SPDR S&P Bank ETF
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- Description
- Performance
- Comps
Fundamentals
Valuation
Rating
The KBW Bank ETF, before expenses, seeks to closely match the returns and characteristics of the KBW Bank Index. The index is a float adjusted modified-market capitalization weighted index of geographically diverse companies representing national money center banks and regional banking institutions listed on U.S. stock markets. |
Category | US Equities |
Fund Sponsor | State Street Global Advisors |
Website | www.ssgafunds.com |
Inception date | Nov 08, 2005 |
Assets (mns) | $2,979 |
Currency | USD |
Expense ratio | 35 bp |
Distributions | Quarterly |
Regulation | Open-Ended Fund |
Custodian | State Street Bank & Trust |
Weighting | Equal |
Index replication | Full |
Uses derivatives | No |
Options available | Yes |
No. of constituents | 91 |
Wgt avg mkt cap (mns) | $30,121 |
Large cap (>$10bn) | 35.6% |
Mid cap ($2-10bn) | 61.5% |
Small cap (<$2bn) | 2.9% |
Developed mkts | 100.0% |
Emerging mkts | 0.0% |
SVB FINANCIAL GROUP | 2.3 % |
STERLING BANCORP | 2.1 % |
FIRST REPUBLIC BANK/CA | 2.1 % |
SIGNATURE BANK | 2.1 % |
COMERICA INC | 2.1 % |
REGIONS FINANCIAL CORP | 2.0 % |
ZIONS BANCORPORATION | 2.0 % |
KEYCORP | 2.0 % |
FIRST HORIZON NATIONAL CORP | 2.0 % |
FIFTH THIRD BANCORP | 2.0 % | Total | 20.6 % |
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UNITED STATES | 97.1 % |
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PUERTO RICO | 1.5 % |
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BERMUDA | 1.4 % |
HISTORICAL PERFORMANCE 

Custom date range | Compare to | ||
thru |
Year-to-date | 1 year | 5 years | 10 years | Since Incep. |
-8.8% | -8.8% | 6.6% | 7.0% | 0.9% |
versus... | Beta | R-squared |
S&P500 | 1.43 | 71% |
MSCI EAFE | 1.39 | 66% |
MSCI Emg. Mkts. | 1.23 | 66% |
Recent close | $45.13 |
30d moving avg. | $42.97 |
Annualized volatility | 32.0% |
Short interest (ETF) | 12.3% |
Short interest (Underlying) | 4.4% |
Relative strength (RSI) | 63 |
Avg. volume (thou.) | 3,262 |
Turnover | 4.9% |
Bid/Ask (% of price) | 0.03% |
ADV underlying (mns) | $12,157 |
FINDING ALTERNATIVE FUNDS
Below is a list of 99 potential alternatives to the SPDR S&P Bank ETF ETF based on the alternatives' overlap in portfolio holdings with KBE. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.
Benchmark ticker: | KBE | Expense: | 35 bp | ALTAR Score™: | 8.2% |
Ticker | Fund Name |
Overlap1 vs KBE (%) |
Expense ratio (bp) |
Savings vs KBE (bp) |
ALTAR Score™ (%) |
ALTAR vs KBE (%) |
KRE | SPDR S&P Regional Banking ETF | 70.0 | 35 | 0 | 7.5 | -0.7 |
IAT | iShares U.S. Regional Banks ETF | 54.1 | 42 | -7 | 7.9 | -0.3 |
FTXO | First Trust Nasdaq Bank ETF | 48.1 | 60 | -25 | 6.7 | -1.5 |
KBWB | Invesco KBW Bank ETF | 40.4 | 35 | 0 | 7.9 | -0.3 |
KBWR | Invesco KBW Regional Banking ETF | 38.4 | 35 | 0 | 7.6 | -0.6 |
FXO | First Trust Financials AlphaDEX Fund | 35.9 | 63 | -28 | 9.2 | +1.0 |
RYF | Invesco S&P 500 Equal Weight Financials ETF | 31.7 | 40 | -5 | 7.5 | -0.7 |
