KCE vs. XLFI

Last updated Jul 15, 2026

KCE (SPDR S&P Capital Markets ETF) and XLFI (State Street Financial Select Sector SPDR Premium Income ETF) are both exchange-traded funds - KCE is a Financials Equities fund tracking the S&P Capital Markets Select Industry Index, while XLFI is a Derivative Income fund actively managed by State Street. KCE is passively managed, while XLFI is actively managed. A 0.74 correlation means they provide meaningful diversification when combined. Both charge a 0.35% expense ratio.

Performance

KCE vs. XLFI - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in SPDR S&P Capital Markets ETF (KCE) and State Street Financial Select Sector SPDR Premium Income ETF (XLFI). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, KCE achieves a 6.20% return, which is significantly higher than XLFI's 1.85% return.

KCE

• 1D: 1.45%
• 1M: 2.45%
• 6M: 1.91%
• YTD: 6.20%
• 1Y: 6.09%
• 3Y*: 23.16%
• 5Y*: 13.37%
• 10Y*: 17.66%

XLFI

• 1D: 0.45%
• 1M: 3.48%
• 6M: 0.88%
• YTD: 1.85%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

KCE vs. XLFI - Yearly Performance Comparison

	2026 (YTD)	2025
KCE SPDR S&P Capital Markets ETF	6.20%	-2.16%
XLFI State Street Financial Select Sector SPDR Premium Income ETF	1.85%	5.40%

Correlation

The correlation between KCE and XLFI is 0.74, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (All Time) Calculated using the full available price history since Jul 30, 2025	0.74

KCE vs. XLFI - Sectors Allocation Comparison

Sectors	KCE	XLFI
Financial Services	98.8%	99.9%
Technology	1.2%	-
Basic Materials	-	-
Communication Services	-	-
Consumer Cyclical	-	-
Consumer Defensive	-	-
Energy	-	-
Healthcare	-	-
Industrials	-	-
Real Estate	-	-
Utilities	-	-

Return for Risk

KCE vs. XLFI — Risk / Return Rank

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

KCE

KCE Risk / Return Rank: 14
KCE Sharpe Ratio Rank: 15
KCE Sortino Ratio Rank: 14
KCE Omega Ratio Rank: 14
KCE Calmar Ratio Rank: 14
KCE Martin Ratio Rank: 14

XLFI

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

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. XLFI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for SPDR S&P Capital Markets ETF (KCE) and State Street Financial Select Sector SPDR Premium Income ETF (XLFI). 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	XLFI	Difference
Sharpe ratio: Return per unit of total volatility	0.30	—	—
Sortino ratio: Return per unit of downside risk	0.55	—	—
Omega ratio: Gain probability vs. loss probability	1.07	—	—
Calmar ratio: Return relative to maximum drawdown	0.35	—	—
Martin ratio: Return relative to average drawdown	0.89	—	—

Drawdowns

KCE vs. XLFI - Drawdown Comparison

The maximum KCE drawdown since its inception was -74.00%, which is greater than XLFI's maximum drawdown of -11.89%. Use the drawdown chart below to compare losses from any high point for KCE and XLFI.

Drawdown Indicators

	KCE	XLFI	Difference
Max Drawdown Largest peak-to-trough decline	-74.00%	-11.89%	-62.11%
Max Drawdown (1Y) Largest decline over 1 year	-17.44%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-26.31%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-34.45%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-40.78%	—	—
Current Drawdown Current decline from peak	-1.40%	0.00%	-1.40%
Average Drawdown Average peak-to-trough decline	-22.71%	-3.17%	-19.54%
Ulcer Index Depth and duration of drawdowns from previous peaks	6.83%	—	—

Volatility

Volatility by Period

	KCE	XLFI	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.61%	—	—
Volatility (6M) Calculated over the trailing 6-month period	15.79%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	20.49%	12.02%	+8.47%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	23.13%	12.02%	+11.11%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	22.85%	12.02%	+10.83%

KCE vs. XLFI - Expense Ratio Comparison

Both KCE and XLFI have an expense ratio of 0.35%.

Dividends

KCE vs. XLFI - Dividend Comparison

KCE's dividend yield for the trailing twelve months is around 1.70%, less than XLFI's 11.44% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
KCE SPDR S&P Capital Markets ETF	1.70%	1.63%	1.56%	1.82%	2.42%	1.53%	2.20%	2.32%	2.67%	1.95%	2.30%	2.43%
XLFI State Street Financial Select Sector SPDR Premium Income ETF	11.44%	5.57%	0.00%	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 XLFI in my portfolio?

KCE and XLFI have a correlation of 0.74, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, KCE or XLFI?

Both ETFs have the same 0.35% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, KCE or XLFI?

KCE and XLFI have the same expense ratio: 0.35% per year.

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

XLFI has the higher dividend yield at 11.44%, compared with 1.70% for KCE.

What is the main difference between KCE and XLFI?

KCE is categorized as Financials Equities, while XLFI is Derivative Income.