KBWD vs. RIET
KBWD (Invesco KBW High Dividend Yield Financial ETF) and RIET (Hoya Capital High Dividend Yield ETF) are both exchange-traded funds - KBWD is a Financials Equities fund tracking the KBW Nasdaq Financial Sector Dividend Yield Index, while RIET is a REIT fund tracking the Hoya Capital High Dividend Yield Index. Both are passively managed. Over the past 3 years, KBWD returned 5.06%/yr vs 9.14%/yr for RIET. Their correlation of 0.86 suggests significant overlap in exposure. KBWD charges 5.39%/yr vs 0.50%/yr for RIET.
Performance
KBWD vs. RIET - Performance Comparison
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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*
- —
KBWD vs. RIET - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
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
KBWD
RIET
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.
| KBWD | RIET | Difference | |
|---|---|---|---|
| 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 |
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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
| KBWD | RIET | Difference | |
|---|---|---|---|
Max DrawdownLargest 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 DrawdownCurrent decline from peak | -12.97% | -7.49% | -5.48% |
Average DrawdownAverage peak-to-trough decline | -7.42% | -16.31% | +8.89% |
Ulcer IndexDepth 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
| KBWD | RIET | Difference | |
|---|---|---|---|
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.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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.
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