KBE vs USMV: Holdings Overlap
KBEState Street® SPDR® S&P® Bank ETF
State Street (SPDR) · 102 holdings · $1.7B · as of 2026-08-06
USMViShares MSCI USA Min Vol Factor ETF
iShares · 170 holdings · $24.1B · as of 2026-04-30
Holdings snapshots are 98 days apart (KBE: 2026-08-06, USMV: 2026-04-30). 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 USMV?
State Street® SPDR® S&P® Bank ETF (KBE, by State Street (SPDR)) holds 102 positions; iShares MSCI USA Min Vol Factor ETF (USMV, by iShares) holds 170. They have 1 holdings in common, and by portfolio weight the two funds are 0.3% identical. In practical terms the pair is essentially distinct, holding almost none of the same securities.
- Overlap by Weight
- 0.3%Sum of the smaller weight of each shared holding
- Shared Holdings
- 1KBE holds 102 · USMV holds 170
- Weight in Shared Holdings
- KBE 1%·USMV 0%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
101 of 102 positions (97.9% of the fund) are not held by USMV. Showing the top 30 by weight.
Sector Breakdown
| Sector | KBE | USMV |
|---|---|---|
| Financials | 98.9% | 13.7% |
| Information Technology | 0.0% | 29.2% |
| Health Care | 0.0% | 12.7% |
| Consumer Staples | 0.0% | 9.9% |
| Utilities | 0.0% | 7.6% |
| Other Sectors | 0.0% | 26.6% |
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% |
| USMV | +2.3% | +7.6% | +10.3% | +12.2% | +7.4% | +9.9% | 1.44% |
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 USMV →
Shared Holdings(1)
 FCNCAFirst Citizens BancShares Inc (Delaware) CL A | 0.96% | 0.32% | 0.32% |
|---|
Frequently Asked Questions
How much do KBE and USMV overlap?
KBE and USMV overlap by 0.3% of portfolio weight. They share 1 holdings (KBE holds 102 positions and USMV holds 170), based on each fund's latest SEC-reported holdings.
Is it redundant to own both KBE and USMV?
The two portfolios are 0.3% 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 USMV?
The largest positions held by both funds are FCNCA. Together the top 1 shared positions account for 99% of the total overlap.
What does KBE own that USMV doesn't?
101 positions (97.9% of KBE) are unique to KBE, led by TBBK, CRBG and JXN. In the other direction, 169 positions (99.4% of USMV) are unique to USMV.