KCE vs. VFH
Compare and contrast key facts about SPDR S&P Capital Markets ETF (KCE) and Vanguard Financials ETF (VFH).
KCE and VFH 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. VFH is a passively managed fund by Vanguard that tracks the performance of the MSCI US Investable Market Financials 25/50 Index. It was launched on Jan 26, 2004. Both KCE and VFH 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. VFH - Performance Comparison
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KCE vs. VFH - 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% |
VFH Vanguard Financials ETF | -9.19% | 14.91% | 30.44% | 14.17% | -12.31% | 35.22% | -1.96% | 31.57% | -13.52% | 19.99% |
Returns By Period
In the year-to-date period, KCE achieves a -8.04% return, which is significantly higher than VFH's -9.19% return. Over the past 10 years, KCE has outperformed VFH with an annualized return of 15.83%, while VFH has yielded a comparatively lower 12.30% 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%
VFH
- 1D
- 0.02%
- 1M
- -3.54%
- YTD
- -9.19%
- 6M
- -6.32%
- 1Y
- 2.78%
- 3Y*
- 17.95%
- 5Y*
- 9.33%
- 10Y*
- 12.30%
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KCE vs. VFH - Expense Ratio Comparison
KCE has a 0.35% expense ratio, which is higher than VFH's 0.10% expense ratio.
Return for Risk
KCE vs. VFH — Risk / Return Rank
KCE
VFH
KCE vs. VFH - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR S&P Capital Markets ETF (KCE) and Vanguard Financials ETF (VFH). 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 | VFH | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.38 | 0.14 | +0.24 |
Sortino ratioReturn per unit of downside risk | 0.69 | 0.32 | +0.37 |
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 | 0.54 | +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 | VFH | 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 | +0.14 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.24 | 0.24 | +0.01 |
Correlation
The correlation between KCE and VFH is 0.88, 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. VFH - Dividend Comparison
KCE's dividend yield for the trailing twelve months is around 1.88%, more than VFH's 1.61% 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% |
VFH Vanguard Financials ETF | 1.61% | 1.55% | 1.75% | 2.08% | 2.31% | 1.87% | 2.21% | 2.17% | 2.30% | 1.53% | 1.63% | 2.00% |
Drawdowns
KCE vs. VFH - Drawdown Comparison
The maximum KCE drawdown since its inception was -74.00%, smaller than the maximum VFH drawdown of -78.61%. Use the drawdown chart below to compare losses from any high point for KCE and VFH.
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Drawdown Indicators
| KCE | VFH | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -74.00% | -78.61% | +4.61% |
Max Drawdown (1Y)Largest decline over 1 year | -17.44% | -14.75% | -2.69% |
Max Drawdown (5Y)Largest decline over 5 years | -34.45% | -25.66% | -8.79% |
Max Drawdown (10Y)Largest decline over 10 years | -40.78% | -44.42% | +3.64% |
Current DrawdownCurrent decline from peak | -14.62% | -11.95% | -2.67% |
Average DrawdownAverage peak-to-trough decline | -22.94% | -18.62% | -4.32% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.56% | 4.99% | +1.57% |
Volatility
KCE vs. VFH - Volatility Comparison
SPDR S&P Capital Markets ETF (KCE) has a higher volatility of 6.28% compared to Vanguard Financials ETF (VFH) at 4.85%. This indicates that KCE's price experiences larger fluctuations and is considered to be riskier than VFH based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| KCE | VFH | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.28% | 4.85% | +1.43% |
Volatility (6M)Calculated over the trailing 6-month period | 15.62% | 11.75% | +3.87% |
Volatility (1Y)Calculated over the trailing 1-year period | 25.68% | 19.93% | +5.75% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 22.95% | 19.37% | +3.58% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 23.21% | 22.55% | +0.66% |