Invesco KBW Bank ETF (KBWB) Performance
KBWB total return
Distributions reinvested · as of Oct 23, 2026- YTD
- +5.6% since Dec 31, 2025
- 1 year
- +18.7% total return
- 5 years
- +6.6% a year
- 10 years
- +11.6% a year
- Since first price
- +13.0% a year since 2011
KBWB trailing returns vs SPY, QQQ, AGG
| Period | KBWB total return | Price only | S&P 500 (SPY) | Nasdaq-100 (QQQ) | U.S. bonds (AGG) |
|---|---|---|---|---|---|
| 1 month | −1.7% | −1.7% | −1.0% | −5.0% | +0.9% |
| 3 months | −8.5% | −9.0% | +3.2% | +1.9% | −0.4% |
| 6 months | +1.7% | +0.7% | +7.8% | +8.4% | −1.5% |
| YTD | +5.6% | +3.9% | +12.3% | +15.1% | −1.0% |
| 1 year | +18.7% | +16.2% | +14.4% | +15.9% | −1.1% |
| 3 years | +154.5%+36.5%/yr | +135.8% | +87.4%+23.3%/yr | +101.4%+26.3%/yr | +16.6%+5.2%/yr |
| 5 years | +37.4%+6.6%/yr | +19.3% | +79.3%+12.4%/yr | +94.0%+14.2%/yr | −0.8%−0.2%/yr |
| 10 years | +198.7%+11.6%/yr | +130.5% | +315.9%+15.3%/yr | +538.9%+20.4%/yr | +14.0%+1.3%/yr |
| Since inceptionNov 1, 2011 | +519.8%+13.0%/yr | +338.7% | — | — | — |
Total return from adjusted closes (distributions reinvested, before tax). Periods of 3 years or more are also shown annualized. Price only excludes distributions.
Growth of $10,000: KBWB vs SPY
From Nov 1, 2011: KBWB grew to $61,978, SPY to $80,887.
Year-end values with distributions reinvested, no taxes or trading costs. Start: first common trading day of both funds.
KBWB returns by calendar year
9 of 14 full years positive. Best 2021 (+37.7%), worst 2022 (−21.7%). 2026 is year to date.
KBWB annual returns table
| Year | KBWB | Largest drop | SPY | QQQ | AGG |
|---|---|---|---|---|---|
| 2026YTD | +5.6% | −16.4% | +12.3% | +15.1% | −1.0% |
| 2025 | +32.0% | −25.4% | +17.7% | +20.8% | +7.2% |
| 2024 | +36.7% | −10.2% | +24.9% | +25.6% | +1.3% |
| 2023 | −1.2% | −36.9% | +26.2% | +54.9% | +5.7% |
| 2022 | −21.7% | −34.5% | −18.2% | −32.6% | −13.0% |
| 2021 | +37.7% | −13.2% | +28.7% | +27.4% | −1.8% |
| 2020 | −10.5% | −50.3% | +18.3% | +48.6% | +7.5% |
| 2019 | +35.9% | −13.1% | +31.2% | +39.0% | +8.5% |
| 2018 | −18.3% | −29.4% | −4.6% | −0.1% | +0.1% |
| 2017 | +18.1% | −11.2% | +21.7% | +32.7% | +3.6% |
| 2016 | +28.1% | −20.7% | +12.0% | +7.1% | +2.4% |
| 2015 | −0.1% | −15.5% | +1.2% | +9.4% | +0.5% |
| 2014 | +9.2% | −10.2% | +13.5% | +19.2% | +6.0% |
| 2013 | +37.4% | −8.3% | +32.3% | +36.6% | −2.0% |
| 2012 | +32.4% | −18.0% | +16.0% | +18.1% | +3.8% |
Largest drop = deepest fall from a high within that calendar year.
Calendar-year return vs largest drop within the year
Most years include a sizable fall at some point even when the year ends higher.
