KIE vs. FSPCX
KIE (SPDR S&P Insurance ETF) and FSPCX (Fidelity Select Insurance Portfolio) are both Financials Equities funds. Over the past 10 years, KIE returned 12.08%/yr vs 12.80%/yr for FSPCX. With a 0.95 correlation, they move nearly in lockstep. KIE charges 0.35%/yr vs 0.78%/yr for FSPCX.
Performance
KIE vs. FSPCX - 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 FSPCX's 0.88% return. Over the past 10 years, KIE has underperformed FSPCX with an annualized return of 12.08%, while FSPCX has yielded a comparatively higher 12.80% 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%
FSPCX
- 1D
- 2.01%
- 1M
- 2.39%
- YTD
- 0.88%
- 6M
- -0.12%
- 1Y
- -0.02%
- 3Y*
- 14.88%
- 5Y*
- 12.85%
- 10Y*
- 12.80%
KIE vs. FSPCX - 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% |
FSPCX Fidelity Select Insurance Portfolio | 0.88% | 3.45% | 28.44% | 12.98% | 7.75% | 29.26% | 0.00% | 30.06% | -11.99% | 15.50% |
Correlation
The correlation between KIE and FSPCX is 0.92, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.92 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.92 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.94 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.95 |
Correlation (All Time) Calculated using the full available price history since Nov 15, 2005 | 0.95 |
The correlation between KIE and FSPCX has been stable across timeframes, ranging from 0.92 to 0.95 - a consistent structural relationship.
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Return for Risk
KIE vs. FSPCX — Risk / Return Rank
KIE
FSPCX
KIE vs. FSPCX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR S&P Insurance ETF (KIE) and Fidelity Select Insurance Portfolio (FSPCX). 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 | FSPCX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.14 | ||
| Sortino ratioReturn per unit of downside risk | +0.20 | ||
| Omega ratioGain probability vs. loss probability | 1.03 | 1.01 | +0.02 |
| Calmar ratioReturn relative to maximum drawdown | 0.18 | -0.02 | +0.20 |
| Martin ratioReturn relative to average drawdown | 0.43 | -0.03 | +0.46 |
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Drawdowns
KIE vs. FSPCX - Drawdown Comparison
The maximum KIE drawdown since its inception was -75.30%, which is greater than FSPCX's maximum drawdown of -69.48%. Use the drawdown chart below to compare losses from any high point for KIE and FSPCX.
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Drawdown Indicators
| KIE | FSPCX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -75.30% | -69.48% | -5.82% |
Max Drawdown (1Y)Largest decline over 1 year | -11.81% | -9.98% | -1.83% |
Max Drawdown (3Y)Largest decline over 3 years | -12.65% | -11.69% | -0.96% |
Max Drawdown (5Y)Largest decline over 5 years | -15.68% | -16.65% | +0.97% |
Max Drawdown (10Y)Largest decline over 10 years | -44.31% | -43.68% | -0.63% |
Current DrawdownCurrent decline from peak | -1.28% | -3.91% | +2.63% |
Average DrawdownAverage peak-to-trough decline | -12.02% | -9.70% | -2.32% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.92% | 5.01% | -0.09% |
Volatility
KIE vs. FSPCX - Volatility Comparison
SPDR S&P Insurance ETF (KIE) has a higher volatility of 5.81% compared to Fidelity Select Insurance Portfolio (FSPCX) at 5.43%. This indicates that KIE's price experiences larger fluctuations and is considered to be riskier than FSPCX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| KIE | FSPCX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.81% | 5.43% | +0.38% |
Volatility (6M)Calculated over the trailing 6-month period | 11.85% | 11.14% | +0.71% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.39% | 15.58% | +0.81% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.37% | 17.50% | +0.87% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.16% | 20.06% | +1.10% |
KIE vs. FSPCX - Expense Ratio Comparison
KIE has a 0.35% expense ratio, which is lower than FSPCX's 0.78% expense ratio.
Dividends
KIE vs. FSPCX - Dividend Comparison
KIE's dividend yield for the trailing twelve months is around 1.64%, less than FSPCX's 4.67% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FSPCX Fidelity Select Insurance Portfolio | 4.67% | 3.35% | 8.72% | 8.48% | 0.74% | 8.40% | 8.80% | 6.90% | 32.69% | 12.52% | 2.81% | 3.11% |
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
With a correlation of 0.92, KIE and FSPCX move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
KIE has higher volatility (5.81%) compared to FSPCX (5.43%). In terms of maximum drawdown, KIE dropped -75.30% vs FSPCX's -69.48%.
KIE currently has the higher Sharpe Ratio (0.13 vs -0.01), 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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