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
1.0 B
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) | $1,045 |
| 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 +
| UNUM GROUP | 2.5 % |
| GOOSEHEAD INSURANCE, INC. CLASS A | 2.4 % |
| AXIS CAPITAL HOLDINGS LTD | 2.2 % |
| CNO FINANCIAL GROUP INC | 2.2 % |
| BRIGHTHOUSE FINANCIAL, INC. | 2.2 % |
| ASSURANT INC | 2.1 % |
| WHITE MOUNTAINS INSURANCE GP | 2.1 % |
| KEMPER CORP | 2.1 % |
| RLI CORP | 2.1 % |
| GENWORTH FINANCIAL INC-CL A | 2.1 % |
Constituent Breakdown
| Number of holdings | 51 |
| Herfindahl-Hirschman Index | 197 |
| Wgt avg mkt cap (mns) | $28,724 |
| Large cap (>$10bn) | 64.4% |
| Mid cap ($2-10bn) | 35.7% |
| Small cap (<$2bn) | 0.0% |
| Developed mkts. | 100.0% |
| Emerging mkts. | 0.0% |
Country Exposure
 |
UNITED STATES | 81.2 % |
 |
BERMUDA | 11.6 % |
 |
BRITAIN | 2.0 % |
 |
IRELAND | 2.0 % |
 |
SWITZERLAND | 1.8 % |
Historical Performance
Standardized Performance (as of 11/30/2024)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | Incep. | |
|---|---|---|---|---|---|---|---|
| Total Returns | 38.5% | 38.9% | 22.8% | 19.7% | 14.0% | 12.9% | 8.7% | Volatility | 14.2% | 13.9% | 15.8% | 18.3% | 25.6% | 20.7% | -- |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 0.68 | 44% |
| MSCI EAFE | 0.64 | 38% |
| MSCI Emg Mkts | 0.28 | 8% |
Liquidity Measures
| Avg. volume (000) | 1,321 |
| Turnover | 7.2% |
| Avg. Bid/Ask (% of price) | 0.02% |
| ADV of underlying (mns) | $5,704 |
Technical Indicators
| Recent close | $56.81 |
| 30d moving avg. | $60.19 |
| Annualized volatility | 17.9% |
| Relative strength (RSI) | 51 |
| Short interest (ETF) | 10.3% |
| Short interest (underlying) | 2.3% |
Distributions
Assets Under Management (mns)
Money Flows (mns)
Short Interest (as % of shares outstanding)
Long Money Flows (mns)
Top Ten Comparable ETFs only shown here. For an extended list become an Individual or Professional subscriber. Start your FREE trial
Comparable ETFs Based on Overlap
| Ticker | Fund Name | Overlap vs. KIE |
Expenses vs. KIE |
ALTAR Score™ vs. KIE |
|---|---|---|---|---|
| IAK | iShares U.S. Insurance ETF | 48.8% | +5 bp | -0.1% |
| KBWP | Invesco KBW Property & Casualty Insurance ETF | 35.4% | 0 bp | -0.4% |
| FXO | First Trust Financials AlphaDEX Fund | 29.6% | +27 bp | +1.5% |
| RSPF | Invesco S&P 500 Equal Weight Financials ETF | 27.6% | +5 bp | -1.5% |
| IYF | iShares U.S. Financials ETF | 20.0% | +5 bp | -0.7% |
| PFI | Invesco Dorsey Wright Financial Momentum ETF | 17.3% | +25 bp | -0.8% |
| IPDP | Dividend Performers ETF | 17.1% | +87 bp | -1.5% |
| FNCL | Fidelity MSCI Financials Index ETF | 17.1% | -27 bp | -0.6% |
| VFH | Vanguard Financials ETF | 15.7% | -25 bp | -0.5% |
| XLF | Financial Select Sector SPDR Fund | 14.9% | -26 bp | -0.9% |
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 12/20/2024
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
6.4%
Cat. Avg
5.6%
ALTAR Score™ Calculation
Category Overview
There are 977 funds in the US Equity category, with an average ALTAR Score™
of 5.6% and a standard deviation of
2.6%. KIE's ALTAR Score™ is approximately
0.3 standard deviations
above
the category average. This places KIE in the 62nd 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. | 26.7 | 10.6 | 37.3 |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .