KBWB vs VFH: Holdings Overlap
Invesco · 24 holdings · $6.8B · as of 2026-05-31
VFHVanguard Financials Index Fund
Vanguard · 411 holdings · $13.9B · as of 2026-05-31
How similar are KBWB and VFH?
Invesco KBW Bank ETF (KBWB, by Invesco) holds 24 positions; Vanguard Financials Index Fund (VFH, by Vanguard) holds 411. They have 24 holdings in common, and by portfolio weight the two funds are 32.9% identical. In practical terms the pair is moderately overlapping; they share a meaningful core, but each fund adds distinct exposure.
- Overlap by Weight
- 32.9%Sum of the smaller weight of each shared holding
- Shared Holdings
- 24KBWB holds 24 · VFH holds 411
- Weight in Shared Holdings
- KBWB 100%·VFH 35%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
Every position in KBWB is also held by VFH, so it brings nothing the other fund doesn’t already own.
Only in VFH
387 of 411 positions (61.8% of the fund) are not held by KBWB. Showing the top 30 by weight.
Sector Breakdown
| Sector | KBWB | VFH |
|---|---|---|
| Financials | 99.8% | 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 |
|---|---|---|---|---|---|---|---|
| KBWB | +1.5% | +17.1% | +39.1% | +32.5% | +11.4% | +13.3% | 1.90% |
| 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 KBWB vs VFH →
Shared Holdings(24)
The top 10 shared positions account for 86% of the overlap, led by JPM, BAC and GS.
 JPMJPMorgan Chase & Co. COM | 7.47% | 9.15% | 7.47% |
|---|---|---|---|
 BACBank of America Corp. COM | 7.76% | 4.25% | 4.25% |
 GSGoldman Sachs Group, Inc. (The) | 8.94% | 3.51% | 3.51% |
 MSMorgan Stanley COM NEW | 9.36% | 2.97% | 2.97% |
 WFCWells Fargo & Co. COM | 7.13% | 2.93% | 2.93% |
 CCitigroup Inc. COM NEW | 4.28% | 2.56% | 2.56% |
 COFCapital One Financial Corp. COM | 3.60% | 1.44% | 1.44% |
 BNYThe Bank of New York Mellon Corp. COM | 4.39% | 1.15% | 1.15% |
 PNCPNC Financial Services Group, Inc. (The) | 3.90% | 1.04% | 1.04% |
 USBU.S. Bancorp. COM NEW | 3.76% | 1.03% | 1.03% |
 TFCTruist Financial Corp. COM | 3.66% | 0.74% | 0.74% |
 FITBFifth Third Bancorp COM | 3.78% | 0.54% | 0.54% |
 STTState Street Corp. COM | 4.53% | 0.52% | 0.52% |
 MTBM&T Bank Corporation COM | 3.73% | 0.40% | 0.40% |
 HBANHuntington Bancshares Incorporated COM | 3.65% | 0.40% | 0.40% |
 NTRSNorthern Trust Corporation COM | 3.68% | 0.38% | 0.38% |
 CFGCitizens Financial Group Inc COM | 3.17% | 0.32% | 0.32% |
 RFRegions Financial Corporation COM | 2.90% | 0.30% | 0.30% |
 KEYKeyCorp COM | 2.78% | 0.24% | 0.24% |
 EWBCEast West Bancorp Inc COM | 2.02% | 0.20% | 0.20% |
 PNFPPinnacle Financial Partners Inc. COM | 1.77% | 0.18% | 0.18% |
 FHNFirst Horizon Corporation COM | 1.40% | 0.14% | 0.14% |
 ZIONZions Bancorporation Natl Assn Global Bank COM | 1.11% | 0.11% | 0.11% |
 WALWestern Alliance Bancorporation | 1.05% | 0.10% | 0.10% |
Frequently Asked Questions
How much do KBWB and VFH overlap?
KBWB and VFH overlap by 32.9% of portfolio weight. They share 24 holdings (KBWB holds 24 positions and VFH holds 411), based on each fund's latest SEC-reported holdings.
Is it redundant to own both KBWB and VFH?
The two portfolios are 32.9% identical by weight. Owning both is defensible: they share a meaningful core, but each fund adds exposure the other lacks.
What are the biggest shared holdings of KBWB and VFH?
The largest positions held by both funds are JPM, BAC, GS, MS and WFC. Together the top 10 shared positions account for 86% of the total overlap.
What does KBWB own that VFH doesn't?
Nothing. Every position in KBWB is also held by VFH. In the other direction, 387 positions (61.8% of VFH) are unique to VFH.