KBWY vs. SPY
Compare and contrast key facts about Invesco KBW Premium Yield Equity REIT ETF (KBWY) and SPDR S&P 500 ETF (SPY).
KBWY and SPY 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. SPY is a passively managed fund by State Street that tracks the performance of the S&P 500 Index. It was launched on Jan 22, 1993. Both KBWY and SPY are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: KBWY or SPY.
Key characteristics
| KBWY | SPY | |
|---|---|---|
| YTD Return | -10.97% | 5.60% |
| 1Y Return | 14.11% | 23.55% |
| 3Y Return (Ann) | -2.04% | 7.83% |
| 5Y Return (Ann) | -3.66% | 13.05% |
| 10Y Return (Ann) | 1.06% | 12.30% |
| Sharpe Ratio | 0.43 | 1.91 |
| Daily Std Dev | 26.22% | 11.63% |
| Max Drawdown | -57.68% | -55.19% |
| Current Drawdown | -25.76% | -4.36% |
Correlation
The correlation between KBWY and SPY is 0.58, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
KBWY vs. SPY - Performance Comparison
In the year-to-date period, KBWY achieves a -10.97% return, which is significantly lower than SPY's 5.60% return. Over the past 10 years, KBWY has underperformed SPY with an annualized return of 1.06%, while SPY has yielded a comparatively higher 12.30% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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KBWY vs. SPY - Expense Ratio Comparison
KBWY has a 0.35% expense ratio, which is higher than SPY's 0.09% expense ratio.
Risk-Adjusted Performance
KBWY vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco KBW Premium Yield Equity REIT ETF (KBWY) and SPDR S&P 500 ETF (SPY). 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.
Dividends
KBWY vs. SPY - Dividend Comparison
KBWY's dividend yield for the trailing twelve months is around 8.98%, more than SPY's 1.34% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
KBWY Invesco KBW Premium Yield Equity REIT ETF | 8.98% | 7.90% | 7.41% | 5.05% | 10.35% | 6.19% | 8.64% | 7.25% | 6.55% | 5.72% | 4.57% | 4.85% |
SPY SPDR S&P 500 ETF | 1.34% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% | 1.81% |
Drawdowns
KBWY vs. SPY - Drawdown Comparison
The maximum KBWY drawdown since its inception was -57.68%, roughly equal to the maximum SPY drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for KBWY and SPY. For additional features, visit the drawdowns tool.
Volatility
KBWY vs. SPY - Volatility Comparison
Invesco KBW Premium Yield Equity REIT ETF (KBWY) has a higher volatility of 6.48% compared to SPDR S&P 500 ETF (SPY) at 3.88%. This indicates that KBWY's price experiences larger fluctuations and is considered to be riskier than SPY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.