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IAI vs. KCE
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Performance

IAI vs. KCE - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares U.S. Broker-Dealers & Securities Exchanges ETF (IAI) and SPDR S&P Capital Markets ETF (KCE). The values are adjusted to include any dividend payments, if applicable.

0.00%10.00%20.00%30.00%JuneJulyAugustSeptemberOctoberNovember
29.30%
31.76%
IAI
KCE

Returns By Period

In the year-to-date period, IAI achieves a 40.18% return, which is significantly lower than KCE's 45.01% return. Over the past 10 years, IAI has outperformed KCE with an annualized return of 15.96%, while KCE has yielded a comparatively lower 13.98% annualized return.


IAI

YTD

40.18%

1M

10.55%

6M

29.30%

1Y

57.52%

5Y (annualized)

19.50%

10Y (annualized)

15.96%

KCE

YTD

45.01%

1M

9.10%

6M

31.76%

1Y

66.53%

5Y (annualized)

22.77%

10Y (annualized)

13.98%

Key characteristics


IAIKCE
Sharpe Ratio3.553.79
Sortino Ratio4.944.94
Omega Ratio1.651.66
Calmar Ratio4.544.48
Martin Ratio27.4929.03
Ulcer Index2.13%2.34%
Daily Std Dev16.48%17.92%
Max Drawdown-75.33%-74.00%
Current Drawdown0.00%0.00%

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IAI vs. KCE - Expense Ratio Comparison

IAI has a 0.41% expense ratio, which is higher than KCE's 0.35% expense ratio.


IAI
iShares U.S. Broker-Dealers & Securities Exchanges ETF
Expense ratio chart for IAI: current value at 0.41% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.41%
Expense ratio chart for KCE: current value at 0.35% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.35%

Correlation

-0.50.00.51.00.9

The correlation between IAI and KCE is 0.94, 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.

Risk-Adjusted Performance

IAI vs. KCE - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares U.S. Broker-Dealers & Securities Exchanges ETF (IAI) 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.


Sharpe ratio
The chart of Sharpe ratio for IAI, currently valued at 3.55, compared to the broader market0.002.004.003.553.79
The chart of Sortino ratio for IAI, currently valued at 4.94, compared to the broader market-2.000.002.004.006.008.0010.0012.004.944.94
The chart of Omega ratio for IAI, currently valued at 1.65, compared to the broader market0.501.001.502.002.503.001.651.66
The chart of Calmar ratio for IAI, currently valued at 4.54, compared to the broader market0.005.0010.0015.004.544.48
The chart of Martin ratio for IAI, currently valued at 27.49, compared to the broader market0.0020.0040.0060.0080.00100.0027.4929.03
IAI
KCE

The current IAI Sharpe Ratio is 3.55, which is comparable to the KCE Sharpe Ratio of 3.79. The chart below compares the historical Sharpe Ratios of IAI and KCE, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Rolling 12-month Sharpe Ratio1.502.002.503.003.504.00JuneJulyAugustSeptemberOctoberNovember
3.55
3.79
IAI
KCE

Dividends

IAI vs. KCE - Dividend Comparison

IAI's dividend yield for the trailing twelve months is around 1.01%, less than KCE's 1.54% yield.


TTM20232022202120202019201820172016201520142013
IAI
iShares U.S. Broker-Dealers & Securities Exchanges ETF
1.01%1.80%2.14%1.31%1.55%1.52%1.58%1.37%1.48%1.31%1.13%1.13%
KCE
SPDR S&P Capital Markets ETF
1.54%1.82%2.42%1.53%2.20%2.32%2.67%1.95%2.30%2.43%1.59%1.73%

Drawdowns

IAI vs. KCE - Drawdown Comparison

The maximum IAI drawdown since its inception was -75.33%, roughly equal to the maximum KCE drawdown of -74.00%. Use the drawdown chart below to compare losses from any high point for IAI and KCE. For additional features, visit the drawdowns tool.


-8.00%-6.00%-4.00%-2.00%0.00%JuneJulyAugustSeptemberOctoberNovember00
IAI
KCE

Volatility

IAI vs. KCE - Volatility Comparison

iShares U.S. Broker-Dealers & Securities Exchanges ETF (IAI) and SPDR S&P Capital Markets ETF (KCE) have volatilities of 8.73% and 8.48%, 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.


2.00%3.00%4.00%5.00%6.00%7.00%8.00%9.00%JuneJulyAugustSeptemberOctoberNovember
8.73%
8.48%
IAI
KCE