KBWD vs. ABBV
KBWD (Invesco KBW High Dividend Yield Financial ETF) is Financials Equities fund tracking the KBW Nasdaq Financial Sector Dividend Yield Index, while ABBV (AbbVie Inc.) is a stock. Over the past 10 years, KBWD returned 5.25%/yr vs 19.10%/yr for ABBV. At a 0.29 correlation, their price movements are largely independent.
Performance
KBWD vs. ABBV - Performance Comparison
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Returns By Period
In the year-to-date period, KBWD achieves a -3.74% return, which is significantly lower than ABBV's 1.30% return. Over the past 10 years, KBWD has underperformed ABBV with an annualized return of 5.25%, while ABBV has yielded a comparatively higher 19.10% annualized return.
KBWD
- 1D
- 0.80%
- 1M
- -1.25%
- YTD
- -3.74%
- 6M
- -4.15%
- 1Y
- 3.52%
- 3Y*
- 5.00%
- 5Y*
- 0.34%
- 10Y*
- 5.25%
ABBV
- 1D
- 1.32%
- 1M
- 8.05%
- YTD
- 1.30%
- 6M
- 3.65%
- 1Y
- 23.06%
- 3Y*
- 22.39%
- 5Y*
- 18.94%
- 10Y*
- 19.10%
KBWD vs. ABBV - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
KBWD Invesco KBW High Dividend Yield Financial ETF | -3.74% | 5.59% | 4.30% | 20.21% | -19.14% | 31.89% | -15.58% | 20.72% | -8.70% | 12.06% |
ABBV AbbVie Inc. | 1.30% | 33.08% | 18.86% | -0.23% | 24.01% | 32.43% | 27.72% | 1.47% | -0.96% | 60.07% |
Correlation
The correlation between KBWD and ABBV is 0.12, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.12 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.21 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.22 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.26 |
Correlation (All Time) Calculated using the full available price history since Jan 2, 2013 | 0.29 |
The correlation between KBWD and ABBV shifts across timeframes, from 0.12 (1 year) to 0.29 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
KBWD vs. ABBV — Risk / Return Rank
KBWD
ABBV
KBWD vs. ABBV - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco KBW High Dividend Yield Financial ETF (KBWD) and AbbVie Inc. (ABBV). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| KBWD | ABBV | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.79 | ||
| Sortino ratioReturn per unit of downside risk | -1.13 | ||
| Omega ratioGain probability vs. loss probability | 1.03 | 1.18 | -0.14 |
| Calmar ratioReturn relative to maximum drawdown | 0.13 | 1.29 | -1.16 |
| Martin ratioReturn relative to average drawdown | 0.32 | 2.88 | -2.56 |
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Drawdowns
KBWD vs. ABBV - Drawdown Comparison
The maximum KBWD drawdown since its inception was -58.63%, which is greater than ABBV's maximum drawdown of -45.09%. Use the drawdown chart below to compare losses from any high point for KBWD and ABBV.
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Drawdown Indicators
| KBWD | ABBV | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -58.63% | -45.09% | -13.54% |
Max Drawdown (1Y)Largest decline over 1 year | -15.05% | -17.32% | +2.27% |
Max Drawdown (3Y)Largest decline over 3 years | -19.65% | -20.74% | +1.09% |
Max Drawdown (5Y)Largest decline over 5 years | -30.74% | -21.92% | -8.82% |
Max Drawdown (10Y)Largest decline over 10 years | -58.63% | -45.09% | -13.54% |
Current DrawdownCurrent decline from peak | -10.58% | -4.60% | -5.98% |
Average DrawdownAverage peak-to-trough decline | -7.41% | -10.71% | +3.30% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.10% | 7.75% | -1.65% |
Volatility
KBWD vs. ABBV - Volatility Comparison
The current volatility for Invesco KBW High Dividend Yield Financial ETF (KBWD) is 4.70%, while AbbVie Inc. (ABBV) has a volatility of 6.10%. This indicates that KBWD experiences smaller price fluctuations and is considered to be less risky than ABBV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| KBWD | ABBV | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.70% | 6.10% | -1.40% |
Volatility (6M)Calculated over the trailing 6-month period | 12.36% | 17.85% | -5.49% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.59% | 24.31% | -8.72% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.89% | 22.89% | -3.00% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 23.25% | 25.73% | -2.48% |
Dividends
KBWD vs. ABBV - Dividend Comparison
KBWD's dividend yield for the trailing twelve months is around 14.14%, more than ABBV's 2.96% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ABBV AbbVie Inc. | 2.96% | 2.87% | 3.49% | 3.82% | 3.49% | 3.84% | 4.41% | 4.83% | 3.89% | 2.65% | 3.64% | 3.41% |
KBWD Invesco KBW High Dividend Yield Financial ETF | 14.14% | 12.83% | 12.45% | 11.45% | 11.32% | 7.26% | 9.68% | 8.63% | 9.47% | 8.77% | 8.68% | 8.89% |
Frequently Asked Questions
KBWD and ABBV have a correlation of 0.12, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
ABBV has higher volatility (6.10%) compared to KBWD (4.70%). In terms of maximum drawdown, KBWD dropped -58.63% vs ABBV's -45.09%.
ABBV currently has the higher Sharpe Ratio (0.92 vs 0.13), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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