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›ETF Providers›Invesco›KBWB
KBWB
US46138E6288
Passive ETFEquity

KBWB ETF · Invesco KBW Bank ETF

The Invesco KBW Bank ETF (Exchange-Traded Fund), denoted by the ticker symbol KBWB and quoted in US dollars, is an investment product that strives to provide investors with exposure to both large and small capitalization bank stocks. This ETF follows the KBW Nasdaq Bank Index, a benchmark that serves as a barometer for the health of the U.S. banking sector. Residing under the umbrella of Invesco Ltd., a global investment management firm, KBWB tracks the performance of domestic public banks that are included in the previously mentioned index. Primarily, its focus extends to businesses engaged in banking services such as lending, deposit gathering, and investment activities among other central banking operations. From a diversification viewpoint, the ETF seeks to provide investors with broad exposure across different banking institutions. Constituents within this ETF include a blend of national money centers, regional banks, and thrift institutions – offering potential participation from various strata of the banking sector. Equally notable is that through such methodology, KBWB offers investors a mechanism for implementing strategic and tactical allocations representative of public banks ranging vastly in market capitalization sizes. It should be stated explicitly that past performance is not indicative of future results. Decisions regarding investments in this or any other financial instrument should always align with individual fiscal circumstances, risk capacity, and investment objectives.

Last update 4/2/2026, 1:30 PM UTC
LIVE
CLOSED
This fund is part ofUS Financials1M perf.-2.95%
Last price
$80.29
1M perf.
-2.02%
1M flows
-€558M
AuM
€4.17B
E/R
0.35%
Rating
ESG Consensus®
esg grade icon
KBWB
$80.29

Performance & flows

Segment for quartile rank
January 2, 2026 → April 2, 2026
0-12-10-8-6-4-20246%FEBMARAPRFEBMARAPR
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KBWB
$80.33
-5.80%
US Financials
-8.20%

Historic performance and flows

1M3M1Y3Y5YMTDQTDYTD
Perf.
-2.02%
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-5.80%
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+29.44%
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+109.55%
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+46.40%
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+1.45%
+1.45%
-4.13%
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Flows

Key fund info

Segment for quartile rank
This ETF's jurisdiction country is not in your region (Europe and Middle East) Â· 
Main characteristics
Issuer
CUSIP
46138E628
ISIN
US46138E6288
AuM
€4.17B
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E/R
0.35%
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Replication rating
ESG Consensus®
esg grade icon
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More details
NAV
4/2/2026
$80.29
1D NAV change
+0.20%
Dividend policy
Replication method
Direct (Physical)
Replication model
Optimized sampling
No. of holdings
23
Inception date
11/1/2011
Jurisdiction
United States
Distribution
Finland (Qualified Investor)
United Kingdom (Qualified Investor)
Netherlands (Qualified Investor)
Sweden (Qualified Investor)
United States
Legal structure
Open-end Fund
Base currency
USD
Dividend distribution
Trailing 12-month distr. yield
Distribution frequency
Last distribution
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Classification
Product type
Benchmark
KBW Nasdaq Bank Index
Asset class
Factors
N/A
Investment strategy
The Invesco KBW Bank ETF (Fund) is based on the KBW Nasdaq Bank Index (Index). The Fund will normally invest at least 90% of its total assets in securities that comprise the Underlying Index. The Index is a modified-market capitalization-weighted index that seeks to reflect the performance of companies that do business as banks or thrifts that are publicly-traded in the US. The Index is compiled, maintained and calculated by Keefe, Bruyette & Woods, Inc. and is composed of companies representing leading national money centers, regional banks and thrift institutions. The Fund and the Index are rebalanced and reconstituted quarterly.
Tax optimisation
PEA
France
UK Reporting Status
United Kingdom
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Risk profile

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Historical risk/return profile

3M1Y3Y5Y
Returns
-5.80%
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+29.44%
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+109.55%
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+46.40%
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Volatility
Perf./Volatility
Max drawdown
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Synthetic Risk and Reward Indicator (SRRI)
UCITS
N/A
PRIIPS
N/A
More exposure metrics are available, exclusively in Trackinsight Enterprise

