KIE vs. FLOT
Compare and contrast key facts about SPDR S&P Insurance ETF (KIE) and iShares Floating Rate Bond ETF (FLOT).
KIE and FLOT 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. FLOT is a passively managed fund by iShares that tracks the performance of the Bloomberg US Floating Rate Notes (<5 Y). It was launched on Jun 14, 2011. Both KIE and FLOT 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: KIE or FLOT.
Key characteristics
| KIE | FLOT | |
|---|---|---|
| YTD Return | 31.00% | 5.72% |
| 1Y Return | 38.22% | 6.69% |
| 3Y Return (Ann) | 14.96% | 4.45% |
| 5Y Return (Ann) | 12.91% | 3.00% |
| 10Y Return (Ann) | 12.40% | 2.33% |
| Sharpe Ratio | 2.61 | 8.22 |
| Sortino Ratio | 3.44 | 15.08 |
| Omega Ratio | 1.45 | 4.62 |
| Calmar Ratio | 4.53 | 15.07 |
| Martin Ratio | 14.66 | 162.97 |
| Ulcer Index | 2.58% | 0.04% |
| Daily Std Dev | 14.51% | 0.81% |
| Max Drawdown | -75.30% | -13.54% |
| Current Drawdown | -0.09% | 0.00% |
Correlation
The correlation between KIE and FLOT is 0.08, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Performance
KIE vs. FLOT - Performance Comparison
In the year-to-date period, KIE achieves a 31.00% return, which is significantly higher than FLOT's 5.72% return. Over the past 10 years, KIE has outperformed FLOT with an annualized return of 12.40%, while FLOT has yielded a comparatively lower 2.33% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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KIE vs. FLOT - Expense Ratio Comparison
KIE has a 0.35% expense ratio, which is higher than FLOT's 0.20% expense ratio.
Risk-Adjusted Performance
KIE vs. FLOT - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR S&P Insurance ETF (KIE) and iShares Floating Rate Bond ETF (FLOT). 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
KIE vs. FLOT - Dividend Comparison
KIE's dividend yield for the trailing twelve months is around 1.29%, less than FLOT's 5.92% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
KIE SPDR S&P Insurance ETF | 1.29% | 1.45% | 1.90% | 1.95% | 1.85% | 1.76% | 1.83% | 1.56% | 1.55% | 1.65% | 1.81% | 1.38% |
FLOT iShares Floating Rate Bond ETF | 5.92% | 5.66% | 2.06% | 0.43% | 1.25% | 2.78% | 2.41% | 1.45% | 0.97% | 0.53% | 0.44% | 0.48% |
Drawdowns
KIE vs. FLOT - Drawdown Comparison
The maximum KIE drawdown since its inception was -75.30%, which is greater than FLOT's maximum drawdown of -13.54%. Use the drawdown chart below to compare losses from any high point for KIE and FLOT. For additional features, visit the drawdowns tool.
Volatility
KIE vs. FLOT - Volatility Comparison
SPDR S&P Insurance ETF (KIE) has a higher volatility of 6.12% compared to iShares Floating Rate Bond ETF (FLOT) at 0.41%. This indicates that KIE's price experiences larger fluctuations and is considered to be riskier than FLOT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.