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KBWD vs. RIET
Performance
Return for Risk
Drawdowns
Volatility
Dividends

Performance

KBWD vs. RIET - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Invesco KBW High Dividend Yield Financial ETF (KBWD) and Hoya Capital High Dividend Yield ETF (RIET). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, KBWD achieves a -6.32% return, which is significantly lower than RIET's 7.32% return.


KBWD

1D
-1.41%
1M
-2.29%
YTD
-6.32%
6M
-7.30%
1Y
1.04%
3Y*
5.06%
5Y*
0.44%
10Y*
4.94%

RIET

1D
-0.24%
1M
-0.06%
YTD
7.32%
6M
7.05%
1Y
12.20%
3Y*
9.14%
5Y*
10Y*
*Multi-year figures are annualized to reflect compound growth (CAGR)

KBWD vs. RIET - Yearly Performance Comparison


2026 (YTD)20252024202320222021
KBWD
Invesco KBW High Dividend Yield Financial ETF
-6.32%5.59%4.30%20.21%-19.14%3.19%
RIET
Hoya Capital High Dividend Yield ETF
7.32%2.43%1.18%13.04%-25.29%5.14%

Correlation

The correlation between KBWD and RIET is 0.79, 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

0.79

Correlation (3Y)
Calculated over the trailing 3-year period

0.84

Correlation (All Time)
Calculated using the full available price history since Sep 22, 2021

0.86

The correlation between KBWD and RIET has been stable across timeframes, ranging from 0.79 to 0.86 - a consistent structural relationship.

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Return for Risk

KBWD vs. RIET — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

KBWD
KBWD Risk / Return Rank: 99
Overall Rank
KBWD Sharpe Ratio Rank: 99
Sharpe Ratio Rank
KBWD Sortino Ratio Rank: 99
Sortino Ratio Rank
KBWD Omega Ratio Rank: 99
Omega Ratio Rank
KBWD Calmar Ratio Rank: 99
Calmar Ratio Rank
KBWD Martin Ratio Rank: 99
Martin Ratio Rank

RIET
RIET Risk / Return Rank: 2626
Overall Rank
RIET Sharpe Ratio Rank: 2626
Sharpe Ratio Rank
RIET Sortino Ratio Rank: 2525
Sortino Ratio Rank
RIET Omega Ratio Rank: 2323
Omega Ratio Rank
RIET Calmar Ratio Rank: 2929
Calmar Ratio Rank
RIET Martin Ratio Rank: 2828
Martin Ratio Rank
The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

KBWD vs. RIET - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco KBW High Dividend Yield Financial ETF (KBWD) and Hoya Capital High Dividend Yield ETF (RIET). 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.

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.


KBWDRIETDifference
Sharpe ratioReturn per unit of total volatility

-0.86

Sortino ratioReturn per unit of downside risk

-1.15

Omega ratioGain probability vs. loss probability

1.02

1.16

-0.14

Calmar ratioReturn relative to maximum drawdown

0.07

1.40

-1.33

Martin ratioReturn relative to average drawdown

0.17

3.64

-3.47

KBWD vs. RIET - Sharpe Ratio Comparison

The current KBWD Sharpe Ratio is 0.07, which is lower than the RIET Sharpe Ratio of 0.92. The chart below compares the historical Sharpe Ratios of KBWD and RIET, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.


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Drawdowns

KBWD vs. RIET - Drawdown Comparison

The maximum KBWD drawdown since its inception was -58.63%, which is greater than RIET's maximum drawdown of -34.61%. Use the drawdown chart below to compare losses from any high point for KBWD and RIET.


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Drawdown Indicators


KBWDRIETDifference

Max Drawdown

Largest peak-to-trough decline

-58.63%

-34.61%

-24.02%

Max Drawdown (1Y)

Largest decline over 1 year

-15.05%

-8.76%

-6.29%

Max Drawdown (3Y)

Largest decline over 3 years

-19.65%

-18.38%

-1.27%

Max Drawdown (5Y)

Largest decline over 5 years

-30.74%

Max Drawdown (10Y)

Largest decline over 10 years

-58.63%

Current Drawdown

Current decline from peak

-12.97%

-7.49%

-5.48%

Average Drawdown

Average peak-to-trough decline

-7.42%

-16.31%

+8.89%

Ulcer Index

Depth and duration of drawdowns from previous peaks

6.31%

3.36%

+2.95%

Volatility

KBWD vs. RIET - Volatility Comparison

Invesco KBW High Dividend Yield Financial ETF (KBWD) has a higher volatility of 4.90% compared to Hoya Capital High Dividend Yield ETF (RIET) at 3.86%. This indicates that KBWD's price experiences larger fluctuations and is considered to be riskier than RIET based on this measure. The chart below showcases a comparison of their rolling one-month volatility.


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Volatility by Period


KBWDRIETDifference

Volatility (1M)

Calculated over the trailing 1-month period

4.90%

3.86%

+1.04%

Volatility (6M)

Calculated over the trailing 6-month period

12.55%

9.45%

+3.10%

Volatility (1Y)

Calculated over the trailing 1-year period

15.68%

13.29%

+2.39%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

19.84%

18.95%

+0.89%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

23.27%

18.95%

+4.32%

KBWD vs. RIET - Expense Ratio Comparison

KBWD has a 5.39% expense ratio, which is higher than RIET's 0.50% expense ratio.


Dividends

KBWD vs. RIET - Dividend Comparison

KBWD's dividend yield for the trailing twelve months is around 15.85%, more than RIET's 10.86% yield.


PositionTTM20252024202320222021202020192018201720162015
KBWD
Invesco KBW High Dividend Yield Financial ETF
15.85%12.83%12.45%11.45%11.32%7.26%9.68%8.63%9.47%8.77%8.68%8.89%
RIET
Hoya Capital High Dividend Yield ETF
10.86%11.04%10.17%9.33%9.33%1.99%0.00%0.00%0.00%0.00%0.00%0.00%

Frequently Asked Questions


KBWD and RIET have a correlation of 0.79, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

KBWD has higher volatility (4.90%) compared to RIET (3.86%). In terms of maximum drawdown, KBWD dropped -58.63% vs RIET's -34.61%.

On 3-year performance, RIET leads with 9.14% vs 5.06% for KBWD. On fees, RIET is cheaper at 0.50% per year. On volatility, RIET has been the lower-risk option at 3.86%. The better choice depends on whether you care most about return, fees, risk, or income.

Over the 3-year period, RIET has performed better with a 9.14% return vs 5.06%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

RIET is cheaper with a 0.50% expense ratio, compared with 5.39% for KBWD.

KBWD has the higher dividend yield at 15.85%, compared with 10.86% for RIET.

KBWD is categorized as Financials Equities, while RIET is REIT. KBWD tracks KBW Nasdaq Financial Sector Dividend Yield Index, while RIET tracks Hoya Capital High Dividend Yield Index. They also come from different issuers: Invesco and Pettee Investors. Their fees differ too: 5.39% for KBWD and 0.50% for RIET.

RIET currently has the higher Sharpe Ratio (0.92 vs 0.07), 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.

Portfolio Optimizer

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