IYF vs. KBWB
Compare and contrast key facts about iShares U.S. Financials ETF (IYF) and Invesco KBW Bank ETF (KBWB).
IYF and KBWB are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. IYF is a passively managed fund by iShares that tracks the performance of the Dow Jones U.S. Financials Index. It was launched on May 31, 2000. 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 IYF 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: IYF or KBWB.
Key characteristics
| IYF | KBWB | |
|---|---|---|
| YTD Return | 12.96% | 12.72% |
| 1Y Return | 36.82% | 43.57% |
| 3Y Return (Ann) | 7.27% | -4.62% |
| 5Y Return (Ann) | 11.35% | 5.19% |
| 10Y Return (Ann) | 11.06% | 7.25% |
| Sharpe Ratio | 3.00 | 2.28 |
| Daily Std Dev | 13.32% | 22.31% |
| Max Drawdown | -79.09% | -50.27% |
| Current Drawdown | -0.12% | -21.86% |
Correlation
The correlation between IYF and KBWB 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.
Performance
IYF vs. KBWB - Performance Comparison
The year-to-date returns for both stocks are quite close, with IYF having a 12.96% return and KBWB slightly lower at 12.72%. Over the past 10 years, IYF has outperformed KBWB with an annualized return of 11.06%, while KBWB has yielded a comparatively lower 7.25% annualized return. 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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IYF vs. KBWB - Expense Ratio Comparison
IYF has a 0.42% expense ratio, which is higher than KBWB's 0.35% expense ratio.
Risk-Adjusted Performance
IYF vs. KBWB - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares U.S. Financials ETF (IYF) 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
IYF vs. KBWB - Dividend Comparison
IYF's dividend yield for the trailing twelve months is around 1.45%, less than KBWB's 3.03% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IYF iShares U.S. Financials ETF | 1.45% | 1.67% | 1.86% | 1.27% | 1.72% | 1.65% | 1.90% | 1.46% | 1.67% | 1.66% | 1.38% | 1.33% |
KBWB Invesco KBW Bank ETF | 3.03% | 3.20% | 3.05% | 2.13% | 2.62% | 2.38% | 2.54% | 1.35% | 1.53% | 1.53% | 1.52% | 1.43% |
Drawdowns
IYF vs. KBWB - Drawdown Comparison
The maximum IYF drawdown since its inception was -79.09%, which is greater than KBWB's maximum drawdown of -50.27%. Use the drawdown chart below to compare losses from any high point for IYF and KBWB. For additional features, visit the drawdowns tool.
Volatility
IYF vs. KBWB - Volatility Comparison
The current volatility for iShares U.S. Financials ETF (IYF) is 3.07%, while Invesco KBW Bank ETF (KBWB) has a volatility of 3.93%. This indicates that IYF 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.