GBLD vs. WELL

Last updated Jun 4, 2026

GBLD (Invesco MSCI Green Building ETF) is Sustainable fund tracking the MSCI Global Green Building Index, while WELL (Welltower Inc.) is a stock. At a 0.49 correlation, their price movements are largely independent.

Performance

GBLD vs. WELL - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Invesco MSCI Green Building ETF (GBLD) and Welltower Inc. (WELL). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

GBLD

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

WELL

• 1D: 2.17%
• 1M: -7.77%
• YTD: 8.28%
• 6M: -0.46%
• 1Y: 33.15%
• 3Y*: 41.00%
• 5Y*: 24.18%
• 10Y*: 14.94%

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

GBLD vs. WELL - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
GBLD Invesco MSCI Green Building ETF	4.52%	17.95%	-5.63%	6.39%	-21.69%	-2.45%
WELL Welltower Inc.	8.28%	49.86%	43.07%	41.79%	-21.18%	15.99%

Correlation

The correlation between GBLD and WELL is 0.21, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.21
Correlation (3Y) Calculated over the trailing 3-year period	0.39
Correlation (5Y) Calculated over the trailing 5-year period	0.49
Correlation (All Time) Calculated using the full available price history since Apr 23, 2021	0.49

Over the past year, the correlation between GBLD and WELL has dropped to 0.21 - well below their long-term average of 0.49, suggesting their price drivers have been diverging.

Return for Risk

GBLD vs. WELL — Risk / Return Rank

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

WELL

WELL Risk / Return Rank: 79
WELL Sharpe Ratio Rank: 82
WELL Sortino Ratio Rank: 77
WELL Omega Ratio Rank: 76
WELL Calmar Ratio Rank: 79
WELL Martin Ratio Rank: 79

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.

GBLD vs. WELL - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco MSCI Green Building ETF (GBLD) and Welltower Inc. (WELL). 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.

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

Sharpe Ratios by Period

	GBLD	WELL	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	1.59	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	1.03	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.47	—
Sharpe Ratio (All Time) Calculated using the full available price history	—	0.56	—

Drawdowns

Drawdown Indicators

	GBLD	WELL	Difference
Max Drawdown Largest peak-to-trough decline	—	-63.33%	—
Max Drawdown (1Y) Largest decline over 1 year	—	-12.61%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-12.99%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-40.78%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-63.33%	—
Current Drawdown Current decline from peak	—	-9.33%	—
Average Drawdown Average peak-to-trough decline	—	-10.32%	—
Ulcer Index Depth and duration of drawdowns from previous peaks	—	5.02%	—

Volatility

Volatility by Period

	GBLD	WELL	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	7.54%	—
Volatility (6M) Calculated over the trailing 6-month period	—	16.49%	—
Volatility (1Y) Calculated over the trailing 1-year period	—	21.07%	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	—	23.68%	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	—	31.86%	—

Dividends

GBLD vs. WELL - Dividend Comparison

GBLD's dividend yield for the trailing twelve months is around 3.45%, more than WELL's 1.48% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
GBLD Invesco MSCI Green Building ETF	3.45%	3.27%	5.34%	6.60%	3.79%	3.16%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
WELL Welltower Inc.	1.48%	1.52%	2.03%	2.71%	3.72%	2.84%	4.18%	4.26%	5.01%	5.46%	5.14%	4.85%

Frequently Asked Questions

Can I hold both GBLD and WELL in my portfolio?

GBLD and WELL have a correlation of 0.21, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.