KBWY vs. XLRI
KBWY (Invesco KBW Premium Yield Equity REIT ETF) and XLRI (State Street Real Estate Select Sector SPDR Premium Income ETF) are both exchange-traded funds - KBWY is a REIT fund tracking the KBW Nasdaq Premium Yield Equity REIT Index, while XLRI is a Derivative Income fund actively managed by State Street. KBWY is passively managed, while XLRI is actively managed. A 0.71 correlation means they provide meaningful diversification when combined. Both charge a 0.35% expense ratio.
Performance
KBWY vs. XLRI - 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 XLRI's 6.71% 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%
XLRI
- 1D
- 1.31%
- 1M
- 1.23%
- YTD
- 6.71%
- 6M
- 7.39%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
KBWY vs. XLRI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
KBWY Invesco KBW Premium Yield Equity REIT ETF | 22.56% | 1.82% |
XLRI State Street Real Estate Select Sector SPDR Premium Income ETF | 6.71% | -0.57% |
Correlation
The correlation between KBWY and XLRI is 0.71, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Jul 30, 2025 | 0.71 |
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Return for Risk
KBWY vs. XLRI — Risk / Return Rank
KBWY
XLRI
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
KBWY vs. XLRI - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco KBW Premium Yield Equity REIT ETF (KBWY) and State Street Real Estate Select Sector SPDR Premium Income ETF (XLRI). 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 | XLRI | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.25 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 2.72 | — | — |
| Martin ratioReturn relative to average drawdown | 6.48 | — | — |
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Drawdowns
KBWY vs. XLRI - Drawdown Comparison
The maximum KBWY drawdown since its inception was -57.68%, which is greater than XLRI's maximum drawdown of -7.12%. Use the drawdown chart below to compare losses from any high point for KBWY and XLRI.
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Drawdown Indicators
| KBWY | XLRI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -57.68% | -7.12% | -50.56% |
Max Drawdown (1Y)Largest decline over 1 year | -9.24% | — | — |
Max Drawdown (3Y)Largest decline over 3 years | -29.93% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -32.29% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -57.68% | — | — |
Current DrawdownCurrent decline from peak | -6.64% | -0.54% | -6.10% |
Average DrawdownAverage peak-to-trough decline | -14.15% | -1.65% | -12.50% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.88% | — | — |
Volatility
KBWY vs. XLRI - Volatility Comparison
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Volatility by Period
| KBWY | XLRI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.85% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 12.16% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 16.79% | 10.99% | +5.80% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.61% | 10.99% | +10.62% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 27.08% | 10.99% | +16.09% |
KBWY vs. XLRI - Expense Ratio Comparison
Both KBWY and XLRI have an expense ratio of 0.35%.
Dividends
KBWY vs. XLRI - Dividend Comparison
KBWY's dividend yield for the trailing twelve months is around 8.28%, less than XLRI's 12.24% 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% |
XLRI State Street Real Estate Select Sector SPDR Premium Income ETF | 12.24% | 6.85% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
KBWY and XLRI have a correlation of 0.71, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
Both ETFs have the same 0.35% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
KBWY and XLRI have the same expense ratio: 0.35% per year.
XLRI has the higher dividend yield at 12.24%, compared with 8.28% for KBWY.
KBWY is categorized as REIT, while XLRI is Derivative Income. They also come from different issuers: Invesco and State Street.
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