Skip to content
etf.net

BCFN vs KIE

Baron Financials ETF

BCFNFNasdaq

State Street SPDR S&P Insurance ETF

KIEANYSE Arca

Overlap

Expense ratio

KIE −0.45pt a year

BCFN0.80%KIE0.35%

Avg volume · 30D

KIE 529.5×the volume

BCFN2.24KKIE1.19M

BCFN vs KIE Performance

Dec 31, 2025 – Oct 30, 2026

−10.6%BCFN+7.2%KIE

Dec 31, 2025 to Oct 30, 2026. BCFN −10.6%. KIE +7.2%. Use the arrow keys to read each point.−15%−5%0%Dec 2025Jun 2026Oct 2026
Expense ratio
BCFN 0.80%
KIE 0.35%, better
Fund size
BCFN $45M
KIE $516M
1Y total return
BCFN No data
KIE +14.9%
Yield (12M)
BCFN No data
KIE 1.56%
Holdings
BCFN 44
KIE 56
Avg volume (30D)
BCFN 2.24K sh
KIE 1.19M sh, better
NAV per share
BCFN $22.26
KIE $63.34
52W range

ETF.net Grade

BCFN: Cost 6, Risk 6, Mission not scored, Tradability 5, Holdings 60, Durability 26. KIE: Cost 74, Risk 58, Mission 74, Tradability 82, Holdings 79, Durability 53.
Pillar letters and Scores for BCFN, KIE, with each pillar’s weight
PillarBCFNKIE
Cost30% weightF6A74Higher
Mission25% weightNot scoredA74
Risk15% weightF6B58Higher
Tradability15% weightF5A82Higher
Holdings10% weightB60A79Higher
Durability5% weightD26C53Higher

Rank among Financials (Broad) funds

How we build Categories ›
Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

Same Category. BCFN and KIE are both graded against the same 18 Financials (Broad) funds, so their Grades compare head to head.

Financials (Broad)⁠

Category · 18 funds
See all 18 ›

KIE ranks 3rd and BCFN 18th of 18 funds in the Financials (Broad) Category.

  1. Rank 1AXLFState Street Financial Select Sector SPDR ETFScore 82
  2. Rank 2AFNCLFidelity MSCI Financials Index ETFScore 76
  3. Rank 3AKIEState Street SPDR S&P Insurance ETFScore 72
  4. Rank 4BVFHVanguard Financials ETFScore 69
  5. Rank 17FKBWDInvesco KBW High Dividend Yield Financial ETFScore 22
  6. Rank 18FBCFNBaron Financials ETFScore 14

Our read on each fund

ETF.net Research

BCFNFBaron Financials ETF

KIEAState Street SPDR S&P Insurance ETF

In short

BCFN Baron's financials entry skips the cheap-index game: 0.80% a year in an aisle where the big index funds charge under a tenth of a percent, and a mandate that runs one line long, capital appreciation.

KIE Most financial-sector funds are banks with a side of insurance. KIE flips it: roughly 50 insurance stocks and nothing else, running since 2005 at a price below the typical broad-financials fund.

Stated mandate

BCFN The Fund seeks capital appreciation.

KIE The fund seeks to track, before fees and expenses, the total return performance of the S&P Insurance Select Industry Index.

Why people hold it

  • BCFN The mandate is refreshingly short: an equity portfolio in financials, aiming for capital appreciation. You always know which corner of the market you're renting.
  • Trading since the last day of 2019, so there's a multi-year live record behind it rather than a backtest and a launch-week story.
  • Plain 1940 Act fund wrapper. No K-1 at tax time, no bank-issued note behind the exposure, no exotic-structure homework before you can size a position.
  • KIE 0.35% a year, under the 0.44% median for its financials peer group, and modest for a single-industry slice.
  • Trading since 2005, through the financial crisis and every rate cycle since.
  • One of the more actively traded funds in its category, which typically shows up as tighter bid-ask spreads for the people buying it.
  • Roughly 50 insurance names, few enough to actually read the holdings list, with distributions paid quarterly.ssga.com

Worth knowing

  • BCFN At 0.80%, it runs well above the broad-financials median of 0.44% and roughly ten times what XLF (0.08%) or VFH (0.09%) charge. The strategy has to earn that gap.
  • Small and lightly traded next to the household-name sector funds, so spreads and order size matter more here than they would in a giant.
  • The stated goal is capital appreciation, not income, a real distinction in a sector plenty of people own for the dividend cheques.
  • KIE Broad financials rivals like XLF and VFH charge closer to 0.08%. The insurance-only focus costs extra.
  • One industry, about 50 stocks: catastrophe losses, reserve surprises and rate swings hit the whole basket at once.
  • Insurance is a slice of the financial sector, not a stand-in for it. Banks, exchanges and payment networks sit outside this index.ssga.com

Full BCFN profile⁠

Full KIE profile⁠

BCFN vs KIE Holdings

How we measure overlap

Each holding counts at its smaller weight in the two funds, summed over the full Holdings. Sector, country and asset class use the same rule on each fund’s split. Cash, FX and derivative lines stay out of the counts. Two bond funds get no overlap figure.

