UMBF vs. KBWB

Last updated Jun 25, 2026

UMBF (UMB Financial Corporation) is a stock, while KBWB (Invesco KBW Bank ETF) is Financials Equities fund tracking the KBW Nasdaq Bank Index. Over the past 10 years, UMBF returned 12.20%/yr vs 14.02%/yr for KBWB. A 0.76 correlation means they provide meaningful diversification when combined.

Performance

UMBF vs. KBWB - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in UMB Financial Corporation (UMBF) and Invesco KBW Bank ETF (KBWB). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, UMBF achieves a 23.84% return, which is significantly higher than KBWB's 12.48% return. Over the past 10 years, UMBF has underperformed KBWB with an annualized return of 12.20%, while KBWB has yielded a comparatively higher 14.02% annualized return.

UMBF

• 1D: 1.43%
• 1M: 8.17%
• YTD: 23.84%
• 6M: 19.82%
• 1Y: 38.33%
• 3Y*: 37.34%
• 5Y*: 10.21%
• 10Y*: 12.20%

KBWB

• 1D: -0.41%
• 1M: 8.88%
• YTD: 12.48%
• 6M: 9.74%
• 1Y: 38.22%
• 3Y*: 36.88%
• 5Y*: 10.54%
• 10Y*: 14.02%

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

UMBF vs. KBWB - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
UMBF UMB Financial Corporation	23.84%	3.44%	37.34%	2.21%	-19.97%	56.04%	2.64%	14.71%	-13.86%	-5.37%
KBWB Invesco KBW Bank ETF	12.48%	32.05%	36.73%	-1.18%	-21.68%	37.72%	-10.46%	35.90%	-18.30%	18.11%

Correlation

The correlation between UMBF and KBWB is 0.69, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.69
Correlation (3Y) Calculated over the trailing 3-year period	0.76
Correlation (5Y) Calculated over the trailing 5-year period	0.76
Correlation (10Y) Calculated over the trailing 10-year period	0.78
Correlation (All Time) Calculated using the full available price history since Nov 1, 2011	0.76

The correlation between UMBF and KBWB has been stable across timeframes, ranging from 0.69 to 0.78 - a consistent structural relationship.

Return for Risk

UMBF vs. KBWB — Risk / Return Rank

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

UMBF

UMBF Risk / Return Rank: 78
UMBF Sharpe Ratio Rank: 82
UMBF Sortino Ratio Rank: 76
UMBF Omega Ratio Rank: 77
UMBF Calmar Ratio Rank: 77
UMBF Martin Ratio Rank: 76

KBWB

KBWB Risk / Return Rank: 57
KBWB Sharpe Ratio Rank: 65
KBWB Sortino Ratio Rank: 59
KBWB Omega Ratio Rank: 61
KBWB Calmar Ratio Rank: 53
KBWB Martin Ratio Rank: 48

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.

UMBF vs. KBWB - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for UMB Financial Corporation (UMBF) 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.

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.

	UMBF	KBWB	Difference
Sharpe ratio: Return per unit of total volatility	1.43	1.90	-0.47
Sortino ratio: Return per unit of downside risk	1.96	2.50	-0.54
Omega ratio: Gain probability vs. loss probability	1.27	1.33	-0.07
Calmar ratio: Return relative to maximum drawdown	2.07	2.34	-0.27
Martin ratio: Return relative to average drawdown	4.79	7.37	-2.58

UMBF vs. KBWB - Sharpe Ratio Comparison

The current UMBF Sharpe Ratio is 1.43, which is comparable to the KBWB Sharpe Ratio of 1.90. The chart below compares the historical Sharpe Ratios of UMBF and KBWB, 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

UMBF vs. KBWB - Drawdown Comparison

The maximum UMBF drawdown since its inception was -52.70%, roughly equal to the maximum KBWB drawdown of -50.27%. Use the drawdown chart below to compare losses from any high point for UMBF and KBWB.

Drawdown Indicators

	UMBF	KBWB	Difference
Max Drawdown Largest peak-to-trough decline	-52.70%	-50.27%	-2.43%
Max Drawdown (1Y) Largest decline over 1 year	-18.57%	-16.38%	-2.19%
Max Drawdown (3Y) Largest decline over 3 years	-31.80%	-25.43%	-6.37%
Max Drawdown (5Y) Largest decline over 5 years	-50.25%	-49.31%	-0.94%
Max Drawdown (10Y) Largest decline over 10 years	-50.25%	-50.27%	+0.02%
Current Drawdown Current decline from peak	0.00%	-0.41%	+0.41%
Average Drawdown Average peak-to-trough decline	-17.75%	-11.70%	-6.05%
Ulcer Index Depth and duration of drawdowns from previous peaks	8.02%	5.20%	+2.82%

Volatility

UMBF vs. KBWB - Volatility Comparison

UMB Financial Corporation (UMBF) has a higher volatility of 7.35% compared to Invesco KBW Bank ETF (KBWB) at 5.72%. This indicates that UMBF'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.

Volatility by Period

	UMBF	KBWB	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.35%	5.72%	+1.63%
Volatility (6M) Calculated over the trailing 6-month period	18.49%	15.86%	+2.63%
Volatility (1Y) Calculated over the trailing 1-year period	27.03%	20.21%	+6.82%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	33.22%	26.55%	+6.67%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	33.46%	29.12%	+4.34%

Dividends

UMBF vs. KBWB - Dividend Comparison

UMBF's dividend yield for the trailing twelve months is around 1.19%, less than KBWB's 1.98% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
KBWB Invesco KBW Bank ETF	1.98%	2.04%	2.46%	3.20%	3.05%	2.13%	2.62%	2.38%	2.54%	1.35%	1.53%	1.53%
UMBF UMB Financial Corporation	1.19%	1.42%	1.39%	1.83%	1.78%	1.30%	1.81%	1.76%	1.92%	1.45%	1.28%	2.04%

Frequently Asked Questions

Can I hold both UMBF and KBWB in my portfolio?

UMBF and KBWB have a correlation of 0.69, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, UMBF or KBWB?

UMBF has higher volatility (7.35%) compared to KBWB (5.72%). In terms of maximum drawdown, UMBF dropped -52.70% vs KBWB's -50.27%.

Which has better risk-adjusted returns?

KBWB currently has the higher Sharpe Ratio (1.90 vs 1.43), 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.