KBE vs. FDIQ
KBE (SPDR S&P Bank ETF) and FDIQ (Invesco Bloomberg Financial Data Providers ETF) are both Financials Equities funds - KBE tracks the S&P Banks Select Industry Index while FDIQ tracks the Bloomberg Financial Data Providers Index. Both are passively managed. Over the past 10 years, KBE returned 9.19%/yr vs 7.60%/yr for FDIQ. Their correlation of 0.93 suggests significant overlap in exposure. Both charge a 0.35% expense ratio.
Performance
KBE vs. FDIQ - Performance Comparison
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Returns By Period
In the year-to-date period, KBE achieves a 2.87% return, which is significantly lower than FDIQ's 9.72% return. Over the past 10 years, KBE has outperformed FDIQ with an annualized return of 9.19%, while FDIQ has yielded a comparatively lower 7.60% annualized return.
KBE
- 1D
- -2.28%
- 1M
- -1.94%
- YTD
- 2.87%
- 6M
- 4.27%
- 1Y
- 18.75%
- 3Y*
- 22.67%
- 5Y*
- 5.28%
- 10Y*
- 9.19%
FDIQ
- 1D
- -0.97%
- 1M
- -5.53%
- YTD
- 9.72%
- 6M
- 10.28%
- 1Y
- 22.98%
- 3Y*
- 18.27%
- 5Y*
- 3.82%
- 10Y*
- 7.60%
KBE vs. FDIQ - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
KBE SPDR S&P Bank ETF | 2.87% | 12.36% | 23.78% | 5.30% | -14.83% | 33.46% | -8.75% | 29.78% | -19.65% | 10.49% |
FDIQ Invesco Bloomberg Financial Data Providers ETF | 9.72% | 6.32% | 12.76% | -0.84% | -7.23% | 36.05% | -8.95% | 23.57% | -18.31% | 1.81% |
Correlation
The correlation between KBE and FDIQ is 0.80, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.80 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.92 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.94 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.95 |
Correlation (All Time) Calculated using the full available price history since Nov 2, 2011 | 0.93 |
The correlation between KBE and FDIQ shifts across timeframes, from 0.80 (1 year) to 0.95 (10 years), reflecting how their relationship changes across market environments.
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Return for Risk
KBE vs. FDIQ — Risk / Return Rank
KBE
FDIQ
KBE vs. FDIQ - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR S&P Bank ETF (KBE) and Invesco Bloomberg Financial Data Providers ETF (FDIQ). 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.
| KBE | FDIQ | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.17 | ||
| Sortino ratioReturn per unit of downside risk | -0.28 | ||
| Omega ratioGain probability vs. loss probability | 1.17 | 1.20 | -0.03 |
| Calmar ratioReturn relative to maximum drawdown | 1.29 | 2.07 | -0.79 |
| Martin ratioReturn relative to average drawdown | 3.39 | 5.26 | -1.88 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| KBE | FDIQ | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.87 | 1.04 | -0.17 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.19 | 0.13 | +0.06 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.31 | 0.24 | +0.06 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.10 | 0.37 | -0.27 |
Drawdowns
KBE vs. FDIQ - Drawdown Comparison
The maximum KBE drawdown since its inception was -83.15%, which is greater than FDIQ's maximum drawdown of -52.86%. Use the drawdown chart below to compare losses from any high point for KBE and FDIQ.
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Drawdown Indicators
| KBE | FDIQ | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -83.15% | -52.86% | -30.29% |
Max Drawdown (1Y)Largest decline over 1 year | -14.63% | -11.13% | -3.50% |
Max Drawdown (3Y)Largest decline over 3 years | -25.97% | -28.09% | +2.12% |
Max Drawdown (5Y)Largest decline over 5 years | -45.25% | -42.99% | -2.26% |
Max Drawdown (10Y)Largest decline over 10 years | -53.14% | -52.86% | -0.28% |
Current DrawdownCurrent decline from peak | -7.38% | -8.53% | +1.15% |
Average DrawdownAverage peak-to-trough decline | -27.54% | -11.56% | -15.98% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.55% | 4.38% | +1.17% |
Volatility
KBE vs. FDIQ - Volatility Comparison
SPDR S&P Bank ETF (KBE) has a higher volatility of 5.65% compared to Invesco Bloomberg Financial Data Providers ETF (FDIQ) at 4.06%. This indicates that KBE's price experiences larger fluctuations and is considered to be riskier than FDIQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| KBE | FDIQ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.65% | 4.06% | +1.59% |
Volatility (6M)Calculated over the trailing 6-month period | 14.93% | 13.93% | +1.00% |
Volatility (1Y)Calculated over the trailing 1-year period | 21.62% | 22.14% | -0.52% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 27.36% | 28.70% | -1.34% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 29.85% | 31.12% | -1.27% |
KBE vs. FDIQ - Expense Ratio Comparison
Both KBE and FDIQ have an expense ratio of 0.35%.
Dividends
KBE vs. FDIQ - Dividend Comparison
KBE's dividend yield for the trailing twelve months is around 2.39%, less than FDIQ's 2.56% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FDIQ Invesco Bloomberg Financial Data Providers ETF | 2.56% | 2.66% | 2.69% | 2.89% | 2.51% | 2.04% | 2.92% | 2.44% | 2.45% | 1.59% | 1.50% | 1.92% |
KBE SPDR S&P Bank ETF | 2.39% | 2.51% | 2.35% | 2.78% | 2.99% | 2.16% | 2.44% | 2.33% | 2.18% | 1.36% | 1.39% | 1.70% |
Frequently Asked Questions
KBE and FDIQ have a correlation of 0.80, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
KBE has higher volatility (5.65%) compared to FDIQ (4.06%). In terms of maximum drawdown, KBE dropped -83.15% vs FDIQ's -52.86%.
On 10-year performance, KBE leads with 9.19% vs 7.60% for FDIQ. Both ETFs have the same 0.35% expense ratio. On volatility, FDIQ has been the lower-risk option at 4.06%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 10-year period, KBE has performed better with a 9.19% return vs 7.60%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
KBE and FDIQ have the same expense ratio: 0.35% per year.
FDIQ has the higher dividend yield at 2.56%, compared with 2.39% for KBE.
KBE tracks S&P Banks Select Industry Index, while FDIQ tracks Bloomberg Financial Data Providers Index. They also come from different issuers: State Street and Invesco.
FDIQ currently has the higher Sharpe Ratio (1.04 vs 0.87), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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