KBE vs. ITOT

Last updated Apr 2, 2026

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.

Performance

KBE vs. ITOT - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in SPDR S&P Bank ETF (KBE) and iShares Core S&P Total U.S. Stock Market ETF (ITOT). The values are adjusted to include any dividend payments, if applicable.

KBE vs. ITOT - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
KBE SPDR S&P Bank ETF	-0.39%	12.36%	23.78%	5.30%	-14.83%	33.46%	-8.75%	29.78%	-19.65%	10.49%
ITOT iShares Core S&P Total U.S. Stock Market ETF	-3.31%	17.00%	23.80%	26.12%	-19.47%	25.68%	20.71%	30.67%	-5.33%	21.37%

Returns By Period

In the year-to-date period, KBE achieves a -0.39% return, which is significantly higher than ITOT's -3.31% return. Over the past 10 years, KBE has underperformed ITOT with an annualized return of 9.68%, while ITOT has yielded a comparatively higher 13.65% annualized return.

KBE

• 1D: 0.92%
• 1M: -2.33%
• YTD: -0.39%
• 6M: 3.01%
• 1Y: 16.90%
• 3Y*: 20.81%
• 5Y*: 5.69%
• 10Y*: 9.68%

ITOT

• 1D: 0.72%
• 1M: -4.34%
• YTD: -3.31%
• 6M: -1.32%
• 1Y: 18.51%
• 3Y*: 18.11%
• 5Y*: 10.62%
• 10Y*: 13.65%

*Multi-year figures are annualized to reflect compound growth (CAGR)

KBE vs. ITOT - Expense Ratio Comparison

KBE has a 0.35% expense ratio, which is higher than ITOT's 0.03% expense ratio.

KBE

SPDR S&P Bank ETF

ITOT

iShares Core S&P Total U.S. Stock Market ETF

Return for Risk

KBE vs. ITOT — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

KBE

KBE Risk / Return Rank: 34
KBE Sharpe Ratio Rank: 33
KBE Sortino Ratio Rank: 33
KBE Omega Ratio Rank: 34
KBE Calmar Ratio Rank: 41
KBE Martin Ratio Rank: 31

ITOT

ITOT Risk / Return Rank: 59
ITOT Sharpe Ratio Rank: 53
ITOT Sortino Ratio Rank: 57
ITOT Omega Ratio Rank: 60
ITOT Calmar Ratio Rank: 58
ITOT Martin Ratio Rank: 69

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

KBE vs. ITOT - Risk-Adjusted Trends 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.

	KBE	ITOT	Difference
Sharpe ratio Return per unit of total volatility	0.65	1.00	-0.35
Sortino ratio Return per unit of downside risk	1.01	1.52	-0.51
Omega ratio Gain probability vs. loss probability	1.15	1.23	-0.08
Calmar ratio Return relative to maximum drawdown	1.12	1.53	-0.41
Martin ratio Return relative to average drawdown	2.83	7.25	-4.42
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

KBE vs. ITOT - Sharpe Ratio Comparison

The current KBE Sharpe Ratio is 0.65, which is lower than the ITOT Sharpe Ratio of 1.00. The chart below compares the historical Sharpe Ratios of KBE and ITOT, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	KBE	ITOT	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.65	1.00	-0.35
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.21	0.61	-0.41
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.32	0.75	-0.43
Sharpe Ratio (All Time) Calculated using the full available price history	0.09	0.54	-0.44

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.

Dividends

KBE vs. ITOT - Dividend Comparison

KBE's dividend yield for the trailing twelve months is around 2.47%, more than ITOT's 1.12% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
KBE SPDR S&P Bank ETF	2.47%	2.51%	2.35%	2.78%	2.99%	2.16%	2.44%	2.33%	2.18%	1.36%	1.39%	1.70%
ITOT iShares Core S&P Total U.S. Stock Market ETF	1.12%	1.11%	1.23%	1.47%	1.66%	1.18%	1.41%	1.88%	2.14%	1.69%	1.83%	2.01%

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 -55.20%. Use the drawdown chart below to compare losses from any high point for KBE and ITOT.

Drawdown Indicators

	KBE	ITOT	Difference
Max Drawdown Largest peak-to-trough decline	-83.15%	-55.20%	-27.95%
Max Drawdown (1Y) Largest decline over 1 year	-14.63%	-12.34%	-2.29%
Max Drawdown (5Y) Largest decline over 5 years	-45.25%	-25.36%	-19.89%
Max Drawdown (10Y) Largest decline over 10 years	-53.14%	-35.00%	-18.14%
Current Drawdown Current decline from peak	-10.32%	-5.51%	-4.81%
Average Drawdown Average peak-to-trough decline	-27.72%	-7.02%	-20.70%
Ulcer Index Depth and duration of drawdowns from previous peaks	5.80%	2.61%	+3.19%

Volatility

KBE vs. ITOT - Volatility Comparison

SPDR S&P Bank ETF (KBE) and iShares Core S&P Total U.S. Stock Market ETF (ITOT) have volatilities of 5.35% and 5.49%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	KBE	ITOT	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.35%	5.49%	-0.14%
Volatility (6M) Calculated over the trailing 6-month period	16.70%	9.78%	+6.92%
Volatility (1Y) Calculated over the trailing 1-year period	26.14%	18.68%	+7.46%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	27.44%	17.36%	+10.08%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	29.89%	18.25%	+11.64%