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.
Performance
IYF vs. KBE - Performance Comparison
Loading graphics...
IYF vs. KBE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
IYF iShares U.S. Financials ETF | -8.29% | 18.25% | 31.30% | 15.32% | -11.33% | 31.60% | -1.00% | 31.86% | -9.39% | 19.58% |
KBE SPDR S&P Bank ETF | -1.31% | 12.36% | 23.78% | 5.30% | -14.83% | 33.46% | -8.75% | 29.78% | -19.65% | 10.49% |
Returns By Period
In the year-to-date period, IYF achieves a -8.29% return, which is significantly lower than KBE's -1.31% return. Over the past 10 years, IYF has outperformed KBE with an annualized return of 12.58%, while KBE has yielded a comparatively lower 9.58% annualized return.
IYF
- 1D
- 2.27%
- 1M
- -3.56%
- YTD
- -8.29%
- 6M
- -6.22%
- 1Y
- 5.91%
- 3Y*
- 20.12%
- 5Y*
- 10.92%
- 10Y*
- 12.58%
KBE
- 1D
- 2.51%
- 1M
- -1.89%
- YTD
- -1.31%
- 6M
- 1.47%
- 1Y
- 15.33%
- 3Y*
- 20.45%
- 5Y*
- 5.49%
- 10Y*
- 9.58%
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
IYF vs. KBE - Expense Ratio Comparison
IYF has a 0.42% expense ratio, which is higher than KBE's 0.35% expense ratio.
Return for Risk
IYF vs. KBE — Risk / Return Rank
IYF
KBE
IYF vs. KBE - Risk-Adjusted Trends 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.
| IYF | KBE | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.31 | 0.59 | -0.28 |
Sortino ratioReturn per unit of downside risk | 0.53 | 0.94 | -0.41 |
Omega ratioGain probability vs. loss probability | 1.08 | 1.14 | -0.06 |
Calmar ratioReturn relative to maximum drawdown | 0.51 | 1.11 | -0.61 |
Martin ratioReturn relative to average drawdown | 1.52 | 2.83 | -1.31 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading graphics...
Sharpe Ratios by Period
| IYF | KBE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.31 | 0.59 | -0.28 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.58 | 0.20 | +0.38 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.60 | 0.32 | +0.28 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.22 | 0.09 | +0.12 |
Correlation
The correlation between IYF and KBE is 0.89, 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.
Dividends
IYF vs. KBE - Dividend Comparison
IYF's dividend yield for the trailing twelve months is around 1.62%, less than KBE's 2.49% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IYF iShares U.S. Financials ETF | 1.62% | 1.32% | 1.29% | 1.67% | 1.86% | 1.27% | 1.72% | 1.64% | 1.90% | 1.46% | 1.67% | 1.66% |
KBE SPDR S&P Bank ETF | 2.49% | 2.51% | 2.35% | 2.78% | 2.99% | 2.16% | 2.44% | 2.33% | 2.18% | 1.36% | 1.39% | 1.70% |
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.
Loading graphics...
Drawdown Indicators
| IYF | KBE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -79.09% | -83.15% | +4.06% |
Max Drawdown (1Y)Largest decline over 1 year | -13.88% | -14.63% | +0.75% |
Max Drawdown (5Y)Largest decline over 5 years | -25.06% | -45.25% | +20.19% |
Max Drawdown (10Y)Largest decline over 10 years | -42.57% | -53.14% | +10.57% |
Current DrawdownCurrent decline from peak | -11.10% | -11.14% | +0.04% |
Average DrawdownAverage peak-to-trough decline | -17.68% | -27.72% | +10.04% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.62% | 5.76% | -1.14% |
Volatility
IYF vs. KBE - Volatility Comparison
The current volatility for iShares U.S. Financials ETF (IYF) is 4.71%, while SPDR S&P Bank ETF (KBE) has a volatility of 5.27%. 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.
Loading graphics...
Volatility by Period
| IYF | KBE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.71% | 5.27% | -0.56% |
Volatility (6M)Calculated over the trailing 6-month period | 11.36% | 16.69% | -5.33% |
Volatility (1Y)Calculated over the trailing 1-year period | 19.48% | 26.13% | -6.65% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.00% | 27.44% | -8.44% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.91% | 29.90% | -8.99% |