NEE vs. KBWD
NEE (NextEra Energy, Inc.) is a stock, while KBWD (Invesco KBW High Dividend Yield Financial ETF) is Financials Equities fund tracking the KBW Nasdaq Financial Sector Dividend Yield Index. Over the past 10 years, NEE returned 13.51%/yr vs 5.25%/yr for KBWD. At a 0.29 correlation, their price movements are largely independent.
Performance
NEE vs. KBWD - Performance Comparison
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Returns By Period
In the year-to-date period, NEE achieves a 8.63% return, which is significantly higher than KBWD's -3.74% return. Over the past 10 years, NEE has outperformed KBWD with an annualized return of 13.51%, while KBWD has yielded a comparatively lower 5.25% annualized return.
NEE
- 1D
- 1.36%
- 1M
- -9.47%
- YTD
- 8.63%
- 6M
- 6.81%
- 1Y
- 18.32%
- 3Y*
- 8.11%
- 5Y*
- 5.94%
- 10Y*
- 13.51%
KBWD
- 1D
- 0.80%
- 1M
- -1.25%
- YTD
- -3.74%
- 6M
- -4.15%
- 1Y
- 3.52%
- 3Y*
- 5.00%
- 5Y*
- 0.34%
- 10Y*
- 5.25%
NEE vs. KBWD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
NEE NextEra Energy, Inc. | 8.63% | 15.47% | 21.46% | -25.30% | -8.54% | 23.39% | 30.06% | 42.69% | 14.30% | 34.39% |
KBWD Invesco KBW High Dividend Yield Financial ETF | -3.74% | 5.59% | 4.30% | 20.21% | -19.14% | 31.89% | -15.58% | 20.72% | -8.70% | 12.06% |
Correlation
The correlation between NEE and KBWD is 0.14, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.14 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.28 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.32 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.25 |
Correlation (All Time) Calculated using the full available price history since Dec 2, 2010 | 0.30 |
The correlation between NEE and KBWD shifts across timeframes, from 0.14 (1 year) to 0.32 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
NEE vs. KBWD — Risk / Return Rank
NEE
KBWD
NEE vs. KBWD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for NextEra Energy, Inc. (NEE) and Invesco KBW High Dividend Yield Financial ETF (KBWD). 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.
| NEE | KBWD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.71 | ||
| Sortino ratioReturn per unit of downside risk | +1.01 | ||
| Omega ratioGain probability vs. loss probability | 1.17 | 1.03 | +0.13 |
| Calmar ratioReturn relative to maximum drawdown | 1.37 | 0.13 | +1.24 |
| Martin ratioReturn relative to average drawdown | 3.78 | 0.32 | +3.46 |
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Drawdowns
NEE vs. KBWD - Drawdown Comparison
The maximum NEE drawdown since its inception was -47.81%, smaller than the maximum KBWD drawdown of -58.63%. Use the drawdown chart below to compare losses from any high point for NEE and KBWD.
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Drawdown Indicators
| NEE | KBWD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -47.81% | -58.63% | +10.82% |
Max Drawdown (1Y)Largest decline over 1 year | -14.53% | -15.05% | +0.52% |
Max Drawdown (3Y)Largest decline over 3 years | -34.57% | -19.65% | -14.92% |
Max Drawdown (5Y)Largest decline over 5 years | -44.97% | -30.74% | -14.23% |
Max Drawdown (10Y)Largest decline over 10 years | -44.97% | -58.63% | +13.66% |
Current DrawdownCurrent decline from peak | -11.50% | -10.58% | -0.92% |
Average DrawdownAverage peak-to-trough decline | -8.93% | -7.41% | -1.52% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.25% | 6.10% | -0.85% |
Volatility
NEE vs. KBWD - Volatility Comparison
NextEra Energy, Inc. (NEE) has a higher volatility of 8.52% compared to Invesco KBW High Dividend Yield Financial ETF (KBWD) at 4.70%. This indicates that NEE's price experiences larger fluctuations and is considered to be riskier than KBWD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| NEE | KBWD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.52% | 4.70% | +3.82% |
Volatility (6M)Calculated over the trailing 6-month period | 16.75% | 12.36% | +4.39% |
Volatility (1Y)Calculated over the trailing 1-year period | 23.78% | 15.59% | +8.19% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 26.91% | 19.89% | +7.02% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 25.49% | 23.25% | +2.24% |
Dividends
NEE vs. KBWD - Dividend Comparison
NEE's dividend yield for the trailing twelve months is around 2.77%, less than KBWD's 14.14% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
KBWD Invesco KBW High Dividend Yield Financial ETF | 14.14% | 12.83% | 12.45% | 11.45% | 11.32% | 7.26% | 9.68% | 8.63% | 9.47% | 8.77% | 8.68% | 8.89% |
NEE NextEra Energy, Inc. | 2.77% | 2.82% | 2.87% | 3.08% | 2.03% | 1.65% | 1.81% | 2.06% | 2.55% | 2.52% | 2.91% | 2.96% |
Frequently Asked Questions
NEE and KBWD have a correlation of 0.14, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
NEE has higher volatility (8.52%) compared to KBWD (4.70%). In terms of maximum drawdown, NEE dropped -47.81% vs KBWD's -58.63%.
NEE currently has the higher Sharpe Ratio (0.84 vs 0.13), 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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