KBWP vs. RTH

Last updated Jun 14, 2026

KBWP (Invesco KBW Property & Casualty Insurance ETF) and RTH (VanEck Vectors Retail ETF) are both exchange-traded funds - KBWP is a Financials Equities fund tracking the KBW Nasdaq Property & Casualty (TR), while RTH is a Consumer Discretionary Equities fund tracking the MVIS US Listed Retail 25 Index. Both are passively managed. Over the past 10 years, KBWP returned 12.09%/yr vs 14.35%/yr for RTH. At a 0.41 correlation, their price movements are largely independent. Both charge a 0.35% expense ratio.

Performance

KBWP vs. RTH - Performance Comparison

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

Returns By Period

In the year-to-date period, KBWP achieves a -3.45% return, which is significantly lower than RTH's 4.33% return. Over the past 10 years, KBWP has underperformed RTH with an annualized return of 12.09%, while RTH has yielded a comparatively higher 14.35% annualized return.

KBWP

• 1D: 0.54%
• 1M: 3.51%
• YTD: -3.45%
• 6M: -2.31%
• 1Y: 1.98%
• 3Y*: 16.13%
• 5Y*: 11.67%
• 10Y*: 12.09%

RTH

• 1D: -0.06%
• 1M: -1.59%
• YTD: 4.33%
• 6M: 2.84%
• 1Y: 12.87%
• 3Y*: 16.16%
• 5Y*: 9.69%
• 10Y*: 14.35%

*Multi-year figures are annualized to reflect compound growth (CAGR)

KBWP vs. RTH - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
KBWP Invesco KBW Property & Casualty Insurance ETF	-3.45%	11.49%	30.45%	7.09%	10.16%	20.61%	-2.05%	28.67%	-2.76%	8.86%
RTH VanEck Vectors Retail ETF	4.33%	12.36%	20.02%	20.07%	-17.67%	24.94%	31.62%	29.06%	3.87%	22.45%

Correlation

The correlation between KBWP and RTH is 0.25, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.25
Correlation (3Y) Calculated over the trailing 3-year period	0.31
Correlation (5Y) Calculated over the trailing 5-year period	0.39
Correlation (10Y) Calculated over the trailing 10-year period	0.42
Correlation (All Time) Calculated using the full available price history since Dec 22, 2010	0.41

The correlation between KBWP and RTH shifts across timeframes, from 0.25 (1 year) to 0.42 (10 years), reflecting how their relationship changes across market environments.

KBWP vs. RTH - Sectors Allocation Comparison

Sectors	KBWP	RTH
Financial Services	100.0%	-
Basic Materials	-	-
Communication Services	-	-
Consumer Cyclical	-	57.2%
Consumer Defensive	-	26.8%
Energy	-	-
Healthcare	-	13.4%
Industrials	-	2.6%
Real Estate	-	-
Technology	-	-
Utilities	-	-

Return for Risk

KBWP vs. RTH — Risk / Return Rank

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

KBWP

KBWP Risk / Return Rank: 10
KBWP Sharpe Ratio Rank: 10
KBWP Sortino Ratio Rank: 10
KBWP Omega Ratio Rank: 10
KBWP Calmar Ratio Rank: 11
KBWP Martin Ratio Rank: 11

RTH

RTH Risk / Return Rank: 32
RTH Sharpe Ratio Rank: 30
RTH Sortino Ratio Rank: 32
RTH Omega Ratio Rank: 29
RTH Calmar Ratio Rank: 34
RTH Martin Ratio Rank: 36

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

KBWP vs. RTH - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco KBW Property & Casualty Insurance ETF (KBWP) and VanEck Vectors Retail ETF (RTH). 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	RTH	Difference
Sharpe ratio: Return per unit of total volatility	0.06	0.97	-0.91
Sortino ratio: Return per unit of downside risk	0.20	1.52	-1.32
Omega ratio: Gain probability vs. loss probability	1.02	1.18	-0.15
Calmar ratio: Return relative to maximum drawdown	0.11	1.50	-1.39
Martin ratio: Return relative to average drawdown	0.24	4.99	-4.75

KBWP vs. RTH - Sharpe Ratio Comparison

The current KBWP Sharpe Ratio is 0.06, which is lower than the RTH Sharpe Ratio of 0.97. The chart below compares the historical Sharpe Ratios of KBWP and RTH, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

KBWP vs. RTH - Drawdown Comparison

The maximum KBWP drawdown since its inception was -39.76%, smaller than the maximum RTH drawdown of -42.32%. Use the drawdown chart below to compare losses from any high point for KBWP and RTH.

