ETF UK BNKSLSESector Equity Financial ServicesBlackRock Asset Management Ireland - ETF · Ireland

iShares S&P U.S. Banks ETF (BNKS) ETF Analysis | Sector Equity Financial Services

£7.57+0.19 (+2.54%) Previous close · LSE

AUM $663.0M

Reward Ratingⓘ52Moderate reward assessment · 37.19% 1Y return

Risk Ratingⓘ73High risk assessment

Educational tool only – Scores are based on historical data, holdings and expense metrics for informational purposes. This is not financial advice or a recommendation to buy or sell any security. Always conduct your own research or consult a qualified financial adviser.

Market Performance

Up 37.2% over the past year, reflecting strong price momentum.

Cost Efficiency

Ongoing charge of 0.35% — competitive for the exposure provided.

What is BNKS?

iShares S&P U.S. Banks ETF tracks Morningstar Gbl Fin Svc NR USD, providing diversified exposure across 39 holdings. Its ongoing charge is 0.35%.

Performance Highlights

Investment Breakdown

Strong Recent Performance

BNKS delivered 37.2% over the past year. Historical returns only — past performance is not indicative of future results.

Moderate Cost

Ongoing charge of 0.35%. Consider how fees compound over a long holding period.

Concentrated Holdings

Top 10 holdings account for 54.9% of the ETF — significant weight in a small number of names.

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Analysis

Performance: Moderate (52)

The scoring profile reflects moderate historical performance, with a 37.2% 1-year return (historical). The ongoing charge of 0.35% should be considered against long-term return expectations. Risk indicators are high, reflecting meaningful price sensitivity (historical).

For informational and educational purposes only. Not financial advice. Past performance is not indicative of future results.

ETF Information

AUM$663.0M

Ongoing Charge0.35%

Dividend Yield0.00%

Holdings39

Inception DateMay 2018

DomicileIreland

DistributionNA

IndexMorningstar Gbl Fin Svc NR USD

ProviderBlackRock Asset Management Ireland - ETF

Beta1.64

CategorySector Equity Financial Services

CurrencyUSD

Top holdings

Citigroup Inc. (C)7.53%
Bank of America Corp (BAC)6.90%
JPMorgan Chase & Co (JPM)6.90%
PNC Financial Services Group Inc (PNC)6.85%
Wells Fargo & Company (WFC)6.67%
Truist Financial Corp (TFC)4.08%
Fifth Third Bancorp (FITB)4.06%
Citizens Financial Group, Inc. (CFG)4.03%
Regions Financial Corporation (RF)3.92%
M&T Bank Corporation (MTB)3.90%

Portfolio Impact

How would BNKS affect your portfolio?

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6168

+7 points · better diversified

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Year	BNKS
2026 YTD	+4.2%
2025	+21.0%
2024	+27.3%
2023	-4.8%
2022	-23.5%
CAGR 4yr	+2.9%

Reward Rating Breakdown

Our reward rating analyses BNKS's attractiveness using 4 weighted factors. Each factor is scored 0-100, then combined using the weights shown below. Past performance does not guarantee future results.

Overall Reward Rating

Moderate REWARD

Data Coverage: %

Factor Framework

Performance

Has the ETF delivered strong historical returns versus similar ETFs?

Cost Efficiency

Is the ETF cheap to own over long periods?

Income

Does it provide attractive and consistent distributions?

Diversification Quality

Does it spread exposure across holdings, sectors, and regions?

Performance

Weight: 30%

68/100

Has the ETF delivered strong historical returns versus similar ETFs? Combines 1/3/5/10-year returns with the Sharpe ratio (risk-adjusted return).

1Y Return

37.19%

Very Good

3Y Return

25.22%

Very Good

5Y Return

5.50%

Neutral

10Y Return

0.00%

Weak

Sharpe Ratio

—

No Data

Solid historical performance: 1-year return of 37.19%, 3-year annualised 25.22%, 5-year annualised 5.50%. Past performance is not indicative of future results.

Cost Efficiency

Weight: 30%

80/100

Is the ETF cheap to own over long periods? Low ongoing charges compound into meaningful additional returns over a 10-year horizon.

Ongoing Charge

0.35%

Neutral

Net Expense Ratio

0.00%

Very Good

Annual Turnover

0.00%

Very Good

Tracking Difference

—

No Data

Low-cost and efficient structure: ongoing charge of 0.35%, net expense ratio of 0.00%, annual turnover of 0.0%.

