Invesco KBW Property & Casualty Insurance ETF (KBWP)

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The chart shows the growth of an initial investment of $10,000 in Invesco KBW Property & Casualty Insurance ETF, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.

Invesco KBW Property & Casualty Insurance ETF (KBWP) has returned -5.76% so far this year and -2.65% over the past 12 months. Over the last ten years, KBWP has returned 11.51% per year, falling short of the S&P 500 Index benchmark, which averaged 12.16% annually.

Based on dividend-adjusted daily data since Dec 22, 2010, KBWP's average daily return is +0.06%, while the average monthly return is +1.12%. At this rate, your 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%.

Invesco KBW Property & Casualty Insurance ETF has an annualized alpha of 6.57%, beta of 0.62, and R² of 0.34 versus S&P 500 Index. Calculated based on daily prices since December 23, 2010.

• This ETF participates in less of S&P 500 Index's moves in both directions, but captures a larger share of gains (75.04%) than losses (56.12%) — typical of diversified or defensive assets.
• Beta of 0.62 may look defensive, but with R² of 0.34 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 0.34 means the benchmark explains less than half of this ETF's behavior — treat beta with caution or consider switching to a more representative benchmark.

KBWP has an expense ratio of 0.35%, placing it in the medium range.

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.

The table below present risk-adjusted performance metrics for Invesco KBW Property & Casualty Insurance ETF (KBWP) and compare them to a chosen benchmark (S&P 500 Index).

Invesco KBW Property & Casualty Insurance ETF provided a 1.97% dividend yield over the last twelve months, with an annual payout of $2.34 per share. The fund has been increasing its distributions for 2 consecutive years.

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.

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.

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 6.54%.

The chart below shows the rolling one-month volatility.