Bonds & fixed income
KBWDInvescoINDEX
Invesco KBW High Dividend Yield Financial ETF
$10.60+1.92% vs prior close
10.0714.7152-WK
Price through Oct 27, 2026 · Flows through Oct 26, 2026. Figures use the latest available records, not a live quote. Fund details retrieved Oct 27, 2026. Holdings snapshot retrieved Oct 27, 2026.
The fund generally will invest at least 90% of its total assets in the securities that comprise the underlying index. The underlying index is a modified-dividend yield-weighted index of companies principally engaged in the business of providing financial services and products, as determined by the index provider. The underlying index is designed to track the performance of financial companies with competitive dividend yields that are publicly-traded in the U.S.
KBWD price
Source: Market tape, daily closes; price return, distributions not reinvested
Table
| Date | KBWD close |
|---|---|
| Jul 27, 2026 | $12.10 |
| Jul 28, 2026 | $12.27 |
| Jul 29, 2026 | $12.13 |
| Jul 30, 2026 | $12.08 |
| Jul 31, 2026 | $11.99 |
| Aug 3, 2026 | $12.26 |
| Aug 4, 2026 | $12.42 |
| Aug 5, 2026 | $12.28 |
| Aug 6, 2026 | $12.37 |
| Aug 7, 2026 | $12.63 |
| Aug 10, 2026 | $12.52 |
| Aug 11, 2026 | $12.64 |
| Aug 12, 2026 | $12.64 |
| Aug 13, 2026 | $12.83 |
| Aug 14, 2026 | $12.75 |
| Aug 17, 2026 | $12.62 |
| Aug 18, 2026 | $12.60 |
| Aug 19, 2026 | $12.70 |
| Aug 20, 2026 | $12.58 |
| Aug 21, 2026 | $12.60 |
| Aug 24, 2026 | $12.52 |
| Aug 25, 2026 | $12.52 |
| Aug 26, 2026 | $12.45 |
| Aug 27, 2026 | $12.54 |
| Aug 28, 2026 | $12.50 |
| Aug 31, 2026 | $12.51 |
| Sep 1, 2026 | $12.35 |
| Sep 2, 2026 | $12.42 |
| Sep 3, 2026 | $12.46 |
| Sep 4, 2026 | $12.51 |
| Sep 8, 2026 | $12.33 |
| Sep 9, 2026 | $12.18 |
| Sep 10, 2026 | $11.98 |
| Sep 11, 2026 | $11.95 |
| Sep 14, 2026 | $11.94 |
| Sep 15, 2026 | $11.84 |
| Sep 16, 2026 | $11.79 |
| Sep 17, 2026 | $11.91 |
| Sep 18, 2026 | $11.73 |
| Sep 21, 2026 | $11.68 |
| Sep 22, 2026 | $11.72 |
| Sep 23, 2026 | $11.46 |
| Sep 24, 2026 | $11.31 |
| Sep 25, 2026 | $11.32 |
| Sep 28, 2026 | $11.19 |
| Sep 29, 2026 | $11.24 |
| Sep 30, 2026 | $11.05 |
| Oct 1, 2026 | $10.99 |
| Oct 2, 2026 | $10.88 |
| Oct 5, 2026 | $10.79 |
| Oct 6, 2026 | $10.82 |
| Oct 7, 2026 | $10.64 |
| Oct 8, 2026 | $10.73 |
| Oct 9, 2026 | $10.63 |
| Oct 12, 2026 | $10.58 |
| Oct 13, 2026 | $10.53 |
| Oct 14, 2026 | $10.42 |
| Oct 15, 2026 | $10.67 |
| Oct 16, 2026 | $10.47 |
| Oct 19, 2026 | $10.07 |
| Oct 20, 2026 | $10.25 |
| Oct 21, 2026 | $10.21 |
| Oct 22, 2026 | $10.45 |
| Oct 23, 2026 | $10.40 |
| Oct 26, 2026 | $10.40 |
| Oct 27, 2026 | $10.60 |
Weekly net flows, 3M
Net outflow over the range: −$29M
- Inflow / above zero
- Outflow / below zero
Source: Daily creation and redemption records
Show as table
| Label | Value ($) |
|---|---|
| Jul 27 | −$3M |
| Aug 3 | −$5.3M |
| Aug 10 | −$4M |
| Aug 17 | $1.6M |
| Aug 24 | −$1.9M |
| Aug 31 | −$1.4M |
| Sep 7 | $600K |
| Sep 14 | $120K |
| Sep 21 | $480K |
| Sep 28 | $0 |
| Oct 5 | $0 |
| Oct 12 | −$12.9M |
| Oct 19 | −$3.2M |
| Oct 26 | $0 |
The desk’s read
Money is leaving — −$16M in net outflows over the past month, about 4.9% of the fund's asset base, while the price has returned -22.4% so far this year. At 2.02% a year it is not the cheapest way in — IEFA has a reported fee of 0.07%.
