KBWY vs VOO
Invesco KBW Premium Yield Equity REIT ETF vs Vanguard S&P 500 ETF
Quick Verdict
VOO has a lower expense ratio. KBWY delivered stronger 1-year returns. VOO offers more diversification with 509 holdings.
Side-by-Side Comparison
| Metric | KBWY | VOO | Winner |
|---|---|---|---|
| Expense Ratio | 0.35% | 0.03% | |
| AUM | $312M | $997.4B | |
| Dividend Yield | 8.03% | 1.08% | |
| Holdings | 32 | 509 | |
| YTD Return | +23.57% | +12.68% | |
| 1Y Return | +26.47% | +21.87% | |
| 3Y Return (annualized) | +9.69% | +22.06% | |
| 5Y Return (annualized) | +2.93% | +12.95% | |
| Volatility (annualized) | 22.2% | 14.1% | |
| Max Drawdown | -64.3% | -34.3% | |
| Fund Family | Invesco (US) | Vanguard (US) | |
| Category | Equity | Equity | |
| Inception | Dec 2, 2010 | Sep 7, 2010 |
KBWY vs VOO Performance
Invesco KBW Premium Yield Equity REIT ETF (KBWY) is a ETF from Invesco (US) and Vanguard S&P 500 ETF (VOO) is a ETF from Vanguard (US). Over the past year KBWY returned +26.47% while VOO returned +21.87%. Year to date, KBWY is up 23.57% versus a gain of 12.68% for VOO.
Over three years, KBWY compounded at +9.69% per year against +22.06% for VOO; over five years the annualized figures are +2.93% and +12.95% respectively. Across the full 16-year window we track, VOO has the edge at +13.47% annualized vs +0.77%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
KBWY has been the more volatile fund, with annualized monthly volatility of 22.2% compared with 14.1% for VOO. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -64.3% for KBWY and -34.3% for VOO. Drawdown depth is worth weighing if you expect to sell during market stress rather than ride it out.
The two funds' monthly returns correlate at 0.69. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
KBWY charges 0.35% per year while VOO charges 0.03%. On a $10,000 position that is $35 vs $3 annually, a gap of $32 per year that compounds over a long holding period. On income, KBWY currently yields 8.03% against 1.08% for VOO.
Holdings Overlap
Frequently Asked Questions
Which is cheaper, KBWY or VOO?
KBWY has an expense ratio of 0.35% while VOO charges 0.03%. VOO is the cheaper option. On a $10,000 investment, that is $32 per year of difference.
Which performed better, KBWY or VOO?
Over the past year KBWY returned +26.47% vs +21.87% for VOO, so KBWY leads on 1-year performance. Over the longest common window we track (16 years), KBWY annualized +0.77% vs +13.47% for VOO. Past performance does not guarantee future results.
Which is riskier, KBWY or VOO?
KBWY has been the more volatile fund at 22.2% annualized versus 14.1% for VOO. Worst drawdown: KBWY -64.3% vs VOO -34.3%.
Should I hold both KBWY and VOO?
KBWY and VOO have a monthly-return correlation of 0.69, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between KBWY and VOO?
KBWY and VOO share 2 common holdings with a 0.0% weight overlap. Combined, they hold 533 unique securities.
Which pays a higher dividend, KBWY or VOO?
KBWY yields 8.03% while VOO yields 1.08%, so KBWY currently pays the higher dividend yield.
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