DPST vs. KBWB
Compare and contrast key facts about Direxion Daily Regional Banks Bull 3X Shares (DPST) and Invesco KBW Bank ETF (KBWB).
DPST and KBWB are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. DPST is a passively managed fund by Direxion that tracks the performance of the Solactive US Regional Banks Total Return Index (300%). It was launched on Aug 19, 2015. 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 DPST 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: DPST or KBWB.
Performance
DPST vs. KBWB - Performance Comparison
Returns By Period
In the year-to-date period, DPST achieves a 53.29% return, which is significantly higher than KBWB's 44.70% return.
DPST
53.29%
34.77%
114.06%
148.68%
-29.70%
N/A
KBWB
44.70%
11.89%
32.07%
69.36%
7.52%
8.97%
Key characteristics
| DPST | KBWB | |
|---|---|---|
| Sharpe Ratio | 1.66 | 3.09 |
| Sortino Ratio | 2.47 | 4.38 |
| Omega Ratio | 1.30 | 1.55 |
| Calmar Ratio | 1.56 | 1.71 |
| Martin Ratio | 6.12 | 22.74 |
| Ulcer Index | 24.65% | 3.07% |
| Daily Std Dev | 90.92% | 22.57% |
| Max Drawdown | -97.73% | -50.27% |
| Current Drawdown | -91.36% | 0.00% |
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DPST vs. KBWB - Expense Ratio Comparison
DPST has a 0.99% expense ratio, which is higher than KBWB's 0.35% expense ratio.
Correlation
The correlation between DPST and KBWB is 0.90, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Risk-Adjusted Performance
DPST vs. KBWB - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Direxion Daily Regional Banks Bull 3X Shares (DPST) 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
DPST vs. KBWB - Dividend Comparison
DPST's dividend yield for the trailing twelve months is around 1.32%, less than KBWB's 2.35% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DPST Direxion Daily Regional Banks Bull 3X Shares | 1.32% | 1.78% | 1.51% | 0.59% | 0.90% | 1.29% | 2.18% | 0.30% | 0.00% | 0.00% | 0.00% | 0.00% |
KBWB Invesco KBW Bank ETF | 2.35% | 3.20% | 3.05% | 2.13% | 2.63% | 2.38% | 2.54% | 1.35% | 1.53% | 1.53% | 1.52% | 1.43% |
Drawdowns
DPST vs. KBWB - Drawdown Comparison
The maximum DPST drawdown since its inception was -97.73%, which is greater than KBWB's maximum drawdown of -50.27%. Use the drawdown chart below to compare losses from any high point for DPST and KBWB. For additional features, visit the drawdowns tool.
Volatility
DPST vs. KBWB - Volatility Comparison
Direxion Daily Regional Banks Bull 3X Shares (DPST) has a higher volatility of 39.90% compared to Invesco KBW Bank ETF (KBWB) at 11.48%. This indicates that DPST's price experiences larger fluctuations and is considered to be riskier than KBWB based on this measure. The chart below showcases a comparison of their rolling one-month volatility.