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KIE vs. EUFN
Performance
Return for Risk
Drawdowns
Volatility
Dividends

KIE vs. EUFN

Last updated Jun 25, 2026

KIE (SPDR S&P Insurance ETF) and EUFN (iShares MSCI Europe Financials ETF) are both Financials Equities funds - KIE tracks the S&P Insurance Select Industry Index while EUFN tracks the MSCI Europe Financials Index (Net). Both are passively managed. Over the past 10 years, KIE returned 12.08%/yr vs 14.06%/yr for EUFN. A 0.63 correlation means they provide meaningful diversification when combined. KIE charges 0.35%/yr vs 0.49%/yr for EUFN.

Performance

KIE vs. EUFN - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in SPDR S&P Insurance ETF (KIE) and iShares MSCI Europe Financials ETF (EUFN). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, KIE achieves a 0.16% return, which is significantly lower than EUFN's 6.15% return. Over the past 10 years, KIE has underperformed EUFN with an annualized return of 12.08%, while EUFN has yielded a comparatively higher 14.06% annualized return.

KIE

1D
0.17%
1M
4.05%
YTD
0.16%
6M
-1.28%
1Y
2.10%
3Y*
16.62%
5Y*
10.76%
10Y*
12.08%

EUFN

1D
-1.24%
1M
3.18%
YTD
6.15%
6M
5.56%
1Y
28.12%
3Y*
33.34%
5Y*
19.23%
10Y*
14.06%
*Multi-year figures are annualized to reflect compound growth (CAGR)

KIE vs. EUFN - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
KIE
SPDR S&P Insurance ETF		0.16%8.12%26.95%12.18%3.48%22.75%-3.04%27.19%-5.99%12.83%
EUFN
iShares MSCI Europe Financials ETF		6.15%65.73%17.20%26.15%-8.78%19.13%-8.55%20.73%-23.14%26.94%

Correlation

The correlation between KIE and EUFN is 0.32, which is low. Their price movements are largely independent, making them effective diversification partners.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.32

Correlation (3Y)
Calculated over the trailing 3-year period

0.42

Correlation (5Y)
Calculated over the trailing 5-year period

0.55

Correlation (10Y)
Calculated over the trailing 10-year period

0.60

Correlation (All Time)
Calculated using the full available price history since Feb 3, 2010

0.63

Over the past year, the correlation between KIE and EUFN has dropped to 0.32 - well below their long-term average of 0.63, suggesting their price drivers have been diverging.

KIE vs. EUFN - Sectors Allocation Comparison

Sectors
KIE
EUFN

Financial Services

96.9%
97.8%

Healthcare

3.1%

-

Basic Materials

-

-

Communication Services

-

-

Consumer Cyclical

-

0.2%

Consumer Defensive

-

-

Energy

-

-

Industrials

-

0.4%

Real Estate

-

-

Technology

-

1.0%

Utilities

-

-

Financial Services

KIE
96.9%
EUFN
97.8%

Healthcare

KIE
3.1%
EUFN

-

Basic Materials

KIE

-

EUFN

-

Communication Services

KIE

-

EUFN

-

Consumer Cyclical

KIE

-

EUFN
0.2%

Consumer Defensive

KIE

-

EUFN

-

Energy

KIE

-

EUFN

-

Industrials

KIE

-

EUFN
0.4%

Real Estate

KIE

-

EUFN

-

Technology

KIE

-

EUFN
1.0%

Utilities

KIE

-

EUFN

-

Compare stocks, funds, or ETFs

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SPDR S&P Insurance ETF

iShares MSCI Europe Financials ETF

Often compared with KIE:
KIE vs. IAKKIE vs. KBWPKIE vs. XLFKIE vs. IAIKIE vs. RNRKIE vs. PAVEKIE vs. JQUA
Often compared with EUFN:
EUFN vs. FDDEUFN vs. XLFEUFN vs. SPYEUFN vs. GSIBEUFN vs. EURLEUFN vs. EIRLEUFN vs. IEUR

Return for Risk

KIE vs. EUFN — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
KIE
KIE Risk / Return Rank: 1010
Overall Rank
KIE Sharpe Ratio Rank: 1010
Sharpe Ratio Rank
KIE Sortino Ratio Rank: 1010
Sortino Ratio Rank
KIE Omega Ratio Rank: 1010
Omega Ratio Rank
KIE Calmar Ratio Rank: 1111
Calmar Ratio Rank
KIE Martin Ratio Rank: 1111
Martin Ratio Rank
EUFN
EUFN Risk / Return Rank: 4343
Overall Rank
EUFN Sharpe Ratio Rank: 4444
Sharpe Ratio Rank
EUFN Sortino Ratio Rank: 4545
Sortino Ratio Rank
EUFN Omega Ratio Rank: 4141
Omega Ratio Rank
EUFN Calmar Ratio Rank: 4242
Calmar Ratio Rank
EUFN Martin Ratio Rank: 4444
Martin Ratio Rank
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.