Exposure

Countries
USA
100.01%
Sectors
Financials
100.01%
Diversification
Total weight of top 15 holdings out of 23
Top 15 holdings
Data as of February 28, 2026
THE GOLDMAN SACHS GROUP
MORGAN STANLEY
WELLS FARGO
JPMORGAN CHASE
BK OF AMERICA CO
FIFTH THIRD BANCORP
HUNTINGTON BANCSHARES
M&T BANK
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PNC FINL SVC
US
CITIGROUP
STATE STREET
TRUIST FINANCIAL CORP
BANK OF NEW YORK MELLON
NORTHERN TRUST
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More risk metrics are available, exclusively in Trackinsight Enterprise

Sustainability

Integrates ESG criteria
No
SDG

ESG Consensus® by Conser

Data as of December 31, 2025
Methodology

Our partner Conser gathers the industry's consensus on the business practices of the underlying holdings. We have computed the following metrics about KBWB ETF's sustainability, based on their methodology.

Learn more about Conser

ESG Consensus®
esg grade icon

ESG Consensus® is based on the Final Sustainability Grade, which itself consists of 10 grades. Our partner Conser calculates the exact grade, based on market intelligence, using their proprietary ESG Consensus® methodology.


KBWB’s has a Final Sustainability Grade of either C+, C, C-, or D.

This fund’s exact Final Sustainability Grade is available in Trackinsight Enterprise.
Learn more about Trackinsight Enterprise
Holdings review
63.54% of holdings have positive scoring
36.47% of holdings have negative scoring
28.49%
31.51%
20.17%
8.12%
8.18%
Consensus levels
Strong
Medium
Weak
More sustainability metrics are available, exclusively in Trackinsight Enterprise

Replication

Trackinsight replication rating:
Replication quality
Calculated over 12m, as of March 31, 2026
Tracking error
Tracking difference
Replication information
Index
KBW Nasdaq Bank Total Return Index - USD
Index ticker
BKXTR Index
Index dividend policy
GTR
Replication method
Replication model
More replication analysis are available, exclusively in Trackinsight Enterprise

Issuer

Invesco
Invesco ID Card
Number of funds
633
Total AuM
€835.01B
Expense ratio range
0.04% - 5.39%
Average expense ratio
0.3558%
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Frequently asked questions about KBWB

What does Invesco KBW Bank ETF, KBWB, invest in?

KBWB is a Passive ETF. This ETF provides exposure to Other US Banks Equities.

Which benchmark or index does KBWB replicate?

KBWB tracks the KBW Nasdaq Bank Total Return Index - USD, through a optimized sampling replication method.

What is the Total Expense ratio (TER) of KBWB?

KBWB carries a total expense ratio (TER) of 0.35%, indicating the annual cost for holding the fund.

When was KBWB launched?

KBWB was introduced to the market on November 1, 2011. It trades on Finland (Qualified Investor), among other exchanges

Who is the ETF issuer of KBWB?

Invesco KBW Bank ETF, KBWB, is provided by Invesco. Learn more about Invesco here.

What is the current assets under management (AUM) of KBWB?

KBWB oversees €4.17B in assets as of April 2, 2026.

How has KBWB performed lately?

Based on data from April 2, 2026, KBWB returned -2.02% over the past month, -5.80% over the last three months and -4.13% year-to-date.

What are the latest inflows or outflows for KBWB?

As of April 2, 2026, KBWB recorded net flows of -€560M over the last month and -€728M year-to-date.

Does KBWB distribute dividends?

KBWB follows a distributing dividend policy, meaning it pays out income to investors. As of April 2, 2026, its 12-month trailing yield was 2.24%.

What are the main country or region exposures of KBWB?

As of February 28, 2026, KBWB has significant geographic allocations in USA.

In which sector or theme does KBWB invest in?

As of February 28, 2026, KBWB focuses largely on Financials.

How many securities does KBWB hold and how diversified is it?

As of February 28, 2026, KBWB holds 23 positions in its portfolio, with 80.44% of assets concentrated in its top 15 holdings.

What are the main positions in KBWB?

As of February 28, 2026, KBWB top three holdings include THE GOLDMAN SACHS GROUP, MORGAN STANLEY and WELLS FARGO.

What is the base currency of KBWB?

The base currency of KBWB is USD.

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