We use cookies to understand how you use our site and to improve your experience.
This includes personalizing content and advertising.
By pressing "Accept All" or closing out of this banner, you consent to the use of all cookies and similar technologies and the sharing of information they collect with third parties.
You can reject marketing cookies by pressing "Deny Optional," but we still use essential, performance, and functional cookies.
In addition, whether you "Accept All," Deny Optional," click the X or otherwise continue to use the site, you accept our Privacy Policy and Terms of Service, revised from time to time.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Should You Invest in the Invesco KBW Property & Casualty Insurance ETF (KBWP)?
Read MoreHide Full Article
Launched on December 2, 2010, the Invesco KBW Property & Casualty Insurance ETF (KBWP - Free Report) is a passively managed exchange traded fund designed to provide a broad exposure to the Financials - Insurance segment of the equity market.
While an excellent vehicle for long term investors, passively managed ETFs are a popular choice among institutional and retail investors due to their low costs, transparency, flexibility, and tax efficiency.
Sector ETFs also provide investors access to a broad group of companies in particular sectors that offer low risk and diversified exposure. Financials - Insurance is one of the 16 broad Zacks sectors within the Zacks Industry classification. It is currently ranked 5, placing it in top 31%.
Index Details
The fund is sponsored by Invesco. It has amassed assets over $260.05 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
Expense ratios are an important factor in the return of an ETF and in the long term, cheaper funds can significantly outperform their more expensive counterparts, other things remaining 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 1.96%.
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 9.11% of total assets, followed by Travelers Cos Inc/the (TRV) and Marsh & Mclennan Cos Inc (MRSH).
The top 10 holdings account for about 61.41% of total assets under management.
Performance and Risk
The ETF has lost about 5.37% and is down about 1.87% so far this year and in the past one year (as of 04/06/2026), respectively. KBWP has traded between $110.55 and $128.36 during this last 52-week period.
The ETF has a beta of 0.47 and standard deviation of 16.91% for the trailing three-year period, making it a medium risk choice in the space. With about 26 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 $372.27 million in assets, State Street SPDR S&P Insurance ETF has $421.59 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.
Zacks' 7 Best Strong Buy Stocks (New Research Report)
Valued at $99, click below to receive our just-released report
predicting the 7 stocks that will soar highest in the coming month.
View the Zacks #1 Rank List
Image: Bigstock
Should You Invest in the Invesco KBW Property & Casualty Insurance ETF (KBWP)?
Launched on December 2, 2010, the Invesco KBW Property & Casualty Insurance ETF (KBWP - Free Report) is a passively managed exchange traded fund designed to provide a broad exposure to the Financials - Insurance segment of the equity market.
While an excellent vehicle for long term investors, passively managed ETFs are a popular choice among institutional and retail investors due to their low costs, transparency, flexibility, and tax efficiency.
Sector ETFs also provide investors access to a broad group of companies in particular sectors that offer low risk and diversified exposure. Financials - Insurance is one of the 16 broad Zacks sectors within the Zacks Industry classification. It is currently ranked 5, placing it in top 31%.
Index Details
The fund is sponsored by Invesco. It has amassed assets over $260.05 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
Expense ratios are an important factor in the return of an ETF and in the long term, cheaper funds can significantly outperform their more expensive counterparts, other things remaining 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 1.96%.
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 9.11% of total assets, followed by Travelers Cos Inc/the (TRV) and Marsh & Mclennan Cos Inc (MRSH).The top 10 holdings account for about 61.41% of total assets under management.
Performance and Risk
The ETF has lost about 5.37% and is down about 1.87% so far this year and in the past one year (as of 04/06/2026), respectively. KBWP has traded between $110.55 and $128.36 during this last 52-week period.
The ETF has a beta of 0.47 and standard deviation of 16.91% for the trailing three-year period, making it a medium risk choice in the space. With about 26 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 $372.27 million in assets, State Street SPDR S&P Insurance ETF has $421.59 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.