KBWD vs. DX
Compare and contrast key facts about Invesco KBW High Dividend Yield Financial ETF (KBWD) and Dynex Capital, Inc. (DX).
KBWD is a passively managed fund by Invesco that tracks the performance of the KBW Nasdaq Financial Sector Dividend Yield Index. It was launched on Dec 2, 2010.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: KBWD or DX.
Performance
KBWD vs. DX - Performance Comparison
Returns By Period
In the year-to-date period, KBWD achieves a 6.17% return, which is significantly lower than DX's 10.15% return. Both investments have delivered pretty close results over the past 10 years, with KBWD having a 4.28% annualized return and DX not far ahead at 4.45%.
KBWD
6.17%
1.45%
3.49%
16.67%
3.57%
4.28%
DX
10.15%
-0.09%
6.33%
23.75%
5.32%
4.45%
Key characteristics
| KBWD | DX | |
|---|---|---|
| Sharpe Ratio | 0.93 | 1.16 |
| Sortino Ratio | 1.33 | 1.61 |
| Omega Ratio | 1.17 | 1.21 |
| Calmar Ratio | 1.02 | 0.40 |
| Martin Ratio | 3.77 | 7.07 |
| Ulcer Index | 4.21% | 3.35% |
| Daily Std Dev | 17.00% | 20.31% |
| Max Drawdown | -58.63% | -99.12% |
| Current Drawdown | -2.62% | -48.92% |
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Correlation
The correlation between KBWD and DX is 0.67, 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.
Risk-Adjusted Performance
KBWD vs. DX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco KBW High Dividend Yield Financial ETF (KBWD) and Dynex Capital, Inc. (DX). 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
KBWD vs. DX - Dividend Comparison
KBWD's dividend yield for the trailing twelve months is around 12.08%, less than DX's 12.57% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
KBWD Invesco KBW High Dividend Yield Financial ETF | 12.08% | 11.46% | 11.31% | 7.27% | 9.66% | 8.64% | 9.47% | 8.78% | 8.68% | 8.89% | 8.31% | 7.68% |
DX Dynex Capital, Inc. | 11.52% | 12.46% | 12.26% | 9.34% | 9.33% | 11.87% | 12.59% | 10.27% | 12.32% | 15.12% | 12.12% | 14.00% |
Drawdowns
KBWD vs. DX - Drawdown Comparison
The maximum KBWD drawdown since its inception was -58.63%, smaller than the maximum DX drawdown of -99.12%. Use the drawdown chart below to compare losses from any high point for KBWD and DX. For additional features, visit the drawdowns tool.
Volatility
KBWD vs. DX - Volatility Comparison
Invesco KBW High Dividend Yield Financial ETF (KBWD) has a higher volatility of 4.69% compared to Dynex Capital, Inc. (DX) at 4.11%. This indicates that KBWD's price experiences larger fluctuations and is considered to be riskier than DX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.