SPDR S&P Regional Banking ETF
Find Ratings Reports- Last Ratings Update:02/29/2024
- Price as of 02/29/2024 :$48.14
- Net Assets:$0 Million
- NAV:$47.6
- Premium1.13%
- Peer Rank:30 of 35
- Investment Rating:D-
- Performance:E+
- RiskC+
We rate SP Regional Banking ETF at D-. Negative factors that influence this rating include a well below average total return. The fund invests approximately 100% of its assets in stocks and may be considered for investors seeking a Sector - Financial Services strategy.
Total return ranks well below peers over the last three years. The SP Regional Banking ETF has returned an annual rate of 2.08% since inception. More recently, the fund has generated a total return of -0.82% in the last five years, -8.94% in the last three years, and -18.27% in the last year. How does that compare to other equity funds? In the last five years, it has outperformed 11% of them. It has also outpaced 9% of its competitors on a three year basis and 3% of them over the last year for the period ending 2/29/2024. On a year to date basis, KRE has returned -9.19%.
Downside risk has been above average. KRE has a draw down risk of -47.54%, which is the largest price decline experienced over the last three years. This fund has a three year standard deviation of 32.3%. This fund has experienced excessive volatility in its monthly performance over the last 36 months.
Low expense ratio helps performance. As KRE is an exchange traded fund, it has no front end or back end load.
The SP Regional Banking 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.