NURE vs. KBWY
Compare and contrast key facts about Nuveen Short-Term REIT ETF (NURE) and Invesco KBW Premium Yield Equity REIT ETF (KBWY).
NURE and KBWY are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. NURE is a passively managed fund by Nuveen that tracks the performance of the Dow Jones U.S. Select Short-Term REIT Index. It was launched on Dec 19, 2016. KBWY is a passively managed fund by Invesco that tracks the performance of the KBW Premium Yield Equity REIT Index. It was launched on Dec 2, 2010. Both NURE and KBWY are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: NURE or KBWY.
Performance
NURE vs. KBWY - Performance Comparison
Returns By Period
In the year-to-date period, NURE achieves a 11.54% return, which is significantly higher than KBWY's 5.05% return.
NURE
11.54%
1.95%
13.83%
25.98%
5.26%
N/A
KBWY
5.05%
-4.04%
18.00%
20.01%
-0.71%
1.93%
Key characteristics
| NURE | KBWY | |
|---|---|---|
| Sharpe Ratio | 1.65 | 1.01 |
| Sortino Ratio | 2.33 | 1.51 |
| Omega Ratio | 1.28 | 1.19 |
| Calmar Ratio | 0.90 | 0.71 |
| Martin Ratio | 7.66 | 2.36 |
| Ulcer Index | 3.44% | 8.76% |
| Daily Std Dev | 16.04% | 20.40% |
| Max Drawdown | -46.05% | -57.68% |
| Current Drawdown | -10.85% | -12.40% |
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NURE vs. KBWY - Expense Ratio Comparison
Both NURE and KBWY have an expense ratio of 0.35%.
Correlation
The correlation between NURE and KBWY is 0.73, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Risk-Adjusted Performance
NURE vs. KBWY - Risk-Adjusted Performance 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.
Dividends
NURE vs. KBWY - Dividend Comparison
NURE's dividend yield for the trailing twelve months is around 3.50%, less than KBWY's 7.99% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
NURE Nuveen Short-Term REIT ETF | 3.50% | 3.74% | 2.81% | 1.34% | 2.88% | 3.28% | 4.11% | 3.82% | 0.48% | 0.00% | 0.00% | 0.00% |
KBWY Invesco KBW Premium Yield Equity REIT ETF | 7.99% | 7.90% | 7.41% | 5.06% | 10.35% | 6.19% | 8.64% | 7.25% | 6.55% | 5.72% | 4.57% | 4.85% |
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. For additional features, visit the drawdowns tool.
Volatility
NURE vs. KBWY - Volatility Comparison
Nuveen Short-Term REIT ETF (NURE) has a higher volatility of 4.98% compared to Invesco KBW Premium Yield Equity REIT ETF (KBWY) at 4.47%. This indicates that NURE's price experiences larger fluctuations and is considered to be riskier than KBWY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.