KBE vs SPY: Holdings Overlap
KBEState Street® SPDR® S&P® Bank ETF
State Street (SPDR) · 102 holdings · $1.7B · as of 2026-08-06
SPYState Street® SPDR® S&P 500® ETF Trust
State Street (SPDR) · 504 holdings · $812.0B · as of 2026-08-06
How similar are KBE and SPY?
State Street® SPDR® S&P® Bank ETF (KBE, by State Street (SPDR)) holds 102 positions; State Street® SPDR® S&P 500® ETF Trust (SPY, by State Street (SPDR)) holds 504. They have 16 holdings in common, and by portfolio weight the two funds are 3.4% identical. In practical terms the pair is essentially distinct, holding almost none of the same securities.
- Overlap by Weight
- 3.4%Sum of the smaller weight of each shared holding
- Shared Holdings
- 16KBE holds 102 · SPY holds 504
- Weight in Shared Holdings
- KBE 16%·SPY 4%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
86 of 102 positions (83.1% of the fund) are not held by SPY. Showing the top 30 by weight.
Sector Breakdown
| Sector | KBE | SPY |
|---|---|---|
| Financials | 98.9% | 12.3% |
| Information Technology | 0.0% | 37.6% |
| Communication Services | 0.0% | 9.7% |
| Consumer Discretionary | 0.0% | 9.3% |
| Health Care | 0.0% | 8.9% |
| Other Sectors | 0.0% | 22.1% |
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 |
|---|---|---|---|---|---|---|---|
| KBE | +1.8% | +16.6% | +29.1% | +21.5% | +9.2% | +10.6% | 2.10% |
| SPY | +3.4% | +14.0% | +23.7% | +21.2% | +13.3% | +15.3% | 0.97% |
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 SPY →
Shared Holdings(16)
The top 10 shared positions account for 92% of the overlap, led by JPM, BAC and WFC.
 JPMJPMorgan Chase & Co. COM | 1.05% | 1.44% | 1.05% |
|---|---|---|---|
 BACBank of America Corp. COM | 1.05% | 0.62% | 0.62% |
 WFCWells Fargo & Co. COM | 0.97% | 0.40% | 0.40% |
 CCitigroup Inc. COM NEW | 0.91% | 0.34% | 0.34% |
 BNYThe Bank of New York Mellon Corp. COM | 1.03% | 0.16% | 0.16% |
 PNCPNC Financial Services Group, Inc. (The) | 0.99% | 0.15% | 0.15% |
 USBU.S. Bancorp. COM NEW | 1.02% | 0.15% | 0.15% |
 TFCTruist Financial Corp. COM | 0.96% | 0.10% | 0.10% |
 APOApollo Global Management Inc COM | 0.89% | 0.09% | 0.09% |
 FITBFifth Third Bancorp COM | 0.98% | 0.08% | 0.08% |
 MTBM&T Bank Corporation COM | 1.02% | 0.06% | 0.06% |
 HBANHuntington Bancshares Incorporated COM | 0.94% | 0.05% | 0.05% |
 NTRSNorthern Trust Corporation COM | 1.01% | 0.05% | 0.05% |
 CFGCitizens Financial Group Inc COM | 1.01% | 0.05% | 0.05% |
 RFRegions Financial Corporation COM | 1.00% | 0.04% | 0.04% |
 KEYKeyCorp COM | 0.94% | 0.03% | 0.03% |
Frequently Asked Questions
How much do KBE and SPY overlap?
KBE and SPY overlap by 3.4% of portfolio weight. They share 16 holdings (KBE holds 102 positions and SPY holds 504), based on each fund's latest SEC-reported holdings.
Is it redundant to own both KBE and SPY?
The two portfolios are 3.4% identical by weight. Owning both is genuine diversification: the funds hold almost none of the same securities.
What are the biggest shared holdings of KBE and SPY?
The largest positions held by both funds are JPM, BAC, WFC, C and BNY. Together the top 10 shared positions account for 92% of the total overlap.
What does KBE own that SPY doesn't?
86 positions (83.1% of KBE) are unique to KBE, led by TBBK, CRBG and JXN. In the other direction, 488 positions (96.1% of SPY) are unique to SPY.