KIE vs. KBWP
Compare and contrast key facts about SPDR S&P Insurance ETF (KIE) and Invesco KBW Property & Casualty Insurance ETF (KBWP).
KIE and KBWP 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. KBWP is a passively managed fund by Invesco that tracks the performance of the KBW Nasdaq Property & Casualty (TR). It was launched on Dec 2, 2010. Both KIE and KBWP 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 KBWP.
Key characteristics
| KIE | KBWP | |
|---|---|---|
| YTD Return | 31.00% | 34.30% |
| 1Y Return | 38.22% | 39.82% |
| 3Y Return (Ann) | 14.96% | 17.26% |
| 5Y Return (Ann) | 12.91% | 13.67% |
| 10Y Return (Ann) | 12.40% | 13.71% |
| Sharpe Ratio | 2.61 | 2.48 |
| Sortino Ratio | 3.44 | 3.22 |
| Omega Ratio | 1.45 | 1.45 |
| Calmar Ratio | 4.53 | 5.88 |
| Martin Ratio | 14.66 | 15.95 |
| Ulcer Index | 2.58% | 2.44% |
| Daily Std Dev | 14.51% | 15.71% |
| Max Drawdown | -75.30% | -39.77% |
| Current Drawdown | -0.09% | -0.03% |
Correlation
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.
Performance
KIE vs. KBWP - Performance Comparison
In the year-to-date period, KIE achieves a 31.00% return, which is significantly lower than KBWP's 34.30% return. Over the past 10 years, KIE has underperformed KBWP with an annualized return of 12.40%, while KBWP has yielded a comparatively higher 13.71% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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KIE vs. KBWP - Expense Ratio Comparison
Both KIE and KBWP have an expense ratio of 0.35%.
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.
Dividends
KIE vs. KBWP - Dividend Comparison
KIE's dividend yield for the trailing twelve months is around 1.29%, which matches KBWP's 1.30% 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% |
KBWP Invesco KBW Property & Casualty Insurance ETF | 1.30% | 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.
Volatility
KIE vs. KBWP - Volatility Comparison
The current volatility for SPDR S&P Insurance ETF (KIE) is 6.12%, while Invesco KBW Property & Casualty Insurance ETF (KBWP) has a volatility of 6.56%. This indicates that KIE experiences smaller price fluctuations and is considered to be less risky than KBWP based on this measure. The chart below showcases a comparison of their rolling one-month volatility.