KBWB vs. TFNS

Last updated Jun 3, 2026

KBWB (Invesco KBW Bank ETF) and TFNS (T. Rowe Price Financials ETF) are both Financials Equities funds. KBWB is passively managed, while TFNS is actively managed. Their correlation of 0.87 suggests significant overlap in exposure. KBWB charges 0.35%/yr vs 0.44%/yr for TFNS.

Performance

KBWB vs. TFNS - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Invesco KBW Bank ETF (KBWB) and T. Rowe Price Financials ETF (TFNS). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, KBWB achieves a 5.53% return, which is significantly higher than TFNS's -4.02% return.

KBWB

• 1D: 1.74%
• 1M: 1.83%
• YTD: 5.53%
• 6M: 12.68%
• 1Y: 37.99%
• 3Y*: 32.54%
• 5Y*: 7.99%
• 10Y*: 12.25%

TFNS

• 1D: 0.08%
• 1M: -0.57%
• YTD: -4.02%
• 6M: 0.63%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

KBWB vs. TFNS - Yearly Performance Comparison

	2026 (YTD)	2025
KBWB Invesco KBW Bank ETF	5.53%	28.04%
TFNS T. Rowe Price Financials ETF	-4.02%	10.41%

Correlation

The correlation between KBWB and TFNS is 0.87, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (All Time) Calculated using the full available price history since Jun 13, 2025	0.87

KBWB vs. TFNS - Sectors Allocation Comparison

Sectors	KBWB	TFNS
Financial Services	100.0%	97.1%
Basic Materials	-	-
Communication Services	-	-
Consumer Cyclical	-	-
Consumer Defensive	-	-
Energy	-	-
Healthcare	-	-
Industrials	-	0.9%
Real Estate	-	-
Technology	-	1.9%
Utilities	-	-

Return for Risk

KBWB vs. TFNS — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

KBWB

KBWB Risk / Return Rank: 50
KBWB Sharpe Ratio Rank: 55
KBWB Sortino Ratio Rank: 50
KBWB Omega Ratio Rank: 53
KBWB Calmar Ratio Rank: 46
KBWB Martin Ratio Rank: 44

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. TFNS - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco KBW Bank ETF (KBWB) and T. Rowe Price Financials ETF (TFNS). 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	TFNS	Difference
Sharpe ratio Return per unit of total volatility	1.91	—	—
Sortino ratio Return per unit of downside risk	2.48	—	—
Omega ratio Gain probability vs. loss probability	1.33	—	—
Calmar ratio Return relative to maximum drawdown	2.31	—	—
Martin ratio Return relative to average drawdown	7.29	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	KBWB	TFNS	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.91	—	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.30	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.42	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.50	0.41	+0.09

Drawdowns

KBWB vs. TFNS - Drawdown Comparison

The maximum KBWB drawdown since its inception was -50.27%, which is greater than TFNS's maximum drawdown of -14.00%. Use the drawdown chart below to compare losses from any high point for KBWB and TFNS.

Drawdown Indicators

	KBWB	TFNS	Difference
Max Drawdown Largest peak-to-trough decline	-50.27%	-14.00%	-36.27%
Max Drawdown (1Y) Largest decline over 1 year	-16.38%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-25.43%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-49.31%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-50.27%	—	—
Current Drawdown Current decline from peak	-1.92%	-6.70%	+4.78%
Average Drawdown Average peak-to-trough decline	-11.75%	-3.80%	-7.95%
Ulcer Index Depth and duration of drawdowns from previous peaks	5.20%	—	—

Volatility

Volatility by Period

	KBWB	TFNS	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.24%	—	—
Volatility (6M) Calculated over the trailing 6-month period	15.42%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	20.01%	15.00%	+5.01%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	26.62%	15.00%	+11.62%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	29.20%	15.00%	+14.20%

KBWB vs. TFNS - Expense Ratio Comparison

KBWB has a 0.35% expense ratio, which is lower than TFNS's 0.44% expense ratio.

Dividends

KBWB vs. TFNS - Dividend Comparison

KBWB's dividend yield for the trailing twelve months is around 2.03%, more than TFNS's 0.51% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
KBWB Invesco KBW Bank ETF	2.03%	2.04%	2.46%	3.20%	3.05%	2.13%	2.62%	2.38%	2.54%	1.35%	1.53%	1.53%
TFNS T. Rowe Price Financials ETF	0.51%	0.49%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both KBWB and TFNS in my portfolio?

KBWB and TFNS have a correlation of 0.87, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, KBWB or TFNS?

On fees, KBWB is cheaper at 0.35% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, KBWB or TFNS?

KBWB is cheaper with a 0.35% expense ratio, compared with 0.44% for TFNS.

Which ETF pays a higher dividend yield, KBWB or TFNS?

KBWB has the higher dividend yield at 2.03%, compared with 0.51% for TFNS.

What is the main difference between KBWB and TFNS?

They also come from different issuers: Invesco and T. Rowe Price. Their fees differ too: 0.35% for KBWB and 0.44% for TFNS.