This ETF offers exposure to banks, delivering targeted exposure to a unique corner of the U.S. financials sector. Given the narrow focus of KBWB, this fund might be most useful for investors looking to implement a shorter term tactical tilt towards this corner of the market, though it can certainly also be used as a complimentary holding in many long-term portfolios as well. KBWB’s underlying portfolio is unique from the most popular ETFs in the Financials Equities ETFdb Category; this ETF is comprised of common stocks of national money centers, leading regional banks, and thrifts. Moreover, it should be noted that while bellwether companies make an appearance, there are a fair amount of small cap, regional-based firms that have significant representation. Small banks often maintain risk/return profiles that differ considerably from their large cap peers; though impacted by some of the same factors, smaller banks generally depend more heavily on traditional banking functions to drive profits. KBWB’s portfolio is somewhat shallow, consisting of about 25 individual holdings. Investors should note that over one third of the fund’s total assets are dedicated to the top five holdings, potentially increasing the company-specific risk associated with this product; something that should certainly be considered prior to investment. Alternative ETPs covering the same corner of the market include KBE, which is linked to a different benchmark with a considerably different set of top holdings.
| Segment | Equity: U.S. Banks |
| Category | Sector |
| Focus | Financials |
| Niche | Banks |
| Strategy | Multi-factor |
| Weighting Scheme | Tiered |
This section compares how balanced and deep this ETF is relative to its peers.
| KBWB | ETF Database Category Average | FactSet Segment Average | |
|---|---|---|---|
| Number of Holdings | 25 | 89 | 23 |
| % of Assets in Top 10 | 61.27% | 48.26% | 73.93% |
| % of Assets in Top 15 | 80.70% | 59.73% | 85.21% |
| % of Assets in Top 50 | 100.01% | 89.62% | 100.01% |
| KBWB | ETF Database Category Average | FactSet Segment Average | |
|---|---|---|---|
| Large (>12.9B) | 87.72% | 53.10% | 57.97% |
| Mid (>2.7B) | 12.39% | 24.23% | 14.51% |
| Small (>600M) | 0.00% | 13.77% | 0.23% |
| Micro (<600M) | 0.00% | 2.96% | 0.00% |
This section compares the P/E ratio of this ETF to its peers.
This section compares the dividend yield of this ETF to its peers.
| KBWB | ETF Database Category Average | FactSet Segment Average | |
|---|---|---|---|
| Dividend | $ 0.41 | $ 0.49 | $ 0.19 |
| Dividend Date | 2023-09-18 | N/A | N/A |
| Annual Dividend Rate | $ 1.59 | $ 1.41 | $ 0.87 |
| Annual Dividend Yield | 4.07% | 3.73% | 3.04% |
View charts featuring KBWB price and volume data.
View charts featuring ETF fund flow data.
5 Day Net Flows: -13.47 M 1 Month Net Flows: -53.97 M 3 Month Net Flows: 381.34 M 6 Month Net Flows: 374.82 M 1 Year Net Flows: 236.48 M 3 Year Net Flows: 1.32 B 5 Year Net Flows: 1.28 B 10 Year Net Flows: 1.85 BView charts that break down the influence that fund flows and price had on overall assets.
5 Day Net AUM Change: -15.78 MThe adjacent table gives investors an individual Realtime Rating for KBWB on several different metrics, including liquidity, expenses, performance, volatility, dividend, concentration of holdings in addition to an overall rating. The "A+ Metric Rated ETF" field, available to ETF Database Pro members, shows the ETF in the Financials Equities with the highest Metric Realtime Rating for each individual field. To view all of this data, sign up for a free 14-day trial for ETF Database Pro. To view information on how the ETF Database Realtime Ratings work, click here.
This section compares the cost efficiency of this ETF to its peers.
| Max ST Capital Gains Rate | 39.60% |
| Max LT Capital Gains Rate | 20.00% |
| Tax On Distributions | Qualified dividends |
| Distributes K1 | No |
This section shows how this ETF has performed relative to its peers. Returns over 1 year are annualized.
| KBWB |
ETF Database
Category Average |
Factset Segment
Average |
|
|---|---|---|---|
| 1 Month Return | -6.97% | -5.17% | -6.18% |
| 3 Month Return | -3.84% | -1.35% | -4.38% |
| YTD Return | -22.07% | -1.02% | -14.28% |
| 1 Year Return | -17.44% | 5.58% | -12.18% |
| 3 Year Return | 4.22% | 10.34% | 4.38% |
| 5 Year Return | -3.46% | 2.42% | -2.21% |
The following charts reflect the geographic spread of KBWB's underlying holdings.
| Region | Percentage |
|---|---|
| North, Central and South America | 100.12% |
| Other | -0.11% |
| Country | Percentage |
|---|---|
| United States | 100.12% |
| Other | -0.11% |
The following charts reflect the allocation of KBWB's underlying holdings.
| Sector | Percentage |
|---|---|
| Finance | 100.12% |
| CASH | -0.11% |
| Market Cap | Percentage |
|---|---|
| Large | 87.72% |
| Mid | 12.39% |
| Micro | 0.0% |
| Small | 0.0% |
| Region | Percentage |
|---|
| Asset | Percentage |
|---|---|
| Share/Common/Ordinary | 100.12% |
| CASH | -0.11% |
| Sector | Percentage |
|---|---|
| Finance | 100.12% |
| CASH | -0.11% |
This section shows how the volatility of this ETF compares to the peer group ETF Database Category.
| 5 Day Volatility | 204.22% |
| 20 Day Volatility | 17.85% |
| 50 Day Volatility | 18.63% |
| 200 Day Volatility | 23.16% |
| Beta | 1.19 |
| Standard Deviation | 5.97% |
ETF Database's Financial Advisor Reports are designed as an easy handout for clients to explain the key information on a fund. Includes new analyst insights and classification data.
Fact sheets are issued by the ETF provider and framed by ETF Database. Information contained within the fact sheet is not guaranteed to be timely or accurate.
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