FDIQ vs. KWT
FDIQ (Invesco Bloomberg Financial Data Providers ETF) and KWT (iShares MSCI Kuwait ETF) are both Financials Equities funds - FDIQ tracks the Bloomberg Financial Data Providers Index while KWT tracks the MSCI All Kuwait Select Size Liquidity Capped Index. Both are passively managed. Over the past 5 years, FDIQ returned 3.82%/yr vs 9.17%/yr for KWT. At a 0.27 correlation, their price movements are largely independent. FDIQ charges 0.35%/yr vs 0.74%/yr for KWT.
Performance
FDIQ vs. KWT - Performance Comparison
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Returns By Period
In the year-to-date period, FDIQ achieves a 9.72% return, which is significantly higher than KWT's -1.30% return.
FDIQ
- 1D
- -0.97%
- 1M
- -5.53%
- YTD
- 9.72%
- 6M
- 10.28%
- 1Y
- 22.98%
- 3Y*
- 18.27%
- 5Y*
- 3.82%
- 10Y*
- 7.60%
KWT
- 1D
- -0.59%
- 1M
- -1.54%
- YTD
- -1.30%
- 6M
- -1.08%
- 1Y
- 6.41%
- 3Y*
- 10.61%
- 5Y*
- 9.17%
- 10Y*
- —
FDIQ vs. KWT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
FDIQ Invesco Bloomberg Financial Data Providers ETF | 9.72% | 6.32% | 12.76% | -0.84% | -7.23% | 36.05% | 34.69% |
KWT iShares MSCI Kuwait ETF | -1.30% | 25.38% | 11.29% | -4.71% | 5.16% | 30.73% | 9.07% |
Correlation
The correlation between FDIQ and KWT is 0.18, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.18 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.23 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.26 |
Correlation (All Time) Calculated using the full available price history since Sep 4, 2020 | 0.27 |
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Return for Risk
FDIQ vs. KWT — Risk / Return Rank
FDIQ
KWT
FDIQ vs. KWT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco Bloomberg Financial Data Providers ETF (FDIQ) and iShares MSCI Kuwait ETF (KWT). 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.
| FDIQ | KWT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.58 | ||
| Sortino ratioReturn per unit of downside risk | +0.85 | ||
| Omega ratioGain probability vs. loss probability | 1.20 | 1.10 | +0.10 |
| Calmar ratioReturn relative to maximum drawdown | 2.07 | 0.56 | +1.52 |
| Martin ratioReturn relative to average drawdown | 5.26 | 1.33 | +3.94 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| FDIQ | KWT | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.04 | 0.47 | +0.58 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.13 | 0.68 | -0.54 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.24 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.37 | 0.90 | -0.53 |
Drawdowns
FDIQ vs. KWT - Drawdown Comparison
The maximum FDIQ drawdown since its inception was -52.86%, which is greater than KWT's maximum drawdown of -24.37%. Use the drawdown chart below to compare losses from any high point for FDIQ and KWT.
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Drawdown Indicators
| FDIQ | KWT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -52.86% | -24.37% | -28.49% |
Max Drawdown (1Y)Largest decline over 1 year | -11.13% | -11.54% | +0.41% |
Max Drawdown (3Y)Largest decline over 3 years | -28.09% | -15.72% | -12.37% |
Max Drawdown (5Y)Largest decline over 5 years | -42.99% | -24.37% | -18.62% |
Max Drawdown (10Y)Largest decline over 10 years | -52.86% | — | — |
Current DrawdownCurrent decline from peak | -8.53% | -6.07% | -2.46% |
Average DrawdownAverage peak-to-trough decline | -11.56% | -7.30% | -4.26% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.38% | 4.85% | -0.47% |
Volatility
FDIQ vs. KWT - Volatility Comparison
Invesco Bloomberg Financial Data Providers ETF (FDIQ) has a higher volatility of 4.06% compared to iShares MSCI Kuwait ETF (KWT) at 3.16%. This indicates that FDIQ's price experiences larger fluctuations and is considered to be riskier than KWT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FDIQ | KWT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.06% | 3.16% | +0.90% |
Volatility (6M)Calculated over the trailing 6-month period | 13.93% | 11.64% | +2.29% |
Volatility (1Y)Calculated over the trailing 1-year period | 22.14% | 13.84% | +8.30% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 28.70% | 13.61% | +15.09% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 31.12% | 13.93% | +17.19% |
FDIQ vs. KWT - Expense Ratio Comparison
FDIQ has a 0.35% expense ratio, which is lower than KWT's 0.74% expense ratio.
Dividends
FDIQ vs. KWT - Dividend Comparison
FDIQ's dividend yield for the trailing twelve months is around 2.56%, less than KWT's 5.47% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FDIQ Invesco Bloomberg Financial Data Providers ETF | 2.56% | 2.66% | 2.69% | 2.89% | 2.51% | 2.04% | 2.92% | 2.44% | 2.45% | 1.59% | 1.50% | 1.92% |
KWT iShares MSCI Kuwait ETF | 5.47% | 5.40% | 6.09% | 2.25% | 5.87% | 7.65% | 0.27% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
FDIQ and KWT have a correlation of 0.18, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FDIQ has higher volatility (4.06%) compared to KWT (3.16%). In terms of maximum drawdown, FDIQ dropped -52.86% vs KWT's -24.37%.
On 5-year performance, KWT leads with 9.17% vs 3.82% for FDIQ. On fees, FDIQ is cheaper at 0.35% per year. On volatility, KWT has been the lower-risk option at 3.16%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, KWT has performed better with a 9.17% return vs 3.82%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
FDIQ is cheaper with a 0.35% expense ratio, compared with 0.74% for KWT.
KWT has the higher dividend yield at 5.47%, compared with 2.56% for FDIQ.
FDIQ tracks Bloomberg Financial Data Providers Index, while KWT tracks MSCI All Kuwait Select Size Liquidity Capped Index. They also come from different issuers: Invesco and iShares. Their fees differ too: 0.35% for FDIQ and 0.74% for KWT.
FDIQ currently has the higher Sharpe Ratio (1.04 vs 0.47), 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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