KBWD
Invesco KBW High Dividend Yield Financial ETF

Price: $14.60
Change: $0.34 (-0.02%)
Last Updated:

Vitals

Issuer Invesco
Brand Invesco
Structure ETF
Expense Ratio 2.59%
ETF Home Page Home page
Inception Dec 02, 2010

Analyst Report

This ETF is one of the more unique offerings in the financial sector, as KBWD offers a way to access banks and other institutions that pay out attractive dividend yields. KBWD is definitely a risky bet, as the underlying companies generally include the less stable financial institutions that aren’t necessarily on strong fiscal footing. As such, this fund probably isn’t appropriate for those with a low risk tolerance and the hyper-targeted nature diminishes the appeal to those constructing a balanced portfolio for the long run. But for those seeking to tilt towards dividend paying stocks and enhance the current return generated from the equity side of a portfolio, KBWD can be a very attractive option, as the effective dividend yield may be in excess of 10%. The dividend weighted methodology may have some appeal to investors, not only because it maximizes current returns but because the potential drawbacks of cap weighting are avoided entirely. KBWD is appropriate only for a very small slice of investors, but it can be a very powerful tool for opportunistic, yield-hungry individuals or clients.

ETF Database Themes

Asset Class Equity
Asset Class Size Multi-Cap
Asset Class Style Blend
Sector (General) Financials
Sector (Specific) Broad
Region (General) North America
Region (Specific) U.S.

FactSet Classifications

Segment Equity: U.S. Financials
Category Sector
Focus Financials
Niche Broad-based
Strategy Dividends
Weighting Scheme Tiered

Trading Data

Open - Volume -
Day Lo - Day Hi -
  • Open
  • Volume
  • Day Lo
  • Day Hi
  • 52 Week Lo $13.64
  • 52 Week Hi $19.85
  • AUM $332.7 M
  • Shares 23.7 M

Historical Trading Data

  • 1 Month Avg. Volume 201,543
  • 3 Month Avg. Volume 122,798

Alternative ETFs in the ETF Database Financials Equities Category

Type Symbol Expense Ratio Assets Avg. Daily Vol YTD Return
Cheapest FNCL 0.08% $1.5 B 99,070 -16.95%
Largest (AUM) XLF 0.10% $28.9 B 40 M -16.63%
Most Liquid (Volume) XLF 0.10% $28.9 B 40 M -16.63%
Top YTD Performer KWT 0.74% $30.0 M 9,280 3.60%

Alternative ETFs in the FactSet Equity: U.S. Financials Segment

Type Symbol Expense Ratio Assets Avg. Daily Vol YTD Return
Cheapest GABF 0.00% $5.2 M 306 N/A
Largest (AUM) XLF 0.10% $28.9 B 40 M -16.63%
Most Liquid (Volume) XLF 0.10% $28.9 B 40 M -16.63%
Top YTD Performer KBE 0.35% $2.1 B 2 M -11.93%

Top 15 Holdings

Concentration Analysis

This section compares how balanced and deep this ETF is relative to its peers.

Holdings Comparison

KBWD ETF Database Category Average FactSet Segment Average
Number of Holdings 40 92 133
% of Assets in Top 10 36.53% 45.27% 30.27%
% of Assets in Top 15 52.10% 56.96% 39.02%
% of Assets in Top 50 99.99% 88.22% 73.80%

Size Comparison

KBWD ETF Database Category Average FactSet Segment Average
Large (>12.9B) 1.69% 51.91% 55.31%
Mid (>2.7B) 26.18% 28.19% 22.71%
Small (>600M) 59.75% 12.90% 12.77%
Micro (<600M) 10.04% 2.73% 1.02%

KBWD Valuation

This section compares the P/E ratio of this ETF to its peers.

KBWD
P/E Ratio
13.03
ETF Database Category Average
P/E Ratio
13.63
FactSet Segment Average
P/E Ratio
13.56

KBWD Dividend

This section compares the dividend yield of this ETF to its peers.

