KBWR vs. KBWB
Compare and contrast key facts about Invesco KBW Regional Banking ETF (KBWR) and Invesco KBW Bank ETF (KBWB).
KBWR and KBWB 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. KBWB is a passively managed fund by Invesco that tracks the performance of the KBW Nasdaq Bank Index. It was launched on Nov 1, 2011. Both KBWR and KBWB 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 KBWB.
Key characteristics
| KBWR | KBWB | |
|---|---|---|
| YTD Return | 7.95% | 28.47% |
| 1Y Return | 30.64% | 55.73% |
| 3Y Return (Ann) | -1.69% | -1.79% |
| 5Y Return (Ann) | 5.03% | 5.12% |
| 10Y Return (Ann) | 6.49% | 7.73% |
| Sharpe Ratio | 1.21 | 2.95 |
| Sortino Ratio | 1.89 | 3.95 |
| Omega Ratio | 1.22 | 1.49 |
| Calmar Ratio | 0.99 | 1.36 |
| Martin Ratio | 4.02 | 19.69 |
| Ulcer Index | 8.64% | 3.08% |
| Daily Std Dev | 28.58% | 20.33% |
| Max Drawdown | -52.86% | -50.27% |
| Current Drawdown | -10.59% | -10.94% |
Correlation
The correlation between KBWR and KBWB is 0.86, 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.
Performance
KBWR vs. KBWB - Performance Comparison
In the year-to-date period, KBWR achieves a 7.95% return, which is significantly lower than KBWB's 28.47% return. Over the past 10 years, KBWR has underperformed KBWB with an annualized return of 6.49%, while KBWB has yielded a comparatively higher 7.73% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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KBWR vs. KBWB - Expense Ratio Comparison
Both KBWR and KBWB have an expense ratio of 0.35%.
Risk-Adjusted Performance
KBWR vs. KBWB - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco KBW Regional Banking ETF (KBWR) and Invesco KBW Bank ETF (KBWB). 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. KBWB - Dividend Comparison
KBWR's dividend yield for the trailing twelve months is around 2.79%, more than KBWB's 2.65% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
KBWR Invesco KBW Regional Banking ETF | 2.79% | 2.89% | 2.51% | 2.04% | 2.92% | 2.44% | 2.45% | 1.59% | 1.50% | 1.92% | 1.79% | 1.49% |
KBWB Invesco KBW Bank ETF | 2.65% | 3.20% | 3.05% | 2.13% | 2.62% | 2.38% | 2.54% | 1.35% | 1.53% | 1.53% | 1.52% | 1.43% |
Drawdowns
KBWR vs. KBWB - Drawdown Comparison
The maximum KBWR drawdown since its inception was -52.86%, which is greater than KBWB's maximum drawdown of -50.27%. Use the drawdown chart below to compare losses from any high point for KBWR and KBWB. For additional features, visit the drawdowns tool.
Volatility
KBWR vs. KBWB - Volatility Comparison
Invesco KBW Regional Banking ETF (KBWR) has a higher volatility of 7.76% compared to Invesco KBW Bank ETF (KBWB) at 5.23%. This indicates that KBWR's price experiences larger fluctuations and is considered to be riskier than KBWB based on this measure. The chart below showcases a comparison of their rolling one-month volatility.