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KBWR vs. IAT
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Performance

KBWR vs. IAT - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Invesco KBW Regional Banking ETF (KBWR) and iShares U.S. Regional Banks ETF (IAT). The values are adjusted to include any dividend payments, if applicable.

-10.00%0.00%10.00%20.00%30.00%40.00%JuneJulyAugustSeptemberOctoberNovember
38.67%
36.43%
KBWR
IAT

Returns By Period

In the year-to-date period, KBWR achieves a 25.58% return, which is significantly lower than IAT's 37.62% return. Both investments have delivered pretty close results over the past 10 years, with KBWR having a 8.11% annualized return and IAT not far behind at 7.76%.


KBWR

YTD

25.58%

1M

15.97%

6M

38.67%

1Y

48.67%

5Y (annualized)

8.48%

10Y (annualized)

8.11%

IAT

YTD

37.62%

1M

13.30%

6M

36.43%

1Y

63.05%

5Y (annualized)

5.87%

10Y (annualized)

7.76%

Key characteristics


KBWRIAT
Sharpe Ratio1.582.40
Sortino Ratio2.483.44
Omega Ratio1.301.42
Calmar Ratio1.601.39
Martin Ratio5.6414.66
Ulcer Index8.63%4.30%
Daily Std Dev30.88%26.31%
Max Drawdown-52.86%-77.23%
Current Drawdown0.00%-10.90%

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KBWR vs. IAT - Expense Ratio Comparison

KBWR has a 0.35% expense ratio, which is lower than IAT's 0.42% expense ratio.


IAT
iShares U.S. Regional Banks ETF
Expense ratio chart for IAT: current value at 0.42% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.42%
Expense ratio chart for KBWR: current value at 0.35% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.35%

Correlation

-0.50.00.51.00.9

The correlation between KBWR and IAT is 0.91, 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

KBWR vs. IAT - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco KBW Regional Banking ETF (KBWR) and iShares U.S. Regional Banks ETF (IAT). 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.


Sharpe ratio
The chart of Sharpe ratio for KBWR, currently valued at 1.58, compared to the broader market0.002.004.001.582.40
The chart of Sortino ratio for KBWR, currently valued at 2.48, compared to the broader market-2.000.002.004.006.008.0010.0012.002.483.44
The chart of Omega ratio for KBWR, currently valued at 1.30, compared to the broader market0.501.001.502.002.503.001.301.42
The chart of Calmar ratio for KBWR, currently valued at 1.60, compared to the broader market0.005.0010.0015.0020.001.601.39
The chart of Martin ratio for KBWR, currently valued at 5.64, compared to the broader market0.0020.0040.0060.0080.00100.005.6414.66
KBWR
IAT

The current KBWR Sharpe Ratio is 1.58, which is lower than the IAT Sharpe Ratio of 2.40. The chart below compares the historical Sharpe Ratios of KBWR and IAT, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Rolling 12-month Sharpe Ratio0.000.501.001.502.002.50JuneJulyAugustSeptemberOctoberNovember
1.58
2.40
KBWR
IAT

Dividends

KBWR vs. IAT - Dividend Comparison

KBWR's dividend yield for the trailing twelve months is around 2.40%, less than IAT's 2.80% yield.


TTM20232022202120202019201820172016201520142013
KBWR
Invesco KBW Regional Banking ETF
2.40%2.89%2.51%2.04%2.92%2.44%2.45%1.59%1.50%1.92%1.79%1.50%
IAT
iShares U.S. Regional Banks ETF
2.80%3.56%3.12%1.88%2.87%2.49%2.48%1.56%1.52%1.78%1.68%1.56%

Drawdowns

KBWR vs. IAT - Drawdown Comparison

The maximum KBWR drawdown since its inception was -52.86%, smaller than the maximum IAT drawdown of -77.23%. Use the drawdown chart below to compare losses from any high point for KBWR and IAT. For additional features, visit the drawdowns tool.


-40.00%-30.00%-20.00%-10.00%0.00%JuneJulyAugustSeptemberOctoberNovember0
-10.90%
KBWR
IAT

Volatility

KBWR vs. IAT - Volatility Comparison

Invesco KBW Regional Banking ETF (KBWR) has a higher volatility of 14.72% compared to iShares U.S. Regional Banks ETF (IAT) at 12.33%. This indicates that KBWR's price experiences larger fluctuations and is considered to be riskier than IAT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.


4.00%6.00%8.00%10.00%12.00%14.00%16.00%JuneJulyAugustSeptemberOctoberNovember
14.72%
12.33%
KBWR
IAT