IXG vs KIE: Grades, Fees and Holdings Compared

iShares Global Financials ETF

IXGBNYSE Arca

State Street SPDR S&P Insurance ETF

KIEANYSE Arca

Overlap

7.1%by weight

Expense ratio

KIE −0.03pt a year

IXG0.38%KIE0.35%

Avg volume · 30D

KIE 22.0×the volume

IXG54KKIE1.19M

10Y return · a year

IXG +0.4pt

IXG+12.3%KIE+11.9%

IXG vs KIE Performance

Oct 29, 2021 – Oct 30, 2026

+79.2%IXG+71.8%KIE

Expense ratio: IXG 0.38%; KIE 0.35%, better
Fund size: IXG $698M; KIE $516M
1Y total return: IXG +15.6%, better; KIE +14.9%
Yield (12M): IXG 2.19%, better; KIE 1.56%
Holdings: IXG 244; KIE 56
Avg volume (30D): IXG 54K sh; KIE 1.19M sh, better
NAV per share: IXG $129.29; KIE $63.34
52W range

ETF.net Grade

Pillar letters and Scores for IXG, KIE, with each pillar’s weight
Pillar	IXG	KIE
Cost30% weight	C53	A74Higher
Mission25% weight	A85Higher	A74
Risk15% weight	A86Higher	B58
Tradability15% weight	D35	A82Higher
Holdings10% weight	A79	A79
Durability5% weight	B59Higher	C53

Rank among Financials (Broad) funds

How we build Categories ›

Same Category. IXG 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 IXG 5th of 18 funds in the Financials (Broad) Category.

Rank 1AXLFState Street Financial Select Sector SPDR ETFScore 82
Rank 2AFNCLFidelity MSCI Financials Index ETFScore 76
Rank 3AKIEState Street SPDR S&P Insurance ETFScore 72
Rank 4BVFHVanguard Financials ETFScore 69
Rank 5BIXGiShares Global Financials ETFScore 66
Rank 5BIYFiShares U.S. Financials ETFScore 66

Our read on each fund

ETF.net Research

IXGBiShares Global Financials ETF

KIEAState Street SPDR S&P Insurance ETF

In short

IXG Most financials ETFs stop at the US border. This one, running since 2001, owns the sector worldwide: roughly 220 banks, insurers and exchanges, priced below the typical financials fund.

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

IXG The fund seeks to track an index of global equities in the financials sector, providing diversified exposure to financial companies worldwide.

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

IXG Global by design. It tracks the S&P Global 1200 Financials Capped Index, so overseas banks and insurers sit next to the American giants instead of being left out.ishares.com
0.38% a year, below the 0.44% median for financials funds. Rare to get worldwide reach for less than the category norm.
Roughly 220 holdings under a capped index, which limits how far any one megabank can dominate the basket.
Live since 2001 and among the stronger index-tracking records in its peer group, with more than two decades of history behind the method.

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

IXG US-only rivals such as XLF, FNCL and VFH charge closer to 0.08%. The passport costs roughly four times more than staying home.
Trades thinner than the big US-focused financials funds, so spreads can widen and limit orders do real work.
Income lands once or twice a year, not quarterly. Something to know if you like a steadier payout rhythm.

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 IXG profile⁠

Full KIE profile⁠

IXG vs KIE Holdings

How IXG and KIE differ

Overlap by weight

7.1%

Shared holdings make up 43.6% of KIE and 7.1% of IXG.

Level by level

Holdings23 in both7.1%
Sector4 Sectors37.4%
Countryby domicile56.4%
Asset classEquity100%

Sector

Sector weights in IXG and KIE, widest gap first
Sector	More in IXGMore in KIE	IXG	KIE
Financials	KIE +60.7 points	37.4%	98.1%
Banks	IXG +45.0 points	45.0%	0.0%
Insurance	IXG +17.6 points	17.6%	0.0%
Health Care	KIE +1.9 points	0.0%	1.9%

Country, concentration and asset class

Country by domicile

Country weights in IXG and KIE, widest gap first
Country	More in IXGMore in KIE	IXG	KIE
United States	KIE +43.7 points	54.4%	98.0%
Canada	IXG +8.4 points	8.4%	0.0%
Japan	IXG +6.8 points	6.8%	0.0%
United Kingdom	IXG +5.4 points	5.4%	0.0%
Australia	IXG +4.1 points	4.1%	0.0%
Germany	IXG +3.0 points	3.0%	0.0%
Italy	IXG +2.7 points	2.7%	0.0%
Spain	IXG +2.6 points	2.6%	0.0%
Other countries (7)	IXG +10.6 points	12.6%	1.9%

Outside the US: IXG 92% developed, 8% emerging.

