IXG vs. KBWB
Compare and contrast key facts about iShares Global Financials ETF (IXG) and Invesco KBW Bank ETF (KBWB).
IXG and KBWB are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. IXG is a passively managed fund by iShares that tracks the performance of the S&P Global Financials Sector Index. It was launched on Nov 12, 2001. KBWB is a passively managed fund by Invesco that tracks the performance of the KBW Nasdaq Bank Index. It was launched on Nov 1, 2011. Both IXG and KBWB 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: IXG or KBWB.
Performance
IXG vs. KBWB - Performance Comparison
Returns By Period
In the year-to-date period, IXG achieves a 28.49% return, which is significantly lower than KBWB's 44.06% return. Over the past 10 years, IXG has underperformed KBWB with an annualized return of 8.53%, while KBWB has yielded a comparatively higher 9.05% annualized return.
IXG
28.49%
1.76%
13.54%
38.14%
11.05%
8.53%
KBWB
44.06%
10.23%
27.30%
66.57%
7.53%
9.05%
Key characteristics
| IXG | KBWB | |
|---|---|---|
| Sharpe Ratio | 3.16 | 3.05 |
| Sortino Ratio | 4.15 | 4.33 |
| Omega Ratio | 1.56 | 1.55 |
| Calmar Ratio | 4.05 | 1.69 |
| Martin Ratio | 21.52 | 22.46 |
| Ulcer Index | 1.83% | 3.07% |
| Daily Std Dev | 12.48% | 22.59% |
| Max Drawdown | -78.42% | -50.27% |
| Current Drawdown | -0.33% | -0.13% |
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IXG vs. KBWB - Expense Ratio Comparison
IXG has a 0.46% expense ratio, which is higher than KBWB's 0.35% expense ratio.
Correlation
The correlation between IXG and KBWB is 0.86, 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
IXG vs. KBWB - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Global Financials ETF (IXG) and Invesco KBW Bank ETF (KBWB). 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
IXG vs. KBWB - Dividend Comparison
IXG's dividend yield for the trailing twelve months is around 2.41%, more than KBWB's 2.36% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IXG iShares Global Financials ETF | 2.41% | 2.62% | 3.71% | 1.68% | 2.13% | 2.87% | 3.14% | 2.12% | 2.21% | 2.79% | 2.38% | 2.14% |
KBWB Invesco KBW Bank ETF | 2.36% | 3.20% | 3.05% | 2.13% | 2.63% | 2.38% | 2.54% | 1.35% | 1.53% | 1.53% | 1.52% | 1.43% |
Drawdowns
IXG vs. KBWB - Drawdown Comparison
The maximum IXG drawdown since its inception was -78.42%, which is greater than KBWB's maximum drawdown of -50.27%. Use the drawdown chart below to compare losses from any high point for IXG and KBWB. For additional features, visit the drawdowns tool.
Volatility
IXG vs. KBWB - Volatility Comparison
The current volatility for iShares Global Financials ETF (IXG) is 4.63%, while Invesco KBW Bank ETF (KBWB) has a volatility of 11.55%. This indicates that IXG experiences smaller price fluctuations and is considered to be less risky than KBWB based on this measure. The chart below showcases a comparison of their rolling one-month volatility.