KBE vs SCHA: Holdings Overlap
KBEState Street® SPDR® S&P® Bank ETF
State Street (SPDR) · 102 holdings · $1.7B · as of 2026-08-06
Schwab · 1705 holdings · $23.3B · as of 2026-05-31
Holdings snapshots are 67 days apart (KBE: 2026-08-06, SCHA: 2026-05-31). 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 KBE and SCHA?
State Street® SPDR® S&P® Bank ETF (KBE, by State Street (SPDR)) holds 102 positions; Schwab U.S. Small-Cap ETF (SCHA, by Schwab) holds 1705. They have 74 holdings in common, and by portfolio weight the two funds are 6.8% identical. In practical terms the pair is lightly overlapping, with most of each portfolio distinct.
- Overlap by Weight
- 6.8%Sum of the smaller weight of each shared holding
- Shared Holdings
- 74KBE holds 102 · SCHA holds 1705
- Weight in Shared Holdings
- KBE 71%·SCHA 7%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 KBE
28 of 102 positions (27.8% of the fund) are not held by SCHA.
Sector Breakdown
| Sector | KBE | SCHA |
|---|---|---|
| Financials | 98.9% | 15.1% |
| Information Technology | 0.0% | 22.1% |
| Industrials | 0.0% | 17.7% |
| Health Care | 0.0% | 13.4% |
| Consumer Discretionary | 0.0% | 9.3% |
| Other Sectors | 0.0% | 21.4% |
| Unclassified | 0.0% | 0.8% |
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 KBE, 1% of SCHA).
Performance
| Fund | 1M | YTD | 1Y | 3Y (ann.) | 5Y (ann.) | 10Y (ann.) | Yield |
|---|---|---|---|---|---|---|---|
| KBE | +1.8% | +16.6% | +29.1% | +21.5% | +9.2% | +10.6% | 2.10% |
| SCHA | +1.0% | +22.8% | +36.7% | +17.1% | +7.9% | +10.8% | 1.02% |
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 KBE vs SCHA →
Shared Holdings(74)
The top 10 shared positions account for 31% of the overlap, led by PNFP, RKT and WTFC.
 PNFPPinnacle Financial Partners Inc. COM | 1.03% | 0.31% | 0.31% |
|---|---|---|---|
 RKTRocket Companies Inc COM CL A | 0.96% | 0.30% | 0.30% |
 WTFCWintrust Financial Corporation COM | 0.94% | 0.21% | 0.21% |
 BPOPPopular, Inc. COM USD0.01 | 1.03% | 0.21% | 0.21% |
 SSBSouthState Bank Corporation | 1.01% | 0.20% | 0.20% |
 UMBFUMB Financial Corporation | 1.00% | 0.20% | 0.20% |
 COLBColumbia Banking System Inc. COM | 0.93% | 0.18% | 0.18% |
 ONBOld National Bancorp COM | 0.99% | 0.18% | 0.18% |
 JXNJackson Financial, Inc., Class A | 1.14% | 0.15% | 0.15% |
 PBProsperity Bancshares Inc COM | 0.95% | 0.15% | 0.15% |
 VLYValley National Bancorp. COM | 0.93% | 0.14% | 0.14% |
 FNBF N B Corp (Pennsylvania) COM | 0.95% | 0.13% | 0.13% |
 GBCIGlacier Bancorp Inc. COM | 0.92% | 0.13% | 0.13% |
 UBSIUnited Bankshares Inc COM | 0.98% | 0.13% | 0.13% |
 HWCHancock Whitney Corporation COM | 0.99% | 0.12% | 0.12% |
 MTGMGIC Investment Corporation | 1.07% | 0.12% | 0.12% |
 ESNTEssent Group Ltd. COM USD0.015 | 1.01% | 0.12% | 0.12% |
 ABCBAmeris Bancorp COM | 0.93% | 0.11% | 0.11% |
 AUBAtlantic Union Bankshares Corp COM | 0.99% | 0.11% | 0.11% |
 OZKBank OZK COM | 0.92% | 0.11% | 0.11% |
 AXAxos Financial Inc COM | 1.05% | 0.10% | 0.10% |
 HOMBHome BancShares Inc. COM | 1.02% | 0.10% | 0.10% |
 RDNRadian Group Inc. COM | 0.95% | 0.10% | 0.10% |
 ASBAssociated Banc-Corp COM | 0.99% | 0.10% | 0.10% |
 TCBITexas Capital Bancshares, Inc. COM | 0.90% | 0.09% | 0.09% |
Frequently Asked Questions
How much do KBE and SCHA overlap?
KBE and SCHA overlap by 6.8% of portfolio weight. They share 74 holdings (KBE holds 102 positions and SCHA holds 1705), based on each fund's latest SEC-reported holdings.
Is it redundant to own both KBE and SCHA?
The two portfolios are 6.8% 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 KBE and SCHA?
The largest positions held by both funds are PNFP, RKT, WTFC, BPOP and SSB. Together the top 10 shared positions account for 31% of the total overlap.
What does KBE own that SCHA doesn't?
28 positions (27.8% of KBE) are unique to KBE, led by CRBG, EQH and BAC. In the other direction, 1631 positions (93.0% of SCHA) are unique to SCHA.