XLFvsKBWBETF Comparison
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State Street Financial Select Sector SPDR ETF (XLF) and Invesco KBW Bank ETF (KBWB) belong to the same industry segment: US Financials. XLF's top 3 sector exposures are Financials and Information Technology. In contrast, KBWB's top sector exposures are Financials XLF is less expensive with a Total Expense Ratio (TER) of 0.08%, versus 0.35% for KBWB. XLF is down -5% year-to-date (YTD) with -$129M in YTD flows. KBWB performs better with 2.83% YTD performance, and -$747M in YTD flows. Run a side-by-side ETF comparison of XLF and KBWB 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 KBWB performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 05/21/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | XLF KBWB | -1.01%-1.74% | +2.55%+4.12% | -5.00%+2.83% | +4.51%+36.38% | +66.26%+133.22% | +50.27%+44.41% |
| Flows | XLF KBWB | -$1.49B-$75M | -$1.59B-$773M | -$129M-$747M | -$650M+$228M | +$3.27B+$2.04B | -$5.59B+$1.92B |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | XLF KBWB | +14.80%+22.67% | +14.36%+20.09% | +16.01%+23.81% | +18.65%+26.53% |
| Max drawdown | XLF KBWB | -8.44%-11.91% | -14.79%-16.41% | -15.51%-25.42% | -25.84%-49.65% |
| Max drawdown duration | XLF KBWB | 49d43d | 135d101d | 116d141d | 770d1043d |
Trading data
XLF | KBWB | |
Last sale 5/22/2026 at 5:39 PM | $52.10 | $86.89 |
| Previous close 05/21/2026 | $51.73 | $86.10 |
| Consolidated volume 05/21/2026 | ||
| 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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XLF | KBWB | |
|---|---|---|
| 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 5:39 PM
Live
Closed
XLF | KBWB | |
|---|---|---|
| Last price | $52.10 | $86.89 |
| 1D performance | +0.72% | +0.92% |
| AuM | $49.99 B | $5.26 B |
| E/R | 0.08% | 0.35% |
Characteristics
XLF | KBWB | |
|---|---|---|
| Management strategy | Passive | Passive |
| Provider | State Street Investment Management | Invesco |
| Benchmark | S&P Financials Select Sector Index | KBW Nasdaq Bank Index |
| N° of holdings | 75 | 24 |
| Asset class | Equities | Equities |
| Trailing 12m distribution yield | Join | Join |
| Inception date | December 16, 1998 | November 1, 2011 |
| ESG | No | No |
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Exposure
Countries
XLF
USA
95.93%
Other
4.07%
KBWB
USA
100%
Other
-0%
Sectors
XLF
Financials
82.37%
Information Techn.
15.19%
Other
2.44%
KBWB
Financials
98.29%
Other
1.71%
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Diversification
XLF
Total weight of top 15 holdings out of 15
65.62%
KBWB
Total weight of top 15 holdings out of 15
80.08%
Top 15 holdings
Data as of March 31, 2026
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%
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%
Frequently asked questions about XLF and KBWB
How have the XLF and KBWB ETFs performed in 2026?
As of May 21, 2026, XLF is down -5% year-to-date (YTD), while KBWB has returned 2.83%. That puts KBWB better performer ahead so far this year.
Which ETF is attracting more investor money: XLF or KBWB?
Year-to-date, the XLF ETF saw -$129M in flows, compared to -$747M for KBWB.
Which ETF is more volatile: XLF or KBWB?
Over the past year, XLF had a volatility of 14.36%, while KBWB experienced 20.09%.
Which ETF is bigger: XLF or KBWB?
As of May 21, 2026, XLF holds $49.99 B in assets under management (AUM), while KBWB manages $5.26 B.
What sectors do the XLF and KBWB ETFs invest in?
XLF leans toward sectors like Financials and Information Technology. Meanwhile, KBWB focuses on Financials.
What are the top holdings of the XLF ETF and KBWB ETF?
XLF top holdings include BERKSHIRE HATHWAY, JPMORGAN CHASE and VISA INCORPORATION. KBWB holds in its top three: MORGAN STANLEY, WELLS FARGO and BK OF AMERICA CO.
Which ETF is more diversified: XLF or KBWB?
XLF holds 76 securities with 65.62% of its assets in the top 15. KBWB has 24 securities and a top 15 weight of 80.08%.
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Latest news about XLF & KBWB
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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