State Street SPDR S&P Capital Markets ETF (KCE) IV/HV History
Comparing implied volatility to historical (realized) volatility reveals whether options are priced rich or cheap relative to actual price movement. Persistent gaps can signal trading opportunities.
State Street SPDR S&P Capital Markets ETF (KCE) operates in the Financial Services sector, specifically the Asset Management industry, with a market capitalization near $458.0M, listed on AMEX, carrying a beta of 1.22 to the broader market. The State Street SPDR S&P Capital Markets ETF seeks to provide investment results that, before fees and expenses, correspond generally to the total return performance of the S&P Capital Markets Select Industry Index (the "Index")Seeks to provide exposure to the capital markets segment of the S&P TMI, which comprises the following sub-industries: Asset Management & Custody Banks, Diversified Capital Markets, Financial Exchanges & Data, and Investment Banking & BrokerageSeeks to track a modified equal weighted index which provides the potential for unconcentrated industry exposure across large, mid and small cap stocksAllows investors to take strategic or tactical positions at a more targeted level than traditional sector based investing public since 2005-11-15.
Snapshot as of May 14, 2026.
- Spot Price
- $154.41
- ATM IV
- 20.1%
- HV 20-Day
- 17.4%
- HV 60-Day
- 23.7%
- IV Rank
- 24.3%
- IV Percentile
- 52.4%
As of May 14, 2026, State Street SPDR S&P Capital Markets ETF (KCE) ATM implied volatility is 20.1%. 20-day realized volatility is 17.4%, producing an IV-HV spread of +2.7 vol points. Options are pricing in more volatility than the stock has recently delivered, the volatility risk premium. IV rank is 24.3%.
How KCE iv/hv history Data Feeds Strategy Selection
Strategy selection on State Street SPDR S&P Capital Markets ETF options does not derive from any single metric in isolation. The iv/hv history view above sits inside a broader read: ATM IV currently sits at 20.1% and dealer gamma exposure is positive, so dealer hedging is mechanically mean-reverting. Combine the iv/hv history data here with the volatility-skew surface, dealer-gamma exposure, max-pain level, and upcoming-events calendar to build a positioning thesis. Risk-defined structures (credit spreads, debit spreads, iron condors) are usually safer than naked positions while the regime is uncertain; the data on this page anchors the inputs but does not by itself constitute a trade thesis.
Learn how implied vs realized volatility is reported and how to read the data →
Frequently asked KCE iv/hv history questions
- Is KCE options pricing rich or cheap right now?
- As of May 14, 2026, State Street SPDR S&P Capital Markets ETF (KCE) ATM IV is 20.1% against 20-day realized volatility of 17.4%. IV rank is 24.3%. KCE options are pricing in more volatility than the stock has recently realized: a positive variance risk premium worth 2.7 vol points.
- What is the KCE variance risk premium?
- The variance risk premium is the persistent gap between implied and subsequently realized volatility. In equity markets it averages positive because option sellers demand compensation for bearing variance shocks. KCE is currently priced consistently with this premium, which is one input to whether short-vol or long-vol structures carry their typical edge.
- What does KCE IV rank mean for strategy selection?
- IV rank normalizes the current ATM IV to its 1-year range: 0% is the low, 100% is the high. KCE's current rank of 24.3% signals where current pricing sits in its own 1-year history. High-rank regimes typically favor premium-selling structures (credit spreads, condors, covered calls); low-rank regimes typically favor premium-buying or long-volatility structures.