KBWB vs. KBWR
Compare and contrast key facts about Invesco KBW Bank ETF (KBWB) and Invesco KBW Regional Banking ETF (KBWR).
KBWB and KBWR 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. KBWR is a passively managed fund by Invesco that tracks the performance of the KBW Nasdaq Regional Banking Index. It was launched on Nov 1, 2011. Both KBWB and KBWR 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 KBWR.
Key characteristics
| KBWB | KBWR | |
|---|---|---|
| YTD Return | 29.72% | 8.75% |
| 1Y Return | 57.24% | 31.62% |
| 3Y Return (Ann) | -1.47% | -0.92% |
| 5Y Return (Ann) | 5.33% | 5.11% |
| 10Y Return (Ann) | 7.81% | 6.66% |
| Sharpe Ratio | 3.32 | 1.48 |
| Sortino Ratio | 4.40 | 2.24 |
| Omega Ratio | 1.55 | 1.26 |
| Calmar Ratio | 1.56 | 1.23 |
| Martin Ratio | 22.60 | 5.00 |
| Ulcer Index | 3.07% | 8.64% |
| Daily Std Dev | 20.91% | 29.16% |
| Max Drawdown | -50.27% | -52.86% |
| Current Drawdown | -10.08% | -9.92% |
Correlation
The correlation between KBWB and KBWR is 0.86, 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.
Performance
KBWB vs. KBWR - Performance Comparison
In the year-to-date period, KBWB achieves a 29.72% return, which is significantly higher than KBWR's 8.75% return. Over the past 10 years, KBWB has outperformed KBWR with an annualized return of 7.81%, while KBWR has yielded a comparatively lower 6.66% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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KBWB vs. KBWR - Expense Ratio Comparison
Both KBWB and KBWR have an expense ratio of 0.35%.
Risk-Adjusted Performance
KBWB vs. KBWR - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco KBW Bank ETF (KBWB) and Invesco KBW Regional Banking ETF (KBWR). 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. KBWR - Dividend Comparison
KBWB's dividend yield for the trailing twelve months is around 2.63%, less than KBWR's 2.77% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
KBWB Invesco KBW Bank ETF | 2.63% | 3.20% | 3.05% | 2.13% | 2.62% | 2.38% | 2.54% | 1.35% | 1.53% | 1.53% | 1.52% | 1.43% |
KBWR Invesco KBW Regional Banking ETF | 2.77% | 2.89% | 2.51% | 2.04% | 2.92% | 2.44% | 2.45% | 1.59% | 1.50% | 1.92% | 1.79% | 1.49% |
Drawdowns
KBWB vs. KBWR - Drawdown Comparison
The maximum KBWB drawdown since its inception was -50.27%, roughly equal to the maximum KBWR drawdown of -52.86%. Use the drawdown chart below to compare losses from any high point for KBWB and KBWR. For additional features, visit the drawdowns tool.
Volatility
KBWB vs. KBWR - Volatility Comparison
The current volatility for Invesco KBW Bank ETF (KBWB) is 5.57%, while Invesco KBW Regional Banking ETF (KBWR) has a volatility of 7.89%. This indicates that KBWB experiences smaller price fluctuations and is considered to be less risky than KBWR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.