KRE vs. IP
KRE (SPDR S&P Regional Banking ETF) is Financials Equities fund tracking the S&P Regional Banks Select Industry Index, while IP (International Paper Company) is a stock. Over the past 10 years, KRE returned 9.20%/yr vs 3.48%/yr for IP. A 0.53 correlation means they provide meaningful diversification when combined.
Performance
KRE vs. IP - Performance Comparison
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Returns By Period
In the year-to-date period, KRE achieves a 13.93% return, which is significantly higher than IP's -5.93% return. Over the past 10 years, KRE has outperformed IP with an annualized return of 9.20%, while IP has yielded a comparatively lower 3.48% annualized return.
KRE
- 1D
- 1.47%
- 1M
- 9.62%
- YTD
- 13.93%
- 6M
- 10.76%
- 1Y
- 33.87%
- 3Y*
- 21.99%
- 5Y*
- 4.16%
- 10Y*
- 9.20%
IP
- 1D
- 3.43%
- 1M
- 21.24%
- YTD
- -5.93%
- 6M
- -3.85%
- 1Y
- -17.46%
- 3Y*
- 9.44%
- 5Y*
- -5.62%
- 10Y*
- 3.48%
KRE vs. IP - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
KRE SPDR S&P Regional Banking ETF | 13.93% | 10.21% | 18.58% | -7.61% | -15.08% | 39.29% | -7.43% | 27.44% | -18.81% | 7.49% |
IP International Paper Company | -5.93% | -23.83% | 55.31% | 10.20% | -23.05% | 3.48% | 13.83% | 19.47% | -27.72% | 13.13% |
Correlation
The correlation between KRE and IP is 0.41, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.41 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.42 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.51 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.53 |
Correlation (All Time) Calculated using the full available price history since Jun 22, 2006 | 0.53 |
The correlation between KRE and IP shifts across timeframes, from 0.41 (1 year) to 0.53 (10 years), reflecting how their relationship changes across market environments.
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Return for Risk
KRE vs. IP — Risk / Return Rank
KRE
IP
KRE vs. IP - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR S&P Regional Banking ETF (KRE) and International Paper Company (IP). 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 | IP | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.76 | ||
| Sortino ratioReturn per unit of downside risk | +2.24 | ||
| Omega ratioGain probability vs. loss probability | 1.24 | 0.95 | +0.30 |
| Calmar ratioReturn relative to maximum drawdown | 2.03 | -0.43 | +2.47 |
| Martin ratioReturn relative to average drawdown | 5.29 | -0.78 | +6.06 |
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Drawdowns
KRE vs. IP - Drawdown Comparison
The maximum KRE drawdown since its inception was -68.54%, smaller than the maximum IP drawdown of -90.62%. Use the drawdown chart below to compare losses from any high point for KRE and IP.
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Drawdown Indicators
| KRE | IP | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -68.54% | -90.62% | +22.08% |
Max Drawdown (1Y)Largest decline over 1 year | -14.95% | -45.52% | +30.57% |
Max Drawdown (3Y)Largest decline over 3 years | -28.20% | -48.61% | +20.41% |
Max Drawdown (5Y)Largest decline over 5 years | -52.69% | -48.61% | -4.08% |
Max Drawdown (10Y)Largest decline over 10 years | -54.92% | -55.27% | +0.35% |
Current DrawdownCurrent decline from peak | 0.00% | -35.82% | +35.82% |
Average DrawdownAverage peak-to-trough decline | -21.87% | -20.89% | -0.98% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.75% | 25.34% | -19.59% |
Volatility
KRE vs. IP - Volatility Comparison
The current volatility for SPDR S&P Regional Banking ETF (KRE) is 6.15%, while International Paper Company (IP) has a volatility of 15.74%. This indicates that KRE experiences smaller price fluctuations and is considered to be less risky than IP based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| KRE | IP | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.15% | 15.74% | -9.59% |
Volatility (6M)Calculated over the trailing 6-month period | 15.76% | 32.96% | -17.20% |
Volatility (1Y)Calculated over the trailing 1-year period | 23.37% | 42.63% | -19.26% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 29.99% | 32.86% | -2.87% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 31.93% | 32.35% | -0.42% |
Dividends
KRE vs. IP - Dividend Comparison
KRE's dividend yield for the trailing twelve months is around 2.14%, less than IP's 5.12% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IP International Paper Company | 5.12% | 4.70% | 3.44% | 5.12% | 5.34% | 4.08% | 4.12% | 4.37% | 4.77% | 3.21% | 3.36% | 4.35% |
KRE SPDR S&P Regional Banking ETF | 2.14% | 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 IP have a correlation of 0.41, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
IP has higher volatility (15.74%) compared to KRE (6.15%). In terms of maximum drawdown, KRE dropped -68.54% vs IP's -90.62%.
KRE currently has the higher Sharpe Ratio (1.30 vs -0.46), 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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