IEFN | iShares Evolved U.S. Financials ETF | 26.8 | 18 | 17 | 7.5 | -0.7 |
IYG | iShares US Financial Services ETF | 24.8 | 42 | -7 | 5.9 | -2.4 |
FNCL | Fidelity MSCI Financials Index ETF | 24.4 | 8 | 27 | 7.2 | -1.1 |
VFH | Vanguard Financials Index Fund | 23.7 | 10 | 25 | 7.2 | -1.1 |
JHMF | John Hancock Multifactor Financials ETF | 23.6 | 40 | -5 | 6.4 | -1.9 |
QABA | First Trust NASDAQ ABA Community Bank Index Fund | 22.1 | 60 | -25 | 7.6 | -0.7 |
XLF | Financial Select Sector SPDR Fund | 20.0 | 13 | 22 | 6.8 | -1.4 |
IYF | iShares U.S. Financials ETF | 18.3 | 42 | -7 | 6.0 | -2.3 |
FOVL | iShares Focused Value Factor ETF | 18.2 | 25 | 10 | 7.7 | -0.5 |
DVY | iShares Select Dividend ETF | 18.1 | 39 | -4 | 8.0 | -0.2 |
SPYD | SPDR S&P 500 High Dividend ETF | 16.5 | 7 | 28 | 9.2 | +0.9 |
RFV | Invesco S&P Midcap 400 Pure Value ETF | 16.5 | 35 | 0 | 8.9 | +0.7 |
DFNL | Davis Select Financial ETF | 15.9 | 64 | -29 | 6.8 | -1.5 |
AUSF | Global X Adaptive U.S. Factor ETF | 14.8 | 27 | 8 | 8.0 | -0.2 |
PFI | Invesco DWA Financial Momentum ETF | 14.6 | 60 | -25 | 4.9 | -3.3 |
WBIY | WBI Power Factor High Dividend ETF | 14.2 | 70 | -35 | 8.4 | +0.2 |
EQRR | ProShares Equities for Rising Rates ETF | 13.9 | 35 | 0 | 6.2 | -2.1 |
SDVY | First Trust SMID Cap Rising Dividend Achievers ETF | 13.9 | 60 | -25 | 6.1 | -2.1 |
IXG | iShares Global Financials ETF | 13.9 | 46 | -11 | 8.5 | +0.3 |
RPV | Invesco S&P 500 Pure Value ETF | 13.8 | 35 | 0 | 9.9 | +1.6 |
FNK | First Trust Mid Cap Value AlphaDEX Fund | 13.7 | 70 | -35 | 7.7 | -0.5 |
PSC | Principal U.S. Small Cap Index ETF | 13.3 | 38 | -3 | 4.6 | -3.6 |
IJJ | iShares S&P Mid-Cap 400 Value ETF | 13.3 | 18 | 17 | 6.9 | -1.3 |
MDYV | SPDR S&P 400 Mid Cap Value ETF | 13.2 | 15 | 20 | 6.9 | -1.3 |
JKL | iShares Morningstar Small Cap Value ETF | 13.2 | 30 | 5 | 7.6 | -0.7 |
CDL | VictoryShares US Large Cap High Dividend Volatility Wtd Idx | 13.0 | 35 | 0 | 7.7 | -0.6 |
CDC | VictoryShares US EQ Income Enhanced Volatility Wtd Index ETF | 13.0 | 35 | 0 | 7.7 | -0.6 |
QDIV | Global X S&P 500 Quality Dividend ETF | 12.9 | 20 | 15 | 6.5 | -1.7 |
PKW | Invesco Buyback Achievers ETF | 12.9 | 62 | -27 | 5.4 | -2.8 |
RDVY | First Trust Rising Dividend Achievers ETF | 12.6 | 50 | -15 | 6.4 | -1.8 |
FDL | First Trust Morningstar Dividend Leaders Index Fund | 12.6 | 45 | -10 | 9.1 | +0.9 |
FYT | First Trust Small Cap Value AlphaDEX Fund | 12.3 | 72 | -37 | 8.0 | -0.2 |
SPVU | Invesco S&P 500 Enhanced Value ETF | 12.2 | 13 | 22 | 9.4 | +1.2 |
FAB | First Trust Multi Cap Value AlphaDEX Fund | 12.0 | 71 | -36 | 7.5 | -0.7 |
PY | Principal Shareholder Yield Index ETF | 12.0 | 15 | 20 | 7.8 | -0.5 |
AVUV | Avantis U.S. Small Cap Value ETF | 11.9 | 25 | 10 | 6.4 | -1.9 |
JKJ | iShares Morningstar Small-Cap ETF | 11.8 | 25 | 10 | 5.1 | -3.2 |
EZM | WisdomTree U.S. MidCap Earnings Fund | 11.7 | 38 | -3 | 7.6 | -0.7 |
IVOV | Vanguard S&P Mid-Cap 400 Value ETF | 11.7 | 15 | 20 | 6.7 | -1.5 |
SVAL | iShares US Small Cap Value Factor ETF | 11.7 | 20 | 15 | 8.3 | +0.1 |
