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KBWP vs SPY

Comparison between INVESCO KBW PROPERTY & CASUALTY INSURANCE ETF (KBWP, ETF) and SPDR S&P 500 ETF Trust (SPY, ETF).

5-Year PerformanceKBWP has outperformed SPY, delivering a return of +14.2% compared to +12.4%

KBWP vs SPY - Performance Comparison

Key Characteristics

Financial metrics and valuation ratios

Net Assets
KBWP
$267M
Winner
SPY
$781B
Expense Ratio
KBWP
0.35%
Winner
SPY
0.09%
Max Drawdown
Winner
KBWP
40.31%
SPY
56.47%
Sharpe Ratio
KBWP
0.57
Winner
SPY
1.22
5Y Beta
Winner
KBWP
0.32
SPY
1.00
P/E Ratio
Winner
KBWP
11.27
SPY
28.78
Forward P/E
Winner
KBWP
12.29
SPY
21.25
PEG Ratio
KBWP
0.15
SPY
N/A
5Y Dividends CAGR
Winner
KBWP
9.21%
SPY
6.00%
5Y EPS CAGR
KBWP
20.37%
Winner
SPY
25.62%
Debt to Equity
KBWP
38.42%
Winner
SPY
31.92%
P/S Ratio
Winner
KBWP
1.63
SPY
3.76
P/B Ratio
Winner
KBWP
2.12
SPY
5.64

KBWP vs SPY - Holdings Comparison

KBWP and SPY have 17 common holdings. Overlap is 1.27%

KBWP's top 25 holdings weight is 99.99%. SPY's top 25 holdings weight is 51.74%.

RankKBWPSPY
#1
THE TRAVELERS COMPANIES INC (TRV) - 8.10%
NVIDIA CORP (NVDA) - 7.89%
#2
AON PLC CLASS A (AON) - 8.07%
APPLE INC (AAPL) - 7.37%
#3
MARSH (MRSH) - 7.91%
MICROSOFT CORP (MSFT) - 4.50%
#4
CHUBB LTD (CB) - 7.78%
AMAZON.COM INC (AMZN) - 3.82%
#5
PROGRESSIVE CORP (PGR) - 7.74%
ALPHABET INC CLASS A (GOOGL) - 3.33%
#6
ARTHUR J. GALLAGHER & CO (AJG) - 4.42%
BROADCOM INC (AVGO) - 2.86%
#7
BROWN & BROWN INC (BRO) - 4.27%
ALPHABET INC CLASS C (GOOG) - 2.68%
#8
ALLSTATE CORP (ALL) - 4.17%
META PLATFORMS INC CLASS A (META) - 2.29%
#9
WILLIS TOWERS WATSON PLC (WTW) - 4.10%
TESLA INC (TSLA) - 1.70%
#10
ARCH CAPITAL GROUP LTD (ACGL) - 3.96%
MICRON TECHNOLOGY INC (MU) - 1.56%
#11
WR BERKLEY CORP (WRB) - 3.95%
JPMORGAN CHASE & CO (JPM) - 1.42%
#12
CINCINNATI FINANCIAL CORP (CINF) - 3.93%
ELI LILLY AND CO (LLY) - 1.40%
#13
EVEREST GROUP LTD (EG) - 3.85%
BERKSHIRE HATHAWAY INC CLASS B (BRK-B) - 1.37%
#14
THE HARTFORD INSURANCE GROUP INC (HIG) - 3.80%
ADVANCED MICRO DEVICES INC (AMD) - 1.32%
#15
AMERICAN INTERNATIONAL GROUP INC (AIG) - 3.71%
EXXONMOBIL HOLDINGS CORP (XOM) - 0.92%
#16
ASSURANT INC (AIZ) - 3.62%
JOHNSON & JOHNSON (JNJ) - 0.91%
#17
RENAISSANCERE HOLDINGS LTD (RNR) - 3.50%
VISA INC CLASS A (V) - 0.90%
#18
AMERICAN FINANCIAL GROUP INC (AFG) - 3.06%
WALMART INC (WMT) - 0.76%
#19
AXIS CAPITAL HOLDINGS LTD (AXS) - 2.18%
INTEL CORP (INTC) - 0.75%
#20
THE HANOVER INSURANCE GROUP INC (THG) - 1.93%
APPLIED MATERIALS INC (AMAT) - 0.70%
#21
MERCURY GENERAL CORP (MCY) - 1.56%
CISCO SYSTEMS INC (CSCO) - 0.68%
#22
SELECTIVE INSURANCE GROUP INC (SIGI) - 1.50%
MASTERCARD INC CLASS A (MA) - 0.66%
#23
RLI CORP (RLI) - 1.42%
ABBVIE INC (ABBV) - 0.66%
#24
RYAN SPECIALTY HOLDINGS INC CLASS A (RYAN) - 1.40%
CATERPILLAR INC (CAT) - 0.65%
#25
INVESCO SHRT-TRM INV GOV&AGCY INSTL (AGPXX) - 0.06%
LAM RESEARCH CORP (LRCX) - 0.64%
Total Holdings26505

KBWP vs SPY - Historical Returns

Returns include dividend reinvestment.

1M
Winner
KBWP
+7.18%
SPY
+0.63%
3M
Winner
KBWP
+7.95%
SPY
+4.46%
6M
Winner
KBWP
+10.12%
SPY
+7.67%
1Y
KBWP
+13.16%
Winner
SPY
+17.68%
5Y(CAGR)
Winner
KBWP
+14.21%
SPY
+12.42%
10Y(CAGR)
KBWP
+12.60%
Winner
SPY
+14.84%
Max(CAGR)
Winner
KBWP
+13.59%
SPY
+8.44%

KBWP vs SPY - Annual Returns (1999 - 2026)

Returns include dividend reinvestment.

YearKBWPSPY
2026+6.90%+8.63%
2025+12.19%+18.00%
2024+28.79%+25.59%
2023+6.85%+26.72%
2022+10.93%-18.64%
2021+23.29%+30.52%
2020-1.94%+17.28%
2019+30.22%+31.09%
2018-0.62%-5.24%
2017+9.12%+20.78%
2016+22.06%+13.59%
2015+16.27%+1.31%
2014+12.15%+14.56%
2013+32.29%+29.00%
2012+24.21%+14.17%
2011-0.75%+0.85%
2010-0.04%+13.14%
2009N/A+22.67%
2008N/A-36.25%
2007N/A+5.32%
2006N/A+13.85%
2005N/A+5.32%
2004N/A+10.75%
2003N/A+24.18%
2002N/A-22.42%
2001N/A-10.13%
2000N/A-8.84%
1999N/A+8.61%

KBWP vs SPY Drawdown Comparison

The maximum drawdown for KBWP was -39.74%, occurring on Mar 23, 2020. Recovery took 269 trading sessions.

The maximum drawdown for SPY was -55.20%, occurring on Mar 9, 2009. Recovery took 1224 trading sessions.

The current KBWP drawdown is -1.93%. The current SPY drawdown is -2.57%.

RankKBWPSPY
#1-39.74%
Feb 11, 2020 - Mar 8, 2021		-55.20%
Oct 9, 2007 - Aug 16, 2012
#2-19.06%
Apr 29, 2011 - Feb 3, 2012		-47.50%
Mar 24, 2000 - Oct 26, 2006
#3-17.01%
Apr 1, 2022 - Nov 25, 2022		-33.70%
Feb 19, 2020 - Aug 10, 2020
#4-16.57%
Sep 21, 2018 - Apr 11, 2019		-24.50%
Jan 3, 2022 - Dec 13, 2023
#5-13.35%
Feb 7, 2023 - Nov 22, 2023		-19.34%
Sep 20, 2018 - Apr 12, 2019
#6-12.29%
Nov 27, 2024 - Apr 1, 2025		-18.76%
Feb 19, 2025 - Jun 26, 2025
#7-12.27%
Aug 4, 2017 - Nov 29, 2017		-13.02%
Jul 20, 2015 - Apr 18, 2016
#8-11.59%
Apr 1, 2025 - May 19, 2025		-10.10%
Jan 26, 2018 - Aug 6, 2018
#9-10.43%
Dec 31, 2013 - May 29, 2014		-9.44%
Sep 2, 2020 - Nov 11, 2020
#10-9.61%
Dec 29, 2015 - Mar 17, 2016		-9.30%
Jan 19, 2000 - Mar 17, 2000
#11-9.57%
Dec 30, 2025 - Jun 26, 2026		-9.05%
Jul 19, 2007 - Oct 5, 2007
#12-8.92%
May 10, 2021 - Aug 20, 2021		-8.88%
Jan 27, 2026 - Apr 14, 2026
#13-8.45%
Jun 2, 2025 - Dec 12, 2025		-8.41%
Jul 16, 2024 - Sep 19, 2024
#14-8.30%
Aug 18, 2015 - Oct 20, 2015		-7.35%
Sep 14, 2012 - Jan 2, 2013
#15-7.48%
Oct 25, 2021 - Jan 4, 2022		-7.27%
Sep 18, 2014 - Oct 31, 2014

Correlation

Correlation between KBWP and SPY is 0.98 which considered as a very strong positive correlation - the stocks move almost identically together.

0.98
-101

Dividend Comparison (1999 - 2026)

KBWP vs SPY dividend yield comparison.

YearKBWPSPY
20261.12%0.50%
20251.58%1.07%
20241.64%1.21%
20231.68%1.40%
20221.99%1.65%
20213.02%1.20%
20201.93%1.52%
20191.99%1.75%
20182.11%2.04%
20171.90%1.80%
20162.14%2.03%
20151.35%2.06%
20142.73%1.87%
20131.72%1.81%
20123.06%2.18%
20112.86%2.05%
20100.00%1.80%
20090.00%1.95%
20080.00%3.02%
20070.00%1.85%
20060.00%1.73%
20050.00%1.73%
20040.00%1.82%
20030.00%1.47%
20020.00%1.70%
20010.00%1.25%
20000.00%1.15%
19990.00%0.24%

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