- ISIN
- US73936Q8197
- CUSIP
- 73936Q819
- Issuer
- Invesco
- Inception Date
- Dec 2, 2010
- Region
- North America (U.S.)
- Leveraged
- 1x (No leverage)
- Index Tracked
- KBW Nasdaq Premium Yield Equity REIT Index
- Domicile
- United States
- Distribution Policy
- Distributing
- Asset Class
- Real Estate
- Asset Class Size
- Micro-Cap
- Asset Class Style
- Blend
- Assets Under Management
- $301M
Share Price Chart
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Performance
KBWY Performance Chart
Invesco KBW Premium Yield Equity REIT ETF (KBWY) is up 21.1% since the beginning of the year. KBWY is currently trading at $18 per share. Investors who bought $1,000 worth of KBWY shares 5 years ago would now be looking at an investment worth $1,153.
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Returns By Period
Invesco KBW Premium Yield Equity REIT ETF (KBWY) has returned 21.05% so far this year and 24.91% over the past 12 months. Over the last ten years, KBWY has returned 1.34% per year, falling short of the S&P 500 Index benchmark, which averaged 13.88% annually.
Invesco KBW Premium Yield Equity REIT ETF
- 1D
- 0.06%
- 1M
- 3.43%
- YTD
- 21.05%
- 6M
- 22.09%
- 1Y
- 24.91%
- 3Y*
- 11.51%
- 5Y*
- 2.89%
- 10Y*
- 1.34%
Benchmark (S&P 500 Index)
- 1D
- -0.37%
- 1M
- -0.01%
- YTD
- 9.16%
- 6M
- 8.64%
- 1Y
- 25.22%
- 3Y*
- 19.78%
- 5Y*
- 11.99%
- 10Y*
- 13.88%
KBWY Monthly Returns History
Based on dividend-adjusted daily data since Dec 2, 2010, KBWY's average daily return is +0.03%, while the average monthly return is +0.62%. At this rate, an investment would double in approximately 9.3 years.
Historically, 56% of months were positive and 44% were negative. The best month was Nov 2020 with a return of +22.8%, while the worst month was Mar 2020 at -38.0%. The longest winning streak lasted 11 consecutive months, and the longest losing streak was 5 months.
On a daily basis, KBWY closed higher 52% of trading days. The best single day was Nov 9, 2020 with a return of +12.1%, while the worst single day was Mar 18, 2020 at -18.4%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 4.27% | 3.36% | -5.95% | 10.31% | 5.20% | 2.91% | 21.05% | ||||||
| 2025 | -1.03% | 1.03% | -4.72% | -6.61% | 1.25% | 2.10% | -2.02% | 7.74% | -1.63% | -5.00% | 4.91% | -0.52% | -5.30% |
| 2024 | -9.87% | -3.39% | 5.01% | -2.91% | 2.18% | 1.84% | 12.71% | 2.95% | 4.01% | -4.87% | 0.96% | -9.87% | -3.49% |
| 2023 | 14.20% | -6.29% | -10.07% | -5.57% | -0.91% | 7.09% | 9.46% | -1.34% | -8.22% | -4.82% | 11.59% | 11.18% | 12.88% |
| 2022 | -4.11% | -1.25% | 6.14% | -9.56% | 3.22% | -5.66% | 8.36% | -6.65% | -13.59% | 8.69% | 3.85% | -7.24% | -19.00% |
| 2021 | -1.04% | 5.62% | 5.32% | 3.23% | -0.09% | 1.42% | 4.55% | -0.17% | -2.85% | 3.89% | -3.19% | 11.74% | 31.22% |
Benchmark Metrics
Invesco KBW Premium Yield Equity REIT ETF has an annualized alpha of -3.94%, beta of 0.90, and R2 of 0.41 versus S&P 500 Index. Calculated based on daily prices since December 02, 2010.
- This ETF participated in 121.90% of S&P 500 Index downside but only 86.84% of its upside - more exposed to losses than it benefited from rallies.
- R2 of 0.41 means the benchmark explains less than half of this ETF's behavior - treat beta with caution or consider switching to a more representative benchmark.
- Alpha
- -3.94%
- Beta
- 0.90
- R²
- 0.41
- Upside Capture
- 86.84%
- Downside Capture
- 121.90%
Expense Ratio
KBWY has an expense ratio of 0.35%, placing it in the medium range.
Return for Risk
Risk / Return Rank
KBWY ranks 45 for risk / return — on par with similar ETFs. You're getting a typical balance of risk and reward. Not a standout, but not a red flag either — a reasonable choice if other factors align with your goals.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for Invesco KBW Premium Yield Equity REIT ETF (KBWY) and compare them to S&P 500 Index.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| KBWY | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.54 | ||
| Sortino ratioReturn per unit of downside risk | -0.60 | ||
| Omega ratioGain probability vs. loss probability | 1.25 | 1.37 | -0.12 |
| Calmar ratioReturn relative to maximum drawdown | 2.71 | 2.78 | -0.08 |
| Martin ratioReturn relative to average drawdown | 6.43 | 12.44 | -6.01 |
Dividends
Dividend History
Invesco KBW Premium Yield Equity REIT ETF provided a 9.09% dividend yield over the last twelve months, with an annual payout of $1.62 per share.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $1.62 | $1.51 | $1.56 | $1.59 | $1.44 | $1.30 | $2.14 | $1.93 | $2.33 | $2.57 | $2.46 | $1.74 |
Dividend yield | 9.09% | 9.79% | 8.74% | 7.90% | 7.41% | 5.05% | 10.35% | 6.19% | 8.64% | 7.25% | 6.55% | 5.72% |
Monthly Dividends
The table displays the monthly dividend distributions for Invesco KBW Premium Yield Equity REIT ETF. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.13 | $0.13 | $0.12 | $0.13 | $0.12 | $0.12 | $0.74 | ||||||
| 2025 | $0.13 | $0.13 | $0.13 | $0.13 | $0.13 | $0.13 | $0.13 | $0.13 | $0.13 | $0.13 | $0.13 | $0.13 | $1.51 |
| 2024 | $0.13 | $0.13 | $0.13 | $0.13 | $0.13 | $0.13 | $0.13 | $0.13 | $0.13 | $0.13 | $0.13 | $0.13 | $1.56 |
| 2023 | $0.13 | $0.14 | $0.14 | $0.15 | $0.15 | $0.14 | $0.12 | $0.12 | $0.13 | $0.13 | $0.13 | $0.13 | $1.59 |
| 2022 | $0.10 | $0.11 | $0.11 | $0.11 | $0.11 | $0.13 | $0.14 | $0.14 | $0.12 | $0.13 | $0.12 | $0.12 | $1.44 |
| 2021 | $0.13 | $0.12 | $0.12 | $0.11 | $0.11 | $0.10 | $0.10 | $0.10 | $0.10 | $0.10 | $0.10 | $0.10 | $1.30 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
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Worst Drawdowns
The table below displays the maximum drawdowns of the Invesco KBW Premium Yield Equity REIT ETF. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the Invesco KBW Premium Yield Equity REIT ETF was 57.68%, occurring on Mar 18, 2020. The portfolio has not yet recovered.
The current Invesco KBW Premium Yield Equity REIT ETF drawdown is 7.79%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
COVID crash2020 | -57.68%Mar 2020 | 1y 8mo | — | 7y 11moJul 2018 - now |
2016 bear market2016 | -25.64%Feb 2016 | 1y 12d | 4mo 19d | 1y 5moJan 2015 - Jun 2016 |
2011 bear market2011 | -25.30%Oct 2011 | 5mo 8d | 6mo 26d | 12mo 4dApr 2011 - Apr 2012 |
2013 correction2013 | -19.31%Aug 2013 | 2mo 29d | 1y 2mo | 1y 5moMay 2013 - Oct 2014 |
2018 correction2018 | -18.76%Mar 2018 | 5mo 5d | 3mo 14d | 8mo 19dOct 2017 - Jul 2018 |
Drawdown Indicators
| KBWY | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -57.68% | -56.78% | -0.90% |
Max Drawdown (1Y)Largest decline over 1 year | -9.24% | -9.10% | -0.14% |
Max Drawdown (3Y)Largest decline over 3 years | -29.93% | -18.90% | -11.03% |
Max Drawdown (5Y)Largest decline over 5 years | -32.29% | -25.43% | -6.86% |
Max Drawdown (10Y)Largest decline over 10 years | -57.68% | -33.92% | -23.76% |
Current DrawdownCurrent decline from peak | -7.79% | -1.80% | -5.99% |
Average DrawdownAverage peak-to-trough decline | -14.15% | -10.71% | -3.44% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.88% | 2.03% | +1.85% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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