BANC vs. KRE

Last updated Jun 4, 2026

BANC (Banc of California, Inc.) 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, BANC returned 1.65%/yr vs 7.80%/yr for KRE. A 0.53 correlation means they provide meaningful diversification when combined.

Performance

BANC vs. KRE - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Banc of California, Inc. (BANC) 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, BANC achieves a -2.67% return, which is significantly lower than KRE's 5.35% return. Over the past 10 years, BANC has underperformed KRE with an annualized return of 1.65%, while KRE has yielded a comparatively higher 7.80% annualized return.

BANC

• 1D: -2.41%
• 1M: 0.27%
• YTD: -2.67%
• 6M: -0.16%
• 1Y: 37.98%
• 3Y*: 20.15%
• 5Y*: 2.99%
• 10Y*: 1.65%

KRE

• 1D: -2.39%
• 1M: -1.61%
• YTD: 5.35%
• 6M: 6.27%
• 1Y: 21.36%
• 3Y*: 20.63%
• 5Y*: 1.92%
• 10Y*: 7.80%

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

BANC vs. KRE - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
BANC Banc of California, Inc.	-2.67%	28.05%	18.32%	-13.04%	-17.67%	35.08%	-12.57%	31.81%	-33.68%	22.05%
KRE SPDR S&P Regional Banking ETF	5.35%	10.21%	18.58%	-7.61%	-15.08%	39.29%	-7.43%	27.44%	-18.81%	7.49%

Correlation

The correlation between BANC and KRE is 0.82, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.82
Correlation (3Y) Calculated over the trailing 3-year period	0.82
Correlation (5Y) Calculated over the trailing 5-year period	0.82
Correlation (10Y) Calculated over the trailing 10-year period	0.78
Correlation (All Time) Calculated using the full available price history since Jun 23, 2006	0.53

Over the past year, BANC and KRE have become more correlated (0.82) than their long-term average of 0.53, meaning their price movements have been converging.

Return for Risk

BANC vs. KRE — Risk / Return Rank

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

BANC

BANC Risk / Return Rank: 74
BANC Sharpe Ratio Rank: 78
BANC Sortino Ratio Rank: 71
BANC Omega Ratio Rank: 72
BANC Calmar Ratio Rank: 73
BANC Martin Ratio Rank: 75

KRE

KRE Risk / Return Rank: 26
KRE Sharpe Ratio Rank: 25
KRE Sortino Ratio Rank: 25
KRE Omega Ratio Rank: 26
KRE Calmar Ratio Rank: 29
KRE Martin Ratio Rank: 26

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.

BANC vs. KRE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Banc of California, Inc. (BANC) 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.

	BANC	KRE	Difference
Sharpe ratio Return per unit of total volatility	1.29	0.92	+0.37
Sortino ratio Return per unit of downside risk	1.77	1.39	+0.38
Omega ratio Gain probability vs. loss probability	1.24	1.18	+0.06
Calmar ratio Return relative to maximum drawdown	1.86	1.44	+0.43
Martin ratio Return relative to average drawdown	4.94	3.72	+1.21
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

BANC vs. KRE - Sharpe Ratio Comparison

The current BANC Sharpe Ratio is 1.29, which is higher than the KRE Sharpe Ratio of 0.92. The chart below compares the historical Sharpe Ratios of BANC 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.

Sharpe Ratios by Period

	BANC	KRE	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.29	0.92	+0.37
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.08	0.06	+0.02
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.04	0.24	-0.21
Sharpe Ratio (All Time) Calculated using the full available price history	0.10	0.13	-0.03

Drawdowns

BANC vs. KRE - Drawdown Comparison

The maximum BANC drawdown since its inception was -82.29%, which is greater than KRE's maximum drawdown of -68.54%. Use the drawdown chart below to compare losses from any high point for BANC and KRE.

Drawdown Indicators

	BANC	KRE	Difference
Max Drawdown Largest peak-to-trough decline	-82.29%	-68.54%	-13.75%
Max Drawdown (1Y) Largest decline over 1 year	-20.47%	-14.95%	-5.52%
Max Drawdown (3Y) Largest decline over 3 years	-31.21%	-28.20%	-3.01%
Max Drawdown (5Y) Largest decline over 5 years	-53.31%	-52.69%	-0.62%
Max Drawdown (10Y) Largest decline over 10 years	-69.79%	-54.92%	-14.87%
Current Drawdown Current decline from peak	-11.02%	-7.27%	-3.75%
Average Drawdown Average peak-to-trough decline	-29.87%	-21.90%	-7.97%
Ulcer Index Depth and duration of drawdowns from previous peaks	7.71%	5.75%	+1.96%

Volatility

BANC vs. KRE - Volatility Comparison

Banc of California, Inc. (BANC) has a higher volatility of 7.14% compared to SPDR S&P Regional Banking ETF (KRE) at 6.14%. This indicates that BANC's price experiences larger fluctuations and is considered to be riskier than KRE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	BANC	KRE	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.14%	6.14%	+1.00%
Volatility (6M) Calculated over the trailing 6-month period	19.31%	15.84%	+3.47%
Volatility (1Y) Calculated over the trailing 1-year period	29.60%	23.37%	+6.23%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	36.39%	29.98%	+6.41%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	43.21%	31.92%	+11.29%

Dividends

BANC vs. KRE - Dividend Comparison

BANC's dividend yield for the trailing twelve months is around 2.25%, less than KRE's 2.32% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
BANC Banc of California, Inc.	2.25%	2.07%	2.59%	2.98%	1.51%	1.22%	1.63%	1.80%	3.91%	2.52%	2.82%	3.28%
KRE SPDR S&P Regional Banking ETF	2.32%	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 BANC and KRE in my portfolio?

BANC and KRE have a correlation of 0.82, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, BANC or KRE?

BANC has higher volatility (7.14%) compared to KRE (6.14%). In terms of maximum drawdown, BANC dropped -82.29% vs KRE's -68.54%.

Which has better risk-adjusted returns?

BANC currently has the higher Sharpe Ratio (1.29 vs 0.92), 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.