IVZ vs. KBWD
Compare and contrast key facts about Invesco Ltd. (IVZ) 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: IVZ or KBWD.
Performance
IVZ vs. KBWD - Performance Comparison
Returns By Period
In the year-to-date period, IVZ achieves a 4.56% return, which is significantly lower than KBWD's 8.21% return. Over the past 10 years, IVZ has underperformed KBWD with an annualized return of -3.76%, while KBWD has yielded a comparatively higher 4.39% annualized return.
IVZ
4.56%
2.56%
16.25%
34.68%
5.13%
-3.76%
KBWD
8.21%
4.23%
6.51%
18.59%
3.96%
4.39%
Key characteristics
| IVZ | KBWD | |
|---|---|---|
| Sharpe Ratio | 1.12 | 1.09 |
| Sortino Ratio | 1.56 | 1.52 |
| Omega Ratio | 1.21 | 1.19 |
| Calmar Ratio | 0.67 | 1.19 |
| Martin Ratio | 3.41 | 4.41 |
| Ulcer Index | 10.18% | 4.21% |
| Daily Std Dev | 31.10% | 17.03% |
| Max Drawdown | -83.87% | -58.63% |
| Current Drawdown | -35.13% | -0.74% |
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Correlation
The correlation between IVZ and KBWD is 0.69, 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
IVZ vs. KBWD - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco Ltd. (IVZ) 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
IVZ vs. KBWD - Dividend Comparison
IVZ's dividend yield for the trailing twelve months is around 4.59%, less than KBWD's 11.85% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IVZ Invesco Ltd. | 4.59% | 4.42% | 4.08% | 2.89% | 4.45% | 6.84% | 7.11% | 3.15% | 3.66% | 3.17% | 2.47% | 2.33% |
KBWD Invesco KBW High Dividend Yield Financial ETF | 11.85% | 11.46% | 11.31% | 7.27% | 9.66% | 8.64% | 9.47% | 8.78% | 8.68% | 8.89% | 8.31% | 7.68% |
Drawdowns
IVZ vs. KBWD - Drawdown Comparison
The maximum IVZ drawdown since its inception was -83.87%, which is greater than KBWD's maximum drawdown of -58.63%. Use the drawdown chart below to compare losses from any high point for IVZ and KBWD. For additional features, visit the drawdowns tool.
Volatility
IVZ vs. KBWD - Volatility Comparison
Invesco Ltd. (IVZ) has a higher volatility of 8.30% compared to Invesco KBW High Dividend Yield Financial ETF (KBWD) at 4.77%. This indicates that IVZ'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.