EXV1.DE vs. KBE
EXV1.DE (iShares STOXX Europe 600 Banks UCITS ETF (DE)) and KBE (SPDR S&P Bank ETF) are both Financials Equities funds - EXV1.DE tracks the STOXX® Europe 600 Banks while KBE tracks the S&P Banks Select Industry Index. Both are passively managed. Over the past 10 years, EXV1.DE returned 14.23%/yr vs 9.12%/yr for KBE. At a 0.45 correlation, their price movements are largely independent. EXV1.DE charges 0.47%/yr vs 0.35%/yr for KBE.
Performance
EXV1.DE vs. KBE - Performance Comparison
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Different Trading Currencies
EXV1.DE is traded in EUR, while KBE is traded in USD. To make them comparable, the KBE values have been converted to EUR using the latest available exchange rates.
Returns By Period
The year-to-date returns for both stocks are quite close, with EXV1.DE having a 7.43% return and KBE slightly lower at 7.18%. Over the past 10 years, EXV1.DE has outperformed KBE with an annualized return of 14.23%, while KBE has yielded a comparatively lower 9.12% annualized return.
EXV1.DE
- 1D
- 0.48%
- 1M
- 6.06%
- YTD
- 7.43%
- 6M
- 14.49%
- 1Y
- 41.06%
- 3Y*
- 42.40%
- 5Y*
- 27.92%
- 10Y*
- 14.23%
KBE
- 1D
- 2.87%
- 1M
- 0.45%
- YTD
- 7.18%
- 6M
- 7.36%
- 1Y
- 21.63%
- 3Y*
- 21.49%
- 5Y*
- 6.89%
- 10Y*
- 9.12%
EXV1.DE vs. KBE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
EXV1.DE iShares STOXX Europe 600 Banks UCITS ETF (DE) | 7.43% | 77.02% | 32.97% | 26.28% | 1.84% | 37.98% | -24.54% | 15.17% | -25.82% | 11.63% |
KBE SPDR S&P Bank ETF | 7.18% | -0.97% | 31.95% | 2.14% | -9.56% | 43.45% | -16.27% | 32.71% | -15.87% | -3.09% |
Correlation
The correlation between EXV1.DE and KBE is 0.23, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.23 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.27 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.38 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.45 |
Correlation (All Time) Calculated using the full available price history since Aug 28, 2007 | 0.45 |
Over the past year, the correlation between EXV1.DE and KBE has dropped to 0.23 - well below their long-term average of 0.45, suggesting their price drivers have been diverging.
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Return for Risk
EXV1.DE vs. KBE — Risk / Return Rank
EXV1.DE
KBE
EXV1.DE vs. KBE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares STOXX Europe 600 Banks UCITS ETF (DE) (EXV1.DE) 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.
| EXV1.DE | KBE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.86 | ||
| Sortino ratioReturn per unit of downside risk | +1.13 | ||
| Omega ratioGain probability vs. loss probability | 1.31 | 1.19 | +0.12 |
| Calmar ratioReturn relative to maximum drawdown | 2.55 | 1.76 | +0.79 |
| Martin ratioReturn relative to average drawdown | 8.70 | 4.48 | +4.22 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| EXV1.DE | KBE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.85 | 0.99 | +0.86 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.21 | 0.25 | +0.95 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.56 | 0.30 | +0.26 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.10 | 0.12 | -0.01 |
Drawdowns
EXV1.DE vs. KBE - Drawdown Comparison
The maximum EXV1.DE drawdown since its inception was -82.30%, roughly equal to the maximum KBE drawdown of -80.07%. Use the drawdown chart below to compare losses from any high point for EXV1.DE and KBE.
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Drawdown Indicators
| EXV1.DE | KBE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -82.30% | -80.07% | -2.23% |
Max Drawdown (1Y)Largest decline over 1 year | -16.03% | -12.37% | -3.66% |
Max Drawdown (3Y)Largest decline over 3 years | -20.12% | -30.72% | +10.60% |
Max Drawdown (5Y)Largest decline over 5 years | -28.12% | -43.24% | +15.12% |
Max Drawdown (10Y)Largest decline over 10 years | -56.14% | -49.41% | -6.73% |
Current DrawdownCurrent decline from peak | -1.37% | -4.31% | +2.94% |
Average DrawdownAverage peak-to-trough decline | -44.64% | -25.18% | -19.46% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.71% | 4.84% | -0.13% |
Volatility
EXV1.DE vs. KBE - Volatility Comparison
iShares STOXX Europe 600 Banks UCITS ETF (DE) (EXV1.DE) and SPDR S&P Bank ETF (KBE) have volatilities of 5.77% and 5.81%, 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.
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Volatility by Period
| EXV1.DE | KBE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.77% | 5.81% | -0.04% |
Volatility (6M)Calculated over the trailing 6-month period | 17.93% | 15.10% | +2.83% |
Volatility (1Y)Calculated over the trailing 1-year period | 22.06% | 21.95% | +0.11% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 22.83% | 27.17% | -4.34% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 25.03% | 30.22% | -5.19% |
EXV1.DE vs. KBE - Expense Ratio Comparison
EXV1.DE has a 0.47% expense ratio, which is higher than KBE's 0.35% expense ratio.
Dividends
EXV1.DE vs. KBE - Dividend Comparison
EXV1.DE's dividend yield for the trailing twelve months is around 3.59%, more than KBE's 2.32% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EXV1.DE iShares STOXX Europe 600 Banks UCITS ETF (DE) | 3.59% | 3.63% | 5.51% | 4.53% | 6.37% | 1.06% | 1.52% | 4.31% | 4.03% | 6.01% | 3.49% | 3.41% |
KBE SPDR S&P Bank ETF | 2.32% | 2.51% | 2.35% | 2.78% | 2.99% | 2.16% | 2.44% | 2.33% | 2.18% | 1.36% | 1.39% | 1.70% |
Frequently Asked Questions
EXV1.DE and KBE have a correlation of 0.23, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, KBE is cheaper at 0.35% per year. The better choice depends on whether you care most about return, fees, risk, or income.
KBE is cheaper with a 0.35% expense ratio, compared with 0.47% for EXV1.DE.
EXV1.DE tracks STOXX® Europe 600 Banks, while KBE tracks S&P Banks Select Industry Index. They also come from different issuers: iShares and State Street. Their fees differ too: 0.47% for EXV1.DE and 0.35% for KBE.
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