XLFI vs. KBWB

Last updated Jul 18, 2026

XLFI (State Street Financial Select Sector SPDR Premium Income ETF) and KBWB (Invesco KBW Bank ETF) are both exchange-traded funds - XLFI is a Derivative Income fund actively managed by State Street, while KBWB is a Financials Equities fund tracking the KBW Nasdaq Bank Index. XLFI is actively managed, while KBWB is passively managed. Their correlation of 0.82 suggests significant overlap in exposure. Both charge a 0.35% expense ratio.

Performance

XLFI vs. KBWB - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in State Street Financial Select Sector SPDR Premium Income ETF (XLFI) and Invesco KBW Bank ETF (KBWB). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, XLFI achieves a 2.34% return, which is significantly lower than KBWB's 16.31% return.

XLFI

• 1D: -0.50%
• 1M: 3.86%
• 6M: 2.74%
• YTD: 2.34%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

KBWB

• 1D: -1.47%
• 1M: 4.49%
• 6M: 13.82%
• YTD: 16.31%
• 1Y: 35.03%
• 3Y*: 33.82%
• 5Y*: 12.32%
• 10Y*: 13.72%

*Multi-year figures are annualized to reflect compound growth (CAGR)

XLFI vs. KBWB - Yearly Performance Comparison

	2026 (YTD)	2025
XLFI State Street Financial Select Sector SPDR Premium Income ETF	2.34%	5.40%
KBWB Invesco KBW Bank ETF	16.31%	14.15%

Correlation

The correlation between XLFI and KBWB is 0.82, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (All Time) Calculated using the full available price history since Jul 30, 2025	0.82

XLFI vs. KBWB - Sectors Allocation Comparison

Sectors	XLFI	KBWB
Financial Services	99.9%	100.0%
Basic Materials	-	-
Communication Services	-	-
Consumer Cyclical	-	-
Consumer Defensive	-	-
Energy	-	-
Healthcare	-	-
Industrials	-	-
Real Estate	-	-
Technology	-	-
Utilities	-	-

Return for Risk

XLFI vs. KBWB — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

XLFI

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

KBWB

KBWB Risk / Return Rank: 59
KBWB Sharpe Ratio Rank: 67
KBWB Sortino Ratio Rank: 62
KBWB Omega Ratio Rank: 63
KBWB Calmar Ratio Rank: 53
KBWB Martin Ratio Rank: 50

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

XLFI vs. KBWB - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for State Street Financial Select Sector SPDR Premium Income ETF (XLFI) and Invesco KBW Bank ETF (KBWB). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	XLFI	KBWB	Difference
Sharpe ratio: Return per unit of total volatility	—	1.73	—
Sortino ratio: Return per unit of downside risk	—	2.31	—
Omega ratio: Gain probability vs. loss probability	—	1.30	—
Calmar ratio: Return relative to maximum drawdown	—	2.15	—
Martin ratio: Return relative to average drawdown	—	6.77	—

Drawdowns

XLFI vs. KBWB - Drawdown Comparison

The maximum XLFI drawdown since its inception was -11.89%, smaller than the maximum KBWB drawdown of -50.27%. Use the drawdown chart below to compare losses from any high point for XLFI and KBWB.

Drawdown Indicators

	XLFI	KBWB	Difference
Max Drawdown Largest peak-to-trough decline	-11.89%	-50.27%	+38.38%
Max Drawdown (1Y) Largest decline over 1 year	—	-16.38%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-25.43%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-49.31%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-50.27%	—
Current Drawdown Current decline from peak	-0.50%	-1.54%	+1.04%
Average Drawdown Average peak-to-trough decline	-3.12%	-11.65%	+8.53%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	5.19%	—

Volatility

Volatility by Period

	XLFI	KBWB	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	5.48%	—
Volatility (6M) Calculated over the trailing 6-month period	—	16.04%	—
Volatility (1Y) Calculated over the trailing 1-year period	11.95%	20.38%	-8.43%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	11.95%	26.47%	-14.52%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	11.95%	29.04%	-17.09%

XLFI vs. KBWB - Expense Ratio Comparison

Both XLFI and KBWB have an expense ratio of 0.35%.

Dividends

XLFI vs. KBWB - Dividend Comparison

XLFI's dividend yield for the trailing twelve months is around 11.38%, more than KBWB's 1.92% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
KBWB Invesco KBW Bank ETF	1.92%	2.04%	2.46%	3.20%	3.05%	2.13%	2.62%	2.38%	2.54%	1.35%	1.53%	1.53%
XLFI State Street Financial Select Sector SPDR Premium Income ETF	11.38%	5.57%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both XLFI and KBWB in my portfolio?

XLFI and KBWB have a correlation of 0.82, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, XLFI or KBWB?

Both ETFs have the same 0.35% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, XLFI or KBWB?

XLFI and KBWB have the same expense ratio: 0.35% per year.

Which ETF pays a higher dividend yield, XLFI or KBWB?

XLFI has the higher dividend yield at 11.38%, compared with 1.92% for KBWB.

What is the main difference between XLFI and KBWB?

XLFI is categorized as Derivative Income, while KBWB is Financials Equities. They also come from different issuers: State Street and Invesco.