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KRE vs. QQQ
Performance
Return for Risk
Drawdowns
Volatility
Dividends

KRE vs. QQQ

Last updated Jun 4, 2026

KRE (SPDR S&P Regional Banking ETF) and QQQ (Invesco QQQ ETF) are both exchange-traded funds - KRE is a Financials Equities fund tracking the S&P Regional Banks Select Industry Index, while QQQ is a Nasdaq-100 fund tracking the NASDAQ-100 Index. Both are passively managed. Over the past 10 years, KRE returned 7.80%/yr vs 21.94%/yr for QQQ. A 0.52 correlation means they provide meaningful diversification when combined. KRE charges 0.35%/yr vs 0.18%/yr for QQQ.

Performance

KRE vs. QQQ - Performance Comparison

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

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Returns By Period

In the year-to-date period, KRE achieves a 5.35% return, which is significantly lower than QQQ's 21.30% return. Over the past 10 years, KRE has underperformed QQQ with an annualized return of 7.80%, while QQQ has yielded a comparatively higher 21.94% annualized return.

KRE

1D
-2.39%
1M
-1.61%
YTD
5.35%
6M
6.27%
1Y
21.36%
3Y*
20.63%
5Y*
1.92%
10Y*
7.80%

QQQ

1D
-0.26%
1M
10.60%
YTD
21.30%
6M
19.66%
1Y
41.82%
3Y*
28.78%
5Y*
17.97%
10Y*
21.94%
*Multi-year figures are annualized to reflect compound growth (CAGR)

KRE vs. QQQ - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
KRE
SPDR S&P Regional Banking ETF		5.35%10.21%18.58%-7.61%-15.08%39.29%-7.43%27.44%-18.81%7.49%
QQQ
Invesco QQQ ETF		21.30%20.77%25.58%54.86%-32.58%27.42%48.62%38.96%-0.13%32.66%

Correlation

The correlation between KRE and QQQ is 0.35, which is low. Their price movements are largely independent, making them effective diversification partners.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.35

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

0.36

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

0.46

Correlation (10Y)
Calculated over the trailing 10-year period

0.40

Correlation (All Time)
Calculated using the full available price history since Jun 23, 2006

0.52

The correlation between KRE and QQQ shifts across timeframes, from 0.35 (1 year) to 0.52 (all time), reflecting how their relationship changes across market environments.

KRE vs. QQQ - Sectors Allocation Comparison

Sectors
KRE
QQQ

Financial Services

100.0%
0.2%

Basic Materials

-

1.1%

Communication Services

-

15.8%

Consumer Cyclical

-

12.3%

Consumer Defensive

-

7.7%

Energy

-

0.6%

Healthcare

-

4.2%

Industrials

-

2.8%

Real Estate

-

0.1%

Technology

-

53.8%

Utilities

-

1.4%

Financial Services

KRE
100.0%
QQQ
0.2%

Basic Materials

KRE

-

QQQ
1.1%

Communication Services

KRE

-

QQQ
15.8%

Consumer Cyclical

KRE

-

QQQ
12.3%

Consumer Defensive

KRE

-

QQQ
7.7%

Energy

KRE

-

QQQ
0.6%

Healthcare

KRE

-

QQQ
4.2%

Industrials

KRE

-

QQQ
2.8%

Real Estate

KRE

-

QQQ
0.1%

Technology

KRE

-

QQQ
53.8%

Utilities

KRE

-

QQQ
1.4%

Compare stocks, funds, or ETFs

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SPDR S&P Regional Banking ETF

Invesco QQQ ETF

Often compared with KRE:
KRE vs. XLFKRE vs. KBEKRE vs. KBWBKRE vs. DPSTKRE vs. IATKRE vs. VFHKRE vs. VOO
Often compared with QQQ:
QQQ vs. SPYQQQ vs. VOOQQQ vs. VGTQQQ vs. TQQQQQQ vs. SMHQQQ vs. QQQMQQQ vs. QQQI

Return for Risk

KRE vs. QQQ — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
KRE
KRE Risk / Return Rank: 2626
Overall Rank
KRE Sharpe Ratio Rank: 2525
Sharpe Ratio Rank
KRE Sortino Ratio Rank: 2525
Sortino Ratio Rank
KRE Omega Ratio Rank: 2626
Omega Ratio Rank
KRE Calmar Ratio Rank: 2929
Calmar Ratio Rank
KRE Martin Ratio Rank: 2626
Martin Ratio Rank
QQQ
QQQ Risk / Return Rank: 7373
Overall Rank
QQQ Sharpe Ratio Rank: 7979
Sharpe Ratio Rank
QQQ Sortino Ratio Rank: 7575
Sortino Ratio Rank
QQQ Omega Ratio Rank: 7474
Omega Ratio Rank
QQQ Calmar Ratio Rank: 6969
Calmar Ratio Rank
QQQ Martin Ratio Rank: 7171
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. QQQ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for SPDR S&P Regional Banking ETF (KRE) and Invesco QQQ ETF (QQQ). 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.

