KBWY vs. SRVR
KBWY (Invesco KBW Premium Yield Equity REIT ETF) and SRVR (Pacer Benchmark Data & Infrastructure Real Estate SCTR ETF) are both REIT funds - KBWY tracks the KBW Nasdaq Premium Yield Equity REIT Index while SRVR tracks the Benchmark Data & Infrastructure Real Estate SCTR Index. Both are passively managed. Over the past 5 years, KBWY returned 3.00%/yr vs -1.27%/yr for SRVR. A 0.59 correlation means they provide meaningful diversification when combined. KBWY charges 0.35%/yr vs 0.60%/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 22.56% return, which is significantly higher than SRVR's 17.97% return.
KBWY
- 1D
- 1.25%
- 1M
- 4.73%
- YTD
- 22.56%
- 6M
- 24.93%
- 1Y
- 25.07%
- 3Y*
- 11.98%
- 5Y*
- 3.00%
- 10Y*
- 1.46%
SRVR
- 1D
- -1.01%
- 1M
- -2.35%
- YTD
- 17.97%
- 6M
- 18.04%
- 1Y
- 5.84%
- 3Y*
- 8.93%
- 5Y*
- -1.27%
- 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 | 22.56% | -5.30% | -3.49% | 12.88% | -19.00% | 31.22% | -25.83% | 23.36% | -11.86% |
SRVR Pacer Benchmark Data & Infrastructure Real Estate SCTR ETF | 17.97% | -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 | 0.60 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.65 |
Correlation (All Time) Calculated using the full available price history since May 16, 2018 | 0.59 |
Over the past year, the correlation between KBWY and SRVR has dropped to 0.37 - well below their long-term average of 0.59, 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 Benchmark Data & Infrastructure Real Estate SCTR 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 | +1.16 | ||
| Sortino ratioReturn per unit of downside risk | +1.57 | ||
| Omega ratioGain probability vs. loss probability | 1.25 | 1.07 | +0.18 |
| Calmar ratioReturn relative to maximum drawdown | 2.72 | 0.40 | +2.33 |
| Martin ratioReturn relative to average drawdown | 6.48 | 0.84 | +5.63 |
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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 | -6.64% | -13.62% | +6.98% |
Average DrawdownAverage peak-to-trough decline | -14.15% | -15.24% | +1.09% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.88% | 6.94% | -3.06% |
Volatility
KBWY vs. SRVR - Volatility Comparison
The current volatility for Invesco KBW Premium Yield Equity REIT ETF (KBWY) is 4.85%, while Pacer Benchmark Data & Infrastructure Real Estate SCTR ETF (SRVR) has a volatility of 5.66%. This indicates that KBWY experiences smaller price fluctuations and is considered to be less risky 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 | 4.85% | 5.66% | -0.81% |
Volatility (6M)Calculated over the trailing 6-month period | 12.16% | 13.59% | -1.43% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.79% | 17.29% | -0.50% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.61% | 19.78% | +1.83% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 27.08% | 21.44% | +5.64% |
KBWY vs. SRVR - Expense Ratio Comparison
KBWY has a 0.35% expense ratio, which is lower than SRVR's 0.60% expense ratio.
Dividends
KBWY vs. SRVR - Dividend Comparison
KBWY's dividend yield for the trailing twelve months is around 8.28%, more than SRVR's 2.59% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
KBWY Invesco KBW Premium Yield Equity REIT ETF | 8.28% | 9.79% | 8.74% | 7.90% | 7.41% | 5.05% | 10.35% | 6.19% | 8.64% | 7.25% | 6.55% | 5.72% |
SRVR Pacer Benchmark Data & Infrastructure Real Estate SCTR ETF | 2.59% | 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.
SRVR has higher volatility (5.66%) compared to KBWY (4.85%). In terms of maximum drawdown, KBWY dropped -57.68% vs SRVR's -40.99%.
On 5-year performance, KBWY leads with 3.00% vs -1.27% for SRVR. On fees, KBWY is cheaper at 0.35% per year. On volatility, KBWY has been the lower-risk option at 4.85%. 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 3.00% return vs -1.27%. 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 0.60% for SRVR.
KBWY has the higher dividend yield at 8.28%, compared with 2.59% for SRVR.
KBWY tracks KBW Nasdaq Premium Yield Equity REIT Index, while SRVR tracks Benchmark Data & Infrastructure Real Estate SCTR Index. They also come from different issuers: Invesco and Pacer. Their fees differ too: 0.35% for KBWY and 0.60% for SRVR.
KBWY currently has the higher Sharpe Ratio (1.50 vs 0.34), 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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