KBE vs. KRE
Compare and contrast key facts about SPDR S&P Bank ETF (KBE) and SPDR S&P Regional Banking ETF (KRE).
KBE and KRE 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. KRE is a passively managed fund by State Street that tracks the performance of the S&P Regional Banks Select Industry Index. It was launched on Jun 19, 2006. Both KBE and KRE 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 KRE.
Performance
KBE vs. KRE - Performance Comparison
Returns By Period
In the year-to-date period, KBE achieves a 33.69% return, which is significantly higher than KRE's 29.06% return. Over the past 10 years, KBE has outperformed KRE with an annualized return of 8.53%, while KRE has yielded a comparatively lower 7.62% annualized return.
KBE
33.69%
10.56%
33.02%
57.32%
8.66%
8.53%
KRE
29.06%
12.81%
37.82%
53.86%
6.49%
7.62%
Key characteristics
| KBE | KRE | |
|---|---|---|
| Sharpe Ratio | 2.18 | 1.80 |
| Sortino Ratio | 3.21 | 2.72 |
| Omega Ratio | 1.39 | 1.33 |
| Calmar Ratio | 1.86 | 1.33 |
| Martin Ratio | 13.22 | 7.78 |
| Ulcer Index | 4.40% | 7.01% |
| Daily Std Dev | 26.61% | 30.34% |
| Max Drawdown | -83.15% | -68.54% |
| Current Drawdown | -1.52% | -8.92% |
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KBE vs. KRE - Expense Ratio Comparison
Both KBE and KRE have an expense ratio of 0.35%.
Correlation
The correlation between KBE and KRE is 0.94, 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. KRE - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR S&P Bank ETF (KBE) and SPDR S&P Regional Banking ETF (KRE). 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. KRE - Dividend Comparison
KBE's dividend yield for the trailing twelve months is around 2.17%, less than KRE's 2.40% 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% |
KRE SPDR S&P Regional Banking ETF | 2.40% | 2.99% | 2.51% | 1.97% | 2.78% | 2.21% | 2.25% | 1.40% | 1.39% | 1.80% | 1.60% | 1.37% |
Drawdowns
KBE vs. KRE - Drawdown Comparison
The maximum KBE drawdown since its inception was -83.15%, which is greater than KRE's maximum drawdown of -68.54%. Use the drawdown chart below to compare losses from any high point for KBE and KRE. For additional features, visit the drawdowns tool.
Volatility
KBE vs. KRE - Volatility Comparison
The current volatility for SPDR S&P Bank ETF (KBE) is 13.10%, while SPDR S&P Regional Banking ETF (KRE) has a volatility of 14.39%. This indicates that KBE experiences smaller price fluctuations and is considered to be less risky than KRE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.