KBWY vs. MO
KBWY (Invesco KBW Premium Yield Equity REIT ETF) is REIT fund tracking the KBW Nasdaq Premium Yield Equity REIT Index, while MO (Altria Group, Inc.) is a stock. Over the past 10 years, KBWY returned 1.32%/yr vs 7.57%/yr for MO. At a 0.36 correlation, their price movements are largely independent.
Performance
KBWY vs. MO - Performance Comparison
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Returns By Period
In the year-to-date period, KBWY achieves a 20.98% return, which is significantly lower than MO's 23.71% return. Over the past 10 years, KBWY has underperformed MO with an annualized return of 1.32%, while MO has yielded a comparatively higher 7.57% annualized return.
KBWY
- 1D
- 1.08%
- 1M
- 4.24%
- YTD
- 20.98%
- 6M
- 21.39%
- 1Y
- 25.16%
- 3Y*
- 8.41%
- 5Y*
- 3.26%
- 10Y*
- 1.32%
MO
- 1D
- 0.25%
- 1M
- -4.33%
- YTD
- 23.71%
- 6M
- 25.08%
- 1Y
- 24.07%
- 3Y*
- 25.38%
- 5Y*
- 17.04%
- 10Y*
- 7.57%
KBWY vs. MO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
KBWY Invesco KBW Premium Yield Equity REIT ETF | 20.98% | -5.30% | -3.49% | 12.88% | -19.00% | 31.22% | -25.83% | 23.36% | -18.20% | 0.81% |
MO Altria Group, Inc. | 23.71% | 18.17% | 40.76% | -3.70% | 4.37% | 24.18% | -10.21% | 7.87% | -27.14% | 9.45% |
Correlation
The correlation between KBWY and MO is 0.06, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.06 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.24 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.32 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.35 |
Correlation (All Time) Calculated using the full available price history since Dec 2, 2010 | 0.36 |
Over the past year, the correlation between KBWY and MO has dropped to 0.06 - well below their long-term average of 0.36, suggesting their price drivers have been diverging.
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Return for Risk
KBWY vs. MO — Risk / Return Rank
KBWY
MO
KBWY vs. MO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco KBW Premium Yield Equity REIT ETF (KBWY) and Altria Group, Inc. (MO). 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 | MO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.45 | ||
| Sortino ratioReturn per unit of downside risk | +0.65 | ||
| Omega ratioGain probability vs. loss probability | 1.25 | 1.21 | +0.05 |
| Calmar ratioReturn relative to maximum drawdown | 2.73 | 1.47 | +1.26 |
| Martin ratioReturn relative to average drawdown | 6.50 | 3.69 | +2.81 |
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Drawdowns
KBWY vs. MO - Drawdown Comparison
The maximum KBWY drawdown since its inception was -57.68%, smaller than the maximum MO drawdown of -65.43%. Use the drawdown chart below to compare losses from any high point for KBWY and MO.
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Drawdown Indicators
| KBWY | MO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -57.68% | -65.43% | +7.75% |
Max Drawdown (1Y)Largest decline over 1 year | -9.24% | -16.40% | +7.16% |
Max Drawdown (3Y)Largest decline over 3 years | -29.93% | -16.40% | -13.53% |
Max Drawdown (5Y)Largest decline over 5 years | -32.29% | -25.83% | -6.46% |
Max Drawdown (10Y)Largest decline over 10 years | -57.68% | -53.69% | -3.99% |
Current DrawdownCurrent decline from peak | -7.84% | -5.90% | -1.94% |
Average DrawdownAverage peak-to-trough decline | -14.16% | -11.92% | -2.24% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.88% | 6.54% | -2.66% |
Volatility
KBWY vs. MO - Volatility Comparison
The current volatility for Invesco KBW Premium Yield Equity REIT ETF (KBWY) is 5.12%, while Altria Group, Inc. (MO) has a volatility of 6.93%. This indicates that KBWY experiences smaller price fluctuations and is considered to be less risky than MO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| KBWY | MO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.12% | 6.93% | -1.81% |
Volatility (6M)Calculated over the trailing 6-month period | 12.13% | 17.83% | -5.70% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.79% | 22.76% | -5.97% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.62% | 20.69% | +0.93% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 27.06% | 22.99% | +4.07% |
Dividends
KBWY vs. MO - Dividend Comparison
KBWY's dividend yield for the trailing twelve months is around 8.37%, more than MO's 6.13% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
KBWY Invesco KBW Premium Yield Equity REIT ETF | 8.37% | 9.79% | 8.74% | 7.90% | 7.41% | 5.05% | 10.35% | 6.19% | 8.64% | 7.25% | 6.55% | 5.72% |
MO Altria Group, Inc. | 6.13% | 7.21% | 7.65% | 9.52% | 8.05% | 7.43% | 8.29% | 6.57% | 6.07% | 3.56% | 3.48% | 3.73% |
Frequently Asked Questions
KBWY and MO have a correlation of 0.06, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
MO has higher volatility (6.93%) compared to KBWY (5.12%). In terms of maximum drawdown, KBWY dropped -57.68% vs MO's -65.43%.
KBWY currently has the higher Sharpe Ratio (1.51 vs 1.06), 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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