Invesco KBW Correlations

Etfs . USA . 
Etf . Invesco KBW Bank
KBWB Etf  USD 71.05  0.05  0.07%   
The current 90-days correlation between Invesco KBW Bank and Invesco KBW Regional is 0.95 (i.e., Almost no diversification). 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.

Invesco KBW Correlation With Market

Very poor diversification

The correlation between Invesco KBW Bank and DJI is 0.81 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Invesco KBW Bank 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 Bank. 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

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Moving against Invesco Etf

  0.44EUFN iShares MSCI EuropePairCorr
  0.91KO Coca Cola Sell-off TrendPairCorr
  0.9MRK Merck Company Fiscal Year End 6th of February 2025 PairCorr
  0.83JNJ Johnson Johnson Fiscal Year End 28th of January 2025 PairCorr

Related Correlations Analysis

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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.

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