PortfoliosLab logo
PortfoliosLab logo
Tools
Performance Analysis
Portfolio Analysis
Factor Model
Portfolios
Lazy PortfoliosUser Portfolios
Discussions
KIE vs. IAK
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Performance

KIE vs. IAK - Performance Comparison

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

0.00%5.00%10.00%15.00%20.00%JuneJulyAugustSeptemberOctoberNovember
20.38%
18.70%
KIE
IAK

Returns By Period

The year-to-date returns for both investments are quite close, with KIE having a 34.87% return and IAK slightly higher at 36.01%. Both investments have delivered pretty close results over the past 10 years, with KIE having a 12.57% annualized return and IAK not far ahead at 12.62%.


KIE

YTD

34.87%

1M

5.16%

6M

20.38%

1Y

36.80%

5Y (annualized)

13.63%

10Y (annualized)

12.57%

IAK

YTD

36.01%

1M

2.97%

6M

18.70%

1Y

38.87%

5Y (annualized)

16.09%

10Y (annualized)

12.62%

Key characteristics


KIEIAK
Sharpe Ratio2.592.72
Sortino Ratio3.423.58
Omega Ratio1.451.49
Calmar Ratio4.505.92
Martin Ratio14.5617.27
Ulcer Index2.58%2.29%
Daily Std Dev14.51%14.57%
Max Drawdown-75.30%-77.38%
Current Drawdown0.00%0.00%

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.


KIE vs. IAK - Expense Ratio Comparison

KIE has a 0.35% expense ratio, which is lower than IAK's 0.43% expense ratio.


IAK
iShares U.S. Insurance ETF
Expense ratio chart for IAK: current value at 0.43% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.43%
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%

Correlation

-0.50.00.51.00.9

The correlation between KIE and IAK is 0.95, 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. IAK - 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. Insurance ETF (IAK). 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.


Sharpe ratio
The chart of Sharpe ratio for KIE, currently valued at 2.59, compared to the broader market0.002.004.002.592.72
The chart of Sortino ratio for KIE, currently valued at 3.42, compared to the broader market-2.000.002.004.006.008.0010.0012.003.423.58
The chart of Omega ratio for KIE, currently valued at 1.45, compared to the broader market0.501.001.502.002.503.001.451.49
The chart of Calmar ratio for KIE, currently valued at 4.50, compared to the broader market0.005.0010.0015.004.505.92
The chart of Martin ratio for KIE, currently valued at 14.56, compared to the broader market0.0020.0040.0060.0080.00100.0014.5617.27
KIE
IAK

The current KIE Sharpe Ratio is 2.59, which is comparable to the IAK Sharpe Ratio of 2.72. The chart below compares the historical Sharpe Ratios of KIE and IAK, 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 Ratio1.502.002.503.00JuneJulyAugustSeptemberOctoberNovember
2.59
2.72
KIE
IAK

Dividends

KIE vs. IAK - Dividend Comparison

KIE's dividend yield for the trailing twelve months is around 1.26%, more than IAK's 1.18% yield.


TTM20232022202120202019201820172016201520142013
KIE
SPDR S&P Insurance ETF
1.26%1.45%1.90%1.95%1.85%1.76%1.83%1.56%1.55%1.65%1.81%1.38%
IAK
iShares U.S. Insurance ETF
1.18%1.44%1.69%2.26%2.07%1.84%2.33%1.62%1.68%1.62%1.57%1.14%

Drawdowns

KIE vs. IAK - Drawdown Comparison

The maximum KIE drawdown since its inception was -75.30%, roughly equal to the maximum IAK drawdown of -77.38%. Use the drawdown chart below to compare losses from any high point for KIE and IAK. For additional features, visit the drawdowns tool.


-7.00%-6.00%-5.00%-4.00%-3.00%-2.00%-1.00%0.00%JuneJulyAugustSeptemberOctoberNovember00
KIE
IAK

Volatility

KIE vs. IAK - Volatility Comparison

SPDR S&P Insurance ETF (KIE) and iShares U.S. Insurance ETF (IAK) have volatilities of 6.00% and 6.09%, 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.


2.00%3.00%4.00%5.00%6.00%JuneJulyAugustSeptemberOctoberNovember
6.00%
6.09%
KIE
IAK