CBFV vs. KRE

Last updated Jun 23, 2026

CBFV (CB Financial Services, 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, CBFV returned 8.86%/yr vs 9.42%/yr for KRE. At a 0.12 correlation, their price movements are largely independent.

Performance

CBFV vs. KRE - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in CB Financial Services, Inc. (CBFV) 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, CBFV achieves a 3.00% return, which is significantly lower than KRE's 12.38% return. Over the past 10 years, CBFV has underperformed KRE with an annualized return of 8.86%, while KRE has yielded a comparatively higher 9.42% annualized return.

CBFV

• 1D: -4.46%
• 1M: 2.49%
• YTD: 3.00%
• 6M: -1.19%
• 1Y: 32.72%
• 3Y*: 24.82%
• 5Y*: 14.50%
• 10Y*: 8.86%

KRE

• 1D: 0.96%
• 1M: 4.38%
• YTD: 12.38%
• 6M: 8.46%
• 1Y: 30.35%
• 3Y*: 25.54%
• 5Y*: 4.62%
• 10Y*: 9.42%

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

CBFV vs. KRE - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
CBFV CB Financial Services, Inc.	3.00%	25.99%	25.11%	16.48%	-7.16%	25.67%	-30.79%	26.28%	-14.92%	19.86%
KRE SPDR S&P Regional Banking ETF	12.38%	10.21%	18.58%	-7.61%	-15.08%	39.29%	-7.43%	27.44%	-18.81%	7.49%

Correlation

The correlation between CBFV and KRE is 0.40, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.40
Correlation (3Y) Calculated over the trailing 3-year period	0.33
Correlation (5Y) Calculated over the trailing 5-year period	0.23
Correlation (10Y) Calculated over the trailing 10-year period	0.22
Correlation (All Time) Calculated using the full available price history since Jun 22, 2006	0.12

Over the past year, CBFV and KRE have become more correlated (0.40) than their long-term average of 0.12, meaning their price movements have been converging.

Return for Risk

CBFV vs. KRE — Risk / Return Rank

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

CBFV

CBFV Risk / Return Rank: 77
CBFV Sharpe Ratio Rank: 77
CBFV Sortino Ratio Rank: 73
CBFV Omega Ratio Rank: 71
CBFV Calmar Ratio Rank: 85
CBFV Martin Ratio Rank: 82

KRE

KRE Risk / Return Rank: 38
KRE Sharpe Ratio Rank: 38
KRE Sortino Ratio Rank: 37
KRE Omega Ratio Rank: 38
KRE Calmar Ratio Rank: 42
KRE Martin Ratio Rank: 36

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.

CBFV vs. KRE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for CB Financial Services, Inc. (CBFV) 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.

	CBFV	KRE	Difference
Sharpe ratio: Return per unit of total volatility	1.20	1.31	-0.11
Sortino ratio: Return per unit of downside risk	1.83	1.86	-0.03
Omega ratio: Gain probability vs. loss probability	1.22	1.24	-0.02
Calmar ratio: Return relative to maximum drawdown	3.31	2.04	+1.27
Martin ratio: Return relative to average drawdown	6.89	5.29	+1.60

CBFV vs. KRE - Sharpe Ratio Comparison

The current CBFV Sharpe Ratio is 1.20, which is comparable to the KRE Sharpe Ratio of 1.31. The chart below compares the historical Sharpe Ratios of CBFV 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

CBFV vs. KRE - Drawdown Comparison

The maximum CBFV drawdown since its inception was -50.77%, smaller than the maximum KRE drawdown of -68.54%. Use the drawdown chart below to compare losses from any high point for CBFV and KRE.

Drawdown Indicators

	CBFV	KRE	Difference
Max Drawdown Largest peak-to-trough decline	-50.77%	-68.54%	+17.77%
Max Drawdown (1Y) Largest decline over 1 year	-9.93%	-14.95%	+5.02%
Max Drawdown (3Y) Largest decline over 3 years	-21.15%	-28.20%	+7.05%
Max Drawdown (5Y) Largest decline over 5 years	-27.33%	-52.69%	+25.36%
Max Drawdown (10Y) Largest decline over 10 years	-50.77%	-54.92%	+4.15%
Current Drawdown Current decline from peak	-6.51%	-1.36%	-5.15%
Average Drawdown Average peak-to-trough decline	-12.76%	-21.85%	+9.09%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.76%	5.75%	-0.99%

Volatility

CBFV vs. KRE - Volatility Comparison

CB Financial Services, Inc. (CBFV) has a higher volatility of 9.57% compared to SPDR S&P Regional Banking ETF (KRE) at 6.20%. This indicates that CBFV'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

	CBFV	KRE	Difference
Volatility (1M) Calculated over the trailing 1-month period	9.57%	6.20%	+3.37%
Volatility (6M) Calculated over the trailing 6-month period	19.48%	15.98%	+3.50%
Volatility (1Y) Calculated over the trailing 1-year period	27.56%	23.33%	+4.23%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	26.19%	29.84%	-3.65%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	28.69%	31.93%	-3.24%

Dividends

CBFV vs. KRE - Dividend Comparison

CBFV's dividend yield for the trailing twelve months is around 3.06%, more than KRE's 2.76% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
CBFV CB Financial Services, Inc.	3.06%	2.93%	3.50%	4.20%	4.48%	3.99%	4.80%	3.19%	3.59%	2.93%	3.40%	3.71%
KRE SPDR S&P Regional Banking ETF	2.76%	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 CBFV and KRE in my portfolio?

CBFV and KRE have a correlation of 0.40, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, CBFV or KRE?

CBFV has higher volatility (9.57%) compared to KRE (6.20%). In terms of maximum drawdown, CBFV dropped -50.77% vs KRE's -68.54%.

Which has better risk-adjusted returns?

KRE currently has the higher Sharpe Ratio (1.31 vs 1.20), 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.