KBWY vs. QQQM
KBWY (Invesco KBW Premium Yield Equity REIT ETF) and QQQM (Invesco NASDAQ 100 ETF) are both exchange-traded funds - KBWY is a REIT fund tracking the KBW Premium Yield Equity REIT Index, while QQQM is a Nasdaq-100 fund tracking the NASDAQ-100 Index. Both are passively managed. Over the past 5 years, KBWY returned 2.59%/yr vs 17.94%/yr for QQQM. At a 0.38 correlation, their price movements are largely independent. KBWY charges 0.35%/yr vs 0.15%/yr for QQQM.
Performance
KBWY vs. QQQM - Performance Comparison
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Returns By Period
In the year-to-date period, KBWY achieves a 19.61% return, which is significantly lower than QQQM's 20.73% return.
KBWY
- 1D
- 2.17%
- 1M
- 5.12%
- YTD
- 19.61%
- 6M
- 21.19%
- 1Y
- 25.66%
- 3Y*
- 10.27%
- 5Y*
- 2.59%
- 10Y*
- 1.43%
QQQM
- 1D
- -0.54%
- 1M
- 8.67%
- YTD
- 20.73%
- 6M
- 19.22%
- 1Y
- 40.83%
- 3Y*
- 28.64%
- 5Y*
- 17.94%
- 10Y*
- —
KBWY vs. QQQM - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
KBWY Invesco KBW Premium Yield Equity REIT ETF | 19.61% | -5.30% | -3.49% | 12.88% | -19.00% | 31.22% | 16.57% |
QQQM Invesco NASDAQ 100 ETF | 20.73% | 20.85% | 25.68% | 55.01% | -32.52% | 27.45% | 6.67% |
Correlation
The correlation between KBWY and QQQM is 0.22, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.22 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.31 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.40 |
Correlation (All Time) Calculated using the full available price history since Oct 14, 2020 | 0.38 |
The correlation between KBWY and QQQM shifts across timeframes, from 0.22 (1 year) to 0.40 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
KBWY vs. QQQM — Risk / Return Rank
KBWY
QQQM
KBWY vs. QQQM - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco KBW Premium Yield Equity REIT ETF (KBWY) and Invesco NASDAQ 100 ETF (QQQM). 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 | QQQM | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.02 | ||
| Sortino ratioReturn per unit of downside risk | -1.14 | ||
| Omega ratioGain probability vs. loss probability | 1.26 | 1.44 | -0.18 |
| Calmar ratioReturn relative to maximum drawdown | 2.79 | 3.43 | -0.64 |
| Martin ratioReturn relative to average drawdown | 6.63 | 13.15 | -6.52 |
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 | QQQM | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.56 | 2.58 | -1.02 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.12 | 0.81 | -0.69 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.05 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.20 | 0.84 | -0.64 |
Drawdowns
KBWY vs. QQQM - Drawdown Comparison
The maximum KBWY drawdown since its inception was -57.68%, which is greater than QQQM's maximum drawdown of -35.04%. Use the drawdown chart below to compare losses from any high point for KBWY and QQQM.
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Drawdown Indicators
| KBWY | QQQM | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -57.68% | -35.04% | -22.64% |
Max Drawdown (1Y)Largest decline over 1 year | -9.24% | -11.96% | +2.72% |
Max Drawdown (3Y)Largest decline over 3 years | -29.93% | -22.70% | -7.23% |
Max Drawdown (5Y)Largest decline over 5 years | -32.29% | -35.04% | +2.75% |
Max Drawdown (10Y)Largest decline over 10 years | -57.68% | — | — |
Current DrawdownCurrent decline from peak | -8.88% | -0.75% | -8.13% |
Average DrawdownAverage peak-to-trough decline | -14.18% | -8.24% | -5.94% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.88% | 3.11% | +0.77% |
Volatility
KBWY vs. QQQM - Volatility Comparison
Invesco KBW Premium Yield Equity REIT ETF (KBWY) and Invesco NASDAQ 100 ETF (QQQM) have volatilities of 4.49% and 4.51%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| KBWY | QQQM | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.49% | 4.51% | -0.02% |
Volatility (6M)Calculated over the trailing 6-month period | 11.79% | 12.06% | -0.27% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.56% | 15.91% | +0.65% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.63% | 22.23% | -0.60% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 27.05% | 22.11% | +4.94% |
KBWY vs. QQQM - Expense Ratio Comparison
KBWY has a 0.35% expense ratio, which is higher than QQQM's 0.15% expense ratio.
Dividends
KBWY vs. QQQM - Dividend Comparison
KBWY's dividend yield for the trailing twelve months is around 8.46%, more than QQQM's 0.42% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
KBWY Invesco KBW Premium Yield Equity REIT ETF | 8.46% | 9.79% | 8.74% | 7.90% | 7.41% | 5.05% | 10.35% | 6.19% | 8.64% | 7.25% | 6.55% | 5.72% |
QQQM Invesco NASDAQ 100 ETF | 0.42% | 0.50% | 0.61% | 0.65% | 0.83% | 0.40% | 0.16% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
KBWY and QQQM have a correlation of 0.22, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
QQQM has higher volatility (4.51%) compared to KBWY (4.49%). In terms of maximum drawdown, KBWY dropped -57.68% vs QQQM's -35.04%.
On 5-year performance, QQQM leads with 17.94% vs 2.59% for KBWY. On fees, QQQM is cheaper at 0.15% per year. Their volatility is very similar. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, QQQM has performed better with a 17.94% return vs 2.59%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
QQQM is cheaper with a 0.15% expense ratio, compared with 0.35% for KBWY.
KBWY has the higher dividend yield at 8.46%, compared with 0.42% for QQQM.
KBWY is categorized as REIT, while QQQM is Nasdaq-100. KBWY tracks KBW Premium Yield Equity REIT Index, while QQQM tracks NASDAQ-100 Index. Their fees differ too: 0.35% for KBWY and 0.15% for QQQM.
QQQM currently has the higher Sharpe Ratio (2.58 vs 1.56), 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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