KBWY vs. NURE
KBWY (Invesco KBW Premium Yield Equity REIT ETF) and NURE (Nuveen Short-Term REIT ETF) are both REIT funds - KBWY tracks the KBW Nasdaq Premium Yield Equity REIT Index while NURE tracks the Dow Jones U.S. Select Short-Term REIT Index. Both are passively managed. Over the past 5 years, KBWY returned 3.00%/yr vs 1.78%/yr for NURE. A 0.75 correlation means they provide meaningful diversification when combined. Both charge a 0.35% expense ratio.
Performance
KBWY vs. NURE - 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 NURE's 14.93% 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%
NURE
- 1D
- 0.84%
- 1M
- 4.01%
- YTD
- 14.93%
- 6M
- 15.97%
- 1Y
- 10.47%
- 3Y*
- 7.27%
- 5Y*
- 1.78%
- 10Y*
- —
KBWY vs. NURE - 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% |
NURE Nuveen Short-Term REIT ETF | 14.93% | -7.51% | 6.65% | 13.09% | -28.48% | 53.41% | -7.24% | 25.10% | 0.02% | 8.41% |
Correlation
The correlation between KBWY and NURE is 0.83, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.83 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.83 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.81 |
Correlation (All Time) Calculated using the full available price history since Dec 20, 2016 | 0.75 |
The correlation between KBWY and NURE has been stable across timeframes, ranging from 0.75 to 0.83 - a consistent structural relationship.
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Return for Risk
KBWY vs. NURE — Risk / Return Rank
KBWY
NURE
KBWY vs. NURE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco KBW Premium Yield Equity REIT ETF (KBWY) and Nuveen Short-Term REIT ETF (NURE). 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 | NURE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.85 | ||
| Sortino ratioReturn per unit of downside risk | +1.12 | ||
| Omega ratioGain probability vs. loss probability | 1.25 | 1.12 | +0.13 |
| Calmar ratioReturn relative to maximum drawdown | 2.72 | 1.15 | +1.57 |
| Martin ratioReturn relative to average drawdown | 6.48 | 2.39 | +4.08 |
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Drawdowns
KBWY vs. NURE - Drawdown Comparison
The maximum KBWY drawdown since its inception was -57.68%, which is greater than NURE's maximum drawdown of -46.05%. Use the drawdown chart below to compare losses from any high point for KBWY and NURE.
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Drawdown Indicators
| KBWY | NURE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -57.68% | -46.05% | -11.63% |
Max Drawdown (1Y)Largest decline over 1 year | -9.24% | -9.13% | -0.11% |
Max Drawdown (3Y)Largest decline over 3 years | -29.93% | -21.03% | -8.90% |
Max Drawdown (5Y)Largest decline over 5 years | -32.29% | -35.98% | +3.69% |
Max Drawdown (10Y)Largest decline over 10 years | -57.68% | — | — |
Current DrawdownCurrent decline from peak | -6.64% | -9.39% | +2.75% |
Average DrawdownAverage peak-to-trough decline | -14.15% | -12.28% | -1.87% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.88% | 4.38% | -0.50% |
Volatility
KBWY vs. NURE - Volatility Comparison
Invesco KBW Premium Yield Equity REIT ETF (KBWY) has a higher volatility of 4.85% compared to Nuveen Short-Term REIT ETF (NURE) at 4.29%. This indicates that KBWY's price experiences larger fluctuations and is considered to be riskier than NURE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| KBWY | NURE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.85% | 4.29% | +0.56% |
Volatility (6M)Calculated over the trailing 6-month period | 12.16% | 11.62% | +0.54% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.79% | 16.02% | +0.77% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.61% | 19.67% | +1.94% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 27.08% | 21.78% | +5.30% |
KBWY vs. NURE - Expense Ratio Comparison
Both KBWY and NURE have an expense ratio of 0.35%.
Dividends
KBWY vs. NURE - Dividend Comparison
KBWY's dividend yield for the trailing twelve months is around 8.28%, more than NURE's 4.33% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
NURE Nuveen Short-Term REIT ETF | 4.33% | 4.56% | 3.51% | 3.73% | 2.80% | 1.34% | 3.41% | 3.28% | 4.11% | 3.86% | 0.48% | 0.00% |
Frequently Asked Questions
KBWY and NURE have a correlation of 0.83, 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 NURE (4.29%). In terms of maximum drawdown, KBWY dropped -57.68% vs NURE's -46.05%.
On 5-year performance, KBWY leads with 3.00% vs 1.78% for NURE. Both ETFs have the same 0.35% expense ratio. On volatility, NURE has been the lower-risk option at 4.29%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, KBWY has performed better with a 3.00% return vs 1.78%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
KBWY and NURE have the same expense ratio: 0.35% per year.
KBWY has the higher dividend yield at 8.28%, compared with 4.33% for NURE.
KBWY tracks KBW Nasdaq Premium Yield Equity REIT Index, while NURE tracks Dow Jones U.S. Select Short-Term REIT Index. They also come from different issuers: Invesco and Nuveen.
KBWY currently has the higher Sharpe Ratio (1.50 vs 0.66), 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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