Concentration

Weight in the 10 largest Holdings

IXG31.1%
KIE20.1%

Securities held

IXG223
KIE54

Asset class

IXG: Equity
KIE: Equity

Holdings

Only in IXG200
In both23
Only in KIE31

Only in IXG

200 securities, 92.4% of IXG by weight

Berkshire Hathaway Inc Class B6.54%
JPMorgan Chase & Co5.80%
Visa Class A4.56%
Mastercard Class A3.34%
Bank of America2.11%
Hsbc Holdings PLC1.91%
Royal Bank of Canada1.83%
Goldman Sachs Group1.69%
Mitsubishi Ufj Financial Group1.68%
Wells Fargo1.63%
Morgan Stanley1.43%
Citigroup1.33%
Toronto Dominion1.33%
Commonwealth Bank of Australia1.27%
Allianz1.20%
Banco Santander1.10%
American Express1.08%
BlackRock1.07%
Sumitomo Mitsui Financial Group1.01%
Ubs Group AG0.94%
Charles Schwab0.93%
S&P Global0.91%
Banco Bilbao Vizcaya Argentaria0.85%
China Construction Bank Corp H0.83%
Capital One Financial Corp0.81%
Unicredit0.80%
Mizuho Financial Group0.78%
Bank of Montreal0.78%
Dbs Group Holdings Ltd0.76%
Zurich Insurance Group AG0.74%
Bank of Nova Scotia0.74%
Cme Group Class A0.71%
Tokio Marine Holdings0.69%
Canadian Imperial Bank of Commerce0.69%
Intesa Sanpaolo0.65%
Aia Group0.65%
Bank of New York Mellon Corp0.65%
Intercontinental Exchange Inc0.62%
Bnp Paribas SA0.62%
Us Bancorp0.60%
National Australia Bank0.59%
Pnc Financial Services Group0.59%
Ing Groep0.59%
Blackstone0.58%
Westpac Banking Corporation0.57%
Oversea-Chinese Banking0.57%
Anz Group Holdings Ltd0.56%
Brookfield Class A0.55%
Muenchener Rueckversicherungs-Gese0.52%
Industrial and Commercial Bank of0.52%

Only in KIE

31 securities, 56.3% of KIE by weight

Kemper Corp2.17%
Baldwin Insurance Group Inc/2.04%
Selective Insurance Group2.00%
Ryan Specialty Holdings Inc1.99%
White Mountains Insurance Gp1.99%
American Financial Group Inc1.98%
Reinsurance Group of America1.95%
Siriuspoint Ltd1.94%
Rli Corp1.91%
Renaissancere Holdings Ltd1.90%
Hanover Insurance Group Inc/1.90%
Markel Group Inc1.90%
Axis Capital Holdings Ltd1.90%
Skyward Specialty Insurance1.88%
Palomar Holdings Inc1.87%
Mercury General Corp1.84%
Kinsale Capital Group Inc1.83%
Cno Financial Group Inc1.83%
Primerica Inc1.78%
Assured Guaranty Ltd1.78%
Unum Group1.77%
Oscar Health Inc Class A1.76%
Lincoln National Corp1.72%
Horace Mann Educators1.71%
Old Republic Intl Corp1.71%
Lemonade Inc1.69%
Fidelity National Financial1.64%
First American Financial1.62%
Genworth Financial Inc1.56%
Brighthouse Financial Inc1.52%
Stewart Information Services1.22%

Weight gaps

All 23 Holdings in both funds, largest gap first.

Holding weights in IXG and KIE, widest gap first
Holding	More in IXGMore in KIE	IXG	KIE
Everest GroupEG	KIE +1.87 points	0.10%	1.97%
Erie Indemnity Class AERIE	KIE +1.82 points	0.04%	1.86%
Assurant IncAIZ	KIE +1.80 points	0.09%	1.89%
Wr BerkleyWRB	KIE +1.79 points	0.11%	1.90%
Cincinnati FinancialCINF	KIE +1.77 points	0.18%	1.95%
LoewsL	KIE +1.74 points	0.12%	1.86%
Arch Capital GroupACGL	KIE +1.73 points	0.23%	1.96%
Brown & Brown IncBRO	KIE +1.72 points	0.13%	1.85%
American International GroupAIG	KIE +1.69 points	0.28%	1.97%
Principal Financial Group IncPFG	KIE +1.67 points	0.14%	1.81%
Willis Towers WatsonWTW	KIE +1.66 points	0.19%	1.85%
Globe LifeGL	KIE +1.63 points	0.08%	1.71%
AflacAFL	KIE +1.59 points	0.36%	1.95%
MetlifeMET	KIE +1.56 points	0.35%	1.91%
Prudential Financial IncPRU	KIE +1.54 points	0.26%	1.80%
Arthur J GallagherAJG	KIE +1.53 points	0.46%	1.99%
Hartford Insurance GroupHIG	KIE +1.52 points	0.23%	1.75%
Aon PLC Class AAON	KIE +1.47 points	0.44%	1.91%
Travelers CompaniesTRV	KIE +1.43 points	0.54%	1.97%
Allstate CorpALL	KIE +1.40 points	0.43%	1.83%
MarshMRSH	KIE +1.40 points	0.62%	2.02%
ChubbCB	KIE +1.12 points	0.83%	1.95%
ProgressivePGR	KIE +1.07 points	0.87%	1.94%