Income

Weight: 15%

15/100

Does the ETF provide attractive and consistent distributions? Combines the current yield with distribution frequency.

Distribution Yield

0.00%

Very Weak

Distribution Frequency

No Data

Low-income profile — better suited as a growth holding: distribution yield of 0.00%, na distributions.

Diversification Quality

Weight: 25%

23/100

Does the ETF spread exposure across many holdings, sectors, and regions? Concentrated funds can be doing exactly what they're meant to do — treat the score as context, not a verdict.

Holdings

Very Weak

Top 10 Concentration

54.85%

Weak

Top Sector

Financial Services100.0%

Very Weak

Top Region

North America100.0%

Very Weak

Heavily concentrated — returns will be driven by a narrow slice of the market: 39 holdings, top 10 at 54.9%, Financial Services sector at 100.0%, North America at 100.0%.

Scores are derived from fund-provider disclosures and historical data. For informational and educational purposes only — not investment advice. Past performance is not indicative of future results.

Risk Rating Breakdown

Our risk rating analyses BNKS using 4 weighted factors. A higher score indicates higher risk. This is a framework for understanding exposure — concentrated funds can still be doing exactly what they're meant to do.

Overall Risk Rating

High RISK

Data Coverage: 83%

Factor Framework

Holdings Concentration

How much of the fund sits in its largest positions? Few dominant names mean returns ride on those companies.

Market Exposure

Geographic, sector and cyclical dependencies. High single-country or single-sector weight increases macro sensitivity.

Volatility

Historical price movement, beta and drawdowns — how sharply the fund moves relative to the market.

Income Reliability

How dependable the distribution yield is — cyclical-sector dependency and unusually high yields can flag payout risk.

Holdings Concentration

Weight: 25%

55/100

How much of the fund sits in a small number of positions? If the top holdings dominate, returns will be driven by those specific companies rather than the broader index.

Top 10 Weight

54.85%

Moderate

Largest Holding

7.53%

Moderate

Number of Holdings

Elevated

HHI (weight²)

323

Low Risk

Moderate holdings concentration: top 10 holdings at 54.9%, largest single position at 7.53%, 39 total holdings.

Market Exposure

Weight: 25%

90/100

How dependent is the fund on a single country, sector or economic cycle? Heavy exposure to one market means a single macro event can drive most of the return.

Top Region

North America100.0%

High Risk

Top Sector

Financial Services100.0%

High Risk

Top 2 Sectors

100.00%

High Risk

Cyclical Sectors

100.00%

High Risk

High market-exposure risk — returns closely track a narrow slice of the market: North America at 100.0%, Financial Services sector at 100.0%, 100.0% in cyclical sectors.

Volatility

Weight: 35%

73/100

How sharply does the fund move day-to-day and how deep have its drawdowns been? High volatility means wider return outcomes over short horizons.

1Y Volatility

16.20%

Moderate

Beta

1.64

High Risk

Max Drawdown

—

No Data

High historical volatility — expect meaningful short-term swings: 1Y volatility of 16.20%, beta of 1.64 (historical).

Income Reliability

Weight: 15%

Not applicable

This is an accumulating ETF. Distributions are reinvested inside the fund, so there's no dividend-reliability risk to assess. The 15% income weight is redistributed to the other three factors.

Scores are derived from fund-provider disclosures and historical data. For informational and educational purposes only — not investment advice. Risk scoring is model-based and past data does not guarantee future results.

iShares S&P U.S. Banks ETF (BNKS) ETF Analysis | Sector Equity Financial Services

Market Performance

Cost Efficiency

What is BNKS?

Performance Highlights

Investment Breakdown

The brief on iShares S&P U.S. Banks ETF

Analysis

How would BNKS affect your portfolio?

Performance Metrics

Annual Returns

Technical Analysis Summary

Reward Rating Breakdown

Performance

Cost Efficiency

Income

Diversification Quality

Risk Rating Breakdown

Holdings Concentration

Market Exposure

Volatility

Income Reliability

iShares S&P U.S. Banks ETF (BNKS) ETF Analysis | Sector Equity Financial Services

Market Performance

Cost Efficiency

What is BNKS?

Performance Highlights

Investment Breakdown

The brief on iShares S&P U.S. Banks ETF

Analysis

How would BNKS affect your portfolio?

Price & display

Indicators

Date range

Performance Metrics

Annual Returns

Technical Analysis Summary

Reward Rating Breakdown

Risk Rating Breakdown