KBWP vs. VOO
Compare and contrast key facts about Invesco KBW Property & Casualty Insurance ETF (KBWP) and Vanguard S&P 500 ETF (VOO).
KBWP and VOO 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. VOO is a passively managed fund by Vanguard that tracks the performance of the S&P 500 Index. It was launched on Sep 7, 2010. Both KBWP and VOO 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 VOO.
Key characteristics
| KBWP | VOO | |
|---|---|---|
| YTD Return | 19.54% | 11.78% |
| 1Y Return | 30.42% | 28.27% |
| 3Y Return (Ann) | 13.19% | 10.42% |
| 5Y Return (Ann) | 12.28% | 15.03% |
| 10Y Return (Ann) | 13.47% | 13.05% |
| Sharpe Ratio | 2.17 | 2.56 |
| Daily Std Dev | 14.60% | 11.55% |
| Max Drawdown | -39.77% | -33.99% |
| Current Drawdown | -0.05% | -0.04% |
Correlation
The correlation between KBWP and VOO is 0.52, 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. VOO - Performance Comparison
In the year-to-date period, KBWP achieves a 19.54% return, which is significantly higher than VOO's 11.78% return. Both investments have delivered pretty close results over the past 10 years, with KBWP having a 13.47% annualized return and VOO not far behind at 13.05%. 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. VOO - Expense Ratio Comparison
KBWP has a 0.35% expense ratio, which is higher than VOO's 0.03% expense ratio.
Risk-Adjusted Performance
KBWP vs. VOO - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco KBW Property & Casualty Insurance ETF (KBWP) and Vanguard S&P 500 ETF (VOO). 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. VOO - Dividend Comparison
KBWP's dividend yield for the trailing twelve months is around 1.46%, more than VOO's 1.32% 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% |
VOO Vanguard S&P 500 ETF | 1.32% | 1.46% | 1.69% | 1.25% | 1.54% | 1.88% | 2.06% | 1.78% | 2.02% | 2.10% | 1.85% | 1.84% |
Drawdowns
KBWP vs. VOO - Drawdown Comparison
The maximum KBWP drawdown since its inception was -39.77%, which is greater than VOO's maximum drawdown of -33.99%. Use the drawdown chart below to compare losses from any high point for KBWP and VOO. For additional features, visit the drawdowns tool.
Volatility
KBWP vs. VOO - Volatility Comparison
Invesco KBW Property & Casualty Insurance ETF (KBWP) has a higher volatility of 3.98% compared to Vanguard S&P 500 ETF (VOO) at 3.37%. This indicates that KBWP's price experiences larger fluctuations and is considered to be riskier than VOO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.