AGREX vs. VGSNX
AGREX (Invesco Global Real Estate Fund) and VGSNX (Vanguard Real Estate Index Fund Institutional Shares) are both REIT funds. Over the past 10 years, AGREX returned 2.17%/yr vs 5.44%/yr for VGSNX. Their correlation of 0.88 suggests significant overlap in exposure. AGREX charges 1.38%/yr vs 0.10%/yr for VGSNX.
Performance
AGREX vs. VGSNX - Performance Comparison
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Returns By Period
In the year-to-date period, AGREX achieves a 6.91% return, which is significantly lower than VGSNX's 11.74% return. Over the past 10 years, AGREX has underperformed VGSNX with an annualized return of 2.17%, while VGSNX has yielded a comparatively higher 5.44% annualized return.
AGREX
- 1D
- 0.00%
- 1M
- -2.56%
- YTD
- 6.91%
- 6M
- 6.56%
- 1Y
- 9.89%
- 3Y*
- 6.45%
- 5Y*
- -0.55%
- 10Y*
- 2.17%
VGSNX
- 1D
- -0.05%
- 1M
- 0.70%
- YTD
- 11.74%
- 6M
- 11.34%
- 1Y
- 14.03%
- 3Y*
- 11.29%
- 5Y*
- 2.70%
- 10Y*
- 5.44%
AGREX vs. VGSNX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
AGREX Invesco Global Real Estate Fund | 6.91% | 7.44% | -1.78% | 8.61% | -25.24% | 25.26% | -12.46% | 19.31% | -6.19% | 12.67% |
VGSNX Vanguard Real Estate Index Fund Institutional Shares | 11.74% | 3.21% | 3.72% | 13.12% | -26.19% | 40.46% | -4.76% | 28.98% | -5.97% | 4.90% |
Correlation
The correlation between AGREX and VGSNX is 0.87, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.87 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.92 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.93 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.90 |
Correlation (All Time) Calculated using the full available price history since Jan 3, 2006 | 0.88 |
The correlation between AGREX and VGSNX has been stable across timeframes, ranging from 0.87 to 0.93 - a consistent structural relationship.
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Return for Risk
AGREX vs. VGSNX — Risk / Return Rank
AGREX
VGSNX
AGREX vs. VGSNX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco Global Real Estate Fund (AGREX) and Vanguard Real Estate Index Fund Institutional Shares (VGSNX). 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.
| AGREX | VGSNX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.06 | ||
| Sortino ratioReturn per unit of downside risk | -0.09 | ||
| Omega ratioGain probability vs. loss probability | 1.14 | 1.15 | -0.01 |
| Calmar ratioReturn relative to maximum drawdown | 0.89 | 1.35 | -0.47 |
| Martin ratioReturn relative to average drawdown | 3.24 | 4.27 | -1.03 |
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Drawdowns
AGREX vs. VGSNX - Drawdown Comparison
The maximum AGREX drawdown since its inception was -69.30%, smaller than the maximum VGSNX drawdown of -73.06%. Use the drawdown chart below to compare losses from any high point for AGREX and VGSNX.
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Drawdown Indicators
| AGREX | VGSNX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -69.30% | -73.06% | +3.76% |
Max Drawdown (1Y)Largest decline over 1 year | -10.39% | -8.34% | -2.05% |
Max Drawdown (3Y)Largest decline over 3 years | -18.43% | -17.41% | -1.02% |
Max Drawdown (5Y)Largest decline over 5 years | -33.48% | -34.39% | +0.91% |
Max Drawdown (10Y)Largest decline over 10 years | -43.39% | -42.30% | -1.09% |
Current DrawdownCurrent decline from peak | -8.39% | -0.75% | -7.64% |
Average DrawdownAverage peak-to-trough decline | -16.00% | -13.25% | -2.75% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.84% | 2.66% | +0.18% |
Volatility
AGREX vs. VGSNX - Volatility Comparison
The current volatility for Invesco Global Real Estate Fund (AGREX) is 3.44%, while Vanguard Real Estate Index Fund Institutional Shares (VGSNX) has a volatility of 5.18%. This indicates that AGREX experiences smaller price fluctuations and is considered to be less risky than VGSNX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| AGREX | VGSNX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.44% | 5.18% | -1.74% |
Volatility (6M)Calculated over the trailing 6-month period | 9.19% | 10.19% | -1.00% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.13% | 13.77% | -1.64% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.36% | 18.93% | -2.57% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.71% | 20.95% | -3.24% |
AGREX vs. VGSNX - Expense Ratio Comparison
AGREX has a 1.38% expense ratio, which is higher than VGSNX's 0.10% expense ratio.
Dividends
AGREX vs. VGSNX - Dividend Comparison
AGREX's dividend yield for the trailing twelve months is around 3.85%, less than VGSNX's 4.50% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AGREX Invesco Global Real Estate Fund | 3.85% | 2.33% | 1.87% | 1.81% | 13.06% | 2.39% | 4.68% | 8.59% | 11.43% | 2.67% | 3.84% | 1.81% |
VGSNX Vanguard Real Estate Index Fund Institutional Shares | 4.50% | 3.94% | 3.87% | 3.93% | 3.94% | 2.57% | 3.95% | 3.40% | 4.75% | 4.26% | 4.84% | 3.94% |
Frequently Asked Questions
AGREX and VGSNX have a correlation of 0.87, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
VGSNX has higher volatility (5.18%) compared to AGREX (3.44%). In terms of maximum drawdown, AGREX dropped -69.30% vs VGSNX's -73.06%.
VGSNX currently has the higher Sharpe Ratio (0.82 vs 0.76), 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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