Invesco KBW Correlations

Etfs . USA . 
Etf . Invesco KBW Bank
KBWB Etf  USD 73.78  0.38  0.52%   
The current 90-days correlation between Invesco KBW Bank and Financial Select Sector is -0.12 (i.e., Good diversification). The correlation of Invesco KBW is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.

Invesco KBW Correlation With Market

Good diversification

The correlation between Invesco KBW Bank and DJI is -0.1 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Invesco KBW Bank and DJI in the same portfolio, assuming nothing else is changed.
  
Build AI portfolio with Invesco Etf
Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Invesco KBW Bank. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in housing.

Moving together with Invesco Etf

  0.95XLF Financial Select SectorPairCorr
  0.97VFH Vanguard Financials IndexPairCorr
  0.95KRE SPDR SP RegionalPairCorr
  0.97KBE SPDR SP BankPairCorr
  0.97IYF iShares Financials ETFPairCorr
  0.98FNCL Fidelity MSCI FinancialsPairCorr
  0.97IYG iShares FinancialPairCorr
  0.93EUFN iShares MSCI Europe Sell-off TrendPairCorr
  0.97FXO First Trust FinancialsPairCorr
  0.98IAT iShares Regional BanksPairCorr
  0.97VTI Vanguard Total Stock Sell-off TrendPairCorr
  0.97SPY SPDR SP 500 Sell-off TrendPairCorr
  0.97IVV iShares Core SP Sell-off TrendPairCorr
  0.62BND Vanguard Total BondPairCorr
  0.97VTV Vanguard Value IndexPairCorr
  0.96VUG Vanguard Growth IndexPairCorr
  0.97VO Vanguard Mid CapPairCorr
  0.93VEA Vanguard FTSE DevelopedPairCorr
  0.97VB Vanguard Small CapPairCorr
  0.79KWEB KraneShares CSI China Aggressive PushPairCorr
  0.77SITC Site Centers CorpPairCorr
  0.75EUSB iShares TrustPairCorr
  0.97DFEV Dimensional ETF TrustPairCorr
  0.84PALL abrdn Physical PalladiumPairCorr
  0.82KGRN KraneShares MSCI ChinaPairCorr
  0.97SRLN SPDR Blackstone SeniorPairCorr
  0.97DFAS Dimensional Small CapPairCorr
  0.94VYMI Vanguard InternationalPairCorr
  0.96MYMF SPDR SSGA My2026PairCorr
  0.93PFUT Putnam Sustainable FuturePairCorr
  0.97SAUG First Trust ExchangePairCorr
  0.91VABS Virtus Newfleet ABSMBSPairCorr
  0.96CGGO Capital Group GlobalPairCorr
  0.82VBF Invesco Van KampenPairCorr
  0.95QTOC Innovator ETFs TrustPairCorr
  0.95FXED Tidal ETF TrustPairCorr
  0.97SUPP TCW Transform SupplyPairCorr
  0.89NFLX Netflix Downward RallyPairCorr
  0.63IBIC iShares TrustPairCorr
  0.96VWO Vanguard FTSE Emerging Sell-off TrendPairCorr

Related Correlations Analysis

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Invesco KBW Constituents Risk-Adjusted Indicators

There is a big difference between Invesco Etf performing well and Invesco KBW ETF doing well as a business compared to the competition. There are so many exceptions to the norm that investors cannot definitively determine what's good or bad unless they analyze Invesco KBW's multiple risk-adjusted performance indicators across the competitive landscape. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.
Mean DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
XLF  0.72  0.04  0.03  0.17  0.78 
(0.79)
 1.76 
(1.71)
 5.37 
VFH  0.76  0.07  0.07  0.20  0.75 
(0.81)
 1.89 
(1.82)
 5.66 
KRE  1.20  0.21  0.18  0.30  1.06 
(1.48)
 2.76 
(1.62)
 8.14 
KBE  1.09  0.18  0.16  0.28  1.00 
(1.26)
 2.44 
(1.48)
 7.85 
IYF  0.77  0.09  0.08  0.22  0.68 
(0.85)
 1.77 
(1.61)
 5.39 
FNCL  0.77  0.24  0.08 (1.68) 0.76 
(0.79)
 1.90 
(1.83)
 5.74 
IYG  0.78  0.11  0.11  0.24  0.72 
(0.87)
 1.93 
(1.85)
 5.54 
EUFN  0.72  0.18  0.11  0.50  0.60 
(0.78)
 1.76 
(1.40)
 5.18 
FXO  0.85  0.12  0.11  0.24  0.83 
(0.94)
 2.26 
(1.67)
 6.14 
IAT  1.11  0.20  0.17  0.30  0.98 
(1.25)
 2.81 
(1.65)
 8.55 

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