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KBWP vs. QQQ
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Correlation

The correlation between KBWP and QQQ is 0.50, 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. QQQ - Performance Comparison

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

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Key characteristics

Sharpe Ratio

KBWP:

0.95

QQQ:

0.64

Sortino Ratio

KBWP:

1.37

QQQ:

1.12

Omega Ratio

KBWP:

1.19

QQQ:

1.16

Calmar Ratio

KBWP:

1.60

QQQ:

0.78

Martin Ratio

KBWP:

4.00

QQQ:

2.53

Ulcer Index

KBWP:

4.94%

QQQ:

6.98%

Daily Std Dev

KBWP:

20.29%

QQQ:

25.46%

Max Drawdown

KBWP:

-39.77%

QQQ:

-82.98%

Current Drawdown

KBWP:

-0.37%

QQQ:

-3.19%

Returns By Period

In the year-to-date period, KBWP achieves a 7.92% return, which is significantly higher than QQQ's 2.16% return. Over the past 10 years, KBWP has underperformed QQQ with an annualized return of 13.43%, while QQQ has yielded a comparatively higher 17.81% annualized return.


KBWP

YTD

7.92%

1M

5.59%

6M

3.81%

1Y

17.78%

5Y*

22.26%

10Y*

13.43%

QQQ

YTD

2.16%

1M

17.43%

6M

5.35%

1Y

16.14%

5Y*

18.86%

10Y*

17.81%

*Annualized

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KBWP vs. QQQ - Expense Ratio Comparison

KBWP has a 0.35% expense ratio, which is higher than QQQ's 0.20% expense ratio.


Risk-Adjusted Performance

KBWP vs. QQQ — Risk-Adjusted Performance Rank

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

KBWP
The Risk-Adjusted Performance Rank of KBWP is 8181
Overall Rank
The Sharpe Ratio Rank of KBWP is 8181
Sharpe Ratio Rank
The Sortino Ratio Rank of KBWP is 7777
Sortino Ratio Rank
The Omega Ratio Rank of KBWP is 7878
Omega Ratio Rank
The Calmar Ratio Rank of KBWP is 9090
Calmar Ratio Rank
The Martin Ratio Rank of KBWP is 8080
Martin Ratio Rank

QQQ
The Risk-Adjusted Performance Rank of QQQ is 6666
Overall Rank
The Sharpe Ratio Rank of QQQ is 6262
Sharpe Ratio Rank
The Sortino Ratio Rank of QQQ is 6666
Sortino Ratio Rank
The Omega Ratio Rank of QQQ is 6666
Omega Ratio Rank
The Calmar Ratio Rank of QQQ is 7171
Calmar Ratio Rank
The Martin Ratio Rank of QQQ is 6363
Martin Ratio Rank
The risk-adjusted ranks indicate the investment's position relative to the market. A rank closer to 100 signifies top-performing investments, while a rank closer to 0 might suggest underperformance, based on the selected ratio. The values are calculated based on the past 12 months of returns.

KBWP vs. QQQ - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco KBW Property & Casualty Insurance ETF (KBWP) and Invesco QQQ (QQQ). 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.


The current KBWP Sharpe Ratio is 0.95, which is higher than the QQQ Sharpe Ratio of 0.64. The chart below compares the historical Sharpe Ratios of KBWP and QQQ, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.


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Dividends

KBWP vs. QQQ - Dividend Comparison

KBWP's dividend yield for the trailing twelve months is around 1.67%, more than QQQ's 0.57% yield.


TTM20242023202220212020201920182017201620152014
KBWP
Invesco KBW Property & Casualty Insurance ETF
1.67%1.64%1.68%1.99%3.02%1.93%1.99%2.11%1.90%2.14%1.35%2.73%
QQQ
Invesco QQQ
0.57%0.56%0.62%0.80%0.43%0.55%0.74%0.91%0.84%1.06%0.99%1.41%

Drawdowns

KBWP vs. QQQ - Drawdown Comparison

The maximum KBWP drawdown since its inception was -39.77%, smaller than the maximum QQQ drawdown of -82.98%. Use the drawdown chart below to compare losses from any high point for KBWP and QQQ. For additional features, visit the drawdowns tool.


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Volatility

KBWP vs. QQQ - Volatility Comparison

Invesco KBW Property & Casualty Insurance ETF (KBWP) and Invesco QQQ (QQQ) have volatilities of 6.21% and 6.50%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.


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