KBWB ETF — Invesco KBW Bank ETF

Invesco KBW Bank ETF (KBWB)

Updated October 16, 2026.

KBWB is an ETF that tracks the KBW Nasdaq Bank Index. its distribution rate is 2.12%, its trailing-12-month yield is 2.15%, its expense ratio is 0.35%. Dividend Vision Distribution Safety Score™ is 100/100 (Safe). Total return is 514.3% over the past 15 years, 198.1 points behind SPY at 712.4%.

Invesco KBW Bank ETF is an ETF tracking the KBW Nasdaq Bank Index, which comprises large national U.S. money centers, regional banks, and thrift institutions. The fund distributes quarterly with a modest current distribution rate and carries an expense ratio of 0.35%. It appeals to income and value-oriented investors seeking exposure to the U.S. banking sector through a rules-based index strategy.

KBWB performance versus SPY

Price and return data through 2026-10-16.

Total return is 514.3% over the past 15 years, 198.1 points behind SPY at 712.4%. Over the past year its total return — price change plus distributions reinvested — is 20.1%. Its deepest 1-year drawdown was 16.4%.

KBWB key facts

Distribution Safety Score™

100 · Safe

Safety-Adjusted Yield

2.12%

Issuer

Invesco

Asset type

ETF

Asset class

Equity

Inception date

11/01/2011

Expense ratio

0.35%

Distribution rate

2.12%

Distribution frequency

Quarterly

Trailing yield

2.15%

Last close

$86.78 (as of 2026-10-16)

AUM

$6,134,239,656

Average volume

4002327.0

Dividend

$0.46

Ex-dividend date

09/21/2026

Payment date

09/25/2026

Beta

1.19

How Dividend Vision calculates yield and returns

Distribution rate (2.12%) uses calculation basis unavailable. Issuer rates can use a different denominator and date, including ex-date NAV. Trailing-12-month yield (2.15%) 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: Invesco; Index: KBW Nasdaq Bank 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.

KBWB risks and drawbacks

KBWB'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 16.4%.

Who may consider KBWB — and who may not

KBWB 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 (KBWB 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 KBWB

• All tickers starting with K

Tagged: Basket, Financials, Index.

Frequently asked questions

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