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KIE vs. IYF
Performance
Return for Risk
Drawdowns
Volatility
Dividends

KIE vs. IYF

Last updated Jun 25, 2026

KIE (SPDR S&P Insurance ETF) and IYF (iShares U.S. Financials ETF) are both Financials Equities funds - KIE tracks the S&P Insurance Select Industry Index while IYF tracks the Dow Jones U.S. Financials Index. Both are passively managed. Over the past 10 years, KIE returned 12.08%/yr vs 13.82%/yr for IYF. Their correlation of 0.87 suggests significant overlap in exposure. KIE charges 0.35%/yr vs 0.42%/yr for IYF.

Performance

KIE vs. IYF - 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. Financials ETF (IYF). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, KIE achieves a 0.16% return, which is significantly lower than IYF's 0.22% return. Over the past 10 years, KIE has underperformed IYF with an annualized return of 12.08%, while IYF has yielded a comparatively higher 13.82% annualized 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%

IYF

1D
-0.70%
1M
3.86%
YTD
0.22%
6M
-1.46%
1Y
9.67%
3Y*
22.86%
5Y*
11.13%
10Y*
13.82%
*Multi-year figures are annualized to reflect compound growth (CAGR)

KIE vs. IYF - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
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%
IYF
iShares U.S. Financials ETF		0.22%18.25%31.30%15.32%-11.33%31.60%-1.00%31.86%-9.39%19.58%

Correlation

The correlation between KIE and IYF is 0.67, 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

0.67

Correlation (3Y)
Calculated over the trailing 3-year period

0.76

Correlation (5Y)
Calculated over the trailing 5-year period

0.83

Correlation (10Y)
Calculated over the trailing 10-year period

0.85

Correlation (All Time)
Calculated using the full available price history since Nov 15, 2005

0.87

Over the past year, the correlation between KIE and IYF has dropped to 0.67 - well below their long-term average of 0.87, suggesting their price drivers have been diverging.

KIE vs. IYF - Sectors Allocation Comparison

Sectors
KIE
IYF

Financial Services

96.9%
99.1%

Healthcare

3.1%

-

Basic Materials

-

-

Communication Services

-

-

Consumer Cyclical

-

-

Consumer Defensive

-

-

Energy

-

-

Industrials

-

-

Real Estate

-

0.6%

Technology

-

0.3%

Utilities

-

-

Financial Services

KIE
96.9%
IYF
99.1%

Healthcare

KIE
3.1%
IYF

-

Basic Materials

KIE

-

IYF

-

Communication Services

KIE

-

IYF

-

Consumer Cyclical

KIE

-

IYF

-

Consumer Defensive

KIE

-

IYF

-

Energy

KIE

-

IYF

-

Industrials

KIE

-

IYF

-

Real Estate

KIE

-

IYF
0.6%

Technology

KIE

-

IYF
0.3%

Utilities

KIE

-

IYF

-

Compare stocks, funds, or ETFs

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

SPDR S&P Insurance ETF

iShares U.S. Financials ETF

Often compared with KIE:
KIE vs. IAKKIE vs. KBWPKIE vs. XLFKIE vs. IAIKIE vs. RNRKIE vs. PAVEKIE vs. JQUA
Often compared with IYF:
IYF vs. XLFIYF vs. VFHIYF vs. IYGIYF vs. KBWBIYF vs. KBEIYF vs. IXGIYF vs. FTXO

Return for Risk

KIE vs. IYF — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
KIE
KIE Risk / Return Rank: 1010
Overall Rank
KIE Sharpe Ratio Rank: 1010
Sharpe Ratio Rank
KIE Sortino Ratio Rank: 1010
Sortino Ratio Rank
KIE Omega Ratio Rank: 1010
Omega Ratio Rank
KIE Calmar Ratio Rank: 1111
Calmar Ratio Rank
KIE Martin Ratio Rank: 1111
Martin Ratio Rank
IYF
IYF Risk / Return Rank: 1919
Overall Rank
IYF Sharpe Ratio Rank: 2121
Sharpe Ratio Rank
IYF Sortino Ratio Rank: 1919
Sortino Ratio Rank
IYF Omega Ratio Rank: 1919
Omega Ratio Rank
IYF Calmar Ratio Rank: 1818
Calmar Ratio Rank
IYF Martin Ratio Rank: 1818
Martin Ratio Rank
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. IYF - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for SPDR S&P Insurance ETF (KIE) and iShares U.S. Financials ETF (IYF). 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.

KIEIYFDifference
Sharpe ratioReturn per unit of total volatility
0.13
0.67

-0.54

Sortino ratioReturn per unit of downside risk
0.29
0.99

-0.70

Omega ratioGain probability vs. loss probability

1.03

1.12

-0.09

Calmar ratioReturn relative to maximum drawdown

0.18

0.70

-0.52

Martin ratioReturn relative to average drawdown

0.43

1.88

-1.46

KIE vs. IYF - Sharpe Ratio Comparison

The current KIE Sharpe Ratio is 0.13, which is lower than the IYF Sharpe Ratio of 0.67. The chart below compares the historical Sharpe Ratios of KIE and IYF, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Drawdowns

KIE vs. IYF - Drawdown Comparison

The maximum KIE drawdown since its inception was -75.30%, roughly equal to the maximum IYF drawdown of -79.09%. Use the drawdown chart below to compare losses from any high point for KIE and IYF.

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Drawdown Indicators

KIEIYFDifference

Max Drawdown

Largest peak-to-trough decline

-75.30%

-79.09%

+3.79%

Max Drawdown (1Y)

Largest decline over 1 year

-11.81%

-13.88%

+2.07%

Max Drawdown (3Y)

Largest decline over 3 years

-12.65%

-16.60%

+3.95%

Max Drawdown (5Y)

Largest decline over 5 years

-15.68%

-25.06%

+9.38%

Max Drawdown (10Y)

Largest decline over 10 years

-44.31%

-42.57%

-1.74%

Current Drawdown

Current decline from peak

-1.28%

-2.85%

+1.57%

Average Drawdown

Average peak-to-trough decline

-12.02%

-17.58%

+5.56%

Ulcer Index

Depth and duration of drawdowns from previous peaks

4.92%

5.15%

-0.23%

Volatility

KIE vs. IYF - Volatility Comparison

SPDR S&P Insurance ETF (KIE) has a higher volatility of 5.81% compared to iShares U.S. Financials ETF (IYF) at 4.23%. This indicates that KIE's price experiences larger fluctuations and is considered to be riskier than IYF based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

KIEIYFDifference

Volatility (1M)

Calculated over the trailing 1-month period

5.81%

4.23%

+1.58%

Volatility (6M)

Calculated over the trailing 6-month period

11.85%

11.20%

+0.65%

Volatility (1Y)

Calculated over the trailing 1-year period

16.39%

14.52%

+1.87%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

18.37%

19.00%

-0.63%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

21.16%

20.84%

+0.32%

KIE vs. IYF - Expense Ratio Comparison

KIE has a 0.35% expense ratio, which is lower than IYF's 0.42% expense ratio.

Dividends

KIE vs. IYF - Dividend Comparison

KIE's dividend yield for the trailing twelve months is around 1.64%, more than IYF's 1.50% yield.

PositionTTM20252024202320222021202020192018201720162015
IYF
iShares U.S. Financials ETF		1.50%1.32%1.29%1.67%1.86%1.27%1.72%1.64%1.90%1.46%1.67%1.66%
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

KIE and IYF have a correlation of 0.67, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

KIE has higher volatility (5.81%) compared to IYF (4.23%). In terms of maximum drawdown, KIE dropped -75.30% vs IYF's -79.09%.

On 10-year performance, IYF leads with 13.82% vs 12.08% for KIE. On fees, KIE is cheaper at 0.35% per year. On volatility, IYF has been the lower-risk option at 4.23%. The better choice depends on whether you care most about return, fees, risk, or income.

Over the 10-year period, IYF has performed better with a 13.82% return vs 12.08%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

KIE is cheaper with a 0.35% expense ratio, compared with 0.42% for IYF.

KIE has the higher dividend yield at 1.64%, compared with 1.50% for IYF.

KIE tracks S&P Insurance Select Industry Index, while IYF tracks Dow Jones U.S. Financials Index. They also come from different issuers: State Street and iShares. Their fees differ too: 0.35% for KIE and 0.42% for IYF.

IYF currently has the higher Sharpe Ratio (0.67 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.

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