KCE vs. FDIQ
KCE (SPDR S&P Capital Markets ETF) and FDIQ (Invesco Bloomberg Financial Data Providers ETF) are both Financials Equities funds - KCE tracks the S&P Capital Markets Select Industry Index while FDIQ tracks the Bloomberg Financial Data Providers Index. Both are passively managed. Over the past 10 years, KCE returned 16.37%/yr vs 7.60%/yr for FDIQ. A 0.74 correlation means they provide meaningful diversification when combined. Both charge a 0.35% expense ratio.
Performance
KCE vs. FDIQ - Performance Comparison
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Returns By Period
In the year-to-date period, KCE achieves a -1.07% return, which is significantly lower than FDIQ's 9.72% return. Over the past 10 years, KCE has outperformed FDIQ with an annualized return of 16.37%, while FDIQ has yielded a comparatively lower 7.60% annualized return.
KCE
- 1D
- -1.85%
- 1M
- -2.01%
- YTD
- -1.07%
- 6M
- 1.30%
- 1Y
- 10.93%
- 3Y*
- 23.82%
- 5Y*
- 11.80%
- 10Y*
- 16.37%
FDIQ
- 1D
- -0.97%
- 1M
- -5.53%
- YTD
- 9.72%
- 6M
- 10.28%
- 1Y
- 22.98%
- 3Y*
- 18.27%
- 5Y*
- 3.82%
- 10Y*
- 7.60%
KCE vs. FDIQ - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
KCE SPDR S&P Capital Markets ETF | -1.07% | 10.76% | 37.51% | 32.04% | -22.14% | 40.05% | 30.82% | 27.13% | -15.63% | 32.01% |
FDIQ Invesco Bloomberg Financial Data Providers ETF | 9.72% | 6.32% | 12.76% | -0.84% | -7.23% | 36.05% | -8.95% | 23.57% | -18.31% | 1.81% |
Correlation
The correlation between KCE and FDIQ is 0.63, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.63 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.72 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.73 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.74 |
Correlation (All Time) Calculated using the full available price history since Nov 2, 2011 | 0.74 |
The correlation between KCE and FDIQ shifts across timeframes, from 0.63 (1 year) to 0.74 (10 years), reflecting how their relationship changes across market environments.
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Return for Risk
KCE vs. FDIQ — Risk / Return Rank
KCE
FDIQ
KCE vs. FDIQ - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR S&P Capital Markets ETF (KCE) and Invesco Bloomberg Financial Data Providers ETF (FDIQ). 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.
| KCE | FDIQ | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.49 | ||
| Sortino ratioReturn per unit of downside risk | -0.72 | ||
| Omega ratioGain probability vs. loss probability | 1.11 | 1.20 | -0.10 |
| Calmar ratioReturn relative to maximum drawdown | 0.63 | 2.07 | -1.44 |
| Martin ratioReturn relative to average drawdown | 1.65 | 5.26 | -3.61 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| KCE | FDIQ | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.56 | 1.04 | -0.49 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.52 | 0.13 | +0.38 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.71 | 0.24 | +0.47 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.25 | 0.37 | -0.12 |
Drawdowns
KCE vs. FDIQ - Drawdown Comparison
The maximum KCE drawdown since its inception was -74.00%, which is greater than FDIQ's maximum drawdown of -52.86%. Use the drawdown chart below to compare losses from any high point for KCE and FDIQ.
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Drawdown Indicators
| KCE | FDIQ | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -74.00% | -52.86% | -21.14% |
Max Drawdown (1Y)Largest decline over 1 year | -17.44% | -11.13% | -6.31% |
Max Drawdown (3Y)Largest decline over 3 years | -26.31% | -28.09% | +1.78% |
Max Drawdown (5Y)Largest decline over 5 years | -34.45% | -42.99% | +8.54% |
Max Drawdown (10Y)Largest decline over 10 years | -40.78% | -52.86% | +12.08% |
Current DrawdownCurrent decline from peak | -8.15% | -8.53% | +0.38% |
Average DrawdownAverage peak-to-trough decline | -22.81% | -11.56% | -11.25% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.63% | 4.38% | +2.25% |
Volatility
KCE vs. FDIQ - Volatility Comparison
SPDR S&P Capital Markets ETF (KCE) and Invesco Bloomberg Financial Data Providers ETF (FDIQ) have volatilities of 4.24% and 4.06%, 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.
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Volatility by Period
| KCE | FDIQ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.24% | 4.06% | +0.18% |
Volatility (6M)Calculated over the trailing 6-month period | 14.98% | 13.93% | +1.05% |
Volatility (1Y)Calculated over the trailing 1-year period | 19.69% | 22.14% | -2.45% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 23.01% | 28.70% | -5.69% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 23.10% | 31.12% | -8.02% |
KCE vs. FDIQ - Expense Ratio Comparison
Both KCE and FDIQ have an expense ratio of 0.35%.
Dividends
KCE vs. FDIQ - Dividend Comparison
KCE's dividend yield for the trailing twelve months is around 1.75%, less than FDIQ's 2.56% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FDIQ Invesco Bloomberg Financial Data Providers ETF | 2.56% | 2.66% | 2.69% | 2.89% | 2.51% | 2.04% | 2.92% | 2.44% | 2.45% | 1.59% | 1.50% | 1.92% |
KCE SPDR S&P Capital Markets ETF | 1.75% | 1.63% | 1.56% | 1.82% | 2.42% | 1.53% | 2.20% | 2.32% | 2.67% | 1.95% | 2.30% | 2.43% |
Frequently Asked Questions
KCE and FDIQ have a correlation of 0.63, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
KCE has higher volatility (4.24%) compared to FDIQ (4.06%). In terms of maximum drawdown, KCE dropped -74.00% vs FDIQ's -52.86%.
On 10-year performance, KCE leads with 16.37% vs 7.60% for FDIQ. Both ETFs have the same 0.35% expense ratio. On volatility, FDIQ has been the lower-risk option at 4.06%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 10-year period, KCE has performed better with a 16.37% return vs 7.60%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
KCE and FDIQ have the same expense ratio: 0.35% per year.
FDIQ has the higher dividend yield at 2.56%, compared with 1.75% for KCE.
KCE tracks S&P Capital Markets Select Industry Index, while FDIQ tracks Bloomberg Financial Data Providers Index. They also come from different issuers: State Street and Invesco.
FDIQ currently has the higher Sharpe Ratio (1.04 vs 0.56), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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