KBWDvsKBEETF Comparison
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Invesco KBW High Dividend Yield Financial ETF (KBWD) and State Street SPDR S&P Bank ETF (KBE) belong to the same industry segment: US Financials. Both ETFs have the same top 1 sector exposures: Finance. KBWD is more expensive with a Total Expense Ratio (TER) of 5.39%, versus 0.35% for KBE. KBWD is up 0.15% year-to-date (YTD) with +$31M in YTD flows. KBE performs better with 12.99% YTD performance, and +$171M in YTD flows. Run a side-by-side ETF comparison of KBWD and KBE 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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KBWD vs KBE performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 08/31/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | KBWD KBE | +5.39%-2.62% | +3.19%+9.05% | +0.15%+12.99% | +1.12%+14.63% | +13.62%+88.16% | +7.94%+49.28% |
| Flows | KBWD KBE | -$9M+$16M | -$12M+$161M | +$31M+$171M | +$38M-$142M | +$132M-$366M | +$170M-$1.56B |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | KBWD KBE | +16.31%+17.09% | +15.90%+20.43% | +18.11%+25.12% | +19.72%+27.10% |
| Max drawdown | KBWD KBE | -4.85%-5.36% | -15.03%-14.61% | -19.76%-25.95% | -30.72%-45.30% |
| Max drawdown duration | KBWD KBE | 21d15d | 224d134d | 321d282d | 980d1002d |
Trading data
KBWD | KBE | |
Last sale 9/1/2026 at 1:30 PM | $12.35 | $66.95 |
| Previous close 08/31/2026 | $12.51 | $67.81 |
| Consolidated volume 08/31/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
Replication quality
Data as of August 31, 2026
1-year trailing difference
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KBWD | KBE | |
|---|---|---|
| Tracking error | ||
| Tracking difference | ||
| 1 year cumulative return difference | ||
| Best | ||
| Worst | ||
| Daily return difference | ||
| Average | ||
| Worst | ||
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Main metrics
Last update 9/1/2026 at 1:30 PM
Live
Closed
KBWD | KBE | |
|---|---|---|
| Last price | $12.35 | $66.95 |
| 1D performance | -1.29% | -1.27% |
| AuM | $413.29 M | $1.62 B |
| E/R | 5.39% | 0.35% |
Characteristics
KBWD | KBE | |
|---|---|---|
| Management strategy | Passive | Passive |
| Provider | Invesco | State Street Investment Management |
| Benchmark | KBW Nasdaq Financial Sector Dividend Yield Index | S&P Banks Select Industry Index |
| N° of holdings | 39 | 103 |
| Asset class | Equities | Equities |
| Trailing 12m distribution yield | Join | Join |
| Inception date | December 2, 2010 | November 8, 2005 |
| ESG | No | No |
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Exposure
Countries
KBWD
USA
100%
Other
-0%
KBE
USA
95.9%
Other
4.1%
Sectors
KBWD
Finance
100%
Other
-0%
KBE
Finance
99.88%
Other
0.12%
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Diversification
KBWD
Total weight of top 15 holdings out of 15
50.77%
KBE
Total weight of top 15 holdings out of 15
15.92%
Top 15 holdings
Data as of July 31, 2026
KBWD
Invesco Mortgage Capital, Inc.
4.07%
Orchid Island Capital, Inc.
4.06%
ARMOUR Residential REIT, Inc.
3.80%
FS KKR Capital Corp.
3.64%
Dynex Capital, Inc.
3.64%
AGNC Investment Corp.
3.47%
MFA Financial, Inc.
3.43%
PennyMac Mortgage Investment Trust
3.38%
Goldman Sachs BDC, Inc.
3.38%
Annaly Capital Management, Inc.
3.25%
PennantPark Floating Rate Capital Ltd.
3.07%
Trinity Capital, Inc.
3.05%
Carlyle Secured Lending, Inc
2.94%
The Western Union Co.
2.82%
Redwood Trust, Inc.
2.76%
KBE
The Bancorp, Inc. (Delaware)
1.12%
NMI Holdings, Inc.
1.09%
Park National Corp.
1.08%
Nicolet Bankshares, Inc.
1.08%
First BanCorp (Puerto Rico)
1.07%
MGIC Investment Corp.
1.07%
WesBanco, Inc.
1.06%
Cullen/Frost Bankers, Inc.
1.05%
Axos Financial, Inc.
1.05%
Corebridge Financial, Inc.
1.05%
Jackson Financial, Inc.
1.05%
JPMorgan Chase & Co.
1.04%
Bank of America Corp.
1.04%
Pinnacle Financial Partners, Inc.
1.03%
Equitable Holdings, Inc.
1.03%
Frequently asked questions about KBWD and KBE
How have the KBWD and KBE ETFs performed in 2026?
As of August 31, 2026, KBWD is up 0.15% year-to-date (YTD), while KBE has returned 12.99%. That puts KBE better performer ahead so far this year.
Which ETF is attracting more investor money: KBWD or KBE?
Year-to-date, the KBWD ETF saw +$31M in flows, compared to +$171M for KBE.
Which ETF is more volatile: KBWD or KBE?
Over the past year, KBWD had a volatility of 15.9%, while KBE experienced 20.43%.
Which ETF is bigger: KBWD or KBE?
As of August 31, 2026, KBWD holds $413.29 M in assets under management (AUM), while KBE manages $1.62 B.
What sectors do the KBWD and KBE ETFs invest in?
KBWD leans toward sectors like Finance. Meanwhile, KBE focuses on Finance.
What are the top holdings of the KBWD ETF and KBE ETF?
KBWD top holdings include Invesco Mortgage Capital, Inc., Orchid Island Capital, Inc. and ARMOUR Residential REIT, Inc.. KBE holds in its top three: The Bancorp, Inc. (Delaware), NMI Holdings, Inc. and Park National Corp..
Which ETF is more diversified: KBWD or KBE?
KBWD holds 39 securities with 50.77% of its assets in the top 15. KBE has 103 securities and a top 15 weight of 15.92%.
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Latest news about KBWD & KBE
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KBE
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November 7, 2023
KBE
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July 24, 2023
KBE
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June 12, 2023
KBE
The Financials Sector Bounces Back
June 12, 2023
KBE
Rebound in Banking Stocks After Severe Losses Last Week
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KBE
Contagion from Silicon Valley Bank Causes Rout in Regional Bank ETFs
March 10, 2023
KBE
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