KIE vs. FBDC
KIE (SPDR S&P Insurance ETF) and FBDC (FT Confluence BDC & Specialty Finance Income ETF) are both Financials Equities funds. KIE is passively managed, while FBDC is actively managed. At a 0.36 correlation, their price movements are largely independent. KIE charges 0.35%/yr vs 1.35%/yr for FBDC.
Performance
KIE vs. FBDC - Performance Comparison
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Returns By Period
In the year-to-date period, KIE achieves a 0.16% return, which is significantly higher than FBDC's -10.74% 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%
FBDC
- 1D
- -0.40%
- 1M
- -1.63%
- YTD
- -10.74%
- 6M
- -9.60%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
KIE vs. FBDC - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
KIE SPDR S&P Insurance ETF | 0.16% | 2.48% |
FBDC FT Confluence BDC & Specialty Finance Income ETF | -10.74% | -2.66% |
Correlation
The correlation between KIE and FBDC is 0.36, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Jun 30, 2025 | 0.36 |
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Return for Risk
KIE vs. FBDC — Risk / Return Rank
KIE
FBDC
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
KIE vs. FBDC - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR S&P Insurance ETF (KIE) and FT Confluence BDC & Specialty Finance Income ETF (FBDC). 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.
| KIE | FBDC | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.03 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 0.18 | — | — |
| Martin ratioReturn relative to average drawdown | 0.43 | — | — |
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Drawdowns
KIE vs. FBDC - Drawdown Comparison
The maximum KIE drawdown since its inception was -75.30%, which is greater than FBDC's maximum drawdown of -20.60%. Use the drawdown chart below to compare losses from any high point for KIE and FBDC.
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Drawdown Indicators
| KIE | FBDC | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -75.30% | -20.60% | -54.70% |
Max Drawdown (1Y)Largest decline over 1 year | -11.81% | — | — |
Max Drawdown (3Y)Largest decline over 3 years | -12.65% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -15.68% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -44.31% | — | — |
Current DrawdownCurrent decline from peak | -1.28% | -18.37% | +17.09% |
Average DrawdownAverage peak-to-trough decline | -12.02% | -10.47% | -1.55% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.92% | — | — |
Volatility
KIE vs. FBDC - Volatility Comparison
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Volatility by Period
| KIE | FBDC | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.81% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 11.85% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 16.39% | 17.96% | -1.57% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.37% | 17.96% | +0.41% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.16% | 17.96% | +3.20% |
KIE vs. FBDC - Expense Ratio Comparison
KIE has a 0.35% expense ratio, which is lower than FBDC's 1.35% expense ratio.
Dividends
KIE vs. FBDC - Dividend Comparison
KIE's dividend yield for the trailing twelve months is around 1.64%, less than FBDC's 11.68% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FBDC FT Confluence BDC & Specialty Finance Income ETF | 11.68% | 5.41% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
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 FBDC have a correlation of 0.36, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, KIE is cheaper at 0.35% per year. The better choice depends on whether you care most about return, fees, risk, or income.
KIE is cheaper with a 0.35% expense ratio, compared with 1.35% for FBDC.
FBDC has the higher dividend yield at 11.68%, compared with 1.64% for KIE.
They also come from different issuers: State Street and First Trust. Their fees differ too: 0.35% for KIE and 1.35% for FBDC.
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