KBWB vs SPY
Comparison between INVESCO KBW BANK ETF (KBWB, ETF) and SPDR S&P 500 ETF Trust (SPY, ETF).
5-Year PerformanceSPY has outperformed KBWB, delivering a return of +13.3% compared to +7.5%
KBWB vs SPY - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
Net Assets
KBWB
$4.80B
Winner
SPY
$652B
Expense Ratio
KBWB
0.35%
Winner
SPY
0.09%
Max Drawdown
Winner
KBWB
52.05%
SPY
56.47%
Sharpe Ratio
KBWB
1.58
Winner
SPY
2.07
5Y Beta
KBWB
1.09
Winner
SPY
1.00
P/E Ratio
Winner
KBWB
14.05
SPY
28.24
Forward P/E
Winner
KBWB
12.42
SPY
21.85
PEG Ratio
KBWB
0.47
SPY
N/A
5Y Dividends CAGR
Winner
KBWB
6.47%
SPY
5.43%
5Y EPS CAGR
KBWB
9.24%
Winner
SPY
25.79%
Debt to Equity
KBWB
79.61%
Winner
SPY
22.35%
P/S Ratio
KBWB
3.69
Winner
SPY
3.55
P/B Ratio
Winner
KBWB
1.57
SPY
5.29
KBWB vs SPY - Holdings Comparison
KBWB and SPY have 20 common holdings. Overlap is 4.69%
KBWB's top 25 holdings weight is 99.82%. SPY's top 25 holdings weight is 51.32%.
| Rank | KBWB | SPY |
|---|---|---|
| #1 | MORGAN STANLEY (MS) - 8.56% | NVIDIA CORP (NVDA) - 8.45% |
| #2 | THE GOLDMAN SACHS GROUP INC (GS) - 8.07% | APPLE INC (AAPL) - 6.48% |
| #3 | BANK OF AMERICA CORP (BAC) - 7.91% | MICROSOFT CORP (MSFT) - 5.20% |
| #4 | JPMORGAN CHASE & CO (JPM) - 7.76% | AMAZON.COM INC (AMZN) - 4.14% |
| #5 | WELLS FARGO & CO (WFC) - 7.49% | ALPHABET INC CLASS A (GOOGL) - 3.32% |
| #6 | STATE STREET CORP (STT) - 4.44% | BROADCOM INC (AVGO) - 3.09% |
| #7 | CITIGROUP INC (C) - 4.37% | ALPHABET INC CLASS C (GOOG) - 2.65% |
| #8 | BANK OF NEW YORK MELLON CORP (BK) - 4.20% | META PLATFORMS INC CLASS A (META) - 2.40% |
| #9 | PNC FINANCIAL SERVICES GROUP INC (PNC) - 3.89% | TESLA INC (TSLA) - 1.73% |
| #10 | TRUIST FINANCIAL CORP (TFC) - 3.88% | BERKSHIRE HATHAWAY INC CLASS B (BRK-B) - 1.43% |
| #11 | U.S. BANCORP (USB) - 3.85% | JPMORGAN CHASE & CO (JPM) - 1.37% |
| #12 | FIFTH THIRD BANCORP (FITB) - 3.81% | ELI LILLY AND CO (LLY) - 1.13% |
| #13 | M&T BANK CORP (MTB) - 3.75% | EXXON MOBIL CORP (XOM) - 1.03% |
| #14 | NORTHERN TRUST CORP (NTRS) - 3.71% | MICRON TECHNOLOGY INC (MU) - 0.93% |
| #15 | HUNTINGTON BANCSHARES INC (HBAN) - 3.69% | WALMART INC (WMT) - 0.91% |
| #16 | CAPITAL ONE FINANCIAL CORP (COF) - 3.67% | JOHNSON & JOHNSON (JNJ) - 0.90% |
| #17 | CITIZENS FINANCIAL GROUP INC (CFG) - 3.31% | ADVANCED MICRO DEVICES INC (AMD) - 0.86% |
| #18 | REGIONS FINANCIAL CORP (RF) - 2.93% | VISA INC CLASS A (V) - 0.85% |
| #19 | KEYCORP (KEY) - 2.86% | COSTCO WHOLESALE CORP (COST) - 0.72% |
| #20 | EAST WEST BANCORP INC (EWBC) - 2.06% | MASTERCARD INC CLASS A (MA) - 0.67% |
| #21 | PINNACLE FINANCIAL PARTNERS INC (PNFP) - 1.79% | INTEL CORP (INTC) - 0.65% |
| #22 | FIRST HORIZON CORP (FHN) - 1.42% | NETFLIX INC (NFLX) - 0.64% |
| #23 | ZIONS BANCORP NA (ZION) - 1.12% | CATERPILLAR INC (CAT) - 0.62% |
| #24 | WESTERN ALLIANCE BANCORP (WAL) - 1.06% | CHEVRON CORP (CVX) - 0.58% |
| #25 | E-MINI FINANCIAL SELECT SECTOR FUTURE JUNE 26 (n/a) - 0.22% | PROCTER & GAMBLE CO (PG) - 0.57% |
| Total Holdings | 28 | 505 |
KBWB vs SPY - Historical Returns
Returns include dividend reinvestment.
