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 5.52% year-to-date (YTD) with -$718M in YTD flows. KBE performs better with 13.91% YTD performance, and +$117M 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 09/08/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | XLF KBE | -0.92%-2.22% | +10.58%+7.10% | +5.52%+13.91% | +9.58%+14.42% | +75.01%+94.20% | +65.51%+54.48% |
| Flows | XLF KBE | -$3.74B-$301M | +$370M+$63M | -$718M+$117M | -$3.41B-$130M | +$904M-$671M | -$3.48B-$1.65B |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | XLF KBE | +13.02%+16.27% | +14.54%+20.53% | +16.11%+25.08% | +18.44%+27.13% |
| Max drawdown | XLF KBE | -2.28%-6.56% | -14.79%-14.61% | -15.51%-25.95% | -25.84%-45.30% |
| Max drawdown duration | XLF KBE | 11d23d | 177d134d | 116d282d | 770d1002d |
Trading data
XLF | KBE | |
Last sale 9/9/2026 at 3:08 PM | $57.15 | $67.90 |
| Previous close 09/08/2026 | $57.30 | $68.40 |
| Consolidated volume 09/08/2026 | ||
| 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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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 9/9/2026 at 3:08 PM
Live
Closed
XLF | KBE | |
|---|---|---|
| Last price | $57.15 | $67.90 |
| 1D performance | -0.26% | -0.73% |
| AuM | $54.74 B | $1.58 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
96.29%
Other
3.71%
KBE
USA
95.9%
Other
4.1%
Sectors
XLF
Finance
95.61%
Other
4.39%
KBE
Finance
99.88%
Other
0.12%
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Diversification
XLF
Total weight of top 15 holdings out of 15
65.74%
KBE
Total weight of top 15 holdings out of 15
15.92%
Top 15 holdings
Data as of July 31, 2026
XLF
JPMorgan Chase & Co.
11.72%
Berkshire Hathaway, Inc.
11.66%
Visa, Inc.
7.56%
Mastercard, Inc.
5.75%
Bank of America Corp.
5.03%
The Goldman Sachs Group, Inc.
3.74%
Wells Fargo & Co.
3.29%
Morgan Stanley
3.14%
Citigroup, Inc.
2.79%
American Express Co.
2.23%
The Charles Schwab Corp.
2.14%
BlackRock, Inc.
1.96%
Capital One Financial Corp.
1.62%
Chubb Ltd.
1.57%
S&P Global, Inc.
1.55%
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 XLF and KBE
How have the XLF and KBE ETFs performed in 2026?
As of September 8, 2026, XLF is up 5.52% year-to-date (YTD), while KBE has returned 13.91%. 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 -$718M in flows, compared to +$117M for KBE.
Which ETF is more volatile: XLF or KBE?
Over the past year, XLF had a volatility of 14.54%, while KBE experienced 20.53%.
Which ETF is bigger: XLF or KBE?
As of September 8, 2026, XLF holds $54.74 B in assets under management (AUM), while KBE manages $1.58 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 JPMorgan Chase & Co., Berkshire Hathaway, Inc. and Visa, Inc.. KBE holds in its top three: The Bancorp, Inc. (Delaware), NMI Holdings, Inc. and Park National Corp..
Which ETF is more diversified: XLF or KBE?
XLF holds 76 securities with 65.74% 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 XLF & KBE
The Weekly ETF Market Monitor (August 24-28, 2026)
August 31, 2026
XLF
The Weekly ETF Market Monitor (August 17-21, 2026)
August 24, 2026
XLF
Investing in Sector ETFs: Financials and Real Estate
September 11, 2024
XLF
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May 2024 U.S. Sector ETFs Inflows and Outflows Breakdown
May 22, 2024
XLF
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