KBE vs. SPC

Last updated Apr 12, 2026

KBE (SPDR S&P Bank ETF) and SPC (CrossingBridge Pre-Merger SPAC ETF) are both Financials Equities funds. KBE is passively managed, while SPC is actively managed. Over the past 3 years, KBE returned 23.01%/yr vs 5.61%/yr for SPC. At 0.05, their price movements are largely independent. KBE charges 0.35%/yr vs 0.81%/yr for SPC.

Performance

KBE vs. SPC - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in SPDR S&P Bank ETF (KBE) and CrossingBridge Pre-Merger SPAC ETF (SPC). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, KBE achieves a 4.15% return, which is significantly higher than SPC's 3.00% return.

KBE

• 1D: -1.19%
• 1M: 8.85%
• YTD: 4.15%
• 6M: 12.64%
• 1Y: 38.72%
• 3Y*: 23.01%
• 5Y*: 6.49%
• 10Y*: 10.26%

SPC

• 1D: 0.03%
• 1M: 0.34%
• YTD: 3.00%
• 6M: 2.85%
• 1Y: 6.83%
• 3Y*: 5.61%
• 5Y*: —
• 10Y*: —

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

KBE vs. SPC - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
KBE SPDR S&P Bank ETF	4.15%	12.36%	23.78%	5.30%	-14.83%	12.25%
SPC CrossingBridge Pre-Merger SPAC ETF	3.00%	5.02%	4.57%	6.05%	2.03%	2.40%

Correlation

The correlation between KBE and SPC is 0.15, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.15
Correlation (3Y) Calculated over the trailing 3-year period	0.08
Correlation (All Time) Calculated using the full available price history since Sep 22, 2021	0.05

Return for Risk

KBE vs. SPC — Risk / Return Rank

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

KBE

KBE Risk / Return Rank: 38
KBE Sharpe Ratio Rank: 40
KBE Sortino Ratio Rank: 38
KBE Omega Ratio Rank: 39
KBE Calmar Ratio Rank: 42
KBE Martin Ratio Rank: 33

SPC

SPC Risk / Return Rank: 16
SPC Sharpe Ratio Rank: 13
SPC Sortino Ratio Rank: 13
SPC Omega Ratio Rank: 17
SPC Calmar Ratio Rank: 17
SPC Martin Ratio Rank: 18

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. SPC - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for SPDR S&P Bank ETF (KBE) and CrossingBridge Pre-Merger SPAC ETF (SPC). 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	SPC	Difference
Sharpe ratio Return per unit of total volatility	1.77	0.54	+1.23
Sortino ratio Return per unit of downside risk	2.42	0.89	+1.53
Omega ratio Gain probability vs. loss probability	1.32	1.16	+0.17
Calmar ratio Return relative to maximum drawdown	2.77	1.24	+1.53
Martin ratio Return relative to average drawdown	7.70	3.56	+4.14
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. SPC - Sharpe Ratio Comparison

The current KBE Sharpe Ratio is 1.77, which is higher than the SPC Sharpe Ratio of 0.54. The chart below compares the historical Sharpe Ratios of KBE and SPC, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	KBE	SPC	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.77	0.54	+1.23
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.24	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.34	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.10	0.78	-0.68

Drawdowns

KBE vs. SPC - Drawdown Comparison

The maximum KBE drawdown since its inception was -83.15%, which is greater than SPC's maximum drawdown of -5.42%. Use the drawdown chart below to compare losses from any high point for KBE and SPC.

Drawdown Indicators

	KBE	SPC	Difference
Max Drawdown Largest peak-to-trough decline	-83.15%	-5.42%	-77.73%
Max Drawdown (1Y) Largest decline over 1 year	-14.63%	-5.42%	-9.21%
Max Drawdown (5Y) Largest decline over 5 years	-45.25%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-53.14%	—	—
Current Drawdown Current decline from peak	-6.24%	-1.24%	-5.00%
Average Drawdown Average peak-to-trough decline	-27.70%	-0.41%	-27.29%
Ulcer Index Depth and duration of drawdowns from previous peaks	5.27%	1.89%	+3.38%

Volatility

KBE vs. SPC - Volatility Comparison

SPDR S&P Bank ETF (KBE) has a higher volatility of 5.45% compared to CrossingBridge Pre-Merger SPAC ETF (SPC) at 4.27%. This indicates that KBE's price experiences larger fluctuations and is considered to be riskier than SPC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	KBE	SPC	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.45%	4.27%	+1.18%
Volatility (6M) Calculated over the trailing 6-month period	17.01%	9.60%	+7.41%
Volatility (1Y) Calculated over the trailing 1-year period	23.16%	12.96%	+10.20%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	27.47%	6.57%	+20.90%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	29.89%	6.57%	+23.32%

KBE vs. SPC - Expense Ratio Comparison

KBE has a 0.35% expense ratio, which is lower than SPC's 0.81% expense ratio.

Dividends

KBE vs. SPC - Dividend Comparison

KBE's dividend yield for the trailing twelve months is around 2.36%, less than SPC's 13.64% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
KBE SPDR S&P Bank ETF	2.36%	2.51%	2.35%	2.78%	2.99%	2.16%	2.44%	2.33%	2.18%	1.36%	1.39%	1.70%
SPC CrossingBridge Pre-Merger SPAC ETF	13.64%	14.05%	7.10%	3.62%	1.14%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%