IAT vs. KRE
Compare and contrast key facts about iShares U.S. Regional Banks ETF (IAT) and SPDR S&P Regional Banking ETF (KRE).
IAT and KRE 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. KRE is a passively managed fund by State Street that tracks the performance of the S&P Regional Banks Select Industry Index. It was launched on Jun 19, 2006. Both IAT and KRE 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 KRE.
Performance
IAT vs. KRE - Performance Comparison
Returns By Period
In the year-to-date period, IAT achieves a 34.71% return, which is significantly higher than KRE's 29.06% return. Both investments have delivered pretty close results over the past 10 years, with IAT having a 7.51% annualized return and KRE not far ahead at 7.62%.
IAT
34.71%
11.14%
34.86%
59.59%
5.42%
7.51%
KRE
29.06%
12.81%
37.82%
53.86%
6.49%
7.62%
Key characteristics
| IAT | KRE | |
|---|---|---|
| Sharpe Ratio | 2.27 | 1.80 |
| Sortino Ratio | 3.30 | 2.72 |
| Omega Ratio | 1.40 | 1.33 |
| Calmar Ratio | 1.31 | 1.33 |
| Martin Ratio | 13.84 | 7.78 |
| Ulcer Index | 4.30% | 7.01% |
| Daily Std Dev | 26.24% | 30.34% |
| Max Drawdown | -77.23% | -68.54% |
| Current Drawdown | -12.79% | -8.92% |
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IAT vs. KRE - Expense Ratio Comparison
IAT has a 0.42% expense ratio, which is higher than KRE's 0.35% expense ratio.
Correlation
The correlation between IAT and KRE is 0.95, 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. KRE - 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 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.
Dividends
IAT vs. KRE - Dividend Comparison
IAT's dividend yield for the trailing twelve months is around 2.86%, more than KRE's 2.40% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IAT iShares U.S. Regional Banks ETF | 2.86% | 3.56% | 3.12% | 1.88% | 2.87% | 2.49% | 2.48% | 1.56% | 1.52% | 1.78% | 1.68% | 1.56% |
KRE SPDR S&P Regional Banking ETF | 2.40% | 2.99% | 2.51% | 1.97% | 2.78% | 2.21% | 2.25% | 1.40% | 1.39% | 1.80% | 1.60% | 1.37% |
Drawdowns
IAT vs. KRE - Drawdown Comparison
The maximum IAT drawdown since its inception was -77.23%, which is greater than KRE's maximum drawdown of -68.54%. Use the drawdown chart below to compare losses from any high point for IAT and KRE. For additional features, visit the drawdowns tool.
Volatility
IAT vs. KRE - Volatility Comparison
The current volatility for iShares U.S. Regional Banks ETF (IAT) is 12.24%, while SPDR S&P Regional Banking ETF (KRE) has a volatility of 14.39%. This indicates that IAT experiences smaller price fluctuations and is considered to be less risky than KRE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.