KCE vs. RDW
KCE (SPDR S&P Capital Markets ETF) is Financials Equities fund tracking the S&P Capital Markets Select Industry Index, while RDW (Redwire Corporation) is a stock. Over the past 3 years, KCE returned 24.58%/yr vs 79.83%/yr for RDW. At a 0.45 correlation, their price movements are largely independent.
Performance
KCE vs. RDW - Performance Comparison
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Returns By Period
In the year-to-date period, KCE achieves a 3.66% return, which is significantly lower than RDW's 98.95% return.
KCE
- 1D
- 1.60%
- 1M
- 0.31%
- YTD
- 3.66%
- 6M
- 2.73%
- 1Y
- 16.75%
- 3Y*
- 24.58%
- 5Y*
- 12.87%
- 10Y*
- 17.65%
RDW
- 1D
- -11.53%
- 1M
- 8.08%
- YTD
- 98.95%
- 6M
- 107.41%
- 1Y
- -20.75%
- 3Y*
- 79.83%
- 5Y*
- —
- 10Y*
- —
KCE vs. RDW - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
KCE SPDR S&P Capital Markets ETF | 3.66% | 10.76% | 37.51% | 32.04% | -22.14% | 4.72% |
RDW Redwire Corporation | 98.95% | -53.83% | 477.54% | 43.94% | -70.67% | -34.15% |
Correlation
The correlation between KCE and RDW is 0.43, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.43 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.45 |
Correlation (All Time) Calculated using the full available price history since Sep 2, 2021 | 0.45 |
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Return for Risk
KCE vs. RDW — Risk / Return Rank
KCE
RDW
KCE vs. RDW - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR S&P Capital Markets ETF (KCE) and Redwire Corporation (RDW). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| KCE | RDW | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.90 | ||
| Sortino ratioReturn per unit of downside risk | +0.50 | ||
| Omega ratioGain probability vs. loss probability | 1.13 | 1.07 | +0.06 |
| Calmar ratioReturn relative to maximum drawdown | 0.82 | -0.29 | +1.11 |
| Martin ratioReturn relative to average drawdown | 2.14 | -0.42 | +2.56 |
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Drawdowns
KCE vs. RDW - Drawdown Comparison
The maximum KCE drawdown since its inception was -74.00%, smaller than the maximum RDW drawdown of -87.26%. Use the drawdown chart below to compare losses from any high point for KCE and RDW.
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Drawdown Indicators
| KCE | RDW | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -74.00% | -87.26% | +13.26% |
Max Drawdown (1Y)Largest decline over 1 year | -17.44% | -75.40% | +57.96% |
Max Drawdown (3Y)Largest decline over 3 years | -26.31% | -80.28% | +53.97% |
Max Drawdown (5Y)Largest decline over 5 years | -34.45% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -40.78% | — | — |
Current DrawdownCurrent decline from peak | -3.75% | -41.62% | +37.87% |
Average DrawdownAverage peak-to-trough decline | -22.78% | -59.30% | +36.52% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.70% | 51.88% | -45.18% |
Volatility
KCE vs. RDW - Volatility Comparison
The current volatility for SPDR S&P Capital Markets ETF (KCE) is 6.04%, while Redwire Corporation (RDW) has a volatility of 53.68%. This indicates that KCE experiences smaller price fluctuations and is considered to be less risky than RDW based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| KCE | RDW | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.04% | 53.68% | -47.64% |
Volatility (6M)Calculated over the trailing 6-month period | 15.31% | 94.49% | -79.18% |
Volatility (1Y)Calculated over the trailing 1-year period | 20.12% | 118.63% | -98.51% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 23.08% | 96.83% | -73.75% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 23.10% | 96.83% | -73.73% |
Dividends
KCE vs. RDW - Dividend Comparison
KCE's dividend yield for the trailing twelve months is around 1.67%, while RDW has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
KCE SPDR S&P Capital Markets ETF | 1.67% | 1.63% | 1.56% | 1.82% | 2.42% | 1.53% | 2.20% | 2.32% | 2.67% | 1.95% | 2.30% | 2.43% |
RDW Redwire Corporation | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
KCE and RDW have a correlation of 0.43, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
RDW has higher volatility (53.68%) compared to KCE (6.04%). In terms of maximum drawdown, KCE dropped -74.00% vs RDW's -87.26%.
KCE currently has the higher Sharpe Ratio (0.71 vs -0.18), 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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