KBE vs. BNKS.L
Compare and contrast key facts about SPDR S&P Bank ETF (KBE) and iShares S&P U.S. Banks (BNKS.L).
KBE and BNKS.L are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. 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. BNKS.L is a passively managed fund by iShares that tracks the performance of the MSCI World/Financials NR USD. It was launched on May 22, 2018. Both KBE and BNKS.L 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: KBE or BNKS.L.
Correlation
The correlation between KBE and BNKS.L is 0.71, 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.
Performance
KBE vs. BNKS.L - Performance Comparison
Key characteristics
KBE:
0.99
BNKS.L:
1.14
KBE:
1.62
BNKS.L:
1.80
KBE:
1.20
BNKS.L:
1.22
KBE:
1.05
BNKS.L:
0.81
KBE:
5.51
BNKS.L:
6.74
KBE:
4.68%
BNKS.L:
4.21%
KBE:
26.10%
BNKS.L:
24.74%
KBE:
-83.15%
BNKS.L:
-51.35%
KBE:
-11.03%
BNKS.L:
-11.54%
Returns By Period
In the year-to-date period, KBE achieves a 23.85% return, which is significantly lower than BNKS.L's 26.52% return.
KBE
23.85%
-5.95%
26.33%
24.55%
6.14%
7.63%
BNKS.L
26.52%
-5.27%
26.54%
28.56%
4.03%
N/A
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KBE vs. BNKS.L - Expense Ratio Comparison
Both KBE and BNKS.L have an expense ratio of 0.35%.
Risk-Adjusted Performance
KBE vs. BNKS.L - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR S&P Bank ETF (KBE) and iShares S&P U.S. Banks (BNKS.L). 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
KBE vs. BNKS.L - Dividend Comparison
KBE's dividend yield for the trailing twelve months is around 1.73%, while BNKS.L has not paid dividends to shareholders.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
KBE SPDR S&P Bank ETF | 1.73% | 2.78% | 2.99% | 2.16% | 2.44% | 2.33% | 2.18% | 1.35% | 1.39% | 1.69% | 1.59% | 1.37% |
BNKS.L iShares S&P U.S. Banks | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
KBE vs. BNKS.L - Drawdown Comparison
The maximum KBE drawdown since its inception was -83.15%, which is greater than BNKS.L's maximum drawdown of -51.35%. Use the drawdown chart below to compare losses from any high point for KBE and BNKS.L. For additional features, visit the drawdowns tool.
Volatility
KBE vs. BNKS.L - Volatility Comparison
SPDR S&P Bank ETF (KBE) has a higher volatility of 6.99% compared to iShares S&P U.S. Banks (BNKS.L) at 5.34%. This indicates that KBE's price experiences larger fluctuations and is considered to be riskier than BNKS.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.