NURE vs. KBWY
NURE (Nuveen Short-Term REIT ETF) and KBWY (Invesco KBW Premium Yield Equity REIT ETF) are both REIT funds - NURE tracks the Dow Jones U.S. Select Short-Term REIT Index while KBWY tracks the KBW Nasdaq Premium Yield Equity REIT Index. Both are passively managed. Over the past 5 years, NURE returned 1.78%/yr vs 3.00%/yr for KBWY. A 0.75 correlation means they provide meaningful diversification when combined. Both charge a 0.35% expense ratio.
Performance
NURE vs. KBWY - Performance Comparison
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Returns By Period
In the year-to-date period, NURE achieves a 14.93% return, which is significantly lower than KBWY's 22.56% return.
NURE
- 1D
- 0.84%
- 1M
- 4.01%
- YTD
- 14.93%
- 6M
- 15.97%
- 1Y
- 10.47%
- 3Y*
- 7.27%
- 5Y*
- 1.78%
- 10Y*
- —
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%
NURE vs. KBWY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
NURE Nuveen Short-Term REIT ETF | 14.93% | -7.51% | 6.65% | 13.09% | -28.48% | 53.41% | -7.24% | 25.10% | 0.02% | 8.41% |
KBWY Invesco KBW Premium Yield Equity REIT ETF | 22.56% | -5.30% | -3.49% | 12.88% | -19.00% | 31.22% | -25.83% | 23.36% | -18.20% | 0.81% |
Correlation
The correlation between NURE and KBWY is 0.83, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.83 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.83 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.81 |
Correlation (All Time) Calculated using the full available price history since Dec 20, 2016 | 0.75 |
The correlation between NURE and KBWY has been stable across timeframes, ranging from 0.75 to 0.83 - a consistent structural relationship.
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Return for Risk
NURE vs. KBWY — Risk / Return Rank
NURE
KBWY
NURE vs. KBWY - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Nuveen Short-Term REIT ETF (NURE) and Invesco KBW Premium Yield Equity REIT ETF (KBWY). 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.
| NURE | KBWY | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.85 | ||
| Sortino ratioReturn per unit of downside risk | -1.12 | ||
| Omega ratioGain probability vs. loss probability | 1.12 | 1.25 | -0.13 |
| Calmar ratioReturn relative to maximum drawdown | 1.15 | 2.72 | -1.57 |
| Martin ratioReturn relative to average drawdown | 2.39 | 6.48 | -4.08 |
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Drawdowns
NURE vs. KBWY - Drawdown Comparison
The maximum NURE drawdown since its inception was -46.05%, smaller than the maximum KBWY drawdown of -57.68%. Use the drawdown chart below to compare losses from any high point for NURE and KBWY.
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Drawdown Indicators
| NURE | KBWY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -46.05% | -57.68% | +11.63% |
Max Drawdown (1Y)Largest decline over 1 year | -9.13% | -9.24% | +0.11% |
Max Drawdown (3Y)Largest decline over 3 years | -21.03% | -29.93% | +8.90% |
Max Drawdown (5Y)Largest decline over 5 years | -35.98% | -32.29% | -3.69% |
Max Drawdown (10Y)Largest decline over 10 years | — | -57.68% | — |
Current DrawdownCurrent decline from peak | -9.39% | -6.64% | -2.75% |
Average DrawdownAverage peak-to-trough decline | -12.28% | -14.15% | +1.87% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.38% | 3.88% | +0.50% |
Volatility
NURE vs. KBWY - Volatility Comparison
The current volatility for Nuveen Short-Term REIT ETF (NURE) is 4.29%, while Invesco KBW Premium Yield Equity REIT ETF (KBWY) has a volatility of 4.85%. This indicates that NURE experiences smaller price fluctuations and is considered to be less risky than KBWY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| NURE | KBWY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.29% | 4.85% | -0.56% |
Volatility (6M)Calculated over the trailing 6-month period | 11.62% | 12.16% | -0.54% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.02% | 16.79% | -0.77% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.67% | 21.61% | -1.94% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.78% | 27.08% | -5.30% |
NURE vs. KBWY - Expense Ratio Comparison
Both NURE and KBWY have an expense ratio of 0.35%.
Dividends
NURE vs. KBWY - Dividend Comparison
NURE's dividend yield for the trailing twelve months is around 4.33%, less than KBWY's 8.28% 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% |
NURE Nuveen Short-Term REIT ETF | 4.33% | 4.56% | 3.51% | 3.73% | 2.80% | 1.34% | 3.41% | 3.28% | 4.11% | 3.86% | 0.48% | 0.00% |
Frequently Asked Questions
NURE and KBWY have a correlation of 0.83, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
KBWY has higher volatility (4.85%) compared to NURE (4.29%). In terms of maximum drawdown, NURE dropped -46.05% vs KBWY's -57.68%.
On 5-year performance, KBWY leads with 3.00% vs 1.78% for NURE. Both ETFs have the same 0.35% expense ratio. On volatility, NURE has been the lower-risk option at 4.29%. 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 1.78%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
NURE and KBWY have the same expense ratio: 0.35% per year.
KBWY has the higher dividend yield at 8.28%, compared with 4.33% for NURE.
NURE tracks Dow Jones U.S. Select Short-Term REIT Index, while KBWY tracks KBW Nasdaq Premium Yield Equity REIT Index. They also come from different issuers: Nuveen and Invesco.
KBWY currently has the higher Sharpe Ratio (1.50 vs 0.66), 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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