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. Over the past year, KBWY returned 32.85% vs 10.04% for XLRI. Their 0.70 correlation means they have sometimes moved together and sometimes differently. Both charge a 0.35% expense ratio.
Performance
KBWY vs. XLRI - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, KBWY achieves a 25.77% return, which is significantly higher than XLRI's 7.92% return.
KBWY
- 1D
- 0.27%
- 1M
- -1.71%
- 6M
- 21.14%
- YTD
- 25.77%
- 1Y
- 32.85%
- 3Y*
- 7.89%
- 5Y*
- 3.27%
- 10Y*
- 0.64%
- ALL TIME*
- 5.23%
XLRI
- 1D
- -0.49%
- 1M
- 0.85%
- 6M
- 6.33%
- YTD
- 7.92%
- 1Y
- 10.04%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 7.22%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $2.71M | $2.79M | $2.54M | |
| $67.65K | $68.45K | $64.14K |
KBWY vs. XLRI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
KBWY Invesco KBW Premium Yield Equity REIT ETF | 25.77% | 1.82% |
XLRI State Street Real Estate Select Sector SPDR Premium Income ETF | 7.92% | -0.57% |
Correlation
The correlation between KBWY and XLRI is 0.70, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.70 |
Correlation (All Time) Calculated using the full available price history since Jul 30, 2025 | 0.70 |
The correlation between KBWY and XLRI has been stable across timeframes, ranging from 0.70 to 0.70 - a consistent structural relationship.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
KBWY vs. XLRI — Risk / Return Rank
KBWY
XLRI
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 | +1.09 | ||
| Sortino ratioReturn per unit of downside risk | +1.58 | ||
| Omega ratioGain probability vs. loss probability | 1.34 | 1.17 | +0.17 |
| Calmar ratioReturn relative to maximum drawdown | 3.57 | 1.42 | +2.15 |
| Martin ratioReturn relative to average drawdown | 8.89 | 4.95 | +3.94 |
Loading charts...
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.
Loading charts...
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% | -7.12% | -2.12% |
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 | -4.19% | -1.11% | -3.08% |
Average DrawdownAverage peak-to-trough decline | -14.08% | -1.54% | -12.54% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.70% | 2.03% | +1.67% |
Volatility
KBWY vs. XLRI - Volatility Comparison
Invesco KBW Premium Yield Equity REIT ETF (KBWY) has a higher volatility of 4.35% compared to State Street Real Estate Select Sector SPDR Premium Income ETF (XLRI) at 3.34%. This indicates that KBWY's price experiences larger fluctuations and is considered to be riskier than XLRI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| KBWY | XLRI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.35% | 3.34% | +1.01% |
Volatility (6M)Calculated over the trailing 6-month period | 12.23% | 8.74% | +3.49% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.50% | 11.02% | +5.48% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.56% | 11.10% | +10.46% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 27.07% | 11.10% | +15.97% |
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 8.09%, less than XLRI's 14.37% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
KBWY Invesco KBW Premium Yield Equity REIT ETF | 8.09% | 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 | 14.37% | 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 0.70, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
KBWY has higher volatility (4.35%) compared to XLRI (3.34%). In terms of maximum drawdown, KBWY dropped -57.68% vs XLRI's -7.12%.
On 1-year performance, KBWY leads with 32.85% vs 10.04% for XLRI. Both ETFs have the same 0.35% expense ratio. On volatility, XLRI has been the lower-risk option at 3.34%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, KBWY has performed better with a 32.85% return vs 10.04%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
KBWY and XLRI have the same expense ratio: 0.35% per year.
XLRI has the higher dividend yield at 14.37%, compared with 8.09% for KBWY.
KBWY is categorized as REIT, while XLRI is Derivative Income. They also come from different issuers: Invesco and State Street.
KBWY currently has the higher Sharpe Ratio (2.00 vs 0.92), 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.
Find the right allocation for KBWY and XLRI
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer