RNR vs. KIE
Compare and contrast key facts about RenaissanceRe Holdings Ltd. (RNR) and SPDR S&P Insurance ETF (KIE).
KIE is a passively managed fund by State Street that tracks the performance of the S&P Insurance Select Industry Index. It was launched on Nov 8, 2005.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: RNR or KIE.
Correlation
The correlation between RNR and KIE is 0.43, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
RNR vs. KIE - Performance Comparison
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Key characteristics
RNR:
0.31
KIE:
0.89
RNR:
0.72
KIE:
1.42
RNR:
1.10
KIE:
1.20
RNR:
0.52
KIE:
1.52
RNR:
1.14
KIE:
4.12
RNR:
10.56%
KIE:
4.68%
RNR:
28.73%
KIE:
19.83%
RNR:
-45.67%
KIE:
-75.30%
RNR:
-13.42%
KIE:
-2.52%
Returns By Period
In the year-to-date period, RNR achieves a -0.12% return, which is significantly lower than KIE's 6.42% return. Over the past 10 years, RNR has underperformed KIE with an annualized return of 10.06%, while KIE has yielded a comparatively higher 12.13% annualized return.
RNR
-0.12%
3.10%
-4.82%
8.84%
19.50%
8.45%
10.06%
KIE
6.42%
5.54%
1.40%
17.43%
18.47%
20.51%
12.13%
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Risk-Adjusted Performance
RNR vs. KIE — Risk-Adjusted Performance Rank
RNR
KIE
RNR vs. KIE - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for RenaissanceRe Holdings Ltd. (RNR) and SPDR S&P Insurance ETF (KIE). 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.
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Dividends
RNR vs. KIE - Dividend Comparison
RNR's dividend yield for the trailing twelve months is around 0.63%, less than KIE's 1.57% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
RNR RenaissanceRe Holdings Ltd. | 0.63% | 0.63% | 0.78% | 0.80% | 0.85% | 0.84% | 0.69% | 0.99% | 1.02% | 0.91% | 1.06% | 1.19% |
KIE SPDR S&P Insurance ETF | 1.57% | 1.48% | 1.45% | 1.90% | 1.95% | 1.85% | 1.76% | 1.83% | 1.56% | 1.55% | 1.65% | 1.81% |
Drawdowns
RNR vs. KIE - Drawdown Comparison
The maximum RNR drawdown since its inception was -45.67%, smaller than the maximum KIE drawdown of -75.30%. Use the drawdown chart below to compare losses from any high point for RNR and KIE. For additional features, visit the drawdowns tool.
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Volatility
RNR vs. KIE - Volatility Comparison
RenaissanceRe Holdings Ltd. (RNR) has a higher volatility of 9.62% compared to SPDR S&P Insurance ETF (KIE) at 6.28%. This indicates that RNR's price experiences larger fluctuations and is considered to be riskier than KIE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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