FNCL vs KBE: holdings overlap, shared companies and scores
As of September 11, 2026, FNCL and KBE overlap 16.3% by weight. Fidelity MSCI Financials Index ETF (FNCL): U.S. financials stocks. State Street SPDR S&P Bank ETF (KBE): U.S. banking stocks.
Updated September 11, 2026
How much do FNCL and KBE overlap?
As of September 11, 2026, FNCL and KBE overlap 16.3% by weight.
33% of FNCL is already inside KBE.
100% of KBE is already inside FNCL.
FNCL holds 377 companies and KBE holds 101; 101 are in both.
Computed by ETF Copilot from both funds' holdings rather than quoted from a data provider, and rebuilt nightly.
How does ETF Copilot score FNCL and KBE?
As of September 11, 2026, ETF Copilot scores FNCL 4.6 out of 10 and KBE 2.6 out of 10.
They differ most on Quality: FNCL 7.8 and KBE 0.2.
The five factor scores behind them are set out below, 0–10 and higher is better, ranked against every US equity ETF we track.
| Factor | FNCL | KBE |
|---|---|---|
| Growth | 0.8 | 2.4 |
| Valuation | 4.5 | 3.3 |
| Risk | 4.4 | 0.9 |
| Quality | 7.8 | 0.2 |
| Return | 6.3 | 5.0 |
FNCL is the cheaper of the two at 0.08% a year
As of September 11, 2026, FNCL charges 0.08% a year, yields 1.64% and holds $2.4B in assets across 377 positions.
As of September 11, 2026, KBE charges 0.35% a year, yields 2.71% and holds $1.6B in assets across 101 positions.
| Measure | FNCL | KBE |
|---|---|---|
| Expense ratio | 0.08% | 0.35% |
| Dividend yield | 1.64% | 2.71% |
| Assets under management | $2.4B | $1.6B |
| Holdings | 377 | 101 |
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.
Where FNCL and KBE trade against their own history
FNCL trades at 15.7 times earnings, against its own median of 14.1, and is more expensive than 65% of its own 114 monthly readings since 2017.
KBE trades at 12.8 times earnings, against its own median of 12.0, and is more expensive than 66% of its own 114 monthly readings since 2017.
What moved FNCL and KBE this week
FNCL fell 2.4% in the week to September 11, 2026. The holdings that moved it most were JPMorgan Chase (−1.6%), Visa (−2.2%) and Mastercard (−2.8%); Berkshire Hathaway (+0.5%) pushed the other way.
KBE fell 1.5% in the week to September 11, 2026. The holdings that moved it most were Bancorp (−25.3%), Rocket (−7.3%) and Wafd (−5.8%); Trustmark (+2.0%) pushed the other way.
What do FNCL and KBE each hold?
What's inside FNCL: Tech 2%.
49% of FNCL is its ten largest holdings.
11% of KBE is its ten largest holdings.
Compare with similar funds
Cite this
ETF Copilot, “FNCL vs KBE holdings overlap and scores”, as of September 11, 2026.
https://etf-copilot.com/compare/fncl-vs-kbe
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