Exchange-traded funds with exposure to banks lagged the broader market Tuesday after a trio of big banks reported disappointing second-quarter results. The Invesco KBW Bank ETF /zigman2/quotes/202716924/composite KBWB +3.18% and the First Trust Nasdaq Bank ETF were both down 1.7% in the early afternoon, and the SPDR S&P Regional Banking ETF was down 2.5%. The Invesco fund has about 25% of its portfolio in the three companies that reported Tuesday: Citigroup Inc., JPMorgan Chase Inc. /zigman2/quotes/205971034/composite JPM +2.20% , and Wells Fargo & Co. /zigman2/quotes/203790192/composite WFC +3.42% , which was down more than 5% midday. Investors don't need to look too far to see the last time most of the bank stocks and the ETFs were this low: they've been up and down all year. Still, for Wells Fargo, which missed analyst expectations, it was one of the worst post-earnings sell-offs in years. Wells shares have lost more than 55% in the year to date, compared to a 2.2% decline for the S&P 500 /zigman2/quotes/210599714/realtime SPX +0.06% .