RNR vs. KIE
RNR (RenaissanceRe Holdings Ltd.) is a stock, while KIE (SPDR S&P Insurance ETF) is Financials Equities fund tracking the S&P Insurance Select Industry Index. Over the past 10 years, RNR returned 11.52%/yr vs 12.47%/yr for KIE. Their 0.60 correlation means they have sometimes moved together and sometimes differently.
Performance
RNR vs. KIE - Performance Comparison
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Returns By Period
In the year-to-date period, RNR achieves a 14.12% return, which is significantly higher than KIE's 7.74% return. Over the past 10 years, RNR has underperformed KIE with an annualized return of 11.52%, while KIE has yielded a comparatively higher 12.47% annualized return.
RNR
- 1D
- 0.51%
- 1M
- -1.93%
- 6M
- 13.90%
- YTD
- 14.12%
- 1Y
- 33.09%
- 3Y*
- 20.26%
- 5Y*
- 16.83%
- 10Y*
- 11.52%
- ALL TIME*
- 14.81%
KIE
- 1D
- -0.28%
- 1M
- 0.25%
- 6M
- 10.90%
- YTD
- 7.74%
- 1Y
- 17.27%
- 3Y*
- 16.63%
- 5Y*
- 12.96%
- 10Y*
- 12.47%
- ALL TIME*
- 8.30%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $67.06M | $84.89M | $78.95M | |
| $125.68M | $120.17M | $114.99M |
RNR vs. KIE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
RNR RenaissanceRe Holdings Ltd. | 14.12% | 13.73% | 27.76% | 7.22% | 9.86% | 3.07% | -14.70% | 47.76% | 7.54% | -6.94% |
KIE SPDR S&P Insurance ETF | 7.74% | 8.12% | 26.95% | 12.18% | 3.48% | 22.75% | -3.04% | 27.19% | -5.99% | 12.83% |
Correlation
The correlation between RNR and KIE is 0.56, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.56 |
Correlation (3Y) Balances recent behavior with more history. | 0.60 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.59 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.61 |
Correlation (All Time) Calculated using the full available price history since Nov 15, 2005 | 0.60 |
The correlation between RNR and KIE has been stable across timeframes, ranging from 0.56 to 0.61 - a consistent structural relationship.
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Return for Risk
RNR vs. KIE — Risk / Return Rank
RNR
KIE
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.
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.
| RNR | KIE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.42 | ||
| Sortino ratioReturn per unit of downside risk | +0.57 | ||
| Omega ratioGain probability vs. loss probability | 1.24 | 1.16 | +0.07 |
| Calmar ratioReturn relative to maximum drawdown | 2.43 | 1.31 | +1.11 |
| Martin ratioReturn relative to average drawdown | 7.91 | 3.28 | +4.63 |
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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.
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Drawdown Indicators
| RNR | KIE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -45.67% | -75.30% | +29.63% |
Max Drawdown (1Y)Largest decline over 1 year | -13.27% | -11.81% | -1.46% |
Max Drawdown (3Y)Largest decline over 3 years | -23.10% | -12.65% | -10.45% |
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 DrawdownCurrent decline from peak | -4.27% | -3.33% | -0.94% |
Average DrawdownAverage peak-to-trough decline | -10.22% | -11.97% | +1.75% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.07% | 4.71% | -0.64% |
Volatility
RNR vs. KIE - Volatility Comparison
RenaissanceRe Holdings Ltd. (RNR) has a higher volatility of 9.73% compared to SPDR S&P Insurance ETF (KIE) at 6.86%. 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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Volatility by Period
| RNR | KIE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.73% | 6.86% | +2.87% |
Volatility (6M)Calculated over the trailing 6-month period | 18.36% | 13.45% | +4.91% |
Volatility (1Y)Calculated over the trailing 1-year period | 24.34% | 17.15% | +7.19% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 27.85% | 18.48% | +9.37% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 27.05% | 21.22% | +5.83% |
Dividends
RNR vs. KIE - Dividend Comparison
RNR's dividend yield for the trailing twelve months is around 0.51%, less than KIE's 1.52% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
KIE SPDR S&P Insurance ETF | 1.52% | 1.57% | 1.48% | 1.45% | 1.90% | 1.95% | 1.85% | 1.76% | 1.83% | 1.56% | 1.55% | 1.65% |
RNR RenaissanceRe Holdings Ltd. | 0.51% | 0.57% | 0.63% | 0.78% | 0.80% | 0.85% | 0.84% | 0.69% | 0.99% | 1.02% | 0.91% | 1.06% |
Frequently Asked Questions
RNR and KIE have a correlation of 0.56, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
RNR has higher volatility (9.73%) compared to KIE (6.86%). In terms of maximum drawdown, RNR dropped -45.67% vs KIE's -75.30%.
RNR currently has the higher Sharpe Ratio (1.32 vs 0.90), 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.
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