KCE vs. XLF
Compare and contrast key facts about SPDR S&P Capital Markets ETF (KCE) and Financial Select Sector SPDR Fund (XLF).
KCE and XLF 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. XLF is a passively managed fund by State Street that tracks the performance of the Financial Select Sector Index. It was launched on Dec 16, 1998. Both KCE and XLF 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 XLF.
Performance
KCE vs. XLF - Performance Comparison
Returns By Period
In the year-to-date period, KCE achieves a 43.01% return, which is significantly higher than XLF's 34.55% return. Over the past 10 years, KCE has outperformed XLF with an annualized return of 13.89%, while XLF has yielded a comparatively lower 11.95% annualized return.
KCE
43.01%
6.07%
28.26%
65.59%
22.55%
13.89%
XLF
34.55%
5.04%
20.26%
45.22%
13.23%
11.95%
Key characteristics
| KCE | XLF | |
|---|---|---|
| Sharpe Ratio | 3.73 | 3.34 |
| Sortino Ratio | 4.88 | 4.70 |
| Omega Ratio | 1.65 | 1.61 |
| Calmar Ratio | 4.22 | 3.68 |
| Martin Ratio | 28.60 | 23.82 |
| Ulcer Index | 2.33% | 1.93% |
| Daily Std Dev | 17.92% | 13.77% |
| Max Drawdown | -74.00% | -82.69% |
| Current Drawdown | -1.28% | 0.00% |
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KCE vs. XLF - Expense Ratio Comparison
KCE has a 0.35% expense ratio, which is higher than XLF's 0.13% expense ratio.
Correlation
The correlation between KCE and XLF is 0.87, 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. XLF - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR S&P Capital Markets ETF (KCE) and Financial Select Sector SPDR Fund (XLF). 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. XLF - Dividend Comparison
KCE's dividend yield for the trailing twelve months is around 1.56%, more than XLF's 1.33% 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% |
XLF Financial Select Sector SPDR Fund | 1.33% | 1.71% | 2.04% | 1.63% | 2.03% | 1.86% | 2.09% | 1.48% | 1.63% | 1.95% | 1.61% | 1.47% |
Drawdowns
KCE vs. XLF - Drawdown Comparison
The maximum KCE drawdown since its inception was -74.00%, smaller than the maximum XLF drawdown of -82.69%. Use the drawdown chart below to compare losses from any high point for KCE and XLF. For additional features, visit the drawdowns tool.
Volatility
KCE vs. XLF - Volatility Comparison
SPDR S&P Capital Markets ETF (KCE) has a higher volatility of 8.74% compared to Financial Select Sector SPDR Fund (XLF) at 7.04%. This indicates that KCE's price experiences larger fluctuations and is considered to be riskier than XLF based on this measure. The chart below showcases a comparison of their rolling one-month volatility.