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KBWD vs. KWT
Performance
Return for Risk
Drawdowns
Volatility
Dividends

KBWD vs. KWT

Last updated Aug 2, 2026
Documentation

KBWD (Invesco KBW High Dividend Yield Financial ETF) and KWT (iShares MSCI Kuwait ETF) are both Financials Equities funds - KBWD tracks the KBW Nasdaq Financial Sector Dividend Yield Index while KWT tracks the MSCI All Kuwait Select Size Liquidity Capped Index. Both are passively managed. Over the past 5 years, KBWD returned 0.90%/yr vs 8.09%/yr for KWT. Their 0.33 correlation means their historical movements had little consistent relationship. KBWD charges 5.39%/yr vs 0.74%/yr for KWT.

Performance

KBWD vs. KWT - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Invesco KBW High Dividend Yield Financial ETF (KBWD) and iShares MSCI Kuwait ETF (KWT). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, KBWD achieves a -5.22% return, which is significantly lower than KWT's -2.07% return.

KBWD

1D
-0.75%
1M
-2.41%
6M
-7.83%
YTD
-5.22%
1Y
0.00%
3Y*
1.98%
5Y*
0.90%
10Y*
4.42%
ALL TIME*
5.57%

KWT

1D
0.81%
1M
0.56%
6M
2.34%
YTD
-2.07%
1Y
0.72%
3Y*
8.77%
5Y*
8.09%
10Y*
—
ALL TIME*
11.70%
*Multi-year figures are annualized to reflect compound growth (CAGR)

Liquidity Comparison

PositionAvg. Volume Value (2W)Avg. Volume Value (1M)Avg. Volume Value (3M)

KBWD

Invesco KBW High Dividend Yield Financial ETF
$5.79M$4.78M$4.61M

KWT

iShares MSCI Kuwait ETF
$573.11K$324.38K$212.27K

KBWD vs. KWT - Yearly Performance Comparison

2026 (YTD)202520242023202220212020
KBWD
Invesco KBW High Dividend Yield Financial ETF		-5.22%5.59%4.30%20.21%-19.14%31.89%23.18%
KWT
iShares MSCI Kuwait ETF		-2.07%25.38%11.29%-4.71%5.16%30.73%7.37%

Correlation

The correlation between KBWD and KWT is 0.19, which is low. Their historical price movements had little consistent relationship.

Correlation
Correlation (1Y)
Focuses on recent behavior, but can change the most.

0.19

Correlation (3Y)
Balances recent behavior with more history.

0.27

Correlation (5Y)
Shows whether the relationship held over a longer period.

0.31

Correlation (All Time)
Calculated using the full available price history since Sep 3, 2020

0.33

The correlation between KBWD and KWT shifts across timeframes, from 0.19 (1 year) to 0.33 (all time), reflecting how their relationship changes across market environments.

KBWD vs. KWT - Sectors Allocation Comparison

Sectors
KBWD
KWT

Financial Services

57.3%
65.3%

Real Estate

42.7%
11.6%

Basic Materials

-

2.1%

Communication Services

-

6.6%

Consumer Cyclical

-

1.6%

Consumer Defensive

-

2.5%

Energy

-

-

Healthcare

-

-

Industrials

-

9.7%

Technology

-

-

Utilities

-

0.6%

Financial Services

KBWD
57.3%
KWT
65.3%

Real Estate

KBWD
42.7%
KWT
11.6%

Basic Materials

KBWD

-

KWT
2.1%

Communication Services

KBWD

-

KWT
6.6%

Consumer Cyclical

KBWD

-

KWT
1.6%

Consumer Defensive

KBWD

-

KWT
2.5%

Energy

KBWD

-

KWT

-

Healthcare

KBWD

-

KWT

-

Industrials

KBWD

-

KWT
9.7%

Technology

KBWD

-

KWT

-

Utilities

KBWD

-

KWT
0.6%

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

Invesco KBW High Dividend Yield Financial ETF

iShares MSCI Kuwait ETF

Often compared with KBWD:
KBWD vs. SCHDKBWD vs. JEPIKBWD vs. PGXKBWD vs. RIETKBWD vs. DXKBWD vs. SPYKBWD vs. SPHD
Often compared with KWT:
KWT vs. FLSAKWT vs. RAYSKWT vs. TANKWT vs. VOOKWT vs. SPYKWT vs. ESPOKWT vs. SCHD

Return for Risk

KBWD vs. KWT — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.
KBWD
KBWD Risk / Return Rank: 1010
Overall Rank
KBWD Sharpe Ratio Rank: 1010
Sharpe Ratio Rank
KBWD Sortino Ratio Rank: 1010
Sortino Ratio Rank
KBWD Omega Ratio Rank: 1010
Omega Ratio Rank
KBWD Calmar Ratio Rank: 1010
Calmar Ratio Rank
KBWD Martin Ratio Rank: 1010
Martin Ratio Rank
KWT
KWT Risk / Return Rank: 1111
Overall Rank
KWT Sharpe Ratio Rank: 1111
Sharpe Ratio Rank
KWT Sortino Ratio Rank: 1010
Sortino Ratio Rank
KWT Omega Ratio Rank: 1111
Omega Ratio Rank
KWT Calmar Ratio Rank: 1111
Calmar Ratio Rank
KWT Martin Ratio Rank: 1111
Martin Ratio Rank
The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

KBWD vs. KWT - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco KBW High Dividend Yield Financial ETF (KBWD) and iShares MSCI Kuwait ETF (KWT). 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.

KBWDKWTDifference
Sharpe ratioReturn per unit of total volatility
-0.04
0.02

-0.06

Sortino ratioReturn per unit of downside risk
0.06
0.13

-0.07

Omega ratioGain probability vs. loss probability

1.01

1.02

-0.01

Calmar ratioReturn relative to maximum drawdown

-0.04

0.03

-0.07

Martin ratioReturn relative to average drawdown

-0.08

0.06

-0.14

KBWD vs. KWT - Sharpe Ratio Comparison

The current KBWD Sharpe Ratio is -0.04, which is lower than the KWT Sharpe Ratio of 0.02. The chart below compares the historical Sharpe Ratios of KBWD and KWT, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Drawdowns

KBWD vs. KWT - Drawdown Comparison

The maximum KBWD drawdown since its inception was -58.63%, which is greater than KWT's maximum drawdown of -24.37%. Use the drawdown chart below to compare losses from any high point for KBWD and KWT.

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Drawdown Indicators

KBWDKWTDifference

Max Drawdown

Largest peak-to-trough decline

-58.63%

-24.37%

-34.26%

Max Drawdown (1Y)

Largest decline over 1 year

-15.05%

-11.54%

-3.51%

Max Drawdown (3Y)

Largest decline over 3 years

-19.65%

-12.58%

-7.07%

Max Drawdown (5Y)

Largest decline over 5 years

-30.74%

-24.37%

-6.37%

Max Drawdown (10Y)

Largest decline over 10 years

-58.63%

—

—

Current Drawdown

Current decline from peak

-11.95%

-6.80%

-5.15%

Average Drawdown

Average peak-to-trough decline

-7.44%

-7.29%

-0.15%

Ulcer Index

Depth and duration of drawdowns from previous peaks

7.19%

5.56%

+1.63%

Volatility

KBWD vs. KWT - Volatility Comparison

Invesco KBW High Dividend Yield Financial ETF (KBWD) has a higher volatility of 4.54% compared to iShares MSCI Kuwait ETF (KWT) at 2.59%. This indicates that KBWD's price experiences larger fluctuations and is considered to be riskier than KWT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

KBWDKWTDifference

Volatility (1M)

Calculated over the trailing 1-month period

4.54%

2.59%

+1.95%

Volatility (6M)

Calculated over the trailing 6-month period

12.49%

9.95%

+2.54%

Volatility (1Y)

Calculated over the trailing 1-year period

15.87%

13.36%

+2.51%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

19.78%

13.60%

+6.18%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

23.26%

13.88%

+9.38%

KBWD vs. KWT - Expense Ratio Comparison

KBWD has a 5.39% expense ratio, which is higher than KWT's 0.74% expense ratio.

Dividends

KBWD vs. KWT - Dividend Comparison

KBWD's dividend yield for the trailing twelve months is around 14.50%, more than KWT's 5.62% yield.

PositionTTM20252024202320222021202020192018201720162015
KBWD
Invesco KBW High Dividend Yield Financial ETF		14.50%12.83%12.45%11.45%11.32%7.26%9.68%8.63%9.47%8.77%8.68%8.89%
KWT
iShares MSCI Kuwait ETF		5.62%5.40%6.09%2.25%5.87%7.65%0.27%0.00%0.00%0.00%0.00%0.00%

Frequently Asked Questions

KBWD and KWT have a correlation of 0.19, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

KBWD has higher volatility (4.54%) compared to KWT (2.59%). In terms of maximum drawdown, KBWD dropped -58.63% vs KWT's -24.37%.

On 5-year performance, KWT leads with 8.09% vs 0.90% for KBWD. On fees, KWT is cheaper at 0.74% per year. On volatility, KWT has been the lower-risk option at 2.59%. The better choice depends on whether you care most about return, fees, risk, or income.

Over the 5-year period, KWT has performed better with a 8.09% return vs 0.90%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

KWT is cheaper with a 0.74% expense ratio, compared with 5.39% for KBWD.

KBWD has the higher dividend yield at 14.50%, compared with 5.62% for KWT.

KBWD tracks KBW Nasdaq Financial Sector Dividend Yield Index, while KWT tracks MSCI All Kuwait Select Size Liquidity Capped Index. They also come from different issuers: Invesco and iShares. Their fees differ too: 5.39% for KBWD and 0.74% for KWT.

KWT currently has the higher Sharpe Ratio (0.02 vs -0.04), 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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