KBWB vs. XDWF.DE

Last updated Apr 2, 2026

Compare and contrast key facts about Invesco KBW Bank ETF (KBWB) and Xtrackers MSCI World Financials UCITS ETF 1C (XDWF.DE).

KBWB and XDWF.DE 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. XDWF.DE is a passively managed fund by Xtrackers that tracks the performance of the MSCI World Financials. It was launched on Mar 4, 2016. Both KBWB and XDWF.DE are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.

Performance

KBWB vs. XDWF.DE - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Invesco KBW Bank ETF (KBWB) and Xtrackers MSCI World Financials UCITS ETF 1C (XDWF.DE). The values are adjusted to include any dividend payments, if applicable.

KBWB vs. XDWF.DE - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
KBWB Invesco KBW Bank ETF	-4.32%	32.05%	36.73%	-1.18%	-21.68%	37.72%	-10.46%	35.90%	-18.30%	18.11%
XDWF.DE Xtrackers MSCI World Financials UCITS ETF 1C	-5.93%	30.23%	26.41%	15.97%	-10.11%	28.49%	-3.31%	26.39%	-17.97%	23.65%

Different Trading Currencies

KBWB is traded in USD, while XDWF.DE is traded in EUR. To make them comparable, the XDWF.DE values have been converted to USD using the latest available exchange rates.

Returns By Period

In the year-to-date period, KBWB achieves a -4.32% return, which is significantly higher than XDWF.DE's -5.93% return. Both investments have delivered pretty close results over the past 10 years, with KBWB having a 12.03% annualized return and XDWF.DE not far behind at 11.96%.

KBWB

• 1D: 1.29%
• 1M: -2.16%
• YTD: -4.32%
• 6M: 5.14%
• 1Y: 31.55%
• 3Y*: 27.70%
• 5Y*: 8.14%
• 10Y*: 12.03%

XDWF.DE

• 1D: 2.68%
• 1M: -2.69%
• YTD: -5.93%
• 6M: -0.38%
• 1Y: 14.75%
• 3Y*: 22.48%
• 5Y*: 12.66%
• 10Y*: 11.96%

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

KBWB vs. XDWF.DE - Expense Ratio Comparison

KBWB has a 0.35% expense ratio, which is higher than XDWF.DE's 0.25% expense ratio.

KBWB

Invesco KBW Bank ETF

XDWF.DE

Xtrackers MSCI World Financials UCITS ETF 1C

Return for Risk

KBWB vs. XDWF.DE — Risk / Return Rank

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

KBWB

KBWB Risk / Return Rank: 64
KBWB Sharpe Ratio Rank: 67
KBWB Sortino Ratio Rank: 62
KBWB Omega Ratio Rank: 67
KBWB Calmar Ratio Rank: 70
KBWB Martin Ratio Rank: 54

XDWF.DE

XDWF.DE Risk / Return Rank: 23
XDWF.DE Sharpe Ratio Rank: 21
XDWF.DE Sortino Ratio Rank: 21
XDWF.DE Omega Ratio Rank: 21
XDWF.DE Calmar Ratio Rank: 27
XDWF.DE Martin Ratio Rank: 26

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. XDWF.DE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco KBW Bank ETF (KBWB) and Xtrackers MSCI World Financials UCITS ETF 1C (XDWF.DE). 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	XDWF.DE	Difference
Sharpe ratio Return per unit of total volatility	1.22	0.78	+0.44
Sortino ratio Return per unit of downside risk	1.63	1.16	+0.47
Omega ratio Gain probability vs. loss probability	1.25	1.17	+0.09
Calmar ratio Return relative to maximum drawdown	1.87	1.27	+0.60
Martin ratio Return relative to average drawdown	5.53	4.28	+1.24
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

KBWB vs. XDWF.DE - Sharpe Ratio Comparison

The current KBWB Sharpe Ratio is 1.22, which is higher than the XDWF.DE Sharpe Ratio of 0.78. The chart below compares the historical Sharpe Ratios of KBWB and XDWF.DE, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	KBWB	XDWF.DE	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.22	0.78	+0.44
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.31	0.70	-0.40
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.41	0.61	-0.20
Sharpe Ratio (All Time) Calculated using the full available price history	0.48	0.60	-0.12

Correlation

The correlation between KBWB and XDWF.DE is 0.64, 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.

Dividends

KBWB vs. XDWF.DE - Dividend Comparison

KBWB's dividend yield for the trailing twelve months is around 2.24%, while XDWF.DE has not paid dividends to shareholders.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
KBWB Invesco KBW Bank ETF	2.24%	2.04%	2.46%	3.20%	3.05%	2.13%	2.62%	2.38%	2.54%	1.35%	1.53%	1.53%
XDWF.DE Xtrackers MSCI World Financials UCITS ETF 1C	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Drawdowns

KBWB vs. XDWF.DE - Drawdown Comparison

The maximum KBWB drawdown since its inception was -50.27%, which is greater than XDWF.DE's maximum drawdown of -43.57%. Use the drawdown chart below to compare losses from any high point for KBWB and XDWF.DE.

Drawdown Indicators

	KBWB	XDWF.DE	Difference
Max Drawdown Largest peak-to-trough decline	-50.27%	-42.06%	-8.21%
Max Drawdown (1Y) Largest decline over 1 year	-16.38%	-14.92%	-1.46%
Max Drawdown (5Y) Largest decline over 5 years	-49.31%	-19.74%	-29.57%
Max Drawdown (10Y) Largest decline over 10 years	-50.27%	-42.06%	-8.21%
Current Drawdown Current decline from peak	-11.08%	-6.56%	-4.52%
Average Drawdown Average peak-to-trough decline	-11.82%	-6.11%	-5.71%
Ulcer Index Depth and duration of drawdowns from previous peaks	5.55%	3.22%	+2.33%

Volatility

KBWB vs. XDWF.DE - Volatility Comparison

Invesco KBW Bank ETF (KBWB) has a higher volatility of 6.74% compared to Xtrackers MSCI World Financials UCITS ETF 1C (XDWF.DE) at 5.77%. This indicates that KBWB's price experiences larger fluctuations and is considered to be riskier than XDWF.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	KBWB	XDWF.DE	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.74%	5.77%	+0.97%
Volatility (6M) Calculated over the trailing 6-month period	16.01%	10.77%	+5.24%
Volatility (1Y) Calculated over the trailing 1-year period	26.00%	18.78%	+7.22%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	26.66%	17.79%	+8.87%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	29.25%	19.53%	+9.72%