FNCL vs KBWB: holdings overlap, shared companies and scores

As of September 11, 2026, FNCL and KBWB overlap 34.2% by weight. Fidelity MSCI Financials Index ETF (FNCL): U.S. financials stocks. Invesco KBW Bank ETF (KBWB): U.S. banking stocks.

Updated September 11, 2026

How much do FNCL and KBWB overlap?

As of September 11, 2026, FNCL and KBWB overlap 34.2% by weight.

36% of FNCL is already inside KBWB.

100% of KBWB is already inside FNCL.

FNCL holds 377 companies and KBWB holds 25; 25 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 KBWB?

As of September 11, 2026, ETF Copilot scores FNCL 4.6 out of 10 and KBWB 3.9 out of 10.

They differ most on Quality: FNCL 7.8 and KBWB 0.9.

The five factor scores behind them are set out below, 0–10 and higher is better, ranked against every US equity ETF we track.

FNCL vs KBWB — ETF Copilot factor scores, 0–10
Factor	FNCL	KBWB
Growth	0.8	2.2
Valuation	4.5	6.0
Risk	4.4	1.8
Quality	7.8	0.9
Return	6.3	7.6

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, KBWB charges 0.35% a year, yields 2.54% and holds $6.8B in assets across 25 positions.

FNCL vs KBWB — cost, income and size
Measure	FNCL	KBWB
Expense ratio	0.08%	0.35%
Dividend yield	1.64%	2.54%
Assets under management	$2.4B	$6.8B
Holdings	377	25

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 KBWB 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.

KBWB trades at 14.0 times earnings, against its own median of 12.3, and is more expensive than 66% of its own 114 monthly readings since 2017.

What moved FNCL and KBWB 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.

KBWB fell 0.8% in the week to September 11, 2026. The holdings that moved it most were Capital ONE Financial (−5.5%), JPMorgan Chase (−1.6%) and Morgan Stanley (−1.3%); Wells Fargo (+1.2%) pushed the other way.

What do FNCL and KBWB each hold?

What's inside FNCL: Tech 2%.

49% of FNCL is its ten largest holdings.

61% of KBWB is its ten largest holdings.

Compare with similar funds

Cite this

ETF Copilot, “FNCL vs KBWB holdings overlap and scores”, as of September 11, 2026.
https://etf-copilot.com/compare/fncl-vs-kbwb