KBE vs VBR: Holdings Overlap
KBEState Street® SPDR® S&P® Bank ETF
State Street (SPDR) · 102 holdings · $1.7B · as of 2026-08-06
VBRVanguard Small-cap Value Index Fund
Vanguard · 838 holdings · $38.3B · as of 2026-03-31
Holdings snapshots are 128 days apart (KBE: 2026-08-06, VBR: 2026-03-31). 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 VBR?
State Street® SPDR® S&P® Bank ETF (KBE, by State Street (SPDR)) holds 102 positions; Vanguard Small-cap Value Index Fund (VBR, by Vanguard) holds 838. They have 72 holdings in common, and by portfolio weight the two funds are 8.7% identical. In practical terms the pair is lightly overlapping, with most of each portfolio distinct.
- Overlap by Weight
- 8.7%Sum of the smaller weight of each shared holding
- Shared Holdings
- 72KBE holds 102 · VBR holds 838
- Weight in Shared Holdings
- KBE 70%·VBR 9%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
30 of 102 positions (29.2% of the fund) are not held by VBR.
Sector Breakdown
| Sector | KBE | VBR |
|---|---|---|
| Financials | 98.9% | 18.7% |
| Industrials | 0.0% | 18.8% |
| Consumer Discretionary | 0.0% | 10.9% |
| Real Estate | 0.0% | 9.1% |
| Health Care | 0.0% | 8.4% |
| Other Sectors | 0.0% | 33.4% |
| Unclassified | 0.0% | 0.5% |
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 KBE, 1% of VBR).
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% |
| VBR | +3.1% | +19.2% | +28.7% | +15.4% | +10.0% | +10.8% | 1.73% |
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 VBR →
Shared Holdings(72)
The top 10 shared positions account for 30% of the overlap, led by FCNCA, EWBC and WBS.
 FCNCAFirst Citizens BancShares Inc (Delaware) CL A | 0.96% | 0.37% | 0.37% |
|---|---|---|---|
 EWBCEast West Bancorp Inc COM | 0.94% | 0.36% | 0.36% |
 WBSWebster Financial Corporation | 1.00% | 0.27% | 0.27% |
 FHNFirst Horizon Corporation COM | 0.94% | 0.27% | 0.27% |
 EQHEquitable Holdings Inc COM | 1.13% | 0.25% | 0.25% |
 WTFCWintrust Financial Corporation COM | 0.94% | 0.23% | 0.23% |
 SSBSouthState Bank Corporation | 1.01% | 0.22% | 0.22% |
 BPOPPopular, Inc. COM USD0.01 | 1.03% | 0.21% | 0.21% |
 ZIONZions Bancorporation Natl Assn Global Bank COM | 0.97% | 0.21% | 0.21% |
 CFRCullen/Frost Bankers, Inc. COM | 1.04% | 0.20% | 0.20% |
 COLBColumbia Banking System Inc. COM | 0.93% | 0.20% | 0.20% |
 ONBOld National Bancorp COM | 0.99% | 0.19% | 0.19% |
 UMBFUMB Financial Corporation | 1.00% | 0.19% | 0.19% |
 JXNJackson Financial, Inc., Class A | 1.14% | 0.18% | 0.18% |
 WALWestern Alliance Bancorporation | 0.91% | 0.18% | 0.18% |
 CBSHCommerce Bancshares Inc COM | 0.99% | 0.17% | 0.17% |
 CRBGCorebridge Financial Inc. | 1.14% | 0.16% | 0.16% |
 PNFPPinnacle Financial Partners Inc. COM | 1.03% | 0.16% | 0.16% |
 PBProsperity Bancshares Inc COM | 0.95% | 0.16% | 0.16% |
 VOYAVoya Financial Inc COM | 1.04% | 0.15% | 0.15% |
 FNBF N B Corp (Pennsylvania) COM | 0.95% | 0.14% | 0.14% |
 UBSIUnited Bankshares Inc COM | 0.98% | 0.14% | 0.14% |
 VLYValley National Bancorp. COM | 0.93% | 0.14% | 0.14% |
 GBCIGlacier Bancorp Inc. COM | 0.92% | 0.14% | 0.14% |
 MTGMGIC Investment Corporation | 1.07% | 0.14% | 0.14% |
Frequently Asked Questions
How much do KBE and VBR overlap?
KBE and VBR overlap by 8.7% of portfolio weight. They share 72 holdings (KBE holds 102 positions and VBR holds 838), based on each fund's latest SEC-reported holdings.
Is it redundant to own both KBE and VBR?
The two portfolios are 8.7% 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 VBR?
The largest positions held by both funds are FCNCA, EWBC, WBS, FHN and EQH. Together the top 10 shared positions account for 30% of the total overlap.
What does KBE own that VBR doesn't?
30 positions (29.2% of KBE) are unique to KBE, led by TBBK, NIC and NMIH. In the other direction, 766 positions (91.1% of VBR) are unique to VBR.