KIE vs. BIL
Compare and contrast key facts about SPDR S&P Insurance ETF (KIE) and SPDR Barclays 1-3 Month T-Bill ETF (BIL).
KIE and BIL are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. KIE is a passively managed fund by State Street that tracks the performance of the S&P Insurance Select Industry Index. It was launched on Nov 8, 2005. BIL is a passively managed fund by State Street that tracks the performance of the Barclays Capital U.S. 1-3 Month Treasury Bill Index. It was launched on May 25, 2007. Both KIE and BIL 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
KIE vs. BIL - Performance Comparison
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KIE vs. BIL - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
KIE SPDR S&P Insurance ETF | -8.09% | 8.12% | 26.95% | 12.18% | 3.48% | 22.75% | -3.04% | 27.19% | -5.99% | 12.83% |
BIL SPDR Barclays 1-3 Month T-Bill ETF | 0.85% | 4.15% | 5.19% | 4.94% | 1.40% | -0.10% | 0.40% | 2.03% | 1.74% | 0.69% |
Returns By Period
In the year-to-date period, KIE achieves a -8.09% return, which is significantly lower than BIL's 0.85% return. Over the past 10 years, KIE has outperformed BIL with an annualized return of 10.95%, while BIL has yielded a comparatively lower 2.12% annualized return.
KIE
- 1D
- 1.08%
- 1M
- -4.90%
- YTD
- -8.09%
- 6M
- -6.32%
- 1Y
- -7.67%
- 3Y*
- 13.63%
- 5Y*
- 10.11%
- 10Y*
- 10.95%
BIL
- 1D
- 0.00%
- 1M
- 0.29%
- YTD
- 0.85%
- 6M
- 1.84%
- 1Y
- 3.99%
- 3Y*
- 4.70%
- 5Y*
- 3.27%
- 10Y*
- 2.12%
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KIE vs. BIL - Expense Ratio Comparison
KIE has a 0.35% expense ratio, which is higher than BIL's 0.14% expense ratio.
Return for Risk
KIE vs. BIL — Risk / Return Rank
KIE
BIL
KIE vs. BIL - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR S&P Insurance ETF (KIE) and SPDR Barclays 1-3 Month T-Bill ETF (BIL). 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.
| KIE | BIL | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | -0.39 | 19.52 | -19.90 |
Sortino ratioReturn per unit of downside risk | -0.41 | 254.04 | -254.45 |
Omega ratioGain probability vs. loss probability | 0.95 | 180.28 | -179.33 |
Calmar ratioReturn relative to maximum drawdown | -0.58 | 365.54 | -366.12 |
Martin ratioReturn relative to average drawdown | -1.36 | 4,104.04 | -4,105.40 |
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
| KIE | BIL | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.39 | 19.52 | -19.90 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.56 | 12.54 | -11.99 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.52 | 8.22 | -7.70 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.29 | 2.72 | -2.43 |
Correlation
The correlation between KIE and BIL is -0.03. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.
Dividends
KIE vs. BIL - Dividend Comparison
KIE's dividend yield for the trailing twelve months is around 1.68%, less than BIL's 4.01% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
KIE SPDR S&P Insurance ETF | 1.68% | 1.57% | 1.48% | 1.45% | 1.90% | 1.95% | 1.85% | 1.76% | 1.83% | 1.56% | 1.55% | 1.65% |
BIL SPDR Barclays 1-3 Month T-Bill ETF | 4.01% | 4.13% | 5.03% | 4.92% | 1.35% | 0.00% | 0.30% | 2.05% | 1.66% | 0.68% | 0.07% | 0.00% |
Drawdowns
KIE vs. BIL - Drawdown Comparison
The maximum KIE drawdown since its inception was -75.30%, which is greater than BIL's maximum drawdown of -0.78%. Use the drawdown chart below to compare losses from any high point for KIE and BIL.
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Drawdown Indicators
| KIE | BIL | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -75.30% | -0.78% | -74.52% |
Max Drawdown (1Y)Largest decline over 1 year | -12.25% | -0.01% | -12.24% |
Max Drawdown (5Y)Largest decline over 5 years | -15.68% | -0.12% | -15.56% |
Max Drawdown (10Y)Largest decline over 10 years | -44.31% | -0.21% | -44.10% |
Current DrawdownCurrent decline from peak | -9.42% | 0.00% | -9.42% |
Average DrawdownAverage peak-to-trough decline | -12.09% | -0.26% | -11.83% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.23% | 0.00% | +5.23% |
Volatility
KIE vs. BIL - Volatility Comparison
SPDR S&P Insurance ETF (KIE) has a higher volatility of 4.78% compared to SPDR Barclays 1-3 Month T-Bill ETF (BIL) at 0.05%. This indicates that KIE's price experiences larger fluctuations and is considered to be riskier than BIL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| KIE | BIL | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.78% | 0.05% | +4.73% |
Volatility (6M)Calculated over the trailing 6-month period | 11.49% | 0.14% | +11.35% |
Volatility (1Y)Calculated over the trailing 1-year period | 19.78% | 0.21% | +19.57% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.31% | 0.26% | +18.05% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.15% | 0.26% | +20.89% |