TFNS vs. KIE

Last updated Apr 2, 2026

Compare and contrast key facts about T. Rowe Price Financials ETF (TFNS) and SPDR S&P Insurance ETF (KIE).

TFNS and KIE are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. TFNS is an actively managed fund by T. Rowe Price. It was launched on Jun 11, 2025. 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

TFNS vs. KIE - Performance Comparison

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

TFNS vs. KIE - Yearly Performance Comparison

	2026 (YTD)	2025
TFNS T. Rowe Price Financials ETF	-8.56%	10.41%
KIE SPDR S&P Insurance ETF	-8.59%	3.71%

Returns By Period

The year-to-date returns for both stocks are quite close, with TFNS having a -8.56% return and KIE slightly lower at -8.59%.

TFNS

• 1D: 0.14%
• 1M: -3.39%
• YTD: -8.56%
• 6M: -4.00%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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)

TFNS vs. KIE - Expense Ratio Comparison

TFNS has a 0.44% expense ratio, which is higher than KIE's 0.35% expense ratio.

TFNS

T. Rowe Price Financials ETF

KIE

SPDR S&P Insurance ETF

Return for Risk

TFNS vs. KIE — Risk / Return Rank

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

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.

TFNS vs. KIE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for T. Rowe Price Financials ETF (TFNS) 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.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Sharpe Ratios by Period

	TFNS	KIE	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	-0.43	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.55	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.52	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.08	0.29	-0.21

Correlation

The correlation between TFNS and KIE is 0.69, 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

TFNS vs. KIE - Dividend Comparison

TFNS'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
TFNS T. Rowe Price Financials ETF	0.54%	0.49%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
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

TFNS vs. KIE - Drawdown Comparison

The maximum TFNS drawdown since its inception was -14.00%, smaller than the maximum KIE drawdown of -75.30%. Use the drawdown chart below to compare losses from any high point for TFNS and KIE.

Drawdown Indicators

	TFNS	KIE	Difference
Max Drawdown Largest peak-to-trough decline	-14.00%	-75.30%	+61.30%
Max Drawdown (1Y) Largest decline over 1 year	—	-12.25%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-15.68%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-44.31%	—
Current Drawdown Current decline from peak	-11.11%	-9.91%	-1.20%
Average Drawdown Average peak-to-trough decline	-3.14%	-12.09%	+8.95%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	5.26%	—

Volatility

Volatility by Period

	TFNS	KIE	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	4.73%	—
Volatility (6M) Calculated over the trailing 6-month period	—	11.48%	—
Volatility (1Y) Calculated over the trailing 1-year period	15.46%	19.77%	-4.31%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.46%	18.30%	-2.84%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.46%	21.14%	-5.68%