KIE vs. RNR

Last updated Apr 2, 2026

Compare and contrast key facts about SPDR S&P Insurance ETF (KIE) and RenaissanceRe Holdings Ltd. (RNR).

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.

Performance

KIE vs. RNR - Performance Comparison

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

KIE vs. RNR - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
KIE SPDR S&P Insurance ETF	-8.59%	8.12%	26.95%	12.18%	3.48%	22.75%	-3.04%	27.19%	-5.99%	12.83%
RNR RenaissanceRe Holdings Ltd.	5.31%	13.73%	27.76%	7.22%	9.86%	3.07%	-14.70%	47.76%	7.54%	-6.94%

Returns By Period

In the year-to-date period, KIE achieves a -8.59% return, which is significantly lower than RNR's 5.31% return. Over the past 10 years, KIE has outperformed RNR with an annualized return of 10.89%, while RNR has yielded a comparatively lower 10.31% annualized return.

KIE

• 1D: -0.55%
• 1M: -6.30%
• YTD: -8.59%
• 6M: -5.99%
• 1Y: -8.45%
• 3Y*: 13.43%
• 5Y*: 9.99%
• 10Y*: 10.89%

RNR

• 1D: -0.53%
• 1M: -3.57%
• YTD: 5.31%
• 6M: 15.62%
• 1Y: 21.42%
• 3Y*: 14.61%
• 5Y*: 13.25%
• 10Y*: 10.31%

*Multi-year figures are annualized to reflect compound growth (CAGR)

Return for Risk

KIE vs. RNR — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

KIE

KIE Risk / Return Rank: 3
KIE Sharpe Ratio Rank: 5
KIE Sortino Ratio Rank: 4
KIE Omega Ratio Rank: 4
KIE Calmar Ratio Rank: 2
KIE Martin Ratio Rank: 1

RNR

RNR Risk / Return Rank: 69
RNR Sharpe Ratio Rank: 69
RNR Sortino Ratio Rank: 63
RNR Omega Ratio Rank: 59
RNR Calmar Ratio Rank: 74
RNR Martin Ratio Rank: 78

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. RNR - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for SPDR S&P Insurance ETF (KIE) and RenaissanceRe Holdings Ltd. (RNR). 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.

	KIE	RNR	Difference
Sharpe ratio Return per unit of total volatility	-0.43	0.83	-1.26
Sortino ratio Return per unit of downside risk	-0.46	1.31	-1.77
Omega ratio Gain probability vs. loss probability	0.94	1.16	-0.22
Calmar ratio Return relative to maximum drawdown	-0.67	1.80	-2.47
Martin ratio Return relative to average drawdown	-1.55	5.73	-7.28
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

KIE vs. RNR - Sharpe Ratio Comparison

The current KIE Sharpe Ratio is -0.43, which is lower than the RNR Sharpe Ratio of 0.83. The chart below compares the historical Sharpe Ratios of KIE and RNR, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	KIE	RNR	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.43	0.83	-1.26
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.55	0.48	+0.07
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.52	0.39	+0.13
Sharpe Ratio (All Time) Calculated using the full available price history	0.29	0.56	-0.27

Correlation

The correlation between KIE and RNR is 0.60, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.

Dividends

KIE vs. RNR - Dividend Comparison

KIE's dividend yield for the trailing twelve months is around 1.69%, more than RNR's 0.54% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
KIE SPDR S&P Insurance ETF	1.69%	1.57%	1.48%	1.45%	1.90%	1.95%	1.85%	1.76%	1.83%	1.56%	1.55%	1.65%
RNR RenaissanceRe Holdings Ltd.	0.54%	0.57%	0.63%	0.78%	0.80%	0.85%	0.84%	0.69%	0.99%	1.02%	0.91%	1.06%

Drawdowns

KIE vs. RNR - Drawdown Comparison

The maximum KIE drawdown since its inception was -75.30%, which is greater than RNR's maximum drawdown of -45.67%. Use the drawdown chart below to compare losses from any high point for KIE and RNR.

Drawdown Indicators

	KIE	RNR	Difference
Max Drawdown Largest peak-to-trough decline	-75.30%	-45.67%	-29.63%
Max Drawdown (1Y) Largest decline over 1 year	-12.25%	-13.27%	+1.02%
Max Drawdown (5Y) Largest decline over 5 years	-15.68%	-27.71%	+12.03%
Max Drawdown (10Y) Largest decline over 10 years	-44.31%	-40.66%	-3.65%
Current Drawdown Current decline from peak	-9.91%	-4.77%	-5.14%
Average Drawdown Average peak-to-trough decline	-12.09%	-10.29%	-1.80%
Ulcer Index Depth and duration of drawdowns from previous peaks	5.26%	4.18%	+1.08%

Volatility

KIE vs. RNR - Volatility Comparison

SPDR S&P Insurance ETF (KIE) has a higher volatility of 4.73% compared to RenaissanceRe Holdings Ltd. (RNR) at 3.93%. This indicates that KIE's price experiences larger fluctuations and is considered to be riskier than RNR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	KIE	RNR	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.73%	3.93%	+0.80%
Volatility (6M) Calculated over the trailing 6-month period	11.48%	17.59%	-6.11%
Volatility (1Y) Calculated over the trailing 1-year period	19.77%	25.93%	-6.16%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.30%	27.58%	-9.28%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	21.14%	26.77%	-5.63%