JPRE vs. KBWY
JPRE (JPMorgan Realty Income ETF) and KBWY (Invesco KBW Premium Yield Equity REIT ETF) are both REIT funds. JPRE is actively managed, while KBWY is passively managed. Over the past 3 years, JPRE returned 10.46%/yr vs 10.27%/yr for KBWY. Their correlation of 0.81 suggests significant overlap in exposure. JPRE charges 0.50%/yr vs 0.35%/yr for KBWY.
Performance
JPRE vs. KBWY - Performance Comparison
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Returns By Period
In the year-to-date period, JPRE achieves a 11.12% return, which is significantly lower than KBWY's 19.61% return.
JPRE
- 1D
- 1.91%
- 1M
- 0.43%
- YTD
- 11.12%
- 6M
- 10.73%
- 1Y
- 10.96%
- 3Y*
- 10.46%
- 5Y*
- —
- 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%
JPRE vs. KBWY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
JPRE JPMorgan Realty Income ETF | 11.12% | 1.36% | 7.43% | 13.41% | -9.96% |
KBWY Invesco KBW Premium Yield Equity REIT ETF | 19.61% | -5.30% | -3.49% | 12.88% | -9.84% |
Correlation
The correlation between JPRE and KBWY is 0.73, 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 | 0.73 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.79 |
Correlation (All Time) Calculated using the full available price history since May 24, 2022 | 0.81 |
The correlation between JPRE and KBWY has been stable across timeframes, ranging from 0.73 to 0.81 - a consistent structural relationship.
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Return for Risk
JPRE vs. KBWY — Risk / Return Rank
JPRE
KBWY
JPRE vs. KBWY - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for JPMorgan Realty Income ETF (JPRE) 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.
| JPRE | KBWY | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.72 | ||
| Sortino ratioReturn per unit of downside risk | -1.05 | ||
| Omega ratioGain probability vs. loss probability | 1.15 | 1.26 | -0.11 |
| Calmar ratioReturn relative to maximum drawdown | 1.43 | 2.79 | -1.36 |
| Martin ratioReturn relative to average drawdown | 3.93 | 6.63 | -2.70 |
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
| JPRE | KBWY | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.84 | 1.56 | -0.72 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.12 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.05 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.30 | 0.20 | +0.09 |
Drawdowns
JPRE vs. KBWY - Drawdown Comparison
The maximum JPRE drawdown since its inception was -23.84%, smaller than the maximum KBWY drawdown of -57.68%. Use the drawdown chart below to compare losses from any high point for JPRE and KBWY.
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Drawdown Indicators
| JPRE | KBWY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -23.84% | -57.68% | +33.84% |
Max Drawdown (1Y)Largest decline over 1 year | -7.70% | -9.24% | +1.54% |
Max Drawdown (3Y)Largest decline over 3 years | -16.27% | -29.93% | +13.66% |
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 | -1.73% | -8.88% | +7.15% |
Average DrawdownAverage peak-to-trough decline | -8.16% | -14.18% | +6.02% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.79% | 3.88% | -1.09% |
Volatility
JPRE vs. KBWY - Volatility Comparison
JPMorgan Realty Income ETF (JPRE) and Invesco KBW Premium Yield Equity REIT ETF (KBWY) have volatilities of 4.33% and 4.49%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| JPRE | KBWY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.33% | 4.49% | -0.16% |
Volatility (6M)Calculated over the trailing 6-month period | 9.59% | 11.79% | -2.20% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.11% | 16.56% | -3.45% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.29% | 21.63% | -3.34% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.29% | 27.05% | -8.76% |
JPRE vs. KBWY - Expense Ratio Comparison
JPRE has a 0.50% expense ratio, which is higher than KBWY's 0.35% expense ratio.
Dividends
JPRE vs. KBWY - Dividend Comparison
JPRE's dividend yield for the trailing twelve months is around 2.25%, less than KBWY's 8.46% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
JPRE JPMorgan Realty Income ETF | 2.25% | 2.62% | 2.21% | 3.26% | 10.60% | 0.00% | 0.00% | 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
JPRE and KBWY have a correlation of 0.73, 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 JPRE (4.33%). In terms of maximum drawdown, JPRE dropped -23.84% vs KBWY's -57.68%.
On 3-year performance, JPRE leads with 10.46% vs 10.27% for KBWY. On fees, KBWY is cheaper at 0.35% per year. On volatility, JPRE has been the lower-risk option at 4.33%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, JPRE has performed better with a 10.46% return vs 10.27%. 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 0.50% for JPRE.
KBWY has the higher dividend yield at 8.46%, compared with 2.25% for JPRE.
They also come from different issuers: JPMorgan and Invesco. Their fees differ too: 0.50% for JPRE and 0.35% for KBWY.
KBWY currently has the higher Sharpe Ratio (1.56 vs 0.84), 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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