CWW.TO vs. KBWB
Compare and contrast key facts about iShares Global Water Index ETF (CWW.TO) and Invesco KBW Bank ETF (KBWB).
CWW.TO and KBWB are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. CWW.TO is a passively managed fund by iShares that tracks the performance of the Morningstar Gbl GR CAD. It was launched on Jun 4, 2007. KBWB is a passively managed fund by Invesco that tracks the performance of the KBW Nasdaq Bank Index. It was launched on Nov 1, 2011. Both CWW.TO and KBWB are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: CWW.TO or KBWB.
Key characteristics
| CWW.TO | KBWB | |
|---|---|---|
| YTD Return | 15.13% | 20.67% |
| 1Y Return | 20.90% | 46.93% |
| 3Y Return (Ann) | 3.19% | -1.89% |
| 5Y Return (Ann) | 11.58% | 7.73% |
| 10Y Return (Ann) | 11.32% | 7.34% |
| Sharpe Ratio | 1.80 | 2.18 |
| Daily Std Dev | 12.20% | 21.28% |
| Max Drawdown | -47.22% | -50.27% |
| Current Drawdown | -2.00% | -16.35% |
Correlation
The correlation between CWW.TO and KBWB is 0.52, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
CWW.TO vs. KBWB - Performance Comparison
In the year-to-date period, CWW.TO achieves a 15.13% return, which is significantly lower than KBWB's 20.67% return. Over the past 10 years, CWW.TO has outperformed KBWB with an annualized return of 11.32%, while KBWB has yielded a comparatively lower 7.34% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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CWW.TO vs. KBWB - Expense Ratio Comparison
CWW.TO has a 0.66% expense ratio, which is higher than KBWB's 0.35% expense ratio.
Risk-Adjusted Performance
CWW.TO vs. KBWB - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Global Water Index ETF (CWW.TO) and Invesco KBW Bank ETF (KBWB). 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.
Dividends
CWW.TO vs. KBWB - Dividend Comparison
CWW.TO's dividend yield for the trailing twelve months is around 1.11%, less than KBWB's 2.77% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CWW.TO iShares Global Water Index ETF | 1.11% | 1.31% | 1.43% | 2.93% | 1.24% | 1.39% | 3.30% | 1.58% | 1.79% | 1.29% | 1.32% | 1.34% |
KBWB Invesco KBW Bank ETF | 2.77% | 3.20% | 3.05% | 2.13% | 2.62% | 2.38% | 2.54% | 1.35% | 1.53% | 1.53% | 1.52% | 1.43% |
Drawdowns
CWW.TO vs. KBWB - Drawdown Comparison
The maximum CWW.TO drawdown since its inception was -47.22%, smaller than the maximum KBWB drawdown of -50.27%. Use the drawdown chart below to compare losses from any high point for CWW.TO and KBWB. For additional features, visit the drawdowns tool.
Volatility
CWW.TO vs. KBWB - Volatility Comparison
The current volatility for iShares Global Water Index ETF (CWW.TO) is 3.77%, while Invesco KBW Bank ETF (KBWB) has a volatility of 7.71%. This indicates that CWW.TO experiences smaller price fluctuations and is considered to be less risky than KBWB based on this measure. The chart below showcases a comparison of their rolling one-month volatility.