KRE
SPDR S&P Regional Banking ETF

Price: $65.91
Change: $0.68 (0.01%)
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 $32.72
  • 52 Week Hi $71.79
  • AUM $4,314.1 M
  • Shares 68.7 M

Historical Trading Data

  • 1 Month Avg. Volume 8,187,117
  • 3 Month Avg. Volume 9,345,430

Alternative ETFs in the ETF Database Financials Equities Category

Type Symbol Expense Ratio Assets Avg. Daily Vol YTD Return
Cheapest FNCL 0.08% $1.8 B 193,152 30.88%
Largest (AUM) XLF 0.12% $39.6 B 48 M 31.29%
Most Liquid (Volume) XLF 0.12% $39.6 B 48 M 31.29%
Top YTD Performer FTXO 0.60% $215.6 M 84,012 36.68%

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% $67.0 M 5,871 27.97%
Largest (AUM) IAT 0.41% $1.2 B 262,423 32.52%
Most Liquid (Volume) IAT 0.41% $1.2 B 262,423 32.52%
Top YTD Performer IAT 0.41% $1.2 B 262,423 32.52%

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 134 97 104
% of Assets in Top 10 20.35% 44.99% 35.13%
% of Assets in Top 15 30.31% 56.24% 45.00%
% of Assets in Top 50 74.44% 87.09% 84.92%

Size Comparison

KRE ETF Database Category Average FactSet Segment Average
Large (>12.9B) 17.94% 53.03% 22.65%
Mid (>2.7B) 55.22% 26.43% 50.77%
Small (>600M) 26.36% 13.15% 23.51%
Micro (<600M) 0.47% 1.51% 3.07%

KRE Valuation

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

KRE
P/E Ratio
11.83
ETF Database Category Average
P/E Ratio
14.77
FactSet Segment Average
P/E Ratio
15.74

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 $ 0.29 $ 0.30
Dividend Date 2021-09-20 N/A N/A
Annual Dividend Rate $ 1.40 $ 0.99 $ 1.21
Annual Dividend Yield 2.14% 2.04% 2.03%

KRE Fund Flows

View charts featuring ETF fund flow data.

5 Day Net Flows: 117.03 M 1 Month Net Flows: 148.97 M 3 Month Net Flows: -492.17 M 6 Month Net Flows: 146.04 M 1 Year Net Flows: 2.42 B 3 Year Net Flows: -370.94 M 5 Year Net Flows: 1.95 B 10 Year Net Flows: 3.01 B

Realtime Rating

The adjacent table gives investors an individual Realtime Rating for KRE 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 ETFdb 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 ETFdb Pro. To view information on how the ETFdb Realtime Ratings work, click here.

Metric Metric Realtime Rating A+ Metric Rated ETF
Liquidity A n/a
Expenses A n/a
Performance
Volatility
Dividend
Concentration

A+ Overall Rated ETF:

KRE Expenses & Fees

This section compares the cost efficiency of this ETF to its peers.

Expenses Ratio Analysis

KRE
Expense Ratio
0.35%
ETF Database Category Average
Expense Ratio
0.86%
FactSet Segment Average
Expense Ratio
0.43%