KIE vs. EUFN - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for SPDR S&P Insurance ETF (KIE) and iShares MSCI Europe Financials ETF (EUFN). 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.

KIEEUFNDifference
Sharpe ratioReturn per unit of total volatility
0.13
1.42

-1.29

Sortino ratioReturn per unit of downside risk
0.29
2.06

-1.77

Omega ratioGain probability vs. loss probability

1.03

1.25

-0.21

Calmar ratioReturn relative to maximum drawdown

0.18

1.91

-1.73

Martin ratioReturn relative to average drawdown

0.43

6.68

-6.26

KIE vs. EUFN - Sharpe Ratio Comparison

The current KIE Sharpe Ratio is 0.13, which is lower than the EUFN Sharpe Ratio of 1.42. The chart below compares the historical Sharpe Ratios of KIE and EUFN, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Drawdowns

KIE vs. EUFN - Drawdown Comparison

The maximum KIE drawdown since its inception was -75.30%, which is greater than EUFN's maximum drawdown of -53.25%. Use the drawdown chart below to compare losses from any high point for KIE and EUFN.

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Drawdown Indicators

KIEEUFNDifference

Max Drawdown

Largest peak-to-trough decline

-75.30%

-53.25%

-22.05%

Max Drawdown (1Y)

Largest decline over 1 year

-11.81%

-14.77%

+2.96%

Max Drawdown (3Y)

Largest decline over 3 years

-12.65%

-15.95%

+3.30%

Max Drawdown (5Y)

Largest decline over 5 years

-15.68%

-35.15%

+19.47%

Max Drawdown (10Y)

Largest decline over 10 years

-44.31%

-53.25%

+8.94%

Current Drawdown

Current decline from peak

-1.28%

-2.25%

+0.97%

Average Drawdown

Average peak-to-trough decline

-12.02%

-14.51%

+2.49%

Ulcer Index

Depth and duration of drawdowns from previous peaks

4.92%

4.22%

+0.70%

Volatility

KIE vs. EUFN - Volatility Comparison

The current volatility for SPDR S&P Insurance ETF (KIE) is 5.81%, while iShares MSCI Europe Financials ETF (EUFN) has a volatility of 6.32%. This indicates that KIE experiences smaller price fluctuations and is considered to be less risky than EUFN based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

KIEEUFNDifference

Volatility (1M)

Calculated over the trailing 1-month period

5.81%

6.32%

-0.51%

Volatility (6M)

Calculated over the trailing 6-month period

11.85%

17.13%

-5.28%

Volatility (1Y)

Calculated over the trailing 1-year period

16.39%

20.06%

-3.67%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

18.37%

21.86%

-3.49%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

21.16%

23.88%

-2.72%

KIE vs. EUFN - Expense Ratio Comparison

KIE has a 0.35% expense ratio, which is lower than EUFN's 0.49% expense ratio.

Dividends

KIE vs. EUFN - Dividend Comparison

KIE's dividend yield for the trailing twelve months is around 1.64%, less than EUFN's 4.32% yield.

PositionTTM20252024202320222021202020192018201720162015
EUFN
iShares MSCI Europe Financials ETF		4.32%3.57%5.36%5.00%4.24%4.15%1.38%4.55%6.48%3.04%4.03%3.65%
KIE
SPDR S&P Insurance ETF		1.64%1.57%1.48%1.45%1.90%1.95%1.85%1.76%1.83%1.56%1.55%1.65%

Frequently Asked Questions

KIE and EUFN have a correlation of 0.32, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

EUFN has higher volatility (6.32%) compared to KIE (5.81%). In terms of maximum drawdown, KIE dropped -75.30% vs EUFN's -53.25%.

On 10-year performance, EUFN leads with 14.06% vs 12.08% for KIE. On fees, KIE is cheaper at 0.35% per year. On volatility, KIE has been the lower-risk option at 5.81%. The better choice depends on whether you care most about return, fees, risk, or income.

Over the 10-year period, EUFN has performed better with a 14.06% return vs 12.08%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

KIE is cheaper with a 0.35% expense ratio, compared with 0.49% for EUFN.

EUFN has the higher dividend yield at 4.32%, compared with 1.64% for KIE.

KIE tracks S&P Insurance Select Industry Index, while EUFN tracks MSCI Europe Financials Index (Net). They also come from different issuers: State Street and iShares. Their fees differ too: 0.35% for KIE and 0.49% for EUFN.

EUFN currently has the higher Sharpe Ratio (1.42 vs 0.13), 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.

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