KBWP vs. SCHD
Compare and contrast key facts about Invesco KBW Property & Casualty Insurance ETF (KBWP) and Schwab US Dividend Equity ETF (SCHD).
KBWP and SCHD 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. SCHD is a passively managed fund by Charles Schwab that tracks the performance of the Dow Jones U.S. Dividend 100 Index. It was launched on Oct 20, 2011. Both KBWP and SCHD 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 SCHD.
Key characteristics
| KBWP | SCHD | |
|---|---|---|
| YTD Return | 19.54% | 6.01% |
| 1Y Return | 30.42% | 17.73% |
| 3Y Return (Ann) | 13.19% | 5.03% |
| 5Y Return (Ann) | 12.28% | 12.83% |
| 10Y Return (Ann) | 13.47% | 11.44% |
| Sharpe Ratio | 2.17 | 1.66 |
| Daily Std Dev | 14.60% | 11.04% |
| Max Drawdown | -39.77% | -33.37% |
| Current Drawdown | -0.05% | -0.68% |
Correlation
The correlation between KBWP and SCHD is 0.60, 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. SCHD - Performance Comparison
In the year-to-date period, KBWP achieves a 19.54% return, which is significantly higher than SCHD's 6.01% return. Over the past 10 years, KBWP has outperformed SCHD with an annualized return of 13.47%, while SCHD has yielded a comparatively lower 11.44% 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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KBWP vs. SCHD - Expense Ratio Comparison
KBWP has a 0.35% expense ratio, which is higher than SCHD's 0.06% expense ratio.
Risk-Adjusted Performance
KBWP vs. SCHD - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco KBW Property & Casualty Insurance ETF (KBWP) and Schwab US Dividend Equity ETF (SCHD). 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. SCHD - Dividend Comparison
KBWP's dividend yield for the trailing twelve months is around 1.46%, less than SCHD's 3.34% 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% |
SCHD Schwab US Dividend Equity ETF | 3.34% | 3.49% | 3.39% | 2.78% | 3.16% | 2.98% | 3.06% | 2.63% | 2.89% | 2.97% | 2.63% | 2.47% |
Drawdowns
KBWP vs. SCHD - Drawdown Comparison
The maximum KBWP drawdown since its inception was -39.77%, which is greater than SCHD's maximum drawdown of -33.37%. Use the drawdown chart below to compare losses from any high point for KBWP and SCHD. For additional features, visit the drawdowns tool.
Volatility
KBWP vs. SCHD - Volatility Comparison
Invesco KBW Property & Casualty Insurance ETF (KBWP) has a higher volatility of 3.98% compared to Schwab US Dividend Equity ETF (SCHD) at 2.47%. This indicates that KBWP's price experiences larger fluctuations and is considered to be riskier than SCHD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.