COMPOSED FROM THE FUND’S OWN DAILY RECORDS · UPDATED WITH EACH REFRESH
$328Massets under management
2.02%expense ratio · $202 per $10,000 a year
−$16Mnet flow, trailing month
1Mavg daily volume, 30 days
41holdings · US-domiciled
2010listed December 2, 2010 · beta 0.65
The book at a glance
CELL SIZE IS PORTFOLIO WEIGHT · COLOR IS THE CHANGE IN THE LATEST AVAILABLE SNAPSHOT · TOP 40 POSITIONS
Holdings
| # | Holding | Weight | Price | Day | 52-wk | |
|---|---|---|---|---|---|---|
| 1 | IVRINVESCO MORTGAGE CAPITAL | 4.39% | $5.52 | -0.2% | ||
| 2 | ORCORCHID ISLAND CAPITAL | 4.11% | $5.07 | +0.6% | ||
| 3 | ARRARMOUR RESIDENTIAL REIT | 4.09% | $12.65 | -0.2% | ||
| 4 | DXDYNEX CAPITAL | 3.95% | $10.92 | +0.3% | ||
| 5 | PMTPENNYMAC MORTGAGE INVESTMENT TRUST | 3.77% | $7.26 | +2.8% | ||
| 6 | MFAMFA FINANCIAL | 3.78% | $6.73 | +1.4% | ||
| 7 | AGNCAGNC INVESTMENT | 3.24% | $8.87 | +1.0% | ||
| 8 | WUWESTERN UNION | 3.35% | $5.99 | -3.5% | ||
| 9 | RWTREDWOOD TRUST | 3.21% | $3.24 | +0.3% | ||
| 10 | NLYANNALY CAPITAL MANAGEMENT | 3.21% | $18.34 | +0.4% | ||
| 11 | ADAMAdamas Trust | 3.05% | $7.86 | +0.8% | ||
| 12 | ABRARBOR REALTY TRUST | 2.30% | $2.88 | -0.3% | ||
| 13 | FBRTFRANKLIN BSP REALTY TRUST | 2.18% | $6.41 | +1.7% | ||
| 14 | APAMARTISAN PARTNERS ASSET MANAGEMENT | 1.84% | $33.20 | -0.4% | ||
| 15 | WASHWASHINGTON TRUST BANCORP | 1.82% | $39.12 | -0.1% |
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- Finance97.39%
- Financials55.11%
- Financial Services54.29%
- Real Estate45.71%
- Mutual fund2.62%
Source: Portfolio composition, latest disclosure
Show as table
| Item | Value (%) |
|---|---|
| Finance | 97.39% |
| Financials | 55.11% |
| Financial Services | 54.29% |
| Real Estate | 45.71% |
| Mutual fund | 2.62% |
Country weights
- United States100%
- Cayman Islands1.82%
- United Kingdom1.27%
- Bermuda1.25%
Source: Portfolio composition, latest disclosure
Show as table
| Item | Value (%) |
|---|---|
| United States | 100% |
| Cayman Islands | 1.82% |
| United Kingdom | 1.27% |
| Bermuda | 1.25% |
Performance
| 1 week | +3.8% |
| 1 month | -6.4% |
| 3 months | -12.4% |
| 6 months | -18.7% |
| YTD | -22.4% |
| 1 year | -22.6% |
| 3 years | — |
PRICE RETURN, DISTRIBUTIONS NOT REINVESTED
Net flows
| 1 week | −$3M |
| 1 month | −$16M |
| 3 months | −$29M |
| YTD | +$15M |
| 1 year | +$15M |
CREATION/REDEMPTION DOLLARS, DAILY RECORDS
Monthly net flows
- Inflow / above zero
- Outflow / below zero
Source: Daily creation/redemption records, trailing twelve months
Show as table
| Label | Value ($) |
|---|---|
| Aug | $3.8M |
| Sep | $6.4M |
| Oct | $0 |
| Feb | $36.6M |
| Mar | $1.2M |
| Apr | $260K |
| May | $6.1M |
| Jun | $1M |
| Jul | −$3.7M |
| Aug | −$9.7M |
| Sep | −$240K |
| Oct | −$16.1M |
The risk read
24%realized volatility, 30 days (annualized)
18%realized volatility, 1 year
-31.5%deepest fall from a peak, 1 year
-27.9%latest close versus that peak
The top holding is 4.4% of the book; the top ten carry 38%. Spread across 37+ names, it behaves like roughly 33 equally-weighted positions.
VOLATILITY & DRAWDOWN FROM THE DAILY TAPE · CONCENTRATION FROM THE LATEST DISCLOSED BOOK
Options tape
—calls · latest snapshot
—puts · latest snapshot
—put/call ratio
913Kshares traded
| Most-traded holdings, options premium | Bullish | Bearish |
|---|---|---|
| PRU PRUDENTIAL FINANCIAL | $328,968 | $2M |
| WU WESTERN UNION | $430,140 | $50,666 |
| NLY ANNALY CAPITAL MANAGEMENT | $92,655 | $204,532 |
| AGNC AGNC INVESTMENT | $119,621 | $98,652 |
| LNC LINCOLN NATIONAL | $40,818 | $122,494 |
TODAY’S OPTIONS PREMIUM IN THE FUND’S UNDERLYING NAMES
The case against KBWD
Due diligence cuts both ways. These funds sit on the same shelf and beat KBWD on at least one dimension that matters — the fee, the asset base, or where the money is going.
| Fund | Fee | Assets | Flow, 1M | The case | |
|---|---|---|---|---|---|
| SPDW SPDR Portfolio Developed World ex-US ETF | 0.03% | $40.7B | +$609M | -199bp on fee · 124× the assets · +$609M in over the month | Head-to-head |
| SPMD State Street SPDR Portfolio S&P 400 Mid Cap ETF | 0.03% | $18.4B | +$199M | -199bp on fee · 56× the assets · +$199M in over the month | Head-to-head |
| IDEV iShares Core MSCI International Developed Markets ETF | 0.04% | $32.4B | +$497M | -198bp on fee · 99× the assets · +$497M in over the month | Head-to-head |
| IGSB iShares 1-5 Year Investment Grade Corporate Bond ETF | 0.04% | $23.7B | +$47M | -198bp on fee · 72× the assets · +$47M in over the month | Head-to-head |
| IGIB iShares 5-10 Year Investment Grade Corporate Bond ETF | 0.04% | $18.6B | +$412M | -198bp on fee · 57× the assets · +$412M in over the month | Head-to-head |