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KBWD vs. SPHD
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

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.


-0.50.00.51.00.7

Performance

KBWD vs. SPHD - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Invesco KBW High Dividend Yield Financial ETF (KBWD) and Invesco S&P 500® High Dividend Low Volatility ETF (SPHD). The values are adjusted to include any dividend payments, if applicable.

0.00%5.00%10.00%15.00%JulyAugustSeptemberOctoberNovemberDecember
4.05%
9.77%
KBWD
SPHD

Key characteristics

Sharpe Ratio

KBWD:

0.29

SPHD:

1.73

Sortino Ratio

KBWD:

0.49

SPHD:

2.47

Omega Ratio

KBWD:

1.06

SPHD:

1.31

Calmar Ratio

KBWD:

0.35

SPHD:

1.95

Martin Ratio

KBWD:

1.15

SPHD:

9.73

Ulcer Index

KBWD:

4.27%

SPHD:

1.97%

Daily Std Dev

KBWD:

16.79%

SPHD:

11.13%

Max Drawdown

KBWD:

-58.63%

SPHD:

-41.39%

Current Drawdown

KBWD:

-4.64%

SPHD:

-6.98%

Returns By Period

In the year-to-date period, KBWD achieves a 4.12% return, which is significantly lower than SPHD's 17.32% return. Over the past 10 years, KBWD has underperformed SPHD with an annualized return of 4.14%, while SPHD has yielded a comparatively higher 8.05% annualized return.


KBWD

YTD

4.12%

1M

-1.92%

6M

4.05%

1Y

3.41%

5Y*

2.44%

10Y*

4.14%

SPHD

YTD

17.32%

1M

-3.82%

6M

9.79%

1Y

19.21%

5Y*

6.20%

10Y*

8.05%

Compare stocks, funds, or ETFs

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


KBWD vs. SPHD - Expense Ratio Comparison

KBWD has a 1.24% expense ratio, which is higher than SPHD's 0.30% expense ratio.


KBWD
Invesco KBW High Dividend Yield Financial ETF
Expense ratio chart for KBWD: current value at 1.24% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%1.24%
Expense ratio chart for SPHD: current value at 0.30% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.30%

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.


Sharpe ratio
The chart of Sharpe ratio for KBWD, currently valued at 0.29, compared to the broader market0.002.004.000.291.73
The chart of Sortino ratio for KBWD, currently valued at 0.49, compared to the broader market-2.000.002.004.006.008.0010.000.492.47
The chart of Omega ratio for KBWD, currently valued at 1.06, compared to the broader market0.501.001.502.002.503.001.061.31
The chart of Calmar ratio for KBWD, currently valued at 0.35, compared to the broader market0.005.0010.0015.000.351.95
The chart of Martin ratio for KBWD, currently valued at 1.15, compared to the broader market0.0020.0040.0060.0080.00100.001.159.73
KBWD
SPHD

The current KBWD Sharpe Ratio is 0.29, which is lower than the SPHD Sharpe Ratio of 1.73. The chart below compares the historical Sharpe Ratios of KBWD and SPHD, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.


Rolling 12-month Sharpe Ratio0.000.501.001.502.002.503.003.50JulyAugustSeptemberOctoberNovemberDecember
0.29
1.73
KBWD
SPHD

Dividends

KBWD vs. SPHD - Dividend Comparison

KBWD's dividend yield for the trailing twelve months is around 11.37%, more than SPHD's 3.13% yield.


TTM20232022202120202019201820172016201520142013
KBWD
Invesco KBW High Dividend Yield Financial ETF
11.37%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
3.13%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.


-8.00%-6.00%-4.00%-2.00%0.00%JulyAugustSeptemberOctoberNovemberDecember
-4.64%
-6.98%
KBWD
SPHD

Volatility

KBWD vs. SPHD - Volatility Comparison

Invesco KBW High Dividend Yield Financial ETF (KBWD) has a higher volatility of 4.58% compared to Invesco S&P 500® High Dividend Low Volatility ETF (SPHD) at 3.61%. 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.


2.00%3.00%4.00%5.00%6.00%7.00%JulyAugustSeptemberOctoberNovemberDecember
4.58%
3.61%
KBWD
SPHD
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Disclaimer

The information contained herein does not constitute investment advice and made available for educational purposes only. Prices and returns on equities are listed without consideration of fees, commissions, taxes, penalties, or interest payable due to purchasing, holding, or selling.

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