SPDR S&P Insurance ETF
Find Ratings Reports- Last Ratings Update:01/31/2024
- Price as of 01/31/2024 :$47.50
- Net Assets:$0 Million
- NAV:$47.09
- Premium0.87%
- Peer Rank:44 of 398
- Investment Rating:A
- Performance:B+
- RiskB-
We rate SP Insurance ETF at A. Positive factors that influence this rating include a well above average total return, low price volatility, low expense structure and long term portfolio management tenure. The fund invests approximately 100% of its assets in stocks and may be considered for investors seeking an Equity Income strategy.
Total return ranks very high in comparison with peers over the last three years. The SP Insurance ETF has returned an annual rate of 7.27% since inception. More recently, the fund has generated a total return of 10.25% in the last five years, 12.89% in the last three years, and 11.02% in the last year. How does that compare to other equity funds? In the last five years, it has outperformed 79% of them. It has also outpaced 94% of its competitors on a three year basis and 71% of them over the last year for the period ending 1/31/2024. On a year to date basis, KIE has returned 4.09%.
Downside risk has been below average. KIE has a draw down risk of -13.94%, which is the largest price decline experienced over the last three years. This fund has a three year standard deviation of 17.6%. This fund has had moderate volatility in its monthly performance over the last 36 months. As of 1/31/2024, the fund was trading at a price of $47.50, which is 1.5% below its 52-week high of $48.23 and 5.5% above its 52-week low of $45.02.
Low expense ratio helps performance. As KIE is an exchange traded fund, it has no front end or back end load.
The SP Insurance ETF is managed by Karl A. Schneider at SSgA Funds Management Inc. This fund is one of 128 SSgA Funds Management Inc exchange-traded funds launched since 1/22/1993 that we track.