KRE vs. TIP
Compare and contrast key facts about SPDR S&P Regional Banking ETF (KRE) and iShares TIPS Bond ETF (TIP).
KRE and TIP 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. TIP is a passively managed fund by iShares that tracks the performance of the Barclays Capital U.S. Treasury Inflation Protected Securities (TIPS) Index (Series-L). It was launched on Dec 4, 2003. Both KRE and TIP 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 TIP.
Performance
KRE vs. TIP - Performance Comparison
Returns By Period
In the year-to-date period, KRE achieves a 28.26% return, which is significantly higher than TIP's 2.43% return. Over the past 10 years, KRE has outperformed TIP with an annualized return of 7.70%, while TIP has yielded a comparatively lower 2.05% annualized return.
KRE
28.26%
10.19%
32.24%
49.96%
6.49%
7.70%
TIP
2.43%
-1.43%
2.60%
5.65%
1.81%
2.05%
Key characteristics
| KRE | TIP | |
|---|---|---|
| Sharpe Ratio | 1.72 | 1.17 |
| Sortino Ratio | 2.62 | 1.73 |
| Omega Ratio | 1.32 | 1.21 |
| Calmar Ratio | 1.27 | 0.47 |
| Martin Ratio | 7.45 | 5.04 |
| Ulcer Index | 7.01% | 1.15% |
| Daily Std Dev | 30.46% | 4.93% |
| Max Drawdown | -68.54% | -14.56% |
| Current Drawdown | -9.48% | -7.20% |
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KRE vs. TIP - Expense Ratio Comparison
KRE has a 0.35% expense ratio, which is higher than TIP's 0.19% expense ratio.
Correlation
The correlation between KRE and TIP is -0.21. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.
Risk-Adjusted Performance
KRE vs. TIP - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR S&P Regional Banking ETF (KRE) and iShares TIPS Bond ETF (TIP). 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. TIP - Dividend Comparison
KRE's dividend yield for the trailing twelve months is around 2.41%, which matches TIP's 2.41% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
KRE SPDR S&P Regional Banking ETF | 2.41% | 2.99% | 2.51% | 1.97% | 2.78% | 2.21% | 2.25% | 1.40% | 1.39% | 1.80% | 1.60% | 1.37% |
TIP iShares TIPS Bond ETF | 2.41% | 2.73% | 6.96% | 4.28% | 1.17% | 1.75% | 2.71% | 2.07% | 1.48% | 0.34% | 1.67% | 1.15% |
Drawdowns
KRE vs. TIP - Drawdown Comparison
The maximum KRE drawdown since its inception was -68.54%, which is greater than TIP's maximum drawdown of -14.56%. Use the drawdown chart below to compare losses from any high point for KRE and TIP. For additional features, visit the drawdowns tool.
Volatility
KRE vs. TIP - Volatility Comparison
SPDR S&P Regional Banking ETF (KRE) has a higher volatility of 14.76% compared to iShares TIPS Bond ETF (TIP) at 1.31%. This indicates that KRE's price experiences larger fluctuations and is considered to be riskier than TIP based on this measure. The chart below showcases a comparison of their rolling one-month volatility.