KBWPvsDFNLETF Comparison
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Invesco KBW Property & Casualty Insurance ETF (KBWP) belongs to the US Financials segment. Davis Select Financial ETF (DFNL) is part of the Uncategorized Equities segment. Both ETFs have the same top 3 sector exposures: and Financials. KBWP is less expensive with a Total Expense Ratio (TER) of 0.35%, versus 0.63% for DFNL. KBWP is down -4.41% year-to-date (YTD) with -$23M in YTD flows. DFNL performs better with -2.5% YTD performance, and +$84M in YTD flows. Run a side-by-side ETF comparison of KBWP and DFNL below, and assess how they stack up in performance, liquidity, risk, exposure, holdings, and more, helping you select the best ETF for your investments.
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KBWP vs DFNL performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 04/24/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | KBWP DFNL | +1.06%+5.66% | -0.77%-2.14% | -4.41%-2.50% | +3.66%+22.34% | +51.56%+76.54% | +71.03%+65.69% |
| Flows | KBWP DFNL | -$11M+$7M | -$23M+$23M | -$23M+$84M | -$192M+$163M | -$204M+$186M | +$2M+$160M |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | KBWP DFNL | +18.05%+17.65% | +16.58%+14.66% | +17.26%+16.93% | +18.48%+19.07% |
| Max drawdown | KBWP DFNL | -8.06%-12.61% | -8.60%-12.61% | -12.30%-16.11% | -16.98%-26.10% |
| Max drawdown duration | KBWP DFNL | 53d75d | 115d75d | 123d164d | 235d788d |
Trading data
KBWP | DFNL | |
Last sale 4/27/2026 at 1:30 PM | $120.90 | $47.19 |
| Previous close 04/24/2026 | $120.61 | $46.99 |
| Consolidated volume 04/24/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
Replication quality
Data as of March 31, 2026
1-year trailing difference
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DFNL
is actively managed and doesn’t replicate an indexKBWP | DFNL | |
|---|---|---|
| Tracking error | ||
| Tracking difference | ||
| 1 year cumulative return difference | ||
| Best | ||
| Worst | ||
| Daily return difference | ||
| Average | ||
| Worst | ||
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Main metrics
Last update 4/27/2026 at 1:30 PM
Live
Closed
KBWP | DFNL | |
|---|---|---|
| Last price | $120.90 | $47.19 |
| 1D performance | +0.24% | +0.43% |
| AuM | $254.45 M | $470.43 M |
| E/R | 0.35% | 0.63% |
Characteristics
KBWP | DFNL | |
|---|---|---|
| Management strategy | Passive | Active |
| Provider | Invesco | Davis ETFs |
| Benchmark | KBW Nasdaq Property & Casualty Index | - |
| N° of holdings | 24 | 30 |
| Asset class | Equities | - |
| Trailing 12m distribution yield | Join | Join |
| Inception date | December 2, 2010 | January 11, 2017 |
| ESG | No | No |
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Exposure
Countries
KBWP
USA
65.67%
Bermuda
14.15%
Ireland
12.08%
Switzerland
8.1%
Other
-0%
DFNL
USA
70.63%
Switzerland
9.26%
Bermuda
7.59%
Other
12.52%
Sectors
KBWP
Financials
100%
Other
-0%
DFNL
Financials
95.21%
Other
4.79%
Diversification
KBWP
Total weight of top 15 holdings out of 15
79.9%
DFNL
Total weight of top 15 holdings out of 15
71.05%
Top 15 holdings
Data as of March 31, 2026
KBWP
CHUBB LTD
8.10%
AON
8.09%
PROGRESSIVE
8.05%
TRAVELERS COS INC/THE
7.99%
MARSH AND MCLENNAN
7.83%
ALLSTATE
4.09%
HARTFORD FINANCIAL SERVICES GRUP
4.06%
CINCINNATI FINANCIAL
4.05%
ARCH CAPITAL GROUP
4.03%
WILLIS TOWERS WATSON
4.00%
EVEREST REINSURANCE GROUP
3.95%
ARTHUR J GALLAGHER
3.92%
AMERICAN INTERNATIONAL GROUP
3.92%
RENAISSANCERE
3.91%
WR BERKLEY
3.90%
DFNL
CAPITAL ONE FINANCIAL
9.90%
BERKSHIRE HATHWAY
5.90%
US
5.59%
FIFTH THIRD BANCORP
5.17%
MARKET CORPORATION
5.04%
CHUBB LTD
4.98%
WELLS FARGO
4.95%
PNC FINL SVC
4.81%
JPMORGAN CHASE
4.40%
JULIUS BAER
4.28%
AMERICAN EXPRESS
3.63%
LOEWS
3.44%
RENAISSANCERE
3.31%
DBS GROUP HOLDINGS
2.94%
EXOR SPA
2.72%
Frequently asked questions about KBWP and DFNL
How have the KBWP and DFNL ETFs performed in 2026?
As of April 24, 2026, KBWP is down -4.41% year-to-date (YTD), while DFNL has lost -2.5%. That puts DFNL better performer ahead so far this year.
Which ETF is attracting more investor money: KBWP or DFNL?
Year-to-date, the KBWP ETF saw -$23M in flows, compared to +$84M for DFNL.
Which ETF is more volatile: KBWP or DFNL?
Over the past year, KBWP had a volatility of 16.58%, while DFNL experienced 14.66%.
Which ETF is bigger: KBWP or DFNL?
As of April 24, 2026, KBWP holds $254.45 M in assets under management (AUM), while DFNL manages $470.43 M.
What sectors do the KBWP and DFNL ETFs invest in?
KBWP leans toward sectors like Financials. Meanwhile, DFNL focuses on Financials.
What are the top holdings of the KBWP ETF and DFNL ETF?
KBWP top holdings include CHUBB LTD, AON and PROGRESSIVE. DFNL holds in its top three: CAPITAL ONE FINANCIAL, BERKSHIRE HATHWAY and US.
Which ETF is more diversified: KBWP or DFNL?
KBWP holds 24 securities with 79.9% of its assets in the top 15. DFNL has 31 securities and a top 15 weight of 71.05%.
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Latest news about KBWP & DFNL
Insurance Investments Unveiled: Trends, ETFs, and the Changing Risk Landscape
October 31, 2023
KBWP
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