RDVY vs. KBWP

Last updated Jun 14, 2026

RDVY (First Trust Rising Dividend Achievers ETF) and KBWP (Invesco KBW Property & Casualty Insurance ETF) are both exchange-traded funds - RDVY is a Large Cap Blend Equities fund tracking the NASDAQ US Rising Dividend Achievers, while KBWP is a Financials Equities fund tracking the KBW Nasdaq Property & Casualty (TR). Both are passively managed. Over the past 10 years, RDVY returned 16.29%/yr vs 12.09%/yr for KBWP. A 0.60 correlation means they provide meaningful diversification when combined. RDVY charges 0.50%/yr vs 0.35%/yr for KBWP.

Performance

RDVY vs. KBWP - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in First Trust Rising Dividend Achievers ETF (RDVY) and Invesco KBW Property & Casualty Insurance ETF (KBWP). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, RDVY achieves a 13.41% return, which is significantly higher than KBWP's -3.45% return. Over the past 10 years, RDVY has outperformed KBWP with an annualized return of 16.29%, while KBWP has yielded a comparatively lower 12.09% annualized return.

RDVY

• 1D: 1.11%
• 1M: 5.69%
• YTD: 13.41%
• 6M: 12.60%
• 1Y: 31.20%
• 3Y*: 20.46%
• 5Y*: 12.03%
• 10Y*: 16.29%

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%

*Multi-year figures are annualized to reflect compound growth (CAGR)

RDVY vs. KBWP - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
RDVY First Trust Rising Dividend Achievers ETF	13.41%	18.90%	16.41%	20.38%	-13.27%	31.14%	13.47%	37.71%	-9.92%	22.75%
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 RDVY and KBWP is 0.26, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.26
Correlation (3Y) Calculated over the trailing 3-year period	0.41
Correlation (5Y) Calculated over the trailing 5-year period	0.54
Correlation (10Y) Calculated over the trailing 10-year period	0.60
Correlation (All Time) Calculated using the full available price history since Jan 7, 2014	0.60

Over the past year, the correlation between RDVY and KBWP has dropped to 0.26 - well below their long-term average of 0.60, suggesting their price drivers have been diverging.

RDVY vs. KBWP - Sectors Allocation Comparison

Sectors	RDVY	KBWP
Financial Services	33.5%	100.0%
Technology	26.9%	-
Industrials	13.6%	-
Consumer Cyclical	10.9%	-
Communication Services	5.5%	-
Healthcare	3.9%	-
Consumer Defensive	3.4%	-
Energy	2.4%	-
Utilities	1.4%	-
Basic Materials	-	-
Real Estate	-	-

Return for Risk

RDVY vs. KBWP — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

RDVY

RDVY Risk / Return Rank: 74
RDVY Sharpe Ratio Rank: 73
RDVY Sortino Ratio Rank: 75
RDVY Omega Ratio Rank: 70
RDVY Calmar Ratio Rank: 74
RDVY Martin Ratio Rank: 81

KBWP

KBWP Risk / Return Rank: 10
KBWP Sharpe Ratio Rank: 10
KBWP Sortino Ratio Rank: 10
KBWP Omega Ratio Rank: 10
KBWP Calmar Ratio Rank: 11
KBWP Martin Ratio Rank: 11

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

RDVY vs. KBWP - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for First Trust Rising Dividend Achievers ETF (RDVY) 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.

	RDVY	KBWP	Difference
Sharpe ratio: Return per unit of total volatility	2.03	0.06	+1.97
Sortino ratio: Return per unit of downside risk	2.90	0.20	+2.70
Omega ratio: Gain probability vs. loss probability	1.36	1.02	+0.33
Calmar ratio: Return relative to maximum drawdown	3.26	0.11	+3.15
Martin ratio: Return relative to average drawdown	13.71	0.24	+13.47

RDVY vs. KBWP - Sharpe Ratio Comparison

The current RDVY Sharpe Ratio is 2.03, which is higher than the KBWP Sharpe Ratio of 0.06. The chart below compares the historical Sharpe Ratios of RDVY and KBWP, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

RDVY vs. KBWP - Drawdown Comparison

The maximum RDVY drawdown since its inception was -40.60%, roughly equal to the maximum KBWP drawdown of -39.76%. Use the drawdown chart below to compare losses from any high point for RDVY and KBWP.

Drawdown Indicators

	RDVY	KBWP	Difference
Max Drawdown Largest peak-to-trough decline	-40.60%	-39.76%	-0.84%
Max Drawdown (1Y) Largest decline over 1 year	-9.04%	-9.56%	+0.52%
Max Drawdown (3Y) Largest decline over 3 years	-19.11%	-12.29%	-6.82%
Max Drawdown (5Y) Largest decline over 5 years	-25.32%	-17.00%	-8.32%
Max Drawdown (10Y) Largest decline over 10 years	-40.60%	-39.76%	-0.84%
Current Drawdown Current decline from peak	0.00%	-4.25%	+4.25%
Average Drawdown Average peak-to-trough decline	-4.99%	-4.37%	-0.62%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.15%	4.31%	-2.16%

Volatility

RDVY vs. KBWP - Volatility Comparison

The current volatility for First Trust Rising Dividend Achievers ETF (RDVY) is 5.04%, while Invesco KBW Property & Casualty Insurance ETF (KBWP) has a volatility of 5.73%. This indicates that RDVY experiences smaller price fluctuations and is considered to be less risky than KBWP based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	RDVY	KBWP	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.04%	5.73%	-0.69%
Volatility (6M) Calculated over the trailing 6-month period	11.50%	12.10%	-0.60%
Volatility (1Y) Calculated over the trailing 1-year period	14.48%	16.50%	-2.02%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.98%	18.60%	+0.38%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	21.13%	20.73%	+0.40%

RDVY vs. KBWP - Expense Ratio Comparison

RDVY has a 0.50% expense ratio, which is higher than KBWP's 0.35% expense ratio.

Dividends

RDVY vs. KBWP - Dividend Comparison

RDVY's dividend yield for the trailing twelve months is around 0.89%, 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%
RDVY First Trust Rising Dividend Achievers ETF	0.89%	1.11%	1.64%	2.09%	2.21%	1.04%	1.53%	1.55%	1.68%	1.25%	2.07%	2.14%

Frequently Asked Questions

Can I hold both RDVY and KBWP in my portfolio?

RDVY and KBWP have a correlation of 0.26, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, RDVY or KBWP?

KBWP has higher volatility (5.73%) compared to RDVY (5.04%). In terms of maximum drawdown, RDVY dropped -40.60% vs KBWP's -39.76%.

Which ETF is better, RDVY or KBWP?

On 10-year performance, RDVY leads with 16.29% vs 12.09% for KBWP. On fees, KBWP is cheaper at 0.35% per year. On volatility, RDVY has been the lower-risk option at 5.04%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, RDVY or KBWP?

Over the 10-year period, RDVY has performed better with a 16.29% return vs 12.09%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, RDVY or KBWP?

KBWP is cheaper with a 0.35% expense ratio, compared with 0.50% for RDVY.

Which ETF pays a higher dividend yield, RDVY or KBWP?

KBWP has the higher dividend yield at 1.92%, compared with 0.89% for RDVY.

What is the main difference between RDVY and KBWP?

RDVY is categorized as Large Cap Blend Equities, while KBWP is Financials Equities. RDVY tracks NASDAQ US Rising Dividend Achievers, while KBWP tracks KBW Nasdaq Property & Casualty (TR). They also come from different issuers: First Trust and Invesco. Their fees differ too: 0.50% for RDVY and 0.35% for KBWP.

Which has better risk-adjusted returns?

RDVY currently has the higher Sharpe Ratio (2.03 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.