KBE vs. IAT ETF Comparison

Comparison of SPDR S&P Bank ETF (KBE) to iShares U.S. Regional Banks ETF (IAT)

KBE

SPDR S&P Bank ETF

KBE Description

The investment seeks to provide investment results that, before fees and expenses, correspond generally to the total return performance of an index that tracks the performance of publicly traded national money centers and leading regional banks. In seeking to track the performance of the S&P Banks Select Industry Index (the "index"), the fund employs a replication strategy. It generally invests substantially all, but at least 80%, of its total assets in the securities comprising the index. The index represents the banks industry group of the S&P Total Market Index ("S&P TMI"). The fund is non-diversified.

Grade (RS Rating)

Last Trade

$59.96

Average Daily Volume

1,814,162

Number of Holdings ^*

* may have additional holdings in another (foreign) market

IAT

iShares U.S. Regional Banks ETF

IAT Description

The investment seeks to track the investment results of an index composed of U.S. equities in the regional banks sector. The fund generally invests at least 90% of its assets in securities of the index and in depositary receipts representing securities of the index. It seeks to track the investment results of the Dow Jones U.S. Select Regional Banks Index (the "underlying index"), which measures the performance of the regional bank sector of the U.S. equity market. The underlying index is a subset of the Dow Jones U.S. Bank Index. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$54.49

Average Daily Volume

360,894

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	KBE	IAT
30 Days	7.30%	8.39%
60 Days	14.49%	16.66%
90 Days	17.68%	19.21%
12 Months	56.61%	57.30%

33 Overlapping Holdings

Symbol	Grade	Weight in KBE	Weight in IAT	Overlap
BOKF	A	0.94%	0.46%	0.46%
BPOP	C	0.99%	1.26%	0.99%
CBSH	A	1.16%	1.45%	1.16%
CFG	A	1.15%	3.75%	1.15%
CFR	A	1.28%	1.61%	1.28%
CMA	A	1.21%	1.55%	1.21%
EWBC	A	1.34%	2.56%	1.34%
FCNCA	A	1.18%	4.59%	1.18%
FFIN	A	1.15%	0.95%	0.95%
FHN	A	1.25%	1.91%	1.25%
FITB	A	1.12%	4.75%	1.12%
FNB	A	1.18%	1.05%	1.05%
GBCI	A	1.28%	1.15%	1.15%
HBAN	A	1.22%	4.59%	1.22%
HOMB	A	1.15%	0.99%	0.99%
KEY	A	1.19%	3.23%	1.19%
MTB	A	1.26%	4.82%	1.26%
OZK	A	1.15%	0.91%	0.91%
PB	A	1.14%	1.36%	1.14%
PNC	A	1.18%	14.09%	1.18%
PNFP	A	1.32%	1.65%	1.32%
RF	A	1.19%	4.22%	1.19%
SNV	A	1.3%	1.47%	1.3%
SSB	A	1.14%	1.49%	1.14%
TFC	A	1.11%	10.79%	1.11%
UBSI	A	1.14%	0.99%	0.99%
UMBF	A	1.19%	0.98%	0.98%
USB	B	1.13%	13.49%	1.13%
VLY	A	1.18%	0.78%	0.78%
WAL	A	1.13%	1.79%	1.13%
WBS	A	1.34%	1.79%	1.34%
WTFC	A	1.27%	1.54%	1.27%
ZION	A	1.28%	1.54%	1.28%

KBE Overweight 60 Positions Relative to IAT

Symbol	Grade	Weight
APO	A	1.42%
WFC	A	1.37%
AX	A	1.32%
JXN	B	1.31%
ASB	A	1.29%
COLB	A	1.28%
TCBI	A	1.26%
CADE	A	1.22%
BOH	A	1.22%
NTRS	A	1.21%
HWC	A	1.2%
EQH	B	1.2%
ONB	B	1.19%
C	A	1.19%
FULT	A	1.18%
BAC	A	1.18%
JPM	A	1.17%
BANC	A	1.16%
ABCB	A	1.15%
TBBK	A	1.15%
BK	A	1.13%
CRBG	B	1.11%
BKU	A	1.1%
VOYA	A	1.1%
FIBK	A	1.09%
FBP	A	1.06%
COOP	B	1.06%
AUB	A	1.03%
EBC	A	1.03%
CVBF	A	1.02%
WD	D	1.01%
PFS	A	1.0%
INDB	A	0.99%
CBU	A	0.99%
RDN	C	0.98%
MTG	C	0.98%
CATY	A	0.97%
NMIH	D	0.93%
SFBS	A	0.91%
PFSI	D	0.9%
IBOC	A	0.89%
FHB	A	0.89%
ESNT	D	0.89%
UCB	A	0.88%
WAFD	A	0.85%
RNST	A	0.82%
WSFS	A	0.81%
TFIN	A	0.81%
RKT	F	0.79%
PPBI	A	0.79%
IBTX	A	0.78%
BANR	A	0.75%
SBCF	A	0.72%
SFNC	B	0.64%
TRMK	A	0.62%
FFBC	A	0.61%
HTH	B	0.59%
FRME	A	0.57%
LKFN	A	0.46%
WSBC	A	0.44%

KBE Underweight 1 Positions Relative to IAT

	Symbol	Grade	Weight
	TFSL	A	-0.14%

IAT: Top Represented Industries & Keywords

Industries: Banks - Regional - US Banks - Global