KCE vs. IAI
Compare and contrast key facts about SPDR S&P Capital Markets ETF (KCE) and iShares U.S. Broker-Dealers & Securities Exchanges ETF (IAI).
KCE and IAI 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. IAI is a passively managed fund by iShares that tracks the performance of the DJ US Select / Investment Services. It was launched on May 1, 2006. Both KCE and IAI 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: KCE or IAI.
Performance
KCE vs. IAI - Performance Comparison
Returns By Period
In the year-to-date period, KCE achieves a 43.01% return, which is significantly higher than IAI's 39.54% return. Over the past 10 years, KCE has underperformed IAI with an annualized return of 13.89%, while IAI has yielded a comparatively higher 16.01% annualized return.
KCE
43.01%
6.07%
28.26%
65.59%
22.55%
13.89%
IAI
39.54%
8.38%
26.25%
58.75%
19.57%
16.01%
Key characteristics
| KCE | IAI | |
|---|---|---|
| Sharpe Ratio | 3.73 | 3.62 |
| Sortino Ratio | 4.88 | 5.03 |
| Omega Ratio | 1.65 | 1.66 |
| Calmar Ratio | 4.22 | 4.29 |
| Martin Ratio | 28.60 | 28.08 |
| Ulcer Index | 2.33% | 2.13% |
| Daily Std Dev | 17.92% | 16.51% |
| Max Drawdown | -74.00% | -75.33% |
| Current Drawdown | -1.28% | -0.29% |
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KCE vs. IAI - Expense Ratio Comparison
KCE has a 0.35% expense ratio, which is lower than IAI's 0.41% expense ratio.
Correlation
The correlation between KCE and IAI is 0.94, 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
KCE vs. IAI - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR S&P Capital Markets ETF (KCE) and iShares U.S. Broker-Dealers & Securities Exchanges ETF (IAI). 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
KCE vs. IAI - Dividend Comparison
KCE's dividend yield for the trailing twelve months is around 1.56%, more than IAI's 1.01% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
KCE SPDR S&P Capital Markets ETF | 1.56% | 1.82% | 2.42% | 1.53% | 2.20% | 2.32% | 2.67% | 1.95% | 2.30% | 2.43% | 1.59% | 1.73% |
IAI iShares U.S. Broker-Dealers & Securities Exchanges ETF | 1.01% | 1.80% | 2.14% | 1.31% | 1.55% | 1.52% | 1.58% | 1.37% | 1.48% | 1.31% | 1.13% | 1.13% |
Drawdowns
KCE vs. IAI - Drawdown Comparison
The maximum KCE drawdown since its inception was -74.00%, roughly equal to the maximum IAI drawdown of -75.33%. Use the drawdown chart below to compare losses from any high point for KCE and IAI. For additional features, visit the drawdowns tool.
Volatility
KCE vs. IAI - Volatility Comparison
SPDR S&P Capital Markets ETF (KCE) and iShares U.S. Broker-Dealers & Securities Exchanges ETF (IAI) have volatilities of 8.74% and 8.95%, 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.