KCE vs. IHI
Compare and contrast key facts about SPDR S&P Capital Markets ETF (KCE) and iShares U.S. Medical Devices ETF (IHI).
KCE and IHI 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. IHI is a passively managed fund by iShares that tracks the performance of the Dow Jones U.S. Select Medical Equipment Index. It was launched on May 5, 2006. Both KCE and IHI 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 IHI.
Performance
KCE vs. IHI - Performance Comparison
Returns By Period
In the year-to-date period, KCE achieves a 43.01% return, which is significantly higher than IHI's 11.62% return. Over the past 10 years, KCE has outperformed IHI with an annualized return of 13.89%, while IHI has yielded a comparatively lower 13.12% annualized return.
KCE
43.01%
6.07%
28.26%
65.59%
22.55%
13.89%
IHI
11.62%
-0.40%
6.66%
24.00%
7.57%
13.12%
Key characteristics
| KCE | IHI | |
|---|---|---|
| Sharpe Ratio | 3.73 | 1.63 |
| Sortino Ratio | 4.88 | 2.29 |
| Omega Ratio | 1.65 | 1.28 |
| Calmar Ratio | 4.22 | 0.88 |
| Martin Ratio | 28.60 | 7.42 |
| Ulcer Index | 2.33% | 3.17% |
| Daily Std Dev | 17.92% | 14.46% |
| Max Drawdown | -74.00% | -49.64% |
| Current Drawdown | -1.28% | -9.22% |
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KCE vs. IHI - Expense Ratio Comparison
KCE has a 0.35% expense ratio, which is lower than IHI's 0.43% expense ratio.
Correlation
The correlation between KCE and IHI is 0.65, 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
KCE vs. IHI - 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. Medical Devices ETF (IHI). 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. IHI - Dividend Comparison
KCE's dividend yield for the trailing twelve months is around 1.56%, more than IHI's 0.43% 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% |
IHI iShares U.S. Medical Devices ETF | 0.43% | 0.53% | 0.45% | 0.25% | 0.25% | 0.33% | 0.26% | 0.37% | 0.55% | 1.28% | 0.65% | 0.33% |
Drawdowns
KCE vs. IHI - Drawdown Comparison
The maximum KCE drawdown since its inception was -74.00%, which is greater than IHI's maximum drawdown of -49.64%. Use the drawdown chart below to compare losses from any high point for KCE and IHI. For additional features, visit the drawdowns tool.
Volatility
KCE vs. IHI - Volatility Comparison
SPDR S&P Capital Markets ETF (KCE) has a higher volatility of 8.74% compared to iShares U.S. Medical Devices ETF (IHI) at 3.57%. This indicates that KCE's price experiences larger fluctuations and is considered to be riskier than IHI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.