KBWY vs. HAUZ
KBWY (Invesco KBW Premium Yield Equity REIT ETF) and HAUZ (Xtrackers International Real Estate ETF) are both REIT funds - KBWY tracks the KBW Nasdaq Premium Yield Equity REIT Index while HAUZ tracks the iSTOXX Developed and Emerging Markets ex USA PK VN Real Estate Index. Both are passively managed. Over the past 10 years, KBWY returned 1.46%/yr vs 3.55%/yr for HAUZ. At a 0.45 correlation, their price movements are largely independent. KBWY charges 0.35%/yr vs 0.10%/yr for HAUZ.
Performance
KBWY vs. HAUZ - Performance Comparison
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Returns By Period
In the year-to-date period, KBWY achieves a 22.56% return, which is significantly higher than HAUZ's -4.40% return. Over the past 10 years, KBWY has underperformed HAUZ with an annualized return of 1.46%, while HAUZ has yielded a comparatively higher 3.55% annualized return.
KBWY
- 1D
- 1.25%
- 1M
- 4.73%
- YTD
- 22.56%
- 6M
- 24.93%
- 1Y
- 25.07%
- 3Y*
- 11.98%
- 5Y*
- 3.00%
- 10Y*
- 1.46%
HAUZ
- 1D
- -1.04%
- 1M
- -4.05%
- YTD
- -4.40%
- 6M
- -4.49%
- 1Y
- 1.08%
- 3Y*
- 7.77%
- 5Y*
- -1.89%
- 10Y*
- 3.55%
KBWY vs. HAUZ - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
KBWY Invesco KBW Premium Yield Equity REIT ETF | 22.56% | -5.30% | -3.49% | 12.88% | -19.00% | 31.22% | -25.83% | 23.36% | -18.20% | 0.81% |
HAUZ Xtrackers International Real Estate ETF | -4.40% | 22.70% | -5.44% | 6.29% | -22.24% | 9.82% | -6.23% | 20.89% | -9.12% | 27.52% |
Correlation
The correlation between KBWY and HAUZ is 0.52, 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 | 0.52 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.61 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.61 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.49 |
Correlation (All Time) Calculated using the full available price history since Oct 1, 2013 | 0.45 |
The correlation between KBWY and HAUZ shifts across timeframes, from 0.45 (all time) to 0.61 (3 years), reflecting how their relationship changes across market environments.
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Return for Risk
KBWY vs. HAUZ — Risk / Return Rank
KBWY
HAUZ
KBWY vs. HAUZ - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco KBW Premium Yield Equity REIT ETF (KBWY) and Xtrackers International Real Estate ETF (HAUZ). 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.
| KBWY | HAUZ | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.43 | ||
| Sortino ratioReturn per unit of downside risk | +1.96 | ||
| Omega ratioGain probability vs. loss probability | 1.25 | 1.02 | +0.23 |
| Calmar ratioReturn relative to maximum drawdown | 2.72 | 0.08 | +2.65 |
| Martin ratioReturn relative to average drawdown | 6.48 | 0.20 | +6.28 |
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Drawdowns
KBWY vs. HAUZ - Drawdown Comparison
The maximum KBWY drawdown since its inception was -57.68%, which is greater than HAUZ's maximum drawdown of -39.51%. Use the drawdown chart below to compare losses from any high point for KBWY and HAUZ.
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Drawdown Indicators
| KBWY | HAUZ | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -57.68% | -39.51% | -18.17% |
Max Drawdown (1Y)Largest decline over 1 year | -9.24% | -14.08% | +4.84% |
Max Drawdown (3Y)Largest decline over 3 years | -29.93% | -17.88% | -12.05% |
Max Drawdown (5Y)Largest decline over 5 years | -32.29% | -34.14% | +1.85% |
Max Drawdown (10Y)Largest decline over 10 years | -57.68% | -39.51% | -18.17% |
Current DrawdownCurrent decline from peak | -6.64% | -13.33% | +6.69% |
Average DrawdownAverage peak-to-trough decline | -14.15% | -11.75% | -2.40% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.88% | 5.35% | -1.47% |
Volatility
KBWY vs. HAUZ - Volatility Comparison
Invesco KBW Premium Yield Equity REIT ETF (KBWY) has a higher volatility of 4.85% compared to Xtrackers International Real Estate ETF (HAUZ) at 4.07%. This indicates that KBWY's price experiences larger fluctuations and is considered to be riskier than HAUZ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| KBWY | HAUZ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.85% | 4.07% | +0.78% |
Volatility (6M)Calculated over the trailing 6-month period | 12.16% | 11.80% | +0.36% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.79% | 14.08% | +2.71% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.61% | 15.97% | +5.64% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 27.08% | 16.95% | +10.13% |
KBWY vs. HAUZ - Expense Ratio Comparison
KBWY has a 0.35% expense ratio, which is higher than HAUZ's 0.10% expense ratio.
Dividends
KBWY vs. HAUZ - Dividend Comparison
KBWY's dividend yield for the trailing twelve months is around 8.28%, more than HAUZ's 3.72% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
HAUZ Xtrackers International Real Estate ETF | 3.72% | 4.46% | 4.50% | 3.50% | 1.99% | 4.84% | 3.37% | 3.69% | 1.93% | 2.59% | 2.18% | 9.42% |
KBWY Invesco KBW Premium Yield Equity REIT ETF | 8.28% | 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
KBWY and HAUZ have a correlation of 0.52, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
KBWY has higher volatility (4.85%) compared to HAUZ (4.07%). In terms of maximum drawdown, KBWY dropped -57.68% vs HAUZ's -39.51%.
On 10-year performance, HAUZ leads with 3.55% vs 1.46% for KBWY. On fees, HAUZ is cheaper at 0.10% per year. On volatility, HAUZ has been the lower-risk option at 4.07%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 10-year period, HAUZ has performed better with a 3.55% return vs 1.46%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
HAUZ is cheaper with a 0.10% expense ratio, compared with 0.35% for KBWY.
KBWY has the higher dividend yield at 8.28%, compared with 3.72% for HAUZ.
KBWY tracks KBW Nasdaq Premium Yield Equity REIT Index, while HAUZ tracks iSTOXX Developed and Emerging Markets ex USA PK VN Real Estate Index. They also come from different issuers: Invesco and DWS. Their fees differ too: 0.35% for KBWY and 0.10% for HAUZ.
KBWY currently has the higher Sharpe Ratio (1.50 vs 0.08), 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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