KIE
SPDR S&P Insurance ETF
The SPDR S&P Insurance ETF seeks to provide investment results that, before fees and expenses, correspond generally to the total return performance of the S&P Insurance Select Industry Index.
US
EQUITY
Passive
MANAGEMENT STYLE
939.4 M
ASSETS UNDER MGMT
35 bp
EXPENSES
Fund Basics
Fund sponsor | SSGA Funds Management Inc |
Category | US |
Asset class | Equity |
Website | link... |
Inception date | Nov 08, 2005 |
Assets (mns) | $939 |
Expense ratio | 35 bp |
Currency | USD |
Sector Breakdown
Fund Structure
Regulation | Open-Ended Fund |
Distributions | Quarterly |
Taxation | 1099 |
Stock selection | Market Cap |
Weighting | Equal |
Holdings Transparency | Full |
Derivatives-based | No |
Options available | Yes |
Currency hedged | No |
Fund of funds | No |
Top 10 Holdings
Complete list +
ERIE INDEMNITY COMPANY-CL A | 2.7 % |
GLOBE LIFE INC. | 2.4 % |
CNO FINANCIAL GROUP INC | 2.4 % |
PROGRESSIVE CORP | 2.3 % |
FIDELITY NATIONAL FINANCIAL, INC - FNF G | 2.3 % |
AFLAC INC | 2.2 % |
FIRST AMERICAN FINANCIAL | 2.2 % |
ALLSTATE CORP | 2.2 % |
HANOVER INSURANCE GROUP INC/ | 2.2 % |
RYAN SPECIALTY HOLDINGS, INC. CLASS A | 2.2 % |
Constituent Breakdown
Number of holdings | 49 |
Herfindahl-Hirschman Index | 205 |
Wgt avg mkt cap (mns) | $28,030 |
Large cap (>$10bn) | 68.8% |
Mid cap ($2-10bn) | 31.3% |
Small cap (<$2bn) | 0.0% |
Developed mkts. | 100.0% |
Emerging mkts. | 0.0% |
Country Exposure
UNITED STATES | 79.7 % | |
BERMUDA | 11.9 % | |
IRELAND | 2.1 % | |
BRITAIN | 2.0 % | |
SWITZERLAND | 2.0 % |
Historical Performance
Standardized Performance (as of 09/30/2024)
YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | Incep. | |
---|---|---|---|---|---|---|---|
Total Returns | 26.8% | 35.9% | 27.5% | 16.6% | 12.1% | 12.5% | 8.3% | Volatility | 12.6% | 13.2% | 17.8% | 18.4% | 25.5% | 20.5% | -- |
Market Correlations
versus... | Beta | R-squared |
S&P 500 | 0.67 | 44% |
MSCI EAFE | 0.68 | 45% |
MSCI Emg Mkts | 0.36 | 12% |
Liquidity Measures
Avg. volume (000) | 1,100 |
Turnover | 6.8% |
Avg. Bid/Ask (% of price) | 0.02% |
ADV of underlying (mns) | $4,276 |
Technical Indicators
Recent close | $57.63 |
30d moving avg. | $55.96 |
Annualized volatility | 18.0% |
Relative strength (RSI) | 47 |
Short interest (ETF) | 12.2% |
Short interest (underlying) | 2.3% |
Distributions
Assets Under Management (mns)
Money Flows (mns)
Short Interest (as % of shares outstanding)
Long Money Flows (mns)
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Comparable ETFs Based on Overlap
Ticker | Fund Name | Overlap vs. KIE |
Expenses vs. KIE |
ALTAR Score™ vs. KIE |
---|---|---|---|---|
IAK | iShares U.S. Insurance ETF | 49.3% | +5 bp | -0.3% |
KBWP | Invesco KBW Property & Casualty Insurance ETF | 36.5% | 0 bp | -0.5% |
FXO | First Trust Financials AlphaDEX Fund | 32.3% | +27 bp | +1.7% |
RSPF | Invesco S&P 500 Equal Weight Financials ETF | 30.4% | +5 bp | +0.4% |
IYF | iShares U.S. Financials ETF | 21.8% | +5 bp | -0.3% |
PFI | Invesco Dorsey Wright Financial Momentum ETF | 17.7% | +25 bp | +0.6% |
VFH | Vanguard Financials ETF | 17.3% | -25 bp | -0.1% |
FNCL | Fidelity MSCI Financials Index ETF | 17.0% | -27 bp | -0.1% |
XLF | Financial Select Sector SPDR Fund | 16.6% | -26 bp | -0.5% |
FTDS | First Trust Dividend Strength ETF | 16.5% | +35 bp | +1.8% |
Risk and Returns: KIE vs. Comps (1 YR)
Notes: Top 10 overlapping ETFs. Funds with insufficient history not shown. Some funds may overlap. Hover over data point for ticker symbol.
