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.
Key characteristics
| IXG | KBWB | |
|---|---|---|
| YTD Return | 11.49% | 12.23% |
| 1Y Return | 28.24% | 48.01% |
| 3Y Return (Ann) | 5.83% | -4.57% |
| 5Y Return (Ann) | 9.63% | 4.96% |
| 10Y Return (Ann) | 7.29% | 7.32% |
| Sharpe Ratio | 2.43 | 2.31 |
| Daily Std Dev | 12.30% | 22.47% |
| Max Drawdown | -78.42% | -50.27% |
| Current Drawdown | 0.00% | -22.20% |
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.
Performance
IXG vs. KBWB - Performance Comparison
In the year-to-date period, IXG achieves a 11.49% return, which is significantly lower than KBWB's 12.23% return. Both investments have delivered pretty close results over the past 10 years, with IXG having a 7.29% annualized return and KBWB not far ahead at 7.32%. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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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.
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 2.35%, less than KBWB's 3.04% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IXG iShares Global Financials ETF | 2.35% | 2.62% | 3.71% | 1.69% | 2.13% | 2.87% | 3.14% | 2.12% | 2.21% | 2.79% | 2.38% | 2.14% |
KBWB Invesco KBW Bank ETF | 3.04% | 3.20% | 3.05% | 2.13% | 2.62% | 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 2.65%, while Invesco KBW Bank ETF (KBWB) has a volatility of 4.27%. 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.