KBWB vs XLF: holdings overlap, shared companies and scores

As of September 11, 2026, KBWB and XLF overlap 36.7% by weight. Invesco KBW Bank ETF (KBWB): U.S. banking stocks. State Street Financial Select Sector SPDR ETF (XLF): U.S. financial sector.

Updated September 11, 2026

How much do KBWB and XLF overlap?

As of September 11, 2026, KBWB and XLF overlap 36.7% by weight.

93% of KBWB is already inside XLF.

40% of XLF is already inside KBWB.

KBWB holds 25 companies and XLF holds 76; 19 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 KBWB and XLF?

As of September 11, 2026, ETF Copilot scores KBWB 3.9 out of 10 and XLF 4.1 out of 10.

They differ most on Quality: KBWB 0.9 and XLF 8.4.

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

KBWB vs XLF — ETF Copilot factor scores, 0–10
Factor	KBWB	XLF
Growth	2.2	0.3
Valuation	6.0	4.3
Risk	1.8	1.8
Quality	0.9	8.4
Return	7.6	6.2

XLF is the cheaper of the two at 0.08% a year

As of September 11, 2026, KBWB charges 0.35% a year, yields 2.54% and holds $6.8B in assets across 25 positions.

As of September 11, 2026, XLF charges 0.08% a year, yields 1.46% and holds $54.7B in assets across 76 positions.

KBWB vs XLF — cost, income and size
Measure	KBWB	XLF
Expense ratio	0.35%	0.08%
Dividend yield	2.54%	1.46%
Assets under management	$6.8B	$54.7B
Holdings	25	76

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 KBWB and XLF trade against their own history

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.

XLF trades at 16.1 times earnings, against its own median of 14.3, and is more expensive than 67% of its own 114 monthly readings since 2017.

What moved KBWB and XLF this week

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.

XLF fell 2.2% 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.

What do KBWB and XLF each hold?

61% of KBWB is its ten largest holdings.

What's inside XLF: Tech 2%.

57% of XLF is its ten largest holdings.

Compare with similar funds

Cite this

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