- ISIN
- US00142C5408
- CUSIP
- 00142C540
- Issuer
- Invesco
- Inception Date
- May 1, 1995
- Category
- REIT
- Min. Investment
- $1,000
- Distribution Policy
- Distributing
- Asset Class
- Real Estate
Share Price Chart
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Performance
IARCX Performance Chart
Invesco Real Estate Fund (IARCX) is up 12.4% since the beginning of the year. IARCX is currently trading at $18 per share. Investors who bought $1,000 worth of IARCX shares 5 years ago would now be looking at an investment worth $1,053.
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Returns By Period
Invesco Real Estate Fund (IARCX) has returned 12.35% so far this year and 9.87% over the past 12 months. Over the last ten years, IARCX has returned 3.46% per year, falling short of the S&P 500 Index benchmark, which averaged 13.88% annually.
Invesco Real Estate Fund
- 1D
- 0.17%
- 1M
- -0.84%
- YTD
- 12.35%
- 6M
- 12.85%
- 1Y
- 9.87%
- 3Y*
- 6.03%
- 5Y*
- 1.03%
- 10Y*
- 3.46%
Benchmark (S&P 500 Index)
- 1D
- -0.37%
- 1M
- -0.01%
- YTD
- 9.16%
- 6M
- 8.64%
- 1Y
- 25.22%
- 3Y*
- 19.78%
- 5Y*
- 11.99%
- 10Y*
- 13.88%
IARCX Monthly Returns History
Based on dividend-adjusted daily data since May 1, 1995, IARCX's average daily return is +0.35%, while the average monthly return is +0.62%. At this rate, an investment would double in approximately 9.3 years.
Historically, 61% of months were positive and 39% were negative. The best month was Apr 2009 with a return of +26.7%, while the worst month was May 1995 at -75.0%. The longest winning streak lasted 14 consecutive months, and the longest losing streak was 6 months.
On a daily basis, IARCX closed higher 51% of trading days. The best single day was Dec 13, 1996 with a return of +320.7%, while the worst single day was Dec 16, 1996 at -75.1%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 2.35% | 7.32% | -6.13% | 8.89% | -0.06% | 0.11% | 12.35% | ||||||
| 2025 | 0.48% | 4.17% | -2.62% | -1.65% | 1.08% | -0.49% | -1.85% | 2.31% | -0.10% | -2.03% | 2.19% | -2.15% | -0.91% |
| 2024 | -5.54% | 1.24% | 2.49% | -7.95% | 5.00% | 1.67% | 6.53% | 4.53% | 2.77% | -4.07% | 3.74% | -7.89% | 1.03% |
| 2023 | 9.87% | -6.08% | -1.23% | 0.60% | -4.62% | 3.85% | 1.70% | -3.34% | -7.12% | -3.01% | 11.57% | 7.55% | 7.95% |
| 2022 | -8.11% | -4.50% | 6.77% | -2.41% | -5.17% | -6.12% | 8.32% | -5.97% | -12.59% | 1.67% | 6.30% | -4.77% | -25.40% |
| 2021 | -0.89% | 3.87% | 5.10% | 7.92% | 0.86% | 2.76% | 4.14% | 1.72% | -5.21% | 6.05% | -1.30% | 9.91% | 39.81% |
Benchmark Metrics
Invesco Real Estate Fund has an annualized alpha of 130.87%, beta of 0.53, and R2 of 0.00 versus S&P 500 Index. Calculated based on daily prices since May 01, 1995.
- This fund participated in 75.25% of S&P 500 Index downside but only 56.66% of its upside - more exposed to losses than it benefited from rallies.
- Beta of 0.53 may look defensive, but with R2 of 0.00 this fund is largely uncorrelated with S&P 500 Index - low beta reflects independence, not downside protection. See the Volatility section for a true picture of this fund's risk.
- R2 of 0.00 means this fund moves largely independently of S&P 500 Index - capture ratios reflect limited market correlation rather than active downside protection. Consider using a more representative benchmark.
- Alpha
- 130.87%
- Beta
- 0.53
- R²
- 0.00
- Upside Capture
- 56.66%
- Downside Capture
- 75.25%
Expense Ratio
IARCX has a high expense ratio of 1.98%, indicating above-average management fees.
Return for Risk
Risk / Return Rank
IARCX ranks 11 for risk / return — in the bottom 11% of mutual funds on our site. This means you're taking on significantly more risk than the returns justify. Consider whether the potential upside is worth the volatility, or explore alternatives with better risk / return profiles.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for Invesco Real Estate Fund (IARCX) and compare them to S&P 500 Index.
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.
| IARCX | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.31 | ||
| Sortino ratioReturn per unit of downside risk | -1.72 | ||
| Omega ratioGain probability vs. loss probability | 1.13 | 1.37 | -0.23 |
| Calmar ratioReturn relative to maximum drawdown | 1.20 | 2.78 | -1.58 |
| Martin ratioReturn relative to average drawdown | 3.35 | 12.44 | -9.09 |
Dividends
Dividend History
Invesco Real Estate Fund provided a 4.58% dividend yield over the last twelve months, with an annual payout of $0.81 per share. The fund has been increasing its distributions for 2 consecutive years.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.81 | $0.83 | $0.61 | $0.43 | $1.61 | $1.18 | $1.18 | $1.74 | $1.24 | $1.11 | $3.07 | $3.70 |
Dividend yield | 4.58% | 5.26% | 3.66% | 2.50% | 9.87% | 4.94% | 6.58% | 7.98% | 6.65% | 5.22% | 14.83% | 16.26% |
Monthly Dividends
The table displays the monthly dividend distributions for Invesco Real Estate Fund. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.00 | $0.00 | $0.03 | $0.00 | $0.00 | $0.00 | $0.03 | ||||||
| 2025 | $0.00 | $0.00 | $0.05 | $0.00 | $0.00 | $0.05 | $0.00 | $0.00 | $0.03 | $0.00 | $0.00 | $0.70 | $0.83 |
| 2024 | $0.00 | $0.00 | $0.06 | $0.00 | $0.00 | $0.07 | $0.00 | $0.00 | $0.06 | $0.00 | $0.00 | $0.42 | $0.61 |
| 2023 | $0.00 | $0.00 | $0.04 | $0.00 | $0.00 | $0.05 | $0.00 | $0.00 | $0.07 | $0.00 | $0.00 | $0.27 | $0.43 |
| 2022 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $1.60 | $1.61 |
| 2021 | $0.00 | $0.00 | $0.03 | $0.00 | $0.00 | $0.01 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $1.14 | $1.18 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
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Worst Drawdowns
The table below displays the maximum drawdowns of the Invesco Real Estate Fund. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the Invesco Real Estate Fund was 82.76%, occurring on Dec 14, 1999. Recovery took 3666 trading sessions.
The current Invesco Real Estate Fund drawdown is 9.43%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
1999 bear market1999 | -82.76%Dec 1999 | 2y 2mo | 14y 7mo | 16y 9moSep 1997 - Jul 2014 |
1996 bear market1996 | -75.62%Apr 1996 | 14d | 2mo 16d | 3moMar 1996 - Jun 1996 |
1996 bear market1996 | -75.36%Jul 1996 | 19d | 2mo 11d | 3moJun 1996 - Sep 1996 |
1996 bear market1996 | -75.32%Mar 1996 | 4d | 12d | 16dMar 1996 - Mar 1996 |
1995 bear market1995 | -75.29%Jun 1995 | 23d | 5mo 8d | 6mo 1dJun 1995 - Dec 1995 |
Drawdown Indicators
| IARCX | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -82.76% | -56.78% | -25.98% |
Max Drawdown (1Y)Largest decline over 1 year | -8.18% | -9.10% | +0.92% |
Max Drawdown (3Y)Largest decline over 3 years | -18.05% | -18.90% | +0.85% |
Max Drawdown (5Y)Largest decline over 5 years | -34.83% | -25.43% | -9.40% |
Max Drawdown (10Y)Largest decline over 10 years | -42.45% | -33.92% | -8.53% |
Current DrawdownCurrent decline from peak | -9.43% | -1.80% | -7.63% |
Average DrawdownAverage peak-to-trough decline | -36.08% | -10.71% | -25.37% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.92% | 2.03% | +0.89% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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