RNR vs. KIE

Last updated Apr 2, 2026

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.

Performance

RNR vs. KIE - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in RenaissanceRe Holdings Ltd. (RNR) and SPDR S&P Insurance ETF (KIE). The values are adjusted to include any dividend payments, if applicable.

RNR vs. KIE - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
RNR RenaissanceRe Holdings Ltd.	5.31%	13.73%	27.76%	7.22%	9.86%	3.07%	-14.70%	47.76%	7.54%	-6.94%
KIE SPDR S&P Insurance ETF	-8.59%	8.12%	26.95%	12.18%	3.48%	22.75%	-3.04%	27.19%	-5.99%	12.83%

Returns By Period

In the year-to-date period, RNR achieves a 5.31% return, which is significantly higher than KIE's -8.59% return. Over the past 10 years, RNR has underperformed KIE with an annualized return of 10.31%, while KIE has yielded a comparatively higher 10.89% annualized return.

RNR

• 1D: -0.53%
• 1M: -3.57%
• YTD: 5.31%
• 6M: 15.62%
• 1Y: 21.42%
• 3Y*: 14.61%
• 5Y*: 13.25%
• 10Y*: 10.31%

KIE

• 1D: -0.55%
• 1M: -6.30%
• YTD: -8.59%
• 6M: -5.99%
• 1Y: -8.45%
• 3Y*: 13.43%
• 5Y*: 9.99%
• 10Y*: 10.89%

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

Return for Risk

RNR vs. KIE — Risk / Return Rank

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

RNR

RNR Risk / Return Rank: 69
RNR Sharpe Ratio Rank: 69
RNR Sortino Ratio Rank: 63
RNR Omega Ratio Rank: 59
RNR Calmar Ratio Rank: 74
RNR Martin Ratio Rank: 78

KIE

KIE Risk / Return Rank: 3
KIE Sharpe Ratio Rank: 5
KIE Sortino Ratio Rank: 4
KIE Omega Ratio Rank: 4
KIE Calmar Ratio Rank: 2
KIE Martin Ratio Rank: 1

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.

RNR vs. KIE - Risk-Adjusted Trends 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.

	RNR	KIE	Difference
Sharpe ratio Return per unit of total volatility	0.83	-0.43	+1.26
Sortino ratio Return per unit of downside risk	1.31	-0.46	+1.77
Omega ratio Gain probability vs. loss probability	1.16	0.94	+0.22
Calmar ratio Return relative to maximum drawdown	1.80	-0.67	+2.47
Martin ratio Return relative to average drawdown	5.73	-1.55	+7.28
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

RNR vs. KIE - Sharpe Ratio Comparison

The current RNR Sharpe Ratio is 0.83, which is higher than the KIE Sharpe Ratio of -0.43. The chart below compares the historical Sharpe Ratios of RNR and KIE, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	RNR	KIE	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.83	-0.43	+1.26
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.48	0.55	-0.07
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.39	0.52	-0.13
Sharpe Ratio (All Time) Calculated using the full available price history	0.56	0.29	+0.27

Correlation

The correlation between RNR and KIE is 0.60, 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.

Dividends

RNR vs. KIE - Dividend Comparison

RNR's dividend yield for the trailing twelve months is around 0.54%, less than KIE's 1.69% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
RNR RenaissanceRe Holdings Ltd.	0.54%	0.57%	0.63%	0.78%	0.80%	0.85%	0.84%	0.69%	0.99%	1.02%	0.91%	1.06%
KIE SPDR S&P Insurance ETF	1.69%	1.57%	1.48%	1.45%	1.90%	1.95%	1.85%	1.76%	1.83%	1.56%	1.55%	1.65%

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.

Drawdown Indicators

	RNR	KIE	Difference
Max Drawdown Largest peak-to-trough decline	-45.67%	-75.30%	+29.63%
Max Drawdown (1Y) Largest decline over 1 year	-13.27%	-12.25%	-1.02%
Max Drawdown (5Y) Largest decline over 5 years	-27.71%	-15.68%	-12.03%
Max Drawdown (10Y) Largest decline over 10 years	-40.66%	-44.31%	+3.65%
Current Drawdown Current decline from peak	-4.77%	-9.91%	+5.14%
Average Drawdown Average peak-to-trough decline	-10.29%	-12.09%	+1.80%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.18%	5.26%	-1.08%

Volatility

RNR vs. KIE - Volatility Comparison

The current volatility for RenaissanceRe Holdings Ltd. (RNR) is 3.93%, while SPDR S&P Insurance ETF (KIE) has a volatility of 4.73%. This indicates that RNR experiences smaller price fluctuations and is considered to be less risky than KIE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	RNR	KIE	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.93%	4.73%	-0.80%
Volatility (6M) Calculated over the trailing 6-month period	17.59%	11.48%	+6.11%
Volatility (1Y) Calculated over the trailing 1-year period	25.93%	19.77%	+6.16%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	27.58%	18.30%	+9.28%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	26.77%	21.14%	+5.63%