PFFR vs. KBWY
PFFR (InfraCap REIT Preferred ETF) and KBWY (Invesco KBW Premium Yield Equity REIT ETF) are both exchange-traded funds - PFFR is a Preferred Stock/Convertible Bonds fund tracking the Indxx REIT Preferred Stock Index, while KBWY is a REIT fund tracking the KBW Premium Yield Equity REIT Index. Both are passively managed. Over the past 5 years, PFFR returned 1.03%/yr vs 2.70%/yr for KBWY. At a 0.40 correlation, their price movements are largely independent. PFFR charges 0.45%/yr vs 0.35%/yr for KBWY.
Performance
PFFR vs. KBWY - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, PFFR achieves a 1.09% return, which is significantly lower than KBWY's 20.24% return.
PFFR
- 1D
- 0.00%
- 1M
- -0.90%
- YTD
- 1.09%
- 6M
- 0.75%
- 1Y
- 7.30%
- 3Y*
- 9.05%
- 5Y*
- 1.03%
- 10Y*
- —
KBWY
- 1D
- 0.53%
- 1M
- 4.67%
- YTD
- 20.24%
- 6M
- 22.35%
- 1Y
- 26.48%
- 3Y*
- 9.44%
- 5Y*
- 2.70%
- 10Y*
- 1.39%
PFFR vs. KBWY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
PFFR InfraCap REIT Preferred ETF | 1.09% | 5.36% | 7.12% | 21.04% | -23.90% | 6.76% | 0.19% | 20.28% | -7.45% | 7.60% |
KBWY Invesco KBW Premium Yield Equity REIT ETF | 20.24% | -5.30% | -3.49% | 12.88% | -19.00% | 31.22% | -25.83% | 23.36% | -18.20% | 0.70% |
Correlation
The correlation between PFFR and KBWY is 0.35, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.35 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.38 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.40 |
Correlation (All Time) Calculated using the full available price history since Feb 9, 2017 | 0.40 |
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
PFFR vs. KBWY — Risk / Return Rank
PFFR
KBWY
PFFR vs. KBWY - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for InfraCap REIT Preferred ETF (PFFR) 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.
| PFFR | KBWY | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.67 | ||
| Sortino ratioReturn per unit of downside risk | -0.94 | ||
| Omega ratioGain probability vs. loss probability | 1.17 | 1.27 | -0.10 |
| Calmar ratioReturn relative to maximum drawdown | 1.12 | 2.88 | -1.76 |
| Martin ratioReturn relative to average drawdown | 2.61 | 6.84 | -4.24 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading charts...
Sharpe Ratios by Period
| PFFR | KBWY | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.93 | 1.61 | -0.67 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.10 | 0.13 | -0.03 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.05 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.16 | 0.20 | -0.05 |
Drawdowns
PFFR vs. KBWY - Drawdown Comparison
The maximum PFFR drawdown since its inception was -53.02%, smaller than the maximum KBWY drawdown of -57.68%. Use the drawdown chart below to compare losses from any high point for PFFR and KBWY.
Loading charts...
Drawdown Indicators
| PFFR | KBWY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -53.02% | -57.68% | +4.66% |
Max Drawdown (1Y)Largest decline over 1 year | -6.57% | -9.24% | +2.67% |
Max Drawdown (3Y)Largest decline over 3 years | -11.16% | -29.93% | +18.77% |
Max Drawdown (5Y)Largest decline over 5 years | -29.80% | -32.29% | +2.49% |
Max Drawdown (10Y)Largest decline over 10 years | — | -57.68% | — |
Current DrawdownCurrent decline from peak | -2.78% | -8.40% | +5.62% |
Average DrawdownAverage peak-to-trough decline | -6.99% | -14.18% | +7.19% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.81% | 3.88% | -1.07% |
Volatility
PFFR vs. KBWY - Volatility Comparison
The current volatility for InfraCap REIT Preferred ETF (PFFR) is 2.80%, while Invesco KBW Premium Yield Equity REIT ETF (KBWY) has a volatility of 4.44%. This indicates that PFFR 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.
Loading charts...
Volatility by Period
| PFFR | KBWY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.80% | 4.44% | -1.64% |
Volatility (6M)Calculated over the trailing 6-month period | 6.14% | 11.79% | -5.65% |
Volatility (1Y)Calculated over the trailing 1-year period | 7.86% | 16.56% | -8.70% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 10.46% | 21.63% | -11.17% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.53% | 27.05% | -6.52% |
PFFR vs. KBWY - Expense Ratio Comparison
PFFR has a 0.45% expense ratio, which is higher than KBWY's 0.35% expense ratio.
Dividends
PFFR vs. KBWY - Dividend Comparison
PFFR's dividend yield for the trailing twelve months is around 8.27%, less than KBWY's 8.42% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
KBWY Invesco KBW Premium Yield Equity REIT ETF | 8.42% | 9.79% | 8.74% | 7.90% | 7.41% | 5.05% | 10.35% | 6.19% | 8.64% | 7.25% | 6.55% | 5.72% |
PFFR InfraCap REIT Preferred ETF | 8.27% | 7.99% | 7.78% | 7.72% | 8.60% | 6.08% | 6.11% | 5.77% | 6.48% | 6.59% | 0.00% | 0.00% |
Frequently Asked Questions
PFFR and KBWY have a correlation of 0.35, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
KBWY has higher volatility (4.44%) compared to PFFR (2.80%). In terms of maximum drawdown, PFFR dropped -53.02% vs KBWY's -57.68%.
On 5-year performance, KBWY leads with 2.70% vs 1.03% for PFFR. On fees, KBWY is cheaper at 0.35% per year. On volatility, PFFR has been the lower-risk option at 2.80%. 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 2.70% return vs 1.03%. 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 0.45% for PFFR.
KBWY has the higher dividend yield at 8.42%, compared with 8.27% for PFFR.
PFFR is categorized as Preferred Stock/Convertible Bonds, while KBWY is REIT. PFFR tracks Indxx REIT Preferred Stock Index, while KBWY tracks KBW Premium Yield Equity REIT Index. They also come from different issuers: Virtus Investment Partners and Invesco. Their fees differ too: 0.45% for PFFR and 0.35% for KBWY.
KBWY currently has the higher Sharpe Ratio (1.61 vs 0.93), 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 PFFR and KBWY
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