RDIV | Invesco S&P Ultra Dividend Revenue ETF | 11.5 | 39 | -4 | 8.7 | +0.5 |
LEND | Amplify CrowdBureau Peer-to-Peer Lending & Crowdfunding ETF | 11.5 | 65 | -30 | 15.3 | +7.1 |
VYM | Vanguard High Dividend Yield Index ETF | 11.3 | 6 | 29 | 6.6 | -1.6 |
RAFE | PIMCO RAFI ESG U.S. ETF | 11.3 | 30 | 5 | 6.6 | -1.6 |
VFVA | Vanguard U.S. Value Factor ETF | 11.3 | 14 | 21 | 8.4 | +0.2 |
DON | WisdomTree U.S. MidCap Dividend Fund | 11.2 | 38 | -3 | 6.7 | -1.5 |
DIVB | iShares U.S. Dividend & Buyback ETF | 10.9 | 25 | 10 | 5.9 | -2.4 |
ALTL | Pacer Lunt Large Cap Alternator ETF | 10.8 | 60 | -25 | 5.6 | -2.6 |
SPHB | Invesco S&P 500 High Beta ETF | 10.7 | 25 | 10 | 5.9 | -2.3 |
PSCF | Invesco S&P SmallCap Financials ETF | 10.5 | 29 | 6 | 9.0 | +0.7 |
FLV | American Century Focused Large Cap Value ETF | 10.3 | 42 | -7 | 5.8 | -2.4 |
VOOV | Vanguard S&P 500 Value ETF | 10.0 | 10 | 25 | 6.6 | -1.7 |
AMCA | iShares Russell 1000 Pure U.S. Revenue ETF | 9.8 | 15 | 20 | 6.0 | -2.3 |
PWV | Invesco Dynamic Large Cap Value ETF | 9.8 | 56 | -21 | 6.8 | -1.4 |
FTA | First Trust Large Cap Value AlphaDEX Fund | 9.8 | 60 | -25 | 7.3 | -0.9 |
DBLV | AdvisorShares DoubleLine Value Equity ETF | 9.8 | 91 | -56 | 5.4 | -2.8 |
VLU | SPDR S&P 1500 Value Tilt ETF | 9.6 | 12 | 23 | 6.1 | -2.1 |
JKF | iShares Morningstar Large Cap Value ETF | 9.5 | 25 | 10 | 6.6 | -1.7 |
DGRO | iShares Core Dividend Growth ETF | 9.5 | 8 | 27 | 6.0 | -2.3 |
FUNL | CornerCap Fundametrics Large-Cap ETF | 9.5 | 50 | -15 | 7.2 | -1.1 |
PSM | Principal U.S. Small-MidCap Multi-Factor Core Index ETF | 9.5 | 20 | 15 | 7.1 | -1.1 |
BFOR | Barron's 400 ETF | 9.5 | 65 | -30 | 5.6 | -2.7 |
KVLE | KFA Value Liner Dynamic Core Equity Index ETF | 9.4 | 56 | -21 | 5.7 | -2.6 |
SYV | SPDR MFS Systematic Value Equity ETF | 9.4 | 60 | -25 | 5.9 | -2.3 |
FDVV | Fidelity Core Dividend ETF | 9.4 | 29 | 6 | 6.1 | -2.2 |
DUSA | Davis Select U.S. Equity ETF | 9.2 | 63 | -28 | 5.5 | -2.8 |
EWMC | Invesco S&P MidCap 400 Equal Weight ETF | 9.2 | 40 | -5 | 5.6 | -2.6 |
VBR | Vanguard Small Cap Value Index Fund | 9.2 | 7 | 28 | 6.4 | -1.8 |
IWN | iShares Russell 2000 Value ETF | 9.1 | 24 | 11 | 5.1 | -3.2 |
SCHD | Schwab U.S. Dividend Equity ETF | 9.1 | 6 | 29 | 7.1 | -1.1 |
DHS | WisdomTree U.S. High Dividend Fund | 9.0 | 38 | -3 | 8.4 | +0.1 |
HOMZ | Hoya Capital Housing ETF | 9.0 | 30 | 5 | 6.8 | -1.4 |
SPGP | Invesco S&P 500 GARP ETF | 8.8 | 34 | 1 | 6.2 | -2.1 |
NIFE | Direxion Fallen Knives ETF | 8.8 | 50 | -15 | 4.2 | -4.1 |
ESGS | Columbia Sustainable U.S. Equity Income ETF | 8.8 | 35 | 0 | 7.4 | -0.8 |
FCTR | First Trust Lunt U.S. Factor Rotation ETF | 8.7 | 65 | -30 | 1.2 | -7.0 |
FYX | First Trust Small Cap Core AlphaDEX Fund | 8.6 | 63 | -28 | 5.4 | -2.8 |
FGD | First Trust Dow Jones Global Select Dividend Index Fund | 8.5 | 59 | -24 | 10.0 | +1.8 |
VETS | Pacer Military Times Best Employers ETF | 8.5 | 60 | -25 | 6.1 | -2.2 |
BKSE | BNY Mellon US Small Cap Core Equity ETF | 8.5 | 4 | 31 | 4.7 | -3.6 |
