RSPR vs. KBWY

Last updated Jun 4, 2026

RSPR (Invesco S&P 500 Equal Weight Real Estate ETF) and KBWY (Invesco KBW Premium Yield Equity REIT ETF) are both REIT funds from Invesco - RSPR tracks the S&P 500 Equal Weighted / Real Estate - SEC while KBWY tracks the KBW Premium Yield Equity REIT Index. Both are passively managed. Over the past 10 years, RSPR returned 6.22%/yr vs 1.18%/yr for KBWY. A 0.77 correlation means they provide meaningful diversification when combined. RSPR charges 0.40%/yr vs 0.35%/yr for KBWY.

Performance

RSPR vs. KBWY - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Invesco S&P 500 Equal Weight Real Estate ETF (RSPR) and Invesco KBW Premium Yield Equity REIT ETF (KBWY). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, RSPR achieves a 7.75% return, which is significantly lower than KBWY's 17.06% return. Over the past 10 years, RSPR has outperformed KBWY with an annualized return of 6.22%, while KBWY has yielded a comparatively lower 1.18% annualized return.

RSPR

• 1D: -0.06%
• 1M: 1.06%
• YTD: 7.75%
• 6M: 8.11%
• 1Y: 5.65%
• 3Y*: 8.85%
• 5Y*: 2.40%
• 10Y*: 6.22%

KBWY

• 1D: -0.81%
• 1M: 5.63%
• YTD: 17.06%
• 6M: 17.05%
• 1Y: 22.51%
• 3Y*: 9.10%
• 5Y*: 2.15%
• 10Y*: 1.18%

*Multi-year figures are annualized to reflect compound growth (CAGR)

RSPR vs. KBWY - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
RSPR Invesco S&P 500 Equal Weight Real Estate ETF	7.75%	-1.88%	8.61%	11.59%	-25.16%	49.61%	-2.90%	24.62%	-4.11%	8.76%
KBWY Invesco KBW Premium Yield Equity REIT ETF	17.06%	-5.30%	-3.49%	12.88%	-19.00%	31.22%	-25.83%	23.36%	-18.20%	0.81%

Correlation

The correlation between RSPR and KBWY is 0.80, 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	0.80
Correlation (3Y) Calculated over the trailing 3-year period	0.82
Correlation (5Y) Calculated over the trailing 5-year period	0.83
Correlation (10Y) Calculated over the trailing 10-year period	0.80
Correlation (All Time) Calculated using the full available price history since Aug 17, 2015	0.77

The correlation between RSPR and KBWY has been stable across timeframes, ranging from 0.77 to 0.83 - a consistent structural relationship.

Return for Risk

RSPR vs. KBWY — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

RSPR

RSPR Risk / Return Rank: 15
RSPR Sharpe Ratio Rank: 15
RSPR Sortino Ratio Rank: 14
RSPR Omega Ratio Rank: 14
RSPR Calmar Ratio Rank: 17
RSPR Martin Ratio Rank: 16

KBWY

KBWY Risk / Return Rank: 39
KBWY Sharpe Ratio Rank: 38
KBWY Sortino Ratio Rank: 38
KBWY Omega Ratio Rank: 34
KBWY Calmar Ratio Rank: 49
KBWY Martin Ratio Rank: 37

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

RSPR vs. KBWY - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco S&P 500 Equal Weight Real Estate ETF (RSPR) 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.

	RSPR	KBWY	Difference
Sharpe ratio Return per unit of total volatility	0.40	1.38	-0.97
Sortino ratio Return per unit of downside risk	0.64	2.00	-1.36
Omega ratio Gain probability vs. loss probability	1.08	1.23	-0.15
Calmar ratio Return relative to maximum drawdown	0.65	2.45	-1.79
Martin ratio Return relative to average drawdown	1.44	5.82	-4.38
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

RSPR vs. KBWY - Sharpe Ratio Comparison

The current RSPR Sharpe Ratio is 0.40, which is lower than the KBWY Sharpe Ratio of 1.38. The chart below compares the historical Sharpe Ratios of RSPR and KBWY, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	RSPR	KBWY	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.40	1.38	-0.97
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.13	0.10	+0.03
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.29	0.04	+0.25
Sharpe Ratio (All Time) Calculated using the full available price history	0.30	0.20	+0.10

Drawdowns

RSPR vs. KBWY - Drawdown Comparison

The maximum RSPR drawdown since its inception was -41.96%, smaller than the maximum KBWY drawdown of -57.68%. Use the drawdown chart below to compare losses from any high point for RSPR and KBWY.

