KBE vs. VOO
Compare and contrast key facts about SPDR S&P Bank ETF (KBE) and Vanguard S&P 500 ETF (VOO).
KBE and VOO 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. VOO is a passively managed fund by Vanguard that tracks the performance of the S&P 500 Index. It was launched on Sep 7, 2010. Both KBE and VOO 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 VOO.
Performance
KBE vs. VOO - Performance Comparison
Returns By Period
In the year-to-date period, KBE achieves a 32.79% return, which is significantly higher than VOO's 25.02% return. Over the past 10 years, KBE has underperformed VOO with an annualized return of 8.56%, while VOO has yielded a comparatively higher 13.11% annualized return.
KBE
32.79%
7.64%
28.35%
54.14%
8.64%
8.56%
VOO
25.02%
0.63%
11.74%
32.35%
15.50%
13.11%
Key characteristics
| KBE | VOO | |
|---|---|---|
| Sharpe Ratio | 2.11 | 2.67 |
| Sortino Ratio | 3.13 | 3.56 |
| Omega Ratio | 1.38 | 1.50 |
| Calmar Ratio | 1.79 | 3.85 |
| Martin Ratio | 12.84 | 17.51 |
| Ulcer Index | 4.39% | 1.86% |
| Daily Std Dev | 26.69% | 12.23% |
| Max Drawdown | -83.15% | -33.99% |
| Current Drawdown | -2.19% | -1.76% |
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KBE vs. VOO - Expense Ratio Comparison
KBE has a 0.35% expense ratio, which is higher than VOO's 0.03% expense ratio.
Correlation
The correlation between KBE and VOO is 0.68, 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. VOO - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR S&P Bank ETF (KBE) and Vanguard S&P 500 ETF (VOO). 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. VOO - Dividend Comparison
KBE's dividend yield for the trailing twelve months is around 2.19%, more than VOO's 1.25% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
KBE SPDR S&P Bank ETF | 2.19% | 2.78% | 2.99% | 2.16% | 2.44% | 2.33% | 2.18% | 1.35% | 1.39% | 1.69% | 1.59% | 1.37% |
VOO Vanguard S&P 500 ETF | 1.25% | 1.46% | 1.69% | 1.25% | 1.54% | 1.88% | 2.06% | 1.78% | 2.02% | 2.10% | 1.85% | 1.84% |
Drawdowns
KBE vs. VOO - Drawdown Comparison
The maximum KBE drawdown since its inception was -83.15%, which is greater than VOO's maximum drawdown of -33.99%. Use the drawdown chart below to compare losses from any high point for KBE and VOO. For additional features, visit the drawdowns tool.
Volatility
KBE vs. VOO - Volatility Comparison
SPDR S&P Bank ETF (KBE) has a higher volatility of 13.44% compared to Vanguard S&P 500 ETF (VOO) at 4.09%. This indicates that KBE's price experiences larger fluctuations and is considered to be riskier than VOO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.