KBWY vs. HTGC
Compare and contrast key facts about Invesco KBW Premium Yield Equity REIT ETF (KBWY) and Hercules Capital, Inc. (HTGC).
KBWY is a passively managed fund by Invesco that tracks the performance of the KBW Premium Yield Equity REIT Index. It was launched on Dec 2, 2010.
Performance
KBWY vs. HTGC - Performance Comparison
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KBWY vs. HTGC - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
KBWY Invesco KBW Premium Yield Equity REIT ETF | 1.36% | -5.30% | -3.49% | 12.88% | -19.00% | 31.22% | -25.83% | 23.36% | -18.20% | 0.81% |
HTGC Hercules Capital, Inc. | -18.99% | 3.54% | 33.33% | 42.91% | -10.42% | 26.50% | 14.49% | 39.86% | -6.86% | 1.86% |
Returns By Period
In the year-to-date period, KBWY achieves a 1.36% return, which is significantly higher than HTGC's -18.99% return. Over the past 10 years, KBWY has underperformed HTGC with an annualized return of 0.27%, while HTGC has yielded a comparatively higher 12.98% annualized return.
KBWY
- 1D
- 1.46%
- 1M
- -5.95%
- YTD
- 1.36%
- 6M
- 0.50%
- 1Y
- 0.75%
- 3Y*
- 2.80%
- 5Y*
- -0.24%
- 10Y*
- 0.27%
HTGC
- 1D
- 4.01%
- 1M
- 3.94%
- YTD
- -18.99%
- 6M
- -17.22%
- 1Y
- -14.23%
- 3Y*
- 16.72%
- 5Y*
- 9.21%
- 10Y*
- 12.98%
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Return for Risk
KBWY vs. HTGC — Risk / Return Rank
KBWY
HTGC
KBWY vs. HTGC - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco KBW Premium Yield Equity REIT ETF (KBWY) and Hercules Capital, Inc. (HTGC). 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.
| KBWY | HTGC | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.04 | -0.56 | +0.60 |
Sortino ratioReturn per unit of downside risk | 0.19 | -0.62 | +0.81 |
Omega ratioGain probability vs. loss probability | 1.02 | 0.92 | +0.11 |
Calmar ratioReturn relative to maximum drawdown | 0.08 | -0.58 | +0.67 |
Martin ratioReturn relative to average drawdown | 0.23 | -1.54 | +1.77 |
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
| KBWY | HTGC | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.04 | -0.56 | +0.60 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.01 | 0.36 | -0.37 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.01 | 0.47 | -0.46 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.16 | 0.35 | -0.19 |
Correlation
The correlation between KBWY and HTGC is 0.42, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Dividends
KBWY vs. HTGC - Dividend Comparison
KBWY's dividend yield for the trailing twelve months is around 9.87%, less than HTGC's 12.73% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
KBWY Invesco KBW Premium Yield Equity REIT ETF | 9.87% | 9.79% | 8.74% | 7.90% | 7.41% | 5.05% | 10.35% | 6.19% | 8.64% | 7.25% | 6.55% | 5.72% |
HTGC Hercules Capital, Inc. | 12.73% | 9.99% | 9.56% | 11.40% | 13.77% | 9.76% | 9.02% | 9.49% | 11.40% | 9.45% | 8.79% | 10.17% |
Drawdowns
KBWY vs. HTGC - Drawdown Comparison
The maximum KBWY drawdown since its inception was -57.68%, smaller than the maximum HTGC drawdown of -68.21%. Use the drawdown chart below to compare losses from any high point for KBWY and HTGC.
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Drawdown Indicators
| KBWY | HTGC | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -57.68% | -68.21% | +10.53% |
Max Drawdown (1Y)Largest decline over 1 year | -13.71% | -24.74% | +11.03% |
Max Drawdown (5Y)Largest decline over 5 years | -32.29% | -36.11% | +3.82% |
Max Drawdown (10Y)Largest decline over 10 years | -57.68% | -57.54% | -0.14% |
Current DrawdownCurrent decline from peak | -22.78% | -23.41% | +0.63% |
Average DrawdownAverage peak-to-trough decline | -14.17% | -10.79% | -3.38% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.89% | 9.38% | -4.49% |
Volatility
KBWY vs. HTGC - Volatility Comparison
The current volatility for Invesco KBW Premium Yield Equity REIT ETF (KBWY) is 5.91%, while Hercules Capital, Inc. (HTGC) has a volatility of 8.67%. This indicates that KBWY experiences smaller price fluctuations and is considered to be less risky than HTGC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| KBWY | HTGC | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.91% | 8.67% | -2.76% |
Volatility (6M)Calculated over the trailing 6-month period | 11.75% | 19.68% | -7.93% |
Volatility (1Y)Calculated over the trailing 1-year period | 19.26% | 25.56% | -6.30% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.58% | 25.66% | -4.08% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 27.04% | 27.76% | -0.72% |