1M
KBWB
+1.09%
Winner
SPY
+9.11%
3M
KBWB
-5.43%
Winner
SPY
+6.59%
6M
Winner
KBWB
+11.22%
SPY
+10.56%
1Y
Winner
KBWB
+37.72%
SPY
+32.04%
5Y(CAGR)
KBWB
+7.50%
Winner
SPY
+13.35%
10Y(CAGR)
KBWB
+12.41%
Winner
SPY
+15.49%
Max(CAGR)
Winner
KBWB
+13.11%
SPY
+8.50%
KBWB vs SPY - Annual Returns (1999 - 2026)
Returns include dividend reinvestment.
| Year | KBWB | SPY |
|---|---|---|
| 2026 | +0.02% | +8.27% |
| 2025 | +32.15% | +18.00% |
| 2024 | +35.45% | +25.59% |
| 2023 | -1.73% | +26.72% |
| 2022 | -23.70% | -18.64% |
| 2021 | +39.08% | +30.52% |
| 2020 | -10.99% | +17.28% |
| 2019 | +33.02% | +31.09% |
| 2018 | -18.51% | -5.24% |
| 2017 | +17.18% | +20.78% |
| 2016 | +31.24% | +13.59% |
| 2015 | +0.35% | +1.31% |
| 2014 | +9.61% | +14.56% |
| 2013 | +33.14% | +29.00% |
| 2012 | +28.41% | +14.17% |
| 2011 | +2.11% | +0.85% |
| 2010 | N/A | +13.14% |
| 2009 | N/A | +22.67% |
| 2008 | N/A | -36.25% |
| 2007 | N/A | +5.32% |
| 2006 | N/A | +13.85% |
| 2005 | N/A | +5.32% |
| 2004 | N/A | +10.75% |
| 2003 | N/A | +24.18% |
| 2002 | N/A | -22.42% |
| 2001 | N/A | -10.13% |
| 2000 | N/A | -8.84% |
| 1999 | N/A | +8.61% |
KBWB vs SPY Drawdown Comparison
The maximum drawdown for KBWB was -50.23%, occurring on Mar 23, 2020. Recovery took 261 trading sessions.
The maximum drawdown for SPY was -55.20%, occurring on Mar 9, 2009. Recovery took 1224 trading sessions.
The current KBWB drawdown is -5.43%.
| Rank | KBWB | SPY |
|---|---|---|
| #1 | -50.23% Jan 2, 2020 - Jan 14, 2021 | -55.20% Oct 9, 2007 - Aug 16, 2012 |
| #2 | -49.32% Jan 13, 2022 - Nov 21, 2024 | -47.50% Mar 24, 2000 - Oct 26, 2006 |
| #3 | -29.41% Feb 1, 2018 - Dec 12, 2019 | -33.70% Feb 19, 2020 - Aug 10, 2020 |
| #4 | -29.08% Jul 22, 2015 - Nov 9, 2016 | -24.50% Jan 3, 2022 - Dec 13, 2023 |
| #5 | -25.44% Feb 6, 2025 - Jun 30, 2025 | -19.34% Sep 20, 2018 - Apr 12, 2019 |
| #6 | -18.02% Mar 26, 2012 - Sep 13, 2012 | -18.76% Feb 19, 2025 - Jun 26, 2025 |
| #7 | -16.38% Feb 9, 2026 - Mar 13, 2026 | -13.02% Jul 20, 2015 - Apr 18, 2016 |
| #8 | -13.21% Jun 1, 2021 - Oct 5, 2021 | -10.10% Jan 26, 2018 - Aug 6, 2018 |
| #9 | -12.69% Nov 8, 2011 - Jan 3, 2012 | -9.44% Sep 2, 2020 - Nov 11, 2020 |
| #10 | -11.68% Dec 29, 2014 - May 4, 2015 | -9.30% Jan 19, 2000 - Mar 17, 2000 |
| #11 | -11.52% Jan 14, 2021 - Feb 16, 2021 | -9.05% Jul 19, 2007 - Oct 5, 2007 |
| #12 | -11.18% Mar 1, 2017 - Sep 27, 2017 | -8.88% Jan 27, 2026 - Apr 14, 2026 |
| #13 | -10.86% Oct 22, 2021 - Jan 6, 2022 | -8.41% Jul 16, 2024 - Sep 19, 2024 |
| #14 | -10.20% Sep 18, 2014 - Dec 5, 2014 | -7.35% Sep 14, 2012 - Jan 2, 2013 |
| #15 | -9.98% Nov 25, 2024 - Jan 30, 2025 | -7.27% Sep 18, 2014 - Oct 31, 2014 |
Correlation
Correlation between KBWB and SPY is 0.93 which considered as a very strong positive correlation - the stocks move almost identically together.
0.93
-101
Dividend Comparison (1999 - 2026)
KBWB vs SPY dividend yield comparison.
| Year | KBWB | SPY |
|---|---|---|
| 2026 | 0.57% | 0.24% |
| 2025 | 2.04% | 1.07% |
| 2024 | 2.46% | 1.21% |
| 2023 | 3.20% | 1.40% |
| 2022 | 3.05% | 1.65% |
| 2021 | 2.13% | 1.20% |
| 2020 | 2.62% | 1.52% |
| 2019 | 2.38% | 1.75% |
| 2018 | 2.54% | 2.04% |
| 2017 | 1.35% | 1.80% |
| 2016 | 1.53% | 2.03% |
| 2015 | 1.53% | 2.06% |
| 2014 | 1.52% | 1.87% |
| 2013 | 1.43% | 1.81% |
| 2012 | 1.27% | 2.18% |
| 2011 | 1.33% | 2.05% |
| 2010 | 0.00% | 1.80% |
| 2009 | 0.00% | 1.95% |
| 2008 | 0.00% | 3.02% |
| 2007 | 0.00% | 1.85% |
| 2006 | 0.00% | 1.73% |
| 2005 | 0.00% | 1.73% |
| 2004 | 0.00% | 1.82% |
| 2003 | 0.00% | 1.47% |
| 2002 | 0.00% | 1.70% |
| 2001 | 0.00% | 1.25% |
| 2000 | 0.00% | 1.15% |
| 1999 | 0.00% | 0.24% |
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