KBWY vs. SRVR
KBWY (Invesco KBW Premium Yield Equity REIT ETF) and SRVR (Pacer Data & Infrastructure Real Estate ETF) are both REIT funds - KBWY tracks the KBW Nasdaq Premium Yield Equity REIT Index while SRVR tracks the FTSE Nareit All Equity REITs Index. Both are passively managed. Over the past 5 years, KBWY returned 3.25%/yr vs -3.37%/yr for SRVR. A 0.58 correlation means they provide meaningful diversification when combined. KBWY charges 0.35%/yr vs 0.49%/yr for SRVR.
Performance
KBWY vs. SRVR - Performance Comparison
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Returns By Period
In the year-to-date period, KBWY achieves a 26.20% return, which is significantly higher than SRVR's 8.77% 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%
SRVR
- 1D
- -0.36%
- 1M
- -8.32%
- 6M
- 3.46%
- YTD
- 8.77%
- 1Y
- -1.52%
- 3Y*
- 3.75%
- 5Y*
- -3.37%
- 10Y*
- —
KBWY vs. SRVR - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
KBWY Invesco KBW Premium Yield Equity REIT ETF | 26.20% | -5.30% | -3.49% | 12.88% | -19.00% | 31.22% | -25.83% | 23.36% | -11.86% |
SRVR Pacer Data & Infrastructure Real Estate ETF | 8.77% | -1.99% | 2.70% | 6.84% | -31.90% | 22.31% | 11.99% | 41.98% | -3.66% |
Correlation
The correlation between KBWY and SRVR is 0.37, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.37 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.59 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.64 |
Correlation (All Time) Calculated using the full available price history since May 16, 2018 | 0.58 |
Over the past year, the correlation between KBWY and SRVR has dropped to 0.37 - well below their long-term average of 0.58, suggesting their price drivers have been diverging.
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Return for Risk
KBWY vs. SRVR — Risk / Return Rank
KBWY
SRVR
KBWY vs. SRVR - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco KBW Premium Yield Equity REIT ETF (KBWY) and Pacer Data & Infrastructure Real Estate ETF (SRVR). 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 | SRVR | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.61 | ||
| Sortino ratioReturn per unit of downside risk | +2.21 | ||
| Omega ratioGain probability vs. loss probability | 1.26 | 1.00 | +0.26 |
| Calmar ratioReturn relative to maximum drawdown | 2.73 | -0.10 | +2.84 |
| Martin ratioReturn relative to average drawdown | 6.62 | -0.20 | +6.83 |
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Drawdowns
KBWY vs. SRVR - Drawdown Comparison
The maximum KBWY drawdown since its inception was -57.68%, which is greater than SRVR's maximum drawdown of -40.99%. Use the drawdown chart below to compare losses from any high point for KBWY and SRVR.
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Drawdown Indicators
| KBWY | SRVR | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -57.68% | -40.99% | -16.69% |
Max Drawdown (1Y)Largest decline over 1 year | -9.24% | -14.78% | +5.54% |
Max Drawdown (3Y)Largest decline over 3 years | -29.93% | -18.34% | -11.59% |
Max Drawdown (5Y)Largest decline over 5 years | -32.29% | -40.99% | +8.70% |
Max Drawdown (10Y)Largest decline over 10 years | -57.68% | — | — |
Current DrawdownCurrent decline from peak | -3.86% | -20.35% | +16.49% |
Average DrawdownAverage peak-to-trough decline | -14.12% | -15.27% | +1.15% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.89% | 7.45% | -3.56% |
Volatility
KBWY vs. SRVR - Volatility Comparison
Invesco KBW Premium Yield Equity REIT ETF (KBWY) has a higher volatility of 4.72% compared to Pacer Data & Infrastructure Real Estate ETF (SRVR) at 4.15%. This indicates that KBWY's price experiences larger fluctuations and is considered to be riskier than SRVR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| KBWY | SRVR | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.72% | 4.15% | +0.57% |
Volatility (6M)Calculated over the trailing 6-month period | 12.20% | 13.95% | -1.75% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.64% | 17.24% | -0.60% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.60% | 19.84% | +1.76% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 27.06% | 21.41% | +5.65% |
KBWY vs. SRVR - Expense Ratio Comparison
KBWY has a 0.35% expense ratio, which is lower than SRVR's 0.49% expense ratio.
Dividends
KBWY vs. SRVR - Dividend Comparison
KBWY's dividend yield for the trailing twelve months is around 8.04%, more than SRVR's 2.81% 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% |
SRVR Pacer Data & Infrastructure Real Estate ETF | 2.81% | 2.67% | 2.00% | 3.69% | 1.70% | 1.19% | 1.59% | 1.61% | 2.13% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
KBWY and SRVR have a correlation of 0.37, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
KBWY has higher volatility (4.72%) compared to SRVR (4.15%). In terms of maximum drawdown, KBWY dropped -57.68% vs SRVR's -40.99%.
On 5-year performance, KBWY leads with 3.25% vs -3.37% for SRVR. On fees, KBWY is cheaper at 0.35% per year. On volatility, SRVR has been the lower-risk option at 4.15%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, KBWY has performed better with a 3.25% return vs -3.37%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
KBWY is cheaper with a 0.35% expense ratio, compared with 0.49% for SRVR.
KBWY has the higher dividend yield at 8.04%, compared with 2.81% for SRVR.
KBWY tracks KBW Nasdaq Premium Yield Equity REIT Index, while SRVR tracks FTSE Nareit All Equity REITs Index. They also come from different issuers: Invesco and Pacer. Their fees differ too: 0.35% for KBWY and 0.49% for SRVR.
KBWY currently has the higher Sharpe Ratio (1.52 vs -0.09), 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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