KBE vs VOO: Holdings Overlap
KBEState Street® SPDR® S&P® Bank ETF
State Street (SPDR) · 102 holdings · $1.7B · as of 2026-08-06
Vanguard · 504 holdings · $1.03T · as of 2026-03-31
Holdings snapshots are 128 days apart (KBE: 2026-08-06, VOO: 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 VOO?
State Street® SPDR® S&P® Bank ETF (KBE, by State Street (SPDR)) holds 102 positions; Vanguard 500 Index Fund (VOO, by Vanguard) 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 · VOO holds 504
- Weight in Shared Holdings
- KBE 16%·VOO 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 VOO. Showing the top 30 by weight.
Sector Breakdown
| Sector | KBE | VOO |
|---|---|---|
| Financials | 98.9% | 12.4% |
| Information Technology | 0.0% | 32.7% |
| Communication Services | 0.0% | 10.5% |
| Consumer Discretionary | 0.0% | 9.9% |
| Health Care | 0.0% | 9.5% |
| Other Sectors | 0.0% | 24.9% |
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% |
| VOO | +3.4% | +14.0% | +23.7% | +21.3% | +13.4% | +15.4% | 1.03% |
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 VOO →
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% | 1.34% | 1.05% |
|---|---|---|---|
 BACBank of America Corp. COM | 1.05% | 0.56% | 0.56% |
 WFCWells Fargo & Co. COM | 0.97% | 0.44% | 0.44% |
 CCitigroup Inc. COM NEW | 0.91% | 0.34% | 0.34% |
 PNCPNC Financial Services Group, Inc. (The) | 0.99% | 0.15% | 0.15% |
 BNYThe Bank of New York Mellon Corp. COM | 1.03% | 0.15% | 0.15% |
 USBU.S. Bancorp. COM NEW | 1.02% | 0.14% | 0.14% |
 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% | 0.07% | 0.07% |
 HBANHuntington Bancshares Incorporated COM | 0.94% | 0.06% | 0.06% |
 MTBM&T Bank Corporation COM | 1.02% | 0.06% | 0.06% |
 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 VOO overlap?
KBE and VOO overlap by 3.4% of portfolio weight. They share 16 holdings (KBE holds 102 positions and VOO holds 504), based on each fund's latest SEC-reported holdings.
Is it redundant to own both KBE and VOO?
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 VOO?
The largest positions held by both funds are JPM, BAC, WFC, C and PNC. Together the top 10 shared positions account for 92% of the total overlap.
What does KBE own that VOO 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 VOO) are unique to VOO.