KBWP vs. WMT
KBWP (Invesco KBW Property & Casualty Insurance ETF) is Financials Equities fund tracking the KBW Nasdaq Property & Casualty (TR), while WMT (Walmart Inc.) is a stock. Over the past 10 years, KBWP returned 12.09%/yr vs 19.77%/yr for WMT. At a 0.27 correlation, their price movements are largely independent.
Performance
KBWP vs. WMT - Performance Comparison
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Returns By Period
In the year-to-date period, KBWP achieves a -3.45% return, which is significantly lower than WMT's 9.07% return. Over the past 10 years, KBWP has underperformed WMT with an annualized return of 12.09%, while WMT has yielded a comparatively higher 19.77% 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%
WMT
- 1D
- 0.45%
- 1M
- -7.92%
- YTD
- 9.07%
- 6M
- 4.13%
- 1Y
- 29.24%
- 3Y*
- 34.18%
- 5Y*
- 22.42%
- 10Y*
- 19.77%
KBWP vs. WMT - 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% |
WMT Walmart Inc. | 9.07% | 24.49% | 73.99% | 12.88% | -0.46% | 1.97% | 23.32% | 30.16% | -3.43% | 46.56% |
Correlation
The correlation between KBWP and WMT is 0.20, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.20 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.23 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.29 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.27 |
Correlation (All Time) Calculated using the full available price history since Dec 22, 2010 | 0.27 |
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Return for Risk
KBWP vs. WMT — Risk / Return Rank
KBWP
WMT
KBWP vs. WMT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco KBW Property & Casualty Insurance ETF (KBWP) and Walmart Inc. (WMT). 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 | WMT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.16 | ||
| Sortino ratioReturn per unit of downside risk | -1.59 | ||
| Omega ratioGain probability vs. loss probability | 1.02 | 1.23 | -0.21 |
| Calmar ratioReturn relative to maximum drawdown | 0.11 | 1.83 | -1.72 |
| Martin ratioReturn relative to average drawdown | 0.24 | 5.82 | -5.58 |
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Drawdowns
KBWP vs. WMT - Drawdown Comparison
The maximum KBWP drawdown since its inception was -39.76%, smaller than the maximum WMT drawdown of -77.14%. Use the drawdown chart below to compare losses from any high point for KBWP and WMT.
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Drawdown Indicators
| KBWP | WMT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -39.76% | -77.14% | +37.38% |
Max Drawdown (1Y)Largest decline over 1 year | -9.56% | -15.75% | +6.19% |
Max Drawdown (3Y)Largest decline over 3 years | -12.29% | -21.93% | +9.64% |
Max Drawdown (5Y)Largest decline over 5 years | -17.00% | -25.74% | +8.74% |
Max Drawdown (10Y)Largest decline over 10 years | -39.76% | -25.74% | -14.02% |
Current DrawdownCurrent decline from peak | -4.25% | -9.81% | +5.56% |
Average DrawdownAverage peak-to-trough decline | -4.37% | -14.63% | +10.26% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.31% | 4.94% | -0.63% |
Volatility
KBWP vs. WMT - Volatility Comparison
The current volatility for Invesco KBW Property & Casualty Insurance ETF (KBWP) is 5.73%, while Walmart Inc. (WMT) has a volatility of 9.86%. This indicates that KBWP experiences smaller price fluctuations and is considered to be less risky than WMT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| KBWP | WMT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.73% | 9.86% | -4.13% |
Volatility (6M)Calculated over the trailing 6-month period | 12.10% | 18.49% | -6.39% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.50% | 23.67% | -7.17% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.60% | 21.68% | -3.08% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.73% | 21.73% | -1.00% |
Dividends
KBWP vs. WMT - Dividend Comparison
KBWP's dividend yield for the trailing twelve months is around 1.92%, more than WMT's 0.80% 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% |
WMT Walmart Inc. | 0.80% | 0.84% | 0.92% | 1.45% | 1.58% | 1.52% | 1.50% | 1.78% | 2.23% | 2.07% | 2.89% | 3.20% |
Frequently Asked Questions
KBWP and WMT have a correlation of 0.20, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
WMT has higher volatility (9.86%) compared to KBWP (5.73%). In terms of maximum drawdown, KBWP dropped -39.76% vs WMT's -77.14%.
WMT currently has the higher Sharpe Ratio (1.22 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.
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