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KBWB vs. DPST
Performance
Return for Risk
Drawdowns
Volatility
Dividends

KBWB vs. DPST

Last updated Jun 23, 2026

KBWB (Invesco KBW Bank ETF) and DPST (Direxion Daily Regional Banks Bull 3X Shares) are both exchange-traded funds - KBWB is a Financials Equities fund tracking the KBW Nasdaq Bank Index, while DPST is a Leveraged Equities fund tracking the Solactive US Regional Banks Total Return Index (300%). Both are passively managed. Over the past 10 years, KBWB returned 13.99%/yr vs -11.53%/yr for DPST. Their correlation of 0.90 suggests significant overlap in exposure. KBWB charges 0.35%/yr vs 0.99%/yr for DPST.

Performance

KBWB vs. DPST - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Invesco KBW Bank ETF (KBWB) and Direxion Daily Regional Banks Bull 3X Shares (DPST). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, KBWB achieves a 12.18% return, which is significantly lower than DPST's 25.97% return. Over the past 10 years, KBWB has outperformed DPST with an annualized return of 13.99%, while DPST has yielded a comparatively lower -11.53% annualized return.

KBWB

1D
1.42%
1M
8.59%
YTD
12.18%
6M
10.15%
1Y
41.92%
3Y*
36.76%
5Y*
11.16%
10Y*
13.99%

DPST

1D
3.07%
1M
11.97%
YTD
25.97%
6M
13.08%
1Y
71.11%
3Y*
39.46%
5Y*
-20.47%
10Y*
-11.53%
*Multi-year figures are annualized to reflect compound growth (CAGR)

KBWB vs. DPST - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
KBWB
Invesco KBW Bank ETF		12.18%32.05%36.73%-1.18%-21.68%37.72%-10.46%35.90%-18.30%18.11%
DPST
Direxion Daily Regional Banks Bull 3X Shares		25.97%-5.90%15.48%-55.79%-54.10%108.31%-76.53%70.65%-56.75%7.28%

Correlation

The correlation between KBWB and DPST is 0.83, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.83

Correlation (3Y)
Calculated over the trailing 3-year period

0.89

Correlation (5Y)
Calculated over the trailing 5-year period

0.91

Correlation (10Y)
Calculated over the trailing 10-year period

0.92

Correlation (All Time)
Calculated using the full available price history since Aug 19, 2015

0.90

The correlation between KBWB and DPST has been stable across timeframes, ranging from 0.83 to 0.92 - a consistent structural relationship.

KBWB vs. DPST - Sectors Allocation Comparison

Sectors
KBWB
DPST

Financial Services

100.0%
100.0%

Basic Materials

-

-

Communication Services

-

-

Consumer Cyclical

-

-

Consumer Defensive

-

-

Energy

-

-

Healthcare

-

-

Industrials

-

-

Real Estate

-

-

Technology

-

-

Utilities

-

-

Financial Services

KBWB
100.0%
DPST
100.0%

Basic Materials

KBWB

-

DPST

-

Communication Services

KBWB

-

DPST

-

Consumer Cyclical

KBWB

-

DPST

-

Consumer Defensive

KBWB

-

DPST

-

Energy

KBWB

-

DPST

-

Healthcare

KBWB

-

DPST

-

Industrials

KBWB

-

DPST

-

Real Estate

KBWB

-

DPST

-

Technology

KBWB

-

DPST

-

Utilities

KBWB

-

DPST

-

Compare stocks, funds, or ETFs

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Invesco KBW Bank ETF

Direxion Daily Regional Banks Bull 3X Shares

Often compared with KBWB:
KBWB vs. XLFKBWB vs. KREKBWB vs. KBEKBWB vs. VFHKBWB vs. IYFKBWB vs. SPYKBWB vs. FTXO
Often compared with DPST:
DPST vs. KREDPST vs. FASDPST vs. BNKUDPST vs. NAILDPST vs. DRNDPST vs. KORUDPST vs. SOXL

Return for Risk

KBWB vs. DPST — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
KBWB
KBWB Risk / Return Rank: 5858
Overall Rank
KBWB Sharpe Ratio Rank: 6666
Sharpe Ratio Rank
KBWB Sortino Ratio Rank: 5959
Sortino Ratio Rank
KBWB Omega Ratio Rank: 6161
Omega Ratio Rank
KBWB Calmar Ratio Rank: 5353
Calmar Ratio Rank
KBWB Martin Ratio Rank: 4949
Martin Ratio Rank
DPST
DPST Risk / Return Rank: 3232
Overall Rank
DPST Sharpe Ratio Rank: 3030
Sharpe Ratio Rank
DPST Sortino Ratio Rank: 3232
Sortino Ratio Rank
DPST Omega Ratio Rank: 3333
Omega Ratio Rank
DPST Calmar Ratio Rank: 3636
Calmar Ratio Rank
DPST Martin Ratio Rank: 2929
Martin Ratio Rank
The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