IUSV | iShares Core S&P U.S. Value ETF | 8.4 | 4 | 31 | 6.4 | -1.8 |
MGV | Vanguard Mega Cap Value ETF | 8.3 | 7 | 28 | 6.4 | -1.8 |
VONV | Vanguard Russell 1000 Value Index Fund | 8.3 | 8 | 27 | 6.1 | -2.1 |
IWX | iShares Russell Top 200 Value ETF | 8.1 | 20 | 15 | 6.0 | -2.2 |
VTV | Vanguard Value Index Fund | 8.1 | 4 | 31 | 6.5 | -1.7 |
FNX | First Trust Mid Cap Core AlphaDEX Fund | 8.1 | 61 | -26 | 5.1 | -3.2 |
SLYV | SPDR S&P 600 Small Cap Value ETF | 8.1 | 15 | 20 | 7.0 | -1.3 |
TPSC | Timothy Plan US Small Cap Core ETF | 8.1 | 52 | -17 | 5.7 | -2.5 |
IWD | iShares Russell 1000 Value ETF | 8.0 | 19 | 16 | 6.0 | -2.2 |
VTWV | Vanguard Russell 2000 Value Index Fund | 8.0 | 15 | 20 | 5.2 | -3.0 |
CSF | VictoryShares US Discovery Enhanced Volatility Weighted Idx | 7.9 | 35 | 0 | 6.0 | -2.2 |
CSA | VictoryShares US Small Cap Volatility Weighted Index ETF | 7.9 | 35 | 0 | 6.0 | -2.2 |
1Overlap is the percentage of holdings by weight that are identical. For example, if Fund A has a 2% position in Apple, Inc. (AAPL) and Fund B has a 5% position, their overlapping position in AAPL is 2%.
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RESULTS & ESTIMATES
2015 | 2016 | 2017 | 2018 | 2019 | 2020E | 2021E | |
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Sales per share | ** | ** | ** | ** | ** | ** | ** |
Earnings per share | ** | ** | ** | ** | ** | ** | ** |
Dividends per share ![]() |
** | ** | ** | ** | ** | ** | ** |
Book value per share | ** | ** | ** | ** | ** | ** | ** |
Sales per share growth | **% | **% | **% | **% | **% | **% | |
EPS growth | **% | **% | **% | **% | **% | **% |
Sales per share growth | **% | **% | **% | **% | **% | **% | |
EPS growth | **% | **% | **% | **% | **% | **% |
OTHER FUNDAMENTAL METRICS
Long term EPS growth est. | **% | Debt-to-equity | **x | |
Asset turnover | **% | Assets-to-equity | **x |
*Six months ago = 100 |
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VALUATION METRICS
2019 | 2020E | 2021E | |
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Price-to-sales | ** | ** | ** |
Price-to-earnings | ** | ** | ** |
Price-to-cash flow | ** | ** | ** |
Price-to-growth | ** | ** | ** |
Price-to-book value | ** | ** | ** |
Yield | ** | ** | ** |
Historical valuation trends
Forward multiple: |
SPDR S&P Bank ETF | |||
Relative to: |
S&P500 | MSCI EAFE | MSCI Emg. Mkts. | Other ETF: |
SPECULATIVE |
Deeply undervalued but risky. A rating of SPECULATIVE is assigned to ETFs with ALTAR Scores in the top quintile (the top 20%) of their category, indicating exceptional appreciation potential. However, often these are narrowly-focused funds or in industries with structural issues, which may also make them very risky. Nonetheless they may still be useful as part of a well-diversified portfolio. |
ALTAR Score™
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MODERN PORTFOLIO THEORY
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CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
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