DON vs KBE: Holdings Overlap
DONWisdomTree U.S. Midcap Dividend Fund
WisdomTree · 295 holdings · $4.1B · 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 (DON: 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 DON and KBE?
WisdomTree U.S. Midcap Dividend Fund (DON, by WisdomTree) holds 295 positions; State Street® SPDR® S&P® Bank ETF (KBE, by State Street (SPDR)) holds 102. They have 32 holdings in common, and by portfolio weight the two funds are 10.2% identical. In practical terms the pair is lightly overlapping, with most of each portfolio distinct.
- Overlap by Weight
- 10.2%Sum of the smaller weight of each shared holding
- Shared Holdings
- 32DON holds 295 · KBE holds 102
- Weight in Shared Holdings
- DON 10%·KBE 31%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 DON
263 of 295 positions (89.6% of the fund) are not held by KBE. Showing the top 30 by weight.
Only in KBE
70 of 102 positions (67.5% of the fund) are not held by DON. Showing the top 30 by weight.
Sector Breakdown
| Sector | DON | KBE |
|---|---|---|
| Financials | 22.3% | 98.9% |
| Industrials | 17.1% | 0.0% |
| Consumer Discretionary | 10.2% | 0.0% |
| Real Estate | 9.8% | 0.0% |
| Materials | 8.9% | 0.0% |
| Other Sectors | 31.5% | 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.
Performance
| Fund | 1M | YTD | 1Y | 3Y (ann.) | 5Y (ann.) | 10Y (ann.) | Yield |
|---|---|---|---|---|---|---|---|
| DON | +3.0% | +14.3% | +18.2% | +12.4% | +9.3% | +9.4% | 2.27% |
| 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 DON vs KBE →
Shared Holdings(32)
The top 10 shared positions account for 45% of the overlap, led by COLB, EWBC and FHN.
 COLBColumbia Banking System Inc. COM | 0.68% | 0.93% | 0.68% |
|---|---|---|---|
 EWBCEast West Bancorp Inc COM | 0.50% | 0.94% | 0.50% |
 FHNFirst Horizon Corporation COM | 0.49% | 0.94% | 0.49% |
 WBSWebster Financial Corporation | 0.46% | 1.00% | 0.46% |
 EQHEquitable Holdings Inc COM | 0.44% | 1.13% | 0.44% |
 ZIONZions Bancorporation Natl Assn Global Bank COM | 0.43% | 0.97% | 0.43% |
 CFRCullen/Frost Bankers, Inc. COM | 0.42% | 1.04% | 0.42% |
 VLYValley National Bancorp. COM | 0.40% | 0.93% | 0.40% |
 PNFPPinnacle Financial Partners Inc. COM | 0.39% | 1.03% | 0.39% |
 SSBSouthState Bank Corporation | 0.37% | 1.01% | 0.37% |
 BPOPPopular, Inc. COM USD0.01 | 0.36% | 1.03% | 0.36% |
 JXNJackson Financial, Inc., Class A | 0.36% | 1.14% | 0.36% |
 UBSIUnited Bankshares Inc COM | 0.36% | 0.98% | 0.36% |
 ONBOld National Bancorp COM | 0.33% | 0.99% | 0.33% |
 PBProsperity Bancshares Inc COM | 0.33% | 0.95% | 0.33% |
 AUBAtlantic Union Bankshares Corp COM | 0.33% | 0.99% | 0.33% |
 OZKBank OZK COM | 0.32% | 0.92% | 0.32% |
 VOYAVoya Financial Inc COM | 0.30% | 1.04% | 0.30% |
 MTGMGIC Investment Corporation | 0.29% | 1.07% | 0.29% |
 GBCIGlacier Bancorp Inc. COM | 0.28% | 0.92% | 0.28% |
 FNBF N B Corp (Pennsylvania) COM | 0.27% | 0.95% | 0.27% |
 BOKFBOK Financial Corp COM NEW | 0.26% | 1.00% | 0.26% |
 HOMBHome BancShares Inc. COM | 0.25% | 1.02% | 0.25% |
 WALWestern Alliance Bancorporation | 0.25% | 0.91% | 0.25% |
 HWCHancock Whitney Corporation COM | 0.23% | 0.99% | 0.23% |
Frequently Asked Questions
How much do DON and KBE overlap?
DON and KBE overlap by 10.2% of portfolio weight. They share 32 holdings (DON holds 295 positions and KBE holds 102), based on each fund's latest SEC-reported holdings.
Is it redundant to own both DON and KBE?
The two portfolios are 10.2% 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 DON and KBE?
The largest positions held by both funds are COLB, EWBC, FHN, WBS and EQH. Together the top 10 shared positions account for 45% of the total overlap.
What does DON own that KBE doesn't?
263 positions (89.6% of DON) are unique to DON, led by APA, VTRS and BBY. In the other direction, 70 positions (67.5% of KBE) are unique to KBE.