KIE vs. IAI
Compare and contrast key facts about SPDR S&P Insurance ETF (KIE) and iShares U.S. Broker-Dealers & Securities Exchanges ETF (IAI).
KIE and IAI 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. IAI is a passively managed fund by iShares that tracks the performance of the DJ US Select / Investment Services. It was launched on May 1, 2006. Both KIE and IAI 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 IAI.
Performance
KIE vs. IAI - Performance Comparison
Returns By Period
In the year-to-date period, KIE achieves a 33.24% return, which is significantly lower than IAI's 39.54% return. Over the past 10 years, KIE has underperformed IAI with an annualized return of 12.52%, while IAI has yielded a comparatively higher 16.01% annualized return.
KIE
33.24%
2.09%
17.20%
37.38%
13.31%
12.52%
IAI
39.54%
8.38%
26.25%
58.75%
19.57%
16.01%
Key characteristics
| KIE | IAI | |
|---|---|---|
| Sharpe Ratio | 2.63 | 3.62 |
| Sortino Ratio | 3.46 | 5.03 |
| Omega Ratio | 1.46 | 1.66 |
| Calmar Ratio | 4.55 | 4.29 |
| Martin Ratio | 14.72 | 28.08 |
| Ulcer Index | 2.58% | 2.13% |
| Daily Std Dev | 14.48% | 16.51% |
| Max Drawdown | -75.30% | -75.33% |
| Current Drawdown | 0.00% | -0.29% |
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KIE vs. IAI - Expense Ratio Comparison
KIE has a 0.35% expense ratio, which is lower than IAI's 0.41% expense ratio.
Correlation
The correlation between KIE and IAI is 0.80, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Risk-Adjusted Performance
KIE vs. IAI - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR S&P Insurance ETF (KIE) and iShares U.S. Broker-Dealers & Securities Exchanges ETF (IAI). 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. IAI - Dividend Comparison
KIE's dividend yield for the trailing twelve months is around 1.27%, more than IAI's 1.01% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
KIE SPDR S&P Insurance ETF | 1.27% | 1.45% | 1.90% | 1.95% | 1.85% | 1.76% | 1.83% | 1.56% | 1.55% | 1.65% | 1.81% | 1.38% |
IAI iShares U.S. Broker-Dealers & Securities Exchanges ETF | 1.01% | 1.80% | 2.14% | 1.31% | 1.55% | 1.52% | 1.58% | 1.37% | 1.48% | 1.31% | 1.13% | 1.13% |
Drawdowns
KIE vs. IAI - Drawdown Comparison
The maximum KIE drawdown since its inception was -75.30%, roughly equal to the maximum IAI drawdown of -75.33%. Use the drawdown chart below to compare losses from any high point for KIE and IAI. For additional features, visit the drawdowns tool.
Volatility
KIE vs. IAI - Volatility Comparison
The current volatility for SPDR S&P Insurance ETF (KIE) is 6.02%, while iShares U.S. Broker-Dealers & Securities Exchanges ETF (IAI) has a volatility of 8.95%. This indicates that KIE experiences smaller price fluctuations and is considered to be less risky than IAI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.