FGF vs. KBWP
Compare and contrast key facts about Fundamental Global Inc. (FGF) and Invesco KBW Property & Casualty Insurance ETF (KBWP).
KBWP is a passively managed fund by Invesco that tracks the performance of the KBW Nasdaq Property & Casualty (TR). It was launched on Dec 2, 2010.
Performance
FGF vs. KBWP - Performance Comparison
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FGF vs. KBWP - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FGF Fundamental Global Inc. | -63.71% | -87.39% | -45.50% | -43.86% | -24.20% | -10.90% | -23.55% | 37.31% | -44.55% | -7.05% |
KBWP Invesco KBW Property & Casualty Insurance ETF | -5.76% | 11.49% | 30.45% | 7.09% | 10.16% | 20.61% | -2.05% | 28.67% | -2.76% | 8.86% |
Returns By Period
In the year-to-date period, FGF achieves a -63.71% return, which is significantly lower than KBWP's -5.76% return. Over the past 10 years, FGF has underperformed KBWP with an annualized return of -39.43%, while KBWP has yielded a comparatively higher 11.51% annualized return.
FGF
- 1D
- -0.80%
- 1M
- -25.63%
- YTD
- -63.71%
- 6M
- -81.82%
- 1Y
- -94.42%
- 3Y*
- -75.21%
- 5Y*
- -61.55%
- 10Y*
- -39.43%
KBWP
- 1D
- 0.13%
- 1M
- -5.12%
- YTD
- -5.76%
- 6M
- -2.54%
- 1Y
- -2.65%
- 3Y*
- 14.71%
- 5Y*
- 11.89%
- 10Y*
- 11.51%
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Return for Risk
FGF vs. KBWP — Risk / Return Rank
FGF
KBWP
FGF vs. KBWP - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fundamental Global Inc. (FGF) and Invesco KBW Property & Casualty Insurance ETF (KBWP). 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.
| FGF | KBWP | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | -0.63 | -0.14 | -0.49 |
Sortino ratioReturn per unit of downside risk | -1.96 | -0.06 | -1.91 |
Omega ratioGain probability vs. loss probability | 0.75 | 0.99 | -0.24 |
Calmar ratioReturn relative to maximum drawdown | -0.97 | -0.14 | -0.83 |
Martin ratioReturn relative to average drawdown | -1.33 | -0.37 | -0.96 |
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
| FGF | KBWP | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.63 | -0.14 | -0.49 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.60 | 0.65 | -1.25 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | -0.48 | 0.56 | -1.04 |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.47 | 0.71 | -1.18 |
Correlation
The correlation between FGF and KBWP is 0.11, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Dividends
FGF vs. KBWP - Dividend Comparison
FGF has not paid dividends to shareholders, while KBWP's dividend yield for the trailing twelve months is around 1.97%.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FGF Fundamental Global Inc. | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
KBWP Invesco KBW Property & Casualty Insurance ETF | 1.97% | 1.58% | 1.64% | 1.68% | 1.99% | 3.02% | 1.93% | 1.99% | 2.11% | 1.90% | 2.14% | 1.35% |
Drawdowns
FGF vs. KBWP - Drawdown Comparison
The maximum FGF drawdown since its inception was -99.60%, which is greater than KBWP's maximum drawdown of -39.76%. Use the drawdown chart below to compare losses from any high point for FGF and KBWP.
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Drawdown Indicators
| FGF | KBWP | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -99.60% | -39.76% | -59.84% |
Max Drawdown (1Y)Largest decline over 1 year | -97.39% | -11.59% | -85.80% |
Max Drawdown (5Y)Largest decline over 5 years | -99.60% | -17.00% | -82.60% |
Max Drawdown (10Y)Largest decline over 10 years | -99.60% | -39.76% | -59.84% |
Current DrawdownCurrent decline from peak | -99.60% | -6.54% | -93.06% |
Average DrawdownAverage peak-to-trough decline | -51.77% | -4.35% | -47.42% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 71.04% | 4.48% | +66.56% |
Volatility
FGF vs. KBWP - Volatility Comparison
Fundamental Global Inc. (FGF) has a higher volatility of 25.67% compared to Invesco KBW Property & Casualty Insurance ETF (KBWP) at 4.31%. This indicates that FGF's price experiences larger fluctuations and is considered to be riskier than KBWP based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FGF | KBWP | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 25.67% | 4.31% | +21.36% |
Volatility (6M)Calculated over the trailing 6-month period | 68.62% | 11.79% | +56.83% |
Volatility (1Y)Calculated over the trailing 1-year period | 149.89% | 19.27% | +130.62% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 102.47% | 18.49% | +83.98% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 82.23% | 20.65% | +61.58% |