KBWR vs. KBE
Compare and contrast key facts about Invesco KBW Regional Banking ETF (KBWR) and SPDR S&P Bank ETF (KBE).
KBWR and KBE are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. KBWR is a passively managed fund by Invesco that tracks the performance of the KBW Nasdaq Regional Banking Index. It was launched on Nov 1, 2011. KBE is a passively managed fund by State Street that tracks the performance of the S&P Banks Select Industry Index. It was launched on Nov 8, 2005. Both KBWR and KBE 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: KBWR or KBE.
Performance
KBWR vs. KBE - Performance Comparison
Returns By Period
In the year-to-date period, KBWR achieves a 20.76% return, which is significantly lower than KBE's 31.68% return. Over the past 10 years, KBWR has underperformed KBE with an annualized return of 7.80%, while KBE has yielded a comparatively higher 8.47% annualized return.
KBWR
20.76%
12.30%
30.59%
43.84%
7.65%
7.80%
KBE
31.68%
9.86%
28.14%
55.70%
8.34%
8.47%
Key characteristics
| KBWR | KBE | |
|---|---|---|
| Sharpe Ratio | 1.31 | 1.99 |
| Sortino Ratio | 2.15 | 2.98 |
| Omega Ratio | 1.25 | 1.36 |
| Calmar Ratio | 1.33 | 1.68 |
| Martin Ratio | 4.70 | 12.06 |
| Ulcer Index | 8.63% | 4.39% |
| Daily Std Dev | 30.87% | 26.65% |
| Max Drawdown | -52.86% | -83.15% |
| Current Drawdown | -3.29% | -3.01% |
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
KBWR vs. KBE - Expense Ratio Comparison
Both KBWR and KBE have an expense ratio of 0.35%.
Correlation
The correlation between KBWR and KBE is 0.93, 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. KBE - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco KBW Regional Banking ETF (KBWR) and SPDR S&P Bank ETF (KBE). 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
KBWR vs. KBE - Dividend Comparison
KBWR's dividend yield for the trailing twelve months is around 2.49%, more than KBE's 2.21% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
KBWR Invesco KBW Regional Banking ETF | 2.49% | 2.89% | 2.51% | 2.04% | 2.92% | 2.44% | 2.45% | 1.59% | 1.50% | 1.92% | 1.79% | 1.50% |
KBE SPDR S&P Bank ETF | 2.21% | 2.78% | 2.99% | 2.16% | 2.44% | 2.33% | 2.18% | 1.35% | 1.39% | 1.69% | 1.59% | 1.37% |
Drawdowns
KBWR vs. KBE - Drawdown Comparison
The maximum KBWR drawdown since its inception was -52.86%, smaller than the maximum KBE drawdown of -83.15%. Use the drawdown chart below to compare losses from any high point for KBWR and KBE. For additional features, visit the drawdowns tool.
Volatility
KBWR vs. KBE - Volatility Comparison
Invesco KBW Regional Banking ETF (KBWR) has a higher volatility of 14.60% compared to SPDR S&P Bank ETF (KBE) at 13.06%. This indicates that KBWR's price experiences larger fluctuations and is considered to be riskier than KBE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.