KBWB vs. IYF
Compare and contrast key facts about Invesco KBW Bank ETF (KBWB) and iShares U.S. Financials ETF (IYF).
KBWB and IYF 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. 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. Both KBWB and IYF 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: KBWB or IYF.
Performance
KBWB vs. IYF - Performance Comparison
Returns By Period
In the year-to-date period, KBWB achieves a 44.70% return, which is significantly higher than IYF's 37.65% return. Over the past 10 years, KBWB has underperformed IYF with an annualized return of 8.97%, while IYF has yielded a comparatively higher 12.03% annualized return.
KBWB
44.70%
11.89%
32.07%
69.36%
7.52%
8.97%
IYF
37.65%
7.20%
24.29%
49.08%
13.66%
12.03%
Key characteristics
| KBWB | IYF | |
|---|---|---|
| Sharpe Ratio | 3.09 | 3.31 |
| Sortino Ratio | 4.38 | 4.62 |
| Omega Ratio | 1.55 | 1.60 |
| Calmar Ratio | 1.71 | 4.75 |
| Martin Ratio | 22.74 | 23.77 |
| Ulcer Index | 3.07% | 2.09% |
| Daily Std Dev | 22.57% | 15.01% |
| Max Drawdown | -50.27% | -79.09% |
| Current Drawdown | 0.00% | 0.00% |
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KBWB vs. IYF - Expense Ratio Comparison
KBWB has a 0.35% expense ratio, which is lower than IYF's 0.42% expense ratio.
Correlation
The correlation between KBWB and IYF 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.
Risk-Adjusted Performance
KBWB vs. IYF - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco KBW Bank ETF (KBWB) and iShares U.S. Financials ETF (IYF). 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
KBWB vs. IYF - Dividend Comparison
KBWB's dividend yield for the trailing twelve months is around 2.35%, more than IYF's 1.19% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
KBWB Invesco KBW Bank ETF | 2.35% | 3.20% | 3.05% | 2.13% | 2.63% | 2.38% | 2.54% | 1.35% | 1.53% | 1.53% | 1.52% | 1.43% |
IYF iShares U.S. Financials ETF | 1.19% | 1.67% | 1.86% | 1.27% | 1.72% | 1.64% | 1.90% | 1.46% | 1.67% | 1.66% | 1.38% | 1.33% |
Drawdowns
KBWB vs. IYF - Drawdown Comparison
The maximum KBWB drawdown since its inception was -50.27%, smaller than the maximum IYF drawdown of -79.09%. Use the drawdown chart below to compare losses from any high point for KBWB and IYF. For additional features, visit the drawdowns tool.
Volatility
KBWB vs. IYF - Volatility Comparison
Invesco KBW Bank ETF (KBWB) has a higher volatility of 11.48% compared to iShares U.S. Financials ETF (IYF) at 7.89%. This indicates that KBWB's price experiences larger fluctuations and is considered to be riskier than IYF based on this measure. The chart below showcases a comparison of their rolling one-month volatility.