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ETFs

Invesco Exchange-Traded Fund Trust II Invesco KBW High Dividend Yield Financial ETF

KBWD
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
Dec 02 2010
Expense Ratio
3.84%
Type
US Equities
Fund Owner
Invesco
Volume (1m avg. daily)
$1,318,700
AUM
$368,549,280
Associated Index
KBW Nasdaq Financial Sector Dividend Yield Index
Inverse/Leveraged
No
Passive/Active
Passive
Fractionable on Composer
Yes
Prospectus
View

Top 10 Holdings

ARR
ARMOUR Residential REIT Inc
7.81%
ORC
Orchid Island Capital Inc
4.86%
AGNC
AGNC Investment Corp
3.71%
FSK
FS KKR Capital Corp
3.42%
EFC
Ellington Financial Inc
3.34%
GSBD
Goldman Sachs BDC Inc
3.34%
TRIN
Trinity Capital Inc
3.34%
TWO
Two Harbors Investment Corp
3.32%
NLY
Annaly Capital Management Inc
3.24%
CION
CION Invt Corp
3.24%
Invest with KBWD

What is KBWD?

The Invesco KBW High Dividend Yield Financial ETF is based on the KBW Nasdaq Financial Sector Dividend Yield Index. The Fund generally will invest at least 90% of its total assets in the securities of publicly listed financial companies that principally are engaged in the business of providing financial services and products, including banking, insurance and diversified financial services, in the United States and that comprise the Underlying Index. Keefe Bruyette & Woods, Inc. ("KBW Nasdaq" or the "Index Provider") compiles, maintains and calculates the Underlying Index, which is a modified-dividend yield-weighted index that seeks to reflect the performance of such companies. The Fund and the Index are rebalanced and reconstituted quarterly.

ETFs related toKBWD

ETFs correlated to KBWD include MORT, REM, IJJ

KBWD
Invesco Capital Management LLC - Invesco KBW High Dividend Yield Financial ETF
MORT
VanEck ETF Trust - VanEck Mortgage REIT Income ETF
REM
BlackRock Institutional Trust Company N.A. - iShares Mortgage Real Estate ETF
IJJ
BlackRock Institutional Trust Company N.A. - iShares S&P Mid-Cap 400 Value ETF
MDYV
SPDR Series Trust - SPDR S&P 400 Mid Cap Value ETF
IVOV
Vanguard Group, Inc. - Vanguard S&P Mid-Cap 400 Value ETF
IWN
BlackRock Institutional Trust Company N.A. - iShares Russell 2000 Value ETF
VBR
Vanguard Group, Inc. - Vanguard Small Cap Value ETF
BIZD
VanEck ETF Trust - VanEck BDC Income ETF
VTWV
Vanguard Group, Inc. - Vanguard Russell 2000 Value Index ETF
IWS
BlackRock Institutional Trust Company N.A. - iShares Russell Mid-Cap Value 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 toKBWD

#WIR

When Inflation is Rising

Category

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Risk Rating

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Diversify with Private Equity

Category

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Risk Rating

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Create your own algorithmic trading strategy with KBWD using Composer

FAQ

KBWD is a US Equities ETF. The Invesco KBW High Dividend Yield Financial ETF is based on the KBW Nasdaq Financial Sector Dividend Yield Index. The Fund generally will invest at least 90% of its total assets in the securities of publicly listed financial companies that principally are engaged in the business of providing financial services and products, including banking, insurance and diversified financial services, in the United States and that comprise the Underlying Index. Keefe Bruyette & Woods, Inc. ("KBW Nasdaq" or the "Index Provider") compiles, maintains and calculates the Underlying Index, which is a modified-dividend yield-weighted index that seeks to reflect the performance of such companies. The Fund and the Index are rebalanced and reconstituted quarterly.

KBWD tracks the KBW Nasdaq Financial Sector Dividend Yield Index.

KBWD dividend information: Dividend - High Yield. Dividend payouts may vary in terms of frequency of payouts.

No, KBWD 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, KBWD 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 KBWD is 0.0033%. This is the percent change in the value of KBWD over the most recent 1-month period. The 3-month return on KBWD is 0.044%. This is the percent change in the value of KBWD over the most recent 3-month period.

The standard deviation of KBWD for the past year is 0.2445%. 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 KBWD include VIG, VYM, and DFAS.

ETFs correlated to KBWD include MORT, REM, and IJJ.

ETFs that are inversely correlated to KBWD include RWM, TZA, and SRTY.

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.