KIE vs SPY
State Street SPDR S&P Insurance ETF vs State Street SPDR S&P 500 ETF Trust
Which is better, KIE or SPY?
SPY has been ahead.
SPY has a lower expense ratio. SPY led over 1Y, 3Y, 5Y and the full window. KIE is less concentrated, with 21.4% of the fund in its ten largest positions against 38.2%.
MarketXLS is not an investment adviser. This comparison is generated automatically from market data and is for information only. A Best mark means the better reading on that one measure, not a recommendation to buy.
Side-by-Side Comparison
| Metric | KIE | SPY |
|---|---|---|
| Expense Ratio | 0.35% | 0.09%Best |
| AUM | $535M | $811.2B |
| Dividend Yield | 1.55% | 0.98% |
| Holdings | 55 | 1,515 |
| YTD Return | +1.24% | +14.66%Best |
| 1Y Return | +0.85% | +17.41%Best |
| 3Y Return (annualized) | +13.18% | +23.12%Best |
| 5Y Return (annualized) | +10.23% | +13.63%Best |
| Volatility (annualized) | 21.0% | 15.0%Best |
| Max Drawdown | -76.2% | -56.5%Best |
| $10,000 over 5 years | $16,274 | $18,944Best |
| Top 10 Weight | 21.4%Best | 38.2% |
| Fund Family | State Street Investment Management | State Street Investment Management |
| Category | Equity | Equity |
| Style | Large Cap Blend | Large Cap Blend |
| Inception | Nov 8, 2005 | Jan 22, 1993 |
Volatility and max drawdown are measured over the window both funds cover: Nov 15, 2005 to Oct 7, 2026 (20.9 years).
KIE vs SPY growth
Month-end closes. Both lines start at 0% in the first month shown, so the gap between them is the difference in growth across that window. The full view covers the 20.9 years both funds cover.
KIE vs SPY Performance
State Street SPDR S&P Insurance ETF (KIE) is an ETF from State Street Investment Management and State Street SPDR S&P 500 ETF Trust (SPY) is an ETF from State Street Investment Management. Over the past year KIE returned +0.85% while SPY returned +17.41%. Year to date, KIE is up 1.24% versus a gain of 14.66% for SPY.
Over three years, KIE compounded at +13.18% per year against +23.12% for SPY; over five years the annualized figures are +10.23% and +13.63% respectively. Across the full 21-year window we track, SPY has the edge at +9.62% annualized vs +6.46%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
KIE has been the more volatile fund, with annualized monthly volatility of 21.0% compared with 15.0% for SPY. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -76.2% for KIE and -56.5% for SPY. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.79. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
KIE charges 0.35% per year while SPY charges 0.09%. On a $10,000 position that is $35 vs $9 annually, a gap of $26 per year that compounds over a long holding period. On income, KIE currently yields 1.55% against 0.98% for SPY.
Holdings Overlap
43.2% of KIE's money is in holdings SPY also owns. 1.6% of SPY's money is in holdings KIE also owns.
The two portfolios partly overlap.
23 positions in common, counted across the 54 positions we hold weights for in KIE and 504 in SPY, against full books of 55 and 1,515.
What only one of them owns
Our book lists 475 positions for SPY that do not appear in our book for KIE (97.7% of the fund), and 30 for KIE that do not appear in SPY (55.0%).
Some of those will be the same company recorded under a different code in one of the two books, so the real difference in what you would own is no larger than this and may be smaller. We do not name the individual positions here for that reason.
Top Shared Holdings
| Stock | Weight in KIE | Weight in SPY | Difference |
|---|---|---|---|
| TRVThe Travelers Cos, Inc. | 2.17% | 0.12% | 2.05% |
| WTW:LNWillis Towers Watson Plc Ordinary Shares | 2.10% | 0.05% | 2.05% |
| ALLAllstate Corp. | 1.99% | 0.10% | 1.89% |
| PGRProgressive Corporation | 1.87% | 0.20% | 1.67% |
| METMetlife Inc. | 1.98% | 0.08% | 1.90% |
| PRUPrudential Financial Inc | 1.99% | 0.06% | 1.93% |
| AJGArthur J Gallagher & Co. | 1.92% | 0.10% | 1.82% |
| MMCMarsh & Mclennan Cos Inc Common Stock Usd 1 | 1.86% | 0.13% | 1.73% |
| CBChubb Ltd Common Stock Usd 24.15 | 1.79% | 0.19% | 1.60% |
| EGEverest Group Ltd Common Stock | 1.94% | 0.02% | 1.92% |
43.2% of KIE is already inside SPY.
You probably hold more than these two. Add the rest and see how much of the whole book is the same companies twice.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, KIE or SPY?
KIE has an expense ratio of 0.35% while SPY charges 0.09%. SPY is the cheaper option, by $26 a year on a $10,000 investment.
Which performed better, KIE or SPY?
Over the past year KIE returned +0.85% vs +17.41% for SPY, so SPY leads on 1-year performance. Over the longest common window we track (21 years), KIE annualized +6.46% vs +9.62% for SPY. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, KIE or SPY?
KIE has been the more volatile fund at 21.0% annualized versus 15.0% for SPY. Worst drawdown: KIE -76.2% vs SPY -56.5%.
Should I hold both KIE and SPY?
KIE and SPY have a monthly-return correlation of 0.79, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
What is the holdings overlap between KIE and SPY?
43.2% of KIE's money is in holdings SPY also owns. 1.6% of SPY's is in holdings KIE also owns. They hold 23 positions in common, counted across the 54 positions we hold weights for in KIE and 504 in SPY.
Which pays a higher dividend, KIE or SPY?
KIE yields 1.55% while SPY yields 0.98%, so KIE currently pays the higher dividend yield.
Is SPY better than KIE?
SPY has a lower expense ratio. SPY led over 1Y, 3Y, 5Y and the full window. KIE is less concentrated, with 21.4% of the fund in its ten largest positions against 38.2%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.