KBWB vs MDYV: Holdings Overlap
Invesco · 24 holdings · $6.8B · as of 2026-05-31
MDYVState Street® SPDR® S&P 400™ Mid Cap Value ETF
State Street (SPDR) · 297 holdings · $2.9B · as of 2026-08-06
Holdings snapshots are 67 days apart (KBWB: 2026-05-31, MDYV: 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 MDYV?
Invesco KBW Bank ETF (KBWB, by Invesco) holds 24 positions; State Street® SPDR® S&P 400™ Mid Cap Value ETF (MDYV, by State Street (SPDR)) holds 297. They have 5 holdings in common, and by portfolio weight the two funds are 3.2% identical. In practical terms the pair is essentially distinct, holding almost none of the same securities.
- Overlap by Weight
- 3.2%Sum of the smaller weight of each shared holding
- Shared Holdings
- 5KBWB holds 24 · MDYV holds 297
- Weight in Shared Holdings
- KBWB 7%·MDYV 3%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
19 of 24 positions (92.5% of the fund) are not held by MDYV.
Only in MDYV
292 of 297 positions (96.7% of the fund) are not held by KBWB. Showing the top 30 by weight.
Sector Breakdown
| Sector | KBWB | MDYV |
|---|---|---|
| Financials | 99.8% | 23.4% |
| Industrials | 0.0% | 18.7% |
| Consumer Discretionary | 0.0% | 12.5% |
| Information Technology | 0.0% | 8.3% |
| Real Estate | 0.0% | 8.2% |
| Other Sectors | 0.0% | 28.8% |
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 |
|---|---|---|---|---|---|---|---|
| KBWB | +1.5% | +17.1% | +39.1% | +32.5% | +11.4% | +13.3% | 1.90% |
| MDYV | +3.1% | +15.2% | +23.9% | +12.9% | +9.2% | +10.6% | 1.64% |
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 MDYV →
Shared Holdings(5)
The top 5 shared positions account for 100% of the overlap, led by PNFP, FHN and ZION.
 PNFPPinnacle Financial Partners Inc. COM | 1.77% | 0.90% | 0.90% |
|---|---|---|---|
 FHNFirst Horizon Corporation COM | 1.40% | 0.69% | 0.69% |
 ZIONZions Bancorporation Natl Assn Global Bank COM | 1.11% | 0.59% | 0.59% |
 EWBCEast West Bancorp Inc COM | 2.02% | 0.50% | 0.50% |
 WALWestern Alliance Bancorporation | 1.05% | 0.47% | 0.47% |
Frequently Asked Questions
How much do KBWB and MDYV overlap?
KBWB and MDYV overlap by 3.2% of portfolio weight. They share 5 holdings (KBWB holds 24 positions and MDYV holds 297), based on each fund's latest SEC-reported holdings.
Is it redundant to own both KBWB and MDYV?
The two portfolios are 3.2% identical by weight. Owning both is genuine diversification: the funds hold almost none of the same securities.
What are the biggest shared holdings of KBWB and MDYV?
The largest positions held by both funds are PNFP, FHN, ZION, EWBC and WAL. Together the top 5 shared positions account for 100% of the total overlap.
What does KBWB own that MDYV doesn't?
19 positions (92.5% of KBWB) are unique to KBWB, led by MS, GS and BAC. In the other direction, 292 positions (96.7% of MDYV) are unique to MDYV.