KBWD vs. DVN
KBWD (Invesco KBW High Dividend Yield Financial ETF) is Financials Equities fund tracking the KBW Nasdaq Financial Sector Dividend Yield Index, while DVN (Devon Energy Corporation) is a stock. Over the past 10 years, KBWD returned 5.25%/yr vs 6.14%/yr for DVN. At a 0.45 correlation, their price movements are largely independent.
Performance
KBWD vs. DVN - 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 DVN's 24.34% return. Over the past 10 years, KBWD has underperformed DVN with an annualized return of 5.25%, while DVN has yielded a comparatively higher 6.14% 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%
DVN
- 1D
- 1.57%
- 1M
- -3.39%
- YTD
- 24.34%
- 6M
- 22.17%
- 1Y
- 35.40%
- 3Y*
- -0.45%
- 5Y*
- 14.12%
- 10Y*
- 6.14%
KBWD vs. DVN - 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% |
DVN Devon Energy Corporation | 24.34% | 15.03% | -25.21% | -23.08% | 50.86% | 199.88% | -35.34% | 16.81% | -45.09% | -8.74% |
Correlation
The correlation between KBWD and DVN is 0.01, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.01 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.25 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.37 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.43 |
Correlation (All Time) Calculated using the full available price history since Dec 2, 2010 | 0.45 |
Over the past year, the correlation between KBWD and DVN has dropped to 0.01 - well below their long-term average of 0.45, suggesting their price drivers have been diverging.
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Return for Risk
KBWD vs. DVN — Risk / Return Rank
KBWD
DVN
KBWD vs. DVN - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco KBW High Dividend Yield Financial ETF (KBWD) and Devon Energy Corporation (DVN). 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 | DVN | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.92 | ||
| Sortino ratioReturn per unit of downside risk | -1.28 | ||
| Omega ratioGain probability vs. loss probability | 1.03 | 1.19 | -0.16 |
| Calmar ratioReturn relative to maximum drawdown | 0.13 | 2.31 | -2.18 |
| Martin ratioReturn relative to average drawdown | 0.32 | 5.17 | -4.85 |
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Drawdowns
KBWD vs. DVN - Drawdown Comparison
The maximum KBWD drawdown since its inception was -58.63%, smaller than the maximum DVN drawdown of -94.93%. Use the drawdown chart below to compare losses from any high point for KBWD and DVN.
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Drawdown Indicators
| KBWD | DVN | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -58.63% | -94.93% | +36.30% |
Max Drawdown (1Y)Largest decline over 1 year | -15.05% | -15.36% | +0.31% |
Max Drawdown (3Y)Largest decline over 3 years | -19.65% | -49.22% | +29.57% |
Max Drawdown (5Y)Largest decline over 5 years | -30.74% | -61.45% | +30.71% |
Max Drawdown (10Y)Largest decline over 10 years | -58.63% | -88.51% | +29.88% |
Current DrawdownCurrent decline from peak | -10.58% | -42.02% | +31.44% |
Average DrawdownAverage peak-to-trough decline | -7.41% | -35.93% | +28.52% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.10% | 6.86% | -0.76% |
Volatility
KBWD vs. DVN - Volatility Comparison
The current volatility for Invesco KBW High Dividend Yield Financial ETF (KBWD) is 4.70%, while Devon Energy Corporation (DVN) has a volatility of 12.66%. This indicates that KBWD experiences smaller price fluctuations and is considered to be less risky than DVN based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| KBWD | DVN | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.70% | 12.66% | -7.96% |
Volatility (6M)Calculated over the trailing 6-month period | 12.36% | 26.63% | -14.27% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.59% | 34.17% | -18.58% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.89% | 41.13% | -21.24% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 23.25% | 49.62% | -26.37% |
Dividends
KBWD vs. DVN - Dividend Comparison
KBWD's dividend yield for the trailing twelve months is around 14.14%, more than DVN's 2.12% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DVN Devon Energy Corporation | 1.59% | 2.62% | 4.43% | 4.55% | 8.41% | 5.24% | 4.30% | 1.35% | 1.33% | 0.58% | 0.92% | 3.00% |
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 DVN have a correlation of 0.01, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
DVN has higher volatility (12.66%) compared to KBWD (4.70%). In terms of maximum drawdown, KBWD dropped -58.63% vs DVN's -94.93%.
DVN currently has the higher Sharpe Ratio (1.04 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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