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ETFs

Invesco Exchange-Traded Fd Tr II Invesco KBW Property & Casualty Insurance ETF

KBWP
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
Dec 02 2010
Expense Ratio
0.35%
Type
US Equities
Fund Owner
Invesco
Volume (1m avg. daily)
$3,165,703
AUM
$389,553,604
Associated Index
KBW Nasdaq Property & Casualty Index
Inverse/Leveraged
No
Passive/Active
Passive
Fractionable on Composer
Yes
Prospectus
View

Top 10 Holdings

PGR
Progressive Corp.
9.26%
TRV
Travelers Companies Inc.
7.77%
CB
Chubb Limited
7.49%
ALL
Allstate Corp (The)
7.17%
AIG
American International Group Inc
6.81%
ACGL
Arch Capital Group Ltd
4.72%
RE
Everest Re Group Ltd
4.49%
RNR
RenaissanceRe Holdings Ltd
4.47%
KMPR
Kemper Corporation
4.31%
CINF
Cincinnati Financial Corp.
4.28%
Invest with KBWP

What is KBWP?

The Invesco KBW Property & Casualty Insurance ETF (Fund) is based on the KBW Nasdaq Property & Casualty Index (Index). The Fund will normally invest at least 90% of its total assets in securities that comprise the Index. The Index is a modified market capitalization weighted index that seeks to reflect the performance of approximately 24 property and casualty insurance companies. The Fund and the Index are rebalanced and reconstituted quarterly.

ETFs related toKBWP

ETFs correlated to KBWP include IAK, KIE, RYF

KBWP
Invesco Capital Management LLC - Invesco KBW Property & Casualty Insurance ETF
IAK
BlackRock Institutional Trust Company N.A. - iShares U.S. Insurance ETF
KIE
SPDR Series Trust - SPDR S&P Insurance ETF
RYF
Invesco Capital Management LLC - Invesco S&P 500 Equal Weight Financials ETF
XLF
SSgA Active Trust - Financial Select Sector SPDR
FAS
Direxion Shares ETF Trust - Direxion Daily Financial Bull 3x Shares
IYF
BlackRock Institutional Trust Company N.A. - iShares U.S. Financials ETF
VFH
Vanguard Group, Inc. - Vanguard Financials ETF
FNCL
Fidelity Covington Trust - Fidelity MSCI Financials Index ETF
PWV
Invesco Capital Management LLC - Invesco Dynamic Large Cap Value ETF
REGL
ProShares Trust - ProShares S&P MidCap 400 Div Aristocrats 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 toKBWP

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Category

Community

Risk Rating

Aggressive

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Opus-8

Category

Opus

Risk Rating

Conservative

Create your own algorithmic trading strategy with KBWP using Composer

FAQ

KBWP is a US Equities ETF. The Invesco KBW Property & Casualty Insurance ETF (Fund) is based on the KBW Nasdaq Property & Casualty Index (Index). The Fund will normally invest at least 90% of its total assets in securities that comprise the Index. The Index is a modified market capitalization weighted index that seeks to reflect the performance of approximately 24 property and casualty insurance companies. The Fund and the Index are rebalanced and reconstituted quarterly.

KBWP tracks the KBW Nasdaq Property & Casualty Index.

No, KBWP 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, KBWP 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 KBWP is -0.1314%. This is the percent change in the value of KBWP over the most recent 1-month period. The 3-month return on KBWP is -0.0736%. This is the percent change in the value of KBWP over the most recent 3-month period.

The standard deviation of KBWP for the past year is 0.2213%. 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 KBWP include XLY, XLI, and XLE.

ETFs correlated to KBWP include IAK, KIE, and RYF.

ETFs that are inversely correlated to KBWP include FAZ, SEF, and SKF.

Disclaimers

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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.