BLDG vs. KBWY
BLDG (Cambria Global Real Estate ETF) and KBWY (Invesco KBW Premium Yield Equity REIT ETF) are both REIT funds. BLDG is actively managed, while KBWY is passively managed. Over the past 5 years, BLDG returned 2.24%/yr vs 2.59%/yr for KBWY. Their correlation of 0.86 suggests significant overlap in exposure. BLDG charges 0.59%/yr vs 0.35%/yr for KBWY.
Performance
BLDG vs. KBWY - Performance Comparison
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Returns By Period
In the year-to-date period, BLDG achieves a 5.95% return, which is significantly lower than KBWY's 19.61% return.
BLDG
- 1D
- -0.93%
- 1M
- 0.12%
- YTD
- 5.95%
- 6M
- 5.25%
- 1Y
- 10.27%
- 3Y*
- 8.73%
- 5Y*
- 2.24%
- 10Y*
- —
KBWY
- 1D
- 2.17%
- 1M
- 5.12%
- YTD
- 19.61%
- 6M
- 21.19%
- 1Y
- 25.66%
- 3Y*
- 10.27%
- 5Y*
- 2.59%
- 10Y*
- 1.43%
BLDG vs. KBWY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
BLDG Cambria Global Real Estate ETF | 5.95% | 4.26% | 8.18% | 1.76% | -14.66% | 22.47% | 15.37% |
KBWY Invesco KBW Premium Yield Equity REIT ETF | 19.61% | -5.30% | -3.49% | 12.88% | -19.00% | 31.22% | 25.98% |
Correlation
The correlation between BLDG and KBWY is 0.81, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.81 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.84 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.86 |
Correlation (All Time) Calculated using the full available price history since Sep 25, 2020 | 0.86 |
The correlation between BLDG and KBWY has been stable across timeframes, ranging from 0.81 to 0.86 - a consistent structural relationship.
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Return for Risk
BLDG vs. KBWY — Risk / Return Rank
BLDG
KBWY
BLDG vs. KBWY - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Cambria Global Real Estate ETF (BLDG) and Invesco KBW Premium Yield Equity REIT ETF (KBWY). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
| BLDG | KBWY | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.62 | ||
| Sortino ratioReturn per unit of downside risk | -0.89 | ||
| Omega ratioGain probability vs. loss probability | 1.16 | 1.26 | -0.10 |
| Calmar ratioReturn relative to maximum drawdown | 1.02 | 2.79 | -1.77 |
| Martin ratioReturn relative to average drawdown | 3.60 | 6.63 | -3.03 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| BLDG | KBWY | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.93 | 1.56 | -0.62 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.15 | 0.12 | +0.03 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.05 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.45 | 0.20 | +0.25 |
Drawdowns
BLDG vs. KBWY - Drawdown Comparison
The maximum BLDG drawdown since its inception was -27.25%, smaller than the maximum KBWY drawdown of -57.68%. Use the drawdown chart below to compare losses from any high point for BLDG and KBWY.
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Drawdown Indicators
| BLDG | KBWY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -27.25% | -57.68% | +30.43% |
Max Drawdown (1Y)Largest decline over 1 year | -10.08% | -9.24% | -0.84% |
Max Drawdown (3Y)Largest decline over 3 years | -18.57% | -29.93% | +11.36% |
Max Drawdown (5Y)Largest decline over 5 years | -27.25% | -32.29% | +5.04% |
Max Drawdown (10Y)Largest decline over 10 years | — | -57.68% | — |
Current DrawdownCurrent decline from peak | -2.76% | -8.88% | +6.12% |
Average DrawdownAverage peak-to-trough decline | -9.23% | -14.18% | +4.95% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.86% | 3.88% | -1.02% |
Volatility
BLDG vs. KBWY - Volatility Comparison
The current volatility for Cambria Global Real Estate ETF (BLDG) is 3.60%, while Invesco KBW Premium Yield Equity REIT ETF (KBWY) has a volatility of 4.49%. This indicates that BLDG experiences smaller price fluctuations and is considered to be less risky than KBWY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BLDG | KBWY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.60% | 4.49% | -0.89% |
Volatility (6M)Calculated over the trailing 6-month period | 8.23% | 11.79% | -3.56% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.07% | 16.56% | -5.49% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.26% | 21.63% | -6.37% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.54% | 27.05% | -11.51% |
BLDG vs. KBWY - Expense Ratio Comparison
BLDG has a 0.59% expense ratio, which is higher than KBWY's 0.35% expense ratio.
Dividends
BLDG vs. KBWY - Dividend Comparison
BLDG's dividend yield for the trailing twelve months is around 5.72%, less than KBWY's 8.46% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BLDG Cambria Global Real Estate ETF | 5.72% | 7.46% | 7.97% | 4.99% | 3.99% | 10.40% | 0.59% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
KBWY Invesco KBW Premium Yield Equity REIT ETF | 8.46% | 9.79% | 8.74% | 7.90% | 7.41% | 5.05% | 10.35% | 6.19% | 8.64% | 7.25% | 6.55% | 5.72% |
Frequently Asked Questions
BLDG and KBWY have a correlation of 0.81, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
KBWY has higher volatility (4.49%) compared to BLDG (3.60%). In terms of maximum drawdown, BLDG dropped -27.25% vs KBWY's -57.68%.
On 5-year performance, KBWY leads with 2.59% vs 2.24% for BLDG. On fees, KBWY is cheaper at 0.35% per year. On volatility, BLDG has been the lower-risk option at 3.60%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, KBWY has performed better with a 2.59% return vs 2.24%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
KBWY is cheaper with a 0.35% expense ratio, compared with 0.59% for BLDG.
KBWY has the higher dividend yield at 8.46%, compared with 5.72% for BLDG.
They also come from different issuers: Cambria and Invesco. Their fees differ too: 0.59% for BLDG and 0.35% for KBWY.
KBWY currently has the higher Sharpe Ratio (1.56 vs 0.93), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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