KRE vs. IAT
Compare and contrast key facts about SPDR S&P Regional Banking ETF (KRE) and iShares U.S. Regional Banks ETF (IAT).
KRE and IAT 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. IAT is a passively managed fund by iShares that tracks the performance of the Dow Jones U.S. Select Regional Banks Index. It was launched on May 5, 2006. Both KRE and IAT 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 IAT.
Performance
KRE vs. IAT - Performance Comparison
Returns By Period
In the year-to-date period, KRE achieves a 27.17% return, which is significantly lower than IAT's 32.92% return. Both investments have delivered pretty close results over the past 10 years, with KRE having a 7.60% annualized return and IAT not far behind at 7.50%.
KRE
27.17%
12.56%
32.53%
52.25%
6.18%
7.60%
IAT
32.92%
10.92%
30.06%
57.39%
5.14%
7.50%
Key characteristics
| KRE | IAT | |
|---|---|---|
| Sharpe Ratio | 1.61 | 2.07 |
| Sortino Ratio | 2.49 | 3.07 |
| Omega Ratio | 1.30 | 1.37 |
| Calmar Ratio | 1.19 | 1.20 |
| Martin Ratio | 6.97 | 12.67 |
| Ulcer Index | 7.01% | 4.30% |
| Daily Std Dev | 30.41% | 26.29% |
| Max Drawdown | -68.54% | -77.23% |
| Current Drawdown | -10.26% | -13.95% |
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KRE vs. IAT - Expense Ratio Comparison
KRE has a 0.35% expense ratio, which is lower than IAT's 0.42% expense ratio.
Correlation
The correlation between KRE and IAT is 0.95, 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. IAT - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR S&P Regional Banking ETF (KRE) and iShares U.S. Regional Banks ETF (IAT). 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. IAT - Dividend Comparison
KRE's dividend yield for the trailing twelve months is around 2.43%, less than IAT's 2.90% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
KRE SPDR S&P Regional Banking ETF | 2.43% | 2.99% | 2.51% | 1.97% | 2.78% | 2.21% | 2.25% | 1.40% | 1.39% | 1.80% | 1.60% | 1.37% |
IAT iShares U.S. Regional Banks ETF | 2.90% | 3.56% | 3.12% | 1.88% | 2.87% | 2.49% | 2.48% | 1.56% | 1.52% | 1.78% | 1.68% | 1.56% |
Drawdowns
KRE vs. IAT - Drawdown Comparison
The maximum KRE drawdown since its inception was -68.54%, smaller than the maximum IAT drawdown of -77.23%. Use the drawdown chart below to compare losses from any high point for KRE and IAT. For additional features, visit the drawdowns tool.
Volatility
KRE vs. IAT - Volatility Comparison
SPDR S&P Regional Banking ETF (KRE) has a higher volatility of 14.37% compared to iShares U.S. Regional Banks ETF (IAT) at 12.21%. This indicates that KRE's price experiences larger fluctuations and is considered to be riskier than IAT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.