PEBO vs. KRE

Last updated Jun 26, 2026

PEBO (Peoples Bancorp Inc.) is a stock, while KRE (SPDR S&P Regional Banking ETF) is Financials Equities fund tracking the S&P Regional Banks Select Industry Index. Over the past 10 years, PEBO returned 10.74%/yr vs 10.48%/yr for KRE. A 0.71 correlation means they provide meaningful diversification when combined.

Performance

PEBO vs. KRE - Performance Comparison

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

Returns By Period

In the year-to-date period, PEBO achieves a 29.18% return, which is significantly higher than KRE's 16.72% return. Both investments have delivered pretty close results over the past 10 years, with PEBO having a 10.74% annualized return and KRE not far behind at 10.48%.

PEBO

• 1D: 0.34%
• 1M: 8.30%
• YTD: 29.18%
• 6M: 26.49%
• 1Y: 34.01%
• 3Y*: 18.98%
• 5Y*: 10.46%
• 10Y*: 10.74%

KRE

• 1D: 1.08%
• 1M: 6.98%
• YTD: 16.72%
• 6M: 13.36%
• 1Y: 31.73%
• 3Y*: 26.60%
• 5Y*: 4.86%
• 10Y*: 10.48%

*Multi-year figures are annualized to reflect compound growth (CAGR)

PEBO vs. KRE - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
PEBO Peoples Bancorp Inc.	29.18%	0.13%	-1.01%	26.45%	-6.61%	22.84%	-17.32%	20.00%	-4.75%	3.13%
KRE SPDR S&P Regional Banking ETF	16.72%	10.21%	18.58%	-7.61%	-15.08%	39.29%	-7.43%	27.44%	-18.81%	7.49%

Correlation

The correlation between PEBO and KRE is 0.85, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.85
Correlation (3Y) Calculated over the trailing 3-year period	0.83
Correlation (5Y) Calculated over the trailing 5-year period	0.80
Correlation (10Y) Calculated over the trailing 10-year period	0.80
Correlation (All Time) Calculated using the full available price history since Jun 22, 2006	0.71

The correlation between PEBO and KRE shifts across timeframes, from 0.71 (all time) to 0.85 (1 year), reflecting how their relationship changes across market environments.

Return for Risk

PEBO vs. KRE — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

PEBO

PEBO Risk / Return Rank: 80
PEBO Sharpe Ratio Rank: 83
PEBO Sortino Ratio Rank: 78
PEBO Omega Ratio Rank: 76
PEBO Calmar Ratio Rank: 83
PEBO Martin Ratio Rank: 83

KRE

KRE Risk / Return Rank: 44
KRE Sharpe Ratio Rank: 44
KRE Sortino Ratio Rank: 42
KRE Omega Ratio Rank: 44
KRE Calmar Ratio Rank: 49
KRE Martin Ratio Rank: 39

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.

PEBO vs. KRE - Risk-Adjusted Trends Comparison

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

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	PEBO	KRE	Difference
Sharpe ratio: Return per unit of total volatility	1.48	1.37	+0.10
Sortino ratio: Return per unit of downside risk	2.07	1.92	+0.14
Omega ratio: Gain probability vs. loss probability	1.25	1.25	0.00
Calmar ratio: Return relative to maximum drawdown	2.73	2.13	+0.60
Martin ratio: Return relative to average drawdown	6.98	5.53	+1.44

PEBO vs. KRE - Sharpe Ratio Comparison

The current PEBO Sharpe Ratio is 1.48, which is comparable to the KRE Sharpe Ratio of 1.37. The chart below compares the historical Sharpe Ratios of PEBO and KRE, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

PEBO vs. KRE - Drawdown Comparison

The maximum PEBO drawdown since its inception was -74.33%, which is greater than KRE's maximum drawdown of -68.54%. Use the drawdown chart below to compare losses from any high point for PEBO and KRE.

Drawdown Indicators

	PEBO	KRE	Difference
Max Drawdown Largest peak-to-trough decline	-74.33%	-68.54%	-5.79%
Max Drawdown (1Y) Largest decline over 1 year	-12.53%	-14.95%	+2.42%
Max Drawdown (3Y) Largest decline over 3 years	-24.53%	-28.20%	+3.67%
Max Drawdown (5Y) Largest decline over 5 years	-25.41%	-52.69%	+27.28%
Max Drawdown (10Y) Largest decline over 10 years	-48.96%	-54.92%	+5.96%
Current Drawdown Current decline from peak	0.00%	0.00%	0.00%
Average Drawdown Average peak-to-trough decline	-19.00%	-21.84%	+2.84%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.89%	5.75%	-0.86%

Volatility

PEBO vs. KRE - Volatility Comparison

The current volatility for Peoples Bancorp Inc. (PEBO) is 5.95%, while SPDR S&P Regional Banking ETF (KRE) has a volatility of 6.36%. This indicates that PEBO experiences smaller price fluctuations and is considered to be less risky than KRE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	PEBO	KRE	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.95%	6.36%	-0.41%
Volatility (6M) Calculated over the trailing 6-month period	15.02%	16.11%	-1.09%
Volatility (1Y) Calculated over the trailing 1-year period	23.16%	23.25%	-0.09%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	26.32%	29.84%	-3.52%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	30.06%	31.84%	-1.78%

Dividends

PEBO vs. KRE - Dividend Comparison

PEBO's dividend yield for the trailing twelve months is around 4.36%, more than KRE's 2.14% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
KRE SPDR S&P Regional Banking ETF	2.14%	2.45%	2.59%	2.99%	2.51%	1.97%	2.78%	2.21%	2.48%	1.40%	1.40%	1.80%
PEBO Peoples Bancorp Inc.	4.36%	5.43%	5.02%	4.59%	5.31%	4.50%	5.06%	3.81%	3.72%	2.58%	1.97%	3.18%

Frequently Asked Questions

Can I hold both PEBO and KRE in my portfolio?

PEBO and KRE have a correlation of 0.85, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, PEBO or KRE?

KRE has higher volatility (6.36%) compared to PEBO (5.95%). In terms of maximum drawdown, PEBO dropped -74.33% vs KRE's -68.54%.

Which has better risk-adjusted returns?

PEBO currently has the higher Sharpe Ratio (1.48 vs 1.37), 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.