- ISIN
- US73936Q7777
- CUSIP
- 46138E586
- Issuer
- Invesco
- Inception Date
- Dec 2, 2010
- Region
- North America (U.S.)
- Category
- Financials Equities
- Leveraged
- 1x (No leverage)
- Index Tracked
- KBW Nasdaq Property & Casualty (TR)
- Distribution Policy
- Distributing
- Asset Class
- Equity
- Asset Class Size
- Multi-Cap
- Asset Class Style
- Blend
- Assets Under Management
- $254M
Share Price Chart
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Performance
KBWP Performance Chart
Invesco KBW Property & Casualty Insurance ETF (KBWP) is down 4.3% since the beginning of the year. KBWP is currently trading at $120 per share. Investors who bought $1,000 worth of KBWP shares 5 years ago would now be looking at an investment worth $1,775.
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Returns By Period
Invesco KBW Property & Casualty Insurance ETF (KBWP) has returned -4.29% so far this year and 1.52% over the past 12 months. Over the last ten years, KBWP has returned 12.12% per year, falling short of the S&P 500 Index benchmark, which averaged 13.88% annually.
Invesco KBW Property & Casualty Insurance ETF
- 1D
- 0.30%
- 1M
- 0.17%
- YTD
- -4.29%
- 6M
- -4.73%
- 1Y
- 1.52%
- 3Y*
- 16.24%
- 5Y*
- 12.16%
- 10Y*
- 12.12%
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%
KBWP Monthly Returns History
Based on dividend-adjusted daily data since Dec 22, 2010, KBWP's average daily return is +0.06%, while the average monthly return is +1.11%. At this rate, an investment would double in approximately 5.2 years.
Historically, 64% of months were positive and 36% were negative. The best month was Oct 2011 with a return of +15.4%, while the worst month was Mar 2020 at -16.3%. The longest winning streak lasted 5 consecutive months, and the longest losing streak was 5 months.
On a daily basis, KBWP closed higher 48% of trading days. The best single day was Mar 24, 2020 with a return of +9.5%, while the worst single day was Mar 16, 2020 at -12.9%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | -2.84% | 2.23% | -5.12% | 0.69% | -3.75% | 4.78% | -4.29% | ||||||
| 2025 | -1.88% | 5.35% | 4.41% | -3.83% | 4.72% | -1.80% | -4.44% | 3.49% | 2.14% | -5.90% | 7.08% | 2.64% | 11.49% |
| 2024 | 8.57% | 3.91% | 6.01% | -4.76% | 3.97% | -3.70% | 6.27% | 6.16% | 0.28% | -1.37% | 10.89% | -7.55% | 30.45% |
| 2023 | 3.95% | 1.23% | -7.59% | 1.27% | -6.48% | 4.25% | 2.86% | -1.67% | 1.97% | 4.23% | 4.52% | -0.74% | 7.09% |
| 2022 | 0.83% | 1.30% | 7.39% | -5.92% | 3.87% | -4.04% | -6.03% | 0.37% | -3.49% | 14.91% | 5.16% | -2.62% | 10.16% |
| 2021 | -4.42% | 8.08% | 7.18% | 4.74% | 0.72% | -3.20% | 0.83% | 4.89% | -5.02% | 4.37% | -5.57% | 7.74% | 20.61% |
Benchmark Metrics
Invesco KBW Property & Casualty Insurance ETF has an annualized alpha of 6.12%, beta of 0.61, and R2 of 0.33 versus S&P 500 Index. Calculated based on daily prices since December 22, 2010.
- This ETF participates in less of S&P 500 Index's moves in both directions, but captures a larger share of gains (70.80%) than losses (53.67%) - typical of diversified or defensive assets.
- Beta of 0.61 may look defensive, but with R2 of 0.33 this ETF is largely uncorrelated with S&P 500 Index - low beta reflects independence, not downside protection. See the Volatility section for a true picture of this ETF's risk.
- R2 of 0.33 means the benchmark explains less than half of this ETF's behavior - treat beta with caution or consider switching to a more representative benchmark.
- Alpha
- 6.12%
- Beta
- 0.61
- R²
- 0.33
- Upside Capture
- 70.80%
- Downside Capture
- 53.67%
Expense Ratio
KBWP has an expense ratio of 0.35%, placing it in the medium range.
