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

Performance

KBWR vs. QQQ - Performance Comparison

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

-10.00%0.00%10.00%20.00%30.00%JuneJulyAugustSeptemberOctoberNovember
30.33%
10.25%
KBWR
QQQ

Returns By Period

The year-to-date returns for both investments are quite close, with KBWR having a 21.96% return and QQQ slightly higher at 22.63%. Over the past 10 years, KBWR has underperformed QQQ with an annualized return of 7.91%, while QQQ has yielded a comparatively higher 18.02% annualized return.


KBWR

YTD

21.96%

1M

9.87%

6M

30.33%

1Y

41.98%

5Y (annualized)

7.87%

10Y (annualized)

7.91%

QQQ

YTD

22.63%

1M

1.12%

6M

10.25%

1Y

30.41%

5Y (annualized)

20.71%

10Y (annualized)

18.02%

Key characteristics


KBWRQQQ
Sharpe Ratio1.421.75
Sortino Ratio2.282.34
Omega Ratio1.271.32
Calmar Ratio1.442.25
Martin Ratio5.078.17
Ulcer Index8.63%3.73%
Daily Std Dev30.92%17.44%
Max Drawdown-52.86%-82.98%
Current Drawdown-2.33%-2.75%

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KBWR vs. QQQ - Expense Ratio Comparison

KBWR has a 0.35% expense ratio, which is higher than QQQ's 0.20% expense ratio.


KBWR
Invesco KBW Regional Banking ETF
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%
Expense ratio chart for QQQ: current value at 0.20% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.20%

Correlation

-0.50.00.51.00.4

The correlation between KBWR and QQQ is 0.41, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.

Risk-Adjusted Performance

KBWR vs. QQQ - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco KBW Regional Banking ETF (KBWR) and Invesco QQQ (QQQ). 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 1.42, compared to the broader market0.002.004.001.421.75
The chart of Sortino ratio for KBWR, currently valued at 2.28, compared to the broader market-2.000.002.004.006.008.0010.002.282.34
The chart of Omega ratio for KBWR, currently valued at 1.27, compared to the broader market0.501.001.502.002.503.001.271.32
The chart of Calmar ratio for KBWR, currently valued at 1.44, compared to the broader market0.005.0010.0015.001.442.25
The chart of Martin ratio for KBWR, currently valued at 5.07, compared to the broader market0.0020.0040.0060.0080.00100.005.078.17
KBWR
QQQ

The current KBWR Sharpe Ratio is 1.42, which is comparable to the QQQ Sharpe Ratio of 1.75. The chart below compares the historical Sharpe Ratios of KBWR and QQQ, 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
1.42
1.75
KBWR
QQQ

Dividends

KBWR vs. QQQ - Dividend Comparison

KBWR's dividend yield for the trailing twelve months is around 2.47%, more than QQQ's 0.61% yield.


TTM20232022202120202019201820172016201520142013
KBWR
Invesco KBW Regional Banking ETF
2.47%2.89%2.51%2.04%2.92%2.44%2.45%1.59%1.50%1.92%1.79%1.50%
QQQ
Invesco QQQ
0.61%0.62%0.80%0.43%0.55%0.74%0.91%0.84%1.06%0.99%1.41%1.02%

Drawdowns

KBWR vs. QQQ - Drawdown Comparison

The maximum KBWR drawdown since its inception was -52.86%, smaller than the maximum QQQ drawdown of -82.98%. Use the drawdown chart below to compare losses from any high point for KBWR and QQQ. For additional features, visit the drawdowns tool.


-30.00%-25.00%-20.00%-15.00%-10.00%-5.00%0.00%JuneJulyAugustSeptemberOctoberNovember
-2.33%
-2.75%
KBWR
QQQ

Volatility

KBWR vs. QQQ - Volatility Comparison

Invesco KBW Regional Banking ETF (KBWR) has a higher volatility of 15.02% compared to Invesco QQQ (QQQ) at 5.62%. This indicates that KBWR's price experiences larger fluctuations and is considered to be riskier than QQQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.


2.00%4.00%6.00%8.00%10.00%12.00%14.00%16.00%JuneJulyAugustSeptemberOctoberNovember
15.02%
5.62%
KBWR
QQQ