RIET vs. KBWD
Compare and contrast key facts about Hoya Capital High Dividend Yield ETF (RIET) and Invesco KBW High Dividend Yield Financial ETF (KBWD).
RIET and KBWD are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. RIET is a passively managed fund by Pettee Investors that tracks the performance of the Hoya Capital High Dividend Yield Index. It was launched on Sep 21, 2021. KBWD is a passively managed fund by Invesco that tracks the performance of the KBW Nasdaq Financial Sector Dividend Yield Index. It was launched on Dec 2, 2010. Both RIET and KBWD 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: RIET or KBWD.
Key characteristics
| RIET | KBWD | |
|---|---|---|
| YTD Return | 7.78% | 7.51% |
| 1Y Return | 28.07% | 21.58% |
| 3Y Return (Ann) | -2.96% | 0.29% |
| Sharpe Ratio | 1.57 | 1.31 |
| Sortino Ratio | 2.26 | 1.81 |
| Omega Ratio | 1.29 | 1.23 |
| Calmar Ratio | 0.95 | 1.23 |
| Martin Ratio | 5.42 | 5.42 |
| Ulcer Index | 5.34% | 4.19% |
| Daily Std Dev | 18.40% | 17.38% |
| Max Drawdown | -34.61% | -58.63% |
| Current Drawdown | -10.36% | -1.38% |
Correlation
The correlation between RIET and KBWD is 0.88, 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.
Performance
RIET vs. KBWD - Performance Comparison
The year-to-date returns for both stocks are quite close, with RIET having a 7.78% return and KBWD slightly lower at 7.51%. 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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RIET vs. KBWD - Expense Ratio Comparison
RIET has a 0.50% expense ratio, which is lower than KBWD's 1.24% expense ratio.
Risk-Adjusted Performance
RIET vs. KBWD - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Hoya Capital High Dividend Yield ETF (RIET) 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.
Dividends
RIET vs. KBWD - Dividend Comparison
RIET's dividend yield for the trailing twelve months is around 9.45%, less than KBWD's 11.82% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
RIET Hoya Capital High Dividend Yield ETF | 9.45% | 9.38% | 9.38% | 2.01% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
KBWD Invesco KBW High Dividend Yield Financial ETF | 11.82% | 11.46% | 11.31% | 7.27% | 9.66% | 8.64% | 9.47% | 8.78% | 8.68% | 8.89% | 8.31% | 7.68% |
Drawdowns
RIET vs. KBWD - Drawdown Comparison
The maximum RIET drawdown since its inception was -34.61%, smaller than the maximum KBWD drawdown of -58.63%. Use the drawdown chart below to compare losses from any high point for RIET and KBWD. For additional features, visit the drawdowns tool.
Volatility
RIET vs. KBWD - Volatility Comparison
The current volatility for Hoya Capital High Dividend Yield ETF (RIET) is 4.51%, while Invesco KBW High Dividend Yield Financial ETF (KBWD) has a volatility of 4.85%. This indicates that RIET 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.