KIE vs. TQQQ
Compare and contrast key facts about SPDR S&P Insurance ETF (KIE) and ProShares UltraPro QQQ (TQQQ).
KIE and TQQQ 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. TQQQ is a passively managed fund by ProShares that tracks the performance of the NASDAQ-100 Index (300%). It was launched on Feb 9, 2010. Both KIE and TQQQ 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 TQQQ.
Key characteristics
| KIE | TQQQ | |
|---|---|---|
| YTD Return | 31.00% | 64.96% |
| 1Y Return | 38.22% | 119.79% |
| 3Y Return (Ann) | 14.96% | 0.92% |
| 5Y Return (Ann) | 12.91% | 36.02% |
| 10Y Return (Ann) | 12.40% | 36.15% |
| Sharpe Ratio | 2.61 | 2.20 |
| Sortino Ratio | 3.44 | 2.54 |
| Omega Ratio | 1.45 | 1.34 |
| Calmar Ratio | 4.53 | 2.04 |
| Martin Ratio | 14.66 | 9.24 |
| Ulcer Index | 2.58% | 12.40% |
| Daily Std Dev | 14.51% | 52.07% |
| Max Drawdown | -75.30% | -81.66% |
| Current Drawdown | -0.09% | -3.47% |
Correlation
The correlation between KIE and TQQQ is 0.56, 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.
Performance
KIE vs. TQQQ - Performance Comparison
In the year-to-date period, KIE achieves a 31.00% return, which is significantly lower than TQQQ's 64.96% return. Over the past 10 years, KIE has underperformed TQQQ with an annualized return of 12.40%, while TQQQ has yielded a comparatively higher 36.15% 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. TQQQ - Expense Ratio Comparison
KIE has a 0.35% expense ratio, which is lower than TQQQ's 0.95% expense ratio.
Risk-Adjusted Performance
KIE vs. TQQQ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR S&P Insurance ETF (KIE) and ProShares UltraPro QQQ (TQQQ). 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. TQQQ - Dividend Comparison
KIE's dividend yield for the trailing twelve months is around 1.29%, more than TQQQ's 1.15% 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% |
TQQQ ProShares UltraPro QQQ | 1.15% | 1.26% | 0.57% | 0.00% | 0.00% | 0.06% | 0.11% | 0.00% | 0.00% | 0.01% | 0.03% | 0.00% |
Drawdowns
KIE vs. TQQQ - Drawdown Comparison
The maximum KIE drawdown since its inception was -75.30%, smaller than the maximum TQQQ drawdown of -81.66%. Use the drawdown chart below to compare losses from any high point for KIE and TQQQ. For additional features, visit the drawdowns tool.
Volatility
KIE vs. TQQQ - Volatility Comparison
The current volatility for SPDR S&P Insurance ETF (KIE) is 6.12%, while ProShares UltraPro QQQ (TQQQ) has a volatility of 15.47%. This indicates that KIE experiences smaller price fluctuations and is considered to be less risky than TQQQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.