FDIQ vs. KCE
FDIQ (Invesco Bloomberg Financial Data Providers ETF) and KCE (SPDR S&P Capital Markets ETF) are both Financials Equities funds - FDIQ tracks the Bloomberg Financial Data Providers Index while KCE tracks the S&P Capital Markets Select Industry Index. Both are passively managed. Over the past 10 years, FDIQ returned 7.60%/yr vs 16.37%/yr for KCE. A 0.74 correlation means they provide meaningful diversification when combined. Both charge a 0.35% expense ratio.
Performance
FDIQ vs. KCE - Performance Comparison
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Returns By Period
In the year-to-date period, FDIQ achieves a 9.72% return, which is significantly higher than KCE's -1.07% return. Over the past 10 years, FDIQ has underperformed KCE with an annualized return of 7.60%, while KCE has yielded a comparatively higher 16.37% annualized return.
FDIQ
- 1D
- -0.97%
- 1M
- -5.53%
- YTD
- 9.72%
- 6M
- 10.28%
- 1Y
- 22.98%
- 3Y*
- 18.27%
- 5Y*
- 3.82%
- 10Y*
- 7.60%
KCE
- 1D
- -1.85%
- 1M
- -2.01%
- YTD
- -1.07%
- 6M
- 1.30%
- 1Y
- 10.93%
- 3Y*
- 23.82%
- 5Y*
- 11.80%
- 10Y*
- 16.37%
FDIQ vs. KCE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FDIQ Invesco Bloomberg Financial Data Providers ETF | 9.72% | 6.32% | 12.76% | -0.84% | -7.23% | 36.05% | -8.95% | 23.57% | -18.31% | 1.81% |
KCE SPDR S&P Capital Markets ETF | -1.07% | 10.76% | 37.51% | 32.04% | -22.14% | 40.05% | 30.82% | 27.13% | -15.63% | 32.01% |
Correlation
The correlation between FDIQ and KCE is 0.63, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.63 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.72 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.73 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.74 |
Correlation (All Time) Calculated using the full available price history since Nov 2, 2011 | 0.74 |
The correlation between FDIQ and KCE shifts across timeframes, from 0.63 (1 year) to 0.74 (10 years), reflecting how their relationship changes across market environments.
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Return for Risk
FDIQ vs. KCE — Risk / Return Rank
FDIQ
KCE
FDIQ vs. KCE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco Bloomberg Financial Data Providers ETF (FDIQ) and SPDR S&P Capital Markets ETF (KCE). 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.
| FDIQ | KCE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.49 | ||
| Sortino ratioReturn per unit of downside risk | +0.72 | ||
| Omega ratioGain probability vs. loss probability | 1.20 | 1.11 | +0.10 |
| Calmar ratioReturn relative to maximum drawdown | 2.07 | 0.63 | +1.44 |
| Martin ratioReturn relative to average drawdown | 5.26 | 1.65 | +3.61 |
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
| FDIQ | KCE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.04 | 0.56 | +0.49 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.13 | 0.52 | -0.38 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.24 | 0.71 | -0.47 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.37 | 0.25 | +0.12 |
Drawdowns
FDIQ vs. KCE - Drawdown Comparison
The maximum FDIQ drawdown since its inception was -52.86%, smaller than the maximum KCE drawdown of -74.00%. Use the drawdown chart below to compare losses from any high point for FDIQ and KCE.
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Drawdown Indicators
| FDIQ | KCE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -52.86% | -74.00% | +21.14% |
Max Drawdown (1Y)Largest decline over 1 year | -11.13% | -17.44% | +6.31% |
Max Drawdown (3Y)Largest decline over 3 years | -28.09% | -26.31% | -1.78% |
Max Drawdown (5Y)Largest decline over 5 years | -42.99% | -34.45% | -8.54% |
Max Drawdown (10Y)Largest decline over 10 years | -52.86% | -40.78% | -12.08% |
Current DrawdownCurrent decline from peak | -8.53% | -8.15% | -0.38% |
Average DrawdownAverage peak-to-trough decline | -11.56% | -22.81% | +11.25% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.38% | 6.63% | -2.25% |
Volatility
FDIQ vs. KCE - Volatility Comparison
Invesco Bloomberg Financial Data Providers ETF (FDIQ) and SPDR S&P Capital Markets ETF (KCE) have volatilities of 4.06% and 4.24%, 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
| FDIQ | KCE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.06% | 4.24% | -0.18% |
Volatility (6M)Calculated over the trailing 6-month period | 13.93% | 14.98% | -1.05% |
Volatility (1Y)Calculated over the trailing 1-year period | 22.14% | 19.69% | +2.45% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 28.70% | 23.01% | +5.69% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 31.12% | 23.10% | +8.02% |
FDIQ vs. KCE - Expense Ratio Comparison
Both FDIQ and KCE have an expense ratio of 0.35%.
Dividends
FDIQ vs. KCE - Dividend Comparison
FDIQ's dividend yield for the trailing twelve months is around 2.56%, more than KCE's 1.75% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FDIQ Invesco Bloomberg Financial Data Providers ETF | 2.56% | 2.66% | 2.69% | 2.89% | 2.51% | 2.04% | 2.92% | 2.44% | 2.45% | 1.59% | 1.50% | 1.92% |
KCE SPDR S&P Capital Markets ETF | 1.75% | 1.63% | 1.56% | 1.82% | 2.42% | 1.53% | 2.20% | 2.32% | 2.67% | 1.95% | 2.30% | 2.43% |
Frequently Asked Questions
FDIQ and KCE have a correlation of 0.63, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
KCE has higher volatility (4.24%) compared to FDIQ (4.06%). In terms of maximum drawdown, FDIQ dropped -52.86% vs KCE's -74.00%.
On 10-year performance, KCE leads with 16.37% vs 7.60% for FDIQ. Both ETFs have the same 0.35% expense ratio. On volatility, FDIQ has been the lower-risk option at 4.06%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 10-year period, KCE has performed better with a 16.37% return vs 7.60%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
FDIQ and KCE have the same expense ratio: 0.35% per year.
FDIQ has the higher dividend yield at 2.56%, compared with 1.75% for KCE.
FDIQ tracks Bloomberg Financial Data Providers Index, while KCE tracks S&P Capital Markets Select Industry Index. They also come from different issuers: Invesco and State Street.
FDIQ currently has the higher Sharpe Ratio (1.04 vs 0.56), 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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