KBE ETF — SPDR S&P Bank ETF

SPDR S&P Bank ETF (KBE)

Updated November 6, 2026.

KBE is an ETF that tracks the S&P Banks Select Industry Index. Its distribution rate is 2.28%, its trailing-12-month yield is 2.23%, its expense ratio is 0.35%. Dividend Vision Distribution Safety Score™ is 93/100 (Safe). Total return is 112.8% over the past 21 years, 662.9 points behind SPY at 775.7%.

At the current 2.28% distribution rate, a $10,000 investment would generate approximately $228 per year, or about $57.00 per quarter if the next payment matches the last regular one.

SPDR S&P Bank ETF is an ETF that tracks the S&P Banks Select Industry Index, holding a diversified basket of U.S. bank stocks representing the banking segment of the broader equity market. The fund carries a modest current distribution rate with quarterly distributions and a low expense ratio of 0.35%. It appeals to income investors seeking exposure to the U.S. banking sector through a passive, indexed approach.

KBE performance versus SPY

As of Nov 6, 2026

Total return is 112.8% over the past 21 years, 662.9 points behind SPY at 775.7%. Over the past year its total return — price change plus distributions reinvested — is 19.0%. Its deepest 1-year drawdown was 14.6%.

KBE key facts

Distribution Safety Score™

93 · Safe

Safety-Adjusted Yield

2.12%

Issuer

State Street

Asset type

ETF

Asset class

Equity

Inception date

11/08/2005

Expense ratio

0.35%

Distribution rate

2.28%

Distribution frequency

Quarterly

Trailing yield

2.23%

Last close

$65.91 (as of 2026-11-06)

AUM

$1,498,841,023

Average volume

1,626,800

Dividend

$0.375

Ex-dividend date

09/21/2026

Payment date

09/23/2026

Beta

1.03

How Dividend Vision calculates yield and returns

Distribution rate (2.28%) uses latest regular dividend ($0.375) × 4 ÷ market price dated 2026-11-06; one-off specials excluded; identified recurring supplementals included. Issuer rates can use a different denominator and date, including ex-date NAV. Trailing-12-month yield (2.23%) is the sum of split-adjusted cash distributions with ex-dates in the last 12 months, divided by the published price. It lags a recent raise or cut. Total return uses split-adjusted close with distributions reinvested on the ex-dividend date (a modeling convention, not the cash-settlement date) from the first stored bar on or after inception through the latest bar, compared with the same window on the benchmark. That is the security's total return, not your personal gain/loss.

Yield and safety methodology · Distribution rate methodology · Distribution Safety Score methodology

Sources and review

Primary sources: State Street; Index: S&P Banks Select Industry Index; prices and distributions from Dividend Vision, derived from vendor EOD data.

Reviewed by Bert Sweet, CEO and Co-owner of Dividend Vision. Methodology: Distribution Safety Score.

KBE risks and drawbacks

KBE's current distribution rate is moderate, not a high-yield payout — the strategy is dividend quality more than maximum income. Payments are quarterly, so cash flow is lumpy versus a monthly fund. Total return has trailed SPY over the available window. The deepest 1-year drawdown on record here is 14.6%.

Who may consider KBE — and who may not

KBE may suit someone looking for a high Distribution Safety Score, moderate current income with a quality tilt. It is a weaker fit for investors who need monthly cash flow (KBE pays quarterly); investors hunting double-digit covered-call yields; investors whose main goal is matching SPY total return. This is educational context, not a recommendation to buy or sell.

More on KBE

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Tagged: Basket, Financials, Index.

Frequently asked questions

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