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.
Performance
DX vs. KBWD - Performance Comparison
Returns By Period
In the year-to-date period, DX achieves a 10.86% return, which is significantly higher than KBWD's 7.01% return. Both investments have delivered pretty close results over the past 10 years, with DX having a 4.49% annualized return and KBWD not far behind at 4.29%.
DX
10.86%
1.20%
9.69%
23.02%
5.45%
4.49%
KBWD
7.01%
2.80%
6.23%
17.27%
3.73%
4.29%
Key characteristics
| DX | KBWD | |
|---|---|---|
| Sharpe Ratio | 1.14 | 1.04 |
| Sortino Ratio | 1.58 | 1.45 |
| Omega Ratio | 1.21 | 1.19 |
| Calmar Ratio | 0.39 | 1.13 |
| Martin Ratio | 6.88 | 4.18 |
| Ulcer Index | 3.35% | 4.21% |
| Daily Std Dev | 20.28% | 17.00% |
| Max Drawdown | -99.12% | -58.63% |
| Current Drawdown | -48.59% | -1.84% |
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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.
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 12.65%, more than KBWD's 11.99% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DX Dynex Capital, Inc. | 12.65% | 12.46% | 12.26% | 9.34% | 9.33% | 11.87% | 12.59% | 10.27% | 12.32% | 15.12% | 12.12% | 14.00% |
KBWD Invesco KBW High Dividend Yield Financial ETF | 11.99% | 11.46% | 11.31% | 7.27% | 9.66% | 8.64% | 9.47% | 8.78% | 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
The current volatility for Dynex Capital, Inc. (DX) is 4.02%, while Invesco KBW High Dividend Yield Financial ETF (KBWD) has a volatility of 4.66%. This indicates that DX experiences smaller price fluctuations and is considered to be less risky than KBWD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.