DES vs KBE: Holdings Overlap
DESWisdomTree U.S. SmallCap Dividend Fund
WisdomTree · 530 holdings · $2.2B · as of 2026-03-31
KBEState Street® SPDR® S&P® Bank ETF
State Street (SPDR) · 102 holdings · $1.7B · as of 2026-08-06
Holdings snapshots are 128 days apart (DES: 2026-03-31, KBE: 2026-08-06). Weights and index membership change between snapshots, so the true current overlap is typically higher than shown. For funds tracking the same index, the gap can be 5–15 points.
How similar are DES and KBE?
WisdomTree U.S. SmallCap Dividend Fund (DES, by WisdomTree) holds 530 positions; State Street® SPDR® S&P® Bank ETF (KBE, by State Street (SPDR)) holds 102. They have 41 holdings in common, and by portfolio weight the two funds are 11.7% identical. In practical terms the pair is lightly overlapping, with most of each portfolio distinct.
- Overlap by Weight
- 11.7%Sum of the smaller weight of each shared holding
- Shared Holdings
- 41DES holds 530 · KBE holds 102
- Weight in Shared Holdings
- DES 12%·KBE 39%Share of each fund's weight in stocks both funds own
Based on each fund's latest official holdings. How is this calculated?
What makes each fund different
Only in DES
489 of 530 positions (88.1% of the fund) are not held by KBE. Showing the top 30 by weight.
Only in KBE
61 of 102 positions (60.1% of the fund) are not held by DES. Showing the top 30 by weight.
Sector Breakdown
| Sector | DES | KBE |
|---|---|---|
| Financials | 23.2% | 98.9% |
| Consumer Discretionary | 13.8% | 0.0% |
| Industrials | 13.1% | 0.0% |
| Energy | 11.3% | 0.0% |
| Real Estate | 9.4% | 0.0% |
| Other Sectors | 24.7% | 0.0% |
| Unclassified | 4.2% | 0.0% |
Share of each fund's portfolio weight by GICS-style sector, compiled from issuer fund data and our own classification of the holdings, not the issuers' published sector charts. “Unclassified” is weight we could not classify (4% of DES, 0% of KBE).
Performance
| Fund | 1M | YTD | 1Y | 3Y (ann.) | 5Y (ann.) | 10Y (ann.) | Yield |
|---|---|---|---|---|---|---|---|
| DES | +3.2% | +24.6% | +33.0% | +13.6% | +8.4% | +8.2% | 2.22% |
| KBE | +1.8% | +16.6% | +29.1% | +21.5% | +9.2% | +10.6% | 2.10% |
Total returns including dividends, from adjusted daily closes as of 2026-08-07. 3Y/5Y/10Y are annualized. Yield is trailing-12-month distributions over the last close. Past performance does not predict future results.
Project the growth of $10,000 in DES vs KBE →
Shared Holdings(41)
The top 10 shared positions account for 41% of the overlap, led by PFS, FIBK and FBP.
 PFSProvident Financial Services Inc. COM | 0.65% | 0.97% | 0.65% |
|---|---|---|---|
 FIBKFirst Interstate BancSystem, Inc., Class A | 0.64% | 0.94% | 0.64% |
 FBPFirst Bancorp Puerto Rico COM USD1 | 0.58% | 1.07% | 0.58% |
 ASBAssociated Banc-Corp COM | 0.50% | 0.99% | 0.50% |
 WSBCWesbanco Inc COM | 0.47% | 1.06% | 0.47% |
 FULTFulton Financial Corporation COM | 0.44% | 0.98% | 0.44% |
 EBCEastern Bankshares Inc COM | 0.40% | 1.02% | 0.40% |
 FHBFirst Hawaiian Inc. COM | 0.38% | 0.89% | 0.38% |
 BOHBank of Hawaii Corp. COM | 0.38% | 0.92% | 0.38% |
 UCBUnited Community Banks Inc.(South Carolina) COM | 0.38% | 0.96% | 0.38% |
 NWBINorthwest Bancshares Inc COM | 0.37% | 0.98% | 0.37% |
 INDBIndependent Bank Corp. COM | 0.36% | 0.94% | 0.36% |
 CVBFCVB Financial Corp. | 0.33% | 0.99% | 0.33% |
 FFBCFirst Financial Bancorp. COM | 0.32% | 0.97% | 0.32% |
 FFINFirst Financial Bankshares Inc COM | 0.31% | 0.95% | 0.31% |
 CATYCathay General Bancorp COM | 0.30% | 0.97% | 0.30% |
 CBUCommunity Financial System Inc COM | 0.29% | 0.91% | 0.29% |
 BKUBankUnited Inc. COM | 0.28% | 0.88% | 0.28% |
 BUSEFirst Busey Corporation COM NEW | 0.27% | 1.00% | 0.27% |
 IBOCInternational Bancshares Corporation | 0.27% | 0.91% | 0.27% |
 TRMKTrustmark Corp COM | 0.27% | 0.96% | 0.27% |
 FRMEFirst Merchants Corporation COM | 0.26% | 0.95% | 0.26% |
 RNSTRenasant Corp. COM | 0.26% | 0.94% | 0.26% |
 TOWNTowneBank (Portsmouth Virginia) COM | 0.25% | 0.98% | 0.25% |
 WAFDWaFd Inc COM | 0.24% | 0.93% | 0.24% |
Frequently Asked Questions
How much do DES and KBE overlap?
DES and KBE overlap by 11.7% of portfolio weight. They share 41 holdings (DES holds 530 positions and KBE holds 102), based on each fund's latest SEC-reported holdings.
Is it redundant to own both DES and KBE?
The two portfolios are 11.7% identical by weight. Owning both is not redundant. Most of each portfolio is distinct, so the funds can serve different roles.
What are the biggest shared holdings of DES and KBE?
The largest positions held by both funds are PFS, FIBK, FBP, ASB and WSBC. Together the top 10 shared positions account for 41% of the total overlap.
What does DES own that KBE doesn't?
489 positions (88.1% of DES) are unique to DES, led by SON, TFSL and KGS. In the other direction, 61 positions (60.1% of KBE) are unique to KBE.