FHN vs. KRE

Last updated Apr 2, 2026

Compare and contrast key facts about First Horizon Corporation (FHN) 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.

Performance

FHN vs. KRE - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in First Horizon Corporation (FHN) and SPDR S&P Regional Banking ETF (KRE). The values are adjusted to include any dividend payments, if applicable.

FHN vs. KRE - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
FHN First Horizon Corporation	-3.11%	22.12%	47.68%	-39.44%	53.94%	32.61%	-18.45%	30.48%	-32.35%	1.93%
KRE SPDR S&P Regional Banking ETF	2.20%	10.21%	18.58%	-7.61%	-15.08%	39.29%	-7.43%	27.44%	-18.81%	7.49%

Returns By Period

In the year-to-date period, FHN achieves a -3.11% return, which is significantly lower than KRE's 2.20% return. Over the past 10 years, FHN has outperformed KRE with an annualized return of 9.39%, while KRE has yielded a comparatively lower 8.41% annualized return.

FHN

• 1D: 0.97%
• 1M: -4.15%
• YTD: -3.11%
• 6M: 4.22%
• 1Y: 23.50%
• 3Y*: 13.04%
• 5Y*: 9.68%
• 10Y*: 9.39%

KRE

• 1D: 1.07%
• 1M: -2.25%
• YTD: 2.20%
• 6M: 5.84%
• 1Y: 19.68%
• 3Y*: 17.90%
• 5Y*: 2.46%
• 10Y*: 8.41%

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

Return for Risk

FHN vs. KRE — Risk / Return Rank

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

FHN

FHN Risk / Return Rank: 64
FHN Sharpe Ratio Rank: 66
FHN Sortino Ratio Rank: 57
FHN Omega Ratio Rank: 61
FHN Calmar Ratio Rank: 66
FHN Martin Ratio Rank: 67

KRE

KRE Risk / Return Rank: 38
KRE Sharpe Ratio Rank: 35
KRE Sortino Ratio Rank: 36
KRE Omega Ratio Rank: 38
KRE Calmar Ratio Rank: 46
KRE Martin Ratio Rank: 34

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.

FHN vs. KRE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for First Horizon Corporation (FHN) 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.

	FHN	KRE	Difference
Sharpe ratio Return per unit of total volatility	0.74	0.70	+0.04
Sortino ratio Return per unit of downside risk	1.09	1.09	0.00
Omega ratio Gain probability vs. loss probability	1.17	1.16	+0.01
Calmar ratio Return relative to maximum drawdown	1.24	1.26	-0.01
Martin ratio Return relative to average drawdown	3.16	3.11	+0.05
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

FHN vs. KRE - Sharpe Ratio Comparison

The current FHN Sharpe Ratio is 0.74, which is comparable to the KRE Sharpe Ratio of 0.70. The chart below compares the historical Sharpe Ratios of FHN and KRE, 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

	FHN	KRE	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.74	0.70	+0.04
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.26	0.08	+0.18
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.24	0.26	-0.02
Sharpe Ratio (All Time) Calculated using the full available price history	0.28	0.12	+0.16

Correlation

The correlation between FHN and KRE is 0.81, 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

FHN vs. KRE - Dividend Comparison

FHN's dividend yield for the trailing twelve months is around 2.70%, more than KRE's 2.39% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FHN First Horizon Corporation	2.70%	2.51%	2.98%	4.24%	2.45%	3.67%	4.70%	3.38%	3.65%	1.80%	1.40%	1.65%
KRE SPDR S&P Regional Banking ETF	2.39%	2.45%	2.59%	2.99%	2.51%	1.97%	2.78%	2.21%	2.48%	1.40%	1.40%	1.80%

Drawdowns

FHN vs. KRE - Drawdown Comparison

The maximum FHN drawdown since its inception was -87.74%, which is greater than KRE's maximum drawdown of -68.54%. Use the drawdown chart below to compare losses from any high point for FHN and KRE.

Drawdown Indicators

	FHN	KRE	Difference
Max Drawdown Largest peak-to-trough decline	-87.74%	-68.54%	-19.20%
Max Drawdown (1Y) Largest decline over 1 year	-17.51%	-14.95%	-2.56%
Max Drawdown (5Y) Largest decline over 5 years	-60.76%	-52.69%	-8.07%
Max Drawdown (10Y) Largest decline over 10 years	-64.25%	-54.92%	-9.33%
Current Drawdown Current decline from peak	-11.71%	-10.05%	-1.66%
Average Drawdown Average peak-to-trough decline	-20.14%	-22.04%	+1.90%
Ulcer Index Depth and duration of drawdowns from previous peaks	6.87%	6.03%	+0.84%

Volatility

FHN vs. KRE - Volatility Comparison

First Horizon Corporation (FHN) has a higher volatility of 6.47% compared to SPDR S&P Regional Banking ETF (KRE) at 5.39%. This indicates that FHN's price experiences larger fluctuations and is considered to be riskier than KRE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FHN	KRE	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.47%	5.39%	+1.08%
Volatility (6M) Calculated over the trailing 6-month period	21.03%	17.96%	+3.07%
Volatility (1Y) Calculated over the trailing 1-year period	31.88%	28.14%	+3.74%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	37.29%	30.07%	+7.22%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	39.00%	31.96%	+7.04%