KBWBvsXLFETF Comparison
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Invesco KBW Bank ETF (KBWB) and State Street Financial Select Sector SPDR ETF (XLF) belong to the same industry segment: US Financials. Both ETFs have the same top 3 sector exposures: and Financials. KBWB is more expensive with a Total Expense Ratio (TER) of 0.35%, versus 0.08% for XLF. KBWB is up 3.33% year-to-date (YTD) with -$756M in YTD flows. XLF performs worse with -4.69% YTD performance, and -$321M in YTD flows. Run a side-by-side ETF comparison of KBWB and XLF 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 XLF performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 05/22/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | KBWB XLF | -0.75%-0.52% | +4.63%+2.88% | +3.33%-4.69% | +36.42%+4.97% | +134.36%+66.80% | +44.65%+50.05% |
| Flows | KBWB XLF | -$84M-$1.83B | -$782M-$1.79B | -$756M-$321M | +$224M-$913M | +$2.03B+$3.07B | +$1.92B-$5.57B |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | KBWB XLF | +22.50%+14.69% | +20.09%+14.36% | +23.79%+16.00% | +26.53%+18.65% |
| Max drawdown | KBWB XLF | -11.91%-8.44% | -16.41%-14.79% | -25.42%-15.51% | -49.65%-25.84% |
| Max drawdown duration | KBWB XLF | 43d49d | 102d136d | 141d116d | 1043d770d |
Trading data
KBWB | XLF | |
Last sale 5/22/2026 at 1:30 PM | $86.53 | $51.94 |
| Previous close 05/22/2026 | $86.10 | $51.73 |
| Consolidated volume 05/22/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
Replication quality
Data as of April 30, 2026
1-year trailing difference
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KBWB | XLF | |
|---|---|---|
| Tracking error | ||
| Tracking difference | ||
| 1 year cumulative return difference | ||
| Best | ||
| Worst | ||
| Daily return difference | ||
| Average | ||
| Worst | ||
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Main metrics
Last update 5/22/2026 at 1:30 PM
Live
Closed
KBWB | XLF | |
|---|---|---|
| Last price | $86.53 | $51.94 |
| 1D performance | +0.50% | +0.41% |
| AuM | $5.28 B | $49.96 B |
| E/R | 0.35% | 0.08% |
Characteristics
KBWB | XLF | |
|---|---|---|
| Management strategy | Passive | Passive |
| Provider | Invesco | State Street Investment Management |
| Benchmark | KBW Nasdaq Bank Index | S&P Financials Select Sector Index |
| N° of holdings | 24 | 75 |
| Asset class | Equities | Equities |
| Trailing 12m distribution yield | Join | Join |
| Inception date | November 1, 2011 | December 16, 1998 |
| ESG | No | No |
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Exposure
Countries
KBWB
USA
100%
Other
-0%
XLF
USA
95.93%
Other
4.07%
Sectors
KBWB
Financials
98.29%
Other
1.71%
XLF
Financials
82.37%
Information Techn.
15.19%
Other
2.44%
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Diversification
KBWB
Total weight of top 15 holdings out of 15
80.08%
XLF
Total weight of top 15 holdings out of 15
65.62%
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%
XLF
BERKSHIRE HATHWAY
12.46%
JPMORGAN CHASE
11.24%
VISA INCORPORATION
7.20%
MASTERCARD
5.77%
BK OF AMERICA CO
4.59%
THE GOLDMAN SACHS GROUP
3.60%
WELLS FARGO
3.49%
CITIGROUP
2.81%
MORGAN STANLEY
2.81%
AMERICAN EXPRESS
2.30%
CHARLES SCHWAB
2.23%
US09290D1019
1.97%
S&P GLOBAL INC
1.84%
CHUBB LTD
1.68%
PROGRESSIVE
1.65%
Frequently asked questions about KBWB and XLF
How have the KBWB and XLF ETFs performed in 2026?
As of May 22, 2026, KBWB is up 3.33% year-to-date (YTD), while XLF has lost -4.69%. That puts KBWB better performer ahead so far this year.
Which ETF is attracting more investor money: KBWB or XLF?
Year-to-date, the KBWB ETF saw -$756M in flows, compared to -$321M for XLF.
Which ETF is more volatile: KBWB or XLF?
Over the past year, KBWB had a volatility of 20.09%, while XLF experienced 14.36%.
Which ETF is bigger: KBWB or XLF?
As of May 22, 2026, KBWB holds $5.28 B in assets under management (AUM), while XLF manages $49.96 B.
What sectors do the KBWB and XLF ETFs invest in?
KBWB leans toward sectors like Financials. Meanwhile, XLF focuses on Financials and Information Technology.
What are the top holdings of the KBWB ETF and XLF ETF?
KBWB top holdings include MORGAN STANLEY, WELLS FARGO and BK OF AMERICA CO. XLF holds in its top three: BERKSHIRE HATHWAY, JPMORGAN CHASE and VISA INCORPORATION.
Which ETF is more diversified: KBWB or XLF?
KBWB holds 24 securities with 80.08% of its assets in the top 15. XLF has 76 securities and a top 15 weight of 65.62%.
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Latest news about KBWB & XLF
Investing in Sector ETFs: Financials and Real Estate
September 11, 2024
XLF
May 2024 U.S. Sector ETFs Inflows and Outflows Breakdown
May 22, 2024
XLF
Financials Gain Momentum
March 25, 2024
KBWB
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