RIET vs. KBWY
RIET (Hoya Capital High Dividend Yield ETF) and KBWY (Invesco KBW Premium Yield Equity REIT ETF) are both REIT funds - RIET tracks the Hoya Capital High Dividend Yield Index while KBWY tracks the KBW Nasdaq Premium Yield Equity REIT Index. Both are passively managed. Over the past 3 years, RIET returned 9.52%/yr vs 11.98%/yr for KBWY. Their correlation of 0.92 suggests significant overlap in exposure. RIET charges 0.50%/yr vs 0.35%/yr for KBWY.
Performance
RIET vs. KBWY - Performance Comparison
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Returns By Period
In the year-to-date period, RIET achieves a 8.46% return, which is significantly lower than KBWY's 22.56% return.
RIET
- 1D
- 1.06%
- 1M
- 1.00%
- YTD
- 8.46%
- 6M
- 9.41%
- 1Y
- 12.07%
- 3Y*
- 9.52%
- 5Y*
- —
- 10Y*
- —
KBWY
- 1D
- 1.25%
- 1M
- 4.73%
- YTD
- 22.56%
- 6M
- 24.93%
- 1Y
- 25.07%
- 3Y*
- 11.98%
- 5Y*
- 3.00%
- 10Y*
- 1.46%
RIET vs. KBWY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
RIET Hoya Capital High Dividend Yield ETF | 8.46% | 2.43% | 1.18% | 13.04% | -25.29% | 5.14% |
KBWY Invesco KBW Premium Yield Equity REIT ETF | 22.56% | -5.30% | -3.49% | 12.88% | -19.00% | 11.33% |
Correlation
The correlation between RIET and KBWY is 0.89, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.89 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.92 |
Correlation (All Time) Calculated using the full available price history since Sep 22, 2021 | 0.92 |
The correlation between RIET and KBWY has been stable across timeframes, ranging from 0.89 to 0.92 - a consistent structural relationship.
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Return for Risk
RIET vs. KBWY — Risk / Return Rank
RIET
KBWY
RIET vs. KBWY - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Hoya Capital High Dividend Yield ETF (RIET) 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.
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.
| RIET | KBWY | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.59 | ||
| Sortino ratioReturn per unit of downside risk | -0.83 | ||
| Omega ratioGain probability vs. loss probability | 1.16 | 1.25 | -0.10 |
| Calmar ratioReturn relative to maximum drawdown | 1.38 | 2.72 | -1.34 |
| Martin ratioReturn relative to average drawdown | 3.60 | 6.48 | -2.88 |
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Drawdowns
RIET vs. KBWY - Drawdown Comparison
The maximum RIET drawdown since its inception was -34.61%, smaller than the maximum KBWY drawdown of -57.68%. Use the drawdown chart below to compare losses from any high point for RIET and KBWY.
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Drawdown Indicators
| RIET | KBWY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -34.61% | -57.68% | +23.07% |
Max Drawdown (1Y)Largest decline over 1 year | -8.76% | -9.24% | +0.48% |
Max Drawdown (3Y)Largest decline over 3 years | -18.38% | -29.93% | +11.55% |
Max Drawdown (5Y)Largest decline over 5 years | — | -32.29% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -57.68% | — |
Current DrawdownCurrent decline from peak | -6.51% | -6.64% | +0.13% |
Average DrawdownAverage peak-to-trough decline | -16.31% | -14.15% | -2.16% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.36% | 3.88% | -0.52% |
Volatility
RIET vs. KBWY - Volatility Comparison
The current volatility for Hoya Capital High Dividend Yield ETF (RIET) is 3.94%, while Invesco KBW Premium Yield Equity REIT ETF (KBWY) has a volatility of 4.85%. This indicates that RIET 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
| RIET | KBWY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.94% | 4.85% | -0.91% |
Volatility (6M)Calculated over the trailing 6-month period | 9.50% | 12.16% | -2.66% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.30% | 16.79% | -3.49% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.95% | 21.61% | -2.66% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.95% | 27.08% | -8.13% |
RIET vs. KBWY - Expense Ratio Comparison
RIET has a 0.50% expense ratio, which is higher than KBWY's 0.35% expense ratio.
Dividends
RIET vs. KBWY - Dividend Comparison
RIET's dividend yield for the trailing twelve months is around 10.74%, more than KBWY's 8.28% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
KBWY Invesco KBW Premium Yield Equity REIT ETF | 8.28% | 9.79% | 8.74% | 7.90% | 7.41% | 5.05% | 10.35% | 6.19% | 8.64% | 7.25% | 6.55% | 5.72% |
RIET Hoya Capital High Dividend Yield ETF | 10.74% | 11.04% | 10.17% | 9.33% | 9.33% | 1.99% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
RIET and KBWY have a correlation of 0.89, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
KBWY has higher volatility (4.85%) compared to RIET (3.94%). In terms of maximum drawdown, RIET dropped -34.61% vs KBWY's -57.68%.
On 3-year performance, KBWY leads with 11.98% vs 9.52% for RIET. On fees, KBWY is cheaper at 0.35% per year. On volatility, RIET has been the lower-risk option at 3.94%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, KBWY has performed better with a 11.98% return vs 9.52%. 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 0.50% for RIET.
RIET has the higher dividend yield at 10.74%, compared with 8.28% for KBWY.
RIET tracks Hoya Capital High Dividend Yield Index, while KBWY tracks KBW Nasdaq Premium Yield Equity REIT Index. They also come from different issuers: Pettee Investors and Invesco. Their fees differ too: 0.50% for RIET and 0.35% for KBWY.
KBWY currently has the higher Sharpe Ratio (1.50 vs 0.91), 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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