KIE vs. FTXO

Last updated Jun 25, 2026

KIE (SPDR S&P Insurance ETF) and FTXO (First Trust Nasdaq Bank ETF) are both Financials Equities funds - KIE tracks the S&P Insurance Select Industry Index while FTXO tracks the NASDAQ US Banks Index. Both are passively managed. Over the past 5 years, KIE returned 10.76%/yr vs 8.30%/yr for FTXO. A 0.74 correlation means they provide meaningful diversification when combined. KIE charges 0.35%/yr vs 0.60%/yr for FTXO.

Performance

KIE vs. FTXO - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in SPDR S&P Insurance ETF (KIE) and First Trust Nasdaq Bank ETF (FTXO). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, KIE achieves a 0.16% return, which is significantly lower than FTXO's 10.30% 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%

FTXO

• 1D: 0.29%
• 1M: 8.86%
• YTD: 10.30%
• 6M: 7.40%
• 1Y: 30.62%
• 3Y*: 29.39%
• 5Y*: 8.30%
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

KIE vs. FTXO - 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%
FTXO First Trust Nasdaq Bank ETF	10.30%	21.32%	29.05%	0.05%	-17.93%	40.53%	-12.53%	30.11%	-21.79%	14.25%

Correlation

The correlation between KIE and FTXO is 0.54, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.54
Correlation (3Y) Calculated over the trailing 3-year period	0.58
Correlation (5Y) Calculated over the trailing 5-year period	0.70
Correlation (All Time) Calculated using the full available price history since Oct 7, 2016	0.74

The correlation between KIE and FTXO shifts across timeframes, from 0.54 (1 year) to 0.74 (all time), reflecting how their relationship changes across market environments.

KIE vs. FTXO - Sectors Allocation Comparison

Sectors	KIE	FTXO
Financial Services	96.9%	100.0%
Healthcare	3.1%	-
Basic Materials	-	-
Communication Services	-	-
Consumer Cyclical	-	-
Consumer Defensive	-	-
Energy	-	-
Industrials	-	-
Real Estate	-	-
Technology	-	0.4%
Utilities	-	-

Return for Risk

KIE vs. FTXO — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

KIE

KIE Risk / Return Rank: 10
KIE Sharpe Ratio Rank: 10
KIE Sortino Ratio Rank: 10
KIE Omega Ratio Rank: 10
KIE Calmar Ratio Rank: 11
KIE Martin Ratio Rank: 11

FTXO

FTXO Risk / Return Rank: 43
FTXO Sharpe Ratio Rank: 48
FTXO Sortino Ratio Rank: 45
FTXO Omega Ratio Rank: 46
FTXO Calmar Ratio Rank: 41
FTXO Martin Ratio Rank: 36

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. FTXO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for SPDR S&P Insurance ETF (KIE) and First Trust Nasdaq Bank ETF (FTXO). 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	FTXO	Difference
Sharpe ratio: Return per unit of total volatility	0.13	1.48	-1.35
Sortino ratio: Return per unit of downside risk	0.29	2.04	-1.74
Omega ratio: Gain probability vs. loss probability	1.03	1.26	-0.23
Calmar ratio: Return relative to maximum drawdown	0.18	1.84	-1.66
Martin ratio: Return relative to average drawdown	0.43	5.09	-4.66

KIE vs. FTXO - Sharpe Ratio Comparison

The current KIE Sharpe Ratio is 0.13, which is lower than the FTXO Sharpe Ratio of 1.48. The chart below compares the historical Sharpe Ratios of KIE and FTXO, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

KIE vs. FTXO - Drawdown Comparison

The maximum KIE drawdown since its inception was -75.30%, which is greater than FTXO's maximum drawdown of -55.26%. Use the drawdown chart below to compare losses from any high point for KIE and FTXO.

Drawdown Indicators

	KIE	FTXO	Difference
Max Drawdown Largest peak-to-trough decline	-75.30%	-55.26%	-20.04%
Max Drawdown (1Y) Largest decline over 1 year	-11.81%	-16.69%	+4.88%
Max Drawdown (3Y) Largest decline over 3 years	-12.65%	-25.84%	+13.19%
Max Drawdown (5Y) Largest decline over 5 years	-15.68%	-46.55%	+30.87%
Max Drawdown (10Y) Largest decline over 10 years	-44.31%	—	—
Current Drawdown Current decline from peak	-1.28%	0.00%	-1.28%
Average Drawdown Average peak-to-trough decline	-12.02%	-15.79%	+3.77%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.92%	6.03%	-1.11%

Volatility

KIE vs. FTXO - Volatility Comparison

SPDR S&P Insurance ETF (KIE) and First Trust Nasdaq Bank ETF (FTXO) have volatilities of 5.81% and 5.88%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	KIE	FTXO	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.81%	5.88%	-0.07%
Volatility (6M) Calculated over the trailing 6-month period	11.85%	15.76%	-3.91%
Volatility (1Y) Calculated over the trailing 1-year period	16.39%	20.80%	-4.41%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.37%	26.90%	-8.53%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	21.16%	29.93%	-8.77%

KIE vs. FTXO - Expense Ratio Comparison

KIE has a 0.35% expense ratio, which is lower than FTXO's 0.60% expense ratio.

Dividends

KIE vs. FTXO - Dividend Comparison

KIE's dividend yield for the trailing twelve months is around 1.64%, which matches FTXO's 1.63% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FTXO First Trust Nasdaq Bank ETF	1.63%	1.92%	2.18%	3.20%	2.94%	1.64%	2.74%	2.53%	3.51%	1.09%	0.16%	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

Can I hold both KIE and FTXO in my portfolio?

KIE and FTXO have a correlation of 0.54, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, KIE or FTXO?

FTXO has higher volatility (5.88%) compared to KIE (5.81%). In terms of maximum drawdown, KIE dropped -75.30% vs FTXO's -55.26%.

Which ETF is better, KIE or FTXO?

On 5-year performance, KIE leads with 10.76% vs 8.30% for FTXO. On fees, KIE is cheaper at 0.35% per year. Their volatility is very similar. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, KIE or FTXO?

Over the 5-year period, KIE has performed better with a 10.76% return vs 8.30%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, KIE or FTXO?

KIE is cheaper with a 0.35% expense ratio, compared with 0.60% for FTXO.

Which ETF pays a higher dividend yield, KIE or FTXO?

KIE has the higher dividend yield at 1.64%, compared with 1.63% for FTXO.

What is the main difference between KIE and FTXO?

KIE tracks S&P Insurance Select Industry Index, while FTXO tracks NASDAQ US Banks Index. They also come from different issuers: State Street and First Trust. Their fees differ too: 0.35% for KIE and 0.60% for FTXO.

Which has better risk-adjusted returns?

FTXO currently has the higher Sharpe Ratio (1.48 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.