XLF vs. KCE
Compare and contrast key facts about Financial Select Sector SPDR Fund (XLF) and SPDR S&P Capital Markets ETF (KCE).
XLF and KCE are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. XLF is a passively managed fund by State Street that tracks the performance of the Financial Select Sector Index. It was launched on Dec 16, 1998. KCE is a passively managed fund by State Street that tracks the performance of the S&P Capital Markets Select Industry Index. It was launched on Nov 8, 2005. Both XLF and KCE are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Performance
XLF vs. KCE - Performance Comparison
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XLF vs. KCE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
XLF Financial Select Sector SPDR Fund | -9.40% | 14.90% | 30.56% | 12.03% | -10.59% | 34.80% | -1.74% | 31.88% | -13.06% | 22.00% |
KCE SPDR S&P Capital Markets ETF | -7.74% | 10.76% | 37.51% | 32.04% | -22.14% | 40.05% | 30.82% | 27.13% | -15.63% | 32.01% |
Returns By Period
In the year-to-date period, XLF achieves a -9.40% return, which is significantly lower than KCE's -7.74% return. Over the past 10 years, XLF has underperformed KCE with an annualized return of 12.44%, while KCE has yielded a comparatively higher 15.87% annualized return.
XLF
- 1D
- 2.09%
- 1M
- -3.51%
- YTD
- -9.40%
- 6M
- -7.56%
- 1Y
- 0.65%
- 3Y*
- 17.25%
- 5Y*
- 9.34%
- 10Y*
- 12.44%
KCE
- 1D
- 2.64%
- 1M
- -4.53%
- YTD
- -7.74%
- 6M
- -9.06%
- 1Y
- 11.03%
- 3Y*
- 20.54%
- 5Y*
- 11.98%
- 10Y*
- 15.87%
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XLF vs. KCE - Expense Ratio Comparison
XLF has a 0.13% expense ratio, which is lower than KCE's 0.35% expense ratio.
Return for Risk
XLF vs. KCE — Risk / Return Rank
XLF
KCE
XLF vs. KCE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Financial Select Sector SPDR Fund (XLF) and SPDR S&P Capital Markets ETF (KCE). 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.
| XLF | KCE | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.03 | 0.43 | -0.40 |
Sortino ratioReturn per unit of downside risk | 0.18 | 0.75 | -0.58 |
Omega ratioGain probability vs. loss probability | 1.02 | 1.10 | -0.08 |
Calmar ratioReturn relative to maximum drawdown | 0.13 | 0.66 | -0.53 |
Martin ratioReturn relative to average drawdown | 0.38 | 1.76 | -1.38 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| XLF | KCE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.03 | 0.43 | -0.40 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.50 | 0.52 | -0.02 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.56 | 0.69 | -0.12 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.20 | 0.24 | -0.04 |
Correlation
The correlation between XLF and KCE is 0.87, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Dividends
XLF vs. KCE - Dividend Comparison
XLF's dividend yield for the trailing twelve months is around 1.60%, less than KCE's 1.87% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
XLF Financial Select Sector SPDR Fund | 1.60% | 1.31% | 1.42% | 1.71% | 2.04% | 1.63% | 2.03% | 1.87% | 2.08% | 1.48% | 21.10% | 1.95% |
KCE SPDR S&P Capital Markets ETF | 1.87% | 1.63% | 1.56% | 1.82% | 2.42% | 1.53% | 2.20% | 2.32% | 2.67% | 1.95% | 2.30% | 2.43% |
Drawdowns
XLF vs. KCE - Drawdown Comparison
The maximum XLF drawdown since its inception was -82.69%, which is greater than KCE's maximum drawdown of -74.00%. Use the drawdown chart below to compare losses from any high point for XLF and KCE.
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Drawdown Indicators
| XLF | KCE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -82.69% | -74.00% | -8.69% |
Max Drawdown (1Y)Largest decline over 1 year | -14.79% | -17.44% | +2.65% |
Max Drawdown (5Y)Largest decline over 5 years | -25.81% | -34.45% | +8.64% |
Max Drawdown (10Y)Largest decline over 10 years | -42.86% | -40.78% | -2.08% |
Current DrawdownCurrent decline from peak | -12.01% | -14.34% | +2.33% |
Average DrawdownAverage peak-to-trough decline | -20.10% | -22.94% | +2.84% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.90% | 6.49% | -1.59% |
Volatility
XLF vs. KCE - Volatility Comparison
The current volatility for Financial Select Sector SPDR Fund (XLF) is 4.75%, while SPDR S&P Capital Markets ETF (KCE) has a volatility of 6.33%. This indicates that XLF experiences smaller price fluctuations and is considered to be less risky than KCE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| XLF | KCE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.75% | 6.33% | -1.58% |
Volatility (6M)Calculated over the trailing 6-month period | 11.45% | 15.64% | -4.19% |
Volatility (1Y)Calculated over the trailing 1-year period | 19.29% | 25.68% | -6.39% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.69% | 22.97% | -4.28% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 22.19% | 23.21% | -1.02% |