Return for Risk
Risk / Return Rank
KBWP ranks 9 for risk / return — in the bottom 9% of ETFs on our site. This means you're taking on significantly more risk than the returns justify. Consider whether the potential upside is worth the volatility, or explore alternatives with better risk / return profiles.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for Invesco KBW Property & Casualty Insurance ETF (KBWP) 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.
| KBWP | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.94 | ||
| Sortino ratioReturn per unit of downside risk | -2.51 | ||
| Omega ratioGain probability vs. loss probability | 1.03 | 1.37 | -0.34 |
| Calmar ratioReturn relative to maximum drawdown | 0.16 | 2.78 | -2.63 |
| Martin ratioReturn relative to average drawdown | 0.35 | 12.44 | -12.09 |
Dividends
Dividend History
Invesco KBW Property & Casualty Insurance ETF provided a 2.36% dividend yield over the last twelve months, with an annual payout of $2.84 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 | $2.84 | $2.01 | $1.91 | $1.52 | $1.72 | $2.41 | $1.32 | $1.42 | $1.19 | $1.13 | $1.19 | $0.65 |
Dividend yield | 2.36% | 1.58% | 1.64% | 1.68% | 1.99% | 3.02% | 1.93% | 1.99% | 2.11% | 1.90% | 2.14% | 1.35% |
Monthly Dividends
The table displays the monthly dividend distributions for Invesco KBW Property & Casualty Insurance 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 | $0.99 | $0.00 | $0.00 | $0.50 | $1.48 | ||||||
| 2025 | $0.00 | $0.00 | $0.65 | $0.00 | $0.00 | $0.38 | $0.00 | $0.00 | $0.37 | $0.00 | $0.00 | $0.60 | $2.01 |
| 2024 | $0.00 | $0.00 | $0.48 | $0.00 | $0.00 | $0.31 | $0.00 | $0.00 | $0.34 | $0.00 | $0.00 | $0.78 | $1.91 |
| 2023 | $0.00 | $0.00 | $0.43 | $0.00 | $0.00 | $0.33 | $0.00 | $0.00 | $0.32 | $0.00 | $0.00 | $0.44 | $1.52 |
| 2022 | $0.00 | $0.00 | $0.43 | $0.00 | $0.00 | $0.51 | $0.00 | $0.00 | $0.29 | $0.00 | $0.00 | $0.49 | $1.72 |
| 2021 | $0.00 | $0.00 | $0.53 | $0.00 | $0.00 | $0.41 | $0.00 | $0.00 | $0.54 | $0.00 | $0.00 | $0.93 | $2.41 |
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 Property & Casualty Insurance 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 Property & Casualty Insurance ETF was 39.76%, occurring on Mar 23, 2020. Recovery took 241 trading sessions.
The current Invesco KBW Property & Casualty Insurance ETF drawdown is 5.08%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
COVID crash2020 | -39.76%Mar 2020 | 1mo 10d | 11mo 20d | 1y 25dFeb 2020 - Mar 2021 |
2011 correction2011 | -19.05%Sep 2011 | 4mo 24d | 4mo 13d | 9mo 7dMay 2011 - Feb 2012 |
Bear market2022 | -17.00%Sep 2022 | 5mo 25d | 2mo | 7mo 25dApr 2022 - Nov 2022 |
Rate-hike selloffLate 2018 | -16.59%Dec 2018 | 3mo 1d | 3mo 18d | 6mo 19dSep 2018 - Apr 2019 |
2023 correction2023 | -13.35%Mar 2023 | 1mo 1d | 8mo 10d | 9mo 11dFeb 2023 - Nov 2023 |
Drawdown Indicators
| KBWP | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -39.76% | -56.78% | +17.02% |
Max Drawdown (1Y)Largest decline over 1 year | -9.56% | -9.10% | -0.46% |
Max Drawdown (3Y)Largest decline over 3 years | -12.29% | -18.90% | +6.61% |
Max Drawdown (5Y)Largest decline over 5 years | -17.00% | -25.43% | +8.43% |
Max Drawdown (10Y)Largest decline over 10 years | -39.76% | -33.92% | -5.84% |
Current DrawdownCurrent decline from peak | -5.08% | -1.80% | -3.28% |
Average DrawdownAverage peak-to-trough decline | -4.37% | -10.71% | +6.34% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.36% | 2.03% | +2.33% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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