
95.88%
Other
4.12%
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Diversification
KBWB
Total weight of top 15 holdings out of 15
80.08%
FXO
Total weight of top 15 holdings out of 15
25.78%
Top 15 holdings
Data as of March 31, 2026
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%
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%
Frequently asked questions about KBWB and FXO
How have the KBWB and FXO ETFs performed in 2026?
As of April 29, 2026, KBWB is up 2.74% year-to-date (YTD), while FXO has returned 0.51%. That puts KBWB better performer ahead so far this year.
Which ETF is attracting more investor money: KBWB or FXO?
Year-to-date, the KBWB ETF saw -$586M in flows, compared to -$1.05B for FXO.
Which ETF is more volatile: KBWB or FXO?
Over the past year, KBWB had a volatility of 20.55%, while FXO experienced 16.12%.
Which ETF is bigger: KBWB or FXO?
As of April 29, 2026, KBWB holds $5.42 B in assets under management (AUM), while FXO manages $1.08 B.
What sectors do the KBWB and FXO ETFs invest in?
KBWB leans toward sectors like Financials. Meanwhile, FXO focuses on Financials.
What are the top holdings of the KBWB ETF and FXO ETF?
KBWB top holdings include MORGAN STANLEY, WELLS FARGO and BK OF AMERICA CO. FXO holds in its top three: RENAISSANCERE, BANK OF NEW YORK MELLON and VIRTU FINANCIL/D.
Which ETF is more diversified: KBWB or FXO?
KBWB holds 24 securities with 80.08% of its assets in the top 15. FXO has 103 securities and a top 15 weight of 25.78%.
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