KBWD
Invesco KBW High Dividend Yield Financial ETF
Invesco KBW High Dividend Yield Financial Portfolio seeks investment results that correspond (before fees and expenses) generally to the price and yield of the index called KBW Financial Sector Dividend Yield Index.
US
EQUITY
Rules-Based
MANAGEMENT STYLE
386.8 M
ASSETS UNDER MGMT
384 bp
EXPENSES
Fund Basics
| Fund sponsor | Invesco |
| Category | US |
| Asset class | Equity |
| Website | link... |
| Inception date | Dec 02, 2010 |
| Assets (mns) | $387 |
| Expense ratio | 384 bp |
| Currency | USD |
Sector Breakdown
Fund Structure
| Regulation | Open-Ended Fund |
| Distributions | Monthly |
| Taxation | 1099 |
| Stock selection | Dividends |
| Weighting | Tiered |
| Holdings Transparency | Full |
| Derivatives-based | No |
| Options available | Yes |
| Currency hedged | No |
| Fund of funds | No |
Top 10 Holdings
| READY CAPITAL CORPORATION | 3.8 % |
| ARES COMMERCIAL REAL ESTATE | 3.8 % |
| AGNC INVESTMENT CORP. | 3.7 % |
| APOLLO COMMERCIAL REAL ESTAT | 3.5 % |
| ELLINGTON FINANCIAL LLC | 3.2 % |
| MFA FINANCIAL, INC. | 3.2 % |
| KKR REAL ESTATE FINANCE TRUST INC. | 3.0 % |
| DYNEX CAPITAL INC | 3.0 % |
| PROSPECT CAPITAL CORP | 3.0 % |
| EAGLE BANCORP INC | 2.9 % |
Constituent Breakdown
| Number of holdings | 41 |
| Herfindahl-Hirschman Index | 284 |
| Wgt avg mkt cap (mns) | $2,210 |
| Large cap (>$10bn) | 3.8% |
| Mid cap ($2-10bn) | 23.7% |
| Small cap (<$2bn) | 72.5% |
| Developed mkts. | 100.0% |
| Emerging mkts. | 0.0% |
Country Exposure
 |
UNITED STATES | 77.0 % |
 |
BRITAIN | 1.2 % |
Historical Performance
Standardized Performance (as of 11/30/2024)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | Incep. | |
|---|---|---|---|---|---|---|---|
| Total Returns | 8.1% | 17.0% | 10.3% | 2.9% | 4.0% | 4.6% | 6.3% | Volatility | 17.0% | 17.7% | 19.8% | 21.2% | 29.7% | 22.9% | -- |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 1.17 | 68% |
| MSCI EAFE | 1.14 | 63% |
| MSCI Emg Mkts | 0.89 | 39% |
Liquidity Measures
| Avg. volume (000) | 215 |
| Turnover | 0.8% |
| Avg. Bid/Ask (% of price) | 0.10% |
| ADV of underlying (mns) | $835 |
Technical Indicators
| Recent close | $14.79 |
| 30d moving avg. | $15.33 |
| Annualized volatility | 25.0% |
| Relative strength (RSI) | 48 |
| Short interest (ETF) | 2.3% |
| Short interest (underlying) | 2.7% |
Distributions
Assets Under Management (mns)
Money Flows (mns)
Short Interest (as % of shares outstanding)
Long Money Flows (mns)
Top Ten Comparable ETFs only shown here. For an extended list become an Individual or Professional subscriber. Start your FREE trial
Comparable ETFs Based on Overlap
| Ticker | Fund Name | Overlap vs. KBWD |
Expenses vs. KBWD |
ALTAR Score™ vs. KBWD |
|---|---|---|---|---|
| MORT | VanEck Mortgage REIT Income ETF | 21.1% | -341 bp | +3.4% |
| REM | iShares Mortgage Real Estate ETF | 20.5% | -336 bp | +5.2% |
| BIZD | VanEck BDC Income ETF | 16.8% | -373 bp | +2.4% |
| SRET | Global X SuperDividend REIT ETF | 15.1% | -325 bp | +1.1% |
| LBO | WHITEWOLF Publicly Listed Private Equity ETF | 14.2% | -314 bp | -1.3% |
| PEX | ProShares Global Listed Private Equity ETF | 13.2% | -303 bp | +2.2% |
| XSHD | Invesco S&P SmallCap High Dividend Low Volatility ETF | 11.9% | -354 bp | +0.4% |
| ERNZ | TrueShares Active Yield ETF | 11.4% | -309 bp | +1.8% |
| RIET | Hoya Capital High Dividend Yield ETF | 11.1% | -334 bp | +3.4% |
Risk and Returns: KBWD vs. Comps (1 YR)
Notes: Top 10 overlapping ETFs. Funds with insufficient history not shown. Some funds may overlap. Hover over data point for ticker symbol.
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Results & Estimates
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024E | 2025E | ||
|---|---|---|---|---|---|---|---|---|
| Sales per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Earnings per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Dividends per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Book value per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- |
Return on Equity
Net Margins
EPS Revision Activity (6 mo. ago = 100%)
Compound Annual Growth Rates
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Valuation Metrics
| 2023 | 2024E | Fwd Est | 2025E | |
| Price-to-sales | --x | --x | --x | --x |
| Price-to-earnings | --x | --x | --x | --x |
| Price-to-cash flow | --x | --x | --x | --x |
| Price-to-growth | --x | --x | --x | --x |
| Price-to-book value | --x | --x | --x | --x |
| Yield | --% | --% | --x | --% |
Based on closing prices from 12/20/2024
Peer Group Comparison Sample data. Subscribe for access.
Price-to-Earnings
Price-to-Sales
Price-to-Book Value
Price-to-Cash Flow
Price-to-Growth
Dividend Yield
Historical Valuation Trends Sample data. Subscribe for access.
SHOWING:
Price-to-Earnings
Price-to-Earnings
KBWD
Notes: Based on adjusted historical results for current fund constituents. May differ from results achieved by past fund constituents. Max P/E of 100x.
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ETF Research Center Rating
SPECULATIVE
Deeply undervalued but risky. A rating of SPECULATIVE is assigned to ETFs with ALTAR Scores in the top quintile (the top 20%) of their category, indicating exceptional appreciation potential. However, often these are narrowly-focused funds or in industries with structural issues, which may also make them very risky. Nonetheless they may still be useful as part of a well-diversified portfolio.
ALTAR Score™
KBWD
9.4%
Cat. Avg
5.6%
ALTAR Score™ Calculation
Category Overview
There are 977 funds in the US Equity category, with an average ALTAR Score™
of 5.6% and a standard deviation of
2.6%. KBWD's ALTAR Score™ is approximately
1.5 standard deviations
above
the category average. This places KBWD in the 93rd percentile among funds in the category.
Sell Side Consensus Rating
Sell-side recommendations on the ETF's individual constituents
KBWDSELL
U/W
HOLD
O/W
BUY
Expense Analysis
| Peer Group | Rules-Based US Equity ETFs |
| # of ETFs | 609 |
| Avg. Expense Ratio | 46.6 bp |
| Std. Deviation | 32.9 bp |
| KBWD (384 bp) Percentile rank | 99 |
Peer Group Expense Ratio Distribution
Total Cost of Ownership (TCO) Comparison
| Expense (bp) (A) |
Avg. Bid/Ask (bp) (B) |
TCO (bp) (A)+(B) |
|
|---|---|---|---|
| KBWD | 384.0 | 9.9 | 393.9 |
| Peer Avg. | 37.3 | 15.0 | 52.3 |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .