RIET vs. KBWY
Compare and contrast key facts about Hoya Capital High Dividend Yield ETF (RIET) and Invesco KBW Premium Yield Equity REIT ETF (KBWY).
RIET and KBWY 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. 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. Both RIET and KBWY 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 KBWY.
Key characteristics
| RIET | KBWY | |
|---|---|---|
| YTD Return | 7.78% | 7.13% |
| 1Y Return | 28.07% | 28.77% |
| 3Y Return (Ann) | -2.96% | 1.22% |
| Sharpe Ratio | 1.57 | 1.37 |
| Sortino Ratio | 2.26 | 2.05 |
| Omega Ratio | 1.29 | 1.26 |
| Calmar Ratio | 0.95 | 0.94 |
| Martin Ratio | 5.42 | 3.44 |
| Ulcer Index | 5.34% | 8.64% |
| Daily Std Dev | 18.40% | 21.70% |
| Max Drawdown | -34.61% | -57.68% |
| Current Drawdown | -10.36% | -10.67% |
Correlation
The correlation between RIET and KBWY is 0.92, 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. KBWY - Performance Comparison
In the year-to-date period, RIET achieves a 7.78% return, which is significantly higher than KBWY's 7.13% 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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RIET vs. KBWY - Expense Ratio Comparison
RIET has a 0.50% expense ratio, which is higher than KBWY's 0.35% expense ratio.
Risk-Adjusted Performance
RIET vs. KBWY - 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 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
RIET vs. KBWY - Dividend Comparison
RIET's dividend yield for the trailing twelve months is around 9.45%, more than KBWY's 7.80% 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% |
KBWY Invesco KBW Premium Yield Equity REIT ETF | 7.80% | 7.90% | 7.41% | 5.06% | 10.35% | 6.19% | 8.64% | 7.25% | 6.55% | 5.72% | 4.57% | 4.85% |
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. For additional features, visit the drawdowns tool.
Volatility
RIET vs. KBWY - Volatility Comparison
Hoya Capital High Dividend Yield ETF (RIET) and Invesco KBW Premium Yield Equity REIT ETF (KBWY) have volatilities of 4.51% and 4.42%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.