KBWP vs. KBE
Compare and contrast key facts about Invesco KBW Property & Casualty Insurance ETF (KBWP) and SPDR S&P Bank ETF (KBE).
KBWP and KBE 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. KBE is a passively managed fund by State Street that tracks the performance of the S&P Banks Select Industry Index. It was launched on Nov 8, 2005. Both KBWP and KBE are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: KBWP or KBE.
Performance
KBWP vs. KBE - Performance Comparison
Returns By Period
In the year-to-date period, KBWP achieves a 35.39% return, which is significantly higher than KBE's 33.17% return. Over the past 10 years, KBWP has outperformed KBE with an annualized return of 13.77%, while KBE has yielded a comparatively lower 8.54% annualized return.
KBWP
35.39%
0.92%
13.26%
38.52%
13.78%
13.77%
KBE
33.17%
7.96%
26.97%
54.59%
8.58%
8.54%
Key characteristics
| KBWP | KBE | |
|---|---|---|
| Sharpe Ratio | 2.48 | 2.13 |
| Sortino Ratio | 3.22 | 3.14 |
| Omega Ratio | 1.45 | 1.38 |
| Calmar Ratio | 5.85 | 1.80 |
| Martin Ratio | 15.86 | 12.94 |
| Ulcer Index | 2.44% | 4.39% |
| Daily Std Dev | 15.66% | 26.69% |
| Max Drawdown | -39.77% | -83.15% |
| Current Drawdown | -0.17% | -1.90% |
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KBWP vs. KBE - Expense Ratio Comparison
Both KBWP and KBE have an expense ratio of 0.35%.
Correlation
The correlation between KBWP and KBE is 0.55, 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.
Risk-Adjusted Performance
KBWP vs. KBE - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco KBW Property & Casualty Insurance ETF (KBWP) and SPDR S&P Bank ETF (KBE). 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.
Dividends
KBWP vs. KBE - Dividend Comparison
KBWP's dividend yield for the trailing twelve months is around 1.29%, less than KBE's 2.18% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
KBWP Invesco KBW Property & Casualty Insurance ETF | 1.29% | 1.68% | 1.99% | 3.02% | 1.93% | 1.99% | 2.11% | 1.90% | 2.14% | 1.35% | 2.73% | 1.72% |
KBE SPDR S&P Bank ETF | 2.18% | 2.78% | 2.99% | 2.16% | 2.44% | 2.33% | 2.18% | 1.35% | 1.39% | 1.69% | 1.59% | 1.37% |
Drawdowns
KBWP vs. KBE - Drawdown Comparison
The maximum KBWP drawdown since its inception was -39.77%, smaller than the maximum KBE drawdown of -83.15%. Use the drawdown chart below to compare losses from any high point for KBWP and KBE. For additional features, visit the drawdowns tool.
Volatility
KBWP vs. KBE - Volatility Comparison
The current volatility for Invesco KBW Property & Casualty Insurance ETF (KBWP) is 6.23%, while SPDR S&P Bank ETF (KBE) has a volatility of 13.44%. This indicates that KBWP experiences smaller price fluctuations and is considered to be less risky than KBE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.