KIE vs. IAK
Compare and contrast key facts about SPDR S&P Insurance ETF (KIE) and iShares U.S. Insurance ETF (IAK).
KIE and IAK 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. IAK is a passively managed fund by iShares that tracks the performance of the Dow Jones U.S. Select Insurance Index. It was launched on May 5, 2006. Both KIE and IAK 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 IAK.
Key characteristics
| KIE | IAK | |
|---|---|---|
| YTD Return | 31.00% | 32.56% |
| 1Y Return | 38.22% | 40.55% |
| 3Y Return (Ann) | 14.96% | 18.27% |
| 5Y Return (Ann) | 12.91% | 15.36% |
| 10Y Return (Ann) | 12.40% | 12.51% |
| Sharpe Ratio | 2.61 | 2.80 |
| Sortino Ratio | 3.44 | 3.66 |
| Omega Ratio | 1.45 | 1.50 |
| Calmar Ratio | 4.53 | 6.07 |
| Martin Ratio | 14.66 | 17.74 |
| Ulcer Index | 2.58% | 2.29% |
| Daily Std Dev | 14.51% | 14.50% |
| Max Drawdown | -75.30% | -77.38% |
| Current Drawdown | -0.09% | -1.60% |
Correlation
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.
Performance
KIE vs. IAK - Performance Comparison
In the year-to-date period, KIE achieves a 31.00% return, which is significantly lower than IAK's 32.56% return. Both investments have delivered pretty close results over the past 10 years, with KIE having a 12.40% annualized return and IAK not far ahead at 12.51%. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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.
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.
Dividends
KIE vs. IAK - Dividend Comparison
KIE's dividend yield for the trailing twelve months is around 1.29%, more than IAK's 1.21% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
KIE SPDR S&P Insurance ETF | 1.29% | 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 | 1.21% | 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.
Volatility
KIE vs. IAK - Volatility Comparison
SPDR S&P Insurance ETF (KIE) and iShares U.S. Insurance ETF (IAK) have volatilities of 6.12% and 6.14%, 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.