DX vs. KBWD
Compare and contrast key facts about Dynex Capital, Inc. (DX) and Invesco KBW High Dividend Yield Financial ETF (KBWD).
KBWD is a passively managed fund by Invesco that tracks the performance of the KBW Nasdaq Financial Sector Dividend Yield Index. It was launched on Dec 2, 2010.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: DX or KBWD.
Key characteristics
| DX | KBWD | |
|---|---|---|
| YTD Return | -0.07% | 0.20% |
| 1Y Return | 25.32% | 23.27% |
| 3Y Return (Ann) | -6.14% | 0.59% |
| 5Y Return (Ann) | 2.82% | 2.59% |
| 10Y Return (Ann) | 3.92% | 4.40% |
| Sharpe Ratio | 1.00 | 1.18 |
| Daily Std Dev | 26.05% | 19.49% |
| Max Drawdown | -99.12% | -58.63% |
| Current Drawdown | -53.65% | -7.07% |
Correlation
The correlation between DX and KBWD is 0.67, 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
DX vs. KBWD - Performance Comparison
In the year-to-date period, DX achieves a -0.07% return, which is significantly lower than KBWD's 0.20% return. Over the past 10 years, DX has underperformed KBWD with an annualized return of 3.92%, while KBWD has yielded a comparatively higher 4.40% 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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Risk-Adjusted Performance
DX vs. KBWD - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Dynex Capital, Inc. (DX) 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.
Dividends
DX vs. KBWD - Dividend Comparison
DX's dividend yield for the trailing twelve months is around 13.01%, more than KBWD's 11.84% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DX Dynex Capital, Inc. | 13.01% | 12.46% | 12.26% | 8.89% | 9.33% | 11.87% | 12.59% | 10.27% | 12.32% | 15.12% | 12.12% | 14.00% |
KBWD Invesco KBW High Dividend Yield Financial ETF | 11.84% | 11.45% | 11.32% | 7.26% | 9.68% | 8.63% | 9.47% | 8.77% | 8.68% | 8.89% | 8.31% | 7.68% |
Drawdowns
DX vs. KBWD - Drawdown Comparison
The maximum DX drawdown since its inception was -99.12%, which is greater than KBWD's maximum drawdown of -58.63%. Use the drawdown chart below to compare losses from any high point for DX and KBWD. For additional features, visit the drawdowns tool.
Volatility
DX vs. KBWD - Volatility Comparison
Dynex Capital, Inc. (DX) has a higher volatility of 7.99% compared to Invesco KBW High Dividend Yield Financial ETF (KBWD) at 5.70%. This indicates that DX'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.