KCE vs. WUGI

Last updated Jun 13, 2026

KCE (SPDR S&P Capital Markets ETF) and WUGI (Esoterica NextG Economy ETF) are both exchange-traded funds - KCE is a Financials Equities fund tracking the S&P Capital Markets Select Industry Index, while WUGI is a Large Cap Growth Equities fund actively managed by Esoterica. KCE is passively managed, while WUGI is actively managed. Over the past 5 years, KCE returned 12.87%/yr vs 16.13%/yr for WUGI. A 0.59 correlation means they provide meaningful diversification when combined. KCE charges 0.35%/yr vs 0.75%/yr for WUGI.

Performance

KCE vs. WUGI - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in SPDR S&P Capital Markets ETF (KCE) and Esoterica NextG Economy ETF (WUGI). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, KCE achieves a 3.66% return, which is significantly lower than WUGI's 23.35% return.

KCE

• 1D: 1.60%
• 1M: 1.26%
• YTD: 3.66%
• 6M: 2.73%
• 1Y: 14.27%
• 3Y*: 24.58%
• 5Y*: 12.87%
• 10Y*: 17.65%

WUGI

• 1D: 1.10%
• 1M: 5.98%
• YTD: 23.35%
• 6M: 25.24%
• 1Y: 38.78%
• 3Y*: 33.73%
• 5Y*: 16.13%
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

KCE vs. WUGI - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020
KCE SPDR S&P Capital Markets ETF	3.66%	10.76%	37.51%	32.04%	-22.14%	40.05%	66.05%
WUGI Esoterica NextG Economy ETF	23.35%	22.66%	47.14%	61.30%	-49.55%	25.18%	97.36%

Correlation

The correlation between KCE and WUGI is 0.49, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.49
Correlation (3Y) Calculated over the trailing 3-year period	0.51
Correlation (5Y) Calculated over the trailing 5-year period	0.63
Correlation (All Time) Calculated using the full available price history since Mar 31, 2020	0.59

The correlation between KCE and WUGI shifts across timeframes, from 0.49 (1 year) to 0.63 (5 years), reflecting how their relationship changes across market environments.

KCE vs. WUGI - Sectors Allocation Comparison

Sectors	KCE	WUGI
Financial Services	98.5%	1.8%
Technology	1.5%	70.5%
Basic Materials	-	0.0%
Communication Services	-	12.1%
Consumer Cyclical	-	6.3%
Consumer Defensive	-	0.1%
Energy	-	0.0%
Healthcare	-	0.2%
Industrials	-	9.3%
Real Estate	-	0.1%
Utilities	-	-

Return for Risk

KCE vs. WUGI — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

KCE

KCE Risk / Return Rank: 22
KCE Sharpe Ratio Rank: 23
KCE Sortino Ratio Rank: 22
KCE Omega Ratio Rank: 22
KCE Calmar Ratio Rank: 21
KCE Martin Ratio Rank: 20

WUGI

WUGI Risk / Return Rank: 49
WUGI Sharpe Ratio Rank: 51
WUGI Sortino Ratio Rank: 47
WUGI Omega Ratio Rank: 49
WUGI Calmar Ratio Rank: 49
WUGI Martin Ratio Rank: 47

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

KCE vs. WUGI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for SPDR S&P Capital Markets ETF (KCE) and Esoterica NextG Economy ETF (WUGI). 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	WUGI	Difference
Sharpe ratio: Return per unit of total volatility	0.71	1.54	-0.82
Sortino ratio: Return per unit of downside risk	1.08	2.08	-1.00
Omega ratio: Gain probability vs. loss probability	1.13	1.28	-0.14
Calmar ratio: Return relative to maximum drawdown	0.82	2.17	-1.34
Martin ratio: Return relative to average drawdown	2.14	7.02	-4.88

KCE vs. WUGI - Sharpe Ratio Comparison

The current KCE Sharpe Ratio is 0.71, which is lower than the WUGI Sharpe Ratio of 1.54. The chart below compares the historical Sharpe Ratios of KCE and WUGI, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

KCE vs. WUGI - Drawdown Comparison

The maximum KCE drawdown since its inception was -74.00%, which is greater than WUGI's maximum drawdown of -56.41%. Use the drawdown chart below to compare losses from any high point for KCE and WUGI.

Drawdown Indicators

	KCE	WUGI	Difference
Max Drawdown Largest peak-to-trough decline	-74.00%	-56.41%	-17.59%
Max Drawdown (1Y) Largest decline over 1 year	-17.44%	-17.99%	+0.55%
Max Drawdown (3Y) Largest decline over 3 years	-26.31%	-27.49%	+1.18%
Max Drawdown (5Y) Largest decline over 5 years	-34.45%	-56.41%	+21.96%
Max Drawdown (10Y) Largest decline over 10 years	-40.78%	—	—
Current Drawdown Current decline from peak	-3.75%	-3.98%	+0.23%
Average Drawdown Average peak-to-trough decline	-22.78%	-16.61%	-6.17%
Ulcer Index Depth and duration of drawdowns from previous peaks	6.70%	5.54%	+1.16%

Volatility

KCE vs. WUGI - Volatility Comparison

The current volatility for SPDR S&P Capital Markets ETF (KCE) is 6.04%, while Esoterica NextG Economy ETF (WUGI) has a volatility of 13.03%. This indicates that KCE experiences smaller price fluctuations and is considered to be less risky than WUGI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	KCE	WUGI	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.04%	13.03%	-6.99%
Volatility (6M) Calculated over the trailing 6-month period	15.31%	22.14%	-6.83%
Volatility (1Y) Calculated over the trailing 1-year period	20.12%	25.36%	-5.24%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	23.08%	31.07%	-7.99%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	23.10%	31.09%	-7.99%

KCE vs. WUGI - Expense Ratio Comparison

KCE has a 0.35% expense ratio, which is lower than WUGI's 0.75% expense ratio.

Dividends

KCE vs. WUGI - Dividend Comparison

KCE's dividend yield for the trailing twelve months is around 1.67%, less than WUGI's 18.51% yield.

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%
WUGI Esoterica NextG Economy ETF	18.51%	22.83%	4.09%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both KCE and WUGI in my portfolio?

KCE and WUGI have a correlation of 0.49, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, KCE or WUGI?

WUGI has higher volatility (13.03%) compared to KCE (6.04%). In terms of maximum drawdown, KCE dropped -74.00% vs WUGI's -56.41%.

Which ETF is better, KCE or WUGI?

On 5-year performance, WUGI leads with 16.13% vs 12.87% for KCE. On fees, KCE is cheaper at 0.35% per year. On volatility, KCE has been the lower-risk option at 6.04%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, KCE or WUGI?

Over the 5-year period, WUGI has performed better with a 16.13% return vs 12.87%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, KCE or WUGI?

KCE is cheaper with a 0.35% expense ratio, compared with 0.75% for WUGI.

Which ETF pays a higher dividend yield, KCE or WUGI?

WUGI has the higher dividend yield at 18.51%, compared with 1.67% for KCE.

What is the main difference between KCE and WUGI?

KCE is categorized as Financials Equities, while WUGI is Large Cap Growth Equities. They also come from different issuers: State Street and Esoterica. Their fees differ too: 0.35% for KCE and 0.75% for WUGI.

Which has better risk-adjusted returns?

WUGI currently has the higher Sharpe Ratio (1.54 vs 0.71), 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.