KBWY vs. RIET
Compare and contrast key facts about Invesco KBW Premium Yield Equity REIT ETF (KBWY) and Hoya Capital High Dividend Yield ETF (RIET).
KBWY and RIET are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. 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. RIET is a passively managed fund by Pettee Investors that tracks the performance of the Hoya Capital High Dividend Yield Index. It was launched on Sep 21, 2021. Both KBWY and RIET are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Performance
KBWY vs. RIET - Performance Comparison
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KBWY vs. RIET - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
KBWY Invesco KBW Premium Yield Equity REIT ETF | 1.36% | -5.30% | -3.49% | 12.88% | -19.00% | 10.20% |
RIET Hoya Capital High Dividend Yield ETF | -0.60% | 2.43% | 1.18% | 13.04% | -25.29% | 2.35% |
Returns By Period
In the year-to-date period, KBWY achieves a 1.36% return, which is significantly higher than RIET's -0.60% 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%
RIET
- 1D
- 1.12%
- 1M
- -5.58%
- YTD
- -0.60%
- 6M
- -1.46%
- 1Y
- -0.11%
- 3Y*
- 6.00%
- 5Y*
- —
- 10Y*
- —
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KBWY vs. RIET - Expense Ratio Comparison
KBWY has a 0.35% expense ratio, which is lower than RIET's 0.50% expense ratio.
Return for Risk
KBWY vs. RIET — Risk / Return Rank
KBWY
RIET
KBWY vs. RIET - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco KBW Premium Yield Equity REIT ETF (KBWY) and Hoya Capital High Dividend Yield ETF (RIET). 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 | RIET | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.04 | -0.01 | +0.05 |
Sortino ratioReturn per unit of downside risk | 0.19 | 0.10 | +0.09 |
Omega ratioGain probability vs. loss probability | 1.02 | 1.01 | +0.01 |
Calmar ratioReturn relative to maximum drawdown | 0.08 | 0.04 | +0.04 |
Martin ratioReturn relative to average drawdown | 0.23 | 0.12 | +0.10 |
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 | RIET | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.04 | -0.01 | +0.05 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.01 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.01 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.16 | -0.13 | +0.29 |
Correlation
The correlation between KBWY and RIET is 0.92, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Dividends
KBWY vs. RIET - Dividend Comparison
KBWY's dividend yield for the trailing twelve months is around 9.87%, less than RIET's 11.41% 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% |
RIET Hoya Capital High Dividend Yield ETF | 11.41% | 11.04% | 10.17% | 9.33% | 9.33% | 1.99% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
KBWY vs. RIET - Drawdown Comparison
The maximum KBWY drawdown since its inception was -57.68%, which is greater than RIET's maximum drawdown of -34.61%. Use the drawdown chart below to compare losses from any high point for KBWY and RIET.
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Drawdown Indicators
| KBWY | RIET | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -57.68% | -34.61% | -23.07% |
Max Drawdown (1Y)Largest decline over 1 year | -13.71% | -12.09% | -1.62% |
Max Drawdown (5Y)Largest decline over 5 years | -32.29% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -57.68% | — | — |
Current DrawdownCurrent decline from peak | -22.78% | -14.32% | -8.46% |
Average DrawdownAverage peak-to-trough decline | -14.17% | -16.72% | +2.55% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.89% | 4.34% | +0.55% |
Volatility
KBWY vs. RIET - Volatility Comparison
Invesco KBW Premium Yield Equity REIT ETF (KBWY) has a higher volatility of 5.91% compared to Hoya Capital High Dividend Yield ETF (RIET) at 5.11%. This indicates that KBWY's price experiences larger fluctuations and is considered to be riskier than RIET based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| KBWY | RIET | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.91% | 5.11% | +0.80% |
Volatility (6M)Calculated over the trailing 6-month period | 11.75% | 9.43% | +2.32% |
Volatility (1Y)Calculated over the trailing 1-year period | 19.26% | 15.78% | +3.48% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.58% | 19.15% | +2.43% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 27.04% | 19.15% | +7.89% |