ELS vs. INVH
ELS (Equity LifeStyle Properties, Inc.) and INVH (Invitation Homes Inc.) are both stocks. Both operate in the REIT - Residential industry within the Real Estate sector. Over the past 5 years, ELS returned -2.26%/yr vs -2.92%/yr for INVH. Their 0.63 correlation means they have sometimes moved together and sometimes differently.
Performance
ELS vs. INVH - Performance Comparison
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Returns By Period
The year-to-date returns for both investments are quite close, with ELS having a 9.24% return and INVH slightly higher at 9.36%.
ELS
- 1D
- -0.70%
- 1M
- -1.78%
- 6M
- 4.81%
- YTD
- 9.24%
- 1Y
- 11.75%
- 3Y*
- 0.22%
- 5Y*
- -2.26%
- 10Y*
- 7.45%
- ALL TIME*
- 13.81%
INVH
- 1D
- 0.17%
- 1M
- -2.65%
- 6M
- 13.69%
- YTD
- 9.36%
- 1Y
- 2.29%
- 3Y*
- -1.86%
- 5Y*
- -2.92%
- 10Y*
- —
- ALL TIME*
- 6.95%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $130.19M | $111.39M | $101.03M | |
| $127.69M | $117.94M | $157.43M |
ELS vs. INVH - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
ELS Equity LifeStyle Properties, Inc. | 9.24% | -5.93% | -2.83% | 12.18% | -24.50% | 41.01% | -7.83% | 47.80% | 11.76% | 23.23% |
INVH Invitation Homes Inc. | 9.36% | -9.68% | -3.13% | 19.71% | -33.04% | 55.58% | 1.19% | 52.27% | -13.10% | 18.44% |
Correlation
The correlation between ELS and INVH is 0.53, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.53 |
Correlation (3Y) Balances recent behavior with more history. | 0.57 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.65 |
Correlation (All Time) Calculated using the full available price history since Feb 1, 2017 | 0.63 |
The correlation between ELS and INVH shifts across timeframes, from 0.53 (1 year) to 0.65 (5 years), reflecting how their relationship changes across market environments.
Fundamentals
ELS:
$12.62B
INVH:
$17.65B
ELS:
$2.01
INVH:
$1.09
ELS:
32.41
INVH:
27.27
ELS:
4.06
INVH:
1.19
ELS:
8.21
INVH:
6.31
ELS:
7.41
INVH:
1.94
ELS:
$1.59B
INVH:
$2.86B
ELS:
$687.44M
INVH:
$1.35B
ELS:
$625.51M
INVH:
$1.89B
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Return for Risk
ELS vs. INVH — Risk / Return Rank
ELS
INVH
ELS vs. INVH - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Equity LifeStyle Properties, Inc. (ELS) and Invitation Homes Inc. (INVH). 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.
| ELS | INVH | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.63 | ||
| Sortino ratioReturn per unit of downside risk | +0.85 | ||
| Omega ratioGain probability vs. loss probability | 1.13 | 1.03 | +0.10 |
| Calmar ratioReturn relative to maximum drawdown | 1.20 | 0.06 | +1.14 |
| Martin ratioReturn relative to average drawdown | 2.90 | 0.13 | +2.77 |
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Drawdowns
ELS vs. INVH - Drawdown Comparison
The maximum ELS drawdown since its inception was -58.96%, which is greater than INVH's maximum drawdown of -50.54%. Use the drawdown chart below to compare losses from any high point for ELS and INVH.
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Drawdown Indicators
| ELS | INVH | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -58.96% | -50.54% | -8.42% |
Max Drawdown (1Y)Largest decline over 1 year | -10.34% | -20.40% | +10.06% |
Max Drawdown (3Y)Largest decline over 3 years | -21.04% | -30.87% | +9.83% |
Max Drawdown (5Y)Largest decline over 5 years | -32.54% | -38.44% | +5.90% |
Max Drawdown (10Y)Largest decline over 10 years | -41.46% | — | — |
Current DrawdownCurrent decline from peak | -15.47% | -23.30% | +7.83% |
Average DrawdownAverage peak-to-trough decline | -9.96% | -13.52% | +3.56% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.29% | 9.83% | -5.54% |
Volatility
ELS vs. INVH - Volatility Comparison
Equity LifeStyle Properties, Inc. (ELS) has a higher volatility of 7.71% compared to Invitation Homes Inc. (INVH) at 5.23%. This indicates that ELS's price experiences larger fluctuations and is considered to be riskier than INVH based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ELS | INVH | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.71% | 5.23% | +2.48% |
Volatility (6M)Calculated over the trailing 6-month period | 13.60% | 15.08% | -1.48% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.29% | 21.16% | -2.87% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 22.19% | 23.25% | -1.06% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 24.18% | 25.44% | -1.26% |
Dividends
ELS vs. INVH - Dividend Comparison
ELS's dividend yield for the trailing twelve months is around 3.25%, less than INVH's 4.00% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ELS Equity LifeStyle Properties, Inc. | 3.25% | 3.40% | 2.87% | 2.54% | 2.54% | 1.65% | 2.16% | 1.74% | 2.27% | 2.19% | 2.36% | 2.25% |
INVH Invitation Homes Inc. | 4.00% | 4.21% | 3.53% | 3.87% | 2.97% | 1.50% | 2.02% | 1.74% | 2.19% | 0.93% | 0.00% | 0.00% |
Financials
ELS vs. INVH - Financials Comparison
This section allows you to compare key financial metrics between Equity LifeStyle Properties, Inc. and Invitation Homes Inc.. You can select fields from income statements, balance sheets, and cash flow statements to easily visualize and compare the financial health of both companies.
Total Revenue: Total amount of money received from sales and other business activities
ELS vs. INVH - Profitability Comparison
ELS - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Aug 2026, Equity LifeStyle Properties, Inc. reported a gross profit of 380.91M and revenue of 397.82M. Therefore, the gross margin over that period was 95.8%.
INVH - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Aug 2026, Invitation Homes Inc. reported a gross profit of 491.84M and revenue of 747.55M. Therefore, the gross margin over that period was 65.8%.
ELS - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Aug 2026, Equity LifeStyle Properties, Inc. reported an operating income of 137.69M and revenue of 397.82M, resulting in an operating margin of 34.6%.
INVH - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Aug 2026, Invitation Homes Inc. reported an operating income of 462.51M and revenue of 747.55M, resulting in an operating margin of 61.9%.
ELS - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Aug 2026, Equity LifeStyle Properties, Inc. reported a net income of 96.32M and revenue of 397.82M, resulting in a net margin of 24.2%.
INVH - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Aug 2026, Invitation Homes Inc. reported a net income of 218.85M and revenue of 747.55M, resulting in a net margin of 29.3%.
Frequently Asked Questions
ELS and INVH have a correlation of 0.53, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
ELS has higher volatility (7.71%) compared to INVH (5.23%). In terms of maximum drawdown, ELS dropped -58.96% vs INVH's -50.54%.
ELS currently has the higher Sharpe Ratio (0.69 vs 0.06), 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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