KBWYvsDESKETF Comparison
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Invesco KBW Premium Yield Equity REIT ETF (KBWY) and VanEck Office and Commercial REIT ETF (DESK) belong to the same industry segment: US Real Estate. Both ETFs have the same top 1 sector exposures: Finance. KBWY is less expensive with a Total Expense Ratio (TER) of 0.35%, versus 0.51% for DESK. KBWY is up 14.05% year-to-date (YTD) with +$20M in YTD flows. DESK performs worse with 9.54% YTD performance, and +$4M in YTD flows. Run a side-by-side ETF comparison of KBWY and DESK 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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KBWY vs DESK performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 10/30/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | KBWY DESK | -0.80%+4.19% | -9.92%-8.74% | +14.05%+9.54% | +19.03%+4.39% | +31.55%+51.11% | +0.41%n/a |
| Flows | KBWY DESK | -$9M- | +$7M-$8M | +$20M+$4M | +$26M+$4M | +$107M+$5M | +$57M- |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | KBWY DESK | +16.65%+20.28% | +16.85%+20.78% | +19.83%+25.01% | +21.71%n/a |
| Max drawdown | KBWY DESK | -12.75%-14.43% | -14.95%-18.15% | -29.86%-28.62% | -33.13%n/a |
| Max drawdown duration | KBWY DESK | 92d92d | 106d206d | 638d740d | 993dn/a |
Trading data
KBWY | DESK | |
Last sale 10/30/2026 at 1:30 PM | $16.38 | $38.54 |
| Previous close 10/29/2026 | $16.52 | $38.81 |
| 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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KBWY | DESK | |
|---|---|---|
| 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
KBWY | DESK | |
|---|---|---|
| Last price | $16.38 | $38.54 |
| 1D performance | -0.85% | -0.70% |
| AuM | $283.93 M | $5.79 M |
| E/R | 0.35% | 0.51% |
Characteristics
KBWY | DESK | |
|---|---|---|
| Management strategy | Passive | Passive |
| Provider | Invesco | VanEck |
| Benchmark | KBW Nasdaq Premium Yield Equity REIT Index | MarketVector US Listed Office and Commercial REITs Index |
| N° of holdings | 28 | 25 |
| Asset class | Equities | Equities |
| Trailing 12m distribution yield | Join | Join |
| Inception date | December 2, 2010 | September 19, 2023 |
| ESG | No | No |
Exposure
Countries
KBWY
USA
100%
Other
-0%
DESK
USA
98.95%
Other
1.05%
Sectors
KBWY
Finance
100%
Other
-0%
DESK
Finance
98.95%
Other
1.05%
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Diversification
KBWY
Total weight of top 15 holdings out of 15
62.85%
DESK
Total weight of top 15 holdings out of 15
91.06%
Top 15 holdings
Data as of September 30, 2026
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%
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%
Frequently asked questions about KBWY and DESK
How have the KBWY and DESK ETFs performed in 2026?
As of October 30, 2026, KBWY is up 14.05% year-to-date (YTD), while DESK has returned 9.54%. That puts KBWY better performer ahead so far this year.
Which ETF is attracting more investor money: KBWY or DESK?
Year-to-date, the KBWY ETF saw +$20M in flows, compared to +$4M for DESK.
Which ETF is more volatile: KBWY or DESK?
Over the past year, KBWY had a volatility of 16.85%, while DESK experienced 20.78%.
Which ETF is bigger: KBWY or DESK?
As of October 30, 2026, KBWY holds $283.93 M in assets under management (AUM), while DESK manages $5.79 M.
What sectors do the KBWY and DESK ETFs invest in?
KBWY leans toward sectors like Finance. Meanwhile, DESK focuses on Finance.
What are the top holdings of the KBWY ETF and DESK ETF?
KBWY top holdings include Innovative Industrial Properties, Inc., Gladstone Commercial Corp. and Millrose Properties, Inc.. DESK holds in its top three: Cousins Properties, Inc., Vornado Realty Trust and BXP, Inc..
Which ETF is more diversified: KBWY or DESK?
KBWY holds 28 securities with 62.85% of its assets in the top 15. DESK has 25 securities and a top 15 weight of 91.06%.
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Latest news about KBWY & DESK
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August 21, 2025
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