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Should You Invest in the Invesco KBW Property & Casualty Insurance ETF (KBWP)?
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If you're interested in broad exposure to the Financials - Insurance segment of the equity market, look no further than the Invesco KBW Property & Casualty Insurance ETF (KBWP - Free Report) , a passively managed exchange traded fund launched on December 2, 2010.
Passively managed ETFs are becoming increasingly popular with institutional as well as retail investors due to their low cost, transparency, flexibility and tax efficiency. They are excellent vehicles for long term investors.
Investor-friendly, sector ETFs provide many options to gain low risk and diversified exposure to a broad group of companies in particular sectors. Financials - Insurance is one of the 16 broad Zacks sectors within the Zacks Industry classification. It is currently ranked 3, placing it in top 19%.
Index Details
The fund is sponsored by Invesco. It has amassed assets over $284.21 million, making it one of the average sized ETFs attempting to match the performance of the Financials - Insurance segment of the equity market. KBWP seeks to match the performance of the KBW Nasdaq Property & Casualty Index before fees and expenses.
The KBW Nasdaq Property & Casualty Index is a modified market capitalization weighted index that reflects the performance of approximately 24 property and casualty insurance companies.
Costs
Cost is an important factor in selecting the right ETF, and cheaper funds can significantly outperform their more expensive counterparts if all other fundamentals are the same.
Annual operating expenses for this ETF are 0.35%, making it one of the least expensive products in the space.
It has a 12-month trailing dividend yield of 1.62%.
Sector Exposure and Top Holdings
Even though ETFs offer diversified exposure that minimizes single stock risk, investors should also look at the actual holdings inside the fund. Luckily, most ETFs are very transparent products that disclose their holdings on a daily basis.
This ETF has heaviest allocation in the Financials sector -- about 100% of the portfolio.
Looking at individual holdings, Chubb Ltd (CB) accounts for about 8.29% of total assets, followed by Marsh & Mclennan Cos Inc (MMC) and Aon Plc (AON).
The top 10 holdings account for about 60.06% of total assets under management.
Performance and Risk
So far this year, KBWP has lost about 2.84%, and is up roughly 9.06% in the last one year (as of 02/02/2026). During this past 52-week period, the fund has traded between $110.55 and $128.36.
The ETF has a beta of 0.49 and standard deviation of 17.54% for the trailing three-year period, making it a medium risk choice in the space. With about 27 holdings, it has more concentrated exposure than peers.
Alternatives
Invesco KBW Property & Casualty Insurance ETF carries a Zacks ETF Rank of 3 (Hold), which is based on expected asset class return, expense ratio, and momentum, among other factors. Thus, KBWP is a reasonable option for those seeking exposure to the Financials ETFs area of the market. Investors might also want to consider some other ETF options in the space.
iShares U.S. Insurance ETF (IAK) tracks Dow Jones U.S. Select Insurance Index and the State Street SPDR S&P Insurance ETF (KIE) tracks S&P Insurance Select Industry Index. iShares U.S. Insurance ETF has $437.94 million in assets, State Street SPDR S&P Insurance ETF has $513.79 million. IAK has an expense ratio of 0.38%, and KIE charges 0.35%.
Bottom Line
To learn more about this product and other ETFs, screen for products that match your investment objectives and read articles on latest developments in the ETF investing universe, please visit Zacks ETF Center.
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Should You Invest in the Invesco KBW Property & Casualty Insurance ETF (KBWP)?
If you're interested in broad exposure to the Financials - Insurance segment of the equity market, look no further than the Invesco KBW Property & Casualty Insurance ETF (KBWP - Free Report) , a passively managed exchange traded fund launched on December 2, 2010.
Passively managed ETFs are becoming increasingly popular with institutional as well as retail investors due to their low cost, transparency, flexibility and tax efficiency. They are excellent vehicles for long term investors.
Investor-friendly, sector ETFs provide many options to gain low risk and diversified exposure to a broad group of companies in particular sectors. Financials - Insurance is one of the 16 broad Zacks sectors within the Zacks Industry classification. It is currently ranked 3, placing it in top 19%.
Index Details
The fund is sponsored by Invesco. It has amassed assets over $284.21 million, making it one of the average sized ETFs attempting to match the performance of the Financials - Insurance segment of the equity market. KBWP seeks to match the performance of the KBW Nasdaq Property & Casualty Index before fees and expenses.
The KBW Nasdaq Property & Casualty Index is a modified market capitalization weighted index that reflects the performance of approximately 24 property and casualty insurance companies.
Costs
Cost is an important factor in selecting the right ETF, and cheaper funds can significantly outperform their more expensive counterparts if all other fundamentals are the same.
Annual operating expenses for this ETF are 0.35%, making it one of the least expensive products in the space.
It has a 12-month trailing dividend yield of 1.62%.
Sector Exposure and Top Holdings
Even though ETFs offer diversified exposure that minimizes single stock risk, investors should also look at the actual holdings inside the fund. Luckily, most ETFs are very transparent products that disclose their holdings on a daily basis.
This ETF has heaviest allocation in the Financials sector -- about 100% of the portfolio.
Looking at individual holdings, Chubb Ltd (CB) accounts for about 8.29% of total assets, followed by Marsh & Mclennan Cos Inc (MMC) and Aon Plc (AON).The top 10 holdings account for about 60.06% of total assets under management.
Performance and Risk
So far this year, KBWP has lost about 2.84%, and is up roughly 9.06% in the last one year (as of 02/02/2026). During this past 52-week period, the fund has traded between $110.55 and $128.36.
The ETF has a beta of 0.49 and standard deviation of 17.54% for the trailing three-year period, making it a medium risk choice in the space. With about 27 holdings, it has more concentrated exposure than peers.
Alternatives
Invesco KBW Property & Casualty Insurance ETF carries a Zacks ETF Rank of 3 (Hold), which is based on expected asset class return, expense ratio, and momentum, among other factors. Thus, KBWP is a reasonable option for those seeking exposure to the Financials ETFs area of the market. Investors might also want to consider some other ETF options in the space.
iShares U.S. Insurance ETF (IAK) tracks Dow Jones U.S. Select Insurance Index and the State Street SPDR S&P Insurance ETF (KIE) tracks S&P Insurance Select Industry Index. iShares U.S. Insurance ETF has $437.94 million in assets, State Street SPDR S&P Insurance ETF has $513.79 million. IAK has an expense ratio of 0.38%, and KIE charges 0.35%.
Bottom Line
To learn more about this product and other ETFs, screen for products that match your investment objectives and read articles on latest developments in the ETF investing universe, please visit Zacks ETF Center.