BAC vs. KRE

Last updated Jun 13, 2026

BAC (Bank of America Corporation) is a stock, while KRE (SPDR S&P Regional Banking ETF) is Financials Equities fund tracking the S&P Regional Banks Select Industry Index. Over the past 10 years, BAC returned 18.19%/yr vs 9.20%/yr for KRE. A 0.76 correlation means they provide meaningful diversification when combined.

Performance

BAC vs. KRE - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Bank of America Corporation (BAC) and SPDR S&P Regional Banking ETF (KRE). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, BAC achieves a 3.72% return, which is significantly lower than KRE's 13.93% return. Over the past 10 years, BAC has outperformed KRE with an annualized return of 18.19%, while KRE has yielded a comparatively lower 9.20% annualized return.

BAC

• 1D: 2.31%
• 1M: 13.98%
• YTD: 3.72%
• 6M: 3.46%
• 1Y: 30.78%
• 3Y*: 27.43%
• 5Y*: 8.79%
• 10Y*: 18.19%

KRE

• 1D: 1.47%
• 1M: 9.62%
• YTD: 13.93%
• 6M: 10.76%
• 1Y: 33.87%
• 3Y*: 21.99%
• 5Y*: 4.16%
• 10Y*: 9.20%

*Multi-year figures are annualized to reflect compound growth (CAGR)

BAC vs. KRE - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
BAC Bank of America Corporation	3.72%	28.04%	33.85%	4.83%	-23.82%	49.61%	-11.63%	46.19%	-15.00%	35.69%
KRE SPDR S&P Regional Banking ETF	13.93%	10.21%	18.58%	-7.61%	-15.08%	39.29%	-7.43%	27.44%	-18.81%	7.49%

Correlation

The correlation between BAC and KRE is 0.66, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.66
Correlation (3Y) Calculated over the trailing 3-year period	0.74
Correlation (5Y) Calculated over the trailing 5-year period	0.77
Correlation (10Y) Calculated over the trailing 10-year period	0.81
Correlation (All Time) Calculated using the full available price history since Jun 22, 2006	0.76

The correlation between BAC and KRE shifts across timeframes, from 0.66 (1 year) to 0.81 (10 years), reflecting how their relationship changes across market environments.

Return for Risk

BAC vs. KRE — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

BAC

BAC Risk / Return Rank: 75
BAC Sharpe Ratio Rank: 81
BAC Sortino Ratio Rank: 74
BAC Omega Ratio Rank: 74
BAC Calmar Ratio Rank: 73
BAC Martin Ratio Rank: 74

KRE

KRE Risk / Return Rank: 42
KRE Sharpe Ratio Rank: 42
KRE Sortino Ratio Rank: 40
KRE Omega Ratio Rank: 42
KRE Calmar Ratio Rank: 46
KRE Martin Ratio Rank: 38

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

BAC vs. KRE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Bank of America Corporation (BAC) and SPDR S&P Regional Banking ETF (KRE). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

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.

	BAC	KRE	Difference
Sharpe ratio: Return per unit of total volatility	1.36	1.30	+0.06
Sortino ratio: Return per unit of downside risk	1.85	1.84	0.00
Omega ratio: Gain probability vs. loss probability	1.24	1.24	-0.01
Calmar ratio: Return relative to maximum drawdown	1.64	2.03	-0.40
Martin ratio: Return relative to average drawdown	4.21	5.29	-1.08

BAC vs. KRE - Sharpe Ratio Comparison

The current BAC Sharpe Ratio is 1.36, which is comparable to the KRE Sharpe Ratio of 1.30. The chart below compares the historical Sharpe Ratios of BAC and KRE, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

BAC vs. KRE - Drawdown Comparison

The maximum BAC drawdown since its inception was -93.10%, which is greater than KRE's maximum drawdown of -68.54%. Use the drawdown chart below to compare losses from any high point for BAC and KRE.

Drawdown Indicators

	BAC	KRE	Difference
Max Drawdown Largest peak-to-trough decline	-93.10%	-68.54%	-24.56%
Max Drawdown (1Y) Largest decline over 1 year	-17.93%	-14.95%	-2.98%
Max Drawdown (3Y) Largest decline over 3 years	-27.51%	-28.20%	+0.69%
Max Drawdown (5Y) Largest decline over 5 years	-46.64%	-52.69%	+6.05%
Max Drawdown (10Y) Largest decline over 10 years	-48.95%	-54.92%	+5.97%
Current Drawdown Current decline from peak	-0.36%	0.00%	-0.36%
Average Drawdown Average peak-to-trough decline	-28.30%	-21.87%	-6.43%
Ulcer Index Depth and duration of drawdowns from previous peaks	6.96%	5.75%	+1.21%

Volatility

BAC vs. KRE - Volatility Comparison

The current volatility for Bank of America Corporation (BAC) is 5.49%, while SPDR S&P Regional Banking ETF (KRE) has a volatility of 6.15%. This indicates that BAC experiences smaller price fluctuations and is considered to be less risky than KRE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	BAC	KRE	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.49%	6.15%	-0.66%
Volatility (6M) Calculated over the trailing 6-month period	16.57%	15.76%	+0.81%
Volatility (1Y) Calculated over the trailing 1-year period	21.62%	23.37%	-1.75%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	26.89%	29.99%	-3.10%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	30.68%	31.93%	-1.25%

Dividends

BAC vs. KRE - Dividend Comparison

BAC's dividend yield for the trailing twelve months is around 2.72%, more than KRE's 2.14% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
BAC Bank of America Corporation	2.72%	1.96%	2.28%	2.73%	2.60%	1.75%	2.38%	1.87%	2.19%	1.32%	1.13%	1.19%
KRE SPDR S&P Regional Banking ETF	2.14%	2.45%	2.59%	2.99%	2.51%	1.97%	2.78%	2.21%	2.48%	1.40%	1.40%	1.80%

Frequently Asked Questions

Can I hold both BAC and KRE in my portfolio?

BAC and KRE have a correlation of 0.66, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, BAC or KRE?

KRE has higher volatility (6.15%) compared to BAC (5.49%). In terms of maximum drawdown, BAC dropped -93.10% vs KRE's -68.54%.

Which has better risk-adjusted returns?

BAC currently has the higher Sharpe Ratio (1.36 vs 1.30), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.