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State Street SPDR S&P Regional Banking ETF focus on regional players led to higher 1-year returns compared to the broader State Street SPDR S&P Bank ETF. Both funds carry identical expense ratios and trailing dividend yields, though State Street SPDR S&P Regional Banking ETF maintains a significantly larger asset base.
The State Street SPDR S&P Regional Banking ETF (KRE) was launched on June 19, 2006, and is a passively managed exchange traded fund designed to offer broad exposure to the Financials - Regional Banks segment of the equity market.
The KBW Nasdaq Bank Index, which tracks 24 of the largest U.S. lenders, has fallen for six straight weeks — its longest losing run since July 2008. It slipped another 1.1% on Monday, putting it on track for a seventh.
US regional banks join bigger peers in signaling resilient economy as lending holds firm
Fidelity MSCI Financials Index ETF offers a lower expense ratio of 0.08% compared to 0.35% for State Street SPDR S&P Regional Banking ETF. State Street SPDR S&P Regional Banking ETF focuses exclusively on regional banks, whereas Fidelity MSCI Financials Index ETF provides broader financial sector exposure.
UK banking stocks dip on media report of budget tax increase
Bank profits are climbing, yet financial stocks just posted their worst month relative to the broader market in over three decades.
Invesco KBW Bank ETF offers higher 1-year total returns and greater growth over five years than State Street SPDR S&P Regional Banking ETF. While both ETFs share the same expense ratio, Invesco KBW Bank ETF has a concentrated portfolio of 26 holdings compared to 167 for State Street SPDR S&P Regional Banking ETF.