Sector

Financial Sector ETFs

Financial sector funds diverge sharply: mega-cap money-center banks, equal-weighted regionals, capital markets, or insurance. Rate sensitivity and credit risk differ enormously between them.

Sort6 funds

XLF

Financial Select Sector SPDR

SPDR

The default financials trade: cap-weighted S&P 500 financial sector.

Fee: 0.08%
AUM: $51.2B
Yield: 1.4%

1Y: +21.4%
5Y ann.: +15.2%
10Y ann.: —
All-time: —

VFH

Vanguard Financials ETF

Vanguard

All-cap US financials — includes small and mid-cap banks XLF omits.

Fee: 0.09%
AUM: $12.8B
Yield: 1.6%

1Y: +20.1%
5Y ann.: +14.7%
10Y ann.: —
All-time: —

KRE

SPDR S&P Regional Banking ETF

SPDR

Equal-weighted regional banks. Pure rate-and-credit beta, no payments companies.

Fee: 0.35%
AUM: $4.1B
Yield: 3.0%

1Y: +12.6%
5Y ann.: +7.1%
10Y ann.: —
All-time: —

FNCL

Fidelity MSCI Financials Index ETF

Fidelity

Cheapest broad financials wrapper, near-identical to VFH in composition.

Fee: 0.08%
AUM: $2.4B
Yield: 1.5%

1Y: +20.3%
5Y ann.: +14.8%
10Y ann.: —
All-time: —

IAI

iShares U.S. Broker-Dealers & Exchanges ETF

iShares

Capital markets only: investment banks, exchanges and asset managers.

Fee: 0.40%
AUM: $1.6B
Yield: 0.9%

1Y: +28.7%
5Y ann.: +19.4%
10Y ann.: —
All-time: —

KIE

SPDR S&P Insurance ETF

SPDR

Equal-weighted insurers — the low-beta corner of the financial sector.

Fee: 0.35%
AUM: $900M
Yield: 1.6%

1Y: +14.2%
5Y ann.: +14.1%
10Y ann.: —
All-time: —