KRE vs. DPST
Compare and contrast key facts about SPDR S&P Regional Banking ETF (KRE) and Direxion Daily Regional Banks Bull 3X Shares (DPST).
KRE and DPST are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. KRE is a passively managed fund by State Street that tracks the performance of the S&P Regional Banks Select Industry Index. It was launched on Jun 19, 2006. DPST is a passively managed fund by Direxion that tracks the performance of the Solactive US Regional Banks Total Return Index (300%). It was launched on Aug 19, 2015. Both KRE and DPST 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: KRE or DPST.
Performance
KRE vs. DPST - Performance Comparison
Returns By Period
In the year-to-date period, KRE achieves a 28.26% return, which is significantly lower than DPST's 50.82% return.
KRE
28.26%
10.19%
32.24%
49.96%
6.49%
7.70%
DPST
50.82%
25.31%
87.99%
129.94%
-29.71%
N/A
Key characteristics
| KRE | DPST | |
|---|---|---|
| Sharpe Ratio | 1.72 | 1.54 |
| Sortino Ratio | 2.62 | 2.38 |
| Omega Ratio | 1.32 | 1.29 |
| Calmar Ratio | 1.27 | 1.45 |
| Martin Ratio | 7.45 | 5.70 |
| Ulcer Index | 7.01% | 24.65% |
| Daily Std Dev | 30.46% | 91.22% |
| Max Drawdown | -68.54% | -97.73% |
| Current Drawdown | -9.48% | -91.50% |
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KRE vs. DPST - Expense Ratio Comparison
KRE has a 0.35% expense ratio, which is lower than DPST's 0.99% expense ratio.
Correlation
The correlation between KRE and DPST is 0.96, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Risk-Adjusted Performance
KRE vs. DPST - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR S&P Regional Banking ETF (KRE) and Direxion Daily Regional Banks Bull 3X Shares (DPST). 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
KRE vs. DPST - Dividend Comparison
KRE's dividend yield for the trailing twelve months is around 2.41%, more than DPST's 1.35% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
KRE SPDR S&P Regional Banking ETF | 2.41% | 2.99% | 2.51% | 1.97% | 2.78% | 2.21% | 2.25% | 1.40% | 1.39% | 1.80% | 1.60% | 1.37% |
DPST Direxion Daily Regional Banks Bull 3X Shares | 1.35% | 1.78% | 1.51% | 0.59% | 0.90% | 1.29% | 2.18% | 0.30% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
KRE vs. DPST - Drawdown Comparison
The maximum KRE drawdown since its inception was -68.54%, smaller than the maximum DPST drawdown of -97.73%. Use the drawdown chart below to compare losses from any high point for KRE and DPST. For additional features, visit the drawdowns tool.
Volatility
KRE vs. DPST - Volatility Comparison
The current volatility for SPDR S&P Regional Banking ETF (KRE) is 14.76%, while Direxion Daily Regional Banks Bull 3X Shares (DPST) has a volatility of 41.12%. This indicates that KRE experiences smaller price fluctuations and is considered to be less risky than DPST based on this measure. The chart below showcases a comparison of their rolling one-month volatility.