Is KBE a good investment?

State Street SPDR S&P Bank ETF (KBE) is a financial sector ETF. As of September 11, 2026, ETF Copilot scores KBE 2.6 out of 10 — highest on Return (5.0), lowest on Quality (0.2). It trades at 12.8 times earnings, against its own median of 12.0. Its ten largest holdings are 11% of the fund.

Updated September 11, 2026

How is KBE rated? ETF Copilot scores State Street SPDR S&P Bank ETF (KBE) 2.6 out of 10

As of September 11, 2026, ETF Copilot scores State Street SPDR S&P Bank ETF (KBE) 2.6 out of 10 overall.

ETF Copilot scores (0–10 scale, higher is better):

Overall: 2.6 / 10
Growth: 2.4 / 10
Valuation: 3.3 / 10
Risk: 0.9 / 10
Quality: 0.2 / 10
Return: 5.0 / 10

What is KBE's expense ratio? 0.35% a year

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

State Street SPDR S&P Bank ETF (KBE) — cost, income and size
Measure	KBE
Expense ratio	0.35%
Dividend yield	2.71%
Assets under management	$1.6B
Holdings	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.

What stands out in KBE's data

An ETF tracking US bank stocks in the S&P financials sector.

Its bank holdings generate unusually thin returns on equity.

Return on equity is 10.7%, exceptionally low versus the category median of 17.5%.

Adds targeted exposure to US banks, but with lower profitability than the typical financials fund.

Why did KBE move this week? It fell 1.5% in the week to September 11, 2026 — Bancorp and Rocket drove it

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.

Is KBE expensive right now? It trades at 12.8 times earnings, against its own median of 12.0

As of September 11, 2026, KBE is more expensive than 66% of its own 114 monthly readings since 2017 — 75 of those months were cheaper than today.

Trailing twelve-month, computed by ETF Copilot from the fund's holdings rather than quoted from a data provider, and rebuilt nightly.

What's inside KBE?

What's inside KBE: Size (Large 14%, Mid 37%, Small 50%); Geography (International 2%, US 98%).

What are KBE's top holdings? The ten largest are 11% of the fund

Jackson Financial, Corebridge Financial, Equitable, Mgic Investment, NMI, Nicolet Bankshares, Bank of NEW York Mellon, Essent, Voya Financial and Bank of America are KBE's largest holdings, in that order.

Less concentrated than 92% of Financials ETFs.

Half of KBE's weight sits in its 48 largest positions, and once those weights are taken into account it behaves like 100 equally weighted holdings.

Cite this

ETF Copilot, “State Street SPDR S&P Bank ETF (KBE) scores and holdings analysis”, as of September 11, 2026.
https://etf-copilot.com/etf/kbe