KBWB vs. FDIQ
KBWB (Invesco KBW Bank ETF) and FDIQ (Invesco Bloomberg Financial Data Providers ETF) are both Financials Equities funds from Invesco - KBWB tracks the KBW Nasdaq Bank Index while FDIQ tracks the Bloomberg Financial Data Providers Index. Both are passively managed. Over the past 10 years, KBWB returned 14.07%/yr vs 7.93%/yr for FDIQ. Their correlation of 0.85 suggests significant overlap in exposure. Both charge a 0.35% expense ratio.
Performance
KBWB vs. FDIQ - Performance Comparison
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Returns By Period
In the year-to-date period, KBWB achieves a 12.95% return, which is significantly higher than FDIQ's 5.60% return. Over the past 10 years, KBWB has outperformed FDIQ with an annualized return of 14.07%, while FDIQ has yielded a comparatively lower 7.93% annualized return.
KBWB
- 1D
- 0.68%
- 1M
- 9.33%
- YTD
- 12.95%
- 6M
- 10.99%
- 1Y
- 40.49%
- 3Y*
- 37.07%
- 5Y*
- 10.98%
- 10Y*
- 14.07%
FDIQ
- 1D
- -0.09%
- 1M
- -7.75%
- YTD
- 5.60%
- 6M
- 2.65%
- 1Y
- 17.57%
- 3Y*
- 18.68%
- 5Y*
- 3.92%
- 10Y*
- 7.93%
KBWB vs. FDIQ - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
KBWB Invesco KBW Bank ETF | 12.95% | 32.05% | 36.73% | -1.18% | -21.68% | 37.72% | -10.46% | 35.90% | -18.30% | 18.11% |
FDIQ Invesco Bloomberg Financial Data Providers ETF | 5.60% | 6.32% | 12.76% | -0.84% | -7.23% | 36.05% | -8.95% | 23.57% | -18.31% | 1.81% |
Correlation
The correlation between KBWB and FDIQ is 0.63, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.63 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.80 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.84 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.87 |
Correlation (All Time) Calculated using the full available price history since Nov 1, 2011 | 0.85 |
Over the past year, the correlation between KBWB and FDIQ has dropped to 0.63 - well below their long-term average of 0.85, suggesting their price drivers have been diverging.
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Return for Risk
KBWB vs. FDIQ — Risk / Return Rank
KBWB
FDIQ
KBWB vs. FDIQ - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco KBW Bank ETF (KBWB) and Invesco Bloomberg Financial Data Providers ETF (FDIQ). 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.
| KBWB | FDIQ | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.21 | ||
| Sortino ratioReturn per unit of downside risk | +1.35 | ||
| Omega ratioGain probability vs. loss probability | 1.35 | 1.16 | +0.19 |
| Calmar ratioReturn relative to maximum drawdown | 2.48 | 1.48 | +1.01 |
| Martin ratioReturn relative to average drawdown | 7.81 | 3.67 | +4.14 |
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Drawdowns
KBWB vs. FDIQ - Drawdown Comparison
The maximum KBWB drawdown since its inception was -50.27%, roughly equal to the maximum FDIQ drawdown of -52.86%. Use the drawdown chart below to compare losses from any high point for KBWB and FDIQ.
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Drawdown Indicators
| KBWB | FDIQ | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -50.27% | -52.86% | +2.59% |
Max Drawdown (1Y)Largest decline over 1 year | -16.38% | -11.96% | -4.42% |
Max Drawdown (3Y)Largest decline over 3 years | -25.43% | -28.09% | +2.66% |
Max Drawdown (5Y)Largest decline over 5 years | -49.31% | -42.99% | -6.32% |
Max Drawdown (10Y)Largest decline over 10 years | -50.27% | -52.86% | +2.59% |
Current DrawdownCurrent decline from peak | 0.00% | -11.96% | +11.96% |
Average DrawdownAverage peak-to-trough decline | -11.70% | -11.54% | -0.16% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.20% | 4.79% | +0.41% |
Volatility
KBWB vs. FDIQ - Volatility Comparison
Invesco KBW Bank ETF (KBWB) and Invesco Bloomberg Financial Data Providers ETF (FDIQ) have volatilities of 5.65% and 5.49%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| KBWB | FDIQ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.65% | 5.49% | +0.16% |
Volatility (6M)Calculated over the trailing 6-month period | 15.89% | 14.13% | +1.76% |
Volatility (1Y)Calculated over the trailing 1-year period | 20.26% | 22.13% | -1.87% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 26.55% | 28.54% | -1.99% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 29.12% | 31.05% | -1.93% |
KBWB vs. FDIQ - Expense Ratio Comparison
Both KBWB and FDIQ have an expense ratio of 0.35%.
Dividends
KBWB vs. FDIQ - Dividend Comparison
KBWB's dividend yield for the trailing twelve months is around 1.97%, less than FDIQ's 2.36% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FDIQ Invesco Bloomberg Financial Data Providers ETF | 2.36% | 2.66% | 2.69% | 2.89% | 2.51% | 2.04% | 2.92% | 2.44% | 2.45% | 1.59% | 1.50% | 1.92% |
KBWB Invesco KBW Bank ETF | 1.97% | 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 FDIQ have a correlation of 0.63, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
KBWB has higher volatility (5.65%) compared to FDIQ (5.49%). In terms of maximum drawdown, KBWB dropped -50.27% vs FDIQ's -52.86%.
On 10-year performance, KBWB leads with 14.07% vs 7.93% for FDIQ. Both ETFs have the same 0.35% expense ratio. On volatility, FDIQ has been the lower-risk option at 5.49%. 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 14.07% return vs 7.93%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
KBWB and FDIQ have the same expense ratio: 0.35% per year.
FDIQ has the higher dividend yield at 2.36%, compared with 1.97% for KBWB.
KBWB tracks KBW Nasdaq Bank Index, while FDIQ tracks Bloomberg Financial Data Providers Index.
KBWB currently has the higher Sharpe Ratio (2.01 vs 0.80), 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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