KBWB vs KRE: Holdings Overlap
Invesco · 24 holdings · $6.8B · as of 2026-05-31
KREState Street® SPDR® S&P® Regional Banking ETF
State Street (SPDR) · 158 holdings · $4.5B · as of 2026-08-06
Holdings snapshots are 67 days apart (KBWB: 2026-05-31, KRE: 2026-08-06). 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 KBWB and KRE?
Invesco KBW Bank ETF (KBWB, by Invesco) holds 24 positions; State Street® SPDR® S&P® Regional Banking ETF (KRE, by State Street (SPDR)) holds 158. They have 10 holdings in common, and by portfolio weight the two funds are 12.9% identical. In practical terms the pair is lightly overlapping, with most of each portfolio distinct.
- Overlap by Weight
- 12.9%Sum of the smaller weight of each shared holding
- Shared Holdings
- 10KBWB holds 24 · KRE holds 158
- Weight in Shared Holdings
- KBWB 24%·KRE 13%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 KBWB
14 of 24 positions (75.4% of the fund) are not held by KRE.
Only in KRE
148 of 158 positions (85.9% of the fund) are not held by KBWB. Showing the top 30 by weight.
Sector Breakdown
| Sector | KBWB | KRE |
|---|---|---|
| Financials | 99.8% | 97.7% |
| Other Sectors | 0.0% | 0.0% |
| Unclassified | 0.0% | 1.5% |
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 KBWB, 2% of KRE).
Performance
| Fund | 1M | YTD | 1Y | 3Y (ann.) | 5Y (ann.) | 10Y (ann.) | Yield |
|---|---|---|---|---|---|---|---|
| KBWB | +1.5% | +17.1% | +39.1% | +32.5% | +11.4% | +13.3% | 1.90% |
| KRE | +1.5% | +19.0% | +32.6% | +19.1% | +5.9% | +9.0% | 2.10% |
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 KBWB vs KRE →
Shared Holdings(10)
The top 10 shared positions account for 100% of the overlap, led by PNFP, CFG and MTB.
 PNFPPinnacle Financial Partners Inc. COM | 1.77% | 1.42% | 1.42% |
|---|---|---|---|
 CFGCitizens Financial Group Inc COM | 3.17% | 1.39% | 1.39% |
 MTBM&T Bank Corporation COM | 3.73% | 1.39% | 1.39% |
 RFRegions Financial Corporation COM | 2.90% | 1.37% | 1.37% |
 TFCTruist Financial Corp. COM | 3.66% | 1.32% | 1.32% |
 FHNFirst Horizon Corporation COM | 1.40% | 1.28% | 1.28% |
 HBANHuntington Bancshares Incorporated COM | 3.65% | 1.28% | 1.28% |
 EWBCEast West Bancorp Inc COM | 2.02% | 1.28% | 1.28% |
 ZIONZions Bancorporation Natl Assn Global Bank COM | 1.11% | 1.34% | 1.11% |
 WALWestern Alliance Bancorporation | 1.05% | 1.24% | 1.05% |
Frequently Asked Questions
How much do KBWB and KRE overlap?
KBWB and KRE overlap by 12.9% of portfolio weight. They share 10 holdings (KBWB holds 24 positions and KRE holds 158), based on each fund's latest SEC-reported holdings.
Is it redundant to own both KBWB and KRE?
The two portfolios are 12.9% 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 KBWB and KRE?
The largest positions held by both funds are PNFP, CFG, MTB, RF and TFC. Together the top 10 shared positions account for 100% of the total overlap.
What does KBWB own that KRE doesn't?
14 positions (75.4% of KBWB) are unique to KBWB, led by MS, GS and BAC. In the other direction, 148 positions (85.9% of KRE) are unique to KRE.