KBWB vs VOE: Holdings Overlap
Invesco · 24 holdings · $6.8B · as of 2026-05-31
VOEVanguard Mid-cap Value Index Fund
Vanguard · 170 holdings · $24.2B · as of 2026-03-31
Holdings snapshots are 61 days apart (KBWB: 2026-05-31, VOE: 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 KBWB and VOE?
Invesco KBW Bank ETF (KBWB, by Invesco) holds 24 positions; Vanguard Mid-cap Value Index Fund (VOE, by Vanguard) holds 170. They have 8 holdings in common, and by portfolio weight the two funds are 4.3% identical. In practical terms the pair is essentially distinct, holding almost none of the same securities.
- Overlap by Weight
- 4.3%Sum of the smaller weight of each shared holding
- Shared Holdings
- 8KBWB holds 24 · VOE holds 170
- Weight in Shared Holdings
- KBWB 28%·VOE 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 KBWB
16 of 24 positions (71.6% of the fund) are not held by VOE.
Sector Breakdown
| Sector | KBWB | VOE |
|---|---|---|
| Financials | 99.8% | 17.6% |
| Industrials | 0.0% | 13.6% |
| Energy | 0.0% | 13.0% |
| Utilities | 0.0% | 12.7% |
| Consumer Staples | 0.0% | 8.3% |
| Other Sectors | 0.0% | 34.3% |
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% |
| VOE | +3.2% | +17.9% | +26.2% | +15.9% | +10.1% | +10.8% | 1.80% |
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 VOE →
Shared Holdings(8)
The top 8 shared positions account for 100% of the overlap, led by FITB, STT and HBAN.
 FITBFifth Third Bancorp COM | 3.78% | 0.78% | 0.78% |
|---|---|---|---|
 STTState Street Corp. COM | 4.53% | 0.63% | 0.63% |
 HBANHuntington Bancshares Incorporated COM | 3.65% | 0.60% | 0.60% |
 MTBM&T Bank Corporation COM | 3.73% | 0.49% | 0.49% |
 NTRSNorthern Trust Corporation COM | 3.68% | 0.46% | 0.46% |
 CFGCitizens Financial Group Inc COM | 3.17% | 0.45% | 0.45% |
 RFRegions Financial Corporation COM | 2.90% | 0.42% | 0.42% |
 KEYKeyCorp COM | 2.78% | 0.41% | 0.41% |
Frequently Asked Questions
How much do KBWB and VOE overlap?
KBWB and VOE overlap by 4.3% of portfolio weight. They share 8 holdings (KBWB holds 24 positions and VOE holds 170), based on each fund's latest SEC-reported holdings.
Is it redundant to own both KBWB and VOE?
The two portfolios are 4.3% 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 VOE?
The largest positions held by both funds are FITB, STT, HBAN, MTB and NTRS. Together the top 8 shared positions account for 100% of the total overlap.
What does KBWB own that VOE doesn't?
16 positions (71.6% of KBWB) are unique to KBWB, led by MS, GS and BAC. In the other direction, 162 positions (95.2% of VOE) are unique to VOE.