Invesco KBW Correlations

KBWR Etf

USD 63.18 0.07 0.11%

The current 90-days correlation between Invesco KBW Regional and First Trust NASDAQ is 0.99 (i.e., No risk reduction). The correlation of Invesco KBW is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak. If the correlation is 0, the equities are not correlated; they are entirely random.

Invesco KBW Correlation With Market

Modest diversification

The correlation between Invesco KBW Regional and DJI is 0.21 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Invesco KBW Regional and DJI in the same portfolio, assuming nothing else is changed.

Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Invesco KBW Regional. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in housing.

Moving together with Invesco Etf

0.8	XLF	Financial Select Sector Aggressive Push	Pair Corr
0.83	VFH	Vanguard Financials Index	Pair Corr
1.0	KRE	SPDR SP Regional Aggressive Push	Pair Corr
0.99	KBE	SPDR SP Bank	Pair Corr
0.85	IYF	iShares Financials ETF	Pair Corr
0.83	FNCL	Fidelity MSCI Financials	Pair Corr
0.75	IYG	iShares Financial	Pair Corr
0.93	FXO	First Trust Financials	Pair Corr
0.98	IAT	iShares Regional Banks	Pair Corr
0.73	OIH	VanEck Oil Services	Pair Corr
0.85	EWC	iShares MSCI Canada	Pair Corr
0.69	HUM	Humana Inc	Pair Corr
0.83	QQEW	First Trust NASDAQ	Pair Corr
0.66	CAT	Caterpillar Earnings Call This Week	Pair Corr
0.74	TRV	The Travelers Companies	Pair Corr
0.68	BAC	Bank of America	Pair Corr
0.73	CVX	Chevron Corp Fiscal Year End 7th of February 2025	Pair Corr

Moving against Invesco Etf

0.51

IAUF

IShares

Pair Corr

Related Correlations Analysis

	QABA	KBWB	KBWP	PSCF	FTXO
QABA		0.72	0.89	0.97	0.82	QABA
KBWB	0.72		0.55	0.61	0.98	KBWB
KBWP	0.89	0.55		0.92	0.66	KBWP
PSCF	0.97	0.61	0.92		0.73	PSCF
FTXO	0.82	0.98	0.66	0.73		FTXO
	QABA	KBWB	KBWP	PSCF	FTXO

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Invesco KBW Constituents Risk-Adjusted Indicators

There is a big difference between Invesco Etf performing well and Invesco KBW ETF doing well as a business compared to the competition. There are so many exceptions to the norm that investors cannot definitively determine what's good or bad unless they analyze Invesco KBW's multiple risk-adjusted performance indicators across the competitive landscape. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
QABA	1.33	0.07	0.02	0.24	1.45	(1.64)	3.06	(2.20)	18.20
KBWB	1.05	0.17	0.10	0.42	1.00	(1.36)	2.14	(1.48)	14.91
KBWP	0.89	(0.06)	0.00	(0.06)	0.00	0.00	1.75	(1.92)	7.87
PSCF	1.06	(0.01)	(0.04)	0.07	1.27	(1.21)	1.90	(1.90)	12.77
FTXO	1.15	0.14	0.08	0.37	1.09	(1.36)	2.29	(1.77)	16.36

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