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KRE vs. FTXO
Performance
Return for Risk
Drawdowns
Volatility
Dividends

KRE vs. FTXO

Last updated Jun 5, 2026

KRE (SPDR S&P Regional Banking ETF) and FTXO (First Trust Nasdaq Bank ETF) are both Financials Equities funds - KRE tracks the S&P Regional Banks Select Industry Index while FTXO tracks the NASDAQ US Banks Index. Both are passively managed. Over the past 5 years, KRE returned 2.55%/yr vs 6.06%/yr for FTXO. With a 0.96 correlation, they move nearly in lockstep. KRE charges 0.35%/yr vs 0.60%/yr for FTXO.

Performance

KRE vs. FTXO - Performance Comparison

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

Loading charts...

Returns By Period

In the year-to-date period, KRE achieves a 8.60% return, which is significantly higher than FTXO's 4.26% return.

KRE

1D
3.09%
1M
0.09%
YTD
8.60%
6M
9.18%
1Y
26.69%
3Y*
22.93%
5Y*
2.55%
10Y*
7.97%

FTXO

1D
3.42%
1M
1.23%
YTD
4.26%
6M
7.64%
1Y
28.90%
3Y*
26.19%
5Y*
6.06%
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

KRE vs. FTXO - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
KRE
SPDR S&P Regional Banking ETF		8.60%10.21%18.58%-7.61%-15.08%39.29%-7.43%27.44%-18.81%7.49%
FTXO
First Trust Nasdaq Bank ETF		4.26%21.32%29.05%0.05%-17.93%40.53%-12.53%30.11%-21.79%14.25%

Correlation

The correlation between KRE and FTXO is 0.92, 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

0.92

Correlation (3Y)
Calculated over the trailing 3-year period

0.95

Correlation (5Y)
Calculated over the trailing 5-year period

0.95

Correlation (All Time)
Calculated using the full available price history since Oct 10, 2016

0.96

The correlation between KRE and FTXO has been stable across timeframes, ranging from 0.92 to 0.96 - a consistent structural relationship.

KRE vs. FTXO - Sectors Allocation Comparison

Sectors
KRE
FTXO

Financial Services

100.0%
100.0%

Basic Materials

-

-

Communication Services

-

-

Consumer Cyclical

-

-

Consumer Defensive

-

-

Energy

-

-

Healthcare

-

-

Industrials

-

-

Real Estate

-

-

Technology

-

0.4%

Utilities

-

-

Financial Services

KRE
100.0%
FTXO
100.0%

Basic Materials

KRE

-

FTXO

-

Communication Services

KRE

-

FTXO

-

Consumer Cyclical

KRE

-

FTXO

-

Consumer Defensive

KRE

-

FTXO

-

Energy

KRE

-

FTXO

-

Healthcare

KRE

-

FTXO

-

Industrials

KRE

-

FTXO

-

Real Estate

KRE

-

FTXO

-

Technology

KRE

-

FTXO
0.4%

Utilities

KRE

-

FTXO

-

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

SPDR S&P Regional Banking ETF

First Trust Nasdaq Bank ETF

Often compared with KRE:
KRE vs. XLFKRE vs. KBEKRE vs. KBWBKRE vs. DPSTKRE vs. IATKRE vs. VFHKRE vs. VOO
Often compared with FTXO:
FTXO vs. KBWBFTXO vs. IYFFTXO vs. GSIBFTXO vs. IYGFTXO vs. XLFFTXO vs. DFNLFTXO vs. KBE

Return for Risk

KRE vs. FTXO — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
KRE
KRE Risk / Return Rank: 3333
Overall Rank
KRE Sharpe Ratio Rank: 3333
Sharpe Ratio Rank
KRE Sortino Ratio Rank: 3232
Sortino Ratio Rank
KRE Omega Ratio Rank: 3333
Omega Ratio Rank
KRE Calmar Ratio Rank: 3737
Calmar Ratio Rank
KRE Martin Ratio Rank: 3232
Martin Ratio Rank
FTXO
FTXO Risk / Return Rank: 3737
Overall Rank
FTXO Sharpe Ratio Rank: 3939
Sharpe Ratio Rank
FTXO Sortino Ratio Rank: 3838
Sortino Ratio Rank
FTXO Omega Ratio Rank: 3838
Omega Ratio Rank
FTXO Calmar Ratio Rank: 3636
Calmar Ratio Rank
FTXO Martin Ratio Rank: 3333
Martin Ratio Rank
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. FTXO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for SPDR S&P Regional Banking ETF (KRE) and First Trust Nasdaq Bank ETF (FTXO). 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.

KREFTXODifference
Sharpe ratioReturn per unit of total volatility
1.14
1.38

-0.24

Sortino ratioReturn per unit of downside risk
1.66
1.93

-0.27

Omega ratioGain probability vs. loss probability

1.22

1.25

-0.03

Calmar ratioReturn relative to maximum drawdown

1.79

1.74

+0.05

Martin ratioReturn relative to average drawdown

4.65

4.82

-0.17

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

KRE vs. FTXO - Sharpe Ratio Comparison

The current KRE Sharpe Ratio is 1.14, which is comparable to the FTXO Sharpe Ratio of 1.38. The chart below compares the historical Sharpe Ratios of KRE and FTXO, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Sharpe Ratios by Period

KREFTXODifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

1.14

1.38

-0.24

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.09

0.23

-0.14

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.25

—

—

Sharpe Ratio (All Time)

Calculated using the full available price history

0.13

0.32

-0.19

Drawdowns

KRE vs. FTXO - Drawdown Comparison

The maximum KRE drawdown since its inception was -68.54%, which is greater than FTXO's maximum drawdown of -55.26%. Use the drawdown chart below to compare losses from any high point for KRE and FTXO.

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Drawdown Indicators

KREFTXODifference

Max Drawdown

Largest peak-to-trough decline

-68.54%

-55.26%

-13.28%

Max Drawdown (1Y)

Largest decline over 1 year

-14.95%

-16.69%

+1.74%

Max Drawdown (3Y)

Largest decline over 3 years

-28.20%

-25.84%

-2.36%

Max Drawdown (5Y)

Largest decline over 5 years

-52.69%

-46.55%

-6.14%

Max Drawdown (10Y)

Largest decline over 10 years

-54.92%

—

—

Current Drawdown

Current decline from peak

-4.40%

-4.95%

+0.55%

Average Drawdown

Average peak-to-trough decline

-21.90%

-15.87%

-6.03%

Ulcer Index

Depth and duration of drawdowns from previous peaks

5.76%

6.02%

-0.26%

Volatility

KRE vs. FTXO - Volatility Comparison

SPDR S&P Regional Banking ETF (KRE) and First Trust Nasdaq Bank ETF (FTXO) have volatilities of 6.76% and 6.52%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

KREFTXODifference

Volatility (1M)

Calculated over the trailing 1-month period

6.76%

6.52%

+0.24%

Volatility (6M)

Calculated over the trailing 6-month period

16.10%

15.81%

+0.29%

Volatility (1Y)

Calculated over the trailing 1-year period

23.51%

21.02%

+2.49%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

30.01%

27.05%

+2.96%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

31.93%

30.00%

+1.93%

KRE vs. FTXO - Expense Ratio Comparison

KRE has a 0.35% expense ratio, which is lower than FTXO's 0.60% expense ratio.

Dividends

KRE vs. FTXO - Dividend Comparison

KRE's dividend yield for the trailing twelve months is around 2.25%, more than FTXO's 1.72% yield.

PositionTTM20252024202320222021202020192018201720162015
FTXO
First Trust Nasdaq Bank ETF		1.72%1.92%2.18%3.20%2.94%1.64%2.74%2.53%3.51%1.09%0.16%0.00%
KRE
SPDR S&P Regional Banking ETF		2.25%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

With a correlation of 0.92, KRE and FTXO move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

KRE has higher volatility (6.76%) compared to FTXO (6.52%). In terms of maximum drawdown, KRE dropped -68.54% vs FTXO's -55.26%.

On 5-year performance, FTXO leads with 6.06% vs 2.55% for KRE. On fees, KRE is cheaper at 0.35% per year. On volatility, FTXO has been the lower-risk option at 6.52%. The better choice depends on whether you care most about return, fees, risk, or income.

Over the 5-year period, FTXO has performed better with a 6.06% return vs 2.55%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

KRE is cheaper with a 0.35% expense ratio, compared with 0.60% for FTXO.

KRE has the higher dividend yield at 2.25%, compared with 1.72% for FTXO.

KRE tracks S&P Regional Banks Select Industry Index, while FTXO tracks NASDAQ US Banks Index. They also come from different issuers: State Street and First Trust. Their fees differ too: 0.35% for KRE and 0.60% for FTXO.

FTXO currently has the higher Sharpe Ratio (1.38 vs 1.14), 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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