KBWB vs. DPST

Last updated Apr 1, 2026

Compare and contrast key facts about Invesco KBW Bank ETF (KBWB) and Direxion Daily Regional Banks Bull 3X Shares (DPST).

KBWB and DPST are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. 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. DPST is a passively managed fund by Direxion that tracks the performance of the Solactive US Regional Banks Total Return Index (300%). It was launched on Aug 19, 2015. Both KBWB and DPST are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.

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.

KBWB vs. DPST - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
KBWB Invesco KBW Bank ETF	-5.53%	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	-3.92%	-5.90%	15.48%	-55.79%	-54.10%	108.31%	-76.53%	70.65%	-56.75%	7.28%

Returns By Period

In the year-to-date period, KBWB achieves a -5.53% return, which is significantly lower than DPST's -3.92% return. Over the past 10 years, KBWB has outperformed DPST with an annualized return of 11.89%, while DPST has yielded a comparatively lower -14.27% annualized return.

KBWB

• 1D: 3.56%
• 1M: -2.73%
• YTD: -5.53%
• 6M: 2.34%
• 1Y: 29.02%
• 3Y*: 27.16%
• 5Y*: 7.87%
• 10Y*: 11.89%

DPST

• 1D: 7.25%
• 1M: -7.04%
• YTD: -3.92%
• 6M: -2.44%
• 1Y: 14.13%
• 3Y*: 10.35%
• 5Y*: -25.87%
• 10Y*: -14.27%

*Multi-year figures are annualized to reflect compound growth (CAGR)

KBWB vs. DPST - Expense Ratio Comparison

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

DPST

Direxion Daily Regional Banks Bull 3X Shares

KBWB

Invesco KBW Bank ETF

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: 67
KBWB Sharpe Ratio Rank: 67
KBWB Sortino Ratio Rank: 63
KBWB Omega Ratio Rank: 67
KBWB Calmar Ratio Rank: 75
KBWB Martin Ratio Rank: 61

DPST

DPST Risk / Return Rank: 23
DPST Sharpe Ratio Rank: 17
DPST Sortino Ratio Rank: 29
DPST Omega Ratio Rank: 31
DPST Calmar Ratio Rank: 22
DPST Martin Ratio Rank: 19

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.

	KBWB	DPST	Difference
Sharpe ratio Return per unit of total volatility	1.12	0.17	+0.95
Sortino ratio Return per unit of downside risk	1.53	0.82	+0.71
Omega ratio Gain probability vs. loss probability	1.24	1.12	+0.12
Calmar ratio Return relative to maximum drawdown	1.88	0.40	+1.48
Martin ratio Return relative to average drawdown	5.58	0.89	+4.68
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

KBWB vs. DPST - Sharpe Ratio Comparison

The current KBWB Sharpe Ratio is 1.12, which is higher than the DPST Sharpe Ratio of 0.17. The chart below compares the historical Sharpe Ratios of KBWB and DPST, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	KBWB	DPST	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.12	0.17	+0.95
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.30	-0.29	+0.59
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.41	-0.15	+0.56
Sharpe Ratio (All Time) Calculated using the full available price history	0.47	-0.18	+0.65

Correlation

The correlation between KBWB and DPST is 0.90, 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.

Dividends

KBWB vs. DPST - Dividend Comparison

KBWB's dividend yield for the trailing twelve months is around 2.27%, more than DPST's 2.20% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
KBWB Invesco KBW Bank ETF	2.27%	2.04%	2.46%	3.20%	3.05%	2.13%	2.62%	2.38%	2.54%	1.35%	1.53%	1.53%
DPST Direxion Daily Regional Banks Bull 3X Shares	2.20%	2.18%	1.55%	1.78%	1.51%	0.58%	0.90%	1.29%	2.18%	0.30%	0.00%	0.00%

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.

Drawdown Indicators

	KBWB	DPST	Difference
Max Drawdown Largest peak-to-trough decline	-50.27%	-97.73%	+47.46%
Max Drawdown (1Y) Largest decline over 1 year	-16.38%	-41.50%	+25.12%
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	-12.21%	-94.12%	+81.91%
Average Drawdown Average peak-to-trough decline	-11.82%	-63.64%	+51.82%
Ulcer Index Depth and duration of drawdowns from previous peaks	5.51%	18.56%	-13.05%

Volatility

KBWB vs. DPST - Volatility Comparison

The current volatility for Invesco KBW Bank ETF (KBWB) is 6.61%, while Direxion Daily Regional Banks Bull 3X Shares (DPST) has a volatility of 15.90%. 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.

Volatility by Period

	KBWB	DPST	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.61%	15.90%	-9.29%
Volatility (6M) Calculated over the trailing 6-month period	15.99%	54.27%	-38.28%
Volatility (1Y) Calculated over the trailing 1-year period	26.00%	83.71%	-57.71%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	26.65%	89.62%	-62.97%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	29.25%	94.78%	-65.53%