DES vs KRE: Holdings Overlap
DESWisdomTree U.S. SmallCap Dividend Fund
WisdomTree · 530 holdings · $2.2B · as of 2026-03-31
KREState Street® SPDR® S&P® Regional Banking ETF
State Street (SPDR) · 158 holdings · $4.5B · as of 2026-08-06
Holdings snapshots are 128 days apart (DES: 2026-03-31, KRE: 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 KRE?
WisdomTree U.S. SmallCap Dividend Fund (DES, by WisdomTree) holds 530 positions; State Street® SPDR® S&P® Regional Banking ETF (KRE, by State Street (SPDR)) holds 158. They have 108 holdings in common, and by portfolio weight the two funds are 16.8% identical. In practical terms the pair is lightly overlapping, with most of each portfolio distinct.
- Overlap by Weight
- 16.8%Sum of the smaller weight of each shared holding
- Shared Holdings
- 108DES holds 530 · KRE holds 158
- Weight in Shared Holdings
- DES 18%·KRE 48%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
422 of 530 positions (82.0% of the fund) are not held by KRE. Showing the top 30 by weight.
Only in KRE
50 of 158 positions (50.9% of the fund) are not held by DES. Showing the top 30 by weight.
Sector Breakdown
| Sector | DES | KRE |
|---|---|---|
| Financials | 23.2% | 97.7% |
| 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% | 1.5% |
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, 2% of KRE).
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% |
| KRE | +1.5% | +19.0% | +32.6% | +19.1% | +5.9% | +9.0% | 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 KRE →
Shared Holdings(108)
The top 10 shared positions account for 29% of the overlap, led by PFS, FIBK and FBP.
 PFSProvident Financial Services Inc. COM | 0.65% | 0.76% | 0.65% |
|---|---|---|---|
 FIBKFirst Interstate BancSystem, Inc., Class A | 0.64% | 1.29% | 0.64% |
 FBPFirst Bancorp Puerto Rico COM USD1 | 0.58% | 1.14% | 0.58% |
 ASBAssociated Banc-Corp COM | 0.50% | 1.36% | 0.50% |
 WSBCWesbanco Inc COM | 0.47% | 0.81% | 0.47% |
 FULTFulton Financial Corporation COM | 0.44% | 1.34% | 0.44% |
 TFSLTFS Financial Corp COM | 1.05% | 0.42% | 0.42% |
 EBCEastern Bankshares Inc COM | 0.40% | 1.32% | 0.40% |
 FHBFirst Hawaiian Inc. COM | 0.38% | 1.23% | 0.38% |
 BOHBank of Hawaii Corp. COM | 0.38% | 1.02% | 0.38% |
 UCBUnited Community Banks Inc.(South Carolina) COM | 0.38% | 0.91% | 0.38% |
 NWBINorthwest Bancshares Inc COM | 0.37% | 0.54% | 0.37% |
 INDBIndependent Bank Corp. COM | 0.36% | 0.87% | 0.36% |
 CVBFCVB Financial Corp. | 0.33% | 1.09% | 0.33% |
 FFBCFirst Financial Bancorp. COM | 0.32% | 0.79% | 0.32% |
 FFINFirst Financial Bankshares Inc COM | 0.31% | 0.81% | 0.31% |
 CATYCathay General Bancorp COM | 0.30% | 0.76% | 0.30% |
 CBUCommunity Financial System Inc COM | 0.29% | 0.48% | 0.29% |
 BKUBankUnited Inc. COM | 0.28% | 1.14% | 0.28% |
 BUSEFirst Busey Corporation COM NEW | 0.27% | 0.56% | 0.27% |
 IBOCInternational Bancshares Corporation | 0.27% | 0.75% | 0.27% |
 TRMKTrustmark Corp COM | 0.27% | 0.58% | 0.27% |
 FRMEFirst Merchants Corporation COM | 0.26% | 0.51% | 0.26% |
 RNSTRenasant Corp. COM | 0.26% | 0.90% | 0.26% |
 TOWNTowneBank (Portsmouth Virginia) COM | 0.25% | 0.63% | 0.25% |
Frequently Asked Questions
How much do DES and KRE overlap?
DES and KRE overlap by 16.8% of portfolio weight. They share 108 holdings (DES holds 530 positions and KRE holds 158), based on each fund's latest SEC-reported holdings.
Is it redundant to own both DES and KRE?
The two portfolios are 16.8% 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 KRE?
The largest positions held by both funds are PFS, FIBK, FBP, ASB and WSBC. Together the top 10 shared positions account for 29% of the total overlap.
What does DES own that KRE doesn't?
422 positions (82.0% of DES) are unique to DES, led by SON, KGS and EPR. In the other direction, 50 positions (50.9% of KRE) are unique to KRE.