IYF vs. KBE
Compare and contrast key facts about iShares U.S. Financials ETF (IYF) and SPDR S&P Bank ETF (KBE).
IYF and KBE are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. IYF is a passively managed fund by iShares that tracks the performance of the Dow Jones U.S. Financials Index. It was launched on May 31, 2000. KBE is a passively managed fund by State Street that tracks the performance of the S&P Banks Select Industry Index. It was launched on Nov 8, 2005. Both IYF and KBE 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: IYF or KBE.
Performance
IYF vs. KBE - Performance Comparison
Returns By Period
In the year-to-date period, IYF achieves a 37.65% return, which is significantly higher than KBE's 33.69% return. Over the past 10 years, IYF has outperformed KBE with an annualized return of 12.03%, while KBE has yielded a comparatively lower 8.53% annualized return.
IYF
37.65%
7.20%
24.29%
49.08%
13.66%
12.03%
KBE
33.69%
10.56%
33.02%
57.32%
8.66%
8.53%
Key characteristics
| IYF | KBE | |
|---|---|---|
| Sharpe Ratio | 3.31 | 2.18 |
| Sortino Ratio | 4.62 | 3.21 |
| Omega Ratio | 1.60 | 1.39 |
| Calmar Ratio | 4.75 | 1.86 |
| Martin Ratio | 23.77 | 13.22 |
| Ulcer Index | 2.09% | 4.40% |
| Daily Std Dev | 15.01% | 26.61% |
| Max Drawdown | -79.09% | -83.15% |
| Current Drawdown | 0.00% | -1.52% |
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IYF vs. KBE - Expense Ratio Comparison
IYF has a 0.42% expense ratio, which is higher than KBE's 0.35% expense ratio.
Correlation
The correlation between IYF and KBE is 0.90, 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
IYF vs. KBE - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares U.S. Financials ETF (IYF) and SPDR S&P Bank ETF (KBE). 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
IYF vs. KBE - Dividend Comparison
IYF's dividend yield for the trailing twelve months is around 1.19%, less than KBE's 2.17% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IYF iShares U.S. Financials ETF | 1.19% | 1.67% | 1.86% | 1.27% | 1.72% | 1.64% | 1.90% | 1.46% | 1.67% | 1.66% | 1.38% | 1.33% |
KBE SPDR S&P Bank ETF | 2.17% | 2.78% | 2.99% | 2.16% | 2.44% | 2.33% | 2.18% | 1.35% | 1.39% | 1.69% | 1.59% | 1.37% |
Drawdowns
IYF vs. KBE - Drawdown Comparison
The maximum IYF drawdown since its inception was -79.09%, roughly equal to the maximum KBE drawdown of -83.15%. Use the drawdown chart below to compare losses from any high point for IYF and KBE. For additional features, visit the drawdowns tool.
Volatility
IYF vs. KBE - Volatility Comparison
The current volatility for iShares U.S. Financials ETF (IYF) is 7.89%, while SPDR S&P Bank ETF (KBE) has a volatility of 13.10%. This indicates that IYF experiences smaller price fluctuations and is considered to be less risky than KBE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.