Overview
America's banking industry equal-weighted — 109 banks from money centers to community lenders, each holding about 1% so the regionals matter as much as JPMorgan.
Top Holdings
| Ticker | Holding | Weight |
|---|---|---|
| SYBT | Stock Yards Bancorp | 1.0% |
| EQH | Equitable Holdings | 1.0% |
| CVBF | CVB Financial | 1.0% |
| CRBG | Corebridge Financial | 1.0% |
| TRMK | Trustmark | 1.0% |
| NBTB | NBT Bancorp | 1.0% |
| SFNC | Simmons First National | 1.0% |
| UBSI | United Bankshares | 1.0% |
| CBC | Central Bancompany | 1.0% |
| ONB | Old National Bancorp | 1.0% |
Fund Details
Investment Thesis
Equal weighting makes KBE the purest bet on the banking cycle itself: net interest margins, loan growth and regional consolidation rather than the fortunes of two giants. Up +11.5% in a rate environment where lenders finally earn real spread, with M&A among its small names as the kicker.
Who It's For
Investors trading the bank cycle who want the whole industry's breadth, not a cap-weighted bet on the money centers.
10-Year History
| Year | Close | % Chg |
|---|---|---|
| 2016 | -- | -- |
| 2017 | $47.34 | -- |
| 2018 | $37.35 | -21.1% |
| 2019 | $47.29 | +26.6% |
| 2020 | $41.82 | -11.6% |
| 2021 | $54.56 | +30.5% |
| 2022 | $45.15 | -17.2% |
| 2023 | $46.02 | +1.9% |
| 2024 | $55.47 | +20.5% |
| 2025 | $60.69 | +9.4% |
| Year | Yield |
|---|---|
| 2016 | -- |
| 2017 | -- |
| 2018 | -- |
| 2019 | -- |
| 2020 | -- |
| 2021 | 0.66% |
| 2022 | 2.99% |
| 2023 | 2.78% |
| 2024 | 2.35% |
| 2025 | 2.51% |
| Year | AUM | % Chg |
|---|---|---|
| 2016 | -- | -- |
| 2017 | -- | -- |
| 2018 | -- | -- |
| 2019 | -- | -- |
| 2020 | -- | -- |
| 2021 | -- | -- |
| 2022 | -- | -- |
| 2023 | -- | -- |
| 2024 | -- | -- |
| 2025 | $1.5B | -- |
Historical figures are ETFHub estimates modelled from asset-class return patterns and may differ from official fund records. Data as of August 2026.
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