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Results & Estimates
2019 | 2020 | 2021 | 2022 | 2023 | 2024E | 2025E | ||
---|---|---|---|---|---|---|---|---|
Sales per share | -- | -- | -- | -- | -- | -- | -- | |
change (%) | -- | -- | -- | -- | -- | -- | -- | |
Earnings per share | -- | -- | -- | -- | -- | -- | -- | |
change (%) | -- | -- | -- | -- | -- | -- | -- | |
Dividends per share | -- | -- | -- | -- | -- | -- | -- | |
change (%) | -- | -- | -- | -- | -- | -- | -- | |
Book value per share | -- | -- | -- | -- | -- | -- | -- | |
change (%) | -- | -- | -- | -- | -- | -- | -- |
Return on Equity
Net Margins
EPS Revision Activity (6 mo. ago = 100%)
Compound Annual Growth Rates
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Valuation Metrics
2023 | 2024E | Fwd Est | 2025E | |
Price-to-sales | --x | --x | --x | --x |
Price-to-earnings | --x | --x | --x | --x |
Price-to-cash flow | --x | --x | --x | --x |
Price-to-growth | --x | --x | --x | --x |
Price-to-book value | --x | --x | --x | --x |
Yield | --% | --% | --x | --% |
Based on closing prices from 10/4/2024
Peer Group Comparison Sample data. Subscribe for access.
Price-to-Earnings
Price-to-Sales
Price-to-Book Value
Price-to-Cash Flow
Price-to-Growth
Dividend Yield
Historical Valuation Trends Sample data. Subscribe for access.
SHOWING:
Price-to-Earnings
Price-to-Earnings
KIE
Notes: Based on adjusted historical results for current fund constituents. May differ from results achieved by past fund constituents. Max P/E of 100x.
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ETF Research Center Rating
OVERWEIGHT
Above average appreciation potential. A rating of OVERWEIGHT is assigned to ETFs with ALTAR Scores in the 4th quintile (ranking higher than 60%-80%) of their category. Typically, funds in this category consist of stocks trading at attractive valuations and/or having above-average fundamentals.
ALTAR Score™
KIE
6.2%
Cat. Avg
5.6%
ALTAR Score™ Calculation
Category Overview
There are 936 funds in the US Equity category, with an average ALTAR Score™
of 5.6% and a standard deviation of
2.4%. KIE's ALTAR Score™ is approximately
0.3 standard deviations
above
the category average. This places KIE in the 61st percentile among funds in the category.
Sell Side Consensus Rating
Sell-side recommendations on the ETF's individual constituents
KIESELL
U/W
HOLD
O/W
BUY
Expense Analysis
Peer Group | Passive US Equity ETFs |
# of ETFs | 192 |
Avg. Expense Ratio | 31.0 bp |
Std. Deviation | 25.7 bp |
KIE (35 bp) Percentile rank | 56 |
Peer Group Expense Ratio Distribution
Total Cost of Ownership (TCO) Comparison
Expense (bp) (A) |
Avg. Bid/Ask (bp) (B) |
TCO (bp) (A)+(B) |
|
---|---|---|---|
KIE | 35.0 | 2.4 | 37.4 |
Peer Avg. | 25.6 | 9.3 | 34.9 |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .