KBWD vs VOO
Invesco KBW High Dividend Yield Financial ETF vs Vanguard S&P 500 ETF
Quick Verdict
VOO has a lower expense ratio. VOO delivered stronger 1-year returns. VOO offers more diversification with 509 holdings.
Side-by-Side Comparison
| Metric | KBWD | VOO | Winner |
|---|---|---|---|
| Expense Ratio | 5.39% | 0.03% | |
| AUM | $425M | $997.4B | |
| Dividend Yield | 14.38% | 1.08% | |
| Holdings | 41 | 509 | |
| YTD Return | -1.64% | +12.25% | |
| 1Y Return | +2.32% | +20.92% | |
| 3Y Return (annualized) | +5.58% | +21.79% | |
| 5Y Return (annualized) | +1.79% | +13.05% | |
| Volatility (annualized) | 21.0% | 14.1% | |
| Max Drawdown | -65.2% | -34.3% | |
| Fund Family | Invesco (US) | Vanguard (US) | |
| Category | Equity | Equity | |
| Inception | Dec 2, 2010 | Sep 7, 2010 |
KBWD vs VOO Performance
Invesco KBW High Dividend Yield Financial ETF (KBWD) is a ETF from Invesco (US) and Vanguard S&P 500 ETF (VOO) is a ETF from Vanguard (US). Over the past year KBWD returned +2.32% while VOO returned +20.92%. Year to date, KBWD is down 1.64% versus a gain of 12.25% for VOO.
Over three years, KBWD compounded at +5.58% per year against +21.79% for VOO; over five years the annualized figures are +1.79% and +13.05% respectively. Across the full 16-year window we track, VOO has the edge at +13.45% annualized vs -0.20%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
KBWD has been the more volatile fund, with annualized monthly volatility of 21.0% compared with 14.1% for VOO. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -65.2% for KBWD and -34.3% for VOO. Drawdown depth is worth weighing if you expect to sell during market stress rather than ride it out.
The two funds' monthly returns correlate at 0.76. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
KBWD charges 5.39% per year while VOO charges 0.03%. On a $10,000 position that is $539 vs $3 annually, a gap of $536 per year that compounds over a long holding period. On income, KBWD currently yields 14.38% against 1.08% for VOO.
Holdings Overlap
Frequently Asked Questions
Which is cheaper, KBWD or VOO?
KBWD has an expense ratio of 5.39% while VOO charges 0.03%. VOO is the cheaper option. On a $10,000 investment, that is $536 per year of difference.
Which performed better, KBWD or VOO?
Over the past year KBWD returned +2.32% vs +20.92% for VOO, so VOO leads on 1-year performance. Over the longest common window we track (16 years), KBWD annualized -0.20% vs +13.45% for VOO. Past performance does not guarantee future results.
Which is riskier, KBWD or VOO?
KBWD has been the more volatile fund at 21.0% annualized versus 14.1% for VOO. Worst drawdown: KBWD -65.2% vs VOO -34.3%.
Should I hold both KBWD and VOO?
KBWD and VOO have a monthly-return correlation of 0.76, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between KBWD and VOO?
KBWD and VOO share 2 common holdings with a 0.1% weight overlap. Combined, they hold 542 unique securities.
Which pays a higher dividend, KBWD or VOO?
KBWD yields 14.38% while VOO yields 1.08%, so KBWD currently pays the higher dividend yield.
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