SRVR vs. KBWY
SRVR (Pacer Data & Infrastructure Real Estate ETF) and KBWY (Invesco KBW Premium Yield Equity REIT ETF) are both REIT funds - SRVR tracks the FTSE Nareit All Equity REITs Index while KBWY tracks the KBW Nasdaq Premium Yield Equity REIT Index. Both are passively managed. Over the past 5 years, SRVR returned -3.67%/yr vs 3.85%/yr for KBWY. A 0.58 correlation means they provide meaningful diversification when combined. SRVR charges 0.49%/yr vs 0.35%/yr for KBWY.
Performance
SRVR vs. KBWY - Performance Comparison
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Returns By Period
In the year-to-date period, SRVR achieves a 6.87% return, which is significantly lower than KBWY's 30.06% return.
SRVR
- 1D
- -1.78%
- 1M
- -10.64%
- 6M
- 0.07%
- YTD
- 6.87%
- 1Y
- -4.54%
- 3Y*
- 3.89%
- 5Y*
- -3.67%
- 10Y*
- —
KBWY
- 1D
- 2.68%
- 1M
- 6.09%
- 6M
- 22.10%
- YTD
- 30.06%
- 1Y
- 31.16%
- 3Y*
- 9.89%
- 5Y*
- 3.85%
- 10Y*
- 1.18%
SRVR vs. KBWY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
SRVR Pacer Data & Infrastructure Real Estate ETF | 6.87% | -1.99% | 2.70% | 6.84% | -31.90% | 22.31% | 11.99% | 41.98% | -3.66% |
KBWY Invesco KBW Premium Yield Equity REIT ETF | 30.06% | -5.30% | -3.49% | 12.88% | -19.00% | 31.22% | -25.83% | 23.36% | -11.86% |
Correlation
The correlation between SRVR and KBWY is 0.36, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.36 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.59 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.64 |
Correlation (All Time) Calculated using the full available price history since May 16, 2018 | 0.58 |
Over the past year, the correlation between SRVR and KBWY has dropped to 0.36 - well below their long-term average of 0.58, suggesting their price drivers have been diverging.
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Return for Risk
SRVR vs. KBWY — Risk / Return Rank
SRVR
KBWY
SRVR vs. KBWY - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Pacer Data & Infrastructure Real Estate ETF (SRVR) 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.
| SRVR | KBWY | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.14 | ||
| Sortino ratioReturn per unit of downside risk | -2.95 | ||
| Omega ratioGain probability vs. loss probability | 0.97 | 1.31 | -0.34 |
| Calmar ratioReturn relative to maximum drawdown | -0.30 | 3.39 | -3.69 |
| Martin ratioReturn relative to average drawdown | -0.60 | 8.21 | -8.81 |
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Drawdowns
SRVR vs. KBWY - Drawdown Comparison
The maximum SRVR drawdown since its inception was -40.99%, smaller than the maximum KBWY drawdown of -57.68%. Use the drawdown chart below to compare losses from any high point for SRVR and KBWY.
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Drawdown Indicators
| SRVR | KBWY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -40.99% | -57.68% | +16.69% |
Max Drawdown (1Y)Largest decline over 1 year | -14.98% | -9.24% | -5.74% |
Max Drawdown (3Y)Largest decline over 3 years | -18.34% | -29.93% | +11.59% |
Max Drawdown (5Y)Largest decline over 5 years | -40.99% | -32.29% | -8.70% |
Max Drawdown (10Y)Largest decline over 10 years | — | -57.68% | — |
Current DrawdownCurrent decline from peak | -21.75% | -0.92% | -20.83% |
Average DrawdownAverage peak-to-trough decline | -15.27% | -14.11% | -1.16% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.55% | 3.81% | +3.74% |
Volatility
SRVR vs. KBWY - Volatility Comparison
The current volatility for Pacer Data & Infrastructure Real Estate ETF (SRVR) is 4.22%, while Invesco KBW Premium Yield Equity REIT ETF (KBWY) has a volatility of 5.20%. This indicates that SRVR 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
| SRVR | KBWY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.22% | 5.20% | -0.98% |
Volatility (6M)Calculated over the trailing 6-month period | 14.02% | 12.44% | +1.58% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.29% | 16.70% | +0.59% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.85% | 21.63% | -1.78% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.41% | 27.06% | -5.65% |
SRVR vs. KBWY - Expense Ratio Comparison
SRVR has a 0.49% expense ratio, which is higher than KBWY's 0.35% expense ratio.
Dividends
SRVR vs. KBWY - Dividend Comparison
SRVR's dividend yield for the trailing twelve months is around 2.86%, less than KBWY's 7.80% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
KBWY Invesco KBW Premium Yield Equity REIT ETF | 7.80% | 9.79% | 8.74% | 7.90% | 7.41% | 5.05% | 10.35% | 6.19% | 8.64% | 7.25% | 6.55% | 5.72% |
SRVR Pacer Data & Infrastructure Real Estate ETF | 2.86% | 2.67% | 2.00% | 3.69% | 1.70% | 1.19% | 1.59% | 1.61% | 2.13% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
SRVR and KBWY have a correlation of 0.36, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
KBWY has higher volatility (5.20%) compared to SRVR (4.22%). In terms of maximum drawdown, SRVR dropped -40.99% vs KBWY's -57.68%.
On 5-year performance, KBWY leads with 3.85% vs -3.67% for SRVR. On fees, KBWY is cheaper at 0.35% per year. On volatility, SRVR has been the lower-risk option at 4.22%. 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 3.85% return vs -3.67%. 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 0.49% for SRVR.
KBWY has the higher dividend yield at 7.80%, compared with 2.86% for SRVR.
SRVR tracks FTSE Nareit All Equity REITs Index, while KBWY tracks KBW Nasdaq Premium Yield Equity REIT Index. They also come from different issuers: Pacer and Invesco. Their fees differ too: 0.49% for SRVR and 0.35% for KBWY.
KBWY currently has the higher Sharpe Ratio (1.87 vs -0.26), 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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