FHN vs. KRE
FHN (First Horizon Corporation) is a stock, while KRE (SPDR S&P Regional Banking ETF) is Financials Equities fund tracking the S&P Regional Banks Select Industry Index. Over the past 10 years, FHN returned 9.60%/yr vs 9.54%/yr for KRE. Their correlation of 0.81 means they have usually moved in the same direction.
Performance
FHN vs. KRE - Performance Comparison
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Returns By Period
In the year-to-date period, FHN achieves a 8.85% return, which is significantly lower than KRE's 18.73% return. Both investments have delivered pretty close results over the past 10 years, with FHN having a 9.60% annualized return and KRE not far behind at 9.54%.
FHN
- 1D
- 0.75%
- 1M
- -0.16%
- 6M
- 6.23%
- YTD
- 8.85%
- 1Y
- 23.49%
- 3Y*
- 28.78%
- 5Y*
- 14.54%
- 10Y*
- 9.60%
- ALL TIME*
- 11.21%
KRE
- 1D
- 0.21%
- 1M
- 1.39%
- 6M
- 11.83%
- YTD
- 18.73%
- 1Y
- 32.45%
- 3Y*
- 19.76%
- 5Y*
- 6.87%
- 10Y*
- 9.54%
- ALL TIME*
- 4.83%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $135.81M | $152.97M | $119.08M | |
| $961.35M | $999.45M | $1.05B |
FHN vs. KRE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FHN First Horizon Corporation | 8.85% | 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 | 18.73% | 10.21% | 18.58% | -7.61% | -15.08% | 39.29% | -7.43% | 27.44% | -18.81% | 7.49% |
Correlation
The correlation between FHN and KRE is 0.83, meaning they have usually moved in the same direction, including during past declines.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.83 |
Correlation (3Y) Balances recent behavior with more history. | 0.83 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.78 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.84 |
Correlation (All Time) Calculated using the full available price history since Jun 22, 2006 | 0.81 |
The correlation between FHN and KRE has been stable across timeframes, ranging from 0.78 to 0.84 - a consistent structural relationship.
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Return for Risk
FHN vs. KRE — Risk / Return Rank
FHN
KRE
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.
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.
| FHN | KRE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.48 | ||
| Sortino ratioReturn per unit of downside risk | -0.66 | ||
| Omega ratioGain probability vs. loss probability | 1.17 | 1.24 | -0.08 |
| Calmar ratioReturn relative to maximum drawdown | 1.27 | 2.00 | -0.73 |
| Martin ratioReturn relative to average drawdown | 3.17 | 5.30 | -2.13 |
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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.
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Drawdown Indicators
| FHN | KRE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -87.74% | -68.54% | -19.20% |
Max Drawdown (1Y)Largest decline over 1 year | -16.52% | -14.95% | -1.57% |
Max Drawdown (3Y)Largest decline over 3 years | -27.14% | -28.20% | +1.06% |
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 DrawdownCurrent decline from peak | -1.57% | -2.39% | +0.82% |
Average DrawdownAverage peak-to-trough decline | -20.00% | -21.74% | +1.74% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.59% | 5.63% | +0.96% |
Volatility
FHN vs. KRE - Volatility Comparison
First Horizon Corporation (FHN) has a higher volatility of 6.10% compared to SPDR S&P Regional Banking ETF (KRE) at 5.56%. 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.
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Volatility by Period
| FHN | KRE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.10% | 5.56% | +0.54% |
Volatility (6M)Calculated over the trailing 6-month period | 16.70% | 15.30% | +1.40% |
Volatility (1Y)Calculated over the trailing 1-year period | 25.24% | 22.91% | +2.33% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 36.77% | 29.63% | +7.14% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 38.85% | 31.76% | +7.09% |
Dividends
FHN vs. KRE - Dividend Comparison
FHN's dividend yield for the trailing twelve months is around 2.50%, more than KRE's 2.10% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FHN First Horizon Corporation | 2.50% | 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 | 2.10% | 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
FHN and KRE have a correlation of 0.83, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FHN has higher volatility (6.10%) compared to KRE (5.56%). In terms of maximum drawdown, FHN dropped -87.74% vs KRE's -68.54%.
KRE currently has the higher Sharpe Ratio (1.31 vs 0.83), 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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