CNA vs. KIE

Last updated Apr 2, 2026

Compare and contrast key facts about CNA Financial Corporation (CNA) and SPDR S&P Insurance ETF (KIE).

KIE is a passively managed fund by State Street that tracks the performance of the S&P Insurance Select Industry Index. It was launched on Nov 8, 2005.

Performance

CNA vs. KIE - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in CNA Financial Corporation (CNA) and SPDR S&P Insurance ETF (KIE). The values are adjusted to include any dividend payments, if applicable.

CNA vs. KIE - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
CNA CNA Financial Corporation	0.77%	6.96%	23.96%	7.14%	3.82%	19.07%	-5.42%	9.47%	-11.12%	36.94%
KIE SPDR S&P Insurance ETF	-8.59%	8.12%	26.95%	12.18%	3.48%	22.75%	-3.04%	27.19%	-5.99%	12.83%

Returns By Period

In the year-to-date period, CNA achieves a 0.77% return, which is significantly higher than KIE's -8.59% return. Both investments have delivered pretty close results over the past 10 years, with CNA having a 11.27% annualized return and KIE not far behind at 10.89%.

CNA

• 1D: -0.44%
• 1M: -7.79%
• YTD: 0.77%
• 6M: 5.70%
• 1Y: -2.66%
• 3Y*: 14.33%
• 5Y*: 7.95%
• 10Y*: 11.27%

KIE

• 1D: -0.55%
• 1M: -6.30%
• YTD: -8.59%
• 6M: -5.99%
• 1Y: -8.45%
• 3Y*: 13.43%
• 5Y*: 9.99%
• 10Y*: 10.89%

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

Return for Risk

CNA vs. KIE — Risk / Return Rank

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

CNA

CNA Risk / Return Rank: 32
CNA Sharpe Ratio Rank: 34
CNA Sortino Ratio Rank: 28
CNA Omega Ratio Rank: 28
CNA Calmar Ratio Rank: 35
CNA Martin Ratio Rank: 36

KIE

KIE Risk / Return Rank: 3
KIE Sharpe Ratio Rank: 5
KIE Sortino Ratio Rank: 4
KIE Omega Ratio Rank: 4
KIE Calmar Ratio Rank: 2
KIE Martin Ratio Rank: 1

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.

CNA vs. KIE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for CNA Financial Corporation (CNA) and SPDR S&P Insurance ETF (KIE). 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.

	CNA	KIE	Difference
Sharpe ratio Return per unit of total volatility	-0.13	-0.43	+0.30
Sortino ratio Return per unit of downside risk	-0.05	-0.46	+0.42
Omega ratio Gain probability vs. loss probability	0.99	0.94	+0.05
Calmar ratio Return relative to maximum drawdown	-0.18	-0.67	+0.49
Martin ratio Return relative to average drawdown	-0.35	-1.55	+1.20
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

CNA vs. KIE - Sharpe Ratio Comparison

The current CNA Sharpe Ratio is -0.13, which is higher than the KIE Sharpe Ratio of -0.43. The chart below compares the historical Sharpe Ratios of CNA and KIE, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	CNA	KIE	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.13	-0.43	+0.30
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.38	0.55	-0.17
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.46	0.52	-0.06
Sharpe Ratio (All Time) Calculated using the full available price history	0.16	0.29	-0.13

Correlation

The correlation between CNA and KIE is 0.75, 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.

Dividends

CNA vs. KIE - Dividend Comparison

CNA's dividend yield for the trailing twelve months is around 8.44%, more than KIE's 1.69% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
CNA CNA Financial Corporation	8.44%	8.04%	7.77%	6.81%	8.51%	5.15%	8.93%	7.59%	7.47%	5.84%	7.23%	8.53%
KIE SPDR S&P Insurance ETF	1.69%	1.57%	1.48%	1.45%	1.90%	1.95%	1.85%	1.76%	1.83%	1.56%	1.55%	1.65%

Drawdowns

CNA vs. KIE - Drawdown Comparison

The maximum CNA drawdown since its inception was -87.48%, which is greater than KIE's maximum drawdown of -75.30%. Use the drawdown chart below to compare losses from any high point for CNA and KIE.

Drawdown Indicators

	CNA	KIE	Difference
Max Drawdown Largest peak-to-trough decline	-87.48%	-75.30%	-12.18%
Max Drawdown (1Y) Largest decline over 1 year	-13.91%	-12.25%	-1.66%
Max Drawdown (5Y) Largest decline over 5 years	-25.67%	-15.68%	-9.99%
Max Drawdown (10Y) Largest decline over 10 years	-45.91%	-44.31%	-1.60%
Current Drawdown Current decline from peak	-7.79%	-9.91%	+2.12%
Average Drawdown Average peak-to-trough decline	-25.63%	-12.09%	-13.54%
Ulcer Index Depth and duration of drawdowns from previous peaks	7.13%	5.26%	+1.87%

Volatility

CNA vs. KIE - Volatility Comparison

CNA Financial Corporation (CNA) and SPDR S&P Insurance ETF (KIE) have volatilities of 4.59% and 4.73%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	CNA	KIE	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.59%	4.73%	-0.14%
Volatility (6M) Calculated over the trailing 6-month period	11.87%	11.48%	+0.39%
Volatility (1Y) Calculated over the trailing 1-year period	20.14%	19.77%	+0.37%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	21.11%	18.30%	+2.81%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	24.79%	21.14%	+3.65%