Financial ETFs
Which financial sector ETFs are the largest today? As of October 9, 2026, the five largest of the 22 financial sector ETFs ETF Copilot covers are XLF, VFH, KBWB, IYF and KRE, by assets. Expense ratios across the five run from 0.08% to 0.37% a year, and their ETF Copilot overall scores run from 2.7 to 4.4.
Updated October 9, 2026
What stands out across Financial ETFs
Expense ratios across the 5 largest financial sector ETFs run from 0.08% to 0.37% a year, a median of 0.35%. XLF is the cheapest of the 5.
Across the 5 funds shown, ETF Copilot's overall scores run from 2.7 to 4.4 out of 10, with a median of 4.1.
Concentration varies widely among the 5 largest financial sector ETFs: the ten largest holdings account for 11% of assets in the least concentrated fund and 60% in the most, a median of 49% across the list.
3 of 5 are more concentrated than the typical fund in their own category, on ETF Copilot's concentration measure.
The typical fund among the 5 largest financial sector ETFs behaves like 25 equally weighted positions once holding weights are taken into account.
As of October 9, 2026, the largest Financial ETFs fund by assets is State Street Financial Select Sector SPDR ETF (XLF).
The 5 funds on this list
| # | Fund | ETF Copilot score | Expense ratio | Assets | Top 10 weight | Largest exposures |
|---|---|---|---|---|---|---|
| 1 | State Street Financial Select Sector SPDR ETF (XLF) | 4.1/10 | 0.08% | $50.4B | 58% | Tech 2% |
| 2 | Vanguard Financials ETF (VFH) | 4.1/10 | 0.09% | $15.2B | 47% | Tech 2% |
| 3 | Invesco KBW Bank ETF (KBWB) | 3.7/10 | 0.35% | $6.1B | 60% | |
| 4 | iShares U.S. Financials ETF (IYF) | 4.4/10 | 0.37% | $3.8B | 49% | Tech 1% |
| 5 | State Street SPDR S&P Regional Banking ETF (KRE) | 2.7/10 | 0.35% | $3.3B | 11% |
ETF Copilot's 0–10 score rates a fund on value, growth, quality and risk against every US equity ETF we track. How the scores are built →
Expense ratio, dividend yield and assets under management are reported by the fund and refreshed daily. Every other figure on this page is computed by ETF Copilot.
All 22 Financial ETFs ETF Copilot covers
- Davis Select Financial ETF (DFNL)
- Fidelity MSCI Financials Index ETF (FNCL)
- First Trust Nasdaq Bank ETF (FTXO)
- First Trust Financials AlphaDEX Fund (FXO)
- iShares U.S. Broker-Dealers & Securities Exchanges ETF (IAI)
- iShares U.S. Insurance ETF (IAK)
- iShares U.S. Regional Banks ETF (IAT)
- iShares Global Financials ETF (IXG)
- iShares U.S. Financials ETF (IYF)
- iShares U.S. Financial Services ETF (IYG)
- State Street SPDR S&P Bank ETF (KBE)
- Invesco KBW Bank ETF (KBWB)
- Invesco KBW Property & Casualty Insurance ETF (KBWP)
- State Street SPDR S&P Capital Markets ETF (KCE)
- State Street SPDR S&P Insurance ETF (KIE)
- State Street SPDR S&P Regional Banking ETF (KRE)
- Putnam BDC Income ETF (PBDC)
- Invesco Dorsey Wright Financial Momentum ETF (PFI)
- First Trust NASDAQ ABA Community Bank Index Fund (QABA)
- Invesco S&P 500 Equal Weight Financials ETF (RSPF)
- Vanguard Financials ETF (VFH)
- State Street Financial Select Sector SPDR ETF (XLF)
Which Financial ETFs are compared head to head?
Every published head-to-head between two Financial ETFs, the most searched first.
- XLF vs VFH
- KBWB vs VFH
- KBWB vs XLF
- IYF vs KBWB
- IYF vs VFH
- IYF vs XLF
- IYF vs KRE
- KBWB vs KRE
- KRE vs VFH
- KRE vs XLF
- FNCL vs IYF
- FNCL vs IYF vs VFH vs XLF
- FNCL vs KBWB
- FNCL vs KRE
- FNCL vs VFH
- FNCL vs XLF
- FNCL vs IYG
- IYF vs IYG
- IYG vs KBWB
- IYG vs KRE
- IYG vs VFH
- IYG vs XLF
- FNCL vs KBE
- IYF vs KBE
- IYG vs KBE
- KBE vs KBWB
- KBE vs KRE
- KBE vs VFH
- KBE vs XLF
- FNCL vs IAI
- IAI vs IYF
- IAI vs IYG
- IAI vs KBE
- IAI vs KBWB
- IAI vs KRE
- IAI vs VFH
- IAI vs XLF
- FNCL vs FXO
- FXO vs IAI
- FXO vs IYF
- FXO vs IYG
- FXO vs KBE
- FXO vs KBWB
- FXO vs KRE
- FXO vs VFH
- FXO vs XLF
Where is money going in Financials?
In the week to October 9, 2026, Financials moved +1.0% and saw -$1.6B of net fund flow, which ETF Copilot reads as price only — price moving without money following.
| Measure | Value |
|---|---|
| Price, 1 week | +1.0% |
| Net flow, 1 week | -$1.6B |
| Price, 1 month | -4.9% |
| Net flow, 1 month | -$1.2B |
Net fund flow is money into or out of the ETFs in this category, computed by ETF Copilot from daily fund assets. All 33 sectors side by side →
Cite this
ETF Copilot, “Financial ETFs — scores, concentration and exposure”, as of October 9, 2026.
https://etf-copilot.com/category/financials
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