KRE vs. CMA

Last updated Jun 4, 2026

KRE (SPDR S&P Regional Banking ETF) is Financials Equities fund tracking the S&P Regional Banks Select Industry Index, while CMA (Comerica Incorporated) is a stock. Their correlation of 0.84 suggests significant overlap in exposure.

Performance

KRE vs. CMA - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in SPDR S&P Regional Banking ETF (KRE) and Comerica Incorporated (CMA). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

KRE

• 1D: -2.39%
• 1M: -1.61%
• YTD: 5.35%
• 6M: 6.27%
• 1Y: 21.36%
• 3Y*: 20.63%
• 5Y*: 1.92%
• 10Y*: 7.80%

CMA

• 1D: —
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

KRE vs. CMA - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
KRE SPDR S&P Regional Banking ETF	5.35%	10.21%	18.58%	-7.61%	-15.08%	39.29%	-7.43%	27.44%	-18.81%	7.49%
CMA Comerica Incorporated	2.00%	46.73%	16.74%	-11.09%	-20.38%	61.53%	-16.79%	8.46%	-19.18%	29.34%

Correlation

The correlation between KRE and CMA is 0.59, 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	0.59
Correlation (3Y) Calculated over the trailing 3-year period	0.79
Correlation (5Y) Calculated over the trailing 5-year period	0.83
Correlation (10Y) Calculated over the trailing 10-year period	0.87
Correlation (All Time) Calculated using the full available price history since Jun 23, 2006	0.84

Over the past year, the correlation between KRE and CMA has dropped to 0.59 - well below their long-term average of 0.84, suggesting their price drivers have been diverging.

Return for Risk

KRE vs. CMA — Risk / Return Rank

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

KRE

KRE Risk / Return Rank: 26
KRE Sharpe Ratio Rank: 25
KRE Sortino Ratio Rank: 25
KRE Omega Ratio Rank: 26
KRE Calmar Ratio Rank: 29
KRE Martin Ratio Rank: 26

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.

KRE vs. CMA - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for SPDR S&P Regional Banking ETF (KRE) and Comerica Incorporated (CMA). 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.

	KRE	CMA	Difference
Sharpe ratio Return per unit of total volatility	0.92	—	—
Sortino ratio Return per unit of downside risk	1.39	—	—
Omega ratio Gain probability vs. loss probability	1.18	—	—
Calmar ratio Return relative to maximum drawdown	1.44	—	—
Martin ratio Return relative to average drawdown	3.72	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	KRE	CMA	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.92	—	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.06	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.24	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.13	—	—

Drawdowns

Drawdown Indicators

	KRE	CMA	Difference
Max Drawdown Largest peak-to-trough decline	-68.54%	—	—
Max Drawdown (1Y) Largest decline over 1 year	-14.95%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-28.20%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-52.69%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-54.92%	—	—
Current Drawdown Current decline from peak	-7.27%	—	—
Average Drawdown Average peak-to-trough decline	-21.90%	—	—
Ulcer Index Depth and duration of drawdowns from previous peaks	5.75%	—	—

Volatility

Volatility by Period

	KRE	CMA	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.14%	—	—
Volatility (6M) Calculated over the trailing 6-month period	15.84%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	23.37%	—	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	29.98%	—	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	31.92%	—	—

Dividends

KRE vs. CMA - Dividend Comparison

KRE's dividend yield for the trailing twelve months is around 2.32%, less than CMA's 2.40% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
CMA Comerica Incorporated	2.40%	3.27%	4.59%	5.09%	4.07%	3.13%	4.87%	3.74%	2.68%	1.26%	1.31%	1.98%
KRE SPDR S&P Regional Banking ETF	2.32%	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

Can I hold both KRE and CMA in my portfolio?

KRE and CMA have a correlation of 0.59, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.