KCE vs. FNCL
Compare and contrast key facts about SPDR S&P Capital Markets ETF (KCE) and Fidelity MSCI Financials Index ETF (FNCL).
KCE and FNCL are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. KCE is a passively managed fund by State Street that tracks the performance of the S&P Capital Markets Select Industry Index. It was launched on Nov 8, 2005. FNCL is a passively managed fund by Fidelity that tracks the performance of the MSCI USA IMI Financials Index. It was launched on Oct 21, 2013. Both KCE and FNCL are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Performance
KCE vs. FNCL - Performance Comparison
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KCE vs. FNCL - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
KCE SPDR S&P Capital Markets ETF | -8.04% | 10.76% | 37.51% | 32.04% | -22.14% | 40.05% | 30.82% | 27.13% | -15.63% | 32.01% |
FNCL Fidelity MSCI Financials Index ETF | -9.21% | 14.94% | 30.44% | 14.10% | -12.28% | 34.92% | -2.19% | 31.59% | -13.44% | 19.99% |
Returns By Period
In the year-to-date period, KCE achieves a -8.04% return, which is significantly higher than FNCL's -9.21% return. Over the past 10 years, KCE has outperformed FNCL with an annualized return of 15.83%, while FNCL has yielded a comparatively lower 12.24% annualized return.
KCE
- 1D
- -0.33%
- 1M
- -5.99%
- YTD
- -8.04%
- 6M
- -7.70%
- 1Y
- 9.74%
- 3Y*
- 20.41%
- 5Y*
- 11.90%
- 10Y*
- 15.83%
FNCL
- 1D
- -0.04%
- 1M
- -3.56%
- YTD
- -9.21%
- 6M
- -6.36%
- 1Y
- 2.88%
- 3Y*
- 17.95%
- 5Y*
- 9.30%
- 10Y*
- 12.24%
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KCE vs. FNCL - Expense Ratio Comparison
KCE has a 0.35% expense ratio, which is higher than FNCL's 0.08% expense ratio.
Return for Risk
KCE vs. FNCL — Risk / Return Rank
KCE
FNCL
KCE vs. FNCL - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR S&P Capital Markets ETF (KCE) and Fidelity MSCI Financials Index ETF (FNCL). 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 | FNCL | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.38 | 0.14 | +0.24 |
Sortino ratioReturn per unit of downside risk | 0.69 | 0.33 | +0.36 |
Omega ratioGain probability vs. loss probability | 1.09 | 1.05 | +0.05 |
Calmar ratioReturn relative to maximum drawdown | 0.61 | 0.18 | +0.43 |
Martin ratioReturn relative to average drawdown | 1.63 | 0.53 | +1.09 |
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 | FNCL | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.38 | 0.14 | +0.24 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.52 | 0.48 | +0.04 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.68 | 0.55 | +0.13 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.24 | 0.52 | -0.28 |
Correlation
The correlation between KCE and FNCL is 0.87, 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.
Dividends
KCE vs. FNCL - Dividend Comparison
KCE's dividend yield for the trailing twelve months is around 1.88%, more than FNCL's 1.75% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
KCE SPDR S&P Capital Markets ETF | 1.88% | 1.63% | 1.56% | 1.82% | 2.42% | 1.53% | 2.20% | 2.32% | 2.67% | 1.95% | 2.30% | 2.43% |
FNCL Fidelity MSCI Financials Index ETF | 1.75% | 1.45% | 1.52% | 1.91% | 2.29% | 1.75% | 2.26% | 2.17% | 2.37% | 1.60% | 1.81% | 2.17% |
Drawdowns
KCE vs. FNCL - Drawdown Comparison
The maximum KCE drawdown since its inception was -74.00%, which is greater than FNCL's maximum drawdown of -44.38%. Use the drawdown chart below to compare losses from any high point for KCE and FNCL.
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Drawdown Indicators
| KCE | FNCL | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -74.00% | -44.38% | -29.62% |
Max Drawdown (1Y)Largest decline over 1 year | -17.44% | -14.78% | -2.66% |
Max Drawdown (5Y)Largest decline over 5 years | -34.45% | -25.68% | -8.77% |
Max Drawdown (10Y)Largest decline over 10 years | -40.78% | -44.38% | +3.60% |
Current DrawdownCurrent decline from peak | -14.62% | -11.97% | -2.65% |
Average DrawdownAverage peak-to-trough decline | -22.94% | -6.89% | -16.05% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.56% | 4.98% | +1.58% |
Volatility
KCE vs. FNCL - Volatility Comparison
SPDR S&P Capital Markets ETF (KCE) has a higher volatility of 6.28% compared to Fidelity MSCI Financials Index ETF (FNCL) at 4.88%. This indicates that KCE's price experiences larger fluctuations and is considered to be riskier than FNCL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| KCE | FNCL | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.28% | 4.88% | +1.40% |
Volatility (6M)Calculated over the trailing 6-month period | 15.62% | 11.74% | +3.88% |
Volatility (1Y)Calculated over the trailing 1-year period | 25.68% | 19.99% | +5.69% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 22.95% | 19.33% | +3.62% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 23.21% | 22.35% | +0.86% |