SPDR S&P Bank ETF

$KBE · State Street · tracks S&P Banks Select Industry Index · since 2005

Dividend yield

2.64%

Expense ratio

0.35%

Assets

$2.6B

Weighted P/E

13.2x

About KBE

Equal-weighted exposure to the broader U.S. banking industry, including money-center banks, regional banks, thrifts, and asset managers. KBE is more diversified than KRE but less concentrated in pure regional banks.

Top holdings

JPMorgan Chase$JPM Bank of America$BAC Citigroup Inc.$C Wells Fargo$WFC U.S. Bancorp$USB PNC Financial Services$PNC M&T Bank$MTB Fifth Third Bancorp$FITB Regions Financial$RF Huntington Bancshares$HBAN

Sector exposure

Diversified Banks38.4%
Regional Banks52.6%
Thrifts & Mortgage Finance6.4%
Other2.6%

How StockWorthy analyses KBE

ETFs hold companies rather than generating cash flow themselves, so KBE is assessed on cost, income and the valuation of what it owns: the expense ratio, the current yield against its own 2.48% long-run average, and a holdings-weighted P/E and growth rate built from the underlying positions. Figures are educational and not investment advice.