DFAR vs. KBWY
DFAR (Dimensional US Real Estate ETF) and KBWY (Invesco KBW Premium Yield Equity REIT ETF) are both REIT funds. DFAR is actively managed, while KBWY is passively managed. Over the past 3 years, DFAR returned 9.64%/yr vs 9.10%/yr for KBWY. Their correlation of 0.84 suggests significant overlap in exposure. DFAR charges 0.19%/yr vs 0.35%/yr for KBWY.
Performance
DFAR vs. KBWY - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, DFAR achieves a 11.46% return, which is significantly lower than KBWY's 17.06% return.
DFAR
- 1D
- -0.04%
- 1M
- -0.51%
- YTD
- 11.46%
- 6M
- 10.41%
- 1Y
- 11.45%
- 3Y*
- 9.64%
- 5Y*
- —
- 10Y*
- —
KBWY
- 1D
- -0.81%
- 1M
- 5.63%
- YTD
- 17.06%
- 6M
- 17.05%
- 1Y
- 22.51%
- 3Y*
- 9.10%
- 5Y*
- 2.15%
- 10Y*
- 1.18%
DFAR vs. KBWY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
DFAR Dimensional US Real Estate ETF | 11.46% | 1.31% | 5.25% | 11.04% | -14.30% |
KBWY Invesco KBW Premium Yield Equity REIT ETF | 17.06% | -5.30% | -3.49% | 12.88% | -13.68% |
Correlation
The correlation between DFAR and KBWY is 0.78, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.78 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.83 |
Correlation (All Time) Calculated using the full available price history since Feb 25, 2022 | 0.84 |
The correlation between DFAR and KBWY has been stable across timeframes, ranging from 0.78 to 0.84 - a consistent structural relationship.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
DFAR vs. KBWY — Risk / Return Rank
DFAR
KBWY
DFAR vs. KBWY - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Dimensional US Real Estate ETF (DFAR) 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.
| DFAR | KBWY | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.50 | ||
| Sortino ratioReturn per unit of downside risk | -0.75 | ||
| Omega ratioGain probability vs. loss probability | 1.16 | 1.23 | -0.07 |
| Calmar ratioReturn relative to maximum drawdown | 1.36 | 2.45 | -1.08 |
| Martin ratioReturn relative to average drawdown | 4.29 | 5.82 | -1.53 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading charts...
Sharpe Ratios by Period
| DFAR | KBWY | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.88 | 1.38 | -0.50 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.10 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.04 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.15 | 0.20 | -0.04 |
Drawdowns
DFAR vs. KBWY - Drawdown Comparison
The maximum DFAR drawdown since its inception was -32.27%, smaller than the maximum KBWY drawdown of -57.68%. Use the drawdown chart below to compare losses from any high point for DFAR and KBWY.
Loading charts...
Drawdown Indicators
| DFAR | KBWY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -32.27% | -57.68% | +25.41% |
Max Drawdown (1Y)Largest decline over 1 year | -8.43% | -9.24% | +0.81% |
Max Drawdown (3Y)Largest decline over 3 years | -17.64% | -29.93% | +12.29% |
Max Drawdown (5Y)Largest decline over 5 years | — | -32.29% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -57.68% | — |
Current DrawdownCurrent decline from peak | -3.01% | -10.82% | +7.81% |
Average DrawdownAverage peak-to-trough decline | -14.22% | -14.18% | -0.04% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.67% | 3.88% | -1.21% |
Volatility
DFAR vs. KBWY - Volatility Comparison
The current volatility for Dimensional US Real Estate ETF (DFAR) is 3.71%, while Invesco KBW Premium Yield Equity REIT ETF (KBWY) has a volatility of 4.73%. This indicates that DFAR 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.
Loading charts...
Volatility by Period
| DFAR | KBWY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.71% | 4.73% | -1.02% |
Volatility (6M)Calculated over the trailing 6-month period | 9.40% | 11.61% | -2.21% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.10% | 16.44% | -3.34% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.13% | 21.61% | -2.48% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.13% | 27.05% | -7.92% |
DFAR vs. KBWY - Expense Ratio Comparison
DFAR has a 0.19% expense ratio, which is lower than KBWY's 0.35% expense ratio.
Dividends
DFAR vs. KBWY - Dividend Comparison
DFAR's dividend yield for the trailing twelve months is around 2.77%, less than KBWY's 8.64% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DFAR Dimensional US Real Estate ETF | 2.77% | 2.97% | 2.89% | 3.06% | 1.69% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
KBWY Invesco KBW Premium Yield Equity REIT ETF | 8.64% | 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
DFAR and KBWY have a correlation of 0.78, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
KBWY has higher volatility (4.73%) compared to DFAR (3.71%). In terms of maximum drawdown, DFAR dropped -32.27% vs KBWY's -57.68%.
On 3-year performance, DFAR leads with 9.64% vs 9.10% for KBWY. On fees, DFAR is cheaper at 0.19% per year. On volatility, DFAR has been the lower-risk option at 3.71%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, DFAR has performed better with a 9.64% return vs 9.10%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
DFAR is cheaper with a 0.19% expense ratio, compared with 0.35% for KBWY.
KBWY has the higher dividend yield at 8.64%, compared with 2.77% for DFAR.
They also come from different issuers: Dimensional and Invesco. Their fees differ too: 0.19% for DFAR and 0.35% for KBWY.
KBWY currently has the higher Sharpe Ratio (1.38 vs 0.88), 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.
Find the right allocation for DFAR and KBWY
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer