KBE vs. QQQ
Compare and contrast key facts about SPDR S&P Bank ETF (KBE) and Invesco QQQ (QQQ).
KBE and QQQ 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. QQQ is a passively managed fund by Invesco that tracks the performance of the NASDAQ-100 Index. It was launched on Mar 10, 1999. Both KBE and QQQ 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 QQQ.
Performance
KBE vs. QQQ - Performance Comparison
Returns By Period
In the year-to-date period, KBE achieves a 32.16% return, which is significantly higher than QQQ's 23.47% return. Over the past 10 years, KBE has underperformed QQQ with an annualized return of 8.51%, while QQQ has yielded a comparatively higher 18.10% annualized return.
KBE
32.16%
7.14%
27.23%
53.57%
8.54%
8.51%
QQQ
23.47%
1.82%
10.79%
29.73%
20.93%
18.10%
Key characteristics
| KBE | QQQ | |
|---|---|---|
| Sharpe Ratio | 2.00 | 1.80 |
| Sortino Ratio | 3.00 | 2.40 |
| Omega Ratio | 1.37 | 1.32 |
| Calmar Ratio | 1.70 | 2.31 |
| Martin Ratio | 12.16 | 8.39 |
| Ulcer Index | 4.39% | 3.73% |
| Daily Std Dev | 26.64% | 17.41% |
| Max Drawdown | -83.15% | -82.98% |
| Current Drawdown | -2.65% | -2.08% |
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KBE vs. QQQ - Expense Ratio Comparison
KBE has a 0.35% expense ratio, which is higher than QQQ's 0.20% expense ratio.
Correlation
The correlation between KBE and QQQ is 0.54, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Risk-Adjusted Performance
KBE vs. QQQ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR S&P Bank ETF (KBE) and Invesco QQQ (QQQ). 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. QQQ - Dividend Comparison
KBE's dividend yield for the trailing twelve months is around 2.20%, more than QQQ's 0.60% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
KBE SPDR S&P Bank ETF | 2.20% | 2.78% | 2.99% | 2.16% | 2.44% | 2.33% | 2.18% | 1.35% | 1.39% | 1.69% | 1.59% | 1.37% |
QQQ Invesco QQQ | 0.60% | 0.62% | 0.80% | 0.43% | 0.55% | 0.74% | 0.91% | 0.84% | 1.06% | 0.99% | 1.41% | 1.02% |
Drawdowns
KBE vs. QQQ - Drawdown Comparison
The maximum KBE drawdown since its inception was -83.15%, roughly equal to the maximum QQQ drawdown of -82.98%. Use the drawdown chart below to compare losses from any high point for KBE and QQQ. For additional features, visit the drawdowns tool.
Volatility
KBE vs. QQQ - Volatility Comparison
SPDR S&P Bank ETF (KBE) has a higher volatility of 13.05% compared to Invesco QQQ (QQQ) at 5.66%. This indicates that KBE's price experiences larger fluctuations and is considered to be riskier than QQQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.