KBE vs VFH: Holdings Overlap
KBEState Street® SPDR® S&P® Bank ETF
State Street (SPDR) · 102 holdings · $1.7B · as of 2026-08-06
VFHVanguard Financials Index Fund
Vanguard · 411 holdings · $13.9B · as of 2026-05-31
Holdings snapshots are 67 days apart (KBE: 2026-08-06, VFH: 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 VFH?
State Street® SPDR® S&P® Bank ETF (KBE, by State Street (SPDR)) holds 102 positions; Vanguard Financials Index Fund (VFH, by Vanguard) holds 411. They have 102 holdings in common, and by portfolio weight the two funds are 16.3% identical. In practical terms the pair is lightly overlapping, with most of each portfolio distinct.
- Overlap by Weight
- 16.3%Sum of the smaller weight of each shared holding
- Shared Holdings
- 102KBE holds 102 · VFH holds 411
- Weight in Shared Holdings
- KBE 99%·VFH 31%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
Every position in KBE is also held by VFH, so it brings nothing the other fund doesn’t already own.
Only in VFH
309 of 411 positions (64.9% of the fund) are not held by KBE. Showing the top 30 by weight.
Sector Breakdown
| Sector | KBE | VFH |
|---|---|---|
| Financials | 98.9% | 96.3% |
| Health Care | 0.0% | 0.1% |
| Other Sectors | 0.0% | 0.0% |
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% |
| VFH | +2.7% | +6.6% | +14.3% | +20.1% | +10.8% | +13.3% | 1.65% |
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 VFH →
Shared Holdings(102)
The top 10 shared positions account for 55% of the overlap, led by BAC, JPM and BNY.
 BACBank of America Corp. COM | 1.05% | 4.25% | 1.05% |
|---|---|---|---|
 JPMJPMorgan Chase & Co. COM | 1.05% | 9.15% | 1.05% |
 BNYThe Bank of New York Mellon Corp. COM | 1.03% | 1.15% | 1.03% |
 USBU.S. Bancorp. COM NEW | 1.02% | 1.03% | 1.02% |
 PNCPNC Financial Services Group, Inc. (The) | 0.99% | 1.04% | 0.99% |
 WFCWells Fargo & Co. COM | 0.97% | 2.93% | 0.97% |
 CCitigroup Inc. COM NEW | 0.91% | 2.56% | 0.91% |
 TFCTruist Financial Corp. COM | 0.96% | 0.74% | 0.74% |
 APOApollo Global Management Inc COM | 0.89% | 0.67% | 0.67% |
 FITBFifth Third Bancorp COM | 0.98% | 0.54% | 0.54% |
 MTBM&T Bank Corporation COM | 1.02% | 0.40% | 0.40% |
 HBANHuntington Bancshares Incorporated COM | 0.94% | 0.40% | 0.40% |
 NTRSNorthern Trust Corporation COM | 1.01% | 0.38% | 0.38% |
 CFGCitizens Financial Group Inc COM | 1.01% | 0.32% | 0.32% |
 RFRegions Financial Corporation COM | 1.00% | 0.30% | 0.30% |
 KEYKeyCorp COM | 0.94% | 0.24% | 0.24% |
 FCNCAFirst Citizens BancShares Inc (Delaware) CL A | 0.96% | 0.21% | 0.21% |
 EWBCEast West Bancorp Inc COM | 0.94% | 0.20% | 0.20% |
 PNFPPinnacle Financial Partners Inc. COM | 1.03% | 0.18% | 0.18% |
 RKTRocket Companies Inc COM CL A | 0.96% | 0.16% | 0.16% |
 FHNFirst Horizon Corporation COM | 0.94% | 0.14% | 0.14% |
 EQHEquitable Holdings Inc COM | 1.13% | 0.14% | 0.14% |
 WBSWebster Financial Corporation | 1.00% | 0.14% | 0.14% |
 WTFCWintrust Financial Corporation COM | 0.94% | 0.12% | 0.12% |
 UMBFUMB Financial Corporation | 1.00% | 0.12% | 0.12% |
Frequently Asked Questions
How much do KBE and VFH overlap?
KBE and VFH overlap by 16.3% of portfolio weight. They share 102 holdings (KBE holds 102 positions and VFH holds 411), based on each fund's latest SEC-reported holdings.
Is it redundant to own both KBE and VFH?
The two portfolios are 16.3% 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 VFH?
The largest positions held by both funds are BAC, JPM, BNY, USB and PNC. Together the top 10 shared positions account for 55% of the total overlap.
What does KBE own that VFH doesn't?
Nothing. Every position in KBE is also held by VFH. In the other direction, 309 positions (64.9% of VFH) are unique to VFH.