KBWP vs. PGR
Compare and contrast key facts about Invesco KBW Property & Casualty Insurance ETF (KBWP) and The Progressive Corporation (PGR).
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.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: KBWP or PGR.
Key characteristics
| KBWP | PGR | |
|---|---|---|
| YTD Return | 19.54% | 32.08% |
| 1Y Return | 30.42% | 54.79% |
| 3Y Return (Ann) | 13.19% | 26.69% |
| 5Y Return (Ann) | 12.28% | 24.76% |
| 10Y Return (Ann) | 13.47% | 26.77% |
| Sharpe Ratio | 2.17 | 2.09 |
| Daily Std Dev | 14.60% | 25.93% |
| Max Drawdown | -39.77% | -71.06% |
| Current Drawdown | -0.05% | -3.09% |
Correlation
The correlation between KBWP and PGR is 0.57, 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.
Performance
KBWP vs. PGR - Performance Comparison
In the year-to-date period, KBWP achieves a 19.54% return, which is significantly lower than PGR's 32.08% return. Over the past 10 years, KBWP has underperformed PGR with an annualized return of 13.47%, while PGR has yielded a comparatively higher 26.77% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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Risk-Adjusted Performance
KBWP vs. PGR - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco KBW Property & Casualty Insurance ETF (KBWP) and The Progressive Corporation (PGR). 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. PGR - Dividend Comparison
KBWP's dividend yield for the trailing twelve months is around 1.46%, more than PGR's 0.55% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
KBWP Invesco KBW Property & Casualty Insurance ETF | 1.46% | 1.68% | 1.99% | 3.02% | 1.93% | 1.99% | 2.11% | 1.90% | 2.14% | 1.35% | 2.73% | 1.72% |
PGR The Progressive Corporation | 0.55% | 0.25% | 0.31% | 6.23% | 2.68% | 3.87% | 1.86% | 1.21% | 2.50% | 2.16% | 5.53% | 1.05% |
Drawdowns
KBWP vs. PGR - Drawdown Comparison
The maximum KBWP drawdown since its inception was -39.77%, smaller than the maximum PGR drawdown of -71.06%. Use the drawdown chart below to compare losses from any high point for KBWP and PGR. For additional features, visit the drawdowns tool.
Volatility
KBWP vs. PGR - Volatility Comparison
The current volatility for Invesco KBW Property & Casualty Insurance ETF (KBWP) is 3.98%, while The Progressive Corporation (PGR) has a volatility of 6.17%. This indicates that KBWP experiences smaller price fluctuations and is considered to be less risky than PGR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.