ASRAX vs. HLRRX

Last updated Aug 1, 2026

ASRAX (Invesco Global Real Estate Income Fund) and HLRRX (LDR High Income Realty Fund) are both REIT funds. Over the past 10 years, ASRAX returned 3.06%/yr vs 4.24%/yr for HLRRX. Their correlation of 0.85 means they have usually moved in the same direction. ASRAX charges 1.20%/yr vs 1.14%/yr for HLRRX.

Performance

ASRAX vs. HLRRX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Invesco Global Real Estate Income Fund (ASRAX) and LDR High Income Realty Fund (HLRRX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, ASRAX achieves a 13.58% return, which is significantly lower than HLRRX's 15.27% return. Over the past 10 years, ASRAX has underperformed HLRRX with an annualized return of 3.06%, while HLRRX has yielded a comparatively higher 4.24% annualized return.

ASRAX

• 1D: 0.00%
• 1M: 2.44%
• 6M: 10.10%
• YTD: 13.58%
• 1Y: 17.93%
• 3Y*: 7.80%
• 5Y*: 1.60%
• 10Y*: 3.06%
• ALL TIME*: 3.64%

HLRRX

• 1D: -0.30%
• 1M: 0.61%
• 6M: 11.33%
• YTD: 15.27%
• 1Y: 14.39%
• 3Y*: 6.04%
• 5Y*: 1.72%
• 10Y*: 4.24%
• ALL TIME*: 7.74%

*Multi-year figures are annualized to reflect compound growth (CAGR)

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
ASRAX Invesco Global Real Estate Income Fund	$0.00	$0.00	$0.00
HLRRX LDR High Income Realty Fund	$0.00	$0.00	$0.00

ASRAX vs. HLRRX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
ASRAX Invesco Global Real Estate Income Fund	13.58%	7.08%	-2.68%	11.90%	-20.93%	19.97%	-5.10%	15.50%	-4.33%	8.78%
HLRRX LDR High Income Realty Fund	15.27%	-9.13%	9.45%	10.50%	-21.40%	40.50%	-3.78%	31.75%	-13.63%	-1.24%

Correlation

The correlation between ASRAX and HLRRX is 0.80, meaning they have usually moved in the same direction, including during past declines.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.80
Correlation (3Y) Balances recent behavior with more history.	0.84
Correlation (5Y) Shows whether the relationship held over a longer period.	0.85
Correlation (10Y) Provides a long-term view across more market conditions.	0.83
Correlation (All Time) Calculated using the full available price history since Dec 16, 2002	0.85

The correlation between ASRAX and HLRRX has been stable across timeframes, ranging from 0.80 to 0.85 - a consistent structural relationship.

Return for Risk

ASRAX vs. HLRRX — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

ASRAX

ASRAX Risk / Return Rank: 55
ASRAX Sharpe Ratio Rank: 61
ASRAX Sortino Ratio Rank: 57
ASRAX Omega Ratio Rank: 60
ASRAX Calmar Ratio Rank: 50
ASRAX Martin Ratio Rank: 49

HLRRX

HLRRX Risk / Return Rank: 38
HLRRX Sharpe Ratio Rank: 33
HLRRX Sortino Ratio Rank: 32
HLRRX Omega Ratio Rank: 31
HLRRX Calmar Ratio Rank: 58
HLRRX Martin Ratio Rank: 37

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

ASRAX vs. HLRRX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco Global Real Estate Income Fund (ASRAX) and LDR High Income Realty Fund (HLRRX). 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.

	ASRAX	HLRRX	Difference
Sharpe ratio: Return per unit of total volatility	1.53	1.05	+0.47
Sortino ratio: Return per unit of downside risk	2.13	1.54	+0.59
Omega ratio: Gain probability vs. loss probability	1.28	1.19	+0.09
Calmar ratio: Return relative to maximum drawdown	1.92	2.02	-0.10
Martin ratio: Return relative to average drawdown	7.04	5.42	+1.62

ASRAX vs. HLRRX - Sharpe Ratio Comparison

The current ASRAX Sharpe Ratio is 1.53, which is higher than the HLRRX Sharpe Ratio of 1.05. The chart below compares the historical Sharpe Ratios of ASRAX and HLRRX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

ASRAX vs. HLRRX - Drawdown Comparison

The maximum ASRAX drawdown since its inception was -64.52%, roughly equal to the maximum HLRRX drawdown of -62.78%. Use the drawdown chart below to compare losses from any high point for ASRAX and HLRRX.

Drawdown Indicators

	ASRAX	HLRRX	Difference
Max Drawdown Largest peak-to-trough decline	-64.52%	-62.78%	-1.74%
Max Drawdown (1Y) Largest decline over 1 year	-8.81%	-6.26%	-2.55%
Max Drawdown (3Y) Largest decline over 3 years	-16.96%	-21.04%	+4.08%
Max Drawdown (5Y) Largest decline over 5 years	-26.35%	-28.99%	+2.64%
Max Drawdown (10Y) Largest decline over 10 years	-35.04%	-48.13%	+13.09%
Current Drawdown Current decline from peak	-0.22%	-2.84%	+2.62%
Average Drawdown Average peak-to-trough decline	-12.13%	-8.46%	-3.67%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.40%	2.33%	+0.07%

Volatility

ASRAX vs. HLRRX - Volatility Comparison

Invesco Global Real Estate Income Fund (ASRAX) has a higher volatility of 3.02% compared to LDR High Income Realty Fund (HLRRX) at 2.54%. This indicates that ASRAX's price experiences larger fluctuations and is considered to be riskier than HLRRX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	ASRAX	HLRRX	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.02%	2.54%	+0.48%
Volatility (6M) Calculated over the trailing 6-month period	9.05%	8.08%	+0.97%
Volatility (1Y) Calculated over the trailing 1-year period	11.14%	12.14%	-1.00%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	12.89%	17.18%	-4.29%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	13.38%	20.78%	-7.40%

ASRAX vs. HLRRX - Expense Ratio Comparison

ASRAX has a 1.20% expense ratio, which is higher than HLRRX's 1.14% expense ratio.

Dividends

ASRAX vs. HLRRX - Dividend Comparison

ASRAX's dividend yield for the trailing twelve months is around 2.35%, less than HLRRX's 12.10% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
ASRAX Invesco Global Real Estate Income Fund	2.35%	2.71%	3.58%	2.96%	2.38%	1.89%	2.32%	5.57%	3.51%	3.45%	4.49%	5.79%
HLRRX LDR High Income Realty Fund	12.10%	9.39%	4.93%	5.50%	13.71%	17.02%	9.10%	2.44%	2.68%	17.61%	15.94%	10.13%

Frequently Asked Questions

Can I hold both ASRAX and HLRRX in my portfolio?

ASRAX and HLRRX have a correlation of 0.80, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, ASRAX or HLRRX?

ASRAX has higher volatility (3.02%) compared to HLRRX (2.54%). In terms of maximum drawdown, ASRAX dropped -64.52% vs HLRRX's -62.78%.

Which has better risk-adjusted returns?

ASRAX currently has the higher Sharpe Ratio (1.53 vs 1.05), 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.