CMA vs. KRE
Compare and contrast key facts about Comerica Incorporated (CMA) and SPDR S&P Regional Banking ETF (KRE).
KRE is a passively managed fund by State Street that tracks the performance of the S&P Regional Banks Select Industry Index. It was launched on Jun 19, 2006.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: CMA or KRE.
Key characteristics
| CMA | KRE | |
|---|---|---|
| YTD Return | 30.86% | 28.47% |
| 1Y Return | 64.31% | 50.58% |
| 3Y Return (Ann) | -3.21% | -1.37% |
| 5Y Return (Ann) | 5.23% | 6.38% |
| 10Y Return (Ann) | 7.52% | 7.60% |
| Sharpe Ratio | 1.89 | 1.73 |
| Sortino Ratio | 2.57 | 2.62 |
| Omega Ratio | 1.33 | 1.32 |
| Calmar Ratio | 1.26 | 1.28 |
| Martin Ratio | 9.36 | 7.51 |
| Ulcer Index | 7.21% | 7.01% |
| Daily Std Dev | 35.82% | 30.49% |
| Max Drawdown | -78.35% | -68.54% |
| Current Drawdown | -20.40% | -9.33% |
Correlation
The correlation between CMA and KRE is 0.85, 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
CMA vs. KRE - Performance Comparison
In the year-to-date period, CMA achieves a 30.86% return, which is significantly higher than KRE's 28.47% return. Both investments have delivered pretty close results over the past 10 years, with CMA having a 7.52% annualized return and KRE not far ahead at 7.60%. 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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Risk-Adjusted Performance
CMA vs. KRE - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Comerica Incorporated (CMA) 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.
Dividends
CMA vs. KRE - Dividend Comparison
CMA's dividend yield for the trailing twelve months is around 4.05%, more than KRE's 2.41% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CMA Comerica Incorporated | 4.05% | 5.09% | 4.07% | 3.13% | 4.87% | 3.74% | 2.68% | 1.26% | 1.31% | 1.98% | 1.69% | 1.43% |
KRE SPDR S&P Regional Banking ETF | 2.41% | 2.99% | 2.51% | 1.97% | 2.78% | 2.21% | 2.25% | 1.40% | 1.39% | 1.80% | 1.60% | 1.37% |
Drawdowns
CMA vs. KRE - Drawdown Comparison
The maximum CMA drawdown since its inception was -78.35%, which is greater than KRE's maximum drawdown of -68.54%. Use the drawdown chart below to compare losses from any high point for CMA and KRE. For additional features, visit the drawdowns tool.
Volatility
CMA vs. KRE - Volatility Comparison
The current volatility for Comerica Incorporated (CMA) is 13.68%, while SPDR S&P Regional Banking ETF (KRE) has a volatility of 14.86%. This indicates that CMA 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.