- ISIN
- US78464A7717
- CUSIP
- 78464A771
- Issuer
- State Street
- Inception Date
- Nov 8, 2005
- Region
- North America (U.S.)
- Category
- Financials Equities
- Leveraged
- 1x (No leverage)
- Index Tracked
- S&P Capital Markets Select Industry Index
- Distribution Policy
- Distributing
- Asset Class
- Equity
- Asset Class Size
- Multi-Cap
- Asset Class Style
- Blend
- Assets Under Management
- $441M
Share Price Chart
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Performance
KCE Performance Chart
SPDR S&P Capital Markets ETF (KCE) is up 3.8% since the beginning of the year. KCE is currently trading at $155 per share. Investors who bought $1,000 worth of KCE shares 5 years ago would now be looking at an investment worth $1,893.
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Returns By Period
SPDR S&P Capital Markets ETF (KCE) has returned 3.84% so far this year and 14.91% over the past 12 months. Looking at the last ten years, KCE has achieved an annualized return of 17.43%, outperforming the S&P 500 Index benchmark, which averaged 13.67% per year.
SPDR S&P Capital Markets ETF
- 1D
- -0.52%
- 1M
- 3.51%
- YTD
- 3.84%
- 6M
- 4.49%
- 1Y
- 14.91%
- 3Y*
- 24.23%
- 5Y*
- 13.61%
- 10Y*
- 17.43%
Benchmark (S&P 500 Index)
- 1D
- 1.08%
- 1M
- 2.00%
- YTD
- 9.57%
- 6M
- 10.71%
- 1Y
- 25.41%
- 3Y*
- 19.37%
- 5Y*
- 12.48%
- 10Y*
- 13.67%
KCE Monthly Returns History
Based on dividend-adjusted daily data since Nov 15, 2005, KCE's average daily return is +0.05%, while the average monthly return is +0.82%. At this rate, an investment would double in approximately 7.1 years.
Historically, 59% of months were positive and 41% were negative. The best month was Mar 2009 with a return of +18.8%, while the worst month was Oct 2008 at -22.9%. The longest winning streak lasted 8 consecutive months, and the longest losing streak was 7 months.
On a daily basis, KCE closed higher 53% of trading days. The best single day was Nov 24, 2008 with a return of +15.0%, while the worst single day was Dec 1, 2008 at -16.9%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 3.96% | -7.04% | -4.53% | 10.38% | 0.03% | 1.93% | 3.84% | ||||||
| 2025 | 6.17% | -5.24% | -8.52% | -1.46% | 8.65% | 7.76% | 5.61% | 1.65% | -1.42% | -4.57% | -0.04% | 3.33% | 10.76% |
| 2024 | -1.99% | 5.97% | 4.93% | -3.87% | 4.61% | -0.33% | 9.72% | 0.37% | 3.27% | 5.67% | 12.20% | -6.63% | 37.51% |
| 2023 | 13.30% | -1.28% | -5.28% | -1.64% | -3.21% | 7.86% | 7.97% | -2.01% | -3.01% | -5.39% | 11.23% | 12.40% | 32.04% |
| 2022 | -8.04% | -3.33% | -0.34% | -13.61% | 3.93% | -10.49% | 11.92% | -1.91% | -10.14% | 11.08% | 7.17% | -6.86% | -22.14% |
| 2021 | -1.04% | 8.20% | 5.07% | 6.31% | 3.38% | 1.83% | 1.34% | 4.49% | -3.93% | 11.86% | -4.21% | 2.05% | 40.05% |
Benchmark Metrics
SPDR S&P Capital Markets ETF has an annualized alpha of -2.43%, beta of 1.30, and R2 of 0.76 versus S&P 500 Index. Calculated based on daily prices since November 15, 2005.
- This ETF participated in 130.97% of S&P 500 Index downside but only 127.72% of its upside - more exposed to losses than it benefited from rallies.
- This ETF had an annualized alpha of -2.43% versus S&P 500 Index - delivering less than market exposure alone would predict.
- Alpha
- -2.43%
- Beta
- 1.30
- R²
- 0.76
- Upside Capture
- 127.72%
- Downside Capture
- 130.97%
Expense Ratio
KCE has an expense ratio of 0.35%, placing it in the medium range.
