KBWD
Invesco KBW High Dividend Yield Financial ETF
Invesco KBW High Dividend Yield Financial Portfolio seeks investment results that correspond (before fees and expenses) generally to the price and yield of the index called KBW Financial Sector Dividend Yield Index.
US
EQUITY
Rules-Based
MANAGEMENT STYLE
$ 413.8 M
ASSETS UNDER MGMT
384 bp
EXPENSES
Fund Basics
| Inception date | Dec 02, 2010 |
| Regulation | Open-Ended Fund |
| Fund Website | link... |
| Distributions | Monthly |
| Currency | USD |
| Holdings Transparency | Full |
| Derivatives-based | No |
| Options available | Yes |
| Currency hedged | No |
| Fund of funds | No |
Top 10 Holdings
| ORCHID ISLAND CAPITAL INC | 4.2 % |
| FS INVESTMENT CORP | 4.1 % |
| INVESCO MORTGAGE CAPITAL INC | 3.9 % |
| TRINITY CAPITAL INC ORDINARY SHARES | 3.8 % |
| TWO HARBORS INVESTMENT CORP | 3.8 % |
| NEW MOUNTAIN FINANCE CORP | 3.8 % |
| ARMOUR RESIDENTIAL REIT INC | 3.6 % |
| GOLDMAN SACHS BDC, INC | 3.5 % |
| TCG BDC, INC. | 3.4 % |
| PENNANTPARK FLOATING RATE CA | 3.3 % |
Constituent Breakdown
| Number of holdings | 42 |
| Herfindahl-Hirschman Index | 288 |
| Wgt avg mkt cap (mns) | $2,152 |
| Large cap (>$10bn) | 6.0% |
| Mid cap ($2-10bn) | 23.1% |
| Small cap (<$2bn) | 42.3% |
| Developed mkts. | 71.4% |
| Emerging mkts. | 0.0% |
Sector Breakdown
Country Exposure
 |
UNITED STATES | 71.4 % |
Historical Performance
Standardized Performance (as of 06/30/2026)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | 20 YR | Incep. | |
|---|---|---|---|---|---|---|---|---|
| Price Returns | -9.1% | -10.5% | -9.1% | -7.4% | -9.6% | -5.0% | -- | -4.1% |
| Dividend Yield | 6.3% | 12.5% | 12.2% | 12.2% | 10.9% | 10.2% | -- | 9.8% |
| Total Returns | -2.8% | 2.1% | 3.1% | 4.8% | 1.2% | 5.1% | -- | 5.7% | Ann. Volatility | 18.0% | 15.7% | 18.0% | 18.1% | 19.9% | 23.2% | -- | 20.8% |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 0.66 | 28% |
| MSCI EAFE | 0.55 | 30% |
| MSCI Emg Mkts | 0.26 | 15% |
Liquidity Measures
| Avg. volume (000) | 383 |
| ADV traded (mns) | $5 |
| Turnover | 1.1% |
| Avg. Bid/Ask (% of price) | 0.08% |
Technical Indicators
| 30d moving avg. (EMA) | $12.20 |
| Relative strength (RSI) | 47 |
| MACD/Signal | -0.01/0.02 |
| Bollinger Bands (Upper/Lower) | $12.51/$11.97 |
| Short interest (% of AUM) | 0.8% |
Distributions
Top Ten Comparable ETFs only shown here. For an extended list become an Individual or Professional subscriber. Start your FREE trial
Comparable ETFs Based on Overlap
| Ticker | Fund Name | Overlap vs. KBWD |
Expenses vs. KBWD |
ALTAR Score™ vs. KBWD |
|---|---|---|---|---|
| MORT | VanEck Mortgage REIT Income ETF | 17.8% | -341 bp | +0.9% |
| REM | iShares Mortgage Real Estate ETF | 16.5% | -336 bp | +1.4% |
| XSHD | Invesco S&P SmallCap High Dividend Low Volatility ETF | 11.1% | -354 bp | -5.2% |
| BIZD | VanEck BDC Income ETF | 10.9% | -373 bp | -2.9% |
Risk and Returns: KBWD vs. Comps (1 YR)
Notes: Top 10 overlapping ETFs. Funds with insufficient history not shown. Some funds may overlap. Hover over data point for ticker symbol.
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Results & Estimates (USD)
| 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | ||
|---|---|---|---|---|---|---|---|---|---|
| Sales per share | -- | -- | -- | -- | -- | -- | -- | ||
| change (%) | -- | -- | -- | -- | -- | -- | -- | ||
| Earnings per share | -- | -- | -- | -- | -- | -- | -- | ||
| change (%) | -- | -- | -- | -- | -- | -- | -- | ||
| Dividends per share | -- | -- | -- | -- | -- | -- | -- | ||
| change (%) | -- | -- | -- | -- | -- | -- | -- | ||
| Book value per share | -- | -- | -- | -- | -- | -- | -- | ||
| change (%) | -- | -- | -- | -- | -- | -- | -- |
Return on Equity
Net Margins
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Valuation Metrics
| Fwd Est | 2025 | 2026 | 2027 | |
| Price-to-sales | --x | --x | --x | --x |
| Price-to-earnings | --x | --x | --x | --x |
| Price-to-cash flow | --x | --x | --x | --x |
| Price-to-growth | --x | --x | --x | --x |
| Price-to-book value | --x | --x | --x | --x |
| Yield | --% | --% | --x | --% |
Based on closing prices from 7/30/2026
Peer Group Comparison
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Historical Valuation Trends Sample data. Subscribe for access.
Notes: Based on adjusted historical results for current fund constituents. May differ from results achieved by past fund constituents. Max P/E of 100x.
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ETF Research Center Rating
17.5%
ALTAR SCORE™
99th
PERCENTILE
SPECULATIVE
ETFRC RATING
There are 1,402 funds in the US Equity category with an average
ALTAR Score™ of 5.3% and a standard deviation
of 1.9%. KBWD's ALTAR Score™ is approximately 6.3 standard
deviations above the category average. This places KBWD in the 99th percentile
among funds in the category.
Sell-Side Consensus
$15.79
PRICE TARGET
+30.2%
UPSIDE