KBWR vs. KRE
Compare and contrast key facts about Invesco KBW Regional Banking ETF (KBWR) and SPDR S&P Regional Banking ETF (KRE).
KBWR and KRE are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. KBWR is a passively managed fund by Invesco that tracks the performance of the KBW Nasdaq Regional Banking Index. It was launched on Nov 1, 2011. 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 KBWR 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: KBWR or KRE.
Performance
KBWR vs. KRE - Performance Comparison
Returns By Period
In the year-to-date period, KBWR achieves a 22.75% return, which is significantly lower than KRE's 29.06% return. Both investments have delivered pretty close results over the past 10 years, with KBWR having a 7.96% annualized return and KRE not far behind at 7.62%.
KBWR
22.75%
13.04%
35.82%
45.32%
7.99%
7.96%
KRE
29.06%
12.81%
37.82%
53.86%
6.49%
7.62%
Key characteristics
| KBWR | KRE | |
|---|---|---|
| Sharpe Ratio | 1.50 | 1.80 |
| Sortino Ratio | 2.39 | 2.72 |
| Omega Ratio | 1.28 | 1.33 |
| Calmar Ratio | 1.52 | 1.33 |
| Martin Ratio | 5.35 | 7.78 |
| Ulcer Index | 8.63% | 7.01% |
| Daily Std Dev | 30.81% | 30.34% |
| Max Drawdown | -52.86% | -68.54% |
| Current Drawdown | -1.70% | -8.92% |
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KBWR vs. KRE - Expense Ratio Comparison
Both KBWR and KRE have an expense ratio of 0.35%.
Correlation
The correlation between KBWR and KRE is 0.95, 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
KBWR vs. KRE - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco KBW Regional Banking ETF (KBWR) 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
KBWR vs. KRE - Dividend Comparison
KBWR's dividend yield for the trailing twelve months is around 2.45%, more than KRE's 2.40% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
KBWR Invesco KBW Regional Banking ETF | 2.45% | 2.89% | 2.51% | 2.04% | 2.92% | 2.44% | 2.45% | 1.59% | 1.50% | 1.92% | 1.79% | 1.50% |
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
KBWR vs. KRE - Drawdown Comparison
The maximum KBWR drawdown since its inception was -52.86%, smaller than the maximum KRE drawdown of -68.54%. Use the drawdown chart below to compare losses from any high point for KBWR and KRE. For additional features, visit the drawdowns tool.
Volatility
KBWR vs. KRE - Volatility Comparison
Invesco KBW Regional Banking ETF (KBWR) and SPDR S&P Regional Banking ETF (KRE) have volatilities of 14.62% and 14.39%, 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.