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KIE vs. IAI
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Key characteristics


KIEIAI
YTD Return32.61%38.91%
1Y Return38.21%62.53%
3Y Return (Ann)15.23%11.77%
5Y Return (Ann)13.21%19.82%
10Y Return (Ann)12.55%15.79%
Sharpe Ratio2.653.77
Sortino Ratio3.495.21
Omega Ratio1.461.69
Calmar Ratio4.613.82
Martin Ratio14.9129.40
Ulcer Index2.58%2.12%
Daily Std Dev14.50%16.52%
Max Drawdown-75.30%-75.33%
Current Drawdown0.00%-0.74%

Correlation

-0.50.00.51.00.8

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.

Performance

KIE vs. IAI - Performance Comparison

In the year-to-date period, KIE achieves a 32.61% return, which is significantly lower than IAI's 38.91% return. Over the past 10 years, KIE has underperformed IAI with an annualized return of 12.55%, while IAI has yielded a comparatively higher 15.79% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.


-5.00%0.00%5.00%10.00%15.00%20.00%25.00%30.00%JuneJulyAugustSeptemberOctoberNovember
16.97%
28.34%
KIE
IAI

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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.


IAI
iShares U.S. Broker-Dealers & Securities Exchanges ETF
Expense ratio chart for IAI: current value at 0.41% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.41%
Expense ratio chart for KIE: current value at 0.35% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.35%

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.


KIE
Sharpe ratio
The chart of Sharpe ratio for KIE, currently valued at 2.65, compared to the broader market-2.000.002.004.002.65
Sortino ratio
The chart of Sortino ratio for KIE, currently valued at 3.49, compared to the broader market-2.000.002.004.006.008.0010.0012.003.49
Omega ratio
The chart of Omega ratio for KIE, currently valued at 1.46, compared to the broader market1.001.502.002.503.001.46
Calmar ratio
The chart of Calmar ratio for KIE, currently valued at 4.61, compared to the broader market0.005.0010.0015.004.61
Martin ratio
The chart of Martin ratio for KIE, currently valued at 14.90, compared to the broader market0.0020.0040.0060.0080.00100.0014.91
IAI
Sharpe ratio
The chart of Sharpe ratio for IAI, currently valued at 3.77, compared to the broader market-2.000.002.004.003.77
Sortino ratio
The chart of Sortino ratio for IAI, currently valued at 5.21, compared to the broader market-2.000.002.004.006.008.0010.0012.005.21
Omega ratio
The chart of Omega ratio for IAI, currently valued at 1.69, compared to the broader market1.001.502.002.503.001.69
Calmar ratio
The chart of Calmar ratio for IAI, currently valued at 3.82, compared to the broader market0.005.0010.0015.003.82
Martin ratio
The chart of Martin ratio for IAI, currently valued at 29.40, compared to the broader market0.0020.0040.0060.0080.00100.0029.40

KIE vs. IAI - Sharpe Ratio Comparison

The current KIE Sharpe Ratio is 2.65, which is comparable to the IAI Sharpe Ratio of 3.77. The chart below compares the historical Sharpe Ratios of KIE and IAI, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.


Rolling 12-month Sharpe Ratio1.502.002.503.003.504.00JuneJulyAugustSeptemberOctoberNovember
2.65
3.77
KIE
IAI

Dividends

KIE vs. IAI - Dividend Comparison

KIE's dividend yield for the trailing twelve months is around 1.28%, more than IAI's 1.01% yield.


TTM20232022202120202019201820172016201520142013
KIE
SPDR S&P Insurance ETF
1.28%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.


-8.00%-6.00%-4.00%-2.00%0.00%JuneJulyAugustSeptemberOctoberNovember0
-0.74%
KIE
IAI

Volatility

KIE vs. IAI - Volatility Comparison

The current volatility for SPDR S&P Insurance ETF (KIE) is 6.09%, while iShares U.S. Broker-Dealers & Securities Exchanges ETF (IAI) has a volatility of 8.94%. 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.


2.00%3.00%4.00%5.00%6.00%7.00%8.00%9.00%JuneJulyAugustSeptemberOctoberNovember
6.09%
8.94%
KIE
IAI