It should be noted that regional banks, given their small size, are more volatile than their larger counterparts.
Additionally, those looking for an all-encompassing financial sector ETF may consider the SPDR S&P Bank ETF (NYSEArca: KBE), which holds both large and regional banks. With 40 holdings, the KBE equally-weights its component stocks, with its top holding at 2.8%. The fund has an expense ratio of 0.35%.
Financial Select Sector SPDR
For more information on financial stocks, visit our financial category.
Max Chen contributed to this article.