From Nasdaq.: 2024-05-08 06:20:06

The SPDR S&P Capital Markets ETF (KCE) debuted in 2005, offering exposure to the Financials ETFs category. Smart beta ETFs differ from traditional cap-weighted indexes, focusing on stock selection based on fundamental characteristics. KCE, managed by State Street Global Advisors, aims to match the S&P Capital Markets Select Industry Index’s performance.

With annual operating expenses of 0.35%, KCE is one of the cheapest in its category, yielding 1.79%. The ETF heavily allocates to the Financials sector, with top holdings including Robinhood Markets Inc A, Coinbase Global Inc, and Schwab Corp. KCE’s performance this year has increased by 8.31%.

Investors seeking alternatives can explore the iShares U.S. Broker-Dealers & Securities Exchanges ETF (IAI) with an expense ratio of 0.40%. KCE’s high risk profile, with a beta of 1.20, may not suit all investors. To learn more about ETFs and investment options, visit the Zacks ETF Center.

Read more at Barchart: Is SPDR S&P Capital Markets ETF (KCE) a Strong ETF Right Now?