KBWP vs. WRB
KBWP (Invesco KBW Property & Casualty Insurance ETF) is Financials Equities fund tracking the KBW Nasdaq Property & Casualty (TR), while WRB (W. R. Berkley Corporation) is a stock. Over the past 10 years, KBWP returned 12.09%/yr vs 17.92%/yr for WRB. A 0.70 correlation means they provide meaningful diversification when combined.
Performance
KBWP vs. WRB - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, KBWP achieves a -3.45% return, which is significantly lower than WRB's -2.51% return. Over the past 10 years, KBWP has underperformed WRB with an annualized return of 12.09%, while WRB has yielded a comparatively higher 17.92% 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%
WRB
- 1D
- 1.08%
- 1M
- 2.74%
- YTD
- -2.51%
- 6M
- 0.17%
- 1Y
- -4.36%
- 3Y*
- 24.41%
- 5Y*
- 17.90%
- 10Y*
- 17.92%
KBWP vs. WRB - 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% |
WRB W. R. Berkley Corporation | -2.51% | 23.02% | 27.19% | 0.25% | 33.92% | 27.39% | -3.14% | 43.80% | 5.96% | 10.21% |
Correlation
The correlation between KBWP and WRB is 0.76, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.76 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.79 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.80 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.79 |
Correlation (All Time) Calculated using the full available price history since Dec 22, 2010 | 0.70 |
The correlation between KBWP and WRB has been stable across timeframes, ranging from 0.70 to 0.80 - a consistent structural relationship.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
KBWP vs. WRB — Risk / Return Rank
KBWP
WRB
KBWP vs. WRB - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco KBW Property & Casualty Insurance ETF (KBWP) and W. R. Berkley Corporation (WRB). 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 | WRB | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.30 | ||
| Sortino ratioReturn per unit of downside risk | +0.38 | ||
| Omega ratioGain probability vs. loss probability | 1.02 | 0.98 | +0.05 |
| Calmar ratioReturn relative to maximum drawdown | 0.11 | -0.29 | +0.39 |
| Martin ratioReturn relative to average drawdown | 0.24 | -0.54 | +0.78 |
Loading charts...
Drawdowns
KBWP vs. WRB - Drawdown Comparison
The maximum KBWP drawdown since its inception was -39.76%, smaller than the maximum WRB drawdown of -69.33%. Use the drawdown chart below to compare losses from any high point for KBWP and WRB.
Loading charts...
Drawdown Indicators
| KBWP | WRB | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -39.76% | -69.33% | +29.57% |
Max Drawdown (1Y)Largest decline over 1 year | -9.56% | -17.62% | +8.06% |
Max Drawdown (3Y)Largest decline over 3 years | -12.29% | -17.62% | +5.33% |
Max Drawdown (5Y)Largest decline over 5 years | -17.00% | -26.29% | +9.29% |
Max Drawdown (10Y)Largest decline over 10 years | -39.76% | -45.35% | +5.59% |
Current DrawdownCurrent decline from peak | -4.25% | -11.49% | +7.24% |
Average DrawdownAverage peak-to-trough decline | -4.37% | -14.58% | +10.21% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.31% | 9.29% | -4.98% |
Volatility
KBWP vs. WRB - Volatility Comparison
The current volatility for Invesco KBW Property & Casualty Insurance ETF (KBWP) is 5.73%, while W. R. Berkley Corporation (WRB) has a volatility of 7.63%. This indicates that KBWP experiences smaller price fluctuations and is considered to be less risky than WRB based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| KBWP | WRB | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.73% | 7.63% | -1.90% |
Volatility (6M)Calculated over the trailing 6-month period | 12.10% | 15.08% | -2.98% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.50% | 21.37% | -4.87% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.60% | 22.83% | -4.23% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.73% | 24.56% | -3.83% |
Dividends
KBWP vs. WRB - Dividend Comparison
KBWP's dividend yield for the trailing twelve months is around 1.92%, less than WRB's 2.72% 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% |
WRB W. R. Berkley Corporation | 2.72% | 2.64% | 2.39% | 2.73% | 1.22% | 2.44% | 0.71% | 2.43% | 2.83% | 2.16% | 2.27% | 0.86% |
Frequently Asked Questions
KBWP and WRB have a correlation of 0.76, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
WRB has higher volatility (7.63%) compared to KBWP (5.73%). In terms of maximum drawdown, KBWP dropped -39.76% vs WRB's -69.33%.
KBWP currently has the higher Sharpe Ratio (0.06 vs -0.24), 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.
Find the right allocation for KBWP and WRB
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer