KBWP vs QQQ
Invesco KBW Property & Casualty Insurance ETF vs Invesco QQQ Trust, Series 1
Quick Verdict
QQQ has a lower expense ratio. QQQ delivered stronger 1-year returns. QQQ offers more diversification with 103 holdings.
Side-by-Side Comparison
| Metric | KBWP | QQQ | Winner |
|---|---|---|---|
| Expense Ratio | 0.35% | 0.18% | |
| AUM | $270M | $455.8B | |
| Dividend Yield | 1.94% | 0.41% | |
| Holdings | 27 | 108 | |
| YTD Return | +7.98% | +19.68% | |
| 1Y Return | +12.63% | +26.75% | |
| 3Y Return (annualized) | +19.24% | +26.25% | |
| 5Y Return (annualized) | +13.04% | +15.39% | |
| Volatility (annualized) | 15.6% | 30.6% | |
| Max Drawdown | -40.3% | -83.0% | |
| Fund Family | Invesco (US) | Invesco (US) | |
| Category | Equity | Equity | |
| Inception | Dec 2, 2010 | Mar 10, 1999 |
KBWP vs QQQ Performance
Invesco KBW Property & Casualty Insurance ETF (KBWP) is a ETF from Invesco (US) and Invesco QQQ Trust, Series 1 (QQQ) is a ETF from Invesco (US). Over the past year KBWP returned +12.63% while QQQ returned +26.75%. Year to date, KBWP is up 7.98% versus a gain of 19.68% for QQQ.
Over three years, KBWP compounded at +19.24% per year against +26.25% for QQQ; over five years the annualized figures are +13.04% and +15.39% respectively. Across the full 16-year window we track, QQQ has the edge at +13.15% annualized vs +12.05%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
QQQ has been the more volatile fund, with annualized monthly volatility of 30.6% compared with 15.6% for KBWP. 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 -40.3% for KBWP and -83.0% for QQQ. 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 0.35. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
KBWP charges 0.35% per year while QQQ charges 0.18%. On a $10,000 position that is $35 vs $18 annually, a gap of $17 per year that compounds over a long holding period. On income, KBWP currently yields 1.94% against 0.41% for QQQ.
Holdings Overlap
KBWP and QQQ share 0 holdings out of 127 unique holdings combined, representing a 0.0% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, KBWP or QQQ?
KBWP has an expense ratio of 0.35% while QQQ charges 0.18%. QQQ is the cheaper option. On a $10,000 investment, that is $17 per year of difference.
Which performed better, KBWP or QQQ?
Over the past year KBWP returned +12.63% vs +26.75% for QQQ, so QQQ leads on 1-year performance. Over the longest common window we track (16 years), KBWP annualized +12.05% vs +13.15% for QQQ. Past performance does not guarantee future results.
Which is riskier, KBWP or QQQ?
QQQ has been the more volatile fund at 30.6% annualized versus 15.6% for KBWP. Worst drawdown: KBWP -40.3% vs QQQ -83.0%.
Should I hold both KBWP and QQQ?
KBWP and QQQ have a monthly-return correlation of 0.35, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between KBWP and QQQ?
KBWP and QQQ share 0 common holdings with a 0.0% weight overlap. Combined, they hold 127 unique securities.
Which pays a higher dividend, KBWP or QQQ?
KBWP yields 1.94% while QQQ yields 0.41%, so KBWP currently pays the higher dividend yield.
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