CCAP vs. KBWD
CCAP (Crescent Capital BDC, Inc.) is a stock, while KBWD (Invesco KBW High Dividend Yield Financial ETF) is Financials Equities fund tracking the KBW Nasdaq Financial Sector Dividend Yield Index. Over the past 5 years, CCAP returned 1.26%/yr vs 0.90%/yr for KBWD. Their 0.45 correlation means their historical movements had little consistent relationship.
Performance
CCAP vs. KBWD - Performance Comparison
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Returns By Period
In the year-to-date period, CCAP achieves a -16.75% return, which is significantly lower than KBWD's -5.22% return.
CCAP
- 1D
- 0.74%
- 1M
- -1.71%
- 6M
- -18.71%
- YTD
- -16.75%
- 1Y
- -11.88%
- 3Y*
- -2.24%
- 5Y*
- 1.26%
- 10Y*
- —
- ALL TIME*
- 5.56%
KBWD
- 1D
- -0.75%
- 1M
- -2.41%
- 6M
- -7.83%
- YTD
- -5.22%
- 1Y
- 0.00%
- 3Y*
- 1.98%
- 5Y*
- 0.90%
- 10Y*
- 4.42%
- ALL TIME*
- 5.57%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $2.58M | $2.63M | $2.84M | |
| $5.79M | $4.78M | $4.61M |
CCAP vs. KBWD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
CCAP Crescent Capital BDC, Inc. | -16.75% | -17.51% | 23.51% | 52.61% | -17.99% | 32.51% | 0.98% |
KBWD Invesco KBW High Dividend Yield Financial ETF | -5.22% | 5.59% | 4.30% | 20.21% | -19.14% | 31.89% | -16.50% |
Correlation
The correlation between CCAP and KBWD is 0.65, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.65 |
Correlation (3Y) Balances recent behavior with more history. | 0.61 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.55 |
Correlation (All Time) Calculated using the full available price history since Feb 3, 2020 | 0.45 |
Over the past year, CCAP and KBWD have become more correlated (0.65) than their long-term average of 0.45, meaning their price movements have been converging.
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Return for Risk
CCAP vs. KBWD — Risk / Return Rank
CCAP
KBWD
CCAP vs. KBWD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Crescent Capital BDC, Inc. (CCAP) and Invesco KBW High Dividend Yield Financial ETF (KBWD). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
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.
| CCAP | KBWD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.44 | ||
| Sortino ratioReturn per unit of downside risk | -0.55 | ||
| Omega ratioGain probability vs. loss probability | 0.94 | 1.01 | -0.07 |
| Calmar ratioReturn relative to maximum drawdown | -0.50 | -0.04 | -0.46 |
| Martin ratioReturn relative to average drawdown | -0.96 | -0.08 | -0.88 |
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Drawdowns
CCAP vs. KBWD - Drawdown Comparison
The maximum CCAP drawdown since its inception was -63.68%, which is greater than KBWD's maximum drawdown of -58.63%. Use the drawdown chart below to compare losses from any high point for CCAP and KBWD.
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Drawdown Indicators
| CCAP | KBWD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -63.68% | -58.63% | -5.05% |
Max Drawdown (1Y)Largest decline over 1 year | -24.39% | -15.05% | -9.34% |
Max Drawdown (3Y)Largest decline over 3 years | -35.83% | -19.65% | -16.18% |
Max Drawdown (5Y)Largest decline over 5 years | -35.83% | -30.74% | -5.09% |
Max Drawdown (10Y)Largest decline over 10 years | — | -58.63% | — |
Current DrawdownCurrent decline from peak | -34.00% | -11.95% | -22.05% |
Average DrawdownAverage peak-to-trough decline | -13.29% | -7.44% | -5.85% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 12.70% | 7.19% | +5.51% |
Volatility
CCAP vs. KBWD - Volatility Comparison
Crescent Capital BDC, Inc. (CCAP) has a higher volatility of 5.75% compared to Invesco KBW High Dividend Yield Financial ETF (KBWD) at 4.54%. This indicates that CCAP's price experiences larger fluctuations and is considered to be riskier than KBWD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CCAP | KBWD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.75% | 4.54% | +1.21% |
Volatility (6M)Calculated over the trailing 6-month period | 20.48% | 12.49% | +7.99% |
Volatility (1Y)Calculated over the trailing 1-year period | 25.62% | 15.87% | +9.75% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 22.36% | 19.78% | +2.58% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 33.67% | 23.26% | +10.41% |
Dividends
CCAP vs. KBWD - Dividend Comparison
CCAP's dividend yield for the trailing twelve months is around 15.37%, more than KBWD's 14.50% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CCAP Crescent Capital BDC, Inc. | 15.37% | 13.02% | 10.61% | 10.41% | 14.83% | 9.63% | 11.26% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
KBWD Invesco KBW High Dividend Yield Financial ETF | 14.50% | 12.83% | 12.45% | 11.45% | 11.32% | 7.26% | 9.68% | 8.63% | 9.47% | 8.77% | 8.68% | 8.89% |
Frequently Asked Questions
CCAP and KBWD have a correlation of 0.65, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
CCAP has higher volatility (5.75%) compared to KBWD (4.54%). In terms of maximum drawdown, CCAP dropped -63.68% vs KBWD's -58.63%.
KBWD currently has the higher Sharpe Ratio (-0.04 vs -0.48), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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