Tax Analysis

Max ST Capital Gains Rate 39.60%
Max LT Capital Gains Rate 20.00%
Tax On Distributions Qualified dividends
Distributes K1 No
ESG Themes and Scores
4.3/10
ESG Score
13.25%
Global Percentile
9.19%
Peer Percentile
    • Revenue Exposure to Environmental Impact (%)
      Higher is better, no ESG score impact
    • Severe Environment Controversies (%)
      Lower improves ESG score
    • Sustainable Impact Solutions (%)
      3.66%
      Higher is better, no ESG score impact
    • Weighted Average Carbon Intensity (Tons of CO2e / $M Sales)
      6.63
      Higher is worse, no ESG score impact
    • Fossil Fuel Reserves (%)
      Higher is worse, no ESG score impact
    • High Impact Fossil Fuel Reserves (%)
      Higher is worse, no ESG score impact
    • Water Stress High Risk Business Segment (%)
      Lower improves ESG score
    • Water Stress High Risk Geography (%)
      Lower improves ESG score
    • Water Stress Exposure Moderate (%)
      Lower improves ESG score
    • Water Stress Exposure High (%)
      Lower improves ESG score
    • Water Stress Exposure Low (%)
      Higher improves ESG score
    • Revenue Exposure to Energy Efficiency (%)
      Higher is better, no ESG score impact
    • Revenue Exposure to Alternative Energy (%)
      Higher is better, no ESG score impact
    • Revenue Exposure to Green Building (%)
      Higher is better, no ESG score impact
    • Revenue Exposure to Pollution Prevention (%)
      Higher is better, no ESG score impact
    • Revenue Exposure to Water Sustainability (%)
      Higher is better, no ESG score impact
    • Revenue Exposure to Social Impact (%)
      Higher is better, no ESG score impact
    • Sustainable Impact Solutions (%)
      3.66%
      Higher is better, no ESG score impact
    • SRI Exclusion Criteria (%)
      0.0%
      Higher is worse, no ESG score impact
    • Revenue Exposure to Affordable Real Estate (%)
      Higher is better, no ESG score impact
    • Revenue Exposure to Education (%)
      Higher is better, no ESG score impact
    • Revenue Exposure to Major Disease Treatment (%)
      Higher is better, no ESG score impact
    • Revenue Exposure to Nutrition (%)
      Higher is better, no ESG score impact
    • Revenue Exposure to Sanitation (%)
      Higher is better, no ESG score impact
    • Revenue Exposure to SME Finance (%)
      Higher is better, no ESG score impact
    • Human Rights Norms Violation (%)
      Higher is worse, no ESG score impact
    • Human Rights Norms Violation OR Watch List (%)
      Higher is worse, no ESG score impact
    • Severe Human Rights Controversies (%)
      Lower improves ESG score
    • Labor Norms Violation (%)
      Higher is worse, no ESG score impact
    • Labor Norms Violation OR Watch List (%)
      Higher is worse, no ESG score impact
    • Severe Labor Controversies (%)
      Lower improves ESG score
    • Severe Customer Controversies (%)
      Lower improves ESG score
    • Global Compact Compliance Violation (%)
      Higher is worse, no ESG score impact
    • Global Compact Compliance Violation OR Watch List (%)
      Higher is worse, no ESG score impact
    • Catholic Values Fail (%)
      Higher is worse, no ESG score impact
    • Islamic Non-Compliant (%)
      Higher is worse, no ESG score impact
    • Adult Entertainment Involvement (%)
      Higher is worse, no ESG score impact
    • Alcohol Involvement (%)
      Higher is worse, no ESG score impact
    • Gambling Involvement (%)
      Higher is worse, no ESG score impact
    • Nuclear Power Involvement (%)
      Higher is worse, no ESG score impact
    • Tobacco Involvement (%)
      Higher is worse, no ESG score impact
    • Weapons Involvement (%)
      Higher is worse, no ESG score impact
    • Controversies Weapons Involvement (%)
      Higher is worse, no ESG score impact
    • Civilian Firearms Involvement (%)
      Higher is worse, no ESG score impact
    • Civilian Firearms Retailer (%)
      Higher is worse, no ESG score impact
    • Civilian Firearms Producer (%)
      Higher is worse, no ESG score impact
    • Direct Predatory Lending Involvement (%)
      Higher is worse, no ESG score impact
    • Genetic Engineering Involvement (%)
      Higher is worse, no ESG score impact
    • Severe Governance Controversies (%)
      Lower improves ESG score
    • Board Flag (%)
      Lower improves ESG score
    • Lack of Independent Board Majority (%)
      Lower improves ESG score
    • Board Independence (0-25%) (%)
      Lower improves ESG score
    • Board Independence (25-50%) (%)
      Lower improves ESG score
    • Board Independence (50-75%) (%)
      Higher improves ESG score
    • Board Independence (75-100%) (%)
      Higher improves ESG score
    • No Female Directors (%)
      Lower improves ESG score
    • Three OR More Female Directors (%)
      Higher improves ESG score
    • Females Represent 30% of Directors (%)
      Higher improves ESG score
    • Entrenched Board (%)
      Lower improves ESG score
    • Overboarding (%)
      Lower improves ESG score
    • Negative Director Votes (%)
      Lower improves ESG score
    • Ownership AND Control Flag (%)
      Lower improves ESG score
    • One Share One Vote (%)
      Lower improves ESG score
    • No Annual Director Elections (%)
      Lower improves ESG score
    • Does Not Use Majority Voting (%)
      Lower improves ESG score
    • Significant Votes Against Pay Practices (%)
      Lower improves ESG score
    • Controlling Shareholder (%)
      Lower improves ESG score
    • Controlling Shareholder Concerns (%)
      Lower improves ESG score
    • Cross Shareholdings (%)
      Lower improves ESG score
    • Poison Pill (%)
      Lower improves ESG score
    • Pay Flag (%)
      Lower improves ESG score
    • No Pay Performance Link (%)
      Lower improves ESG score
    • Lack of Internal Pay Equity (%)
      Lower improves ESG score
    • Executive Pay Non-Disclosure (%)
      Lower improves ESG score
    • Accounting Flag (%)
      Lower improves ESG score

KRE Performance

This section shows how this ETF has performed relative to its peers.

