KRE vs. FDIQ
KRE (SPDR S&P Regional Banking ETF) and FDIQ (Invesco Bloomberg Financial Data Providers ETF) are both Financials Equities funds - KRE tracks the S&P Regional Banks Select Industry Index while FDIQ tracks the Bloomberg Financial Data Providers Index. Both are passively managed. Over the past 10 years, KRE returned 7.80%/yr vs 7.60%/yr for FDIQ. Their correlation of 0.94 suggests significant overlap in exposure. Both charge a 0.35% expense ratio.
Performance
KRE vs. FDIQ - Performance Comparison
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Returns By Period
In the year-to-date period, KRE achieves a 5.35% return, which is significantly lower than FDIQ's 9.72% return. Both investments have delivered pretty close results over the past 10 years, with KRE having a 7.80% annualized return and FDIQ not far behind at 7.60%.
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%
FDIQ
- 1D
- -0.97%
- 1M
- -5.53%
- YTD
- 9.72%
- 6M
- 10.28%
- 1Y
- 22.98%
- 3Y*
- 18.27%
- 5Y*
- 3.82%
- 10Y*
- 7.60%
KRE vs. FDIQ - 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% |
FDIQ Invesco Bloomberg Financial Data Providers ETF | 9.72% | 6.32% | 12.76% | -0.84% | -7.23% | 36.05% | -8.95% | 23.57% | -18.31% | 1.81% |
Correlation
The correlation between KRE and FDIQ is 0.80, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.80 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.93 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.95 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.96 |
Correlation (All Time) Calculated using the full available price history since Nov 2, 2011 | 0.94 |
The correlation between KRE and FDIQ shifts across timeframes, from 0.80 (1 year) to 0.96 (10 years), reflecting how their relationship changes across market environments.
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Return for Risk
KRE vs. FDIQ — Risk / Return Rank
KRE
FDIQ
KRE vs. FDIQ - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR S&P Regional Banking ETF (KRE) and Invesco Bloomberg Financial Data Providers ETF (FDIQ). 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 | FDIQ | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.12 | ||
| Sortino ratioReturn per unit of downside risk | -0.21 | ||
| Omega ratioGain probability vs. loss probability | 1.18 | 1.20 | -0.03 |
| Calmar ratioReturn relative to maximum drawdown | 1.44 | 2.07 | -0.64 |
| Martin ratioReturn relative to average drawdown | 3.72 | 5.26 | -1.54 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| KRE | FDIQ | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.92 | 1.04 | -0.12 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.06 | 0.13 | -0.07 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.24 | 0.24 | 0.00 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.13 | 0.37 | -0.24 |
Drawdowns
KRE vs. FDIQ - Drawdown Comparison
The maximum KRE drawdown since its inception was -68.54%, which is greater than FDIQ's maximum drawdown of -52.86%. Use the drawdown chart below to compare losses from any high point for KRE and FDIQ.
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Drawdown Indicators
| KRE | FDIQ | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -68.54% | -52.86% | -15.68% |
Max Drawdown (1Y)Largest decline over 1 year | -14.95% | -11.13% | -3.82% |
Max Drawdown (3Y)Largest decline over 3 years | -28.20% | -28.09% | -0.11% |
Max Drawdown (5Y)Largest decline over 5 years | -52.69% | -42.99% | -9.70% |
Max Drawdown (10Y)Largest decline over 10 years | -54.92% | -52.86% | -2.06% |
Current DrawdownCurrent decline from peak | -7.27% | -8.53% | +1.26% |
Average DrawdownAverage peak-to-trough decline | -21.90% | -11.56% | -10.34% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.75% | 4.38% | +1.37% |
Volatility
KRE vs. FDIQ - Volatility Comparison
SPDR S&P Regional Banking ETF (KRE) has a higher volatility of 6.14% compared to Invesco Bloomberg Financial Data Providers ETF (FDIQ) at 4.06%. This indicates that KRE's price experiences larger fluctuations and is considered to be riskier than FDIQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| KRE | FDIQ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.14% | 4.06% | +2.08% |
Volatility (6M)Calculated over the trailing 6-month period | 15.84% | 13.93% | +1.91% |
Volatility (1Y)Calculated over the trailing 1-year period | 23.37% | 22.14% | +1.23% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 29.98% | 28.70% | +1.28% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 31.92% | 31.12% | +0.80% |
KRE vs. FDIQ - Expense Ratio Comparison
Both KRE and FDIQ have an expense ratio of 0.35%.
Dividends
KRE vs. FDIQ - Dividend Comparison
KRE's dividend yield for the trailing twelve months is around 2.32%, less than FDIQ's 2.56% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FDIQ Invesco Bloomberg Financial Data Providers ETF | 2.56% | 2.66% | 2.69% | 2.89% | 2.51% | 2.04% | 2.92% | 2.44% | 2.45% | 1.59% | 1.50% | 1.92% |
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
KRE and FDIQ have a correlation of 0.80, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
KRE has higher volatility (6.14%) compared to FDIQ (4.06%). In terms of maximum drawdown, KRE dropped -68.54% vs FDIQ's -52.86%.
On 10-year performance, KRE leads with 7.80% vs 7.60% for FDIQ. Both ETFs have the same 0.35% expense ratio. On volatility, FDIQ has been the lower-risk option at 4.06%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 10-year period, KRE has performed better with a 7.80% return vs 7.60%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
KRE and FDIQ have the same expense ratio: 0.35% per year.
FDIQ has the higher dividend yield at 2.56%, compared with 2.32% for KRE.
KRE tracks S&P Regional Banks Select Industry Index, while FDIQ tracks Bloomberg Financial Data Providers Index. They also come from different issuers: State Street and Invesco.
FDIQ currently has the higher Sharpe Ratio (1.04 vs 0.92), 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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