DESKvsKBWYETF Comparison
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VanEck Office and Commercial REIT ETF (DESK) and Invesco KBW Premium Yield Equity REIT ETF (KBWY) belong to the same industry segment: US Real Estate. Both ETFs have the same top 1 sector exposures: Finance. DESK is more expensive with a Total Expense Ratio (TER) of 0.51%, versus 0.35% for KBWY. DESK is up 9.54% year-to-date (YTD) with +$4M in YTD flows. KBWY performs better with 14.05% YTD performance, and +$20M in YTD flows. Run a side-by-side ETF comparison of DESK and KBWY below, and assess how they stack up in performance, liquidity, risk, exposure, holdings, and more, helping you select the best ETF for your investments.
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DESK vs KBWY performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 10/30/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | DESK KBWY | +4.19%-0.80% | -8.74%-9.92% | +9.54%+14.05% | +4.39%+19.03% | +51.11%+31.55% | n/a+0.41% |
| Flows | DESK KBWY | --$9M | -$8M+$7M | +$4M+$20M | +$4M+$26M | +$5M+$107M | -+$57M |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | DESK KBWY | +20.28%+16.65% | +20.78%+16.85% | +25.01%+19.83% | n/a+21.71% |
| Max drawdown | DESK KBWY | -14.43%-12.75% | -18.15%-14.95% | -28.62%-29.86% | n/a-33.13% |
| Max drawdown duration | DESK KBWY | 92d92d | 206d106d | 740d638d | n/a993d |
Trading data
DESK | KBWY | |
Last sale 10/30/2026 at 1:30 PM | $38.54 | $16.38 |
| Previous close 10/29/2026 | $38.81 | $16.52 |
| Consolidated volume 10/29/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
Replication quality
Data as of September 30, 2026
1-year trailing difference
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DESK | KBWY | |
|---|---|---|
| Tracking error | ||
| Tracking difference | ||
| 1 year cumulative return difference | ||
| Best | ||
| Worst | ||
| Daily return difference | ||
| Average | ||
| Worst | ||
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Main metrics
Last update 10/30/2026 at 1:30 PM
Live
Closed
DESK | KBWY | |
|---|---|---|
| Last price | $38.54 | $16.38 |
| 1D performance | -0.70% | -0.85% |
| AuM | $5.79 M | $283.93 M |
| E/R | 0.51% | 0.35% |
Characteristics
DESK | KBWY | |
|---|---|---|
| Management strategy | Passive | Passive |
| Provider | VanEck | Invesco |
| Benchmark | MarketVector US Listed Office and Commercial REITs Index | KBW Nasdaq Premium Yield Equity REIT Index |
| N° of holdings | 25 | 28 |
| Asset class | Equities | Equities |
| Trailing 12m distribution yield | Join | Join |
| Inception date | September 19, 2023 | December 2, 2010 |
| ESG | No | No |
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Exposure
Countries
DESK
USA
98.95%
Other
1.05%
KBWY
USA
100%
Other
-0%
Sectors
DESK
Finance
98.95%
Other
1.05%
KBWY
Finance
100%
Other
-0%
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Diversification
DESK
Total weight of top 15 holdings out of 15
91.06%
KBWY
Total weight of top 15 holdings out of 15
62.85%
Top 15 holdings
Data as of September 30, 2026
DESK
Cousins Properties, Inc.
10.28%
Vornado Realty Trust
10.14%
BXP, Inc.
9.86%
Kilroy Realty Corp.
9.79%
COPT Defense Properties
9.31%
Easterly Government Properties, Inc.
4.52%
Highwoods Properties, Inc.
4.48%
SL Green Realty Corp.
4.36%
Piedmont Realty Trust, Inc.
4.34%
Hudson Pacific Properties, Inc.
4.15%
Douglas Emmett, Inc.
4.15%
Simon Property Group, Inc.
4.08%
Prologis, Inc.
3.97%
Empire State Realty Trust, Inc.
3.88%
Realty Income Corp.
3.75%
KBWY
Innovative Industrial Properties, Inc.
7.16%
Gladstone Commercial Corp.
4.92%
Millrose Properties, Inc.
4.85%
Community Healthcare Trust, Inc.
4.83%
NexPoint Residential Trust, Inc.
4.14%
Global Net Lease, Inc.
3.95%
Gaming & Leisure Properties, Inc.
3.92%
AH Realty Trust, Inc.
3.89%
CTO Realty Growth, Inc.
3.83%
Easterly Government Properties, Inc.
3.82%
Park Hotels & Resorts, Inc.
3.76%
Highwoods Properties, Inc.
3.52%
Apple Hospitality REIT, Inc.
3.46%
EPR Properties
3.45%
Americold Realty Trust, Inc.
3.36%
Frequently asked questions about DESK and KBWY
How have the DESK and KBWY ETFs performed in 2026?
As of October 30, 2026, DESK is up 9.54% year-to-date (YTD), while KBWY has returned 14.05%. That puts KBWY better performer ahead so far this year.
Which ETF is attracting more investor money: DESK or KBWY?
Year-to-date, the DESK ETF saw +$4M in flows, compared to +$20M for KBWY.
Which ETF is more volatile: DESK or KBWY?
Over the past year, DESK had a volatility of 20.78%, while KBWY experienced 16.85%.
Which ETF is bigger: DESK or KBWY?
As of October 30, 2026, DESK holds $5.79 M in assets under management (AUM), while KBWY manages $283.93 M.
What sectors do the DESK and KBWY ETFs invest in?
DESK leans toward sectors like Finance. Meanwhile, KBWY focuses on Finance.
What are the top holdings of the DESK ETF and KBWY ETF?
DESK top holdings include Cousins Properties, Inc., Vornado Realty Trust and BXP, Inc.. KBWY holds in its top three: Innovative Industrial Properties, Inc., Gladstone Commercial Corp. and Millrose Properties, Inc..
Which ETF is more diversified: DESK or KBWY?
DESK holds 25 securities with 91.06% of its assets in the top 15. KBWY has 28 securities and a top 15 weight of 62.85%.
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Latest news about DESK & KBWY
Which Real Estate ETFs Pay the Highest Yields?
September 2, 2026
KBWY
There’s an ETF for That? Work-From-Home Versus Return-to-Office
August 21, 2025
DESK
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