Invesco KBW Property & Casualty Insurance ETF (KBWP) Performance
KBWP total return
Distributions reinvested · as of Oct 23, 2026- YTD
- +9.0% since Dec 31, 2025
- 1 year
- +17.7% total return
- 5 years
- +13.3% a year
- 10 years
- +12.9% a year
- Since first price
- +13.7% a year since 2010
KBWP trailing returns vs SPY, QQQ, AGG
| Period | KBWP total return | Price only | S&P 500 (SPY) | Nasdaq-100 (QQQ) | U.S. bonds (AGG) |
|---|---|---|---|---|---|
| 1 month | +10.0% | +10.0% | −1.0% | −5.0% | +0.9% |
| 3 months | +3.7% | +3.4% | +3.2% | +1.9% | −0.4% |
| 6 months | +12.0% | +11.2% | +7.8% | +8.4% | −1.5% |
| YTD | +9.0% | +7.4% | +12.3% | +15.1% | −1.0% |
| 1 year | +17.7% | +15.4% | +14.4% | +15.9% | −1.1% |
| 3 years | +69.7%+19.3%/yr | +60.8% | +87.4%+23.3%/yr | +101.4%+26.3%/yr | +16.6%+5.2%/yr |
| 5 years | +86.6%+13.3%/yr | +68.8% | +79.3%+12.4%/yr | +94.0%+14.2%/yr | −0.8%−0.2%/yr |
| 10 years | +237.6%+12.9%/yr | +172.7% | +315.9%+15.3%/yr | +538.9%+20.4%/yr | +14.0%+1.3%/yr |
| 15 years | +674.5%+14.6%/yr | +458.8% | +696.0%+14.8%/yr | +1,299.3%+19.2%/yr | +32.2%+1.9%/yr |
| Since inceptionDec 2, 2010 | +668.6%+13.7%/yr | +443.3% | — | — | — |
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: KBWP vs SPY
From Dec 2, 2010: KBWP grew to $76,860, SPY to $82,119.
Year-end values with distributions reinvested, no taxes or trading costs. Start: first common trading day of both funds.
KBWP returns by calendar year
12 of 15 full years positive. Best 2013 (+34.2%), worst 2018 (−2.8%). 2026 is year to date.
KBWP annual returns table
| Year | KBWP | Largest drop | SPY | QQQ | AGG |
|---|---|---|---|---|---|
| 2026YTD | +9.0% | −12.0% | +12.3% | +15.1% | −1.0% |
| 2025 | +11.5% | −11.6% | +17.7% | +20.8% | +7.2% |
| 2024 | +30.5% | −9.4% | +24.9% | +25.6% | +1.3% |
| 2023 | +7.1% | −13.4% | +26.2% | +54.9% | +5.7% |
| 2022 | +10.2% | −17.0% | −18.2% | −32.6% | −13.0% |
| 2021 | +20.6% | −8.9% | +28.7% | +27.4% | −1.8% |
| 2020 | −2.0% | −39.8% | +18.3% | +48.6% | +7.5% |
| 2019 | +28.7% | −6.8% | +31.2% | +39.0% | +8.5% |
| 2018 | −2.8% | −16.6% | −4.6% | −0.1% | +0.1% |
| 2017 | +8.9% | −12.3% | +21.7% | +32.7% | +3.6% |
| 2016 | +18.4% | −6.5% | +12.0% | +7.1% | +2.4% |
| 2015 | +14.6% | −8.3% | +1.2% | +9.4% | +0.5% |
| 2014 | +11.7% | −10.1% | +13.5% | +19.2% | +6.0% |
| 2013 | +34.2% | −6.8% | +32.3% | +36.6% | −2.0% |
| 2012 | +24.3% | −7.2% | +16.0% | +18.1% | +3.8% |
| 2011 | −0.7% | −19.0% | +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.
KBWP largest drawdowns
Now 2.0% below the high| Peak | Decline | Bottom | Recovered | Fall | Underwater |
|---|---|---|---|---|---|
| Feb 11, 2020 | −39.8% | Mar 23, 2020 | Mar 8, 2021 | 41 days | 1.1 years |
| Apr 29, 2011 | −19.0% | Sep 23, 2011 | Feb 3, 2012 | 5 months | 9 months |
| Apr 1, 2022 | −17.0% | Sep 26, 2022 | Nov 25, 2022 | 6 months | 8 months |
| Sep 21, 2018 | −16.6% | Dec 24, 2018 | Apr 11, 2019 | 3 months | 7 months |
| Feb 13, 2023 | −13.4% | Mar 17, 2023 | Nov 22, 2023 | 32 days | 9 months |
| Nov 27, 2024 | −12.3% | Jan 10, 2025 | Apr 1, 2025 | 44 days | 4 months |
Declines from a closing high (distributions reinvested) of 10% or more. Underwater = time from the peak until the old high was regained.
KBWP risk statistics
| Statistic | 3 years | 5 years | 10 years | Since 2010 |
|---|---|---|---|---|
| Annualized return | +15.5% | +12.3% | +11.7% | +12.9% |
| Volatility (annualized) | 17.4% | 17.9% | 17.0% | 15.7% |
| Sharpe ratio | 0.66 | 0.54 | 0.60 | 0.77 |
| Sortino ratio | 1.12 | 0.89 | 0.93 | 1.23 |
| Best month | +10.9% | +14.9% | +14.9% | +15.4% |
| Worst month | −7.5% | −7.6% | −16.3% | −16.3% |
| Best 12 months | +40.1% | +41.9% | +52.2% | +52.2% |
| Worst 12 months | −6.3% | −6.3% | −21.9% | −21.9% |
| Positive months | 58% | 60% | 62% | 63% |
| Beta vs S&P 500 | 0.23 | 0.37 | 0.56 | — |
| Correlation with S&P 500 | 0.16 | 0.33 | 0.51 | — |
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.
KBWP rolling returns
| Holding period | Periods | Worst | Median | Best | Positive |
|---|---|---|---|---|---|
| 1-year | 179 | −21.9% | +13.9% | +52.2% | 89% |
| 3-year (a year) | 155 | −0.4% | +14.8% | +24.9% | 99% |
| 5-year (a year) | 131 | +5.9% | +12.9% | +21.2% | 100% |
| 10-year (a year) | 71 | +10.8% | +13.0% | +16.4% | 100% |
Every holding period starting at a month-end since 2010. Returns for 3 years and longer are annualized.
KBWP performance overview
Invesco KBW Property & Casualty Insurance ETF (KBWP) returned +17.7% over the past year and +12.9% a year over ten years, with distributions reinvested. Since its first recorded price in 2010 it has returned +13.7% a year, turning $10,000 into about $76,860. Over the same year S&P 500 (SPY) returned +14.4%.
The deepest decline was −39.8%, from Feb 11, 2020 to Mar 23, 2020, and it took 11 months to get back to the old high. KBWP finished 12 of its 15 full calendar years with a gain; the best year was 2013 (+34.2%) and the worst 2018 (−2.8%). Volatility has been 15.7% a year.
Related: KBWP chart, KBWP holdings, KBWP dividends, KBWP valuation. See the KBWP overview for the latest quote and fund facts.
KBWP performance FAQ
What is the KBWP return over the past year?
KBWP returned +17.7% over the 12 months to October 23, 2026, including reinvested distributions. On price alone it rose 15.4%.
What is the average annual return of KBWP?
KBWP has returned +13.3% a year over 5 years, +12.9% a year over 10 years, +13.7% a year since December 2, 2010 (total return, distributions reinvested).
How much would $10,000 invested in KBWP be worth?
$10,000 invested in KBWP at its first recorded close on December 2, 2010 would be worth about $76,860 on October 23, 2026 with distributions reinvested.
What was the worst year for KBWP?
The worst calendar year was 2018, with a total return of −2.8%. The best was 2013 at +34.2%.
What is the biggest drawdown of KBWP?
The largest peak-to-trough decline was −39.8% between February 11, 2020 and March 23, 2020. It recovered to the old high on March 8, 2021, 11 months after the bottom.
How volatile is KBWP?
Over the past 3 years KBWP had an annualized volatility of 17.4% and a Sharpe ratio of 0.66 (excess return over 1–3 month T-bills per unit of risk).