FNCL vs KRE: Holdings Overlap
FNCLFidelity MSCI Financials Index ETF
Fidelity · 383 holdings · $2.4B · as of 2026-04-30
KREState Street® SPDR® S&P® Regional Banking ETF
State Street (SPDR) · 158 holdings · $4.5B · as of 2026-08-06
Holdings snapshots are 98 days apart (FNCL: 2026-04-30, 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 FNCL and KRE?
Fidelity MSCI Financials Index ETF (FNCL, by Fidelity) holds 383 positions; State Street® SPDR® S&P® Regional Banking ETF (KRE, by State Street (SPDR)) holds 158. They have 134 holdings in common, and by portfolio weight the two funds are 7.2% identical. In practical terms the pair is lightly overlapping, with most of each portfolio distinct.
- Overlap by Weight
- 7.2%Sum of the smaller weight of each shared holding
- Shared Holdings
- 134FNCL holds 383 · KRE holds 158
- Weight in Shared Holdings
- FNCL 7%·KRE 95%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 FNCL
249 of 383 positions (92.5% of the fund) are not held by KRE. Showing the top 30 by weight.
Sector Breakdown
| Sector | FNCL | KRE |
|---|---|---|
| Financials | 99.6% | 97.7% |
| Health Care | 0.0% | 0.0% |
| Other Sectors | 0.0% | 0.0% |
| Unclassified | 0.0% | 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 (0% of FNCL, 2% of KRE).
Performance
| Fund | 1M | YTD | 1Y | 3Y (ann.) | 5Y (ann.) | 10Y (ann.) | Yield |
|---|---|---|---|---|---|---|---|
| FNCL | +2.7% | +6.6% | +14.3% | +20.1% | +10.8% | +13.3% | 1.54% |
| 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 FNCL vs KRE →
Shared Holdings(134)
The top 10 shared positions account for 42% of the overlap, led by TFC, HBAN and MTB.
 TFCTruist Financial Corp. COM | 0.78% | 1.32% | 0.78% |
|---|---|---|---|
 HBANHuntington Bancshares Incorporated COM | 0.40% | 1.28% | 0.40% |
 MTBM&T Bank Corporation COM | 0.40% | 1.39% | 0.40% |
 CFGCitizens Financial Group Inc COM | 0.34% | 1.39% | 0.34% |
 RFRegions Financial Corporation COM | 0.30% | 1.37% | 0.30% |
 EWBCEast West Bancorp Inc COM | 0.21% | 1.28% | 0.21% |
 PNFPPinnacle Financial Partners Inc. COM | 0.18% | 1.42% | 0.18% |
 FHNFirst Horizon Corporation COM | 0.15% | 1.28% | 0.15% |
 WBSWebster Financial Corporation | 0.14% | 1.37% | 0.14% |
 WTFCWintrust Financial Corporation COM | 0.12% | 1.28% | 0.12% |
 BPOPPopular, Inc. COM USD0.01 | 0.12% | 1.41% | 0.12% |
 SSBSouthState Bank Corporation | 0.12% | 1.39% | 0.12% |
 UMBFUMB Financial Corporation | 0.11% | 1.37% | 0.11% |
 ZIONZions Bancorporation Natl Assn Global Bank COM | 0.11% | 1.34% | 0.11% |
 COLBColumbia Banking System Inc. COM | 0.11% | 1.28% | 0.11% |
 CFRCullen/Frost Bankers, Inc. COM | 0.10% | 1.42% | 0.10% |
 WALWestern Alliance Bancorporation | 0.10% | 1.24% | 0.10% |
 ONBOld National Bancorp COM | 0.10% | 1.36% | 0.10% |
 VLYValley National Bancorp. COM | 0.08% | 1.27% | 0.08% |
 CBSHCommerce Bancshares Inc COM | 0.08% | 1.35% | 0.08% |
 PBProsperity Bancshares Inc COM | 0.08% | 1.30% | 0.08% |
 FNBF N B Corp (Pennsylvania) COM | 0.08% | 1.31% | 0.08% |
 GBCIGlacier Bancorp Inc. COM | 0.08% | 1.26% | 0.08% |
 UBSIUnited Bankshares Inc COM | 0.07% | 1.35% | 0.07% |
 HWCHancock Whitney Corporation COM | 0.07% | 1.36% | 0.07% |
Frequently Asked Questions
How much do FNCL and KRE overlap?
FNCL and KRE overlap by 7.2% of portfolio weight. They share 134 holdings (FNCL holds 383 positions and KRE holds 158), based on each fund's latest SEC-reported holdings.
Is it redundant to own both FNCL and KRE?
The two portfolios are 7.2% 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 FNCL and KRE?
The largest positions held by both funds are TFC, HBAN, MTB, CFG and RF. Together the top 10 shared positions account for 42% of the total overlap.
What does FNCL own that KRE doesn't?
249 positions (92.5% of FNCL) are unique to FNCL, led by JPM, BRK-B and V. In the other direction, 24 positions (4.2% of KRE) are unique to KRE.