KBWD ETF Database Category Average FactSet Segment Average
Dividend $ 0.13 $ 0.35 $ 0.29
Dividend Date 2021-10-18 N/A N/A
Annual Dividend Rate $ 1.43 $ 1.09 $ 1.04
Annual Dividend Yield 6.69% 2.08% 1.77%

KBWD Price and Volume Charts

View charts featuring KBWD price and volume data.

KBWD Fund Flows Charts

View charts featuring ETF fund flow data.

5 Day Net Flows: -15.82 M 1 Month Net Flows: -12.46 M 3 Month Net Flows: -2.74 M 6 Month Net Flows: -8.75 M 1 Year Net Flows: 22.95 M 3 Year Net Flows: 189.35 M 5 Year Net Flows: 195.27 M 10 Year Net Flows: 387.6 M

KBWD Price vs Flows AUM Influence Charts

View charts that break down the influence that fund flows and price had on overall assets.

5 Day Net AUM Change: -27.32 M
1 Month Net AUM Change: -90.19 M
3 Month Net AUM Change: -61.42 M
6 Month Net AUM Change: -145.83 M
1 Year Net AUM Change: -136.68 M
3 Year Net AUM Change: 55.9 M
5 Year Net AUM Change: 10.44 M
10 Year Net AUM Change: 176.77 M

Realtime Rating

The adjacent table gives investors an individual Realtime Rating for KBWD on several different metrics, including liquidity, expenses, performance, volatility, dividend, concentration of holdings in addition to an overall rating. The "A+ Metric Rated ETF" field, available to ETF Database Pro members, shows the ETF in the Financials Equities with the highest Metric Realtime Rating for each individual field. To view all of this data, sign up for a free 14-day trial for ETF Database Pro. To view information on how the ETF Database Realtime Ratings work, click here.

Metric Metric Realtime Rating A+ Metric Rated ETF
Liquidity B+ XLF
Expenses C FNCL
Performance
Volatility
Dividend
Concentration

A+ Overall Rated ETF:

KBWD Expenses & Fees

This section compares the cost efficiency of this ETF to its peers.

Expenses Ratio Analysis

KBWD
Expense Ratio
2.59%
ETF Database Category Average
Expense Ratio
0.92%
FactSet Segment Average
Expense Ratio
0.48%

Tax Analysis

Max ST Capital Gains Rate 39.60%
Max LT Capital Gains Rate 20.00%
Tax On Distributions Qualified dividends
Distributes K1 No
ESG Themes and Scores

KBWD does not have an ESG score. There are no ESG themes that map to this ETF.

KBWD Performance

This section shows how this ETF has performed relative to its peers.

KBWD ETF Database
Category Average
Factset Segment
Average
1 Month Return -13.05% -2.30% -2.53%
3 Month Return -10.99% 0.99% 0.34%
YTD Return -22.76% -16.13% -15.20%
1 Year Return -22.87% -14.75% -13.92%
3 Year Return -5.77% 17.74% 16.65%
5 Year Return -5.98% 23.59% 25.50%

Geographic Exposure

The following charts reflect the geographic spread of KBWD's underlying holdings.

Region Percentage
North, Central and South America 100.69%
Other -0.7%
Country Percentage
United States 95.34%
Bermuda 3.77%
Cayman Islands 1.58%
Other -0.7%

Holdings Analysis

The following charts reflect the allocation of KBWD's underlying holdings.

Sector Percentage
Finance 91.91%
Miscellaneous 5.35%
Commercial Services 3.43%
CASH -0.7%
Market Cap Percentage
Small 59.75%
Mid 26.18%
Micro 10.04%
Large 1.69%
Region Percentage
Asset Percentage
Share/Common/Ordinary 97.92%
Closed-ended Fund 2.77%
CASH -0.7%
Sector Percentage
Finance 91.91%
Miscellaneous 5.35%
Commercial Services 3.43%
CASH -0.7%

KBWD Technicals

Volatility Analysis

This section shows how the volatility of this ETF compares to the peer group ETF Database Category.

5 Day Volatility 194.39%
20 Day Volatility 40.03%
50 Day Volatility 29.67%
200 Day Volatility 29.09%
Beta 1.42
Standard Deviation 1.24%
5 Day Volatility
194.39%
Rank
16 of 31

20 Day Volatility
40.03%
Rank
2 of 31

50 Day Volatility
29.67%
Rank
2 of 31

200 Day Volatility
29.09%
Rank
5 of 31

Beta
1.42
Rank
2 of 31

Standard Deviation
1.24%
Rank
29 of 31

Technicals

  • 20 Day MA $15.67
  • 60 Day MA $16.77
  • MACD 15 Period -0.64
  • MACD 100 Period -2.11
  • Williams % Range 10 Day 63.79
  • Williams % Range 20 Day 74.11
  • RSI 10 Day 38
  • RSI 20 Day 36
  • RSI 30 Day 38
  • Ultimate Oscillator 46

Bollinger Bands

  • Lower Bollinger (10 Day) $13.44
  • Upper Bollinger (10 Day) $15.84
  • Lower Bollinger (20 Day) $13.39
  • Upper Bollinger (20 Day) $18.00
  • Lower Bollinger (30 Day) $13.81
  • Upper Bollinger (30 Day) $18.57

Support & Resistance

  • Support Level 1 n/a
  • Support Level 2 $14.04
  • Resistance Level 1 n/a
  • Resistance Level 2 $15.05

Stochastic

  • Stochastic Oscillator %D (1 Day) 62.90
  • Stochastic Oscillator %D (5 Day) 54.39
  • Stochastic Oscillator %K (1 Day) 49.07
  • Stochastic Oscillator %K (5 Day) 33.56

Tradability

  • Tracking Difference Median (%) -0.28
  • Tracking Difference Max Upside (%) -0.16
  • Tracking Difference Max Downside (%) -1.30
  • Median Premium Discount (%) 0.04
  • Maximum Premium Discount (%) 0.16
  • Average Spread (%) 2.02
  • Average Spread ($) 2.02

Financial Advisor Report

ETF Database's Financial Advisor Reports are designed as an easy handout for clients to explain the key information on a fund. Includes new analyst insights and classification data.

Fact Sheet

Fact sheets are issued by the ETF provider and framed by ETF Database. Information contained within the fact sheet is not guaranteed to be timely or accurate.

Data Lineage

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Analyst Report Authors

ETF Database analysts have a combined 50 years in the ETF and Financial markets, covering every asset class and investment style. The team monitors new filings, new launches and new issuers to make sure we place each new ETF in the appropriate context so Financial Advisors can construct high quality portfolios.

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Copyright MSCI ESG Research LLC [2018]. All Rights Reserved. MSCI ESG Research LLC’s (“MSCI ESG”) Fund Metrics products (the “Information”) provide environmental, social and governance data with respect to underlying securities within more than 23,000 multi-asset class Mutual Funds and ETFs globally. MSCI ESG is a Registered Investment Adviser under the Investment Advisers Act of 1940. MSCI ESG materials have not been submitted, to nor received approval from, the US SEC or any other regulatory body. None of the information constitutes an offer to buy or sell, or a promotion or recommendation of, any security, financial instrument or product or trading strategy, nor should it be taken as an indication or guarantee of any future performance, analysis, forecast or prediction. None of the Information can be used to determine which securities to buy or sell or when to buy or sell them. The Information is provided “as is” and the user of the Information assumes the entire risk of any use it may make or permit to be made of the Information. All Information is provided solely for your internal use, and may not be reproduced or redisseminated in any form without express prior written permission from MSCI. Neither MSCI ESG nor any of its affiliates or any third party involved in or related to creating any Information makes any express or implied warranties, representations or guarantees, and in no event will MSCI ESG or any such affiliate or third party have any liability for any direct, indirect, special, punitive, consequential or any other damages (including lost profits) relating to any Information. More information on MSCI ESG Fund Metrics, provided by MSCI ESG Research LLC, can be found at https://www.msci.com/esg-fund-metrics.
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