RDOG vs. KBWD
RDOG (ALPS REIT Dividend Dogs ETF) and KBWD (Invesco KBW High Dividend Yield Financial ETF) are both exchange-traded funds - RDOG is a REIT fund tracking the S-Network REIT Dividend Dogs Index, while KBWD is a Financials Equities fund tracking the KBW Nasdaq Financial Sector Dividend Yield Index. Both are passively managed. Over the past 10 years, RDOG returned 4.49%/yr vs 5.03%/yr for KBWD. A 0.65 correlation means they provide meaningful diversification when combined. RDOG charges 0.35%/yr vs 5.39%/yr for KBWD.
Performance
RDOG vs. KBWD - Performance Comparison
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Returns By Period
In the year-to-date period, RDOG achieves a 17.52% return, which is significantly higher than KBWD's -5.53% return. Over the past 10 years, RDOG has underperformed KBWD with an annualized return of 4.49%, while KBWD has yielded a comparatively higher 5.03% annualized return.
RDOG
- 1D
- 1.34%
- 1M
- 2.64%
- YTD
- 17.52%
- 6M
- 19.48%
- 1Y
- 20.13%
- 3Y*
- 13.65%
- 5Y*
- 2.58%
- 10Y*
- 4.49%
KBWD
- 1D
- 0.83%
- 1M
- -1.47%
- YTD
- -5.53%
- 6M
- -5.36%
- 1Y
- 1.75%
- 3Y*
- 5.35%
- 5Y*
- 0.47%
- 10Y*
- 5.03%
RDOG vs. KBWD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
RDOG ALPS REIT Dividend Dogs ETF | 17.52% | 0.95% | 4.57% | 10.38% | -25.53% | 34.42% | -10.01% | 21.54% | -5.70% | 11.84% |
KBWD Invesco KBW High Dividend Yield Financial ETF | -5.53% | 5.59% | 4.30% | 20.21% | -19.14% | 31.89% | -15.58% | 20.72% | -8.70% | 12.06% |
Correlation
The correlation between RDOG and KBWD is 0.64, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.64 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.73 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.74 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.64 |
Correlation (All Time) Calculated using the full available price history since Dec 2, 2010 | 0.65 |
The correlation between RDOG and KBWD has been stable across timeframes, ranging from 0.64 to 0.74 - a consistent structural relationship.
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Return for Risk
RDOG vs. KBWD — Risk / Return Rank
RDOG
KBWD
RDOG vs. KBWD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ALPS REIT Dividend Dogs ETF (RDOG) and Invesco KBW High Dividend Yield Financial ETF (KBWD). 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.
| RDOG | KBWD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.25 | ||
| Sortino ratioReturn per unit of downside risk | +1.73 | ||
| Omega ratioGain probability vs. loss probability | 1.23 | 1.03 | +0.20 |
| Calmar ratioReturn relative to maximum drawdown | 2.02 | 0.12 | +1.90 |
| Martin ratioReturn relative to average drawdown | 6.52 | 0.28 | +6.24 |
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Drawdowns
RDOG vs. KBWD - Drawdown Comparison
The maximum RDOG drawdown since its inception was -67.59%, which is greater than KBWD's maximum drawdown of -58.63%. Use the drawdown chart below to compare losses from any high point for RDOG and KBWD.
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Drawdown Indicators
| RDOG | KBWD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -67.59% | -58.63% | -8.96% |
Max Drawdown (1Y)Largest decline over 1 year | -10.02% | -15.05% | +5.03% |
Max Drawdown (3Y)Largest decline over 3 years | -21.40% | -19.65% | -1.75% |
Max Drawdown (5Y)Largest decline over 5 years | -35.52% | -30.74% | -4.78% |
Max Drawdown (10Y)Largest decline over 10 years | -49.35% | -58.63% | +9.28% |
Current DrawdownCurrent decline from peak | -1.08% | -12.25% | +11.17% |
Average DrawdownAverage peak-to-trough decline | -12.23% | -7.42% | -4.81% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.10% | 6.35% | -3.25% |
Volatility
RDOG vs. KBWD - Volatility Comparison
The current volatility for ALPS REIT Dividend Dogs ETF (RDOG) is 4.55%, while Invesco KBW High Dividend Yield Financial ETF (KBWD) has a volatility of 4.99%. This indicates that RDOG experiences smaller price fluctuations and is considered to be less risky than KBWD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| RDOG | KBWD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.55% | 4.99% | -0.44% |
Volatility (6M)Calculated over the trailing 6-month period | 11.04% | 12.57% | -1.53% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.91% | 15.67% | -0.76% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.85% | 19.84% | +0.01% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 23.05% | 23.26% | -0.21% |
RDOG vs. KBWD - Expense Ratio Comparison
RDOG has a 0.35% expense ratio, which is lower than KBWD's 5.39% expense ratio.
Dividends
RDOG vs. KBWD - Dividend Comparison
RDOG's dividend yield for the trailing twelve months is around 6.21%, less than KBWD's 14.50% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
KBWD Invesco KBW High Dividend Yield Financial ETF | 14.50% | 12.83% | 12.45% | 11.45% | 11.32% | 7.26% | 9.68% | 8.63% | 9.47% | 8.77% | 8.68% | 8.89% |
RDOG ALPS REIT Dividend Dogs ETF | 6.21% | 6.91% | 6.11% | 7.07% | 5.25% | 3.11% | 5.12% | 3.10% | 3.13% | 3.64% | 3.66% | 3.43% |
Frequently Asked Questions
RDOG and KBWD have a correlation of 0.64, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
KBWD has higher volatility (4.99%) compared to RDOG (4.55%). In terms of maximum drawdown, RDOG dropped -67.59% vs KBWD's -58.63%.
On 10-year performance, KBWD leads with 5.03% vs 4.49% for RDOG. On fees, RDOG is cheaper at 0.35% per year. On volatility, RDOG has been the lower-risk option at 4.55%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 10-year period, KBWD has performed better with a 5.03% return vs 4.49%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
RDOG is cheaper with a 0.35% expense ratio, compared with 5.39% for KBWD.
KBWD has the higher dividend yield at 14.50%, compared with 6.21% for RDOG.
RDOG is categorized as REIT, while KBWD is Financials Equities. RDOG tracks S-Network REIT Dividend Dogs Index, while KBWD tracks KBW Nasdaq Financial Sector Dividend Yield Index. They also come from different issuers: SS&C and Invesco. Their fees differ too: 0.35% for RDOG and 5.39% for KBWD.
RDOG currently has the higher Sharpe Ratio (1.36 vs 0.11), 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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