VIG vs. KBWY
VIG (Vanguard Dividend Appreciation ETF) and KBWY (Invesco KBW Premium Yield Equity REIT ETF) are both exchange-traded funds - VIG is a Dividend fund tracking the S&P U.S. Dividend Growers Index, while KBWY is a REIT fund tracking the KBW Nasdaq Premium Yield Equity REIT Index. Both are passively managed. Over the past 10 years, VIG returned 13.34%/yr vs 1.46%/yr for KBWY. A 0.59 correlation means they provide meaningful diversification when combined. VIG charges 0.04%/yr vs 0.35%/yr for KBWY.
Performance
VIG vs. KBWY - Performance Comparison
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Returns By Period
In the year-to-date period, VIG achieves a 6.98% return, which is significantly lower than KBWY's 22.56% return. Over the past 10 years, VIG has outperformed KBWY with an annualized return of 13.34%, while KBWY has yielded a comparatively lower 1.46% annualized return.
VIG
- 1D
- -0.51%
- 1M
- 0.48%
- YTD
- 6.98%
- 6M
- 6.28%
- 1Y
- 18.42%
- 3Y*
- 15.85%
- 5Y*
- 10.82%
- 10Y*
- 13.34%
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%
VIG vs. KBWY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
VIG Vanguard Dividend Appreciation ETF | 6.98% | 14.17% | 16.99% | 14.51% | -9.80% | 23.76% | 15.43% | 29.62% | -2.08% | 22.22% |
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 VIG and KBWY is 0.45, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.45 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.58 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.60 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.57 |
Correlation (All Time) Calculated using the full available price history since Dec 2, 2010 | 0.59 |
The correlation between VIG and KBWY shifts across timeframes, from 0.45 (1 year) to 0.60 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
VIG vs. KBWY — Risk / Return Rank
VIG
KBWY
VIG vs. KBWY - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard Dividend Appreciation ETF (VIG) 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.
| VIG | KBWY | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.33 | ||
| Sortino ratioReturn per unit of downside risk | +0.49 | ||
| Omega ratioGain probability vs. loss probability | 1.33 | 1.25 | +0.07 |
| Calmar ratioReturn relative to maximum drawdown | 2.34 | 2.72 | -0.39 |
| Martin ratioReturn relative to average drawdown | 9.44 | 6.48 | +2.96 |
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Drawdowns
VIG vs. KBWY - Drawdown Comparison
The maximum VIG drawdown since its inception was -46.81%, smaller than the maximum KBWY drawdown of -57.68%. Use the drawdown chart below to compare losses from any high point for VIG and KBWY.
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Drawdown Indicators
| VIG | KBWY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -46.81% | -57.68% | +10.87% |
Max Drawdown (1Y)Largest decline over 1 year | -7.91% | -9.24% | +1.33% |
Max Drawdown (3Y)Largest decline over 3 years | -14.95% | -29.93% | +14.98% |
Max Drawdown (5Y)Largest decline over 5 years | -20.39% | -32.29% | +11.90% |
Max Drawdown (10Y)Largest decline over 10 years | -31.72% | -57.68% | +25.96% |
Current DrawdownCurrent decline from peak | -1.13% | -6.64% | +5.51% |
Average DrawdownAverage peak-to-trough decline | -5.50% | -14.15% | +8.65% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.96% | 3.88% | -1.92% |
Volatility
VIG vs. KBWY - Volatility Comparison
The current volatility for Vanguard Dividend Appreciation ETF (VIG) is 2.89%, while Invesco KBW Premium Yield Equity REIT ETF (KBWY) has a volatility of 4.85%. This indicates that VIG 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
| VIG | KBWY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.89% | 4.85% | -1.96% |
Volatility (6M)Calculated over the trailing 6-month period | 7.70% | 12.16% | -4.46% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.14% | 16.79% | -6.65% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.23% | 21.61% | -7.38% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.04% | 27.08% | -11.04% |
VIG vs. KBWY - Expense Ratio Comparison
VIG has a 0.04% expense ratio, which is lower than KBWY's 0.35% expense ratio.
Dividends
VIG vs. KBWY - Dividend Comparison
VIG's dividend yield for the trailing twelve months is around 1.47%, 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% |
VIG Vanguard Dividend Appreciation ETF | 1.47% | 1.62% | 1.73% | 1.88% | 1.96% | 1.55% | 1.63% | 1.71% | 2.08% | 1.88% | 2.14% | 2.34% |
Frequently Asked Questions
VIG and KBWY have a correlation of 0.45, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
KBWY has higher volatility (4.85%) compared to VIG (2.89%). In terms of maximum drawdown, VIG dropped -46.81% vs KBWY's -57.68%.
On 10-year performance, VIG leads with 13.34% vs 1.46% for KBWY. On fees, VIG is cheaper at 0.04% per year. On volatility, VIG has been the lower-risk option at 2.89%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 10-year period, VIG has performed better with a 13.34% return vs 1.46%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
VIG is cheaper with a 0.04% expense ratio, compared with 0.35% for KBWY.
KBWY has the higher dividend yield at 8.28%, compared with 1.47% for VIG.
VIG is categorized as Dividend, while KBWY is REIT. VIG tracks S&P U.S. Dividend Growers Index, while KBWY tracks KBW Nasdaq Premium Yield Equity REIT Index. They also come from different issuers: Vanguard and Invesco. Their fees differ too: 0.04% for VIG and 0.35% for KBWY.
VIG currently has the higher Sharpe Ratio (1.83 vs 1.50), 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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