KRE
SPDR S&P Regional Banking ETF

Price: $63.97
Change: $0.01 (0.0%)
Last Updated:

Vitals

Issuer State Street
Brand SPDR
Structure ETF
Expense Ratio 0.35%
ETF Home Page Home page
Inception Jun 19, 2006

Analyst Report

This ETF gives investors a way to play regional banks, a sub-sector of the financial sector that offers a unique risk/return profile relative to traditional financial exposure. Whereas financial funds such as XLF are dominated by large cap companies, KRE maintains significant exposure to small and mid cap banking stocks, many of which are not impacted by the factors that drive performance of big Wall Street banks. KRE, like many State Street ETFs, is linked to an equal weighted index. That results in a balanced portfolio that avoids big concentrations in a handful of stocks—a potential drawback found in the other two regional banks ETFs (RKH, IAT). KRE doesn’t cast quite as wide a net as IAT—the SPDR has fewer holdings—but the weighting methodology delivers a better balance among all holdings and results in a significant weighting to small cap stocks. In addition to these allocation advantages, KRE is cheaper in terms of bottom line expense ratio. IAT and RKH are also options for similar exposure, but we like KRE as the preferred means of gaining regional bank exposure through the ETF wrapper.

ETF Database Themes

Asset Class Equity
Asset Class Size Multi-Cap
Asset Class Style Value
Sector (General) Financials
Sector (Specific) Regional Banks
Region (General) North America
Region (Specific) U.S.

FactSet Classifications

Segment Equity: U.S. Regional Banks
Category Sector
Focus Financials
Niche Regional Banks
Strategy Equal
Weighting Scheme Equal

Trading Data

Open - Volume -
Day Lo - Day Hi -
  • Open
  • Volume
  • Day Lo
  • Day Hi
  • 52 Week Lo $55.76
  • 52 Week Hi $77.50
  • AUM $3,165.1 M
  • Shares 49.5 M

Historical Trading Data

  • 1 Month Avg. Volume 7,008,350
  • 3 Month Avg. Volume 7,237,021

Alternative ETFs in the ETF Database Financials Equities Category

Type Symbol Expense Ratio Assets Avg. Daily Vol YTD Return
Cheapest FNCL 0.08% $1.6 B 107,555 -7.73%
Largest (AUM) XLF 0.10% $33.5 B 43 M -6.50%
Most Liquid (Volume) XLF 0.10% $33.5 B 43 M -6.50%
Top YTD Performer IAK 0.39% $542.8 M 67,933 12.76%

Alternative ETFs in the FactSet Equity: U.S. Regional Banks Segment

Type Symbol Expense Ratio Assets Avg. Daily Vol YTD Return
Cheapest KBWR 0.35% $86.5 M 7,921 0.26%
Largest (AUM) IAT 0.39% $778.7 M 130,115 -15.48%
Most Liquid (Volume) IAT 0.39% $778.7 M 130,115 -15.48%
Top YTD Performer KBWR 0.35% $86.5 M 7,921 0.26%

Top 15 Holdings

Concentration Analysis

This section compares how balanced and deep this ETF is relative to its peers.

Holdings Comparison

KRE ETF Database Category Average FactSet Segment Average
Number of Holdings 144 90 102
% of Assets in Top 10 21.36% 46.53% 34.70%
% of Assets in Top 15 30.68% 58.47% 44.35%
% of Assets in Top 50 73.97% 89.14% 85.38%

Size Comparison

KRE ETF Database Category Average FactSet Segment Average
Large (>12.9B) 20.71% 52.38% 21.84%
Mid (>2.7B) 58.02% 28.45% 57.27%
Small (>600M) 20.30% 11.89% 17.99%
Micro (<600M) 0.69% 3.01% 2.76%

KRE Valuation

This section compares the P/E ratio of this ETF to its peers.

KRE
P/E Ratio
12.48
ETF Database Category Average
P/E Ratio
13.68
FactSet Segment Average
P/E Ratio
15.20

KRE Dividend

This section compares the dividend yield of this ETF to its peers.

KRE ETF Database Category Average FactSet Segment Average
Dividend $ 0.34 $ 0.35 $ 0.32
Dividend Date 2021-09-20 N/A N/A
Annual Dividend Rate $ 1.40 $ 1.11 $ 1.20
Annual Dividend Yield 1.87% 2.11% 1.78%

KRE Price and Volume Charts

View charts featuring KRE price and volume data.

KRE Fund Flows Charts

View charts featuring ETF fund flow data.

5 Day Net Flows: -345.06 M 1 Month Net Flows: -310.3 M 3 Month Net Flows: -253.34 M 6 Month Net Flows: -697.06 M 1 Year Net Flows: -1.3 B 3 Year Net Flows: 1.38 B 5 Year Net Flows: -211.97 M 10 Year Net Flows: 1.28 B

KRE Price vs Flows AUM Influence Charts

View charts that break down the influence that fund flows and price had on overall assets.