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 -1.29%/yr vs -2.45%/yr for INVH. A 0.63 correlation means they provide meaningful diversification when combined.
Performance
ELS vs. INVH - Performance Comparison
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Returns By Period
In the year-to-date period, ELS achieves a 3.20% return, which is significantly lower than INVH's 3.59% return.
ELS
- 1D
- -0.29%
- 1M
- -2.42%
- YTD
- 3.20%
- 6M
- 2.93%
- 1Y
- 2.15%
- 3Y*
- 1.32%
- 5Y*
- -1.29%
- 10Y*
- 7.73%
INVH
- 1D
- 0.11%
- 1M
- -2.90%
- YTD
- 3.59%
- 6M
- 6.46%
- 1Y
- -12.07%
- 3Y*
- -1.11%
- 5Y*
- -2.45%
- 10Y*
- —
ELS vs. INVH - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
ELS Equity LifeStyle Properties, Inc. | 3.20% | -5.93% | -2.83% | 12.18% | -24.50% | 41.01% | -7.83% | 47.80% | 11.76% | 23.23% |
INVH Invitation Homes Inc. | 3.59% | -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 0.52, 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 | 0.52 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.57 |
Correlation (5Y) Calculated over the trailing 5-year 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 0.52 (1 year) to 0.65 (5 years), reflecting how their relationship changes across market environments.
Fundamentals
ELS:
$2.59
INVH:
$0.96
ELS:
23.94
INVH:
29.66
ELS:
3.00
INVH:
1.29
ELS:
5.96
INVH:
6.39
ELS:
$1.56B
INVH:
$2.73B
ELS:
$637.59M
INVH:
$1.25B
ELS:
$702.66M
INVH:
$1.64B
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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 | +0.70 | ||
| Sortino ratioReturn per unit of downside risk | +1.00 | ||
| Omega ratioGain probability vs. loss probability | 1.03 | 0.92 | +0.12 |
| Calmar ratioReturn relative to maximum drawdown | 0.21 | -0.46 | +0.67 |
| Martin ratioReturn relative to average drawdown | 0.47 | -0.78 | +1.25 |
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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% | -26.13% | +15.79% |
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 | -20.14% | -27.35% | +7.21% |
Average DrawdownAverage peak-to-trough decline | -9.94% | -13.41% | +3.47% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.58% | 15.51% | -10.93% |
Volatility
ELS vs. INVH - Volatility Comparison
Equity LifeStyle Properties, Inc. (ELS) has a higher volatility of 5.85% compared to Invitation Homes Inc. (INVH) at 4.98%. 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 | 5.85% | 4.98% | +0.87% |
Volatility (6M)Calculated over the trailing 6-month period | 12.14% | 16.22% | -4.08% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.44% | 20.93% | -3.49% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 22.03% | 23.20% | -1.17% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 24.11% | 25.49% | -1.38% |
Dividends
ELS vs. INVH - Dividend Comparison
ELS's dividend yield for the trailing twelve months is around 3.37%, less than INVH's 4.15% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ELS Equity LifeStyle Properties, Inc. | 3.37% | 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. | 4.15% | 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 Jun 2026, Equity LifeStyle Properties, Inc. reported a gross profit of 254.48M and revenue of 397.62M. Therefore, the gross margin over that period was 64.0%.
INVH - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Invitation Homes Inc. reported a gross profit of 21.19M and revenue of 685.25M. Therefore, the gross margin over that period was 3.1%.
ELS - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Equity LifeStyle Properties, Inc. reported an operating income of 239.54M and revenue of 397.62M, resulting in an operating margin of 60.2%.
INVH - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Invitation Homes Inc. reported an operating income of 187.06M and revenue of 685.25M, resulting in an operating margin of 27.3%.
ELS - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Equity LifeStyle Properties, Inc. reported a net income of 111.49M and revenue of 397.62M, resulting in a net margin of 28.0%.
INVH - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Invitation Homes Inc. reported a net income of 144.55M and revenue of 685.25M, resulting in a net margin of 21.1%.
Frequently Asked Questions
ELS and INVH have a correlation of 0.52, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
ELS has higher volatility (5.85%) compared to INVH (4.98%). In terms of maximum drawdown, ELS dropped -58.96% vs INVH's -50.54%.
ELS currently has the higher Sharpe Ratio (0.12 vs -0.58), 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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