The KBW Bank Portfolio fund is an exchange traded fund (ETF) within the PowerShares family. There are at least 3 funds that are incredibly highly correlated with KBWB.

Within the PowerShares family of funds, the most positively correlated other funds are Fundamental Pure Small Growth Portfolio, Dynamic Media Portfolio, Dynamic Market Portfolio, FTSE RAFI US 1500 Small-Mid Portfolio, DWA Consumer Cyclicals Momentum Portfolio.

Outside of the PowerShares family, the most positively correlated other funds are iShares - U.S. Financial Services ETF, SPDR - S&P Bank, iShares - U.S. Regional Banks ETF, SPDR - S&P Regional Banking, SPDR - Financial Select Sector Fund.

Extremely Similar Funds

There are multiple other funds which have extremely high correlation to PowerShares's KBW Bank Portfolio fund.
99.6% IYG iShares U.S. Financial Services ETF
99.5% KBE SPDR S&P Bank
99.3% IAT iShares U.S. Regional Banks ETF

Performance for the previous 2 years


Positively Correlated PowerShares ETFs
PXSG PowerShares Fundamental Pure Small Growth Portfolio 98.4%
PBS PowerShares Dynamic Media Portfolio 98.2%
PWC PowerShares Dynamic Market Portfolio 98.1%
PRFZ PowerShares FTSE RAFI US 1500 Small-Mid Portfolio 98.1%
PEZ PowerShares DWA Consumer Cyclicals Momentum Portfolio 97.9%
Negatively Correlated PowerShares funds
DGL PowerShares DB Gold Fund -93.0%
DBP PowerShares DB Precious Metals Fund -92.6%
PSAU PowerShares Global Gold and Precious Metals Portfolio -92.1%
DBS PowerShares DB Silver Fund -91.1%
DBB PowerShares DB Base Metals Fund -72.5%

Positively Correlated Non-PowerShares funds
IYG iShares U.S. Financial Services ETF 99.6%
KBE SPDR S&P Bank 99.5%
IAT iShares U.S. Regional Banks ETF 99.3%
KRE SPDR S&P Regional Banking 98.7%
XLF SPDR Financial Select Sector Fund 98.7%
Negatively Correlated Non-PowerShares funds
GLD SPDR Gold Shares -92.5%
IAU iShares Gold Trust -92.4%
RING iShares MSCI Global Gold Miners ETF -91.6%
SLV iShares Silver Trust -90.9%
VGPMX Vanguard Mutual Funds Precious Metals and Mining -89.0%

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