FDFF vs. KRE
FDFF (Fidelity Disruptive Finance ETF) and KRE (SPDR S&P Regional Banking ETF) are both Financials Equities funds. FDFF is actively managed, while KRE is passively managed. Over the past 3 years, FDFF returned 11.88%/yr vs 19.96%/yr for KRE. Their 0.61 correlation means they have sometimes moved together and sometimes differently. FDFF charges 0.50%/yr vs 0.35%/yr for KRE.
Performance
FDFF vs. KRE - Performance Comparison
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Returns By Period
In the year-to-date period, FDFF achieves a 2.08% return, which is significantly lower than KRE's 20.29% return.
FDFF
- 1D
- 1.66%
- 1M
- 5.14%
- 6M
- 3.96%
- YTD
- 2.08%
- 1Y
- -1.80%
- 3Y*
- 11.88%
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 13.28%
KRE
- 1D
- 1.31%
- 1M
- 2.72%
- 6M
- 11.31%
- YTD
- 20.29%
- 1Y
- 34.19%
- 3Y*
- 19.96%
- 5Y*
- 7.18%
- 10Y*
- 9.15%
- ALL TIME*
- 4.89%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $136.84K | $154.95K | $132.20K | |
| $957.61M | $982.77M | $1.06B |
FDFF vs. KRE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
FDFF Fidelity Disruptive Finance ETF | 2.08% | -2.75% | 27.86% | 16.58% |
KRE SPDR S&P Regional Banking ETF | 20.29% | 10.21% | 18.58% | 23.83% |
Correlation
The correlation between FDFF and KRE is 0.56, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.56 |
Correlation (3Y) Balances recent behavior with more history. | 0.61 |
Correlation (All Time) Calculated using the full available price history since Jun 12, 2023 | 0.61 |
The correlation between FDFF and KRE has been stable across timeframes, ranging from 0.56 to 0.61 - a consistent structural relationship.
FDFF vs. KRE - Sectors Allocation Comparison
Sectors
FDFF
KRE
Financial Services
Technology
-
Industrials
-
Real Estate
-
Consumer Cyclical
-
Basic Materials
-
-
Communication Services
-
-
Consumer Defensive
-
-
Energy
-
-
Healthcare
-
-
Utilities
-
-
Financial Services
FDFF
KRE
Technology
FDFF
KRE
-
Industrials
FDFF
KRE
-
Real Estate
FDFF
KRE
-
Consumer Cyclical
FDFF
KRE
-
Basic Materials
FDFF
-
KRE
-
Communication Services
FDFF
-
KRE
-
Consumer Defensive
FDFF
-
KRE
-
Energy
FDFF
-
KRE
-
Healthcare
FDFF
-
KRE
-
Utilities
FDFF
-
KRE
-
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Return for Risk
FDFF vs. KRE — Risk / Return Rank
FDFF
KRE
FDFF vs. KRE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Disruptive Finance ETF (FDFF) 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.
| FDFF | KRE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.60 | ||
| Sortino ratioReturn per unit of downside risk | -2.10 | ||
| Omega ratioGain probability vs. loss probability | 1.00 | 1.28 | -0.28 |
| Calmar ratioReturn relative to maximum drawdown | -0.09 | 2.30 | -2.39 |
| Martin ratioReturn relative to average drawdown | -0.18 | 6.10 | -6.27 |
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Drawdowns
FDFF vs. KRE - Drawdown Comparison
The maximum FDFF drawdown since its inception was -23.06%, smaller than the maximum KRE drawdown of -68.54%. Use the drawdown chart below to compare losses from any high point for FDFF and KRE.
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Drawdown Indicators
| FDFF | KRE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -23.06% | -68.54% | +45.48% |
Max Drawdown (1Y)Largest decline over 1 year | -20.60% | -14.95% | -5.65% |
Max Drawdown (3Y)Largest decline over 3 years | -23.06% | -28.20% | +5.14% |
Max Drawdown (5Y)Largest decline over 5 years | — | -52.69% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -54.92% | — |
Current DrawdownCurrent decline from peak | -7.30% | -1.10% | -6.20% |
Average DrawdownAverage peak-to-trough decline | -6.66% | -21.74% | +15.08% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 10.26% | 5.62% | +4.64% |
Volatility
FDFF vs. KRE - Volatility Comparison
The current volatility for Fidelity Disruptive Finance ETF (FDFF) is 4.86%, while SPDR S&P Regional Banking ETF (KRE) has a volatility of 5.47%. This indicates that FDFF 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.
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Volatility by Period
| FDFF | KRE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.86% | 5.47% | -0.61% |
Volatility (6M)Calculated over the trailing 6-month period | 14.88% | 15.34% | -0.46% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.62% | 22.85% | -4.23% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.95% | 29.63% | -10.68% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.95% | 31.78% | -12.83% |
FDFF vs. KRE - Expense Ratio Comparison
FDFF has a 0.50% expense ratio, which is higher than KRE's 0.35% expense ratio.
Dividends
FDFF vs. KRE - Dividend Comparison
FDFF's dividend yield for the trailing twelve months is around 0.97%, less than KRE's 2.08% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FDFF Fidelity Disruptive Finance ETF | 0.97% | 0.86% | 0.70% | 0.27% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
KRE SPDR S&P Regional Banking ETF | 2.08% | 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
FDFF and KRE have a correlation of 0.56, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
KRE has higher volatility (5.47%) compared to FDFF (4.86%). In terms of maximum drawdown, FDFF dropped -23.06% vs KRE's -68.54%.
On 3-year performance, KRE leads with 19.96% vs 11.88% for FDFF. On fees, KRE is cheaper at 0.35% per year. On volatility, FDFF has been the lower-risk option at 4.86%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, KRE has performed better with a 19.96% return vs 11.88%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
KRE is cheaper with a 0.35% expense ratio, compared with 0.50% for FDFF.
KRE has the higher dividend yield at 2.08%, compared with 0.97% for FDFF.
They also come from different issuers: Fidelity and State Street. Their fees differ too: 0.50% for FDFF and 0.35% for KRE.
KRE currently has the higher Sharpe Ratio (1.51 vs -0.10), 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.
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