KBWP vs. EGGY

Last updated Jun 3, 2026

KBWP (Invesco KBW Property & Casualty Insurance ETF) and EGGY (NestYield Dynamic Income ETF) are both exchange-traded funds - KBWP is a Financials Equities fund tracking the KBW Nasdaq Property & Casualty (TR), while EGGY is a Derivative Income fund actively managed by NestYield. KBWP is passively managed, while EGGY is actively managed. Over the past year, KBWP returned -6.56% vs 54.91% for EGGY. At a correlation of -0.17, they often move in opposite directions. KBWP charges 0.35%/yr vs 0.95%/yr for EGGY.

Performance

KBWP vs. EGGY - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Invesco KBW Property & Casualty Insurance ETF (KBWP) and NestYield Dynamic Income ETF (EGGY). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, KBWP achieves a -8.05% return, which is significantly lower than EGGY's 40.45% return.

KBWP

• 1D: 0.13%
• 1M: -2.49%
• YTD: -8.05%
• 6M: -4.56%
• 1Y: -6.56%
• 3Y*: 14.80%
• 5Y*: 10.19%
• 10Y*: 11.32%

EGGY

• 1D: 4.65%
• 1M: 18.68%
• YTD: 40.45%
• 6M: 39.14%
• 1Y: 54.91%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

KBWP vs. EGGY - Yearly Performance Comparison

	2026 (YTD)	2025	2024
KBWP Invesco KBW Property & Casualty Insurance ETF	-8.05%	11.49%	0.03%
EGGY NestYield Dynamic Income ETF	40.45%	16.46%	-1.22%

Correlation

The correlation between KBWP and EGGY is -0.27, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	-0.27
Correlation (All Time) Calculated using the full available price history since Dec 30, 2024	-0.17

The correlation between KBWP and EGGY shifts across timeframes, from -0.27 (1 year) to -0.17 (all time), reflecting how their relationship changes across market environments.

Return for Risk

KBWP vs. EGGY — Risk / Return Rank

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

KBWP

KBWP Risk / Return Rank: 4
KBWP Sharpe Ratio Rank: 5
KBWP Sortino Ratio Rank: 5
KBWP Omega Ratio Rank: 5
KBWP Calmar Ratio Rank: 3
KBWP Martin Ratio Rank: 3

EGGY

EGGY Risk / Return Rank: 53
EGGY Sharpe Ratio Rank: 55
EGGY Sortino Ratio Rank: 47
EGGY Omega Ratio Rank: 54
EGGY Calmar Ratio Rank: 62
EGGY Martin Ratio Rank: 47

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. EGGY - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco KBW Property & Casualty Insurance ETF (KBWP) and NestYield Dynamic Income ETF (EGGY). 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	EGGY	Difference
Sharpe ratio Return per unit of total volatility	-0.41	1.90	-2.31
Sortino ratio Return per unit of downside risk	-0.45	2.32	-2.77
Omega ratio Gain probability vs. loss probability	0.95	1.34	-0.39
Calmar ratio Return relative to maximum drawdown	-0.60	3.06	-3.67
Martin ratio Return relative to average drawdown	-1.19	7.74	-8.93
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

KBWP vs. EGGY - Sharpe Ratio Comparison

The current KBWP Sharpe Ratio is -0.41, which is lower than the EGGY Sharpe Ratio of 1.90. The chart below compares the historical Sharpe Ratios of KBWP and EGGY, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	KBWP	EGGY	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.41	1.90	-2.31
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.55	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.55	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.69	1.41	-0.72

Drawdowns

KBWP vs. EGGY - Drawdown Comparison

The maximum KBWP drawdown since its inception was -39.76%, which is greater than EGGY's maximum drawdown of -18.34%. Use the drawdown chart below to compare losses from any high point for KBWP and EGGY.

Drawdown Indicators

	KBWP	EGGY	Difference
Max Drawdown Largest peak-to-trough decline	-39.76%	-18.34%	-21.42%
Max Drawdown (1Y) Largest decline over 1 year	-9.41%	-18.34%	+8.93%
Max Drawdown (3Y) Largest decline over 3 years	-12.29%	—	—
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	-8.81%	0.00%	-8.81%
Average Drawdown Average peak-to-trough decline	-4.36%	-5.26%	+0.90%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.78%	7.26%	-2.48%

Volatility

KBWP vs. EGGY - Volatility Comparison

The current volatility for Invesco KBW Property & Casualty Insurance ETF (KBWP) is 4.10%, while NestYield Dynamic Income ETF (EGGY) has a volatility of 12.46%. This indicates that KBWP experiences smaller price fluctuations and is considered to be less risky than EGGY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	KBWP	EGGY	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.10%	12.46%	-8.36%
Volatility (6M) Calculated over the trailing 6-month period	11.41%	23.89%	-12.48%
Volatility (1Y) Calculated over the trailing 1-year period	16.21%	29.04%	-12.83%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.52%	28.65%	-10.13%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	20.70%	28.65%	-7.95%

KBWP vs. EGGY - Expense Ratio Comparison

KBWP has a 0.35% expense ratio, which is lower than EGGY's 0.95% expense ratio.

Dividends

KBWP vs. EGGY - Dividend Comparison

KBWP's dividend yield for the trailing twelve months is around 2.02%, less than EGGY's 25.40% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
EGGY NestYield Dynamic Income ETF	25.40%	28.26%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
KBWP Invesco KBW Property & Casualty Insurance ETF	2.02%	1.58%	1.64%	1.68%	1.99%	3.02%	1.93%	1.99%	2.11%	1.90%	2.14%	1.35%

Frequently Asked Questions

Can I hold both KBWP and EGGY in my portfolio?

KBWP and EGGY have a correlation of -0.27, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, KBWP or EGGY?

EGGY has higher volatility (12.46%) compared to KBWP (4.10%). In terms of maximum drawdown, KBWP dropped -39.76% vs EGGY's -18.34%.

Which ETF is better, KBWP or EGGY?

On 1-year performance, EGGY leads with 54.91% vs -6.56% for KBWP. On fees, KBWP is cheaper at 0.35% per year. On volatility, KBWP has been the lower-risk option at 4.10%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, KBWP or EGGY?

Over the 1-year period, EGGY has performed better with a 54.91% return vs -6.56%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, KBWP or EGGY?

KBWP is cheaper with a 0.35% expense ratio, compared with 0.95% for EGGY.

Which ETF pays a higher dividend yield, KBWP or EGGY?

EGGY has the higher dividend yield at 25.40%, compared with 2.02% for KBWP.

What is the main difference between KBWP and EGGY?

KBWP is categorized as Financials Equities, while EGGY is Derivative Income. They also come from different issuers: Invesco and NestYield. Their fees differ too: 0.35% for KBWP and 0.95% for EGGY.

Which has better risk-adjusted returns?

EGGY currently has the higher Sharpe Ratio (1.90 vs -0.41), 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.