KIE vs. RNR
KIE (SPDR S&P Insurance ETF) is Financials Equities fund tracking the S&P Insurance Select Industry Index, while RNR (RenaissanceRe Holdings Ltd.) is a stock. Over the past 10 years, KIE returned 12.06%/yr vs 11.38%/yr for RNR. A 0.60 correlation means they provide meaningful diversification when combined.
Performance
KIE vs. RNR - Performance Comparison
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Returns By Period
Over the past 10 years, KIE has outperformed RNR with an annualized return of 12.06%, while RNR has yielded a comparatively lower 11.38% annualized return.
KIE
- 1D
- 2.35%
- 1M
- 3.87%
- YTD
- -0.00%
- 6M
- -1.09%
- 1Y
- 1.69%
- 3Y*
- 16.55%
- 5Y*
- 11.03%
- 10Y*
- 12.06%
RNR
- 1D
- 2.20%
- 1M
- 4.20%
- YTD
- 9.69%
- 6M
- 9.60%
- 1Y
- 26.32%
- 3Y*
- 18.64%
- 5Y*
- 16.57%
- 10Y*
- 11.38%
KIE vs. RNR - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
KIE SPDR S&P Insurance ETF | -0.00% | 8.12% | 26.95% | 12.18% | 3.48% | 22.75% | -3.04% | 27.19% | -5.99% | 12.83% |
RNR RenaissanceRe Holdings Ltd. | 9.69% | 13.73% | 27.76% | 7.22% | 9.86% | 3.07% | -14.70% | 47.76% | 7.54% | -6.94% |
Correlation
The correlation between KIE and RNR is 0.54, 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 | 0.54 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.59 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.59 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.60 |
Correlation (All Time) Calculated using the full available price history since Nov 15, 2005 | 0.60 |
The correlation between KIE and RNR has been stable across timeframes, ranging from 0.54 to 0.60 - a consistent structural relationship.
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Return for Risk
KIE vs. RNR — Risk / Return Rank
KIE
RNR
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.
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.
| KIE | RNR | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.05 | ||
| Sortino ratioReturn per unit of downside risk | -1.51 | ||
| Omega ratioGain probability vs. loss probability | 1.03 | 1.21 | -0.18 |
| Calmar ratioReturn relative to maximum drawdown | 0.14 | 1.99 | -1.85 |
| Martin ratioReturn relative to average drawdown | 0.34 | 6.46 | -6.12 |
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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.
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Drawdown Indicators
| KIE | RNR | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -75.30% | -45.67% | -29.63% |
Max Drawdown (1Y)Largest decline over 1 year | -11.81% | -13.27% | +1.46% |
Max Drawdown (3Y)Largest decline over 3 years | -12.65% | -23.10% | +10.45% |
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 DrawdownCurrent decline from peak | -1.45% | -2.29% | +0.84% |
Average DrawdownAverage peak-to-trough decline | -12.02% | -10.25% | -1.77% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.92% | 4.10% | +0.82% |
Volatility
KIE vs. RNR - Volatility Comparison
The current volatility for SPDR S&P Insurance ETF (KIE) is 5.85%, while RenaissanceRe Holdings Ltd. (RNR) has a volatility of 8.26%. This indicates that KIE experiences smaller price fluctuations and is considered to be less risky than RNR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| KIE | RNR | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.85% | 8.26% | -2.41% |
Volatility (6M)Calculated over the trailing 6-month period | 11.85% | 16.64% | -4.79% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.46% | 23.01% | -6.55% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.38% | 27.66% | -9.28% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.16% | 26.89% | -5.73% |
Dividends
KIE vs. RNR - Dividend Comparison
KIE's dividend yield for the trailing twelve months is around 1.64%, more than RNR's 0.53% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
RNR RenaissanceRe Holdings Ltd. | 0.53% | 0.57% | 0.63% | 0.78% | 0.80% | 0.85% | 0.84% | 0.69% | 0.99% | 1.02% | 0.91% | 1.06% |
Frequently Asked Questions
KIE and RNR have a correlation of 0.54, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
RNR has higher volatility (8.26%) compared to KIE (5.85%). In terms of maximum drawdown, KIE dropped -75.30% vs RNR's -45.67%.
RNR currently has the higher Sharpe Ratio (1.15 vs 0.10), 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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