PK vs. KBWY
Compare and contrast key facts about Park Hotels & Resorts Inc. (PK) and Invesco KBW Premium Yield Equity REIT ETF (KBWY).
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.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: PK or KBWY.
Key characteristics
| PK | KBWY | |
|---|---|---|
| YTD Return | 8.74% | -7.49% |
| 1Y Return | 38.58% | 18.63% |
| 3Y Return (Ann) | -3.09% | -0.33% |
| 5Y Return (Ann) | -6.29% | -2.96% |
| Sharpe Ratio | 1.23 | 0.86 |
| Daily Std Dev | 33.00% | 25.95% |
| Max Drawdown | -84.22% | -57.68% |
| Current Drawdown | -33.66% | -22.87% |
Correlation
The correlation between PK and KBWY is 0.63, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
PK vs. KBWY - Performance Comparison
In the year-to-date period, PK achieves a 8.74% return, which is significantly higher than KBWY's -7.49% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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Risk-Adjusted Performance
PK vs. KBWY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Park Hotels & Resorts Inc. (PK) 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
PK vs. KBWY - Dividend Comparison
PK's dividend yield for the trailing twelve months is around 13.72%, more than KBWY's 8.64% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PK Park Hotels & Resorts Inc. | 13.72% | 14.05% | 2.37% | 0.00% | 2.62% | 7.34% | 10.52% | 16.01% | 0.00% | 0.00% | 0.00% | 0.00% |
KBWY Invesco KBW Premium Yield Equity REIT ETF | 8.64% | 7.90% | 7.41% | 5.05% | 10.35% | 6.19% | 8.64% | 7.25% | 6.55% | 5.72% | 4.57% | 4.85% |
Drawdowns
PK vs. KBWY - Drawdown Comparison
The maximum PK drawdown since its inception was -84.22%, which is greater than KBWY's maximum drawdown of -57.68%. Use the drawdown chart below to compare losses from any high point for PK and KBWY. For additional features, visit the drawdowns tool.
Volatility
PK vs. KBWY - Volatility Comparison
Park Hotels & Resorts Inc. (PK) has a higher volatility of 7.20% compared to Invesco KBW Premium Yield Equity REIT ETF (KBWY) at 3.89%. This indicates that PK'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.