IAT vs. KCE
Compare and contrast key facts about iShares U.S. Regional Banks ETF (IAT) and SPDR S&P Capital Markets ETF (KCE).
IAT and KCE are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. IAT is a passively managed fund by iShares that tracks the performance of the Dow Jones U.S. Select Regional Banks Index. It was launched on May 5, 2006. KCE is a passively managed fund by State Street that tracks the performance of the S&P Capital Markets Select Industry Index. It was launched on Nov 8, 2005. Both IAT and KCE are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: IAT or KCE.
Performance
IAT vs. KCE - Performance Comparison
Returns By Period
In the year-to-date period, IAT achieves a 32.92% return, which is significantly lower than KCE's 43.04% return. Over the past 10 years, IAT has underperformed KCE with an annualized return of 7.50%, while KCE has yielded a comparatively higher 13.88% annualized return.
IAT
32.92%
10.92%
30.06%
57.39%
5.14%
7.50%
KCE
43.04%
7.14%
28.63%
65.55%
22.45%
13.88%
Key characteristics
| IAT | KCE | |
|---|---|---|
| Sharpe Ratio | 2.07 | 3.63 |
| Sortino Ratio | 3.07 | 4.78 |
| Omega Ratio | 1.37 | 1.64 |
| Calmar Ratio | 1.20 | 4.12 |
| Martin Ratio | 12.67 | 27.82 |
| Ulcer Index | 4.30% | 2.34% |
| Daily Std Dev | 26.29% | 17.89% |
| Max Drawdown | -77.23% | -74.00% |
| Current Drawdown | -13.95% | -1.26% |
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IAT vs. KCE - Expense Ratio Comparison
IAT has a 0.42% expense ratio, which is higher than KCE's 0.35% expense ratio.
Correlation
The correlation between IAT and KCE 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.
Risk-Adjusted Performance
IAT vs. KCE - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares U.S. Regional Banks ETF (IAT) 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.
Dividends
IAT vs. KCE - Dividend Comparison
IAT's dividend yield for the trailing twelve months is around 2.90%, more than KCE's 1.56% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IAT iShares U.S. Regional Banks ETF | 2.90% | 3.56% | 3.12% | 1.88% | 2.87% | 2.49% | 2.48% | 1.56% | 1.52% | 1.78% | 1.68% | 1.56% |
KCE SPDR S&P Capital Markets ETF | 1.56% | 1.82% | 2.42% | 1.53% | 2.20% | 2.32% | 2.67% | 1.95% | 2.30% | 2.43% | 1.59% | 1.73% |
Drawdowns
IAT vs. KCE - Drawdown Comparison
The maximum IAT drawdown since its inception was -77.23%, roughly equal to the maximum KCE drawdown of -74.00%. Use the drawdown chart below to compare losses from any high point for IAT and KCE. For additional features, visit the drawdowns tool.
Volatility
IAT vs. KCE - Volatility Comparison
iShares U.S. Regional Banks ETF (IAT) has a higher volatility of 12.21% compared to SPDR S&P Capital Markets ETF (KCE) at 8.62%. This indicates that IAT's price experiences larger fluctuations and is considered to be riskier than KCE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.