KBWP vs. FDIQ
KBWP (Invesco KBW Property & Casualty Insurance ETF) and FDIQ (Invesco Bloomberg Financial Data Providers ETF) are both Financials Equities funds from Invesco - KBWP tracks the KBW Nasdaq Property & Casualty Index while FDIQ tracks the Bloomberg Financial Data Providers Index. Both are passively managed. Over the past 10 years, KBWP returned 12.93%/yr vs 8.54%/yr for FDIQ. Their 0.54 correlation means they have sometimes moved together and sometimes differently. Both charge a 0.35% expense ratio.
Performance
KBWP vs. FDIQ - Performance Comparison
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Returns By Period
In the year-to-date period, KBWP achieves a 7.40% return, which is significantly lower than FDIQ's 16.69% return. Over the past 10 years, KBWP has outperformed FDIQ with an annualized return of 12.93%, while FDIQ has yielded a comparatively lower 8.54% annualized return.
KBWP
- 1D
- -0.46%
- 1M
- 0.93%
- 6M
- 10.54%
- YTD
- 7.40%
- 1Y
- 18.27%
- 3Y*
- 19.15%
- 5Y*
- 14.28%
- 10Y*
- 12.93%
- ALL TIME*
- 13.72%
FDIQ
- 1D
- -0.93%
- 1M
- 5.45%
- 6M
- 8.69%
- YTD
- 16.69%
- 1Y
- 29.24%
- 3Y*
- 15.17%
- 5Y*
- 7.52%
- 10Y*
- 8.54%
- ALL TIME*
- 10.48%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $225.05K | $183.72K | $189.48K | |
| $2.91M | $3.13M | $2.04M |
KBWP vs. FDIQ - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
KBWP Invesco KBW Property & Casualty Insurance ETF | 7.40% | 11.49% | 30.45% | 7.09% | 10.16% | 20.61% | -2.05% | 28.67% | -2.76% | 8.86% |
FDIQ Invesco Bloomberg Financial Data Providers ETF | 16.69% | 6.32% | 12.76% | -0.84% | -7.23% | 36.05% | -8.95% | 23.57% | -18.31% | 1.81% |
Correlation
The correlation between KBWP and FDIQ is 0.46, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.46 |
Correlation (3Y) Balances recent behavior with more history. | 0.44 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.54 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.58 |
Correlation (All Time) Calculated using the full available price history since Nov 1, 2011 | 0.54 |
The correlation between KBWP and FDIQ shifts across timeframes, from 0.44 (3 years) to 0.58 (10 years), reflecting how their relationship changes across market environments.
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Return for Risk
KBWP vs. FDIQ — Risk / Return Rank
KBWP
FDIQ
KBWP vs. FDIQ - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco KBW Property & Casualty Insurance ETF (KBWP) and Invesco Bloomberg Financial Data Providers ETF (FDIQ). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| KBWP | FDIQ | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.22 | ||
| Sortino ratioReturn per unit of downside risk | -0.33 | ||
| Omega ratioGain probability vs. loss probability | 1.18 | 1.23 | -0.05 |
| Calmar ratioReturn relative to maximum drawdown | 1.83 | 1.86 | -0.03 |
| Martin ratioReturn relative to average drawdown | 4.15 | 5.18 | -1.03 |
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Drawdowns
KBWP vs. FDIQ - Drawdown Comparison
The maximum KBWP drawdown since its inception was -39.76%, smaller than the maximum FDIQ drawdown of -52.86%. Use the drawdown chart below to compare losses from any high point for KBWP and FDIQ.
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Drawdown Indicators
| KBWP | FDIQ | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -39.76% | -52.86% | +13.10% |
Max Drawdown (1Y)Largest decline over 1 year | -9.56% | -14.44% | +4.88% |
Max Drawdown (3Y)Largest decline over 3 years | -12.29% | -28.09% | +15.80% |
Max Drawdown (5Y)Largest decline over 5 years | -17.00% | -42.99% | +25.99% |
Max Drawdown (10Y)Largest decline over 10 years | -39.76% | -52.86% | +13.10% |
Current DrawdownCurrent decline from peak | -3.41% | -3.43% | +0.02% |
Average DrawdownAverage peak-to-trough decline | -4.35% | -11.51% | +7.16% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.20% | 5.16% | -0.96% |
Volatility
KBWP vs. FDIQ - Volatility Comparison
Invesco KBW Property & Casualty Insurance ETF (KBWP) has a higher volatility of 7.95% compared to Invesco Bloomberg Financial Data Providers ETF (FDIQ) at 7.02%. This indicates that KBWP's price experiences larger fluctuations and is considered to be riskier than FDIQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| KBWP | FDIQ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.95% | 7.02% | +0.93% |
Volatility (6M)Calculated over the trailing 6-month period | 14.30% | 14.38% | -0.08% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.84% | 22.43% | -4.59% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.72% | 28.43% | -9.71% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.85% | 31.01% | -10.16% |
KBWP vs. FDIQ - Expense Ratio Comparison
Both KBWP and FDIQ have an expense ratio of 0.35%.
Dividends
KBWP vs. FDIQ - Dividend Comparison
KBWP's dividend yield for the trailing twelve months is around 1.82%, less than FDIQ's 2.14% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FDIQ Invesco Bloomberg Financial Data Providers ETF | 2.14% | 2.66% | 2.69% | 2.89% | 2.51% | 2.04% | 2.92% | 2.44% | 2.45% | 1.59% | 1.50% | 1.92% |
KBWP Invesco KBW Property & Casualty Insurance ETF | 1.82% | 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
KBWP and FDIQ have a correlation of 0.46, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
KBWP has higher volatility (7.95%) compared to FDIQ (7.02%). In terms of maximum drawdown, KBWP dropped -39.76% vs FDIQ's -52.86%.
On 10-year performance, KBWP leads with 12.93% vs 8.54% for FDIQ. Both ETFs have the same 0.35% expense ratio. On volatility, FDIQ has been the lower-risk option at 7.02%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 10-year period, KBWP has performed better with a 12.93% return vs 8.54%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
KBWP and FDIQ have the same expense ratio: 0.35% per year.
FDIQ has the higher dividend yield at 2.14%, compared with 1.82% for KBWP.
KBWP tracks KBW Nasdaq Property & Casualty Index, while FDIQ tracks Bloomberg Financial Data Providers Index.
FDIQ currently has the higher Sharpe Ratio (1.20 vs 0.98), 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.
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