KRE vs. KBWR
Compare and contrast key facts about SPDR S&P Regional Banking ETF (KRE) and Invesco KBW Regional Banking ETF (KBWR).
KRE and KBWR 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. KBWR is a passively managed fund by Invesco that tracks the performance of the KBW Nasdaq Regional Banking Index. It was launched on Nov 1, 2011. Both KRE and KBWR 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 KBWR.
Performance
KRE vs. KBWR - Performance Comparison
Returns By Period
In the year-to-date period, KRE achieves a 27.17% return, which is significantly higher than KBWR's 20.76% return. Both investments have delivered pretty close results over the past 10 years, with KRE having a 7.60% annualized return and KBWR not far ahead at 7.80%.
KRE
27.17%
12.56%
32.53%
52.25%
6.18%
7.60%
KBWR
20.76%
12.30%
30.59%
43.84%
7.65%
7.80%
Key characteristics
| KRE | KBWR | |
|---|---|---|
| Sharpe Ratio | 1.61 | 1.31 |
| Sortino Ratio | 2.49 | 2.15 |
| Omega Ratio | 1.30 | 1.25 |
| Calmar Ratio | 1.19 | 1.33 |
| Martin Ratio | 6.97 | 4.70 |
| Ulcer Index | 7.01% | 8.63% |
| Daily Std Dev | 30.41% | 30.87% |
| Max Drawdown | -68.54% | -52.86% |
| Current Drawdown | -10.26% | -3.29% |
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KRE vs. KBWR - Expense Ratio Comparison
Both KRE and KBWR have an expense ratio of 0.35%.
Correlation
The correlation between KRE and KBWR 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. KBWR - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR S&P Regional Banking ETF (KRE) and Invesco KBW Regional Banking ETF (KBWR). 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. KBWR - Dividend Comparison
KRE's dividend yield for the trailing twelve months is around 2.43%, less than KBWR's 2.49% 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% |
KBWR Invesco KBW Regional Banking ETF | 2.49% | 2.89% | 2.51% | 2.04% | 2.92% | 2.44% | 2.45% | 1.59% | 1.50% | 1.92% | 1.79% | 1.50% |
Drawdowns
KRE vs. KBWR - Drawdown Comparison
The maximum KRE drawdown since its inception was -68.54%, which is greater than KBWR's maximum drawdown of -52.86%. Use the drawdown chart below to compare losses from any high point for KRE and KBWR. For additional features, visit the drawdowns tool.
Volatility
KRE vs. KBWR - Volatility Comparison
SPDR S&P Regional Banking ETF (KRE) and Invesco KBW Regional Banking ETF (KBWR) have volatilities of 14.37% and 14.60%, 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.