KIE vs. FLOT
KIE (SPDR S&P Insurance ETF) and FLOT (iShares Floating Rate Bond ETF) are both exchange-traded funds - KIE is a Financials Equities fund tracking the S&P Insurance Select Industry Index, while FLOT is a Ultrashort Bond fund tracking the Bloomberg US Floating Rate Note < 5 Years Index. Both are passively managed. Over the past 10 years, KIE returned 12.08%/yr vs 3.05%/yr for FLOT. At a 0.10 correlation, their price movements are largely independent. KIE charges 0.35%/yr vs 0.15%/yr for FLOT.
Performance
KIE vs. FLOT - Performance Comparison
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Returns By Period
In the year-to-date period, KIE achieves a 0.16% return, which is significantly lower than FLOT's 2.05% return. Over the past 10 years, KIE has outperformed FLOT with an annualized return of 12.08%, while FLOT has yielded a comparatively lower 3.05% 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%
FLOT
- 1D
- 0.04%
- 1M
- 0.35%
- YTD
- 2.05%
- 6M
- 2.14%
- 1Y
- 4.76%
- 3Y*
- 5.60%
- 5Y*
- 4.23%
- 10Y*
- 3.05%
KIE vs. FLOT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
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% |
FLOT iShares Floating Rate Bond ETF | 2.05% | 4.91% | 6.53% | 6.43% | 1.28% | 0.45% | 0.87% | 3.97% | 1.48% | 1.65% |
Correlation
The correlation between KIE and FLOT is 0.21, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.21 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.22 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.22 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.14 |
Correlation (All Time) Calculated using the full available price history since Jun 17, 2011 | 0.10 |
The correlation between KIE and FLOT shifts across timeframes, from 0.10 (all time) to 0.22 (3 years), reflecting how their relationship changes across market environments.
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Return for Risk
KIE vs. FLOT — Risk / Return Rank
KIE
FLOT
KIE vs. FLOT - Risk-Adjusted Trends 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.
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 | FLOT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -6.26 | ||
| Sortino ratioReturn per unit of downside risk | -11.22 | ||
| Omega ratioGain probability vs. loss probability | 1.03 | 3.12 | -2.08 |
| Calmar ratioReturn relative to maximum drawdown | 0.18 | 11.08 | -10.90 |
| Martin ratioReturn relative to average drawdown | 0.43 | 102.54 | -102.11 |
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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.
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Drawdown Indicators
| KIE | FLOT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -75.30% | -13.54% | -61.76% |
Max Drawdown (1Y)Largest decline over 1 year | -11.81% | -0.43% | -11.38% |
Max Drawdown (3Y)Largest decline over 3 years | -12.65% | -1.57% | -11.08% |
Max Drawdown (5Y)Largest decline over 5 years | -15.68% | -2.36% | -13.32% |
Max Drawdown (10Y)Largest decline over 10 years | -44.31% | -13.54% | -30.77% |
Current DrawdownCurrent decline from peak | -1.28% | 0.00% | -1.28% |
Average DrawdownAverage peak-to-trough decline | -12.02% | -0.21% | -11.81% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.92% | 0.05% | +4.87% |
Volatility
KIE vs. FLOT - Volatility Comparison
SPDR S&P Insurance ETF (KIE) has a higher volatility of 5.81% compared to iShares Floating Rate Bond ETF (FLOT) at 0.21%. 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.
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Volatility by Period
| KIE | FLOT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.81% | 0.21% | +5.60% |
Volatility (6M)Calculated over the trailing 6-month period | 11.85% | 0.63% | +11.22% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.39% | 0.75% | +15.64% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.37% | 1.78% | +16.59% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.16% | 4.15% | +17.01% |
KIE vs. FLOT - Expense Ratio Comparison
KIE has a 0.35% expense ratio, which is higher than FLOT's 0.15% expense ratio.
Dividends
KIE vs. FLOT - Dividend Comparison
KIE's dividend yield for the trailing twelve months is around 1.64%, less than FLOT's 4.53% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FLOT iShares Floating Rate Bond ETF | 4.53% | 4.84% | 5.82% | 5.66% | 2.06% | 0.43% | 1.25% | 2.78% | 2.41% | 1.46% | 0.97% | 0.53% |
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 FLOT have a correlation of 0.21, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
KIE has higher volatility (5.81%) compared to FLOT (0.21%). In terms of maximum drawdown, KIE dropped -75.30% vs FLOT's -13.54%.
On 10-year performance, KIE leads with 12.08% vs 3.05% for FLOT. On fees, FLOT is cheaper at 0.15% per year. On volatility, FLOT has been the lower-risk option at 0.21%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 10-year period, KIE has performed better with a 12.08% return vs 3.05%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
FLOT is cheaper with a 0.15% expense ratio, compared with 0.35% for KIE.
FLOT has the higher dividend yield at 4.53%, compared with 1.64% for KIE.
KIE is categorized as Financials Equities, while FLOT is Ultrashort Bond. KIE tracks S&P Insurance Select Industry Index, while FLOT tracks Bloomberg US Floating Rate Note < 5 Years Index. They also come from different issuers: State Street and iShares. Their fees differ too: 0.35% for KIE and 0.15% for FLOT.
FLOT currently has the higher Sharpe Ratio (6.39 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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