KIE
SPDR S&P Insurance ETF

Price: $38.69
Change: $0.53 (-0.01%)
Last Updated:

Vitals

Issuer State Street
Brand SPDR
Structure ETF
Expense Ratio 0.35%
ETF Home Page Home page
Inception Nov 08, 2005

Analyst Report

This ETF gives investors a way to play insurance companies, a sub-sector of the financial sector that offers a unique risk/return profile relative to traditional financial exposure. Whereas financial funds such as XLF are dominated by mega caps, KIE maintains significant exposure to mid and large cap firms which are not impacted by the same factors that drive the performance of big Wall Street investment banks. Instead, insurance companies tend to be far less volatile and tend to be more conservative. Firms in this sector are more likely to be impacted by news of natural disasters rather than new banking regulations. However, due to the capital constraints of the industry as well as some barriers to entry, the list of companies in the index remains very small as only 25 firms constitute KIE. As a result of this, diversification may not be as robust as some need in their portfolios and for those investors a broader financial fund would probably be preferable.

ETF Database Themes

Asset Class Equity
Asset Class Size Multi-Cap
Asset Class Style Blend
Sector (General) Financials
Sector (Specific) Insurance
Region (General) North America
Region (Specific) U.S.

FactSet Classifications

Segment Equity: U.S. Insurance
Category Sector
Focus Financials
Niche Insurance
Strategy Equal
Weighting Scheme Equal

Trading Data

Open - Volume -
Day Lo - Day Hi -
  • Open
  • Volume
  • Day Lo
  • Day Hi
  • 52 Week Lo $31.34
  • 52 Week Hi $41.80
  • AUM $429.8 M
  • Shares 11.0 M

Historical Trading Data

  • 1 Month Avg. Volume 875,622
  • 3 Month Avg. Volume 848,548

Alternative ETFs in the ETF Database Financials Equities Category

Type Symbol Expense Ratio Assets Avg. Daily Vol YTD Return
Cheapest FNCL 0.08% $1.9 B 276,239 -2.97%
Largest (AUM) XLF 0.12% $46.8 B 60 M 0.44%
Most Liquid (Volume) XLF 0.12% $46.8 B 60 M 0.44%
Top YTD Performer KWT 0.74% $20.8 M 2,017 4.21%

Alternative ETFs in the FactSet Equity: U.S. Insurance Segment

Type Symbol Expense Ratio Assets Avg. Daily Vol YTD Return
Cheapest IAK 0.42% $92.5 M 19,214 -0.37%
Largest (AUM) IAK 0.42% $92.5 M 19,214 -0.37%
Most Liquid (Volume) IAK 0.42% $92.5 M 19,214 -0.37%
Top YTD Performer IAK 0.42% $92.5 M 19,214 -0.37%

Top 15 Holdings

Concentration Analysis

This section compares how balanced and deep this ETF is relative to its peers.

Holdings Comparison

KIE ETF Database Category Average FactSet Segment Average
Number of Holdings 54 96 58
% of Assets in Top 10 23.45% 44.98% 43.06%
% of Assets in Top 15 34.60% 56.46% 54.61%
% of Assets in Top 50 97.38% 87.20% 98.11%

Size Comparison

KIE ETF Database Category Average FactSet Segment Average
Large (>12.9B) 46.66% 54.17% 61.87%
Mid (>2.7B) 48.89% 26.94% 34.61%
Small (>600M) 3.54% 11.88% 2.93%
Micro (<600M) 0.91% 1.13% 0.60%

KIE Valuation

This section compares the P/E ratio of this ETF to its peers.

KIE
P/E Ratio
12.05
ETF Database Category Average
P/E Ratio
14.28
FactSet Segment Average
P/E Ratio
13.13

KIE Dividend

This section compares the dividend yield of this ETF to its peers.

KIE ETF Database Category Average FactSet Segment Average
Dividend $ 0.19 $ 0.32 $ 0.34
Dividend Date 2021-09-20 N/A N/A
Annual Dividend Rate $ 0.77 $ 1.02 $ 1.23
Annual Dividend Yield 1.88% 1.95% 1.94%

KIE Price and Volume Charts

View charts featuring KIE price and volume data.

KIE Fund Flows Charts

View charts featuring ETF fund flow data.

