KBWD vs. SPHD
Compare and contrast key facts about Invesco KBW High Dividend Yield Financial ETF (KBWD) and Invesco S&P 500® High Dividend Low Volatility ETF (SPHD).
KBWD and SPHD 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. SPHD is a passively managed fund by Invesco that tracks the performance of the S&P Low Volatility High Dividend index. It was launched on Oct 18, 2012. Both KBWD and SPHD 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 SPHD.
Performance
KBWD vs. SPHD - Performance Comparison
Returns By Period
In the year-to-date period, KBWD achieves a 8.21% return, which is significantly lower than SPHD's 23.98% return. Over the past 10 years, KBWD has underperformed SPHD with an annualized return of 4.39%, while SPHD has yielded a comparatively higher 8.89% annualized return.
KBWD
8.21%
4.23%
6.51%
18.59%
3.96%
4.39%
SPHD
23.98%
0.97%
16.96%
32.94%
7.95%
8.89%
Key characteristics
| KBWD | SPHD | |
|---|---|---|
| Sharpe Ratio | 1.09 | 3.00 |
| Sortino Ratio | 1.52 | 4.27 |
| Omega Ratio | 1.19 | 1.55 |
| Calmar Ratio | 1.19 | 2.46 |
| Martin Ratio | 4.41 | 20.70 |
| Ulcer Index | 4.21% | 1.63% |
| Daily Std Dev | 17.03% | 11.21% |
| Max Drawdown | -58.63% | -41.39% |
| Current Drawdown | -0.74% | 0.00% |
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KBWD vs. SPHD - Expense Ratio Comparison
KBWD has a 1.24% expense ratio, which is higher than SPHD's 0.30% expense ratio.
Correlation
The correlation between KBWD and SPHD is 0.71, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Risk-Adjusted Performance
KBWD vs. SPHD - 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 S&P 500® High Dividend Low Volatility ETF (SPHD). 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. SPHD - Dividend Comparison
KBWD's dividend yield for the trailing twelve months is around 11.85%, more than SPHD's 3.30% 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% |
SPHD Invesco S&P 500® High Dividend Low Volatility ETF | 3.30% | 4.48% | 3.89% | 3.46% | 4.89% | 4.07% | 4.40% | 3.14% | 3.83% | 3.49% | 3.24% | 3.68% |
Drawdowns
KBWD vs. SPHD - Drawdown Comparison
The maximum KBWD drawdown since its inception was -58.63%, which is greater than SPHD's maximum drawdown of -41.39%. Use the drawdown chart below to compare losses from any high point for KBWD and SPHD. For additional features, visit the drawdowns tool.
Volatility
KBWD vs. SPHD - Volatility Comparison
Invesco KBW High Dividend Yield Financial ETF (KBWD) has a higher volatility of 4.77% compared to Invesco S&P 500® High Dividend Low Volatility ETF (SPHD) at 2.87%. This indicates that KBWD's price experiences larger fluctuations and is considered to be riskier than SPHD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.