KREQQQDifference

Sharpe ratio

Return per unit of total volatility

0.92

2.64

-1.72

Sortino ratio

Return per unit of downside risk

1.39

3.45

-2.06

Omega ratio

Gain probability vs. loss probability

1.18

1.45

-0.27

Calmar ratio

Return relative to maximum drawdown

1.44

3.51

-2.08

Martin ratio

Return relative to average drawdown

3.72

13.49

-9.77

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. QQQ - Sharpe Ratio Comparison

The current KRE Sharpe Ratio is 0.92, which is lower than the QQQ Sharpe Ratio of 2.64. The chart below compares the historical Sharpe Ratios of KRE and QQQ, 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

KREQQQDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

0.92

2.64

-1.72

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.06

0.81

-0.74

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.24

0.99

-0.74

Sharpe Ratio (All Time)

Calculated using the full available price history

0.13

0.41

-0.28

Drawdowns

KRE vs. QQQ - Drawdown Comparison

The maximum KRE drawdown since its inception was -68.54%, smaller than the maximum QQQ drawdown of -82.97%. Use the drawdown chart below to compare losses from any high point for KRE and QQQ.

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Drawdown Indicators

KREQQQDifference

Max Drawdown

Largest peak-to-trough decline

-68.54%

-82.97%

+14.43%

Max Drawdown (1Y)

Largest decline over 1 year

-14.95%

-11.96%

-2.99%

Max Drawdown (3Y)

Largest decline over 3 years

-28.20%

-22.77%

-5.43%

Max Drawdown (5Y)

Largest decline over 5 years

-52.69%

-35.12%

-17.57%

Max Drawdown (10Y)

Largest decline over 10 years

-54.92%

-35.12%

-19.80%

Current Drawdown

Current decline from peak

-7.27%

-0.26%

-7.01%

Average Drawdown

Average peak-to-trough decline

-21.90%

-32.79%

+10.89%

Ulcer Index

Depth and duration of drawdowns from previous peaks

5.75%

3.11%

+2.64%

Volatility

KRE vs. QQQ - Volatility Comparison

SPDR S&P Regional Banking ETF (KRE) has a higher volatility of 6.14% compared to Invesco QQQ ETF (QQQ) at 4.49%. This indicates that KRE's price experiences larger fluctuations and is considered to be riskier than QQQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

KREQQQDifference

Volatility (1M)

Calculated over the trailing 1-month period

6.14%

4.49%

+1.65%

Volatility (6M)

Calculated over the trailing 6-month period

15.84%

12.10%

+3.74%

Volatility (1Y)

Calculated over the trailing 1-year period

23.37%

15.94%

+7.43%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

29.98%

22.38%

+7.60%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

31.92%

22.29%

+9.63%

KRE vs. QQQ - Expense Ratio Comparison

KRE has a 0.35% expense ratio, which is higher than QQQ's 0.18% expense ratio.

Dividends

KRE vs. QQQ - Dividend Comparison

KRE's dividend yield for the trailing twelve months is around 2.32%, more than QQQ's 0.38% yield.

PositionTTM20252024202320222021202020192018201720162015
KRE
SPDR S&P Regional Banking ETF		2.32%2.45%2.59%2.99%2.51%1.97%2.78%2.21%2.48%1.40%1.40%1.80%
QQQ
Invesco QQQ ETF		0.38%0.45%0.56%0.62%0.80%0.43%0.55%0.74%0.91%0.84%1.06%0.99%

Frequently Asked Questions

KRE and QQQ have a correlation of 0.35, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

KRE has higher volatility (6.14%) compared to QQQ (4.49%). In terms of maximum drawdown, KRE dropped -68.54% vs QQQ's -82.97%.

On 10-year performance, QQQ leads with 21.94% vs 7.80% for KRE. On fees, QQQ is cheaper at 0.18% per year. On volatility, QQQ has been the lower-risk option at 4.49%. The better choice depends on whether you care most about return, fees, risk, or income.

Over the 10-year period, QQQ has performed better with a 21.94% return vs 7.80%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

QQQ is cheaper with a 0.18% expense ratio, compared with 0.35% for KRE.

KRE has the higher dividend yield at 2.32%, compared with 0.38% for QQQ.

KRE is categorized as Financials Equities, while QQQ is Nasdaq-100. KRE tracks S&P Regional Banks Select Industry Index, while QQQ tracks NASDAQ-100 Index. They also come from different issuers: State Street and Invesco. Their fees differ too: 0.35% for KRE and 0.18% for QQQ.

QQQ currently has the higher Sharpe Ratio (2.64 vs 0.92), 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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