BCFN vs KIE Cost

Overpaying BCFN vs KIE

$8,220

On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.

  • BCFN 0.80%

    $15,346

  • KIE 0.35%

    $7,126

$10,000
30 years

Cost over time

  • BCFN 0.80%
  • KIE 0.35%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$5K$10K$15K$20K051015202530BCFN $15,346KIE $7,126

Year by year

YearBCFNKIEOverpaying
10$1,422$634$788
20$5,393$2,454$2,939
30$15,346$7,126$8,220

Expense ratio

  • 0.80%BCFN
  • 0.35%KIE, cheaper
  • Middle half of Financials (Broad) funds
  • Median 0.37%

KIE 5th cheapest of 18 funds

BCFN 17th cheapest of 18 funds

BCFN vs KIE Dividends

Last 12 months to Oct 30, 2026
Yield (12M)
BCFN No data
KIE 1.56%
Payout (12M)
BCFN None
KIE $0.99
Last payment
BCFN No data
KIE $0.18
Ex-dividend
BCFN No data
KIE Sep 21, 2026
Paid on
BCFN No data
KIE Sep 23, 2026
Frequency
BCFN No data
KIE Quarterly

Distribution history

Per share, 2017 to 2026, same scale for both

BCFNAll BCFN payments⁠

No distribution history available.

KIEQuarterly · 39 paymentsAll KIE payments⁠
One bar per payment. 39 payments from 2017 to 2026 YTD. Mar 17, 2017 $0.09; Jun 16, 2017 $0.11; Sep 15, 2017 $0.10; Dec 15, 2017 $0.17; Mar 16, 2018 $0.14; Jun 15, 2018 $0.12; Sep 21, 2018 $0.12; Dec 24, 2018 $0.14; Mar 18, 2019 $0.16; Jun 24, 2019 $0.14; Sep 23, 2019 $0.15; Dec 23, 2019 $0.17; Mar 23, 2020 $0.16; Jun 22, 2020 $0.13; Sep 21, 2020 $0.13; Dec 21, 2020 $0.20; Mar 22, 2021 $0.17; Jun 21, 2021 $0.21; Sep 20, 2021 $0.19; Dec 20, 2021 $0.22; Mar 21, 2022 $0.15; Jun 21, 2022 $0.18; Sep 19, 2022 $0.17; Dec 19, 2022 $0.27; Mar 20, 2023 $0.13; Jun 20, 2023 $0.15; Sep 18, 2023 $0.16; Dec 18, 2023 $0.22; Mar 18, 2024 $0.19; Jun 24, 2024 $0.18; Sep 23, 2024 $0.17; Dec 23, 2024 $0.30; Mar 24, 2025 $0.30; Jun 23, 2025 $0.16; Sep 22, 2025 $0.17; Dec 22, 2025 $0.32; Mar 23, 2026 $0.28; Jun 22, 2026 $0.21; Sep 21, 2026 $0.18. Use the arrow keys to read each point.$0$0.252017202020232026YTD

BCFN vs KIE Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years
BCFN No dataKIE 17.8%
Return per unit of riskSharpe ratio, 3 years
BCFN No dataKIE 0.68
Worst fallMax drawdown, 5 years
BCFN No dataKIE −15.7%
Market sensitivityBeta, 5 years
BCFN 0.82KIE 0.46

Popular comparisons

  • BCFNFvsXLFA

    Baron Financials ETF · State Street Financial Select Sector SPDR ETF

    Expense ratio
    0.80% · 0.08%
    Category
    Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

  • KIEAvsXLFA

    State Street SPDR S&P Insurance ETF · State Street Financial Select Sector SPDR ETF

    Expense ratio
    0.35% · 0.08%
    Category
    Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

  • BCFNFvsFNCLA

    Baron Financials ETF · Fidelity MSCI Financials Index ETF

    Expense ratio
    0.80% · 0.08%
    Category
    Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

  • KIEAvsFNCLA

    State Street SPDR S&P Insurance ETF · Fidelity MSCI Financials Index ETF

    Expense ratio
    0.35% · 0.08%
    Category
    Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

  • BCFNFvsVFHB

    Baron Financials ETF · Vanguard Financials ETF

    Expense ratio
    0.80% · 0.09%
    Category
    Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

  • KIEAvsVFHB

    State Street SPDR S&P Insurance ETF · Vanguard Financials ETF

    Expense ratio
    0.35% · 0.09%
    Category
    Same Category. Both funds are graded against the same funds, so their Grades compare head to head.