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KBWP vs. XLFI
Performance
Return for Risk
Drawdowns
Volatility
Dividends

KBWP vs. XLFI

Last updated Jul 14, 2026
Documentation

KBWP (Invesco KBW Property & Casualty Insurance ETF) and XLFI (State Street Financial Select Sector SPDR Premium Income ETF) are both exchange-traded funds - KBWP is a Financials Equities fund tracking the KBW Nasdaq Property & Casualty (TR), while XLFI is a Derivative Income fund actively managed by State Street. KBWP is passively managed, while XLFI is actively managed. At a 0.47 correlation, their price movements are largely independent. Both charge a 0.35% expense ratio.

Performance

KBWP vs. XLFI - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Invesco KBW Property & Casualty Insurance ETF (KBWP) and State Street Financial Select Sector SPDR Premium Income ETF (XLFI). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, KBWP achieves a 7.17% return, which is significantly higher than XLFI's 1.85% return.

KBWP

1D
1.89%
1M
11.00%
6M
9.15%
YTD
7.17%
1Y
16.77%
3Y*
21.34%
5Y*
14.45%
10Y*
12.86%

XLFI

1D
0.45%
1M
3.48%
6M
0.88%
YTD
1.85%
1Y
—
3Y*
—
5Y*
—
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

KBWP vs. XLFI - Yearly Performance Comparison

2026 (YTD)2025
KBWP
Invesco KBW Property & Casualty Insurance ETF		7.17%9.23%
XLFI
State Street Financial Select Sector SPDR Premium Income ETF		1.85%5.40%

Correlation

The correlation between KBWP and XLFI is 0.47, which is low. Their price movements are largely independent, making them effective diversification partners.

Correlation
Correlation (All Time)
Calculated using the full available price history since Jul 30, 2025

0.47

KBWP vs. XLFI - Sectors Allocation Comparison

Sectors
KBWP
XLFI

Financial Services

100.0%
99.9%

Basic Materials

-

-

Communication Services

-

-

Consumer Cyclical

-

-

Consumer Defensive

-

-

Energy

-

-

Healthcare

-

-

Industrials

-

-

Real Estate

-

-

Technology

-

-

Utilities

-

-

Financial Services

KBWP
100.0%
XLFI
99.9%

Basic Materials

KBWP

-

XLFI

-

Communication Services

KBWP

-

XLFI

-

Consumer Cyclical

KBWP

-

XLFI

-

Consumer Defensive

KBWP

-

XLFI

-

Energy

KBWP

-

XLFI

-

Healthcare

KBWP

-

XLFI

-

Industrials

KBWP

-

XLFI

-

Real Estate

KBWP

-

XLFI

-

Technology

KBWP

-

XLFI

-

Utilities

KBWP

-

XLFI

-

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

Invesco KBW Property & Casualty Insurance ETF

State Street Financial Select Sector SPDR Premium Income ETF

Often compared with KBWP:
KBWP vs. IAKKBWP vs. KIEKBWP vs. KBEKBWP vs. ACGLKBWP vs. PSCFKBWP vs. VOOKBWP vs. TRV
Often compared with XLFI:
XLFI vs. EUFNXLFI vs. PBPXLFI vs. XLFXLFI vs. XLUXLFI vs. CHPYXLFI vs. FYEEXLFI vs. IVVW

Return for Risk

KBWP vs. XLFI — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
KBWP
KBWP Risk / Return Rank: 3636
Overall Rank
KBWP Sharpe Ratio Rank: 3434
Sharpe Ratio Rank
KBWP Sortino Ratio Rank: 3434
Sortino Ratio Rank
KBWP Omega Ratio Rank: 3333
Omega Ratio Rank
KBWP Calmar Ratio Rank: 4444
Calmar Ratio Rank
KBWP Martin Ratio Rank: 3434
Martin Ratio Rank
XLFI

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

KBWP vs. XLFI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco KBW Property & Casualty Insurance ETF (KBWP) and State Street Financial Select Sector SPDR Premium Income ETF (XLFI). 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.

KBWPXLFIDifference
Sharpe ratioReturn per unit of total volatility
0.99

—

—

Sortino ratioReturn per unit of downside risk
1.47

—

—

Omega ratioGain probability vs. loss probability

1.18

—

—

Calmar ratioReturn relative to maximum drawdown

1.76

—

—

Martin ratioReturn relative to average drawdown

4.01

—

—

KBWP vs. XLFI - Sharpe Ratio Comparison

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Drawdowns

KBWP vs. XLFI - Drawdown Comparison

The maximum KBWP drawdown since its inception was -39.76%, which is greater than XLFI's maximum drawdown of -11.89%. Use the drawdown chart below to compare losses from any high point for KBWP and XLFI.

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Drawdown Indicators

KBWPXLFIDifference

Max Drawdown

Largest peak-to-trough decline

-39.76%

-11.89%

-27.87%

Max Drawdown (1Y)

Largest decline over 1 year

-9.56%

—

—

Max Drawdown (3Y)

Largest decline over 3 years

-12.29%

—

—

Max Drawdown (5Y)

Largest decline over 5 years

-17.00%

—

—

Max Drawdown (10Y)

Largest decline over 10 years

-39.76%

—

—

Current Drawdown

Current decline from peak

0.00%

0.00%

0.00%

Average Drawdown

Average peak-to-trough decline

-4.36%

-3.17%

-1.19%

Ulcer Index

Depth and duration of drawdowns from previous peaks

4.19%

—

—

Volatility

KBWP vs. XLFI - Volatility Comparison

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Volatility by Period

KBWPXLFIDifference

Volatility (1M)

Calculated over the trailing 1-month period

6.38%

—

—

Volatility (6M)

Calculated over the trailing 6-month period

13.09%

—

—

Volatility (1Y)

Calculated over the trailing 1-year period

17.08%

12.02%

+5.06%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

18.60%

12.02%

+6.58%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

20.76%

12.02%

+8.74%

KBWP vs. XLFI - Expense Ratio Comparison

Both KBWP and XLFI have an expense ratio of 0.35%.

Dividends

KBWP vs. XLFI - Dividend Comparison

KBWP's dividend yield for the trailing twelve months is around 1.83%, less than XLFI's 11.44% yield.

PositionTTM20252024202320222021202020192018201720162015
KBWP
Invesco KBW Property & Casualty Insurance ETF		1.83%1.58%1.64%1.68%1.99%3.02%1.93%1.99%2.11%1.90%2.14%1.35%
XLFI
State Street Financial Select Sector SPDR Premium Income ETF		11.44%5.57%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%

Frequently Asked Questions

KBWP and XLFI have a correlation of 0.47, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Both ETFs have the same 0.35% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.

KBWP and XLFI have the same expense ratio: 0.35% per year.

XLFI has the higher dividend yield at 11.44%, compared with 1.83% for KBWP.

KBWP is categorized as Financials Equities, while XLFI is Derivative Income. They also come from different issuers: Invesco and State Street.

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