KBE vs XLF: Holdings Overlap
KBEState Street® SPDR® S&P® Bank ETF
State Street (SPDR) · 102 holdings · $1.7B · as of 2026-08-06
XLFState Street® Financial Select Sector SPDR® ETF
State Street (SPDR) · 77 holdings · $59.1B · as of 2026-08-06
How similar are KBE and XLF?
State Street® SPDR® S&P® Bank ETF (KBE, by State Street (SPDR)) holds 102 positions; State Street® Financial Select Sector SPDR® ETF (XLF, by State Street (SPDR)) holds 77. They have 16 holdings in common, and by portfolio weight the two funds are 11.4% identical. In practical terms the pair is lightly overlapping, with most of each portfolio distinct.
- Overlap by Weight
- 11.4%Sum of the smaller weight of each shared holding
- Shared Holdings
- 16KBE holds 102 · XLF holds 77
- Weight in Shared Holdings
- KBE 16%·XLF 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
86 of 102 positions (83.1% of the fund) are not held by XLF. Showing the top 30 by weight.
Only in XLF
61 of 77 positions (68.8% of the fund) are not held by KBE. Showing the top 30 by weight.
Sector Breakdown
| Sector | KBE | XLF |
|---|---|---|
| Financials | 98.9% | 99.8% |
| 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% |
| XLF | +2.8% | +6.1% | +13.9% | +19.5% | +10.7% | +13.5% | 1.40% |
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 XLF →
Shared Holdings(16)
The top 10 shared positions account for 80% of the overlap, led by BAC, JPM and BNY.
 BACBank of America Corp. COM | 1.05% | 5.04% | 1.05% |
|---|---|---|---|
 JPMJPMorgan Chase & Co. COM | 1.05% | 11.69% | 1.05% |
 BNYThe Bank of New York Mellon Corp. COM | 1.03% | 1.33% | 1.03% |
 USBU.S. Bancorp. COM NEW | 1.02% | 1.21% | 1.02% |
 PNCPNC Financial Services Group, Inc. (The) | 0.99% | 1.24% | 0.99% |
 WFCWells Fargo & Co. COM | 0.97% | 3.26% | 0.97% |
 CCitigroup Inc. COM NEW | 0.91% | 2.80% | 0.91% |
 TFCTruist Financial Corp. COM | 0.96% | 0.80% | 0.80% |
 APOApollo Global Management Inc COM | 0.89% | 0.72% | 0.72% |
 FITBFifth Third Bancorp COM | 0.98% | 0.63% | 0.63% |
 MTBM&T Bank Corporation COM | 1.02% | 0.45% | 0.45% |
 HBANHuntington Bancshares Incorporated COM | 0.94% | 0.43% | 0.43% |
 NTRSNorthern Trust Corporation COM | 1.01% | 0.42% | 0.42% |
 CFGCitizens Financial Group Inc COM | 1.01% | 0.38% | 0.38% |
 RFRegions Financial Corporation COM | 1.00% | 0.33% | 0.33% |
 KEYKeyCorp COM | 0.94% | 0.26% | 0.26% |
Frequently Asked Questions
How much do KBE and XLF overlap?
KBE and XLF overlap by 11.4% of portfolio weight. They share 16 holdings (KBE holds 102 positions and XLF holds 77), based on each fund's latest SEC-reported holdings.
Is it redundant to own both KBE and XLF?
The two portfolios are 11.4% 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 XLF?
The largest positions held by both funds are BAC, JPM, BNY, USB and PNC. Together the top 10 shared positions account for 80% of the total overlap.
What does KBE own that XLF doesn't?
86 positions (83.1% of KBE) are unique to KBE, led by TBBK, CRBG and JXN. In the other direction, 61 positions (68.8% of XLF) are unique to XLF.