DFGR vs. IVRA

Last updated Jul 14, 2026

DFGR (Dimensional Global Real Estate ETF) and IVRA (Invesco Real Assets ESG ETF) are both exchange-traded funds - DFGR is a REIT fund actively managed by Dimensional, while IVRA is a ESG fund actively managed by Invesco. Both are actively managed. Their correlation of 0.83 suggests significant overlap in exposure. DFGR charges 0.22%/yr vs 0.59%/yr for IVRA.

Performance

DFGR vs. IVRA - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Dimensional Global Real Estate ETF (DFGR) and Invesco Real Assets ESG ETF (IVRA). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

DFGR

• 1D: 0.36%
• 1M: -0.03%
• 6M: 10.75%
• YTD: 11.97%
• 1Y: 13.97%
• 3Y*: 8.84%
• 5Y*: —
• 10Y*: —

IVRA

• 1D: —
• 1M: —
• 6M: —
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

DFGR vs. IVRA - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
DFGR Dimensional Global Real Estate ETF	11.97%	7.65%	1.89%	9.64%	-1.20%
IVRA Invesco Real Assets ESG ETF	11.70%	10.20%	13.07%	9.13%	-1.61%

Correlation

The correlation between DFGR and IVRA is 0.62, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.62
Correlation (3Y) Calculated over the trailing 3-year period	0.81
Correlation (All Time) Calculated using the full available price history since Dec 7, 2022	0.83

Over the past year, the correlation between DFGR and IVRA has dropped to 0.62 - well below their long-term average of 0.83, suggesting their price drivers have been diverging.

Return for Risk

DFGR vs. IVRA — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

DFGR

DFGR Risk / Return Rank: 39
DFGR Sharpe Ratio Rank: 40
DFGR Sortino Ratio Rank: 37
DFGR Omega Ratio Rank: 37
DFGR Calmar Ratio Rank: 38
DFGR Martin Ratio Rank: 42

IVRA

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

DFGR vs. IVRA - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Dimensional Global Real Estate ETF (DFGR) and Invesco Real Assets ESG ETF (IVRA). 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.

	DFGR	IVRA	Difference
Sharpe ratio: Return per unit of total volatility	1.13	—	—
Sortino ratio: Return per unit of downside risk	1.61	—	—
Omega ratio: Gain probability vs. loss probability	1.20	—	—
Calmar ratio: Return relative to maximum drawdown	1.53	—	—
Martin ratio: Return relative to average drawdown	5.41	—	—

Drawdowns

Drawdown Indicators

	DFGR	IVRA	Difference
Max Drawdown Largest peak-to-trough decline	-21.28%	—	—
Max Drawdown (1Y) Largest decline over 1 year	-9.15%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-17.57%	—	—
Current Drawdown Current decline from peak	-0.76%	—	—
Average Drawdown Average peak-to-trough decline	-6.15%	—	—
Ulcer Index Depth and duration of drawdowns from previous peaks	2.59%	—	—

Volatility

Volatility by Period

	DFGR	IVRA	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.05%	—	—
Volatility (6M) Calculated over the trailing 6-month period	9.71%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	12.40%	—	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.39%	—	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.39%	—	—

DFGR vs. IVRA - Expense Ratio Comparison

DFGR has a 0.22% expense ratio, which is lower than IVRA's 0.59% expense ratio.

Dividends

DFGR vs. IVRA - Dividend Comparison

DFGR's dividend yield for the trailing twelve months is around 3.66%, while IVRA has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021
DFGR Dimensional Global Real Estate ETF	3.66%	4.05%	3.73%	2.77%	0.59%	0.00%
IVRA Invesco Real Assets ESG ETF	16.80%	5.68%	3.71%	2.47%	2.30%	3.01%

Frequently Asked Questions

Can I hold both DFGR and IVRA in my portfolio?

DFGR and IVRA have a correlation of 0.62, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, DFGR or IVRA?

On fees, DFGR is cheaper at 0.22% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, DFGR or IVRA?

DFGR is cheaper with a 0.22% expense ratio, compared with 0.59% for IVRA.

Which ETF pays a higher dividend yield, DFGR or IVRA?

IVRA has the higher dividend yield at 16.80%, compared with 3.66% for DFGR.

What is the main difference between DFGR and IVRA?

DFGR is categorized as REIT, while IVRA is ESG. They also come from different issuers: Dimensional and Invesco. Their fees differ too: 0.22% for DFGR and 0.59% for IVRA.