KBWP vs. TRV
Compare and contrast key facts about Invesco KBW Property & Casualty Insurance ETF (KBWP) and The Travelers Companies, Inc. (TRV).
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 TRV.
Performance
KBWP vs. TRV - Performance Comparison
Returns By Period
In the year-to-date period, KBWP achieves a 35.39% return, which is significantly lower than TRV's 38.83% return. Over the past 10 years, KBWP has outperformed TRV with an annualized return of 13.77%, while TRV has yielded a comparatively lower 12.30% annualized return.
KBWP
35.39%
0.92%
13.26%
38.52%
13.78%
13.77%
TRV
38.83%
7.36%
19.82%
54.88%
16.97%
12.30%
Key characteristics
| KBWP | TRV | |
|---|---|---|
| Sharpe Ratio | 2.48 | 2.48 |
| Sortino Ratio | 3.22 | 3.07 |
| Omega Ratio | 1.45 | 1.51 |
| Calmar Ratio | 5.85 | 4.68 |
| Martin Ratio | 15.86 | 10.95 |
| Ulcer Index | 2.44% | 5.19% |
| Daily Std Dev | 15.66% | 22.89% |
| Max Drawdown | -39.77% | -55.11% |
| Current Drawdown | -0.17% | -1.74% |
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Correlation
The correlation between KBWP and TRV is 0.71, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Risk-Adjusted Performance
KBWP vs. TRV - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco KBW Property & Casualty Insurance ETF (KBWP) and The Travelers Companies, Inc. (TRV). 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. TRV - Dividend Comparison
KBWP's dividend yield for the trailing twelve months is around 1.29%, less than TRV's 1.57% 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% |
TRV The Travelers Companies, Inc. | 1.57% | 2.06% | 1.96% | 2.23% | 2.40% | 2.36% | 2.53% | 2.09% | 2.14% | 2.11% | 2.03% | 2.16% |
Drawdowns
KBWP vs. TRV - Drawdown Comparison
The maximum KBWP drawdown since its inception was -39.77%, smaller than the maximum TRV drawdown of -55.11%. Use the drawdown chart below to compare losses from any high point for KBWP and TRV. For additional features, visit the drawdowns tool.
Volatility
KBWP vs. TRV - Volatility Comparison
Invesco KBW Property & Casualty Insurance ETF (KBWP) and The Travelers Companies, Inc. (TRV) have volatilities of 6.23% and 6.41%, 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.