BNKS.L vs. KBE
Compare and contrast key facts about iShares S&P U.S. Banks (BNKS.L) and SPDR S&P Bank ETF (KBE).
BNKS.L and KBE are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. BNKS.L is a passively managed fund by iShares that tracks the performance of the MSCI World/Financials NR USD. It was launched on May 22, 2018. KBE is a passively managed fund by State Street that tracks the performance of the S&P Banks Select Industry Index. It was launched on Nov 8, 2005. Both BNKS.L and KBE are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: BNKS.L or KBE.
Key characteristics
| BNKS.L | KBE | |
|---|---|---|
| YTD Return | 5.28% | 2.45% |
| 1Y Return | 40.12% | 45.34% |
| 3Y Return (Ann) | -5.59% | -2.46% |
| 5Y Return (Ann) | 3.16% | 3.89% |
| Sharpe Ratio | 1.59 | 1.63 |
| Daily Std Dev | 26.80% | 26.76% |
| Max Drawdown | -51.35% | -83.15% |
| Current Drawdown | -26.39% | -17.01% |
Correlation
The correlation between BNKS.L and KBE is 0.70, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
BNKS.L vs. KBE - Performance Comparison
In the year-to-date period, BNKS.L achieves a 5.28% return, which is significantly higher than KBE's 2.45% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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BNKS.L vs. KBE - Expense Ratio Comparison
Both BNKS.L and KBE have an expense ratio of 0.35%.
Risk-Adjusted Performance
BNKS.L vs. KBE - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares S&P U.S. Banks (BNKS.L) and SPDR S&P Bank ETF (KBE). 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.
Dividends
BNKS.L vs. KBE - Dividend Comparison
BNKS.L has not paid dividends to shareholders, while KBE's dividend yield for the trailing twelve months is around 2.83%.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BNKS.L iShares S&P U.S. Banks | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
KBE SPDR S&P Bank ETF | 2.83% | 2.78% | 2.99% | 2.16% | 2.44% | 2.33% | 2.18% | 1.36% | 1.39% | 1.70% | 1.59% | 1.37% |
Drawdowns
BNKS.L vs. KBE - Drawdown Comparison
The maximum BNKS.L drawdown since its inception was -51.35%, smaller than the maximum KBE drawdown of -83.15%. Use the drawdown chart below to compare losses from any high point for BNKS.L and KBE. For additional features, visit the drawdowns tool.
Volatility
BNKS.L vs. KBE - Volatility Comparison
The current volatility for iShares S&P U.S. Banks (BNKS.L) is 6.18%, while SPDR S&P Bank ETF (KBE) has a volatility of 6.80%. This indicates that BNKS.L experiences smaller price fluctuations and is considered to be less risky than KBE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.