KBWB vs. KBE
Compare and contrast key facts about Invesco KBW Bank ETF (KBWB) and SPDR S&P Bank ETF (KBE).
KBWB and KBE 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. KBE is a passively managed fund by State Street that tracks the performance of the S&P Banks Select Industry Index. It was launched on Nov 8, 2005. Both KBWB and KBE 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 KBE.
Correlation
The correlation between KBWB and KBE is 0.67, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
KBWB vs. KBE - Performance Comparison
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Key characteristics
KBWB:
0.70
KBE:
0.49
KBWB:
1.21
KBE:
0.96
KBWB:
1.17
KBE:
1.12
KBWB:
0.81
KBE:
0.60
KBWB:
2.74
KBE:
1.64
KBWB:
7.89%
KBE:
9.49%
KBWB:
28.35%
KBE:
29.39%
KBWB:
-50.27%
KBE:
-83.15%
KBWB:
-11.82%
KBE:
-14.96%
Returns By Period
In the year-to-date period, KBWB achieves a -2.57% return, which is significantly higher than KBE's -4.37% return. Over the past 10 years, KBWB has outperformed KBE with an annualized return of 7.66%, while KBE has yielded a comparatively lower 6.74% annualized return.
KBWB
-2.57%
14.21%
-5.43%
19.29%
15.77%
7.66%
KBE
-4.37%
13.73%
-10.34%
14.26%
16.03%
6.74%
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KBWB vs. KBE - Expense Ratio Comparison
Both KBWB and KBE have an expense ratio of 0.35%.
Risk-Adjusted Performance
KBWB vs. KBE — Risk-Adjusted Performance Rank
KBWB
KBE
KBWB vs. KBE - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco KBW Bank ETF (KBWB) and SPDR S&P Bank ETF (KBE). 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.
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Dividends
KBWB vs. KBE - Dividend Comparison
KBWB's dividend yield for the trailing twelve months is around 2.52%, less than KBE's 2.60% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
KBWB Invesco KBW Bank ETF | 2.52% | 2.46% | 3.20% | 3.05% | 2.13% | 2.63% | 2.38% | 2.54% | 1.35% | 1.53% | 1.53% | 1.52% |
KBE SPDR S&P Bank ETF | 2.60% | 2.35% | 2.78% | 2.99% | 2.16% | 2.44% | 2.33% | 2.18% | 1.35% | 1.39% | 1.69% | 1.59% |
Drawdowns
KBWB vs. KBE - Drawdown Comparison
The maximum KBWB drawdown since its inception was -50.27%, smaller than the maximum KBE drawdown of -83.15%. Use the drawdown chart below to compare losses from any high point for KBWB and KBE. For additional features, visit the drawdowns tool.
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Volatility
KBWB vs. KBE - Volatility Comparison
The current volatility for Invesco KBW Bank ETF (KBWB) is 8.28%, while SPDR S&P Bank ETF (KBE) has a volatility of 8.77%. This indicates that KBWB experiences smaller price fluctuations and is considered to be less risky than KBE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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