KRE vs. WAL
Compare and contrast key facts about SPDR S&P Regional Banking ETF (KRE) and Western Alliance Bancorporation (WAL).
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.
Performance
KRE vs. WAL - Performance Comparison
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KRE vs. WAL - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
KRE SPDR S&P Regional Banking ETF | 1.11% | 10.21% | 18.58% | -7.61% | -15.08% | 39.29% | -7.43% | 27.44% | -18.81% | 7.49% |
WAL Western Alliance Bancorporation | -15.33% | 2.55% | 29.67% | 14.12% | -43.68% | 81.72% | 7.77% | 45.90% | -30.25% | 16.24% |
Returns By Period
In the year-to-date period, KRE achieves a 1.11% return, which is significantly higher than WAL's -15.33% return. Over the past 10 years, KRE has underperformed WAL with an annualized return of 8.29%, while WAL has yielded a comparatively higher 9.14% annualized return.
KRE
- 1D
- 2.42%
- 1M
- -1.86%
- YTD
- 1.11%
- 6M
- 4.17%
- 1Y
- 17.51%
- 3Y*
- 17.48%
- 5Y*
- 2.24%
- 10Y*
- 8.29%
WAL
- 1D
- 4.24%
- 1M
- -11.79%
- YTD
- -15.33%
- 6M
- -17.49%
- 1Y
- -6.00%
- 3Y*
- 28.92%
- 5Y*
- -3.59%
- 10Y*
- 9.14%
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Return for Risk
KRE vs. WAL — Risk / Return Rank
KRE
WAL
KRE vs. WAL - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR S&P Regional Banking ETF (KRE) and Western Alliance Bancorporation (WAL). 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.
| KRE | WAL | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.63 | -0.14 | +0.76 |
Sortino ratioReturn per unit of downside risk | 1.00 | 0.11 | +0.89 |
Omega ratioGain probability vs. loss probability | 1.15 | 1.02 | +0.13 |
Calmar ratioReturn relative to maximum drawdown | 1.23 | -0.17 | +1.40 |
Martin ratioReturn relative to average drawdown | 3.07 | -0.45 | +3.52 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| KRE | WAL | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.63 | -0.14 | +0.76 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.07 | -0.06 | +0.13 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.26 | 0.18 | +0.08 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.12 | 0.10 | +0.02 |
Correlation
The correlation between KRE and WAL is 0.79, 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.
Dividends
KRE vs. WAL - Dividend Comparison
KRE's dividend yield for the trailing twelve months is around 2.42%, more than WAL's 2.26% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
KRE SPDR S&P Regional Banking ETF | 2.42% | 2.45% | 2.59% | 2.99% | 2.51% | 1.97% | 2.78% | 2.21% | 2.48% | 1.40% | 1.40% | 1.80% |
WAL Western Alliance Bancorporation | 2.26% | 1.86% | 1.78% | 2.20% | 2.38% | 1.11% | 1.67% | 0.88% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
KRE vs. WAL - Drawdown Comparison
The maximum KRE drawdown since its inception was -68.54%, smaller than the maximum WAL drawdown of -92.14%. Use the drawdown chart below to compare losses from any high point for KRE and WAL.
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Drawdown Indicators
| KRE | WAL | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -68.54% | -92.14% | +23.60% |
Max Drawdown (1Y)Largest decline over 1 year | -14.95% | -30.26% | +15.31% |
Max Drawdown (5Y)Largest decline over 5 years | -52.69% | -84.79% | +32.10% |
Max Drawdown (10Y)Largest decline over 10 years | -54.92% | -84.79% | +29.87% |
Current DrawdownCurrent decline from peak | -11.00% | -36.37% | +25.37% |
Average DrawdownAverage peak-to-trough decline | -22.05% | -38.58% | +16.53% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.00% | 11.31% | -5.31% |
Volatility
KRE vs. WAL - Volatility Comparison
The current volatility for SPDR S&P Regional Banking ETF (KRE) is 5.28%, while Western Alliance Bancorporation (WAL) has a volatility of 12.63%. This indicates that KRE experiences smaller price fluctuations and is considered to be less risky than WAL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| KRE | WAL | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.28% | 12.63% | -7.35% |
Volatility (6M)Calculated over the trailing 6-month period | 17.94% | 30.69% | -12.75% |
Volatility (1Y)Calculated over the trailing 1-year period | 28.13% | 44.09% | -15.96% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 30.07% | 60.39% | -30.32% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 31.96% | 52.26% | -20.30% |