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ETFs

Invesco Exchange-Traded Fund Trust II Invesco KBW Regional Banking ETF

KBWR
$--
Today’s Change
-- (--)

Snapshot
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Inception Date
Nov 01 2011
Expense Ratio
0.35%
Type
US Equities
Fund Owner
Invesco
Volume (1m avg. daily)
$1,513,591
AUM
$55,979,871
Associated Index
KBW Nasdaq Regional Banking Index
Inverse/Leveraged
No
Passive/Active
Passive
Fractionable on Composer
Yes
Prospectus
View

Top 10 Holdings

CBSH
Commerce Bancshares, Inc.
4.32%
WBS
Webster Financial Corp.
3.81%
CFR
Cullen Frost Bankers Inc.
3.80%
BOKF
BOK Financial Corp.
3.59%
PB
Prosperity Bancshares Inc.
3.45%
HOMB
Home Bancshares Inc
2.25%
FNB
F.N.B. Corp.
2.23%
TCBI
Texas Capital Bancshares, Inc.
2.23%
FFIN
First Financial Bankshares, Inc.
2.22%
CBU
Community Bank System, Inc.
2.21%
Invest with KBWR

What is KBWR?

The Invesco KBW Regional Banking ETF (Fund) is based on the KBW Nasdaq Regional Banking Index (Index). The Fund will normally invest at least 90% of its total assets in securities that comprise the Underlying Index. The Index is an equal-weighted market-capitalization index that seeks to reflect the performance of publicly traded companies that do business as regional banks or thrifts listed on US stock markets. The Index is compiled, maintained and calculated by KBW and is composed of approximately 50 companies. The Fund and the Index are rebalanced and reconstituted quarterly.

ETFs related toKBWR

ETFs correlated to KBWR include QABA, KBE, DPST

KBWR
Invesco Capital Management LLC - Invesco KBW Regional Banking ETF
QABA
First Trust Exchange-Traded Fund III - First Trust NASDAQ ABA Community Bank Index Fund
KBE
SPDR Series Trust - SPDR S&P Bank ETF
DPST
Direxion Shares ETF Trust - Direxion Daily Regional Banks Bull 3X Shares
KRE
SPDR Series Trust - SPDR S&P Regional Banking 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
KBWB
Invesco Capital Management LLC - Invesco KBW Bank ETF
FXO
First Trust Exchange-Traded Fund III - First Trust Financials AlphaDEX Fund
RYF
Invesco Capital Management LLC - Invesco S&P 500 Equal Weight Financials ETF
FNCL
Fidelity Covington Trust - Fidelity MSCI Financials Index 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.

FAQ

KBWR is a US Equities ETF. The Invesco KBW Regional Banking ETF (Fund) is based on the KBW Nasdaq Regional Banking Index (Index). The Fund will normally invest at least 90% of its total assets in securities that comprise the Underlying Index. The Index is an equal-weighted market-capitalization index that seeks to reflect the performance of publicly traded companies that do business as regional banks or thrifts listed on US stock markets. The Index is compiled, maintained and calculated by KBW and is composed of approximately 50 companies. The Fund and the Index are rebalanced and reconstituted quarterly.

KBWR tracks the KBW Nasdaq Regional Banking Index.

No, KBWR 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, KBWR 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 KBWR is -0.2349%. This is the percent change in the value of KBWR over the most recent 1-month period. The 3-month return on KBWR is -0.18%. This is the percent change in the value of KBWR over the most recent 3-month period.

The standard deviation of KBWR for the past year is 0.2738%. 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 KBWR include XLY, XLI, and XLE.

ETFs correlated to KBWR include QABA, KBE, and DPST.

ETFs that are inversely correlated to KBWR include FAZ, BNKD, 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.