KBWP vs. AMTR

Last updated Apr 1, 2026

Compare and contrast key facts about Invesco KBW Property & Casualty Insurance ETF (KBWP) and ETRACS Alerian Midstream Energy Total Return Index ETN (AMTR).

KBWP and AMTR are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. KBWP is a passively managed fund by Invesco that tracks the performance of the KBW Nasdaq Property & Casualty (TR). It was launched on Dec 2, 2010. AMTR is a passively managed fund by UBS that tracks the performance of the Alerian Midstream Energy Index. It was launched on Oct 20, 2020. Both KBWP and AMTR are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.

Performance

KBWP vs. AMTR - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Invesco KBW Property & Casualty Insurance ETF (KBWP) and ETRACS Alerian Midstream Energy Total Return Index ETN (AMTR). The values are adjusted to include any dividend payments, if applicable.

KBWP vs. AMTR - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020
KBWP Invesco KBW Property & Casualty Insurance ETF	-5.76%	11.49%	30.45%	7.09%	10.16%	20.61%	14.56%
AMTR ETRACS Alerian Midstream Energy Total Return Index ETN	0.00%	0.00%	44.68%	12.75%	20.41%	36.99%	15.24%

Returns By Period

KBWP

• 1D: 0.13%
• 1M: -5.12%
• YTD: -5.76%
• 6M: -2.54%
• 1Y: -2.65%
• 3Y*: 14.71%
• 5Y*: 11.89%
• 10Y*: 11.51%

AMTR

• 1D: —
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

KBWP vs. AMTR - Expense Ratio Comparison

KBWP has a 0.35% expense ratio, which is lower than AMTR's 0.75% expense ratio.

AMTR

ETRACS Alerian Midstream Energy Total Return Index ETN

KBWP

Invesco KBW Property & Casualty Insurance ETF

Return for Risk

KBWP vs. AMTR — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

KBWP

KBWP Risk / Return Rank: 9
KBWP Sharpe Ratio Rank: 9
KBWP Sortino Ratio Rank: 9
KBWP Omega Ratio Rank: 9
KBWP Calmar Ratio Rank: 10
KBWP Martin Ratio Rank: 9

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

KBWP vs. AMTR - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco KBW Property & Casualty Insurance ETF (KBWP) and ETRACS Alerian Midstream Energy Total Return Index ETN (AMTR). 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.

	KBWP	AMTR	Difference
Sharpe ratio Return per unit of total volatility	-0.14	—	—
Sortino ratio Return per unit of downside risk	-0.06	—	—
Omega ratio Gain probability vs. loss probability	0.99	—	—
Calmar ratio Return relative to maximum drawdown	-0.14	—	—
Martin ratio Return relative to average drawdown	-0.37	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	KBWP	AMTR	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.14	—	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.65	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.56	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.71	—	—

Correlation

The correlation between KBWP and AMTR is 0.41, 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.

Dividends

KBWP vs. AMTR - Dividend Comparison

KBWP's dividend yield for the trailing twelve months is around 1.97%, while AMTR has not paid dividends to shareholders.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
KBWP Invesco KBW Property & Casualty Insurance ETF	1.97%	1.58%	1.64%	1.68%	1.99%	3.02%	1.93%	1.99%	2.11%	1.90%	2.14%	1.35%
AMTR ETRACS Alerian Midstream Energy Total Return Index ETN	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Drawdowns

Drawdown Indicators

	KBWP	AMTR	Difference
Max Drawdown Largest peak-to-trough decline	-39.76%	—	—
Max Drawdown (1Y) Largest decline over 1 year	-11.59%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-17.00%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-39.76%	—	—
Current Drawdown Current decline from peak	-6.54%	—	—
Average Drawdown Average peak-to-trough decline	-4.35%	—	—
Ulcer Index Depth and duration of drawdowns from previous peaks	4.48%	—	—

Volatility

Volatility by Period

	KBWP	AMTR	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.31%	—	—
Volatility (6M) Calculated over the trailing 6-month period	11.79%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	19.27%	—	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.49%	—	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	20.65%	—	—