USRT vs. KBWY
USRT (iShares Core U.S. REIT ETF) and KBWY (Invesco KBW Premium Yield Equity REIT ETF) are both REIT funds - USRT tracks the FTSE Nareit Equity REITS 40 Act Capped Index while KBWY tracks the KBW Nasdaq Premium Yield Equity REIT Index. Both are passively managed. Over the past 10 years, USRT returned 6.53%/yr vs 1.46%/yr for KBWY. Their correlation of 0.83 suggests significant overlap in exposure. USRT charges 0.08%/yr vs 0.35%/yr for KBWY.
Performance
USRT vs. KBWY - Performance Comparison
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Returns By Period
In the year-to-date period, USRT achieves a 17.49% return, which is significantly lower than KBWY's 22.56% return. Over the past 10 years, USRT has outperformed KBWY with an annualized return of 6.53%, while KBWY has yielded a comparatively lower 1.46% annualized return.
USRT
- 1D
- 1.30%
- 1M
- 1.84%
- YTD
- 17.49%
- 6M
- 17.97%
- 1Y
- 18.57%
- 3Y*
- 14.08%
- 5Y*
- 5.53%
- 10Y*
- 6.53%
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%
USRT vs. KBWY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
USRT iShares Core U.S. REIT ETF | 17.49% | 2.44% | 8.58% | 13.64% | -24.43% | 43.26% | -8.06% | 25.98% | -4.67% | 5.27% |
KBWY Invesco KBW Premium Yield Equity REIT ETF | 22.56% | -5.30% | -3.49% | 12.88% | -19.00% | 31.22% | -25.83% | 23.36% | -18.20% | 0.81% |
Correlation
The correlation between USRT and KBWY is 0.82, 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 | 0.82 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.84 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.85 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.84 |
Correlation (All Time) Calculated using the full available price history since Dec 2, 2010 | 0.83 |
The correlation between USRT and KBWY has been stable across timeframes, ranging from 0.82 to 0.85 - a consistent structural relationship.
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Return for Risk
USRT vs. KBWY — Risk / Return Rank
USRT
KBWY
USRT vs. KBWY - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Core U.S. REIT ETF (USRT) 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.
| USRT | KBWY | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.15 | ||
| Sortino ratioReturn per unit of downside risk | -0.29 | ||
| Omega ratioGain probability vs. loss probability | 1.24 | 1.25 | -0.02 |
| Calmar ratioReturn relative to maximum drawdown | 2.32 | 2.72 | -0.40 |
| Martin ratioReturn relative to average drawdown | 7.44 | 6.48 | +0.96 |
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Drawdowns
USRT vs. KBWY - Drawdown Comparison
The maximum USRT drawdown since its inception was -69.92%, which is greater than KBWY's maximum drawdown of -57.68%. Use the drawdown chart below to compare losses from any high point for USRT and KBWY.
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Drawdown Indicators
| USRT | KBWY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -69.92% | -57.68% | -12.24% |
Max Drawdown (1Y)Largest decline over 1 year | -8.04% | -9.24% | +1.20% |
Max Drawdown (3Y)Largest decline over 3 years | -18.70% | -29.93% | +11.23% |
Max Drawdown (5Y)Largest decline over 5 years | -31.03% | -32.29% | +1.26% |
Max Drawdown (10Y)Largest decline over 10 years | -44.38% | -57.68% | +13.30% |
Current DrawdownCurrent decline from peak | -0.25% | -6.64% | +6.39% |
Average DrawdownAverage peak-to-trough decline | -12.94% | -14.15% | +1.21% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.50% | 3.88% | -1.38% |
Volatility
USRT vs. KBWY - Volatility Comparison
iShares Core U.S. REIT ETF (USRT) has a higher volatility of 5.19% compared to Invesco KBW Premium Yield Equity REIT ETF (KBWY) at 4.85%. This indicates that USRT's price experiences larger fluctuations and is considered to be riskier 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
| USRT | KBWY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.19% | 4.85% | +0.34% |
Volatility (6M)Calculated over the trailing 6-month period | 10.06% | 12.16% | -2.10% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.89% | 16.79% | -2.90% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.93% | 21.61% | -2.68% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.33% | 27.08% | -5.75% |
USRT vs. KBWY - Expense Ratio Comparison
USRT has a 0.08% expense ratio, which is lower than KBWY's 0.35% expense ratio.
Dividends
USRT vs. KBWY - Dividend Comparison
USRT's dividend yield for the trailing twelve months is around 2.57%, less 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% |
USRT iShares Core U.S. REIT ETF | 2.57% | 3.07% | 2.85% | 3.18% | 3.46% | 2.27% | 3.12% | 3.34% | 5.66% | 3.44% | 3.98% | 3.59% |
Frequently Asked Questions
USRT and KBWY have a correlation of 0.82, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
USRT has higher volatility (5.19%) compared to KBWY (4.85%). In terms of maximum drawdown, USRT dropped -69.92% vs KBWY's -57.68%.
On 10-year performance, USRT leads with 6.53% vs 1.46% for KBWY. On fees, USRT is cheaper at 0.08% per year. On volatility, KBWY has been the lower-risk option at 4.85%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 10-year period, USRT has performed better with a 6.53% return vs 1.46%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
USRT is cheaper with a 0.08% expense ratio, compared with 0.35% for KBWY.
KBWY has the higher dividend yield at 8.28%, compared with 2.57% for USRT.
USRT tracks FTSE Nareit Equity REITS 40 Act Capped Index, while KBWY tracks KBW Nasdaq Premium Yield Equity REIT Index. They also come from different issuers: iShares and Invesco. Their fees differ too: 0.08% for USRT and 0.35% for KBWY.
KBWY currently has the higher Sharpe Ratio (1.50 vs 1.35), 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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