RDOG vs. KBWY
RDOG (ALPS REIT Dividend Dogs ETF) and KBWY (Invesco KBW Premium Yield Equity REIT ETF) are both REIT funds - RDOG tracks the S-Network REIT Dividend Dogs Index while KBWY tracks the KBW Premium Yield Equity REIT Index. Both are passively managed. Over the past 10 years, RDOG returned 4.14%/yr vs 1.26%/yr for KBWY. Their correlation of 0.82 suggests significant overlap in exposure. Both charge a 0.35% expense ratio.
Performance
RDOG vs. KBWY - Performance Comparison
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Returns By Period
In the year-to-date period, RDOG achieves a 14.68% return, which is significantly lower than KBWY's 18.02% return. Over the past 10 years, RDOG has outperformed KBWY with an annualized return of 4.14%, while KBWY has yielded a comparatively lower 1.26% annualized return.
RDOG
- 1D
- 0.35%
- 1M
- 3.37%
- YTD
- 14.68%
- 6M
- 15.68%
- 1Y
- 21.50%
- 3Y*
- 11.70%
- 5Y*
- 2.37%
- 10Y*
- 4.14%
KBWY
- 1D
- 0.93%
- 1M
- 4.96%
- YTD
- 18.02%
- 6M
- 18.08%
- 1Y
- 24.22%
- 3Y*
- 9.40%
- 5Y*
- 2.26%
- 10Y*
- 1.26%
RDOG vs. KBWY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
RDOG ALPS REIT Dividend Dogs ETF | 14.68% | 0.95% | 4.57% | 10.38% | -25.53% | 34.42% | -10.01% | 21.54% | -5.70% | 11.84% |
KBWY Invesco KBW Premium Yield Equity REIT ETF | 18.02% | -5.30% | -3.49% | 12.88% | -19.00% | 31.22% | -25.83% | 23.36% | -18.20% | 0.81% |
Correlation
The correlation between RDOG and KBWY is 0.95 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.95 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.96 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.95 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.86 |
Correlation (All Time) Calculated using the full available price history since Dec 3, 2010 | 0.82 |
The correlation between RDOG and KBWY shifts across timeframes, from 0.82 (all time) to 0.96 (3 years), reflecting how their relationship changes across market environments.
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Return for Risk
RDOG vs. KBWY — Risk / Return Rank
RDOG
KBWY
RDOG vs. KBWY - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ALPS REIT Dividend Dogs ETF (RDOG) 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.
| RDOG | KBWY | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.49 | 1.48 | +0.01 |
Sortino ratioReturn per unit of downside risk | 2.16 | 2.14 | +0.03 |
Omega ratioGain probability vs. loss probability | 1.25 | 1.25 | 0.00 |
Calmar ratioReturn relative to maximum drawdown | 2.14 | 2.60 | -0.46 |
Martin ratioReturn relative to average drawdown | 6.95 | 6.20 | +0.75 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| RDOG | KBWY | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.49 | 1.48 | +0.01 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.12 | 0.11 | +0.01 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.18 | 0.05 | +0.13 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.17 | 0.20 | -0.03 |
Drawdowns
RDOG vs. KBWY - Drawdown Comparison
The maximum RDOG drawdown since its inception was -67.59%, which is greater than KBWY's maximum drawdown of -57.68%. Use the drawdown chart below to compare losses from any high point for RDOG and KBWY.
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Drawdown Indicators
| RDOG | KBWY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -67.59% | -57.68% | -9.91% |
Max Drawdown (1Y)Largest decline over 1 year | -10.02% | -9.24% | -0.78% |
Max Drawdown (3Y)Largest decline over 3 years | -21.40% | -29.93% | +8.53% |
Max Drawdown (5Y)Largest decline over 5 years | -35.52% | -32.29% | -3.23% |
Max Drawdown (10Y)Largest decline over 10 years | -49.35% | -57.68% | +8.33% |
Current DrawdownCurrent decline from peak | -1.24% | -10.10% | +8.86% |
Average DrawdownAverage peak-to-trough decline | -12.26% | -14.18% | +1.92% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.09% | 3.88% | -0.79% |
Volatility
RDOG vs. KBWY - Volatility Comparison
The current volatility for ALPS REIT Dividend Dogs ETF (RDOG) is 4.15%, while Invesco KBW Premium Yield Equity REIT ETF (KBWY) has a volatility of 4.92%. This indicates that RDOG 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
| RDOG | KBWY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.15% | 4.92% | -0.77% |
Volatility (6M)Calculated over the trailing 6-month period | 10.43% | 11.59% | -1.16% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.49% | 16.42% | -1.93% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.84% | 21.61% | -1.77% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 23.05% | 27.05% | -4.00% |
RDOG vs. KBWY - Expense Ratio Comparison
Both RDOG and KBWY have an expense ratio of 0.35%.
Dividends
RDOG vs. KBWY - Dividend Comparison
RDOG's dividend yield for the trailing twelve months is around 6.08%, less than KBWY's 8.58% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
KBWY Invesco KBW Premium Yield Equity REIT ETF | 8.58% | 9.79% | 8.74% | 7.90% | 7.41% | 5.05% | 10.35% | 6.19% | 8.64% | 7.25% | 6.55% | 5.72% |
RDOG ALPS REIT Dividend Dogs ETF | 6.08% | 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
With a correlation of 0.95, RDOG and KBWY move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
KBWY has higher volatility (4.92%) compared to RDOG (4.15%). In terms of maximum drawdown, RDOG dropped -67.59% vs KBWY's -57.68%.
On 10-year performance, RDOG leads with 4.14% vs 1.26% for KBWY. Both ETFs have the same 0.35% expense ratio. On volatility, RDOG has been the lower-risk option at 4.15%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 10-year period, RDOG has performed better with a 4.14% return vs 1.26%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
RDOG and KBWY have the same expense ratio: 0.35% per year.
KBWY has the higher dividend yield at 8.58%, compared with 6.08% for RDOG.
RDOG tracks S-Network REIT Dividend Dogs Index, while KBWY tracks KBW Premium Yield Equity REIT Index. They also come from different issuers: SS&C and Invesco.
RDOG currently has the higher Sharpe Ratio (1.49 vs 1.48), 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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