KBWB largest drawdowns
Now 11.7% below the high| Peak | Decline | Bottom | Recovered | Fall | Underwater |
|---|---|---|---|---|---|
| Jan 2, 2020 | −50.3% | Mar 23, 2020 | Jan 14, 2021 | 3 months | 1.0 years |
| Jan 13, 2022 | −49.3% | May 4, 2023 | Nov 21, 2024 | 1.3 years | 2.9 years |
| Feb 1, 2018 | −29.4% | Dec 24, 2018 | Dec 12, 2019 | 11 months | 1.9 years |
| Jul 22, 2015 | −29.1% | Feb 11, 2016 | Nov 9, 2016 | 7 months | 1.3 years |
| Feb 6, 2025 | −25.4% | Apr 4, 2025 | Jun 30, 2025 | 57 days | 5 months |
| Mar 26, 2012 | −18.0% | Jun 4, 2012 | Sep 13, 2012 | 2 months | 6 months |
Declines from a closing high (distributions reinvested) of 10% or more. Underwater = time from the peak until the old high was regained.
KBWB risk statistics
| Statistic | 3 years | 5 years | 10 years | Since 2011 |
|---|---|---|---|---|
| Annualized return | +33.0% | +8.4% | +12.0% | +13.3% |
| Volatility (annualized) | 22.0% | 26.4% | 26.6% | 23.9% |
| Sharpe ratio | 1.22 | 0.30 | 0.48 | 0.58 |
| Sortino ratio | 2.52 | 0.44 | 0.70 | 0.86 |
| Best month | +15.4% | +15.4% | +17.6% | +17.6% |
| Worst month | −9.2% | −24.9% | −27.9% | −27.9% |
| Best 12 months | +70.2% | +70.2% | +89.7% | +89.7% |
| Worst 12 months | +14.0% | −32.6% | −32.6% | −32.6% |
| Positive months | 58% | 52% | 57% | 62% |
| Beta vs S&P 500 | 1.21 | 1.05 | 1.22 | — |
| Correlation with S&P 500 | 0.69 | 0.62 | 0.70 | — |
From monthly total returns. Sharpe and Sortino use 1–3 month T-bills (BIL) as the risk-free rate, so they need history from 2007 on.
KBWB rolling returns
| Holding period | Periods | Worst | Median | Best | Positive |
|---|---|---|---|---|---|
| 1-year | 168 | −32.6% | +16.0% | +89.7% | 67% |
| 3-year (a year) | 144 | −8.8% | +10.8% | +35.6% | 86% |
| 5-year (a year) | 120 | −3.8% | +9.7% | +20.6% | 92% |
| 10-year (a year) | 60 | +3.8% | +9.5% | +15.7% | 100% |
Every holding period starting at a month-end since 2011. Returns for 3 years and longer are annualized.
KBWB performance overview
Invesco KBW Bank ETF (KBWB) returned +18.7% over the past year and +11.6% a year over ten years, with distributions reinvested. Since its first recorded price in 2011 it has returned +13.0% a year, turning $10,000 into about $61,978. Over the same year S&P 500 (SPY) returned +14.4%.
The deepest decline was −50.3%, from Jan 2, 2020 to Mar 23, 2020, and it took 10 months to get back to the old high. KBWB finished 9 of its 14 full calendar years with a gain; the best year was 2021 (+37.7%) and the worst 2022 (−21.7%). Volatility has been 23.9% a year.
Related: KBWB chart, KBWB holdings, KBWB dividends, KBWB valuation. See the KBWB overview for the latest quote and fund facts.
KBWB performance FAQ
What is the KBWB return over the past year?
KBWB returned +18.7% over the 12 months to October 23, 2026, including reinvested distributions. On price alone it rose 16.2%.
What is the average annual return of KBWB?
KBWB has returned +6.6% a year over 5 years, +11.6% a year over 10 years, +13.0% a year since November 1, 2011 (total return, distributions reinvested).
How much would $10,000 invested in KBWB be worth?
$10,000 invested in KBWB at its first recorded close on November 1, 2011 would be worth about $61,978 on October 23, 2026 with distributions reinvested.
What was the worst year for KBWB?
The worst calendar year was 2022, with a total return of −21.7%. The best was 2021 at +37.7%.
What is the biggest drawdown of KBWB?
The largest peak-to-trough decline was −50.3% between January 2, 2020 and March 23, 2020. It recovered to the old high on January 14, 2021, 10 months after the bottom.
How volatile is KBWB?
Over the past 3 years KBWB had an annualized volatility of 22.0% and a Sharpe ratio of 1.22 (excess return over 1–3 month T-bills per unit of risk).