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

Performance

KIE vs. KBWP - Performance Comparison

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

0.00%5.00%10.00%15.00%20.00%JuneJulyAugustSeptemberOctoberNovember
18.64%
16.19%
KIE
KBWP

Returns By Period

In the year-to-date period, KIE achieves a 32.92% return, which is significantly lower than KBWP's 35.37% return. Over the past 10 years, KIE has underperformed KBWP with an annualized return of 12.48%, while KBWP has yielded a comparatively higher 13.70% annualized return.


KIE

YTD

32.92%

1M

3.00%

6M

16.41%

1Y

35.62%

5Y (annualized)

13.31%

10Y (annualized)

12.48%

KBWP

YTD

35.37%

1M

2.06%

6M

14.30%

1Y

36.46%

5Y (annualized)

14.05%

10Y (annualized)

13.70%

Key characteristics


KIEKBWP
Sharpe Ratio2.542.43
Sortino Ratio3.363.17
Omega Ratio1.441.44
Calmar Ratio4.405.76
Martin Ratio14.2215.62
Ulcer Index2.58%2.44%
Daily Std Dev14.47%15.66%
Max Drawdown-75.30%-39.77%
Current Drawdown-0.23%-0.58%

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KIE vs. KBWP - Expense Ratio Comparison

Both KIE and KBWP have an expense ratio of 0.35%.


KIE
SPDR S&P Insurance ETF
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%
Expense ratio chart for KBWP: 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

-0.50.00.51.00.8

The correlation between KIE and KBWP is 0.78, 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. KBWP - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for SPDR S&P Insurance ETF (KIE) and Invesco KBW Property & Casualty Insurance ETF (KBWP). 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 2.54, compared to the broader market0.002.004.002.542.43
The chart of Sortino ratio for KIE, currently valued at 3.36, compared to the broader market-2.000.002.004.006.008.0010.0012.003.363.17
The chart of Omega ratio for KIE, currently valued at 1.44, compared to the broader market0.501.001.502.002.503.001.441.44
The chart of Calmar ratio for KIE, currently valued at 4.40, compared to the broader market0.005.0010.0015.004.405.76
The chart of Martin ratio for KIE, currently valued at 14.22, compared to the broader market0.0020.0040.0060.0080.00100.0014.2215.62
KIE
KBWP

The current KIE Sharpe Ratio is 2.54, which is comparable to the KBWP Sharpe Ratio of 2.43. The chart below compares the historical Sharpe Ratios of KIE and KBWP, 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 Ratio1.601.802.002.202.402.602.80JuneJulyAugustSeptemberOctoberNovember
2.54
2.43
KIE
KBWP

Dividends

KIE vs. KBWP - Dividend Comparison

KIE's dividend yield for the trailing twelve months is around 1.28%, which matches KBWP's 1.29% 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%
KBWP
Invesco KBW Property & Casualty Insurance ETF
1.29%1.68%1.99%3.02%1.93%1.99%2.11%1.90%2.14%1.35%2.73%1.72%

Drawdowns

KIE vs. KBWP - Drawdown Comparison

The maximum KIE drawdown since its inception was -75.30%, which is greater than KBWP's maximum drawdown of -39.77%. Use the drawdown chart below to compare losses from any high point for KIE and KBWP. For additional features, visit the drawdowns tool.


-6.00%-5.00%-4.00%-3.00%-2.00%-1.00%0.00%JuneJulyAugustSeptemberOctoberNovember
-0.23%
-0.58%
KIE
KBWP

Volatility

KIE vs. KBWP - Volatility Comparison

SPDR S&P Insurance ETF (KIE) and Invesco KBW Property & Casualty Insurance ETF (KBWP) have volatilities of 5.87% and 6.08%, 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%7.00%JuneJulyAugustSeptemberOctoberNovember
5.87%
6.08%
KIE
KBWP