FXO vs KBE: holdings overlap, shared companies and scores

As of September 11, 2026, FXO and KBE overlap 23.7% by weight. First Trust Financials AlphaDEX Fund (FXO): U.S. financials stocks. State Street SPDR S&P Bank ETF (KBE): U.S. banking stocks.

Updated September 11, 2026

How much do FXO and KBE overlap?

As of September 11, 2026, FXO and KBE overlap 23.7% by weight.

25% of FXO is already inside KBE.

34% of KBE is already inside FXO.

FXO holds 104 companies and KBE holds 101; 33 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 FXO and KBE?

As of September 11, 2026, ETF Copilot scores FXO 4.4 out of 10 and KBE 2.6 out of 10.

They differ most on Quality: FXO 6.7 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.

FXO vs KBE — ETF Copilot factor scores, 0–10
Factor	FXO	KBE
Growth	0.3	2.4
Valuation	7.7	3.3
Risk	2.3	0.9
Quality	6.7	0.2
Return	6.2	5.0

KBE is the cheaper of the two at 0.35% a year

As of September 11, 2026, FXO charges 0.60% a year, yields 2.65% and holds $1.1B in assets across 104 positions.

As of September 11, 2026, KBE charges 0.35% a year, yields 2.71% and holds $1.6B in assets across 101 positions.

FXO vs KBE — cost, income and size
Measure	FXO	KBE
Expense ratio	0.60%	0.35%
Dividend yield	2.65%	2.71%
Assets under management	$1.1B	$1.6B
Holdings	104	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 FXO and KBE trade against their own history

FXO trades at 10.4 times earnings, against its own median of 11.4, and is cheaper than 61% 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 FXO and KBE this week

FXO fell 3.1% in the week to September 11, 2026. The holdings that moved it most were Factset Research Systems (−17.0%), Morningstar (−11.5%) and Hamilton Lane (−7.2%); Wells Fargo (+1.2%) 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 FXO and KBE each hold?

What's inside FXO: Tech 2%.

18% of FXO is its ten largest holdings.

11% of KBE is its ten largest holdings.

Compare with similar funds

Cite this

ETF Copilot, “FXO vs KBE holdings overlap and scores”, as of September 11, 2026.
https://etf-copilot.com/compare/fxo-vs-kbe