KBWD vs. QQQ
Compare and contrast key facts about Invesco KBW High Dividend Yield Financial ETF (KBWD) and Invesco QQQ (QQQ).
KBWD and QQQ are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. 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. QQQ is a passively managed fund by Invesco that tracks the performance of the NASDAQ-100 Index. It was launched on Mar 10, 1999. Both KBWD and QQQ are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: KBWD or QQQ.
Performance
KBWD vs. QQQ - Performance Comparison
Returns By Period
In the year-to-date period, KBWD achieves a 8.21% return, which is significantly lower than QQQ's 24.04% return. Over the past 10 years, KBWD has underperformed QQQ with an annualized return of 4.39%, while QQQ has yielded a comparatively higher 18.03% annualized return.
KBWD
8.21%
4.23%
6.51%
18.59%
3.96%
4.39%
QQQ
24.04%
3.57%
10.78%
30.56%
20.99%
18.03%
Key characteristics
| KBWD | QQQ | |
|---|---|---|
| Sharpe Ratio | 1.09 | 1.76 |
| Sortino Ratio | 1.52 | 2.35 |
| Omega Ratio | 1.19 | 1.32 |
| Calmar Ratio | 1.19 | 2.25 |
| Martin Ratio | 4.41 | 8.18 |
| Ulcer Index | 4.21% | 3.74% |
| Daily Std Dev | 17.03% | 17.36% |
| Max Drawdown | -58.63% | -82.98% |
| Current Drawdown | -0.74% | -1.62% |
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KBWD vs. QQQ - Expense Ratio Comparison
KBWD has a 1.24% expense ratio, which is higher than QQQ's 0.20% expense ratio.
Correlation
The correlation between KBWD and QQQ is 0.54, 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. QQQ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco KBW High Dividend Yield Financial ETF (KBWD) and Invesco QQQ (QQQ). 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. QQQ - Dividend Comparison
KBWD's dividend yield for the trailing twelve months is around 11.85%, more than QQQ's 0.60% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
KBWD Invesco KBW High Dividend Yield Financial ETF | 11.85% | 11.46% | 11.31% | 7.27% | 9.66% | 8.64% | 9.47% | 8.78% | 8.68% | 8.89% | 8.31% | 7.68% |
QQQ Invesco QQQ | 0.60% | 0.62% | 0.80% | 0.43% | 0.55% | 0.74% | 0.91% | 0.84% | 1.06% | 0.99% | 1.41% | 1.02% |
Drawdowns
KBWD vs. QQQ - Drawdown Comparison
The maximum KBWD drawdown since its inception was -58.63%, smaller than the maximum QQQ drawdown of -82.98%. Use the drawdown chart below to compare losses from any high point for KBWD and QQQ. For additional features, visit the drawdowns tool.
Volatility
KBWD vs. QQQ - Volatility Comparison
The current volatility for Invesco KBW High Dividend Yield Financial ETF (KBWD) is 4.77%, while Invesco QQQ (QQQ) has a volatility of 5.36%. This indicates that KBWD experiences smaller price fluctuations and is considered to be less risky than QQQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.