5 Day Net Flows: -9.83 M 1 Month Net Flows: -7.66 M 3 Month Net Flows: -59.66 M 6 Month Net Flows: -52.99 M 1 Year Net Flows: 36.47 M 3 Year Net Flows: -314.7 M 5 Year Net Flows: -644.89 M 10 Year Net Flows: -69.43 M

KIE Price vs Flows AUM Influence Charts

View charts that break down the influence that fund flows and price had on overall assets.

Realtime Rating

The adjacent table gives investors an individual Realtime Rating for KIE on several different metrics, including liquidity, expenses, performance, volatility, dividend, concentration of holdings in addition to an overall rating. The "A+ Metric Rated ETF" field, available to ETF Database Pro members, shows the ETF in the Financials Equities with the highest Metric Realtime Rating for each individual field. To view all of this data, sign up for a free 14-day trial for ETF Database Pro. To view information on how the ETF Database Realtime Ratings work, click here.

Metric Metric Realtime Rating A+ Metric Rated ETF
Liquidity A- n/a
Expenses B+ n/a
Performance
Volatility
Dividend
Concentration

A+ Overall Rated ETF:

KIE Expenses & Fees

This section compares the cost efficiency of this ETF to its peers.

Expenses Ratio Analysis

KIE
Expense Ratio
0.35%
ETF Database Category Average
Expense Ratio
0.86%
FactSet Segment Average
Expense Ratio
0.39%

