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ETFs

Invesco Exchange-Traded Fund Trust II Invesco KBW Bank ETF

KBWB
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
Nov 01 2011
Expense Ratio
0.35%
Type
US Equities
Fund Owner
Invesco
Volume (1m avg. daily)
$59,583,280
AUM
$1,381,628,301
Associated Index
KBW Nasdaq Bank Index
Inverse/Leveraged
No
Passive/Active
Passive
Fractionable on Composer
Yes
Prospectus
View

Top 10 Holdings

JPM
JPMorgan Chase & Co.
10.08%
C
Citigroup Inc
9.67%
WFC
Wells Fargo & Co.
9.15%
BAC
Bank Of America Corp.
8.84%
USB
U.S. Bancorp.
7.09%
COF
Capital One Financial Corp.
5.33%
BK
Bank Of New York Mellon Corp
4.43%
STT
State Street Corp.
4.34%
MTB
M & T Bank Corp
4.25%
PNC
PNC Financial Services Group Inc
4.15%
Invest with KBWB

What is KBWB?

The Invesco KBW Bank ETF (Fund) is based on the KBW Nasdaq Bank Index (Index). The Fund will normally invest at least 90% of its total assets in securities that comprise the Underlying Index. The Index is a modified-market capitalization-weighted index that seeks to reflect the performance of companies that do business as banks or thrifts that are publicly-traded in the US. The Index is compiled, maintained and calculated by Keefe, Bruyette & Woods, Inc. and is composed of companies representing leading national money centers, regional banks and thrift institutions. The Fund and the Index are rebalanced and reconstituted quarterly.

ETFs related toKBWB

ETFs correlated to KBWB include FTXO, IAT, BNKU

KBWB
Invesco Capital Management LLC - Invesco KBW Bank ETF
FTXO
First Trust Exchange-Traded Fund III - First Trust Nasdaq Bank ETF
IAT
BlackRock Institutional Trust Company N.A. - iShares U.S. Regional Banks ETF
BNKU
Bank of Montreal - MicroSectorsTM U.S. Big Banks Index 3X Leveraged ETNs
KBE
SPDR Series Trust - SPDR S&P Bank ETF
FXO
First Trust Exchange-Traded Fund III - First Trust Financials AlphaDEX Fund
RSPF
Invesco Capital Management LLC - Invesco S&P 500 Equal Weight Financials ETF
FNCL
Fidelity Covington Trust - Fidelity MSCI Financials Index ETF
VFH
Vanguard Group, Inc. - Vanguard Financials ETF
IYG
BlackRock Institutional Trust Company N.A. - iShares U.S. Financial Services ETF
IYF
BlackRock Institutional Trust Company N.A. - iShares U.S. Financials ETF

What is ETF correlation?

Correlation is a measure of the strength of the relationship between two ETFs. It quantifies the degree to which prices of the two ETFs typically move together.

Here, correlation is measured over the past year with the Pearson correlation coefficient (Pearon’s r), which ranges from -1 to 1.

Using ETF correlations in portfolio and strategy construction

ETF correlations can help you create investing strategies and portfolios. Use them to:

  • •Build a diversified portfolio from uncorrelated or inversely correlated ETFs with the aim of minimizing portfolio risk.
  • •Compare correlated or related ETFs to find one with a lower expense ratio or higher trading volume.
  • •Create an investing strategy that hedges an ETF with an uncorrelated or inversely correlated ETF.

Automated Strategies
Related toKBWB

#OPUS-8

Opus-8

Category

Opus

Risk Rating

Conservative

#OPUS-12

Opus-12

Category

Opus, Investing for the Long-Term

Risk Rating

Moderate

Create your own algorithmic trading strategy with KBWB using Composer

FAQ

KBWB is a US Equities ETF. The Invesco KBW Bank ETF (Fund) is based on the KBW Nasdaq Bank Index (Index). The Fund will normally invest at least 90% of its total assets in securities that comprise the Underlying Index. The Index is a modified-market capitalization-weighted index that seeks to reflect the performance of companies that do business as banks or thrifts that are publicly-traded in the US. The Index is compiled, maintained and calculated by Keefe, Bruyette & Woods, Inc. and is composed of companies representing leading national money centers, regional banks and thrift institutions. The Fund and the Index are rebalanced and reconstituted quarterly.

KBWB tracks the KBW Nasdaq Bank Index.

No, KBWB is not actively managed. It is passively managed. In an actively managed fund, the fund manager makes decisions about how funds are invested. A passively managed fund typically tries to track or follow a market index.

Yes, KBWB is passively managed. A passively managed fund typically tries to track or follow a market index. In an actively managed fund, the fund manager makes decisions about how funds are invested.

The 1-month return on KBWB is 0.1039%. This is the percent change in the value of KBWB over the most recent 1-month period. The 3-month return on KBWB is -0.1307%. This is the percent change in the value of KBWB over the most recent 3-month period.

The standard deviation of KBWB for the past year is 0.3286%. Standard deviation is the typical amount that the daily returns vary from the mean of the returns over the time period, standardized to a period of a year.

ETFs similar to KBWB include XLV, XLK, and XLU.

ETFs correlated to KBWB include FTXO, IAT, and BNKU.

ETFs that are inversely correlated to KBWB include BNKD, FAZ, and SEF.

Disclaimers

*

We show information directly obtained from our data provider, Xignite. Data shown here is provided by Xignite, an unaffiliated third party. Composer believes the information shown here is reliable, but has not been verified and there is no guarantee that the information is accurate.

**

We show information based on calculations performed by Composer using data from our provider. Information provided here is based on calculations performed by Composer using data sourced from Xignite, an unaffiliated third party. Composer believes this information is reliable, but has not verified the data and there is no guarantee that the calculations are accurate.