MFG vs. KBWP
MFG (Mizuho Financial Group, Inc.) is a stock, while KBWP (Invesco KBW Property & Casualty Insurance ETF) is Financials Equities fund tracking the KBW Nasdaq Property & Casualty (TR). Over the past 10 years, MFG returned 15.72%/yr vs 12.09%/yr for KBWP. At a 0.28 correlation, their price movements are largely independent.
Performance
MFG vs. KBWP - Performance Comparison
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Returns By Period
In the year-to-date period, MFG achieves a 32.24% return, which is significantly higher than KBWP's -3.45% return. Over the past 10 years, MFG has outperformed KBWP with an annualized return of 15.72%, while KBWP has yielded a comparatively lower 12.09% annualized return.
MFG
- 1D
- 1.68%
- 1M
- 11.39%
- YTD
- 32.24%
- 6M
- 31.34%
- 1Y
- 78.46%
- 3Y*
- 51.80%
- 5Y*
- 30.84%
- 10Y*
- 15.72%
KBWP
- 1D
- 0.54%
- 1M
- 3.51%
- YTD
- -3.45%
- 6M
- -2.31%
- 1Y
- 1.98%
- 3Y*
- 16.13%
- 5Y*
- 11.67%
- 10Y*
- 12.09%
MFG vs. KBWP - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
MFG Mizuho Financial Group, Inc. | 32.24% | 54.60% | 47.85% | 26.14% | 17.09% | 2.40% | -15.06% | 3.00% | -17.58% | 3.21% |
KBWP Invesco KBW Property & Casualty Insurance ETF | -3.45% | 11.49% | 30.45% | 7.09% | 10.16% | 20.61% | -2.05% | 28.67% | -2.76% | 8.86% |
Correlation
The correlation between MFG and KBWP is 0.04, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.04 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.14 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.25 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.29 |
Correlation (All Time) Calculated using the full available price history since Dec 22, 2010 | 0.28 |
Over the past year, the correlation between MFG and KBWP has dropped to 0.04 - well below their long-term average of 0.28, suggesting their price drivers have been diverging.
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Return for Risk
MFG vs. KBWP — Risk / Return Rank
MFG
KBWP
MFG vs. KBWP - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Mizuho Financial Group, Inc. (MFG) and Invesco KBW Property & Casualty Insurance ETF (KBWP). 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.
| MFG | KBWP | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.44 | ||
| Sortino ratioReturn per unit of downside risk | +2.98 | ||
| Omega ratioGain probability vs. loss probability | 1.40 | 1.02 | +0.37 |
| Calmar ratioReturn relative to maximum drawdown | 3.11 | 0.11 | +3.00 |
| Martin ratioReturn relative to average drawdown | 8.25 | 0.24 | +8.01 |
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Drawdowns
MFG vs. KBWP - Drawdown Comparison
The maximum MFG drawdown since its inception was -80.57%, which is greater than KBWP's maximum drawdown of -39.76%. Use the drawdown chart below to compare losses from any high point for MFG and KBWP.
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Drawdown Indicators
| MFG | KBWP | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -80.57% | -39.76% | -40.81% |
Max Drawdown (1Y)Largest decline over 1 year | -24.78% | -9.56% | -15.22% |
Max Drawdown (3Y)Largest decline over 3 years | -28.33% | -12.29% | -16.04% |
Max Drawdown (5Y)Largest decline over 5 years | -28.33% | -17.00% | -11.33% |
Max Drawdown (10Y)Largest decline over 10 years | -49.87% | -39.76% | -10.11% |
Current DrawdownCurrent decline from peak | -4.06% | -4.25% | +0.19% |
Average DrawdownAverage peak-to-trough decline | -60.82% | -4.37% | -56.45% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 9.31% | 4.31% | +5.00% |
Volatility
MFG vs. KBWP - Volatility Comparison
Mizuho Financial Group, Inc. (MFG) has a higher volatility of 10.09% compared to Invesco KBW Property & Casualty Insurance ETF (KBWP) at 5.73%. This indicates that MFG's price experiences larger fluctuations and is considered to be riskier than KBWP based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MFG | KBWP | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.09% | 5.73% | +4.36% |
Volatility (6M)Calculated over the trailing 6-month period | 24.20% | 12.10% | +12.10% |
Volatility (1Y)Calculated over the trailing 1-year period | 30.69% | 16.50% | +14.19% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 29.66% | 18.60% | +11.06% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 26.49% | 20.73% | +5.76% |
Dividends
MFG vs. KBWP - Dividend Comparison
MFG's dividend yield for the trailing twelve months is around 0.96%, less than KBWP's 1.92% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
KBWP Invesco KBW Property & Casualty Insurance ETF | 1.92% | 1.58% | 1.64% | 1.68% | 1.99% | 3.02% | 1.93% | 1.99% | 2.11% | 1.90% | 2.14% | 1.35% |
MFG Mizuho Financial Group, Inc. | 0.96% | 2.68% | 3.20% | 3.73% | 4.34% | 2.76% | 2.71% | 0.00% | 0.00% | 1.86% | 3.77% | 3.10% |
Frequently Asked Questions
MFG and KBWP have a correlation of 0.04, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
MFG has higher volatility (10.09%) compared to KBWP (5.73%). In terms of maximum drawdown, MFG dropped -80.57% vs KBWP's -39.76%.
MFG currently has the higher Sharpe Ratio (2.51 vs 0.06), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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