Return for Risk
Risk / Return Rank
KCE ranks 20 for risk / return — below 20% of ETFs on our site. The returns aren't fully compensating for the risk involved. This isn't necessarily a dealbreaker, but factor it into your decision — especially if you're risk-averse.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for SPDR S&P Capital Markets ETF (KCE) and compare them to S&P 500 Index.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| KCE | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.30 | ||
| Sortino ratioReturn per unit of downside risk | -1.65 | ||
| Omega ratioGain probability vs. loss probability | 1.14 | 1.37 | -0.23 |
| Calmar ratioReturn relative to maximum drawdown | 0.86 | 2.81 | -1.95 |
| Martin ratioReturn relative to average drawdown | 2.23 | 12.55 | -10.32 |
Dividends
Dividend History
SPDR S&P Capital Markets ETF provided a 1.66% dividend yield over the last twelve months, with an annual payout of $2.58 per share. The fund has been increasing its distributions for 2 consecutive years.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $2.58 | $2.44 | $2.15 | $1.86 | $1.90 | $1.59 | $1.66 | $1.37 | $1.28 | $1.13 | $1.03 | $1.06 |
Dividend yield | 1.66% | 1.63% | 1.56% | 1.82% | 2.42% | 1.53% | 2.20% | 2.32% | 2.67% | 1.95% | 2.30% | 2.43% |
Monthly Dividends
The table displays the monthly dividend distributions for SPDR S&P Capital Markets ETF. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.00 | $0.00 | $0.72 | $0.00 | $0.00 | $0.00 | $0.72 | ||||||
| 2025 | $0.00 | $0.00 | $0.58 | $0.00 | $0.00 | $0.60 | $0.00 | $0.00 | $0.54 | $0.00 | $0.00 | $0.73 | $2.44 |
| 2024 | $0.00 | $0.00 | $0.56 | $0.00 | $0.00 | $0.51 | $0.00 | $0.00 | $0.55 | $0.00 | $0.00 | $0.54 | $2.15 |
| 2023 | $0.00 | $0.00 | $0.45 | $0.00 | $0.00 | $0.41 | $0.00 | $0.00 | $0.36 | $0.00 | $0.00 | $0.63 | $1.86 |
| 2022 | $0.00 | $0.00 | $0.52 | $0.00 | $0.00 | $0.47 | $0.00 | $0.00 | $0.41 | $0.00 | $0.00 | $0.50 | $1.90 |
| 2021 | $0.00 | $0.00 | $0.33 | $0.00 | $0.00 | $0.39 | $0.00 | $0.00 | $0.26 | $0.00 | $0.00 | $0.61 | $1.59 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
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Worst Drawdowns
The table below displays the maximum drawdowns of the SPDR S&P Capital Markets ETF. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the SPDR S&P Capital Markets ETF was 74.00%, occurring on Nov 20, 2008. Recovery took 2295 trading sessions.
The current SPDR S&P Capital Markets ETF drawdown is 3.59%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
Financial crisis2007–2009 | -74.00%Nov 2008 | 1y 5mo | 9y 1mo | 10y 6moJun 2007 - Jan 2018 |
COVID crash2020 | -40.78%Mar 2020 | 1mo 1d | 6mo 23d | 7mo 24dFeb 2020 - Oct 2020 |
Bear market2022 | -34.45%Jun 2022 | 7mo 14d | 1y 8mo | 2y 3moNov 2021 - Feb 2024 |
Rate-hike selloffLate 2018 | -26.45%Dec 2018 | 9mo 17d | 11mo 28d | 1y 9moMar 2018 - Dec 2019 |
2025 selloff2025 | -26.31%Apr 2025 | 4mo 13d | 2mo 25d | 7mo 8dNov 2024 - Jul 2025 |
Drawdown Indicators
| KCE | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -74.00% | -56.78% | -17.22% |
Max Drawdown (1Y)Largest decline over 1 year | -17.44% | -9.10% | -8.34% |
Max Drawdown (3Y)Largest decline over 3 years | -26.31% | -18.90% | -7.41% |
Max Drawdown (5Y)Largest decline over 5 years | -34.45% | -25.43% | -9.02% |
Max Drawdown (10Y)Largest decline over 10 years | -40.78% | -33.92% | -6.86% |
Current DrawdownCurrent decline from peak | -3.59% | -1.43% | -2.16% |
Average DrawdownAverage peak-to-trough decline | -22.76% | -10.71% | -12.05% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.70% | 2.03% | +4.67% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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