KBWPvsIAKETF Comparison
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Invesco KBW Property & Casualty Insurance ETF (KBWP) and iShares U.S. Insurance ETF (IAK) belong to the same industry segment: US Financials. KBWP's top 2 sector exposures are Finance and Business Services. In contrast, IAK's top sector exposures are Finance, Healthcare and Non-Corporate. KBWP is less expensive with a Total Expense Ratio (TER) of 0.35%, versus 0.37% for IAK. KBWP is up 3.74% year-to-date (YTD) with -$18M in YTD flows. IAK performs better with 7.08% YTD performance, and -$3M in YTD flows. Run a side-by-side ETF comparison of KBWP and IAK 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 IAK performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 09/08/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | KBWP IAK | -3.39%-2.46% | +10.61%+9.01% | +3.74%+7.08% | +9.62%+11.06% | +66.23%+66.68% | +82.10%+95.48% |
| Flows | KBWP IAK | +$22M-$22M | +$8M+$115M | -$18M-$3M | -$220M-$229M | +$15M-$49M | +$75M+$174M |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | KBWP IAK | +21.62%+19.41% | +18.04%+16.15% | +17.93%+16.80% | +18.70%+18.21% |
| Max drawdown | KBWP IAK | -6.71%-5.86% | -9.56%-7.62% | -12.30%-11.52% | -16.98%-14.68% |
| Max drawdown duration | KBWP IAK | 42d42d | 177d182d | 123d254d | 235d203d |
Trading data
KBWP | IAK | |
Last sale 9/9/2026 at 1:30 PM | $129.38 | $142.94 |
| Previous close 09/08/2026 | $130.41 | $143.07 |
| Consolidated volume 09/08/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
Replication quality
Data as of August 31, 2026
1-year trailing difference
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KBWP | IAK | |
|---|---|---|
| Tracking error | ||
| Tracking difference | ||
| 1 year cumulative return difference | ||
| Best | ||
| Worst | ||
| Daily return difference | ||
| Average | ||
| Worst | ||
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Main metrics
Last update 9/9/2026 at 1:30 PM
Live
Closed
KBWP | IAK | |
|---|---|---|
| Last price | $129.38 | $142.94 |
| 1D performance | -0.79% | -0.09% |
| AuM | $280.23 M | $507.86 M |
| E/R | 0.35% | 0.37% |
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Exposure
Countries
KBWP
USA
67.15%
Bermuda
13.1%
Ireland
7.89%
Switzerland
7.68%
Other
4.18%
IAK
USA
82.6%
Switzerland
12.87%
Other
4.53%
Sectors
KBWP
Finance
90.35%
Business Services
9.64%
Other
0%
IAK
Finance
99.16%
Other
0.84%
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Diversification
KBWP
Total weight of top 15 holdings out of 15
80.39%
IAK
Total weight of top 15 holdings out of 15
79.02%
Top 15 holdings
Data as of July 31, 2026
KBWP
The Travelers Cos., Inc.
8.81%
Marsh & McLennan Cos., Inc.
8.17%
Aon Plc
7.89%
Chubb Ltd.
7.68%
The Progressive Corp.
7.64%
Arthur J. Gallagher & Co.
4.42%
The Allstate Corp.
4.40%
Brown & Brown, Inc.
4.40%
Willis Towers Watson Plc
4.18%
W.R. Berkley Corp.
3.94%
Arch Capital Group Ltd.
3.87%
Everest Group Ltd.
3.83%
Cincinnati Financial Corp.
3.81%
The Hartford Insurance Group, Inc.
3.79%
American International Group, Inc.
3.57%
IAK
Chubb Ltd.
12.87%
The Progressive Corp.
12.70%
The Travelers Cos., Inc.
8.15%
The Allstate Corp.
6.96%
Aflac, Inc.
4.71%
MetLife, Inc.
4.64%
Prudential Financial, Inc.
4.52%
American International Group, Inc.
4.32%
The Hartford Insurance Group, Inc.
4.18%
Arch Capital Group Ltd.
3.75%
Cincinnati Financial Corp.
2.89%
Markel Group, Inc.
2.52%
Principal Financial Group, Inc.
2.40%
W.R. Berkley Corp.
2.31%
Loews Corp.
2.11%
Frequently asked questions about KBWP and IAK
How have the KBWP and IAK ETFs performed in 2026?
As of September 8, 2026, KBWP is up 3.74% year-to-date (YTD), while IAK has returned 7.08%. That puts IAK better performer ahead so far this year.
Which ETF is attracting more investor money: KBWP or IAK?
Year-to-date, the KBWP ETF saw -$18M in flows, compared to -$3M for IAK.
Which ETF is more volatile: KBWP or IAK?
Over the past year, KBWP had a volatility of 18.04%, while IAK experienced 16.15%.
Which ETF is bigger: KBWP or IAK?
As of September 8, 2026, KBWP holds $280.23 M in assets under management (AUM), while IAK manages $507.86 M.
What sectors do the KBWP and IAK ETFs invest in?
KBWP leans toward sectors like Finance and Business Services. Meanwhile, IAK focuses on Finance.
What are the top holdings of the KBWP ETF and IAK ETF?
KBWP top holdings include The Travelers Cos., Inc., Marsh & McLennan Cos., Inc. and Aon Plc. IAK holds in its top three: Chubb Ltd., The Progressive Corp. and The Travelers Cos., Inc..
Which ETF is more diversified: KBWP or IAK?
KBWP holds 24 securities with 80.39% of its assets in the top 15. IAK has 58 securities and a top 15 weight of 79.02%.
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Latest news about KBWP & IAK
Insurance Investments Unveiled: Trends, ETFs, and the Changing Risk Landscape
October 31, 2023
KBWP
IAK
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