FINW vs. KRE

Last updated Aug 1, 2026

FINW (FinWise Bancorp) 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 3 years, FINW returned 11.31%/yr vs 19.76%/yr for KRE. Their 0.29 correlation means their historical movements had little consistent relationship.

Performance

FINW vs. KRE - Performance Comparison

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

Returns By Period

In the year-to-date period, FINW achieves a -23.30% return, which is significantly lower than KRE's 18.73% return.

FINW

• 1D: 0.36%
• 1M: -5.49%
• 6M: -21.42%
• YTD: -23.30%
• 1Y: -22.04%
• 3Y*: 11.31%
• 5Y*: —
• 10Y*: —
• ALL TIME*: 2.07%

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%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
FINW FinWise Bancorp	$417.23K	$407.99K	$435.03K
KRE SPDR S&P Regional Banking ETF	$961.35M	$999.45M	$1.05B

FINW vs. KRE - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
FINW FinWise Bancorp	-23.30%	12.27%	11.67%	54.54%	-32.85%	10.32%
KRE SPDR S&P Regional Banking ETF	18.73%	10.21%	18.58%	-7.61%	-15.08%	-3.75%

Correlation

The correlation between FINW and KRE is 0.39, which is low. Their historical price movements had little consistent relationship.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.39
Correlation (3Y) Balances recent behavior with more history.	0.35
Correlation (All Time) Calculated using the full available price history since Nov 19, 2021	0.29

Return for Risk

FINW vs. KRE — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

FINW

FINW Risk / Return Rank: 19
FINW Sharpe Ratio Rank: 14
FINW Sortino Ratio Rank: 15
FINW Omega Ratio Rank: 16
FINW Calmar Ratio Rank: 24
FINW Martin Ratio Rank: 26

KRE

KRE Risk / Return Rank: 53
KRE Sharpe Ratio Rank: 55
KRE Sortino Ratio Rank: 53
KRE Omega Ratio Rank: 55
KRE Calmar Ratio Rank: 57
KRE Martin Ratio Rank: 47

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

FINW vs. KRE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for FinWise Bancorp (FINW) 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.

	FINW	KRE	Difference
Sharpe ratio: Return per unit of total volatility	-0.66	1.31	-1.97
Sortino ratio: Return per unit of downside risk	-0.82	1.85	-2.67
Omega ratio: Gain probability vs. loss probability	0.90	1.24	-0.34
Calmar ratio: Return relative to maximum drawdown	-0.55	2.00	-2.54
Martin ratio: Return relative to average drawdown	-0.90	5.30	-6.20

FINW vs. KRE - Sharpe Ratio Comparison

The current FINW Sharpe Ratio is -0.66, which is lower than the KRE Sharpe Ratio of 1.31. The chart below compares the historical Sharpe Ratios of FINW and KRE, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

FINW vs. KRE - Drawdown Comparison

The maximum FINW drawdown since its inception was -63.35%, smaller than the maximum KRE drawdown of -68.54%. Use the drawdown chart below to compare losses from any high point for FINW and KRE.

Drawdown Indicators

	FINW	KRE	Difference
Max Drawdown Largest peak-to-trough decline	-63.35%	-68.54%	+5.19%
Max Drawdown (1Y) Largest decline over 1 year	-42.29%	-14.95%	-27.34%
Max Drawdown (3Y) Largest decline over 3 years	-42.29%	-28.20%	-14.09%
Max Drawdown (5Y) Largest decline over 5 years	—	-52.69%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-54.92%	—
Current Drawdown Current decline from peak	-38.82%	-2.39%	-36.43%
Average Drawdown Average peak-to-trough decline	-36.20%	-21.74%	-14.46%
Ulcer Index Depth and duration of drawdowns from previous peaks	25.64%	5.63%	+20.01%

Volatility

FINW vs. KRE - Volatility Comparison

FinWise Bancorp (FINW) has a higher volatility of 6.58% compared to SPDR S&P Regional Banking ETF (KRE) at 5.56%. This indicates that FINW'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

	FINW	KRE	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.58%	5.56%	+1.02%
Volatility (6M) Calculated over the trailing 6-month period	24.99%	15.30%	+9.69%
Volatility (1Y) Calculated over the trailing 1-year period	34.85%	22.91%	+11.94%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	38.57%	29.63%	+8.94%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	38.57%	31.76%	+6.81%

Dividends

FINW vs. KRE - Dividend Comparison

FINW has not paid dividends to shareholders, while KRE's dividend yield for the trailing twelve months is around 2.10%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FINW FinWise Bancorp	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
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

Can I hold both FINW and KRE in my portfolio?

FINW and KRE have a correlation of 0.39, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, FINW or KRE?

FINW has higher volatility (6.58%) compared to KRE (5.56%). In terms of maximum drawdown, FINW dropped -63.35% vs KRE's -68.54%.

Which has better risk-adjusted returns?

KRE currently has the higher Sharpe Ratio (1.31 vs -0.66), 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.