KRE vs. KBE
Compare and contrast key facts about SPDR S&P Regional Banking ETF (KRE) and SPDR S&P Bank ETF (KBE).
KRE and KBE 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. KBE is a passively managed fund by State Street that tracks the performance of the S&P Banks Select Industry Index. It was launched on Nov 8, 2005. Both KRE and KBE 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 KBE.
Performance
KRE vs. KBE - Performance Comparison
Returns By Period
In the year-to-date period, KRE achieves a 29.06% return, which is significantly lower than KBE's 33.69% return. Over the past 10 years, KRE has underperformed KBE with an annualized return of 7.62%, while KBE has yielded a comparatively higher 8.53% annualized return.
KRE
29.06%
12.81%
37.82%
53.86%
6.49%
7.62%
KBE
33.69%
10.56%
33.02%
57.32%
8.66%
8.53%
Key characteristics
| KRE | KBE | |
|---|---|---|
| Sharpe Ratio | 1.80 | 2.18 |
| Sortino Ratio | 2.72 | 3.21 |
| Omega Ratio | 1.33 | 1.39 |
| Calmar Ratio | 1.33 | 1.86 |
| Martin Ratio | 7.78 | 13.22 |
| Ulcer Index | 7.01% | 4.40% |
| Daily Std Dev | 30.34% | 26.61% |
| Max Drawdown | -68.54% | -83.15% |
| Current Drawdown | -8.92% | -1.52% |
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KRE vs. KBE - Expense Ratio Comparison
Both KRE and KBE have an expense ratio of 0.35%.
Correlation
The correlation between KRE and KBE is 0.94, 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. KBE - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR S&P Regional Banking ETF (KRE) and SPDR S&P Bank ETF (KBE). 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. KBE - Dividend Comparison
KRE's dividend yield for the trailing twelve months is around 2.40%, more than KBE's 2.17% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
KRE SPDR S&P Regional Banking ETF | 2.40% | 2.99% | 2.51% | 1.97% | 2.78% | 2.21% | 2.25% | 1.40% | 1.39% | 1.80% | 1.60% | 1.37% |
KBE SPDR S&P Bank ETF | 2.17% | 2.78% | 2.99% | 2.16% | 2.44% | 2.33% | 2.18% | 1.35% | 1.39% | 1.69% | 1.59% | 1.37% |
Drawdowns
KRE vs. KBE - Drawdown Comparison
The maximum KRE drawdown since its inception was -68.54%, smaller than the maximum KBE drawdown of -83.15%. Use the drawdown chart below to compare losses from any high point for KRE and KBE. For additional features, visit the drawdowns tool.
Volatility
KRE vs. KBE - Volatility Comparison
SPDR S&P Regional Banking ETF (KRE) has a higher volatility of 14.39% compared to SPDR S&P Bank ETF (KBE) at 13.10%. This indicates that KRE's price experiences larger fluctuations and is considered to be riskier than KBE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.