KBWY vs. SRET
Compare and contrast key facts about Invesco KBW Premium Yield Equity REIT ETF (KBWY) and Global X SuperDividend REIT ETF (SRET).
KBWY and SRET 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. SRET is a passively managed fund by Global X that tracks the performance of the Solactive Global SuperDividend REIT Index. It was launched on Mar 17, 2015. Both KBWY and SRET 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 SRET.
Key characteristics
| KBWY | SRET | |
|---|---|---|
| YTD Return | 4.95% | 2.02% |
| 1Y Return | 19.29% | 12.50% |
| 3Y Return (Ann) | 0.53% | -3.08% |
| 5Y Return (Ann) | -1.27% | -7.40% |
| Sharpe Ratio | 1.29 | 1.17 |
| Sortino Ratio | 1.95 | 1.74 |
| Omega Ratio | 1.25 | 1.22 |
| Calmar Ratio | 0.97 | 0.40 |
| Martin Ratio | 3.24 | 2.68 |
| Ulcer Index | 8.66% | 6.72% |
| Daily Std Dev | 21.67% | 15.39% |
| Max Drawdown | -57.68% | -66.98% |
| Current Drawdown | -12.49% | -35.88% |
Correlation
The correlation between KBWY and SRET is 0.79, 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.
Performance
KBWY vs. SRET - Performance Comparison
In the year-to-date period, KBWY achieves a 4.95% return, which is significantly higher than SRET's 2.02% 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. SRET - Expense Ratio Comparison
KBWY has a 0.35% expense ratio, which is lower than SRET's 0.58% expense ratio.
Risk-Adjusted Performance
KBWY vs. SRET - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco KBW Premium Yield Equity REIT ETF (KBWY) and Global X SuperDividend REIT ETF (SRET). 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. SRET - Dividend Comparison
KBWY's dividend yield for the trailing twelve months is around 7.96%, less than SRET's 8.05% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
KBWY Invesco KBW Premium Yield Equity REIT ETF | 7.96% | 7.90% | 7.41% | 5.06% | 10.35% | 6.19% | 8.64% | 7.25% | 6.55% | 5.72% | 4.57% | 4.85% |
SRET Global X SuperDividend REIT ETF | 8.05% | 7.21% | 8.30% | 6.33% | 8.92% | 7.77% | 8.53% | 8.23% | 7.22% | 7.76% | 0.00% | 0.00% |
Drawdowns
KBWY vs. SRET - Drawdown Comparison
The maximum KBWY drawdown since its inception was -57.68%, smaller than the maximum SRET drawdown of -66.98%. Use the drawdown chart below to compare losses from any high point for KBWY and SRET. For additional features, visit the drawdowns tool.
Volatility
KBWY vs. SRET - Volatility Comparison
Invesco KBW Premium Yield Equity REIT ETF (KBWY) and Global X SuperDividend REIT ETF (SRET) have volatilities of 4.17% and 4.31%, 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.