KRE vs. FHN
KRE (SPDR S&P Regional Banking ETF) is Financials Equities fund tracking the S&P Regional Banks Select Industry Index, while FHN (First Horizon Corporation) is a stock. Over the past 10 years, KRE returned 9.72%/yr vs 10.28%/yr for FHN. Their correlation of 0.81 suggests significant overlap in exposure.
Performance
KRE vs. FHN - Performance Comparison
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Returns By Period
In the year-to-date period, KRE achieves a 15.47% return, which is significantly higher than FHN's 5.92% return. Over the past 10 years, KRE has underperformed FHN with an annualized return of 9.72%, while FHN has yielded a comparatively higher 10.28% annualized return.
KRE
- 1D
- 1.16%
- 1M
- 7.25%
- YTD
- 15.47%
- 6M
- 12.15%
- 1Y
- 29.69%
- 3Y*
- 26.68%
- 5Y*
- 4.63%
- 10Y*
- 9.72%
FHN
- 1D
- 0.56%
- 1M
- 3.68%
- YTD
- 5.92%
- 6M
- 3.16%
- 1Y
- 26.76%
- 3Y*
- 36.06%
- 5Y*
- 11.10%
- 10Y*
- 10.28%
KRE vs. FHN - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
KRE SPDR S&P Regional Banking ETF | 15.47% | 10.21% | 18.58% | -7.61% | -15.08% | 39.29% | -7.43% | 27.44% | -18.81% | 7.49% |
FHN First Horizon Corporation | 5.92% | 22.12% | 47.68% | -39.44% | 53.94% | 32.61% | -18.45% | 30.48% | -32.35% | 1.93% |
Correlation
The correlation between KRE and FHN is 0.85, 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 | 0.85 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.84 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.79 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.84 |
Correlation (All Time) Calculated using the full available price history since Jun 22, 2006 | 0.81 |
The correlation between KRE and FHN has been stable across timeframes, ranging from 0.79 to 0.85 - a consistent structural relationship.
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Return for Risk
KRE vs. FHN — Risk / Return Rank
KRE
FHN
KRE vs. FHN - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR S&P Regional Banking ETF (KRE) and First Horizon Corporation (FHN). 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 | FHN | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.23 | ||
| Sortino ratioReturn per unit of downside risk | +0.38 | ||
| Omega ratioGain probability vs. loss probability | 1.24 | 1.20 | +0.04 |
| Calmar ratioReturn relative to maximum drawdown | 1.99 | 1.63 | +0.37 |
| Martin ratioReturn relative to average drawdown | 5.18 | 4.01 | +1.17 |
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Drawdowns
KRE vs. FHN - Drawdown Comparison
The maximum KRE drawdown since its inception was -68.54%, smaller than the maximum FHN drawdown of -87.74%. Use the drawdown chart below to compare losses from any high point for KRE and FHN.
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Drawdown Indicators
| KRE | FHN | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -68.54% | -87.74% | +19.20% |
Max Drawdown (1Y)Largest decline over 1 year | -14.95% | -16.52% | +1.57% |
Max Drawdown (3Y)Largest decline over 3 years | -28.20% | -27.14% | -1.06% |
Max Drawdown (5Y)Largest decline over 5 years | -52.69% | -60.76% | +8.07% |
Max Drawdown (10Y)Largest decline over 10 years | -54.92% | -64.25% | +9.33% |
Current DrawdownCurrent decline from peak | 0.00% | -3.49% | +3.49% |
Average DrawdownAverage peak-to-trough decline | -21.84% | -20.06% | -1.78% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.75% | 6.69% | -0.94% |
Volatility
KRE vs. FHN - Volatility Comparison
SPDR S&P Regional Banking ETF (KRE) has a higher volatility of 6.40% compared to First Horizon Corporation (FHN) at 5.61%. This indicates that KRE's price experiences larger fluctuations and is considered to be riskier than FHN based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| KRE | FHN | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.40% | 5.61% | +0.79% |
Volatility (6M)Calculated over the trailing 6-month period | 16.08% | 16.98% | -0.90% |
Volatility (1Y)Calculated over the trailing 1-year period | 23.25% | 25.55% | -2.30% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 29.84% | 37.01% | -7.17% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 31.84% | 38.93% | -7.09% |
Dividends
KRE vs. FHN - Dividend Comparison
KRE's dividend yield for the trailing twelve months is around 2.16%, less than FHN's 2.57% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FHN First Horizon Corporation | 2.57% | 2.51% | 2.98% | 4.24% | 2.45% | 3.67% | 4.70% | 3.38% | 3.65% | 1.80% | 1.40% | 1.65% |
KRE SPDR S&P Regional Banking ETF | 2.16% | 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 FHN have a correlation of 0.85, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
KRE has higher volatility (6.40%) compared to FHN (5.61%). In terms of maximum drawdown, KRE dropped -68.54% vs FHN's -87.74%.
KRE currently has the higher Sharpe Ratio (1.28 vs 1.05), 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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