XLFvsKBEETF Comparison
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State Street Financial Select Sector SPDR ETF (XLF) and State Street SPDR S&P Bank ETF (KBE) belong to the same industry segment: US Financials. XLF's top 3 sector exposures are Finance, Technology and Business Services. In contrast, KBE's top sector exposures are Finance, XLF is less expensive with a Total Expense Ratio (TER) of 0.08%, versus 0.35% for KBE. XLF is up 3.21% year-to-date (YTD) with +$1.69B in YTD flows. KBE performs better with 15.51% YTD performance, and +$148M in YTD flows. Run a side-by-side ETF comparison of XLF 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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XLF vs KBE performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 07/22/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | XLF KBE | +4.41%+5.14% | +7.72%+9.25% | +3.21%+15.51% | +8.01%+20.96% | +64.96%+83.15% | +68.73%+63.95% |
| Flows | XLF KBE | +$1.99B+$78M | +$176M+$42M | +$1.69B+$148M | +$1.25B-$210M | +$1.62B-$545M | +$449M-$1.52B |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | XLF KBE | +13.08%+18.85% | +14.55%+21.26% | +16.07%+25.36% | +18.46%+27.21% |
| Max drawdown | XLF KBE | -2.61%-4.71% | -14.79%-14.61% | -15.51%-25.95% | -25.84%-45.30% |
| Max drawdown duration | XLF KBE | 43d33d | 177d134d | 116d282d | 770d1002d |
Trading data
XLF | KBE | |
Last sale 7/23/2026 at 1:30 PM | $55.83 | $68.77 |
| Previous close 07/23/2026 | $56.05 | $69.33 |
| 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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XLF | 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 7/23/2026 at 1:30 PM
Live
Closed
XLF | KBE | |
|---|---|---|
| Last price | $55.83 | $68.77 |
| 1D performance | -0.39% | -0.81% |
| AuM | $55.87 B | $1.64 B |
| E/R | 0.08% | 0.35% |
Characteristics
XLF | KBE | |
|---|---|---|
| Management strategy | Passive | Passive |
| Provider | State Street Investment Management | State Street Investment Management |
| Benchmark | S&P Financials Select Sector Index | S&P Banks Select Industry Index |
| N° of holdings | 76 | 103 |
| Asset class | Equities | Equities |
| Trailing 12m distribution yield | Join | Join |
| Inception date | December 16, 1998 | November 8, 2005 |
| ESG | No | No |
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Exposure
Countries
XLF
USA
96.95%
Other
3.05%
KBE
USA
97.77%
Other
2.23%
Sectors
XLF
Finance
96.22%
Other
3.78%
KBE
Finance
101.64%
Other
-1.64%
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Diversification
XLF
Total weight of top 15 holdings out of 15
66.77%
KBE
Total weight of top 15 holdings out of 15
15.8%
Top 15 holdings
Data as of June 30, 2026
XLF
Berkshire Hathaway, Inc.
12.16%
JPMorgan Chase & Co.
11.63%
Visa, Inc.
7.55%
Mastercard, Inc.
5.49%
Bank of America Corp.
4.93%
The Goldman Sachs Group, Inc.
3.95%
Wells Fargo & Co.
3.35%
Morgan Stanley
3.32%
Citigroup, Inc.
3.16%
American Express Co.
2.39%
The Charles Schwab Corp.
2.00%
BlackRock, Inc.
1.84%
Progressive Corp.
1.69%
Capital One Financial Corp.
1.66%
S&P Global, Inc.
1.64%
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%
Frequently asked questions about XLF and KBE
How have the XLF and KBE ETFs performed in 2026?
As of July 22, 2026, XLF is up 3.21% year-to-date (YTD), while KBE has returned 15.51%. That puts KBE better performer ahead so far this year.
Which ETF is attracting more investor money: XLF or KBE?
Year-to-date, the XLF ETF saw +$1.69B in flows, compared to +$148M for KBE.
Which ETF is more volatile: XLF or KBE?
Over the past year, XLF had a volatility of 14.55%, while KBE experienced 21.26%.
Which ETF is bigger: XLF or KBE?
As of July 22, 2026, XLF holds $55.87 B in assets under management (AUM), while KBE manages $1.64 B.
What sectors do the XLF and KBE ETFs invest in?
XLF leans toward sectors like Finance. Meanwhile, KBE focuses on Finance.
What are the top holdings of the XLF ETF and KBE ETF?
XLF top holdings include Berkshire Hathaway, Inc., JPMorgan Chase & Co. and Visa, Inc.. KBE holds in its top three: Rocket Cos., Inc., Nicolet Bankshares, Inc. and The Bancorp, Inc. (Delaware).
Which ETF is more diversified: XLF or KBE?
XLF holds 76 securities with 66.77% of its assets in the top 15. KBE has 103 securities and a top 15 weight of 15.8%.
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Latest news about XLF & KBE
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