SPDR S&P Bank ETF (KBE) belongs to the Financials Equities category. Below you'll find alternative ETFs from the same category, ranked by key criteria, plus funds that investors commonly compare with KBE. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.
Cheapest Alternatives to KBE
KBE charges 0.35% annually. There are 7 ETFs in the Financials Equities category with lower expense ratios, going as low as 0.08%.
| Symbol | Name | Expense Ratio | AUM | Inception | |
|---|---|---|---|---|---|
| Fidelity MSCI Financials Index ETF | 0.08% | 2.17B | Oct 2013 | KBE vs FNCL | |
| State Street Financial Select Sector SPDR ETF | 0.08% | 51.89B | Dec 1998 | KBE vs XLF | |
| Vanguard Financials ETF | 0.09% | 13.50B | Jan 2004 | KBE vs VFH | |
| Gabelli Financial Services Opportunities ETF | 0.10% | 50.20M | May 2022 | KBE vs GABF | |
| Portfolio Building Block European Banks Index ETF | 0.13% | 22.30M | Nov 2025 | KBE vs PBEU |
Best Risk-Adjusted Alternatives to KBE
KBE has a PortfoliosLab risk / return rank of 35. There are 10 ETFs in the Financials Equities category with higher risk-adjusted ranks, going as high as 90.
| Symbol | Name | Risk / Return Rank | AUM | Inception | |
|---|---|---|---|---|---|
| HSBC Holdings plc ADRhedged ETF | 90 | 5.04M | Oct 2024 | KBE vs HSBH | |
| Themes Global Systemically Important Banks ETF | 80 | 24.99M | Dec 2023 | KBE vs GSIB | |
| Invesco KBW Bank ETF | 56 | 6.25B | Nov 2011 | KBE vs KBWB | |
| iShares MSCI Europe Financials ETF | 47 | 3.69B | Jan 2010 | KBE vs EUFN | |
| First Trust Nasdaq Bank ETF | 42 | 299.07M | Sep 2016 | KBE vs FTXO |
Top Performing KBE Alternatives (YTD)
KBE is at 11.37% YTD. There are 8 ETFs in the Financials Equities category with higher YTD returns, going as high as 26.93%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| HSBC Holdings plc ADRhedged ETF | 26.93% | 5.04M | Oct 2024 | KBE vs HSBH | |
| First Trust NASDAQ ABA Community Bank Index Fund | 16.85% | 83.48M | Jun 2009 | KBE vs QABA | |
| Themes Global Systemically Important Banks ETF | 16.30% | 24.99M | Dec 2023 | KBE vs GSIB | |
| SPDR S&P Regional Banking ETF | 14.14% | 4.33B | Jun 2006 | KBE vs KRE | |
| Portfolio Building Block European Banks Index ETF | 13.63% | 22.30M | Nov 2025 | KBE vs PBEU |
Lowest Volatility Alternatives to KBE
KBE has 21.63% 1-year volatility. There are 32 ETFs in the Financials Equities category with lower 1-year volatility, going as low as 9.43%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| RiverNorth Enhanced Pre-Merger SPAC ETF | 9.43% | 7.14M | Jul 2022 | KBE vs SPCZ | |
| iShares MSCI Kuwait ETF | 13.57% | 70.62M | Sep 2020 | KBE vs KWT | |
| iShares Global Financials ETF | 13.90% | 580.15M | Nov 2001 | KBE vs IXG | |
| iShares U.S. Financials ETF | 14.53% | 3.81B | May 2000 | KBE vs IYF | |
| State Street Financial Select Sector SPDR ETF | 14.62% | 51.89B | Dec 1998 | KBE vs XLF |
Lowest Drawdown Alternatives to KBE
KBE has a 1-year max drawdown of -14.63%. There are 16 ETFs in the Financials Equities category with shallower 1-year drawdowns, going as shallow as -3.82%.
| Symbol | Name | Max Drawdown 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| RiverNorth Enhanced Pre-Merger SPAC ETF | -3.82% | 7.14M | Jul 2022 | KBE vs SPCZ | |
| iShares U.S. Insurance ETF | -7.62% | 376.18M | May 2006 | KBE vs IAK | |
| Invesco KBW Property & Casualty Insurance ETF | -9.56% | 254.21M | Dec 2010 | KBE vs KBWP | |
| Invesco S&P SmallCap Financials ETF | -9.91% | 26.65M | Apr 2010 | KBE vs PSCF | |
| iShares Global Financials ETF | -11.33% | 580.15M | Nov 2001 | KBE vs IXG |
Other ETFs from State Street
The 10 most viewed State Street ETFs shown here include SPY, GLD, XLK and span 10 categories. AUM among these funds goes as high as $765B.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|---|---|
| State Street SPDR S&P 500 ETF | S&P 500 | 59 | 8.15% | 765.27B | Jan 1993 | KBE vs SPY | |
| SPDR Gold Shares | Gold, Precious Metals | 22 | -4.79% | 138.96B | Nov 2004 | KBE vs GLD | |
| State Street Technology Select Sector SPDR ETF | Technology Equities | 66 | 28.25% | 130.33B | Dec 1998 | KBE vs XLK | |
| State Street SPDR Portfolio S&P 500 Growth ETF | S&P 500, Large Cap Growth Equities | 45 | 8.70% | 52.13B | Sep 2000 | KBE vs SPYG | |
| State Street SPDR Portfolio S&P 500 High Dividend ... | S&P 500, Dividend | 47 | 12.56% | 7.30B | Oct 2015 | KBE vs SPYD | |
| State Street Energy Select Sector SPDR ETF | Energy Equities | 42 | 23.49% | 36.84B | Dec 1998 | KBE vs XLE | |
| SPDR Gold MiniShares Trust | Gold, Precious Metals | 22 | -4.72% | 28.75B | Jun 2018 | KBE vs GLDM | |
| State Street SPDR Portfolio S&P 500 ETF | S&P 500 | 59 | 8.21% | 148.87B | Nov 2005 | KBE vs SPYM | |
| State Street Utilities Select Sector SPDR ETF | Utilities Equities | 27 | 6.99% | 22.62B | Dec 1998 | KBE vs XLU | |
| SPDR Bloomberg 1-3 Month T-Bill ETF | Government Bonds, Ultrashort Bond | 100 | 1.67% | 46.54B | May 2007 | KBE vs BIL |
Often Compared With KBE
Investors most often compare KBE with CM, BNKS.L, VOO. These 19 comparison targets span 11 categories, based on PortfoliosLab usage data.
Compare KBE with Any Fund or Stock
Compare KBE with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
Pair KBE with funds that move differently
SPDR S&P Bank ETF alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to KBE.
Explore KBE Diversifiers