KBE vs. ITOT
Compare and contrast key facts about SPDR S&P Bank ETF (KBE) and iShares Core S&P Total U.S. Stock Market ETF (ITOT).
KBE and ITOT 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. ITOT is a passively managed fund by iShares that tracks the performance of the S&P Composite 1500 Index. It was launched on Jan 20, 2004. Both KBE and ITOT 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 ITOT.
Performance
KBE vs. ITOT - Performance Comparison
Returns By Period
In the year-to-date period, KBE achieves a 33.69% return, which is significantly higher than ITOT's 25.69% return. Over the past 10 years, KBE has underperformed ITOT with an annualized return of 8.53%, while ITOT has yielded a comparatively higher 12.76% annualized return.
KBE
33.69%
10.56%
33.02%
57.32%
8.66%
8.53%
ITOT
25.69%
2.66%
14.35%
33.07%
15.09%
12.76%
Key characteristics
| KBE | ITOT | |
|---|---|---|
| Sharpe Ratio | 2.18 | 2.68 |
| Sortino Ratio | 3.21 | 3.57 |
| Omega Ratio | 1.39 | 1.49 |
| Calmar Ratio | 1.86 | 3.96 |
| Martin Ratio | 13.22 | 17.14 |
| Ulcer Index | 4.40% | 1.96% |
| Daily Std Dev | 26.61% | 12.56% |
| Max Drawdown | -83.15% | -55.21% |
| Current Drawdown | -1.52% | -0.83% |
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KBE vs. ITOT - Expense Ratio Comparison
KBE has a 0.35% expense ratio, which is higher than ITOT's 0.03% expense ratio.
Correlation
The correlation between KBE and ITOT is 0.72, 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
KBE vs. ITOT - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR S&P Bank ETF (KBE) and iShares Core S&P Total U.S. Stock Market ETF (ITOT). 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. ITOT - Dividend Comparison
KBE's dividend yield for the trailing twelve months is around 2.17%, more than ITOT's 1.21% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
ITOT iShares Core S&P Total U.S. Stock Market ETF | 1.21% | 1.47% | 1.66% | 1.18% | 1.41% | 1.88% | 2.14% | 1.69% | 1.83% | 2.01% | 2.20% | 2.06% |
Drawdowns
KBE vs. ITOT - Drawdown Comparison
The maximum KBE drawdown since its inception was -83.15%, which is greater than ITOT's maximum drawdown of -55.21%. Use the drawdown chart below to compare losses from any high point for KBE and ITOT. For additional features, visit the drawdowns tool.
Volatility
KBE vs. ITOT - Volatility Comparison
SPDR S&P Bank ETF (KBE) has a higher volatility of 13.10% compared to iShares Core S&P Total U.S. Stock Market ETF (ITOT) at 4.17%. This indicates that KBE's price experiences larger fluctuations and is considered to be riskier than ITOT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.