KBWP vs. GSIB
Compare and contrast key facts about Invesco KBW Property & Casualty Insurance ETF (KBWP) and Themes Global Systemically Important Banks ETF (GSIB).
KBWP and GSIB 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. GSIB is an actively managed fund by Themes. It was launched on Dec 14, 2023.
Performance
KBWP vs. GSIB - Performance Comparison
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KBWP vs. GSIB - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
KBWP Invesco KBW Property & Casualty Insurance ETF | -6.42% | 11.49% | 30.45% | 1.88% |
GSIB Themes Global Systemically Important Banks ETF | -1.46% | 61.67% | 32.86% | 2.35% |
Returns By Period
In the year-to-date period, KBWP achieves a -6.42% return, which is significantly lower than GSIB's -1.46% return.
KBWP
- 1D
- -0.71%
- 1M
- -6.69%
- YTD
- -6.42%
- 6M
- -2.89%
- 1Y
- -3.69%
- 3Y*
- 14.44%
- 5Y*
- 11.73%
- 10Y*
- 11.43%
GSIB
- 1D
- 1.75%
- 1M
- -1.77%
- YTD
- -1.46%
- 6M
- 10.28%
- 1Y
- 39.94%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
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KBWP vs. GSIB - Expense Ratio Comparison
Both KBWP and GSIB have an expense ratio of 0.35%.
Return for Risk
KBWP vs. GSIB — Risk / Return Rank
KBWP
GSIB
KBWP vs. GSIB - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco KBW Property & Casualty Insurance ETF (KBWP) and Themes Global Systemically Important Banks ETF (GSIB). 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 | GSIB | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | -0.19 | 1.93 | -2.12 |
Sortino ratioReturn per unit of downside risk | -0.13 | 2.55 | -2.68 |
Omega ratioGain probability vs. loss probability | 0.98 | 1.36 | -0.38 |
Calmar ratioReturn relative to maximum drawdown | -0.29 | 2.70 | -2.98 |
Martin ratioReturn relative to average drawdown | -0.74 | 9.19 | -9.93 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| KBWP | GSIB | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.19 | 1.93 | -2.12 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.64 | — | — |
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 | 2.20 | -1.50 |
Correlation
The correlation between KBWP and GSIB is 0.32, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Dividends
KBWP vs. GSIB - Dividend Comparison
KBWP's dividend yield for the trailing twelve months is around 1.98%, more than GSIB's 1.93% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
KBWP Invesco KBW Property & Casualty Insurance ETF | 1.98% | 1.58% | 1.64% | 1.68% | 1.99% | 3.02% | 1.93% | 1.99% | 2.11% | 1.90% | 2.14% | 1.35% |
GSIB Themes Global Systemically Important Banks ETF | 1.93% | 1.91% | 1.67% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
KBWP vs. GSIB - Drawdown Comparison
The maximum KBWP drawdown since its inception was -39.76%, which is greater than GSIB's maximum drawdown of -17.71%. Use the drawdown chart below to compare losses from any high point for KBWP and GSIB.
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Drawdown Indicators
| KBWP | GSIB | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -39.76% | -17.71% | -22.05% |
Max Drawdown (1Y)Largest decline over 1 year | -11.57% | -14.59% | +3.02% |
Max Drawdown (5Y)Largest decline over 5 years | -17.00% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -39.76% | — | — |
Current DrawdownCurrent decline from peak | -7.20% | -8.30% | +1.10% |
Average DrawdownAverage peak-to-trough decline | -4.35% | -2.07% | -2.28% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.50% | 4.28% | +0.22% |
Volatility
KBWP vs. GSIB - Volatility Comparison
The current volatility for Invesco KBW Property & Casualty Insurance ETF (KBWP) is 4.30%, while Themes Global Systemically Important Banks ETF (GSIB) has a volatility of 7.60%. This indicates that KBWP experiences smaller price fluctuations and is considered to be less risky than GSIB based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| KBWP | GSIB | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.30% | 7.60% | -3.30% |
Volatility (6M)Calculated over the trailing 6-month period | 11.75% | 13.15% | -1.40% |
Volatility (1Y)Calculated over the trailing 1-year period | 19.26% | 20.85% | -1.59% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.49% | 18.41% | +0.08% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.65% | 18.41% | +2.24% |