KBWD vs. MO
KBWD (Invesco KBW High Dividend Yield Financial ETF) is Financials Equities fund tracking the KBW Nasdaq Financial Sector Dividend Yield Index, while MO (Altria Group, Inc.) is a stock. Over the past 10 years, KBWD returned 5.25%/yr vs 7.93%/yr for MO. At a 0.32 correlation, their price movements are largely independent.
Performance
KBWD vs. MO - 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 MO's 26.86% return. Over the past 10 years, KBWD has underperformed MO with an annualized return of 5.25%, while MO has yielded a comparatively higher 7.93% 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%
MO
- 1D
- 0.74%
- 1M
- -0.65%
- YTD
- 26.86%
- 6M
- 26.78%
- 1Y
- 28.74%
- 3Y*
- 25.73%
- 5Y*
- 16.36%
- 10Y*
- 7.93%
KBWD vs. MO - 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% |
MO Altria Group, Inc. | 26.86% | 18.17% | 40.76% | -3.70% | 4.37% | 24.18% | -10.21% | 7.87% | -27.14% | 9.45% |
Correlation
The correlation between KBWD and MO is -0.02, 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 | -0.02 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.17 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.27 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.30 |
Correlation (All Time) Calculated using the full available price history since Dec 2, 2010 | 0.32 |
The correlation between KBWD and MO shifts across timeframes, from -0.02 (1 year) to 0.32 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
KBWD vs. MO — Risk / Return Rank
KBWD
MO
KBWD vs. MO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco KBW High Dividend Yield Financial ETF (KBWD) and Altria Group, Inc. (MO). 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 | MO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.14 | ||
| Sortino ratioReturn per unit of downside risk | -1.48 | ||
| Omega ratioGain probability vs. loss probability | 1.03 | 1.24 | -0.21 |
| Calmar ratioReturn relative to maximum drawdown | 0.13 | 1.75 | -1.62 |
| Martin ratioReturn relative to average drawdown | 0.32 | 4.39 | -4.07 |
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Drawdowns
KBWD vs. MO - Drawdown Comparison
The maximum KBWD drawdown since its inception was -58.63%, smaller than the maximum MO drawdown of -65.43%. Use the drawdown chart below to compare losses from any high point for KBWD and MO.
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Drawdown Indicators
| KBWD | MO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -58.63% | -65.43% | +6.80% |
Max Drawdown (1Y)Largest decline over 1 year | -15.05% | -16.40% | +1.35% |
Max Drawdown (3Y)Largest decline over 3 years | -19.65% | -16.40% | -3.25% |
Max Drawdown (5Y)Largest decline over 5 years | -30.74% | -25.83% | -4.91% |
Max Drawdown (10Y)Largest decline over 10 years | -58.63% | -53.69% | -4.94% |
Current DrawdownCurrent decline from peak | -10.58% | -3.50% | -7.08% |
Average DrawdownAverage peak-to-trough decline | -7.41% | -11.92% | +4.51% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.10% | 6.50% | -0.40% |
Volatility
KBWD vs. MO - Volatility Comparison
The current volatility for Invesco KBW High Dividend Yield Financial ETF (KBWD) is 4.70%, while Altria Group, Inc. (MO) has a volatility of 6.71%. This indicates that KBWD experiences smaller price fluctuations and is considered to be less risky than MO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| KBWD | MO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.70% | 6.71% | -2.01% |
Volatility (6M)Calculated over the trailing 6-month period | 12.36% | 17.60% | -5.24% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.59% | 22.59% | -7.00% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.89% | 20.68% | -0.79% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 23.25% | 22.97% | +0.28% |
Dividends
KBWD vs. MO - Dividend Comparison
KBWD's dividend yield for the trailing twelve months is around 14.14%, more than MO's 5.84% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
MO Altria Group, Inc. | 5.84% | 7.21% | 7.65% | 9.52% | 8.05% | 7.43% | 8.29% | 6.57% | 6.07% | 3.56% | 3.48% | 3.73% |
Frequently Asked Questions
KBWD and MO have a correlation of -0.02, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
MO has higher volatility (6.71%) compared to KBWD (4.70%). In terms of maximum drawdown, KBWD dropped -58.63% vs MO's -65.43%.
MO currently has the higher Sharpe Ratio (1.27 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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