Drawdown Indicators

	KBWP	RTH	Difference
Max Drawdown Largest peak-to-trough decline	-39.76%	-42.32%	+2.56%
Max Drawdown (1Y) Largest decline over 1 year	-9.56%	-7.83%	-1.73%
Max Drawdown (3Y) Largest decline over 3 years	-12.29%	-13.80%	+1.51%
Max Drawdown (5Y) Largest decline over 5 years	-17.00%	-25.00%	+8.00%
Max Drawdown (10Y) Largest decline over 10 years	-39.76%	-25.00%	-14.76%
Current Drawdown Current decline from peak	-4.25%	-3.58%	-0.67%
Average Drawdown Average peak-to-trough decline	-4.37%	-7.34%	+2.97%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.31%	2.35%	+1.96%

Volatility

KBWP vs. RTH - Volatility Comparison

Invesco KBW Property & Casualty Insurance ETF (KBWP) has a higher volatility of 5.73% compared to VanEck Vectors Retail ETF (RTH) at 3.85%. This indicates that KBWP's price experiences larger fluctuations and is considered to be riskier than RTH based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	KBWP	RTH	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.73%	3.85%	+1.88%
Volatility (6M) Calculated over the trailing 6-month period	12.10%	9.28%	+2.82%
Volatility (1Y) Calculated over the trailing 1-year period	16.50%	12.09%	+4.41%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.60%	16.81%	+1.79%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	20.73%	17.54%	+3.19%

KBWP vs. RTH - Expense Ratio Comparison

Both KBWP and RTH have an expense ratio of 0.35%.

Dividends

KBWP vs. RTH - Dividend Comparison

KBWP's dividend yield for the trailing twelve months is around 1.92%, more than RTH's 0.93% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
KBWP Invesco KBW Property & Casualty Insurance ETF	1.92%	1.58%	1.64%	1.68%	1.99%	3.02%	1.93%	1.99%	2.11%	1.90%	2.14%	1.35%
RTH VanEck Vectors Retail ETF	0.93%	0.97%	0.77%	1.07%	1.16%	0.78%	0.64%	0.91%	1.05%	1.56%	1.84%	2.25%

Frequently Asked Questions

Can I hold both KBWP and RTH in my portfolio?

KBWP and RTH have a correlation of 0.25, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, KBWP or RTH?

KBWP has higher volatility (5.73%) compared to RTH (3.85%). In terms of maximum drawdown, KBWP dropped -39.76% vs RTH's -42.32%.

Which ETF is better, KBWP or RTH?

On 10-year performance, RTH leads with 14.35% vs 12.09% for KBWP. Both ETFs have the same 0.35% expense ratio. On volatility, RTH has been the lower-risk option at 3.85%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, KBWP or RTH?

Over the 10-year period, RTH has performed better with a 14.35% return vs 12.09%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, KBWP or RTH?

KBWP and RTH have the same expense ratio: 0.35% per year.

Which ETF pays a higher dividend yield, KBWP or RTH?

KBWP has the higher dividend yield at 1.92%, compared with 0.93% for RTH.

What is the main difference between KBWP and RTH?

KBWP is categorized as Financials Equities, while RTH is Consumer Discretionary Equities. KBWP tracks KBW Nasdaq Property & Casualty (TR), while RTH tracks MVIS US Listed Retail 25 Index. They also come from different issuers: Invesco and VanEck.

Which has better risk-adjusted returns?

RTH currently has the higher Sharpe Ratio (0.97 vs 0.06), 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.