Drawdown Indicators

	RSPR	KBWY	Difference
Max Drawdown Largest peak-to-trough decline	-41.96%	-57.68%	+15.72%
Max Drawdown (1Y) Largest decline over 1 year	-8.71%	-9.24%	+0.53%
Max Drawdown (3Y) Largest decline over 3 years	-17.78%	-29.93%	+12.15%
Max Drawdown (5Y) Largest decline over 5 years	-33.03%	-32.29%	-0.74%
Max Drawdown (10Y) Largest decline over 10 years	-41.96%	-57.68%	+15.72%
Current Drawdown Current decline from peak	-4.30%	-10.82%	+6.52%
Average Drawdown Average peak-to-trough decline	-9.40%	-14.18%	+4.78%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.94%	3.88%	+0.06%

Volatility

RSPR vs. KBWY - Volatility Comparison

The current volatility for Invesco S&P 500 Equal Weight Real Estate ETF (RSPR) is 3.69%, while Invesco KBW Premium Yield Equity REIT ETF (KBWY) has a volatility of 4.73%. This indicates that RSPR 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.

Volatility by Period

	RSPR	KBWY	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.69%	4.73%	-1.04%
Volatility (6M) Calculated over the trailing 6-month period	9.86%	11.61%	-1.75%
Volatility (1Y) Calculated over the trailing 1-year period	14.02%	16.44%	-2.42%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	19.09%	21.61%	-2.52%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	21.37%	27.05%	-5.68%

RSPR vs. KBWY - Expense Ratio Comparison

RSPR has a 0.40% expense ratio, which is higher than KBWY's 0.35% expense ratio.

Dividends

RSPR vs. KBWY - Dividend Comparison

RSPR's dividend yield for the trailing twelve months is around 2.68%, less than KBWY's 8.64% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
KBWY Invesco KBW Premium Yield Equity REIT ETF	8.64%	9.79%	8.74%	7.90%	7.41%	5.05%	10.35%	6.19%	8.64%	7.25%	6.55%	5.72%
RSPR Invesco S&P 500 Equal Weight Real Estate ETF	2.68%	2.70%	2.58%	2.91%	3.14%	2.56%	3.82%	2.48%	3.02%	3.01%	2.06%	1.03%

Frequently Asked Questions

Can I hold both RSPR and KBWY in my portfolio?

RSPR and KBWY have a correlation of 0.80, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, RSPR or KBWY?

KBWY has higher volatility (4.73%) compared to RSPR (3.69%). In terms of maximum drawdown, RSPR dropped -41.96% vs KBWY's -57.68%.

Which ETF is better, RSPR or KBWY?

On 10-year performance, RSPR leads with 6.22% vs 1.18% for KBWY. On fees, KBWY is cheaper at 0.35% per year. On volatility, RSPR has been the lower-risk option at 3.69%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, RSPR or KBWY?

Over the 10-year period, RSPR has performed better with a 6.22% return vs 1.18%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, RSPR or KBWY?

KBWY is cheaper with a 0.35% expense ratio, compared with 0.40% for RSPR.

Which ETF pays a higher dividend yield, RSPR or KBWY?

KBWY has the higher dividend yield at 8.64%, compared with 2.68% for RSPR.

What is the main difference between RSPR and KBWY?

RSPR tracks S&P 500 Equal Weighted / Real Estate - SEC, while KBWY tracks KBW Premium Yield Equity REIT Index. Their fees differ too: 0.40% for RSPR and 0.35% for KBWY.

Which has better risk-adjusted returns?

KBWY currently has the higher Sharpe Ratio (1.38 vs 0.40), 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.