- ISIN
- US73937B7468
- CUSIP
- 46138E628
- Issuer
- Invesco
- Inception Date
- Nov 1, 2011
- Region
- North America (U.S.)
- Category
- Financials Equities
- Leveraged
- 1x (No leverage)
- Index Tracked
- KBW Nasdaq Bank Index
- Domicile
- United States
- Distribution Policy
- Distributing
- Asset Class
- Equity
- Asset Class Size
- Large-Cap
- Asset Class Style
- Value
- Assets Under Management
- $6B
Share Price Chart
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Performance
KBWB Performance Chart
Invesco KBW Bank ETF (KBWB) is up 12.2% since the beginning of the year. KBWB is currently trading at $93 per share. Investors who bought $1,000 worth of KBWB shares 5 years ago would now be looking at an investment worth $1,697.
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Returns By Period
Invesco KBW Bank ETF (KBWB) has returned 12.18% so far this year and 41.92% over the past 12 months. Over the last decade, KBWB has posted an annualized return of 13.99%, slightly higher than the S&P 500 Index benchmark’s 13.88%.
Invesco KBW Bank ETF
- 1D
- 1.42%
- 1M
- 8.59%
- YTD
- 12.18%
- 6M
- 10.15%
- 1Y
- 41.92%
- 3Y*
- 36.76%
- 5Y*
- 11.16%
- 10Y*
- 13.99%
Benchmark (S&P 500 Index)
- 1D
- -0.37%
- 1M
- -0.01%
- YTD
- 9.16%
- 6M
- 8.64%
- 1Y
- 25.22%
- 3Y*
- 19.78%
- 5Y*
- 11.99%
- 10Y*
- 13.88%
KBWB Monthly Returns History
Based on dividend-adjusted daily data since Nov 1, 2011, KBWB's average daily return is +0.07%, while the average monthly return is +1.32%. At this rate, an investment would double in approximately 4.4 years.
Historically, 62% of months were positive and 38% were negative. The best month was Nov 2020 with a return of +17.6%, while the worst month was Mar 2020 at -27.9%. The longest winning streak lasted 8 consecutive months, and the longest losing streak was 4 months.
On a daily basis, KBWB closed higher 53% of trading days. The best single day was Mar 13, 2020 with a return of +14.8%, while the worst single day was Mar 16, 2020 at -15.9%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 2.27% | -5.03% | -2.73% | 10.38% | -0.22% | 7.83% | 12.18% | ||||||
| 2025 | 8.80% | -2.11% | -9.22% | -3.55% | 8.37% | 9.82% | 2.65% | 5.64% | 1.27% | -1.55% | 3.01% | 6.82% | 32.05% |
| 2024 | -0.14% | 1.26% | 8.80% | -3.30% | 4.10% | -0.21% | 9.87% | 1.41% | -0.97% | 6.69% | 13.59% | -7.49% | 36.73% |
| 2023 | 12.24% | -2.78% | -24.88% | -0.60% | -5.94% | 5.73% | 11.60% | -8.40% | -3.58% | -5.42% | 15.41% | 13.35% | -1.18% |
| 2022 | 2.18% | -0.40% | -7.20% | -11.23% | 6.22% | -13.13% | 7.55% | -2.21% | -9.14% | 8.79% | 4.75% | -7.04% | -21.68% |
| 2021 | -0.16% | 16.30% | 6.29% | 6.06% | 5.13% | -6.16% | -2.34% | 5.26% | 1.88% | 6.44% | -5.59% | 1.34% | 37.72% |
Benchmark Metrics
Invesco KBW Bank ETF has an annualized alpha of 0.18%, beta of 1.20, and R2 of 0.57 versus S&P 500 Index. Calculated based on daily prices since November 01, 2011.
- This ETF captured 117.73% of S&P 500 Index gains and 117.05% of its losses - amplifying both gains and losses, but participating more in upside than downside.
- Alpha
- 0.18%
- Beta
- 1.20
- R²
- 0.57
- Upside Capture
- 117.73%
- Downside Capture
- 117.05%
Expense Ratio
KBWB has an expense ratio of 0.35%, placing it in the medium range.
Return for Risk
Risk / Return Rank
KBWB ranks 58 for risk / return — on par with similar ETFs. You're getting a typical balance of risk and reward. Not a standout, but not a red flag either — a reasonable choice if other factors align with your goals.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for Invesco KBW Bank ETF (KBWB) and compare them to S&P 500 Index.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| KBWB | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.05 | ||
| Sortino ratioReturn per unit of downside risk | -0.06 | ||
| Omega ratioGain probability vs. loss probability | 1.36 | 1.37 | -0.01 |
| Calmar ratioReturn relative to maximum drawdown | 2.57 | 2.78 | -0.21 |
| Martin ratioReturn relative to average drawdown | 8.09 | 12.44 | -4.35 |
Dividends
Dividend History
Invesco KBW Bank ETF provided a 2.43% dividend yield over the last twelve months, with an annual payout of $2.27 per share. The fund has been increasing its distributions for 2 consecutive years.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $2.27 | $1.72 | $1.61 | $1.57 | $1.57 | $1.44 | $1.32 | $1.39 | $1.12 | $0.74 | $0.72 | $0.58 |
Dividend yield | 2.43% | 2.04% | 2.46% | 3.20% | 3.05% | 2.13% | 2.62% | 2.38% | 2.54% | 1.35% | 1.53% | 1.53% |
Monthly Dividends
The table displays the monthly dividend distributions for Invesco KBW Bank ETF. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.00 | $0.00 | $0.49 | $0.00 | $0.00 | $0.47 | $0.96 | ||||||
| 2025 | $0.00 | $0.00 | $0.41 | $0.00 | $0.00 | $0.41 | $0.00 | $0.00 | $0.45 | $0.00 | $0.00 | $0.44 | $1.72 |
| 2024 | $0.00 | $0.00 | $0.43 | $0.00 | $0.00 | $0.40 | $0.00 | $0.00 | $0.42 | $0.00 | $0.00 | $0.36 | $1.61 |
| 2023 | $0.00 | $0.00 | $0.33 | $0.00 | $0.00 | $0.45 | $0.00 | $0.00 | $0.41 | $0.00 | $0.00 | $0.39 | $1.57 |
| 2022 | $0.00 | $0.00 | $0.34 | $0.00 | $0.00 | $0.45 | $0.00 | $0.00 | $0.38 | $0.00 | $0.00 | $0.41 | $1.57 |
| 2021 | $0.00 | $0.00 | $0.29 | $0.00 | $0.00 | $0.33 | $0.00 | $0.00 | $0.34 | $0.00 | $0.00 | $0.48 | $1.44 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
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Worst Drawdowns
The table below displays the maximum drawdowns of the Invesco KBW Bank ETF. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the Invesco KBW Bank ETF was 50.27%, occurring on Mar 23, 2020. Recovery took 206 trading sessions.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
COVID crash2020 | -50.27%Mar 2020 | 2mo 20d | 9mo 27d | 1y 12dJan 2020 - Jan 2021 |
2023 bear market2023 | -49.31%May 2023 | 1y 3mo | 1y 6mo | 2y 10moJan 2022 - Nov 2024 |
Rate-hike selloffLate 2018 | -29.43%Dec 2018 | 10mo 25d | 11mo 23d | 1y 10moFeb 2018 - Dec 2019 |
2016 bear market2016 | -29.10%Feb 2016 | 6mo 23d | 9mo 2d | 1y 3moJul 2015 - Nov 2016 |
2025 selloff2025 | -25.43%Apr 2025 | 2mo | 2mo 23d | 4mo 23dFeb 2025 - Jun 2025 |
Drawdown Indicators
| KBWB | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -50.27% | -56.78% | +6.51% |
Max Drawdown (1Y)Largest decline over 1 year | -16.38% | -9.10% | -7.28% |
Max Drawdown (3Y)Largest decline over 3 years | -25.43% | -18.90% | -6.53% |
Max Drawdown (5Y)Largest decline over 5 years | -49.31% | -25.43% | -23.88% |
Max Drawdown (10Y)Largest decline over 10 years | -50.27% | -33.92% | -16.35% |
Current DrawdownCurrent decline from peak | 0.00% | -1.80% | +1.80% |
Average DrawdownAverage peak-to-trough decline | -11.70% | -10.71% | -0.99% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.20% | 2.03% | +3.17% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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