IAT vs. KBWR
Compare and contrast key facts about iShares U.S. Regional Banks ETF (IAT) and Invesco KBW Regional Banking ETF (KBWR).
IAT and KBWR are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. IAT is a passively managed fund by iShares that tracks the performance of the Dow Jones U.S. Select Regional Banks Index. It was launched on May 5, 2006. KBWR is a passively managed fund by Invesco that tracks the performance of the KBW Nasdaq Regional Banking Index. It was launched on Nov 1, 2011. Both IAT and KBWR 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: IAT or KBWR.
Performance
IAT vs. KBWR - Performance Comparison
Returns By Period
In the year-to-date period, IAT achieves a 34.71% return, which is significantly higher than KBWR's 22.75% return. Over the past 10 years, IAT has underperformed KBWR with an annualized return of 7.51%, while KBWR has yielded a comparatively higher 7.96% annualized return.
IAT
34.71%
11.14%
34.86%
59.59%
5.42%
7.51%
KBWR
22.75%
13.04%
35.82%
45.32%
7.99%
7.96%
Key characteristics
| IAT | KBWR | |
|---|---|---|
| Sharpe Ratio | 2.27 | 1.50 |
| Sortino Ratio | 3.30 | 2.39 |
| Omega Ratio | 1.40 | 1.28 |
| Calmar Ratio | 1.31 | 1.52 |
| Martin Ratio | 13.84 | 5.35 |
| Ulcer Index | 4.30% | 8.63% |
| Daily Std Dev | 26.24% | 30.81% |
| Max Drawdown | -77.23% | -52.86% |
| Current Drawdown | -12.79% | -1.70% |
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IAT vs. KBWR - Expense Ratio Comparison
IAT has a 0.42% expense ratio, which is higher than KBWR's 0.35% expense ratio.
Correlation
The correlation between IAT and KBWR is 0.91, 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
IAT vs. KBWR - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares U.S. Regional Banks ETF (IAT) and Invesco KBW Regional Banking ETF (KBWR). 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
IAT vs. KBWR - Dividend Comparison
IAT's dividend yield for the trailing twelve months is around 2.86%, more than KBWR's 2.45% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IAT iShares U.S. Regional Banks ETF | 2.86% | 3.56% | 3.12% | 1.88% | 2.87% | 2.49% | 2.48% | 1.56% | 1.52% | 1.78% | 1.68% | 1.56% |
KBWR Invesco KBW Regional Banking ETF | 2.45% | 2.89% | 2.51% | 2.04% | 2.92% | 2.44% | 2.45% | 1.59% | 1.50% | 1.92% | 1.79% | 1.50% |
Drawdowns
IAT vs. KBWR - Drawdown Comparison
The maximum IAT drawdown since its inception was -77.23%, which is greater than KBWR's maximum drawdown of -52.86%. Use the drawdown chart below to compare losses from any high point for IAT and KBWR. For additional features, visit the drawdowns tool.
Volatility
IAT vs. KBWR - Volatility Comparison
The current volatility for iShares U.S. Regional Banks ETF (IAT) is 12.24%, while Invesco KBW Regional Banking ETF (KBWR) has a volatility of 14.62%. This indicates that IAT experiences smaller price fluctuations and is considered to be less risky than KBWR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.