KBWY vs. VRAI
KBWY (Invesco KBW Premium Yield Equity REIT ETF) and VRAI (Virtus Real Asset Income ETF) are both REIT funds - KBWY tracks the KBW Premium Yield Equity REIT Index while VRAI tracks the Indxx Real Asset Income Index. Both are passively managed. Over the past 5 years, KBWY returned 2.59%/yr vs 5.64%/yr for VRAI. A 0.75 correlation means they provide meaningful diversification when combined. KBWY charges 0.35%/yr vs 0.55%/yr for VRAI.
Performance
KBWY vs. VRAI - Performance Comparison
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Returns By Period
In the year-to-date period, KBWY achieves a 19.61% return, which is significantly lower than VRAI's 22.49% return.
KBWY
- 1D
- 2.17%
- 1M
- 5.12%
- YTD
- 19.61%
- 6M
- 21.19%
- 1Y
- 25.66%
- 3Y*
- 10.27%
- 5Y*
- 2.59%
- 10Y*
- 1.43%
VRAI
- 1D
- 1.14%
- 1M
- 0.11%
- YTD
- 22.49%
- 6M
- 19.28%
- 1Y
- 29.47%
- 3Y*
- 12.52%
- 5Y*
- 5.64%
- 10Y*
- —
KBWY vs. VRAI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
KBWY Invesco KBW Premium Yield Equity REIT ETF | 19.61% | -5.30% | -3.49% | 12.88% | -19.00% | 31.22% | -25.83% | 3.10% |
VRAI Virtus Real Asset Income ETF | 22.49% | 6.67% | 2.66% | 6.12% | -9.96% | 24.35% | -5.94% | 5.61% |
Correlation
The correlation between KBWY and VRAI is 0.55, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.55 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.68 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.71 |
Correlation (All Time) Calculated using the full available price history since Feb 11, 2019 | 0.75 |
The correlation between KBWY and VRAI shifts across timeframes, from 0.55 (1 year) to 0.75 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
KBWY vs. VRAI — Risk / Return Rank
KBWY
VRAI
KBWY vs. VRAI - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco KBW Premium Yield Equity REIT ETF (KBWY) and Virtus Real Asset Income ETF (VRAI). 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 | VRAI | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.95 | ||
| Sortino ratioReturn per unit of downside risk | -1.30 | ||
| Omega ratioGain probability vs. loss probability | 1.26 | 1.44 | -0.17 |
| Calmar ratioReturn relative to maximum drawdown | 2.79 | 6.14 | -3.36 |
| Martin ratioReturn relative to average drawdown | 6.63 | 19.39 | -12.76 |
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 | VRAI | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.56 | 2.50 | -0.95 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.12 | 0.34 | -0.22 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.05 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.20 | 0.29 | -0.09 |
Drawdowns
KBWY vs. VRAI - Drawdown Comparison
The maximum KBWY drawdown since its inception was -57.68%, which is greater than VRAI's maximum drawdown of -47.51%. Use the drawdown chart below to compare losses from any high point for KBWY and VRAI.
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Drawdown Indicators
| KBWY | VRAI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -57.68% | -47.51% | -10.17% |
Max Drawdown (1Y)Largest decline over 1 year | -9.24% | -4.82% | -4.42% |
Max Drawdown (3Y)Largest decline over 3 years | -29.93% | -16.89% | -13.04% |
Max Drawdown (5Y)Largest decline over 5 years | -32.29% | -26.71% | -5.58% |
Max Drawdown (10Y)Largest decline over 10 years | -57.68% | — | — |
Current DrawdownCurrent decline from peak | -8.88% | 0.00% | -8.88% |
Average DrawdownAverage peak-to-trough decline | -14.18% | -10.09% | -4.09% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.88% | 1.52% | +2.36% |
Volatility
KBWY vs. VRAI - Volatility Comparison
Invesco KBW Premium Yield Equity REIT ETF (KBWY) has a higher volatility of 4.49% compared to Virtus Real Asset Income ETF (VRAI) at 3.63%. This indicates that KBWY's price experiences larger fluctuations and is considered to be riskier than VRAI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| KBWY | VRAI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.49% | 3.63% | +0.86% |
Volatility (6M)Calculated over the trailing 6-month period | 11.79% | 8.47% | +3.32% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.56% | 11.88% | +4.68% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.63% | 16.65% | +4.98% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 27.05% | 22.13% | +4.92% |
KBWY vs. VRAI - Expense Ratio Comparison
KBWY has a 0.35% expense ratio, which is lower than VRAI's 0.55% expense ratio.
Dividends
KBWY vs. VRAI - Dividend Comparison
KBWY's dividend yield for the trailing twelve months is around 8.46%, more than VRAI's 3.19% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
KBWY Invesco KBW Premium Yield Equity REIT ETF | 8.46% | 9.79% | 8.74% | 7.90% | 7.41% | 5.05% | 10.35% | 6.19% | 8.64% | 7.25% | 6.55% | 5.72% |
VRAI Virtus Real Asset Income ETF | 3.19% | 4.68% | 7.13% | 5.02% | 4.48% | 3.34% | 3.91% | 2.80% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
KBWY and VRAI have a correlation of 0.55, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
KBWY has higher volatility (4.49%) compared to VRAI (3.63%). In terms of maximum drawdown, KBWY dropped -57.68% vs VRAI's -47.51%.
On 5-year performance, VRAI leads with 5.64% vs 2.59% for KBWY. On fees, KBWY is cheaper at 0.35% per year. On volatility, VRAI has been the lower-risk option at 3.63%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, VRAI has performed better with a 5.64% return vs 2.59%. 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 0.55% for VRAI.
KBWY has the higher dividend yield at 8.46%, compared with 3.19% for VRAI.
KBWY tracks KBW Premium Yield Equity REIT Index, while VRAI tracks Indxx Real Asset Income Index. They also come from different issuers: Invesco and Virtus Investment Partners. Their fees differ too: 0.35% for KBWY and 0.55% for VRAI.
VRAI currently has the higher Sharpe Ratio (2.50 vs 1.56), 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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