SPRE vs. KBWY
SPRE (SP Funds S&P Global REIT Sharia ETF) and KBWY (Invesco KBW Premium Yield Equity REIT ETF) are both REIT funds - SPRE tracks the S&P Global All Equity REIT Shariah Capped Index while KBWY tracks the KBW Premium Yield Equity REIT Index. Both are passively managed. Over the past 5 years, SPRE returned 1.62%/yr vs 2.26%/yr for KBWY. A 0.72 correlation means they provide meaningful diversification when combined. SPRE charges 0.69%/yr vs 0.35%/yr for KBWY.
Performance
SPRE vs. KBWY - Performance Comparison
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Returns By Period
In the year-to-date period, SPRE achieves a 7.88% return, which is significantly lower than KBWY's 18.02% return.
SPRE
- 1D
- 0.73%
- 1M
- -1.70%
- YTD
- 7.88%
- 6M
- 8.62%
- 1Y
- 10.66%
- 3Y*
- 6.67%
- 5Y*
- 1.62%
- 10Y*
- —
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%
SPRE vs. KBWY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
SPRE SP Funds S&P Global REIT Sharia ETF | 7.88% | 3.07% | 2.11% | 9.40% | -29.48% | 44.78% | 0.73% |
KBWY Invesco KBW Premium Yield Equity REIT ETF | 18.02% | -5.30% | -3.49% | 12.88% | -19.00% | 31.22% | 0.44% |
Correlation
The correlation between SPRE and KBWY is 0.67, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.67 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.75 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.74 |
Correlation (All Time) Calculated using the full available price history since Dec 31, 2020 | 0.72 |
The correlation between SPRE and KBWY has been stable across timeframes, ranging from 0.67 to 0.75 - a consistent structural relationship.
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Return for Risk
SPRE vs. KBWY — Risk / Return Rank
SPRE
KBWY
SPRE vs. KBWY - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for SP Funds S&P Global REIT Sharia ETF (SPRE) 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.
| SPRE | KBWY | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.81 | 1.48 | -0.67 |
Sortino ratioReturn per unit of downside risk | 1.19 | 2.14 | -0.95 |
Omega ratioGain probability vs. loss probability | 1.15 | 1.25 | -0.10 |
Calmar ratioReturn relative to maximum drawdown | 1.15 | 2.60 | -1.46 |
Martin ratioReturn relative to average drawdown | 3.91 | 6.20 | -2.30 |
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
| SPRE | KBWY | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.81 | 1.48 | -0.67 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.09 | 0.11 | -0.02 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.05 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.25 | 0.20 | +0.05 |
Drawdowns
SPRE vs. KBWY - Drawdown Comparison
The maximum SPRE drawdown since its inception was -38.34%, smaller than the maximum KBWY drawdown of -57.68%. Use the drawdown chart below to compare losses from any high point for SPRE and KBWY.
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Drawdown Indicators
| SPRE | KBWY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -38.34% | -57.68% | +19.34% |
Max Drawdown (1Y)Largest decline over 1 year | -9.63% | -9.24% | -0.39% |
Max Drawdown (3Y)Largest decline over 3 years | -22.04% | -29.93% | +7.89% |
Max Drawdown (5Y)Largest decline over 5 years | -38.34% | -32.29% | -6.05% |
Max Drawdown (10Y)Largest decline over 10 years | — | -57.68% | — |
Current DrawdownCurrent decline from peak | -12.42% | -10.10% | -2.32% |
Average DrawdownAverage peak-to-trough decline | -17.93% | -14.18% | -3.75% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.83% | 3.88% | -1.05% |
Volatility
SPRE vs. KBWY - Volatility Comparison
The current volatility for SP Funds S&P Global REIT Sharia ETF (SPRE) is 3.87%, while Invesco KBW Premium Yield Equity REIT ETF (KBWY) has a volatility of 4.92%. This indicates that SPRE 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
| SPRE | KBWY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.87% | 4.92% | -1.05% |
Volatility (6M)Calculated over the trailing 6-month period | 9.59% | 11.59% | -2.00% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.22% | 16.42% | -3.20% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.74% | 21.61% | -2.87% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.42% | 27.05% | -8.63% |
SPRE vs. KBWY - Expense Ratio Comparison
SPRE has a 0.69% expense ratio, which is higher than KBWY's 0.35% expense ratio.
Dividends
SPRE vs. KBWY - Dividend Comparison
SPRE's dividend yield for the trailing twelve months is around 3.86%, 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% |
SPRE SP Funds S&P Global REIT Sharia ETF | 3.86% | 4.10% | 4.13% | 4.16% | 4.17% | 2.83% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
SPRE and KBWY have a correlation of 0.67, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
KBWY has higher volatility (4.92%) compared to SPRE (3.87%). In terms of maximum drawdown, SPRE dropped -38.34% vs KBWY's -57.68%.
On 5-year performance, KBWY leads with 2.26% vs 1.62% for SPRE. On fees, KBWY is cheaper at 0.35% per year. On volatility, SPRE has been the lower-risk option at 3.87%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, KBWY has performed better with a 2.26% return vs 1.62%. 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 0.69% for SPRE.
KBWY has the higher dividend yield at 8.58%, compared with 3.86% for SPRE.
SPRE tracks S&P Global All Equity REIT Shariah Capped Index, while KBWY tracks KBW Premium Yield Equity REIT Index. They also come from different issuers: Toroso Investments and Invesco. Their fees differ too: 0.69% for SPRE and 0.35% for KBWY.
KBWY currently has the higher Sharpe Ratio (1.48 vs 0.81), 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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