Tax Analysis

Max ST Capital Gains Rate 39.60%
Max LT Capital Gains Rate 20.00%
Tax On Distributions Qualified dividends
Distributes K1 No
ESG Themes and Scores
5.12/10
ESG Score
23.2%
Global Percentile
17.36%
Peer Percentile
    • Revenue Exposure to Environmental Impact (%)
      Higher is better, no ESG score impact
    • Severe Environment Controversies (%)
      Lower improves ESG score
    • Sustainable Impact Solutions (%)
      0.0%
      Higher is better, no ESG score impact
    • Weighted Average Carbon Intensity (Tons of CO2e / $M Sales)
      2.8
      Higher is worse, no ESG score impact
    • Fossil Fuel Reserves (%)
      Higher is worse, no ESG score impact
    • High Impact Fossil Fuel Reserves (%)
      Higher is worse, no ESG score impact
    • Water Stress High Risk Business Segment (%)
      Lower improves ESG score
    • Water Stress High Risk Geography (%)
      Lower improves ESG score
    • Water Stress Exposure Moderate (%)
      Lower improves ESG score
    • Water Stress Exposure High (%)
      Lower improves ESG score
    • Water Stress Exposure Low (%)
      Higher improves ESG score
    • Revenue Exposure to Energy Efficiency (%)
      Higher is better, no ESG score impact
    • Revenue Exposure to Alternative Energy (%)
      Higher is better, no ESG score impact
    • Revenue Exposure to Green Building (%)
      Higher is better, no ESG score impact
    • Revenue Exposure to Pollution Prevention (%)
      Higher is better, no ESG score impact
    • Revenue Exposure to Water Sustainability (%)
      Higher is better, no ESG score impact
    • Revenue Exposure to Social Impact (%)
      Higher is better, no ESG score impact
    • Sustainable Impact Solutions (%)
      0.0%
      Higher is better, no ESG score impact
    • SRI Exclusion Criteria (%)
      0.0%
      Higher is worse, no ESG score impact
    • Revenue Exposure to Affordable Real Estate (%)
      Higher is better, no ESG score impact
    • Revenue Exposure to Education (%)
      Higher is better, no ESG score impact
    • Revenue Exposure to Major Disease Treatment (%)
      Higher is better, no ESG score impact
    • Revenue Exposure to Nutrition (%)
      Higher is better, no ESG score impact
    • Revenue Exposure to Sanitation (%)
      Higher is better, no ESG score impact
    • Revenue Exposure to SME Finance (%)
      Higher is better, no ESG score impact
    • Human Rights Norms Violation (%)
      Higher is worse, no ESG score impact
    • Human Rights Norms Violation OR Watch List (%)
      Higher is worse, no ESG score impact
    • Severe Human Rights Controversies (%)
      Lower improves ESG score
    • Labor Norms Violation (%)
      Higher is worse, no ESG score impact
    • Labor Norms Violation OR Watch List (%)
      Higher is worse, no ESG score impact
    • Severe Labor Controversies (%)
      Lower improves ESG score
    • Severe Customer Controversies (%)
      Lower improves ESG score
    • Global Compact Compliance Violation (%)
      Higher is worse, no ESG score impact
    • Global Compact Compliance Violation OR Watch List (%)
      Higher is worse, no ESG score impact
    • Catholic Values Fail (%)
      Higher is worse, no ESG score impact
    • Islamic Non-Compliant (%)
      Higher is worse, no ESG score impact
    • Adult Entertainment Involvement (%)
      Higher is worse, no ESG score impact
    • Alcohol Involvement (%)
      Higher is worse, no ESG score impact
    • Gambling Involvement (%)
      Higher is worse, no ESG score impact
    • Nuclear Power Involvement (%)
      Higher is worse, no ESG score impact
    • Tobacco Involvement (%)
      Higher is worse, no ESG score impact
    • Weapons Involvement (%)
      Higher is worse, no ESG score impact
    • Controversies Weapons Involvement (%)
      Higher is worse, no ESG score impact
    • Civilian Firearms Involvement (%)
      Higher is worse, no ESG score impact
    • Civilian Firearms Retailer (%)
      Higher is worse, no ESG score impact
    • Civilian Firearms Producer (%)
      Higher is worse, no ESG score impact
    • Direct Predatory Lending Involvement (%)
      Higher is worse, no ESG score impact
    • Genetic Engineering Involvement (%)
      Higher is worse, no ESG score impact
    • Severe Governance Controversies (%)
      Lower improves ESG score
    • Board Flag (%)
      Lower improves ESG score
    • Lack of Independent Board Majority (%)
      Lower improves ESG score
    • Board Independence (0-25%) (%)
      Lower improves ESG score
    • Board Independence (25-50%) (%)
      Lower improves ESG score
    • Board Independence (50-75%) (%)
      Higher improves ESG score
    • Board Independence (75-100%) (%)
      Higher improves ESG score
    • No Female Directors (%)
      Lower improves ESG score
    • Three OR More Female Directors (%)
      Higher improves ESG score
    • Females Represent 30% of Directors (%)
      Higher improves ESG score
    • Entrenched Board (%)
      Lower improves ESG score
    • Overboarding (%)
      Lower improves ESG score
    • Negative Director Votes (%)
      Lower improves ESG score
    • Ownership AND Control Flag (%)
      Lower improves ESG score
    • One Share One Vote (%)
      Lower improves ESG score
    • No Annual Director Elections (%)
      Lower improves ESG score
    • Does Not Use Majority Voting (%)
      Lower improves ESG score
    • Significant Votes Against Pay Practices (%)
      Lower improves ESG score
    • Controlling Shareholder (%)
      Lower improves ESG score
    • Controlling Shareholder Concerns (%)
      Lower improves ESG score
    • Cross Shareholdings (%)
      Lower improves ESG score
    • Poison Pill (%)
      Lower improves ESG score
    • Pay Flag (%)
      Lower improves ESG score
    • No Pay Performance Link (%)
      Lower improves ESG score
    • Lack of Internal Pay Equity (%)
      Lower improves ESG score
    • Executive Pay Non-Disclosure (%)
      Lower improves ESG score
    • Accounting Flag (%)
      Lower improves ESG score

KIE Performance

This section shows how this ETF has performed relative to its peers.

KIE ETF Database
Category Average
Factset Segment
Average
1 Month Return -3.03% -3.72% -1.08%
3 Month Return -5.76% -7.98% -3.29%
YTD Return -4.16% -4.18% -2.27%
1 Year Return 20.57% 23.08% 25.24%
3 Year Return 36.58% 39.39% 40.63%
5 Year Return 51.23% 47.20% 52.44%

Geographic Exposure

The following charts reflect the geographic spread of KIE's underlying holdings.

Region Percentage
North, Central and South America 100.01%
Country Percentage
United States 81.14%
Bermuda 12.52%
Switzerland 2.18%
United Kingdom 2.07%
Ireland 1.95%
Other 0.15%

Holdings Analysis

The following charts reflect the allocation of KIE's underlying holdings.

Sector Percentage
Finance 98.5%
Commercial Services 1.36%
Miscellaneous 0.15%
Market Cap Percentage
Mid 48.89%
Large 46.66%
Small 3.54%
Micro 0.91%
Region Percentage
Asset Percentage
Share/Common/Ordinary 99.86%
Open-ended Fund 0.15%
Sector Percentage
Finance 98.5%
Commercial Services 1.36%
Miscellaneous 0.15%

KIE Technicals

Volatility Analysis

This section shows how the volatility of this ETF compares to the peer group ETF Database Category.

5 Day Volatility 114.58%
20 Day Volatility 14.80%
50 Day Volatility 20.13%
200 Day Volatility 18.18%
Beta 0.97
Standard Deviation 1.95%
5 Day Volatility
114.58%
Rank
6 of 34

20 Day Volatility
14.80%
Rank
31 of 34

50 Day Volatility
20.13%
Rank
25 of 34

200 Day Volatility
18.18%
Rank
26 of 34

Beta
0.97
Rank
32 of 34

Standard Deviation
1.95%
Rank
26 of 33

Technicals

  • 20 Day MA $40.33
  • 60 Day MA $40.00
  • MACD 15 Period -1.62
  • MACD 100 Period -0.92
  • Williams % Range 10 Day 80.15
  • Williams % Range 20 Day 80.15
  • RSI 10 Day 30
  • RSI 20 Day 40
  • RSI 30 Day 44
  • Ultimate Oscillator 42

Bollinger Bands

  • Lower Bollinger (10 Day) $38.27
  • Upper Bollinger (10 Day) $41.68
  • Lower Bollinger (20 Day) $38.86
  • Upper Bollinger (20 Day) $41.90
  • Lower Bollinger (30 Day) $38.55
  • Upper Bollinger (30 Day) $41.72

Support & Resistance

  • Support Level 1 $38.04
  • Support Level 2 $37.39
  • Resistance Level 1 $39.74
  • Resistance Level 2 $40.79

Stochastic

  • Stochastic Oscillator %D (1 Day) 36.54
  • Stochastic Oscillator %D (5 Day) 37.38
  • Stochastic Oscillator %K (1 Day) 41.88
  • Stochastic Oscillator %K (5 Day) 35.77

Tradability

  • Tracking Difference Median (%) -0.50
  • Tracking Difference Max Upside (%) -0.21
  • Tracking Difference Max Downside (%) -0.79
  • Median Premium Discount (%) 0.02
  • Maximum Premium Discount (%) 0.15
  • Average Spread (%) 1.07
  • Average Spread ($) 1.07

Financial Advisor Report

ETF Database's Financial Advisor Reports are designed as an easy handout for clients to explain the key information on a fund. Includes new analyst insights and classification data.

Fact Sheet

Fact sheets are issued by the ETF provider and framed by ETF Database. Information contained within the fact sheet is not guaranteed to be timely or accurate.

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Analyst Report Authors

ETF Database analysts have a combined 50 years in the ETF and Financial markets, covering every asset class and investment style. The team monitors new filings, new launches and new issuers to make sure we place each new ETF in the appropriate context so Financial Advisors can construct high quality portfolios.

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Copyright MSCI ESG Research LLC [2018]. All Rights Reserved. MSCI ESG Research LLC’s (“MSCI ESG”) Fund Metrics products (the “Information”) provide environmental, social and governance data with respect to underlying securities within more than 23,000 multi-asset class Mutual Funds and ETFs globally. MSCI ESG is a Registered Investment Adviser under the Investment Advisers Act of 1940. MSCI ESG materials have not been submitted, to nor received approval from, the US SEC or any other regulatory body. None of the information constitutes an offer to buy or sell, or a promotion or recommendation of, any security, financial instrument or product or trading strategy, nor should it be taken as an indication or guarantee of any future performance, analysis, forecast or prediction. None of the Information can be used to determine which securities to buy or sell or when to buy or sell them. The Information is provided “as is” and the user of the Information assumes the entire risk of any use it may make or permit to be made of the Information. All Information is provided solely for your internal use, and may not be reproduced or redisseminated in any form without express prior written permission from MSCI. Neither MSCI ESG nor any of its affiliates or any third party involved in or related to creating any Information makes any express or implied warranties, representations or guarantees, and in no event will MSCI ESG or any such affiliate or third party have any liability for any direct, indirect, special, punitive, consequential or any other damages (including lost profits) relating to any Information. More information on MSCI ESG Fund Metrics, provided by MSCI ESG Research LLC, can be found at https://www.msci.com/esg-fund-metrics.
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