ETF · iShares
BNKS iShares S&P US Banks UCITS ETF
ISIN IE00BD3V0B10London Stock Exchange: BNKSBlackRock, Inc.
- Single sectors
- ETF
- ISA
- SIPP
- Accumulating
Latest close
LSE$8.24
on
- Ongoing charge
- 0.35% a year
- Fund size
- £857m
As of , at least 15 min delayed
At a glance
As of 13/11/2026, BNKS (iShares S&P US Banks UCITS ETF, ISIN IE00BD3V0B10) closed at $8.24 on the London Stock Exchange. Its ongoing charge is 0.35% a year (about £35 on £10,000). Over the five years to 13/11/2026 its total return was +24.8%, or −2.6% after UK CPIH inflation.
Past returns
- 1 year to 13/11/2026
- +16.6%
- +12.5% after inflation (UK CPIH)
- 3 years to 13/11/2026
- +92.4%
- +73.8% after inflation (UK CPIH)
- 5 years to 13/11/2026
- +24.8%
- −2.6% after inflation (UK CPIH)
£1,000 put in five years ago would have been worth about £1,248 on 13/11/2026 — about £974 in today’s spending power, once price rises are taken out. Past performance is not a guide to future returns.
Returns: as reported (delayed data). Inflation: UK CPIH, latest month published.
How we work it out:ReturnsReturns after inflationTotal returnReal returnCPIH
Calendar-year and 12-month returns
Calendar-year returns of iShares S&P US Banks UCITS ETF in pounds (price, with income reinvested in the fund): 2022 −9.0%, 2023 −8.3%, 2024 +29.7%, 2025 +11.9%; 2026 to 13/11/2026 +8.9%. Returns of iShares S&P US Banks UCITS ETF in pounds (price, with income reinvested in the fund) over the 12 months to 30/09/2026: +13.1%; to 30/09/2025: +22.5%; to 30/09/2024: +31.7%; to 30/09/2023: −28.7%; to 30/09/2022: −1.3%.
| Year | Return | After inflation | Return shown as a bar |
|---|---|---|---|
| to | +8.9% | +5.4% | |
| to | +11.9% | +8.1% | |
| to | +29.7% | +25.3% | |
| −8.3% | −12.0% | ||
| −9.0% | −16.7% |
| 12 months to | Return | After inflation |
|---|---|---|
| from | +13.1% | +9.0% |
| from | +22.5% | +17.8% |
| from | +31.7% | +28.4% |
| from | −28.7% | −33.0% |
| from | −1.3% | −9.3% |
As of , inflation: UK CPIH
How we work it out:Calendar-year returnsWhat a calendar-year return isAccumulating and distributing
Risk: volatility and largest fall
Volatility (annualised)
26.0%over 5 years
| 1 year | 19.8% |
|---|---|
| 3 years | 24.0% |
| 5 years | 26.0% |
Annualised from weekly returns. Higher means bumpier.
- Largest fall since November 2021
- −44.4%
- From to
- Lowest 12-month return
- −34.4%
- 12 months to
- Highest 12-month return
- +63.7%
- 12 months to
- Below its highest weekly close since November 2021
- 6.2%
- High of , latest
In words: Volatility of iShares S&P US Banks UCITS ETF in pounds, annualised from weekly returns to 13/11/2026: 19.8% over 1 year, 24.0% over 3 years, 26.0% over 5 years. Largest fall in the price of iShares S&P US Banks UCITS ETF since November 2021, in pounds: −44.4% from 07/01/2022 to 12/05/2023. The lowest 12-month return of iShares S&P US Banks UCITS ETF in pounds (price, with income reinvested in the fund) since January 2021 was −34.4% (12 months to 12/05/2023); the highest was +63.7% (12 months to 22/11/2024). On 13/11/2026 the price of iShares S&P US Banks UCITS ETF was 6.2% below its highest weekly close since November 2021 (14/08/2026), in pounds.
As of , price, with income reinvested in the fund
How we work it out:Risk figuresFallsVolatilityLargest fall
Charges compared with similar funds
- Ongoing charge
- 0.35%
- a year
- On £10,000
- £35
- a year, roughly
- Over five years
- £174
- of £10,000, before growth
- 91 charge less
- 3 the same
- 70 charge more
Ongoing charge of iShares S&P US Banks UCITS ETF 0.35% a year. Compared on 14/11/2026, 70 of the 164 other single-sector funds charge more, 3 the same and 91 less (share classes counted once).
As of
A lower charge is not a promise of a higher return: what the fund holds matters more.
As of
Read more:Ongoing charge (OCF)OCF and TERFee dragHow charges add up
In plain English
iShares S&P US Banks UCITS ETF is an exchange-traded fund (ETF) from iShares, launched in 2018.
It tracks the S&P 900 Banks (Industry) 7/4 Capped Index - USD - Benchmark TR Net.
You buy and sell it through a share-dealing account or platform during stock-market hours, like a share.
Its ongoing charge is 0.35% a year — about £35 a year on every £10,000 invested, taken from the fund's value rather than billed to you.
Income from its investments is reinvested inside the fund, so it shows up as a rising price rather than cash paid to you.
Single sectors: Funds focused on one industry — banks, energy, defence, mining and so on.
Terms:ETFIndex fundUCITSAccumulating or incomeShare classISIN
Key facts
- Ticker
- BNKS
- ISIN
- IE00BD3V0B10
- Also listed as
- IUS2 (Xetra, euros)
- Provider
- iShares
- Tracks
- S&P 900 Banks (Industry) 7/4 Capped Index
- Structure
- ETF
- An exchange-traded fund: bought and sold on the stock exchange through the day, like a share.
- Income
- Accumulating
- Income is reinvested inside the fund, so it shows up as a rising price rather than cash paid to you.
- Ongoing charge
- 0.35% a year · about £35 on £10,000
- Fund size
- £857m
- Launched
- Domicile
- Ireland
- UK reporting fund status
- Yes — on HMRC’s list of reporting funds (list of )
- Reporting fund since . What reporting fund status means
- Can usually be held in
- ISA and SIPP
- Check with your platform: each decides which funds it offers.
- Currency hedged
- No
- Price currency
- USD
- Category
- Single sectors
Price chart
Over the last year, the closing price went from $6.96 on 14/11/2025 to $8.24 on 13/11/2026 (+18.4%). The lowest close shown was $6.94 on 21/11/2025 and the highest $8.99 on 14/08/2026.
One close a week. Before 31/07/2026 the closes are from the weekly price history for this listing; from then on, the closing prices we have recorded.
As of , at least 15 min delayed
Five years of prices, and after inflation
262 weekly closes, from 12/11/2021 to 13/11/2026. The same history in November 2026 pounds, adjusted with CPIH inflation.
Create a free account to see the 5-year price chart and the after-inflation chart
Sign-up takes an email address. There is no card to enter and nothing to pay.
How we work it out:Prices and returnsNAV and price
What it holds
- Holdings
- 40
- on record
- Ten largest
- 53.7%
- of the whole fund
- Effective number of holdings
- 25
- As concentrated as this many equal-sized holdings (how it is worked out)
- Largest holding
- 7.1%
- U.S. Bancorp
Top 10 holdings
| Rank# | Holding | Weight as a percentage of the fund |
|---|---|---|
| 1 | U.S. BancorpUSBFinancials | 7.12% |
| 2 | JP Morgan ChaseJPMFinancials | 7.02% |
| 3 | Wells FargoWFCFinancials | 6.94% |
| 4 | CitigroupCFinancials | 6.41% |
| 5 | Bank of AmericaBACFinancials | 5.87% |
| 6 | Truist FinancialTFCFinancials | 4.19% |
| 7 | Fifth Third BancorpFITBFinancials | 4.17% |
| 8 | Regions FinancialRFFinancials | 4.04% |
| 9 | PNC Financial Services GroupPNCFinancials | 3.97% |
| 10 | Huntington BancsharesHBANFinancials | 3.96% |
As of , holdings as published
Where it invests
The portfolio by sector, country and type of asset, as a share of the whole fund. Bonds, cash and positions without a classification are shown as they come, not guessed.
By sector
- Regional Banks54.8%
- Diversified Banks44.9%
- Cash and derivatives0.3%
By type of asset
- Equity99.7%
- Cash and money market0.3%
See the full portfolio
Every holding with search and filters, the whole breakdown by sector, country and type of asset, a map of the 40 largest and what changed since .
More of the portfolio
The fund publishes 38 holdings; the ten largest make up 53.7% of it. The fund's portfolio is also split by currency.
Create a free account to see the full holdings list and the currency, maturity and credit-quality breakdowns
Sign-up takes an email address. There is no card to enter and nothing to pay.
Holdings:Compare what it holds with another fundHoldings overlapHow overlap is measured
Risk and return in depth
Sharpe, Sortino and Calmar ratios
Sharpe, Sortino and Calmar ratios over 1, 3 and 5 years, from weekly returns in pounds.
With a free accountRolling returns
The full range of 254 rolling 12-month returns since January 2021, and of 150 rolling three-year returns, in pounds, with how often they were above zero.
With a free accountLargest falls and recoveries
The 3 largest falls since November 2021, in pounds, with how many weeks each took to reach its low and to recover.
With a free account
Create a free account to see the risk ratios, every rolling return and each large fall and its recovery
Sign-up takes an email address. There is no card to enter and nothing to pay.
Moves compared with a similar fund
Correlation and beta of weekly returns in pounds against iShares Core S&P 500 UCITS ETF, over the three years to 13/11/2026 (154 weeks).
Pro
Pro — currently by invitation
Pro includes moves against a comparable fund
Pro is open by invitation while it is being built. There is nothing to buy. To ask about access, email [email protected].
Questions people ask
What is the ongoing charge of BNKS?
The ongoing charge of BNKS is 0.35% a year — about £35 a year on every £10,000 invested, taken from the fund’s value rather than billed to you. Platform and dealing fees are charged separately. Ongoing charge of iShares S&P US Banks UCITS ETF 0.35% a year. Compared on 14/11/2026, 70 of the 164 other single-sector funds charge more, 3 the same and 91 less (share classes counted once).
What does BNKS track?
BNKS tracks the S&P 900 Banks (Industry) 7/4 Capped Index - USD - Benchmark TR Net.
Is BNKS accumulating or distributing?
BNKS is accumulating: income is reinvested inside the fund, so it shows up as a rising price rather than cash paid to you.
What is the ISIN of BNKS?
The ISIN of BNKS is IE00BD3V0B10. An ISIN identifies one exact share class of a fund; BNKS is its ticker on the London Stock Exchange. The same share class is also listed as IUS2 (Xetra, euros).
What does BNKS hold?
As of 06/11/2026, BNKS holds 38 positions, according to its published holdings. The largest is U.S. Bancorp at 7.12% of the fund; the ten largest make up 53.7%. Its ten largest holdings are U.S. Bancorp (7.12%), JP Morgan Chase (7.02%), Wells Fargo (6.94%), Citigroup (6.41%), Bank of America (5.87%), Truist Financial (4.19%), Fifth Third Bancorp (4.17%), Regions Financial (4.04%), PNC Financial Services Group (3.97%) and Huntington Bancshares (3.96%).
What were BNKS’s returns in each of the last five years?
Calendar-year returns of BNKS in pounds (price, with income reinvested in the fund): 2022 −9.0%, 2023 −8.3%, 2024 +29.7%, 2025 +11.9%; 2026 to 13/11/2026 +8.9%. Past performance is not a guide to future returns.
How has BNKS done after inflation?
Over the five years to 13/11/2026 BNKS’s total return was +24.8%, or −2.6% after UK CPIH inflation. Past performance is not a guide to future returns.
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Fund documents and methods
- Fund documents
- Fund page at iShares · Key investor information document (KIID) · Factsheet (links checked )
Methodology:ReturnsCategoriesAll methods
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