How have US ETFs performed? How much SVB exposure do ETFs have? Let’s take a look!
A number of exchange traded funds suffered sharp falls for the third consecutive session on Monday, March 14 as the spillover effects from the collapse of Silicon Valley Bank and Signature Bank spread across equity markets.
The shutdown of these two banks has adversely affected banking stock prices in the US and across the globe and along with its most ETFs having banking exposure have also taken a hit.
Top ETFs having exposure to Silicon Valley Bank (SVB):
Source: ETF.com
Many regional banks in the US such as Western Alliance, First Republic Bank and PacWest and international banks like Wells Fargo and JP Morgan’s share prices all dropped after regulators shut down SVB operations.
ETFs with US regional bank exposure and their top holdings:
| Ticker | Fund Name | Top Holdings |
| IAT | iShares US Regional Banks ETF | US Bancorp, PNC, Truist |
| KRE | SPDR S&P Regional Banking ETF | SVB, Western Alliance, East West Bancorp |
| KBWB | Invesco KBW Bank ETF | Citi, JP Morgan, Wells Fargo |
| IEFN | iShares Evolved US financials ETF | Bank of America, JP Morgan |
| DPST | Direxion Daily Regional Banks Bull 3x Shares | SVB, Western Alliance, East West Bancorp |
Source: Refintiv, data as on Feb 2023.
Top ETFs having exposure to Signature Bank:
| Ticker | Name | % exposure |
| GFOF | Grayscale Future of Finance ETF | 6.2% |
| CRPT | First Trust SkyBridge Crypto Industry and Digital Economy ETF | 3.8% |
| KOIN | Capital Link Global Fintech Leaders ETF | 2.3% |
| STCE | Schwab Crypto Thematic ETF | 1.9% |
Source:VettaFi, data as on Jan 31, 2023.
Top US banking ETF's share performance:
| Ticker | Fund Name | 1-week share performance |
| KBE | SPDR S&P Bank ETF | -10% |
| KBWR | Invesco KBW Regional Banking ETF | -7% |
| VFH | Vanguard Financials ETF | -4% |
| IAT | iShares US Regional Banks ETF | -14% |
| KRE | SPDR S&P Regional Banking ETF | -12% |
Source: Refinitiv, data as on Mar 13, 2023.
This is not investment advice. Investments in the securities market are subject to market risk, read all the related documents carefully before investing. Past performance is not indicative of future returns.