KBWB vs. DPST - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco KBW Bank ETF (KBWB) and Direxion Daily Regional Banks Bull 3X Shares (DPST). 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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

KBWBDPSTDifference
Sharpe ratioReturn per unit of total volatility
2.08
1.03

+1.05

Sortino ratioReturn per unit of downside risk
2.69
1.65

+1.04

Omega ratioGain probability vs. loss probability

1.36

1.22

+0.14

Calmar ratioReturn relative to maximum drawdown

2.57

1.77

+0.80

Martin ratioReturn relative to average drawdown

8.09

3.92

+4.17

KBWB vs. DPST - Sharpe Ratio Comparison

The current KBWB Sharpe Ratio is 2.08, which is higher than the DPST Sharpe Ratio of 1.03. The chart below compares the historical Sharpe Ratios of KBWB and DPST, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Drawdowns

KBWB vs. DPST - Drawdown Comparison

The maximum KBWB drawdown since its inception was -50.27%, smaller than the maximum DPST drawdown of -97.73%. Use the drawdown chart below to compare losses from any high point for KBWB and DPST.

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Drawdown Indicators

KBWBDPSTDifference

Max Drawdown

Largest peak-to-trough decline

-50.27%

-97.73%

+47.46%

Max Drawdown (1Y)

Largest decline over 1 year

-16.38%

-40.44%

+24.06%

Max Drawdown (3Y)

Largest decline over 3 years

-25.43%

-68.38%

+42.95%

Max Drawdown (5Y)

Largest decline over 5 years

-49.31%

-93.99%

+44.68%

Max Drawdown (10Y)

Largest decline over 10 years

-50.27%

-97.73%

+47.46%

Current Drawdown

Current decline from peak

0.00%

-92.29%

+92.29%

Average Drawdown

Average peak-to-trough decline

-11.70%

-64.24%

+52.54%

Ulcer Index

Depth and duration of drawdowns from previous peaks

5.20%

18.21%

-13.01%

Volatility

KBWB vs. DPST - Volatility Comparison

The current volatility for Invesco KBW Bank ETF (KBWB) is 5.65%, while Direxion Daily Regional Banks Bull 3X Shares (DPST) has a volatility of 18.44%. This indicates that KBWB experiences smaller price fluctuations and is considered to be less risky than DPST based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

KBWBDPSTDifference

Volatility (1M)

Calculated over the trailing 1-month period

5.65%

18.44%

-12.79%

Volatility (6M)

Calculated over the trailing 6-month period

15.88%

47.98%

-32.10%

Volatility (1Y)

Calculated over the trailing 1-year period

20.30%

69.35%

-49.05%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

26.55%

88.96%

-62.41%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

29.21%

94.55%

-65.34%

KBWB vs. DPST - Expense Ratio Comparison

KBWB has a 0.35% expense ratio, which is lower than DPST's 0.99% expense ratio.

Dividends

KBWB vs. DPST - Dividend Comparison

KBWB's dividend yield for the trailing twelve months is around 2.43%, more than DPST's 1.68% yield.

PositionTTM20252024202320222021202020192018201720162015
DPST
Direxion Daily Regional Banks Bull 3X Shares		1.68%2.18%1.55%1.78%1.51%0.58%0.90%1.29%2.18%0.30%0.00%0.00%
KBWB
Invesco KBW Bank ETF		2.43%2.04%2.46%3.20%3.05%2.13%2.62%2.38%2.54%1.35%1.53%1.53%

Frequently Asked Questions

KBWB and DPST have a correlation of 0.83, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

DPST has higher volatility (18.44%) compared to KBWB (5.65%). In terms of maximum drawdown, KBWB dropped -50.27% vs DPST's -97.73%.

On 10-year performance, KBWB leads with 13.99% vs -11.53% for DPST. On fees, KBWB is cheaper at 0.35% per year. On volatility, KBWB has been the lower-risk option at 5.65%. The better choice depends on whether you care most about return, fees, risk, or income.

Over the 10-year period, KBWB has performed better with a 13.99% return vs -11.53%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

KBWB is cheaper with a 0.35% expense ratio, compared with 0.99% for DPST.

KBWB has the higher dividend yield at 2.43%, compared with 1.68% for DPST.

KBWB is categorized as Financials Equities, while DPST is Leveraged Equities. KBWB tracks KBW Nasdaq Bank Index, while DPST tracks Solactive US Regional Banks Total Return Index (300%). They also come from different issuers: Invesco and Direxion. Their fees differ too: 0.35% for KBWB and 0.99% for DPST.

KBWB currently has the higher Sharpe Ratio (2.08 vs 1.03), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.

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