All 223 IXG holdings⁠All 54 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.

IXG vs KIE Cost

Overpaying IXG vs KIE

$580

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

IXG 0.38%
$7,706
KIE 0.35%
$7,126

Amount$10,000

Years30 years

Cost over time

IXG 0.38%
KIE 0.35%
Overpaying

Year by year

Year	IXG	KIE	Overpaying
10	$688	$634	$54
20	$2,658	$2,454	$204
30	$7,706	$7,126	$580

Expense ratio

0.38%IXG
0.35%KIE, cheaper

KIE0.35%IXG0.38%

0.08%5.39%

Middle half of Financials (Broad) funds
Median 0.37%

KIE 5th cheapest of 18 funds

IXG 11th cheapest of 18 funds

IXG vs KIE Dividends

Last 12 months to Oct 30, 2026

Yield (12M): IXG 2.19%, better; KIE 1.56%
Payout (12M): IXG $2.83; KIE $0.99
Last payment: IXG $1.76; KIE $0.18
Ex-dividend: IXG Jun 15, 2026; KIE Sep 21, 2026
Paid on: IXG Jun 18, 2026; KIE Sep 23, 2026
Frequency: IXG Twice a year; KIE Quarterly

Distribution history

Per share, 2017 to 2026, same scale for both

IXGTwice a year · 20 paymentsAll IXG payments⁠

KIEQuarterly · 39 paymentsAll KIE payments⁠

IXG vs KIE Risk

Fall from peak · 5 years

Risk facts

VolatilityStd dev, 3 years: IXG 12.8%, betterKIE 17.8%
Return per unit of riskSharpe ratio, 3 years: IXG 1.58, betterKIE 0.68
Worst fallMax drawdown, 5 years: IXG −27.2%KIE −15.7%, better
Market sensitivityBeta, 5 years: IXG 0.81KIE 0.46; Market = 1

IXG and KIE in the news

All news⁠

Deep Dive
Financials drop 2.4% after the Fed's first hike since 2023 and a Bank of America fee warning
Sep 19, 2026KIE

Popular comparisons

IXGBvsXLFA
iShares Global Financials ETF · State Street Financial Select Sector SPDR ETF
Expense ratio
0.38% · 0.08%
Category
KIEAvsXLFA
State Street SPDR S&P Insurance ETF · State Street Financial Select Sector SPDR ETF
Expense ratio
0.35% · 0.08%
Category
IXGBvsFNCLA
iShares Global Financials ETF · Fidelity MSCI Financials Index ETF
Expense ratio
0.38% · 0.08%
Category
KIEAvsFNCLA
State Street SPDR S&P Insurance ETF · Fidelity MSCI Financials Index ETF
Expense ratio
0.35% · 0.08%
Category
IXGBvsVFHB
iShares Global Financials ETF · Vanguard Financials ETF
Expense ratio
0.38% · 0.09%
Category
KIEAvsVFHB
State Street SPDR S&P Insurance ETF · Vanguard Financials ETF
Expense ratio
0.35% · 0.09%
Category

IXG vs KIE

In short

Stated mandate

Why people hold it

Worth knowing

How IXG and KIE differ

Level by level

Sector

Country, concentration and asset class

Country by domicile

Concentration

Asset class

Holdings

Only in IXG

Only in KIE

Weight gaps

Cost over time

Year by year

Distribution history

Fall from peak · 5 years

Risk facts

Financials drop 2.4% after the Fed's first hike since 2023 and a Bank of America fee warning

How IXG and KIE differ

Level by level

Sector

Country, concentration and asset class

Country by domicile

Concentration

Asset class

Holdings

Only in IXG

Only in KIE

Weight gaps