Invesco KBW High Dividend Yield Financial ETF (KBWD) Performance
KBWD total return
Distributions reinvested · as of Oct 23, 2026- YTD
- −14.8% since Dec 31, 2025
- 1 year
- −11.6% total return
- 5 years
- −2.5% a year
- 10 years
- +3.0% a year
- Since first price
- +4.7% a year since 2010
KBWD trailing returns vs SPY, QQQ, AGG
| Period | KBWD total return | Price only | S&P 500 (SPY) | Nasdaq-100 (QQQ) | U.S. bonds (AGG) |
|---|---|---|---|---|---|
| 1 month | −8.1% | −9.2% | −1.0% | −5.0% | +0.9% |
| 3 months | −9.9% | −13.0% | +3.2% | +1.9% | −0.4% |
| 6 months | −14.2% | −19.9% | +7.8% | +8.4% | −1.5% |
| YTD | −14.8% | −23.9% | +12.3% | +15.1% | −1.0% |
| 1 year | −11.6% | −22.7% | +14.4% | +15.9% | −1.1% |
| 3 years | +12.4%+4.0%/yr | −22.8% | +87.4%+23.3%/yr | +101.4%+26.3%/yr | +16.6%+5.2%/yr |
| 5 years | −11.9%−2.5%/yr | −51.1% | +79.3%+12.4%/yr | +94.0%+14.2%/yr | −0.8%−0.2%/yr |
| 10 years | +34.7%+3.0%/yr | −52.1% | +315.9%+15.3%/yr | +538.9%+20.4%/yr | +14.0%+1.3%/yr |
| 15 years | +108.3%+5.0%/yr | −52.1% | +696.0%+14.8%/yr | +1,299.3%+19.2%/yr | +32.2%+1.9%/yr |
| Since inceptionDec 2, 2010 | +108.8%+4.7%/yr | −56.3% | — | — | — |
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: KBWD vs SPY
From Dec 2, 2010: KBWD grew to $20,879, SPY to $82,119.
Year-end values with distributions reinvested, no taxes or trading costs. Start: first common trading day of both funds.
KBWD returns by calendar year
10 of 15 full years positive. Best 2021 (+31.9%), worst 2022 (−19.1%). 2026 is year to date.
KBWD annual returns table
| Year | KBWD | Largest drop | SPY | QQQ | AGG |
|---|---|---|---|---|---|
| 2026YTD | −14.8% | −23.3% | +12.3% | +15.1% | −1.0% |
| 2025 | +5.6% | −19.6% | +17.7% | +20.8% | +7.2% |
| 2024 | +4.3% | −10.0% | +24.9% | +25.6% | +1.3% |
| 2023 | +20.2% | −20.4% | +26.2% | +54.9% | +5.7% |
| 2022 | −19.1% | −30.0% | −18.2% | −32.6% | −13.0% |
| 2021 | +31.9% | −9.3% | +28.7% | +27.4% | −1.8% |
| 2020 | −15.6% | −58.6% | +18.3% | +48.6% | +7.5% |
| 2019 | +20.7% | −9.8% | +31.2% | +39.0% | +8.5% |
| 2018 | −8.7% | −18.5% | −4.6% | −0.1% | +0.1% |
| 2017 | +12.1% | −6.3% | +21.7% | +32.7% | +3.6% |
| 2016 | +20.5% | −18.1% | +12.0% | +7.1% | +2.4% |
| 2015 | −10.2% | −14.1% | +1.2% | +9.4% | +0.5% |
| 2014 | +8.3% | −5.7% | +13.5% | +19.2% | +6.0% |
| 2013 | +18.4% | −9.7% | +32.3% | +36.6% | −2.0% |
| 2012 | +16.3% | −12.9% | +16.0% | +18.1% | +3.8% |
| 2011 | −0.6% | −17.6% | +1.9% | +3.4% | +7.7% |
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.
