Bank ETFs cover financial institutions that are traditional depository institutions that borrow at short rates and lend at long rates. You won't see massive investment banks like Goldman Sachs or Morgan Stanley here; instead, you'll find names like Zion's Bancorp or Bank of Hawaii. Then again, there are still very large firms in this segment.
With 2 ETFs traded on the U.S. markets, Bank ETFs have total assets under management of $2.26B. The average expense ratio is 0.47%. Bank ETFs can be found in the following asset classes:
The largest Bank ETF is the Invesco KBW Bank ETF KBWB with $2.04B in assets. In the last trailing year, the best-performing Bank ETF was FTXO at -6.18%. The most recent ETF launched in the Bank space was the First Trust Nasdaq Bank ETF FTXO on 09/20/16.