HWC vs. KRE
HWC (Hancock Whitney 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, HWC returned 13.98%/yr vs 9.42%/yr for KRE. Their correlation of 0.86 suggests significant overlap in exposure.
Performance
HWC vs. KRE - Performance Comparison
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Returns By Period
The year-to-date returns for both stocks are quite close, with HWC having a 12.81% return and KRE slightly lower at 12.38%. Over the past 10 years, HWC has outperformed KRE with an annualized return of 13.98%, while KRE has yielded a comparatively lower 9.42% annualized return.
HWC
- 1D
- 0.77%
- 1M
- 5.62%
- YTD
- 12.81%
- 6M
- 9.01%
- 1Y
- 35.09%
- 3Y*
- 27.46%
- 5Y*
- 12.23%
- 10Y*
- 13.98%
KRE
- 1D
- 0.96%
- 1M
- 4.38%
- YTD
- 12.38%
- 6M
- 8.46%
- 1Y
- 30.35%
- 3Y*
- 25.54%
- 5Y*
- 4.62%
- 10Y*
- 9.42%
HWC vs. KRE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
HWC Hancock Whitney Corporation | 12.81% | 20.02% | 16.07% | 3.30% | -1.23% | 50.58% | -19.11% | 30.21% | -28.49% | 17.20% |
KRE SPDR S&P Regional Banking ETF | 12.38% | 10.21% | 18.58% | -7.61% | -15.08% | 39.29% | -7.43% | 27.44% | -18.81% | 7.49% |
Correlation
The correlation between HWC and KRE is 0.91, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.91 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.91 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.90 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.90 |
Correlation (All Time) Calculated using the full available price history since Jun 22, 2006 | 0.86 |
The correlation between HWC and KRE has been stable across timeframes, ranging from 0.86 to 0.91 - a consistent structural relationship.
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Return for Risk
HWC vs. KRE — Risk / Return Rank
HWC
KRE
HWC vs. KRE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Hancock Whitney Corporation (HWC) 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.
| HWC | KRE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.03 | ||
| Sortino ratioReturn per unit of downside risk | -0.05 | ||
| Omega ratioGain probability vs. loss probability | 1.25 | 1.24 | +0.01 |
| Calmar ratioReturn relative to maximum drawdown | 2.02 | 2.04 | -0.02 |
| Martin ratioReturn relative to average drawdown | 4.76 | 5.29 | -0.54 |
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Drawdowns
HWC vs. KRE - Drawdown Comparison
The maximum HWC drawdown since its inception was -70.93%, roughly equal to the maximum KRE drawdown of -68.54%. Use the drawdown chart below to compare losses from any high point for HWC and KRE.
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Drawdown Indicators
| HWC | KRE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -70.93% | -68.54% | -2.39% |
Max Drawdown (1Y)Largest decline over 1 year | -17.45% | -14.95% | -2.50% |
Max Drawdown (3Y)Largest decline over 3 years | -25.77% | -28.20% | +2.43% |
Max Drawdown (5Y)Largest decline over 5 years | -41.90% | -52.69% | +10.79% |
Max Drawdown (10Y)Largest decline over 10 years | -70.93% | -54.92% | -16.01% |
Current DrawdownCurrent decline from peak | -3.46% | -1.36% | -2.10% |
Average DrawdownAverage peak-to-trough decline | -21.40% | -21.85% | +0.45% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.40% | 5.75% | +1.65% |
Volatility
HWC vs. KRE - Volatility Comparison
Hancock Whitney Corporation (HWC) and SPDR S&P Regional Banking ETF (KRE) have volatilities of 6.03% and 6.20%, 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
| HWC | KRE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.03% | 6.20% | -0.17% |
Volatility (6M)Calculated over the trailing 6-month period | 17.31% | 15.98% | +1.33% |
Volatility (1Y)Calculated over the trailing 1-year period | 26.35% | 23.33% | +3.02% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 33.04% | 29.84% | +3.20% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 39.27% | 31.93% | +7.34% |
Dividends
HWC vs. KRE - Dividend Comparison
HWC's dividend yield for the trailing twelve months is around 2.68%, less than KRE's 2.76% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
HWC Hancock Whitney Corporation | 2.68% | 2.83% | 2.74% | 2.47% | 2.23% | 2.16% | 3.17% | 2.46% | 2.94% | 1.94% | 2.23% | 3.81% |
KRE SPDR S&P Regional Banking ETF | 2.76% | 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
With a correlation of 0.91, HWC and KRE move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
KRE has higher volatility (6.20%) compared to HWC (6.03%). In terms of maximum drawdown, HWC dropped -70.93% vs KRE's -68.54%.
HWC currently has the higher Sharpe Ratio (1.34 vs 1.31), 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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