KRE vs. BAC
KRE (SPDR S&P Regional Banking ETF) is Financials Equities fund tracking the S&P Regional Banks Select Industry Index, while BAC (Bank of America Corporation) is a stock. Over the past 10 years, KRE returned 9.20%/yr vs 18.19%/yr for BAC. A 0.76 correlation means they provide meaningful diversification when combined.
Performance
KRE vs. BAC - Performance Comparison
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Returns By Period
In the year-to-date period, KRE achieves a 13.93% return, which is significantly higher than BAC's 3.72% return. Over the past 10 years, KRE has underperformed BAC with an annualized return of 9.20%, while BAC has yielded a comparatively higher 18.19% annualized return.
KRE
- 1D
- 1.47%
- 1M
- 9.62%
- YTD
- 13.93%
- 6M
- 10.76%
- 1Y
- 33.87%
- 3Y*
- 21.99%
- 5Y*
- 4.16%
- 10Y*
- 9.20%
BAC
- 1D
- 2.31%
- 1M
- 13.98%
- YTD
- 3.72%
- 6M
- 3.46%
- 1Y
- 30.78%
- 3Y*
- 27.43%
- 5Y*
- 8.79%
- 10Y*
- 18.19%
KRE vs. BAC - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
KRE SPDR S&P Regional Banking ETF | 13.93% | 10.21% | 18.58% | -7.61% | -15.08% | 39.29% | -7.43% | 27.44% | -18.81% | 7.49% |
BAC Bank of America Corporation | 3.72% | 28.04% | 33.85% | 4.83% | -23.82% | 49.61% | -11.63% | 46.19% | -15.00% | 35.69% |
Correlation
The correlation between KRE and BAC is 0.66, 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 | 0.66 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.74 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.77 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.81 |
Correlation (All Time) Calculated using the full available price history since Jun 22, 2006 | 0.76 |
The correlation between KRE and BAC shifts across timeframes, from 0.66 (1 year) to 0.81 (10 years), reflecting how their relationship changes across market environments.
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Return for Risk
KRE vs. BAC — Risk / Return Rank
KRE
BAC
KRE vs. BAC - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR S&P Regional Banking ETF (KRE) and Bank of America Corporation (BAC). 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.
| KRE | BAC | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.06 | ||
| Sortino ratioReturn per unit of downside risk | 0.00 | ||
| Omega ratioGain probability vs. loss probability | 1.24 | 1.24 | +0.01 |
| Calmar ratioReturn relative to maximum drawdown | 2.03 | 1.64 | +0.40 |
| Martin ratioReturn relative to average drawdown | 5.29 | 4.21 | +1.08 |
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Drawdowns
KRE vs. BAC - Drawdown Comparison
The maximum KRE drawdown since its inception was -68.54%, smaller than the maximum BAC drawdown of -93.10%. Use the drawdown chart below to compare losses from any high point for KRE and BAC.
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Drawdown Indicators
| KRE | BAC | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -68.54% | -93.10% | +24.56% |
Max Drawdown (1Y)Largest decline over 1 year | -14.95% | -17.93% | +2.98% |
Max Drawdown (3Y)Largest decline over 3 years | -28.20% | -27.51% | -0.69% |
Max Drawdown (5Y)Largest decline over 5 years | -52.69% | -46.64% | -6.05% |
Max Drawdown (10Y)Largest decline over 10 years | -54.92% | -48.95% | -5.97% |
Current DrawdownCurrent decline from peak | 0.00% | -0.36% | +0.36% |
Average DrawdownAverage peak-to-trough decline | -21.87% | -28.30% | +6.43% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.75% | 6.96% | -1.21% |
Volatility
KRE vs. BAC - Volatility Comparison
SPDR S&P Regional Banking ETF (KRE) has a higher volatility of 6.15% compared to Bank of America Corporation (BAC) at 5.49%. This indicates that KRE's price experiences larger fluctuations and is considered to be riskier than BAC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| KRE | BAC | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.15% | 5.49% | +0.66% |
Volatility (6M)Calculated over the trailing 6-month period | 15.76% | 16.57% | -0.81% |
Volatility (1Y)Calculated over the trailing 1-year period | 23.37% | 21.62% | +1.75% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 29.99% | 26.89% | +3.10% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 31.93% | 30.68% | +1.25% |
Dividends
KRE vs. BAC - Dividend Comparison
KRE's dividend yield for the trailing twelve months is around 2.14%, less than BAC's 2.72% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BAC Bank of America Corporation | 2.72% | 1.96% | 2.28% | 2.73% | 2.60% | 1.75% | 2.38% | 1.87% | 2.19% | 1.32% | 1.13% | 1.19% |
KRE SPDR S&P Regional Banking ETF | 2.14% | 2.45% | 2.59% | 2.99% | 2.51% | 1.97% | 2.78% | 2.21% | 2.48% | 1.40% | 1.40% | 1.80% |
Frequently Asked Questions
KRE and BAC have a correlation of 0.66, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
KRE has higher volatility (6.15%) compared to BAC (5.49%). In terms of maximum drawdown, KRE dropped -68.54% vs BAC's -93.10%.
BAC currently has the higher Sharpe Ratio (1.36 vs 1.30), 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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