KBWP vs VTI
Invesco KBW Property & Casualty Insurance ETF vs Vanguard Total Stock Market ETF
Quick Verdict
VTI has a lower expense ratio. VTI delivered stronger 1-year returns. VTI offers more diversification with 2783 holdings.
Side-by-Side Comparison
| Metric | KBWP | VTI | Winner |
|---|---|---|---|
| Expense Ratio | 0.35% | 0.03% | |
| AUM | $270M | $663.5B | |
| Dividend Yield | 1.94% | 1.07% | |
| Holdings | 27 | 3,543 | |
| YTD Return | +7.98% | +14.22% | |
| 1Y Return | +12.63% | +22.19% | |
| 3Y Return (annualized) | +19.24% | +21.27% | |
| 5Y Return (annualized) | +13.04% | +12.23% | |
| Volatility (annualized) | 15.6% | 15.3% | |
| Max Drawdown | -40.3% | -56.6% | |
| Fund Family | Invesco (US) | Vanguard (US) | |
| Category | Equity | Equity | |
| Inception | Dec 2, 2010 | May 24, 2001 |
KBWP vs VTI Performance
Invesco KBW Property & Casualty Insurance ETF (KBWP) is a ETF from Invesco (US) and Vanguard Total Stock Market ETF (VTI) is a ETF from Vanguard (US). Over the past year KBWP returned +12.63% while VTI returned +22.19%. Year to date, KBWP is up 7.98% versus a gain of 14.22% for VTI.
Over three years, KBWP compounded at +19.24% per year against +21.27% for VTI; over five years the annualized figures are +13.04% and +12.23% respectively. Across the full 16-year window we track, KBWP has the edge at +12.05% annualized vs +8.14%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
KBWP has been the more volatile fund, with annualized monthly volatility of 15.6% compared with 15.3% for VTI. 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 -56.6% for VTI. 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 0.58. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
KBWP charges 0.35% per year while VTI charges 0.03%. On a $10,000 position that is $35 vs $3 annually, a gap of $32 per year that compounds over a long holding period. On income, KBWP currently yields 1.94% against 1.07% for VTI.
Holdings Overlap
KBWP and VTI share 22 holdings out of 2785 unique holdings combined, representing a 1.1% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, KBWP or VTI?
KBWP has an expense ratio of 0.35% while VTI charges 0.03%. VTI is the cheaper option. On a $10,000 investment, that is $32 per year of difference.
Which performed better, KBWP or VTI?
Over the past year KBWP returned +12.63% vs +22.19% for VTI, so VTI leads on 1-year performance. Over the longest common window we track (16 years), KBWP annualized +12.05% vs +8.14% for VTI. Past performance does not guarantee future results.
Which is riskier, KBWP or VTI?
KBWP has been the more volatile fund at 15.6% annualized versus 15.3% for VTI. Worst drawdown: KBWP -40.3% vs VTI -56.6%.
Should I hold both KBWP and VTI?
KBWP and VTI have a monthly-return correlation of 0.58, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between KBWP and VTI?
KBWP and VTI share 22 common holdings with a 1.1% weight overlap. Combined, they hold 2785 unique securities.
Which pays a higher dividend, KBWP or VTI?
KBWP yields 1.94% while VTI yields 1.07%, so KBWP currently pays the higher dividend yield.
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