KBWB vs XLF overlap - what they share and where they differ
KBWB and XLF share 27.3% of their weight across 17 common positions, read from what each fund reported to the SEC.
Each week Ploutos reads the reported positions of the largest US equity ETFs and measures, pair by pair, the weight they share: for every stock both funds hold, the smaller of the two weights counts. Two funds tracking the same index land near 100%. A sector fund inside a broad index fund lands at roughly that sector's weight.
KBWB and XLF
27.3%
17 shared positions
KBWB
Invesco KBW Bank ETF
Reported positions cover 100% of the fund, 24 positions · May 31, 2026
Top 10: 61.5%·Holdings of KBWB
XLF
State Street(R) Financial Select Sector SPDR(R) ETF
Reported positions cover 100% of the fund, 76 positions · Jun 30, 2026
Top 10: 57.6%·Holdings of XLF
Reported positions cover KBWB 100%, XLF 100% of each fund. An overlap cannot exceed the smaller coverage, so a low figure can mean little overlap or thin reporting.
XLF vs KBWB side by side
KBWBInvesco KBW Bank ETF
24
stock positions reported to the SEC
18.6% of its weight is in 7 names XLF does not hold
XLFState Street(R) Financial Select Sector SPDR(R) ETF
76
stock positions reported to the SEC
72.5% of its weight is in 59 names KBWB does not hold
Where each fund's weight sits
Largest sectors for both funds
The widest gap is Financial Services: KBWB has 8.7 points more of it.
The figures side by side
| KBWB | XLF | |
|---|---|---|
| Filing date | May 31, 2026 | Jun 30, 2026 |
| Stock positions reported | 24 | 76 |
| Weight of the ten largest | 61.5% | 57.6% |
| Largest position | MS 9.4% | BRK.A 12.1% |
| Held alone | 7 positions, 18.6% | 59 positions, 72.5% |
| Covered by stock positions | 100% | 100% |
Holdings they share
| Stock | In KBWB | In XLF | Counted |
|---|---|---|---|
| BACBank of America Corp. | 7.76% | 4.90% | 4.90% |
| GSGoldman Sachs Group, Inc. (The) | 8.94% | 3.93% | 3.93% |
| WFCWells Fargo & Co. | 7.13% | 3.33% | 3.33% |
| MSMorgan Stanley | 9.36% | 3.30% | 3.30% |
| CCitigroup Inc. | 4.28% | 3.14% | 3.14% |
| COFCapital One Financial Corp. | 3.60% | 1.64% | 1.64% |
| BNYBank of New York Mellon Corp. (The) | 4.39% | 1.31% | 1.31% |
| PNCPNC Financial Services Group, Inc. (The) | 3.90% | 1.30% | 1.30% |
| TFCTruist Financial Corp. | 3.66% | 0.82% | 0.82% |
| FITBFifth Third Bancorp | 3.78% | 0.67% | 0.67% |
What each holds alone
The heaviest positions one fund reports and the other does not.
Only in KBWB
Only in XLF
Questions people ask
Is KBWB the same as XLF?
27.3% of their weight sits in the same 17 holdings. KBWB also reports JPMORGAN CHASE & CO., USB, EWBC, which the other does not. XLF also reports BRK.A, JPMORGAN CHASE & CO, V, which the other does not.
How is the overlap between KBWB and XLF measured?
For every stock both funds report, the smaller of the two weights counts, and the sum is the overlap. The reported positions cover 100% of KBWB and 100% of XLF, so the number cannot exceed the smaller coverage.
Which holds more, XLF or KBWB?
KBWB reports 24 stock positions and XLF reports 76. 18.6% of KBWB's weight sits in names XLF does not hold, and 72.5% of XLF's weight in names KBWB does not hold. The ten largest positions are 61.5% of KBWB and 57.6% of XLF.
How do KBWB and XLF differ by sector?
The widest gap is Financial Services: KBWB has 8.7 points more of it. Sectors come from each holding's SIC code in its SEC record, summed by the weight the fund reports.
Where do the numbers come from?
From each fund's own N-PORT filing to the SEC, which lists every position and its weight. The comparison uses every equity position the fund reports; cash, futures and bonds are not counted, which is why a coverage figure sits next to every result. Holdings change between filings.
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Descriptive data from public SEC filings. Nothing on this page is a recommendation to buy, sell or hold any fund or stock, and holdings change between filings.