KRE ETF Database
Category Average
Factset Segment
Average
1 Month Return -0.94% -1.41% -0.92%
3 Month Return -2.04% 1.32% -1.97%
YTD Return 28.83% 24.56% 28.15%
1 Year Return 98.32% 60.81% 93.18%
3 Year Return 15.00% 26.09% 14.50%
5 Year Return 74.76% 66.33% 66.19%

KRE Price and Volume Chart

Geographic Exposure

The following charts reflect the geographic spread of KRE's underlying holdings.

Sector Breakdown

Asset Percentage
Share/Common/Ordinary 99.31%
Open-ended Fund 0.65%
Sector Percentage
Finance 99.31%
Miscellaneous 0.65%
Technology Services 0.0%
Market Cap Percentage
Mid 55.22%
Small 26.36%
Large 17.94%
Micro 0.47%
Region Percentage
North, Central and South America 99.96%
Region Percentage
Country Percentage
United States 96.28%
Puerto Rico 3.03%
Other 0.65%
Asset Percentage
Share/Common/Ordinary 99.31%
Open-ended Fund 0.65%

KRE Technicals

Volatility Analysis

This section shows how the volatility of this ETF compares to the peer group ETFdb.com Category.

5 Day Volatility
69.91%
Rank
13 of 34

20 Day Volatility
25.67%
Rank
3 of 34

50 Day Volatility
26.13%
Rank
3 of 34

200 Day Volatility
27.31%
Rank
2 of 33

Beta
1.42
Rank
5 of 34

Standard Deviation
10.07%
Rank
5 of 30

Technicals

  • 20 Day MA $64.12
  • 60 Day MA $63.73
  • MACD 15 Period 2.23
  • MACD 100 Period 0.37
  • Williams % Range 10 Day 6.07
  • Williams % Range 20 Day 12.91
  • RSI 10 Day 63
  • RSI 20 Day 56
  • RSI 30 Day 53
  • Ultimate Oscillator 52

Bollinger Bands

  • Lower Bollinger (10 Day) $61.15
  • Upper Bollinger (10 Day) $65.70
  • Lower Bollinger (20 Day) $61.76
  • Upper Bollinger (20 Day) $66.55
  • Lower Bollinger (30 Day) $62.05
  • Upper Bollinger (30 Day) $66.56

Support & Resistance

  • Support Level 1 $65.12
  • Support Level 2 $64.33
  • Resistance Level 1 $66.47
  • Resistance Level 2 $67.02

Stochastic

  • Stochastic Oscillator %D (1 Day) 64.93
  • Stochastic Oscillator %D (5 Day) 70.41
  • Stochastic Oscillator %K (1 Day) 55.56
  • Stochastic Oscillator %K (5 Day) 52.81

Financial Advisor Report

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Fact Sheet

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Analyst Report Authors

ETF Database analysts have a combined 50 years in the ETF and Financial markets, covering every asset class and investment style. The team monitors new filings, new launches and new issuers to make sure we place each new ETF in the appropriate context so Financial Advisors can construct high quality portfolios.

Disclosures

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Copyright MSCI ESG Research LLC [2018]. All Rights Reserved. MSCI ESG Research LLC’s (“MSCI ESG”) Fund Metrics products (the “Information”) provide environmental, social and governance data with respect to underlying securities within more than 23,000 multi-asset class Mutual Funds and ETFs globally. MSCI ESG is a Registered Investment Adviser under the Investment Advisers Act of 1940. MSCI ESG materials have not been submitted, to nor received approval from, the US SEC or any other regulatory body. None of the information constitutes an offer to buy or sell, or a promotion or recommendation of, any security, financial instrument or product or trading strategy, nor should it be taken as an indication or guarantee of any future performance, analysis, forecast or prediction. None of the Information can be used to determine which securities to buy or sell or when to buy or sell them. The Information is provided “as is” and the user of the Information assumes the entire risk of any use it may make or permit to be made of the Information. All Information is provided solely for your internal use, and may not be reproduced or redisseminated in any form without express prior written permission from MSCI. Neither MSCI ESG nor any of its affiliates or any third party involved in or related to creating any Information makes any express or implied warranties, representations or guarantees, and in no event will MSCI ESG or any such affiliate or third party have any liability for any direct, indirect, special, punitive, consequential or any other damages (including lost profits) relating to any Information. More information on MSCI ESG Fund Metrics, provided by MSCI ESG Research LLC, can be found at https://www.msci.com/esg-fund-metrics.
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