KBWY vs. RDOG
KBWY (Invesco KBW Premium Yield Equity REIT ETF) and RDOG (ALPS REIT Dividend Dogs ETF) are both REIT funds - KBWY tracks the KBW Nasdaq Premium Yield Equity REIT Index while RDOG tracks the S-Network REIT Dividend Dogs Index. Both are passively managed. Over the past 10 years, KBWY returned 0.99%/yr vs 4.11%/yr for RDOG. Their correlation of 0.82 suggests significant overlap in exposure. Both charge a 0.35% expense ratio.
Performance
KBWY vs. RDOG - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, KBWY achieves a 26.20% return, which is significantly higher than RDOG's 19.21% return. Over the past 10 years, KBWY has underperformed RDOG with an annualized return of 0.99%, while RDOG has yielded a comparatively higher 4.11% annualized return.
KBWY
- 1D
- 0.38%
- 1M
- 2.04%
- 6M
- 20.44%
- YTD
- 26.20%
- 1Y
- 25.16%
- 3Y*
- 8.47%
- 5Y*
- 3.25%
- 10Y*
- 0.99%
RDOG
- 1D
- -0.09%
- 1M
- 0.39%
- 6M
- 15.57%
- YTD
- 19.21%
- 1Y
- 20.40%
- 3Y*
- 10.66%
- 5Y*
- 2.50%
- 10Y*
- 4.11%
KBWY vs. RDOG - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
KBWY Invesco KBW Premium Yield Equity REIT ETF | 26.20% | -5.30% | -3.49% | 12.88% | -19.00% | 31.22% | -25.83% | 23.36% | -18.20% | 0.81% |
RDOG ALPS REIT Dividend Dogs ETF | 19.21% | 0.95% | 4.57% | 10.38% | -25.53% | 34.42% | -10.01% | 21.54% | -5.70% | 11.84% |
Correlation
The correlation between KBWY and RDOG is 0.95 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.95 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.96 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.95 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.86 |
Correlation (All Time) Calculated using the full available price history since Dec 2, 2010 | 0.82 |
The correlation between KBWY and RDOG shifts across timeframes, from 0.82 (all time) to 0.96 (3 years), reflecting how their relationship changes across market environments.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
KBWY vs. RDOG — Risk / Return Rank
KBWY
RDOG
KBWY vs. RDOG - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco KBW Premium Yield Equity REIT ETF (KBWY) and ALPS REIT Dividend Dogs ETF (RDOG). 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 | RDOG | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.13 | ||
| Sortino ratioReturn per unit of downside risk | +0.16 | ||
| Omega ratioGain probability vs. loss probability | 1.26 | 1.24 | +0.02 |
| Calmar ratioReturn relative to maximum drawdown | 2.73 | 2.04 | +0.69 |
| Martin ratioReturn relative to average drawdown | 6.62 | 6.61 | +0.01 |
Loading charts...
Drawdowns
KBWY vs. RDOG - Drawdown Comparison
The maximum KBWY drawdown since its inception was -57.68%, smaller than the maximum RDOG drawdown of -67.59%. Use the drawdown chart below to compare losses from any high point for KBWY and RDOG.
Loading charts...
Drawdown Indicators
| KBWY | RDOG | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -57.68% | -67.59% | +9.91% |
Max Drawdown (1Y)Largest decline over 1 year | -9.24% | -10.02% | +0.78% |
Max Drawdown (3Y)Largest decline over 3 years | -29.93% | -21.40% | -8.53% |
Max Drawdown (5Y)Largest decline over 5 years | -32.29% | -35.52% | +3.23% |
Max Drawdown (10Y)Largest decline over 10 years | -57.68% | -49.35% | -8.33% |
Current DrawdownCurrent decline from peak | -3.86% | -1.42% | -2.44% |
Average DrawdownAverage peak-to-trough decline | -14.12% | -12.19% | -1.93% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.89% | 3.10% | +0.79% |
Volatility
KBWY vs. RDOG - Volatility Comparison
Invesco KBW Premium Yield Equity REIT ETF (KBWY) and ALPS REIT Dividend Dogs ETF (RDOG) have volatilities of 4.72% and 4.70%, 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.
Loading charts...
Volatility by Period
| KBWY | RDOG | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.72% | 4.70% | +0.02% |
Volatility (6M)Calculated over the trailing 6-month period | 12.20% | 11.27% | +0.93% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.64% | 14.80% | +1.84% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.60% | 19.85% | +1.75% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 27.06% | 23.04% | +4.02% |
KBWY vs. RDOG - Expense Ratio Comparison
Both KBWY and RDOG have an expense ratio of 0.35%.
Dividends
KBWY vs. RDOG - Dividend Comparison
KBWY's dividend yield for the trailing twelve months is around 8.04%, more than RDOG's 6.12% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
KBWY Invesco KBW Premium Yield Equity REIT ETF | 8.04% | 9.79% | 8.74% | 7.90% | 7.41% | 5.05% | 10.35% | 6.19% | 8.64% | 7.25% | 6.55% | 5.72% |
RDOG ALPS REIT Dividend Dogs ETF | 6.12% | 6.91% | 6.11% | 7.07% | 5.25% | 3.11% | 5.12% | 3.10% | 3.13% | 3.64% | 3.66% | 3.43% |
Frequently Asked Questions
With a correlation of 0.95, KBWY and RDOG move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
KBWY has higher volatility (4.72%) compared to RDOG (4.70%). In terms of maximum drawdown, KBWY dropped -57.68% vs RDOG's -67.59%.
On 10-year performance, RDOG leads with 4.11% vs 0.99% for KBWY. Both ETFs have the same 0.35% expense ratio. Their volatility is very similar. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 10-year period, RDOG has performed better with a 4.11% return vs 0.99%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
KBWY and RDOG have the same expense ratio: 0.35% per year.
KBWY has the higher dividend yield at 8.04%, compared with 6.12% for RDOG.
KBWY tracks KBW Nasdaq Premium Yield Equity REIT Index, while RDOG tracks S-Network REIT Dividend Dogs Index. They also come from different issuers: Invesco and SS&C.
KBWY currently has the higher Sharpe Ratio (1.52 vs 1.39), 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.
Find the right allocation for KBWY and RDOG
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer