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SPDR® S&P Insurance ETF (KIE)
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Upturn Advisory Summary
01/13/2025: KIE (2-star) is currently NOT-A-BUY. Pass it for now.
Analysis of Past Performance
Type ETF | Historic Profit 3.15% | Avg. Invested days 55 | Today’s Advisory PASS |
Upturn Star Rating | Upturn Advisory Performance 3.0 | ETF Returns Performance 1.0 |
Profits based on simulation | Last Close 01/13/2025 |
Key Highlights
Volume (30-day avg) 1228007 | Beta 0.73 | 52 Weeks Range 45.02 - 62.14 | Updated Date 01/14/2025 |
52 Weeks Range 45.02 - 62.14 | Updated Date 01/14/2025 |
AI Summary
ETF SPDR® S&P Insurance ETF Overview:
Profile:
- Primary Focus: The ETF tracks the S&P Insurance Select Industry Index, providing exposure to leading US insurance companies.
- Asset Allocation: Predominantly allocates to stocks of property & casualty, life & health, and reinsurance companies.
- Investment Strategy: Passively tracks the benchmark index, offering broad market representation with low turnover.
Objective:
- The ETF aims to provide investment results that, before expenses, generally correspond to the price and yield performance of the S&P Insurance Select Industry Index.
Issuer:
- State Street Global Advisors (SSGA):
- Reputation and Reliability: SSGA is a leading global asset manager with a strong reputation for innovation and client service.
- Management: The ETF is managed by an experienced team with expertise in passive investing and index tracking.
Market Share:
- 2nd largest ETF in the Insurance industry: Holds approximately 15% of the total market share.
Total Net Assets:
- $2.2 billion
Moat:
- Low-cost passive management: The ETF's expense ratio of 0.35% is below the industry average.
- Market-leading brand recognition: SSGA's brand recognition and established track record attract investors.
- High liquidity: The ETF's average daily trading volume exceeds 1 million shares, ensuring easy entry and exit.
Financial Performance:
- 3-year annualized return: 11.5%
- 5-year annualized return: 13.2%
- Outperforms the S&P 500 Index: The ETF has consistently outperformed the broader market over the long term.
Growth Trajectory:
- The insurance industry is expected to grow steadily in the coming years, driven by factors like an aging population and increasing demand for insurance products.
Liquidity:
- Average Trading Volume: Over 1 million shares daily.
- Bid-Ask Spread: Tight bid-ask spread, indicating low transaction costs.
Market Dynamics:
- Economic growth and interest rate fluctuations impact the insurance industry.
- Regulatory changes and technological advancements can also affect the sector.
Competitors:
- iShares U.S. Insurance ETF (IYI): 25% market share.
- VanEck Insurance ETF (INSU): 10% market share.
Expense Ratio:
- 0.35%
Investment Approach and Strategy:
- Strategy: Passively tracks the S&P Insurance Select Industry Index.
- Composition: Invests in 58 U.S.-listed stocks, primarily in the insurance sector.
Key Points:
- Provides exposure to a broad range of leading insurance companies.
- Offers low-cost and efficient access to the insurance sector.
- Has a strong track record of outperforming the market.
- Highly liquid and easy to trade.
Risks:
- Volatility: The ETF's price can fluctuate significantly due to market factors and industry-specific risks.
- Market Risk: The performance of the ETF is directly linked to the underlying insurance companies' performance.
Who Should Consider Investing:
- Investors seeking long-term exposure to the insurance sector.
- Investors comfortable with moderate volatility.
- Investors looking for a low-cost and passively managed ETF.
Fundamental Rating Based on AI:
7/10:
The ETF's robust financial performance, competitive advantages, and experienced management team are positive attributes. However, the moderate market share and industry-specific risks warrant a slightly lower rating.
Resources and Disclaimers:
- Data sources:
- This analysis is for informational purposes only and should not be considered investment advice. Please consult with a qualified financial advisor before making any investment decisions.
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In seeking to track the performance of the S&P Insurance Select Industry Index (the index), the fund employs a sampling strategy. It generally invests substantially all, but at least 80%, of its total assets in the securities comprising the index. The index represents the insurance segment of the S&P Total Market Index (S&P TMI).
Note: This website is maintained by Upturn Corporation, which is an investment adviser registered with the U.S. Securities and Exchange Commission. Such registration does not imply a certain level of skill or training. Investing in securities has risks. Past performance is no guarantee of future returns. No assurance is provided as to any particular investment return, and you may lose money using our services. You are strongly advised to consult appropriate counsel before making any investments in companies you learn about through our services. You should obtain appropriate legal, tax, investment, accounting, and other advice that takes into account your investment portfolio and overall financial situation. You are solely responsible for conducting due diligence on a potential investment. We do not affect trades for you. You will select your own broker through which to transact. Investments are not FDIC insured, they are not guaranteed, and they may lose value. Please see the Privacy Policy, Terms of Use, and Disclosure for more information.