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KBWPvsIAKETF Comparison

ETF 1

KBWP

Invesco KBW Property & Casualty Insurance ETF

This fund is part of

US Financials

-1.15%

Full KBWP fund page

VS

ETF 2

IAK

iShares U.S. Insurance ETF

This fund is part of

US Financials

-1.15%

Full IAK fund page

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, Non-Corporate and Healthcare. KBWP is less expensive with a Total Expense Ratio (TER) of 0.35%, versus 0.37% for IAK. KBWP is up 9.1% year-to-date (YTD) with -$14M in YTD flows. IAK performs better with 10.35% YTD performance, and -$75M 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

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Daily, global ETF data for advanced analysis or integration into apps (API), from our partner Trackinsight.

Data Services

Historic performance and flows

Data as of 10/23/2026

		1M	3M	YTD	1Y	3Y	5Y
Perf.	KBWP IAK	+10.03%+6.27%	+3.74%+1.69%	+9.10%+10.35%	+17.64%+17.35%	+69.74%+70.19%	+86.20%+90.20%
Flows	KBWP IAK	-$5M-$14M	+$27M-$56M	-$14M-$75M	-$168M-$247M	+$19M-$139M	+$79M+$115M

Volatility and drawdown

		3M	1Y	3Y	5Y
Volatility	KBWP IAK	+18.55%+16.52%	+18.10%+16.05%	+18.00%+16.79%	+18.80%+18.21%
Max drawdown	KBWP IAK	-12.06%-10.43%	-12.06%-10.43%	-12.30%-11.52%	-16.98%-14.68%
Max drawdown duration	KBWP IAK	87d87d	87d87d	123d254d	235d203d

Trading data

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	KBWP	IAK
Last sale 10/26/2026 at 1:30 PM	$136.72	$147.57
Previous close 10/23/2026	$136.69	$146.88
Consolidated volume 10/23/2026
Average volume 30 days
Average discount or premium 30 days
Average Bid/Ask spread 30 days

Replication quality

Data as of September 30, 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

Main metrics

Last update 10/26/2026 at 1:30 PM

Live

Closed

	KBWP	IAK
Last price	$136.72	$147.57
1D performance	+0.02%	+0.47%
AuM	$297.98 M	$448.11 M
E/R	0.35%	0.37%

Characteristics

	KBWP	IAK
Management strategy	Passive	Passive
Provider	Invesco	iShares
Benchmark	KBW Nasdaq Property & Casualty Index	Dow Jones U.S. Select Insurance Index
N° of holdings	24	58
Asset class	Equities	Equities
Trailing 12m distribution yield	Join	Join
Inception date	December 2, 2010	May 1, 2006
ESG	No	No

More KBWP data on Trackinsight

More IAK data on Trackinsight

Exposure

Countries

KBWP

USA

67.14%

Bermuda

13.1%

Ireland

7.61%

Switzerland

7.47%

Other

4.68%

IAK

USA

83.04%

Switzerland

12.77%

Other

4.19%

Sectors

KBWP

Finance

90.38%

Business Services

9.62%

Other

-0%

IAK

Finance

99.09%

Other

0.91%

Diversification

KBWP

Total weight of top 15 holdings out of 15

80.09%

IAK

Total weight of top 15 holdings out of 15

78.59%

Top 15 holdings

Data as of August 31, 2026

KBWP

The Travelers Cos., Inc.

8.71%

Marsh & McLennan Cos., Inc.

8.18%

The Progressive Corp.

7.87%

Aon Plc

7.61%

Chubb Ltd.

7.47%

Willis Towers Watson Plc

4.68%

Arthur J. Gallagher & Co.

4.45%

Brown & Brown, Inc.

4.37%

The Allstate Corp.

4.30%

Everest Group Ltd.

3.82%

Arch Capital Group Ltd.

3.80%

Cincinnati Financial Corp.

3.77%

The Hartford Insurance Group, Inc.

3.73%

W.R. Berkley Corp.

3.70%

Assurant, Inc.

3.62%

IAK

The Progressive Corp.

13.32%

Chubb Ltd.

12.77%

The Travelers Cos., Inc.

8.13%

The Allstate Corp.

6.94%

MetLife, Inc.

4.65%

Prudential Financial, Inc.

4.45%

Aflac, Inc.

4.38%

American International Group, Inc.

4.29%

The Hartford Insurance Group, Inc.

4.10%

Arch Capital Group Ltd.

3.72%

Cincinnati Financial Corp.

2.86%

Markel Group, Inc.

2.46%

Principal Financial Group, Inc.

2.36%

W.R. Berkley Corp.

2.17%

Loews Corp.

1.99%

Frequently asked questions about KBWP and IAK

How have the KBWP and IAK ETFs performed in 2026?

As of October 23, 2026, KBWP is up 9.1% year-to-date (YTD), while IAK has returned 10.35%. 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 -$14M in flows, compared to -$75M for IAK.

Which ETF is more volatile: KBWP or IAK?

Over the past year, KBWP had a volatility of 18.1%, while IAK experienced 16.05%.

Which ETF is bigger: KBWP or IAK?

As of October 23, 2026, KBWP holds $297.98 M in assets under management (AUM), while IAK manages $448.11 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 The Progressive Corp.. IAK holds in its top three: The Progressive Corp., Chubb Ltd. and The Travelers Cos., Inc..

Which ETF is more diversified: KBWP or IAK?

KBWP holds 24 securities with 80.09% of its assets in the top 15. IAK has 58 securities and a top 15 weight of 78.59%.

Insurance Investments Unveiled: Trends, ETFs, and the Changing Risk Landscape

October 31, 2023

KBWP

IAK

KBWPvsIAKETF Comparison

Invesco KBW Property & Casualty Insurance ETF

iShares U.S. Insurance ETF

KBWP vs IAK performance and flow charts

Performance

Cumulative Flows

Get all the metrics on this page, and more, through a reliable ETF data feed

Countries

Sectors

Diversification

Top 15 holdings

How have the KBWP and IAK ETFs performed in 2026?

As of October 23, 2026, KBWP is up 9.1% year-to-date (YTD), while IAK has returned 10.35%. 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 -$14M in flows, compared to -$75M for IAK.

Which ETF is more volatile: KBWP or IAK?

Over the past year, KBWP had a volatility of 18.1%, while IAK experienced 16.05%.

Which ETF is bigger: KBWP or IAK?

As of October 23, 2026, KBWP holds $297.98 M in assets under management (AUM), while IAK manages $448.11 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 The Progressive Corp.. IAK holds in its top three: The Progressive Corp., Chubb Ltd. and The Travelers Cos., Inc..

Which ETF is more diversified: KBWP or IAK?

KBWP holds 24 securities with 80.09% of its assets in the top 15. IAK has 58 securities and a top 15 weight of 78.59%.

Insurance Investments Unveiled: Trends, ETFs, and the Changing Risk Landscape

ETFs’ Next Act: From Access to Selection