KBWD largest drawdowns
Now 20.9% below the high| Peak | Decline | Bottom | Recovered | Fall | Underwater |
|---|---|---|---|---|---|
| Feb 20, 2020 | −58.6% | Apr 3, 2020 | Apr 27, 2021 | 43 days | 1.2 years |
| Nov 8, 2021 | −30.7% | Oct 10, 2022 | Jul 16, 2024 | 11 months | 2.7 years |
| Apr 23, 2015 | −29.1% | Feb 11, 2016 | Nov 11, 2016 | 10 months | 1.6 years |
| Jan 16, 2026 | −23.3% | Oct 19, 2026 | not yet | 9 months | 9 months so far |
| Feb 20, 2025 | −19.6% | Apr 8, 2025 | Jan 8, 2026 | 47 days | 11 months |
| Sep 5, 2018 | −18.5% | Dec 24, 2018 | Nov 7, 2019 | 4 months | 1.2 years |
Declines from a closing high (distributions reinvested) of 10% or more. Underwater = time from the peak until the old high was regained.
KBWD risk statistics
| Statistic | 3 years | 5 years | 10 years | Since 2010 |
|---|---|---|---|---|
| Annualized return | +1.9% | −0.6% | +3.4% | +4.8% |
| Volatility (annualized) | 17.2% | 21.9% | 24.9% | 21.2% |
| Sharpe ratio | -0.06 | -0.08 | 0.18 | 0.27 |
| Sortino ratio | -0.09 | -0.11 | 0.24 | 0.37 |
| Best month | +10.7% | +16.1% | +19.6% | +19.6% |
| Worst month | −10.6% | −18.7% | −44.5% | −44.5% |
| Best 12 months | +23.5% | +23.5% | +100.2% | +100.2% |
| Worst 12 months | −6.8% | −25.4% | −45.0% | −45.0% |
| Positive months | 53% | 50% | 58% | 58% |
| Beta vs S&P 500 | 0.84 | 1.06 | 1.24 | — |
| Correlation with S&P 500 | 0.61 | 0.76 | 0.76 | — |
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.
KBWD rolling returns
| Holding period | Periods | Worst | Median | Best | Positive |
|---|---|---|---|---|---|
| 1-year | 179 | −45.0% | +5.9% | +100.2% | 70% |
| 3-year (a year) | 155 | −16.3% | +5.9% | +21.8% | 88% |
| 5-year (a year) | 131 | −7.9% | +5.5% | +17.6% | 90% |
| 10-year (a year) | 71 | +2.9% | +4.9% | +9.0% | 100% |
Every holding period starting at a month-end since 2010. Returns for 3 years and longer are annualized.
KBWD performance overview
Invesco KBW High Dividend Yield Financial ETF (KBWD) returned −11.6% over the past year and +3.0% a year over ten years, with distributions reinvested. Since its first recorded price in 2010 it has returned +4.7% a year, turning $10,000 into about $20,879. Over the same year S&P 500 (SPY) returned +14.4%.
The deepest decline was −58.6%, from Feb 20, 2020 to Apr 3, 2020, and it took 1.1 years to get back to the old high. KBWD finished 10 of its 15 full calendar years with a gain; the best year was 2021 (+31.9%) and the worst 2022 (−19.1%). Volatility has been 21.2% a year.
Related: KBWD chart, KBWD holdings, KBWD dividends, KBWD valuation. See the KBWD overview for the latest quote and fund facts.
KBWD performance FAQ
What is the KBWD return over the past year?
KBWD returned −11.6% over the 12 months to October 23, 2026, including reinvested distributions. On price alone it fell 22.7%.
What is the average annual return of KBWD?
KBWD has returned −2.5% a year over 5 years, +3.0% a year over 10 years, +4.7% a year since December 2, 2010 (total return, distributions reinvested).
How much would $10,000 invested in KBWD be worth?
$10,000 invested in KBWD at its first recorded close on December 2, 2010 would be worth about $20,879 on October 23, 2026 with distributions reinvested.
What was the worst year for KBWD?
The worst calendar year was 2022, with a total return of −19.1%. The best was 2021 at +31.9%.
What is the biggest drawdown of KBWD?
The largest peak-to-trough decline was −58.6% between February 20, 2020 and April 3, 2020. It recovered to the old high on April 27, 2021, 1.1 years after the bottom.
How volatile is KBWD?
Over the past 3 years KBWD had an annualized volatility of 17.2% and a Sharpe ratio of -0.06 (excess return over 1–3 month T-bills per unit of risk).