KIE vs. SCHH
KIE (SPDR S&P Insurance ETF) and SCHH (Schwab US REIT ETF) are both exchange-traded funds - KIE is a Financials Equities fund tracking the S&P Insurance Select Industry Index, while SCHH is a REIT fund tracking the Dow Jones Equity All REIT Capped Index. Both are passively managed. Over the past 10 years, KIE returned 11.80%/yr vs 4.16%/yr for SCHH. A 0.55 correlation means they provide meaningful diversification when combined. KIE charges 0.35%/yr vs 0.07%/yr for SCHH.
Performance
KIE vs. SCHH - Performance Comparison
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Returns By Period
In the year-to-date period, KIE achieves a -2.30% return, which is significantly lower than SCHH's 13.92% return. Over the past 10 years, KIE has outperformed SCHH with an annualized return of 11.80%, while SCHH has yielded a comparatively lower 4.16% annualized return.
KIE
- 1D
- 0.42%
- 1M
- 1.48%
- YTD
- -2.30%
- 6M
- -3.66%
- 1Y
- 0.88%
- 3Y*
- 15.65%
- 5Y*
- 10.78%
- 10Y*
- 11.80%
SCHH
- 1D
- 1.24%
- 1M
- -0.08%
- YTD
- 13.92%
- 6M
- 14.36%
- 1Y
- 14.58%
- 3Y*
- 11.60%
- 5Y*
- 3.36%
- 10Y*
- 4.16%
KIE vs. SCHH - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
KIE SPDR S&P Insurance ETF | -2.30% | 8.12% | 26.95% | 12.18% | 3.48% | 22.75% | -3.04% | 27.19% | -5.99% | 12.83% |
SCHH Schwab US REIT ETF | 13.92% | 2.20% | 4.99% | 11.18% | -24.99% | 41.07% | -14.81% | 22.85% | -4.26% | 3.68% |
Correlation
The correlation between KIE and SCHH is 0.46, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.46 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.50 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.55 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.51 |
Correlation (All Time) Calculated using the full available price history since Jan 13, 2011 | 0.55 |
The correlation between KIE and SCHH has been stable across timeframes, ranging from 0.46 to 0.55 - a consistent structural relationship.
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Return for Risk
KIE vs. SCHH — Risk / Return Rank
KIE
SCHH
KIE vs. SCHH - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR S&P Insurance ETF (KIE) and Schwab US REIT ETF (SCHH). 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 | SCHH | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.00 | ||
| Sortino ratioReturn per unit of downside risk | -1.31 | ||
| Omega ratioGain probability vs. loss probability | 1.02 | 1.19 | -0.17 |
| Calmar ratioReturn relative to maximum drawdown | 0.07 | 1.77 | -1.69 |
| Martin ratioReturn relative to average drawdown | 0.18 | 5.53 | -5.35 |
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Drawdowns
KIE vs. SCHH - Drawdown Comparison
The maximum KIE drawdown since its inception was -75.30%, which is greater than SCHH's maximum drawdown of -44.22%. Use the drawdown chart below to compare losses from any high point for KIE and SCHH.
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Drawdown Indicators
| KIE | SCHH | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -75.30% | -44.22% | -31.08% |
Max Drawdown (1Y)Largest decline over 1 year | -11.81% | -8.28% | -3.53% |
Max Drawdown (3Y)Largest decline over 3 years | -12.65% | -17.76% | +5.11% |
Max Drawdown (5Y)Largest decline over 5 years | -15.68% | -33.28% | +17.60% |
Max Drawdown (10Y)Largest decline over 10 years | -44.31% | -44.22% | -0.09% |
Current DrawdownCurrent decline from peak | -3.71% | -2.07% | -1.64% |
Average DrawdownAverage peak-to-trough decline | -12.03% | -9.43% | -2.60% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.92% | 2.64% | +2.28% |
Volatility
KIE vs. SCHH - Volatility Comparison
SPDR S&P Insurance ETF (KIE) and Schwab US REIT ETF (SCHH) have volatilities of 5.39% and 5.21%, 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.
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Volatility by Period
| KIE | SCHH | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.39% | 5.21% | +0.18% |
Volatility (6M)Calculated over the trailing 6-month period | 11.63% | 10.38% | +1.25% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.32% | 13.86% | +2.46% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.35% | 18.76% | -0.41% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.21% | 21.02% | +0.19% |
KIE vs. SCHH - Expense Ratio Comparison
KIE has a 0.35% expense ratio, which is higher than SCHH's 0.07% expense ratio.
Dividends
KIE vs. SCHH - Dividend Comparison
KIE's dividend yield for the trailing twelve months is around 1.96%, less than SCHH's 2.75% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
KIE SPDR S&P Insurance ETF | 1.96% | 1.57% | 1.48% | 1.45% | 1.90% | 1.95% | 1.85% | 1.76% | 1.83% | 1.56% | 1.55% | 1.65% |
SCHH Schwab US REIT ETF | 2.75% | 3.04% | 3.22% | 3.24% | 2.55% | 1.50% | 2.86% | 2.86% | 3.64% | 2.22% | 2.81% | 2.48% |
Frequently Asked Questions
KIE and SCHH have a correlation of 0.46, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
KIE has higher volatility (5.39%) compared to SCHH (5.21%). In terms of maximum drawdown, KIE dropped -75.30% vs SCHH's -44.22%.
On 10-year performance, KIE leads with 11.80% vs 4.16% for SCHH. On fees, SCHH is cheaper at 0.07% per year. On volatility, SCHH has been the lower-risk option at 5.21%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 10-year period, KIE has performed better with a 11.80% return vs 4.16%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
SCHH is cheaper with a 0.07% expense ratio, compared with 0.35% for KIE.
SCHH has the higher dividend yield at 2.75%, compared with 1.96% for KIE.
KIE is categorized as Financials Equities, while SCHH is REIT. KIE tracks S&P Insurance Select Industry Index, while SCHH tracks Dow Jones Equity All REIT Capped Index. They also come from different issuers: State Street and Charles Schwab. Their fees differ too: 0.35% for KIE and 0.07% for SCHH.
SCHH currently has the higher Sharpe Ratio (1.06 vs 0.05), 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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