GQRE vs. IVRA

Last updated Aug 5, 2026

GQRE (FlexShares Global Quality Real Estate Index Fund) and IVRA (Invesco Real Assets ESG ETF) are both exchange-traded funds - GQRE is a Quality Factor fund tracking the Northern Trust Global Quality Real Estate (NR), while IVRA is a ESG fund actively managed by Invesco. GQRE is passively managed, while IVRA is actively managed. Their correlation of 0.83 means they have usually moved in the same direction. GQRE charges 0.45%/yr vs 0.59%/yr for IVRA.

Performance

GQRE vs. IVRA - Performance Comparison

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

Returns By Period

GQRE

• 1D: -0.25%
• 1M: 0.70%
• 6M: 7.91%
• YTD: 11.97%
• 1Y: 15.04%
• 3Y*: 11.26%
• 5Y*: 2.21%
• 10Y*: 3.74%
• ALL TIME*: 5.21%

IVRA

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

*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)
GQRE FlexShares Global Quality Real Estate Index Fund	$1.01M	$668.95K	$807.17K

GQRE vs. IVRA - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020
GQRE FlexShares Global Quality Real Estate Index Fund	11.97%	8.27%	6.09%	9.21%	-27.22%	32.01%	2.36%
IVRA Invesco Real Assets ESG ETF	11.70%	10.20%	13.07%	9.13%	-10.00%	32.74%	1.28%

Correlation

The correlation between GQRE and IVRA is 0.56, 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.	0.56
Correlation (3Y) Balances recent behavior with more history.	0.79
Correlation (5Y) Shows whether the relationship held over a longer period.	0.84
Correlation (All Time) Calculated using the full available price history since Dec 22, 2020	0.83

Over the past year, the correlation between GQRE and IVRA has dropped to 0.56 - well below their long-term average of 0.83, suggesting their price drivers have been diverging.

Return for Risk

GQRE vs. IVRA — Risk / Return Rank

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

GQRE

GQRE Risk / Return Rank: 43
GQRE Sharpe Ratio Rank: 45
GQRE Sortino Ratio Rank: 44
GQRE Omega Ratio Rank: 43
GQRE Calmar Ratio Rank: 38
GQRE Martin Ratio Rank: 46

IVRA

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

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.

GQRE vs. IVRA - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for FlexShares Global Quality Real Estate Index Fund (GQRE) 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.

	GQRE	IVRA	Difference
Sharpe ratio: Return per unit of total volatility	1.29	—	—
Sortino ratio: Return per unit of downside risk	1.82	—	—
Omega ratio: Gain probability vs. loss probability	1.23	—	—
Calmar ratio: Return relative to maximum drawdown	1.49	—	—
Martin ratio: Return relative to average drawdown	5.74	—	—

Drawdowns

Drawdown Indicators

	GQRE	IVRA	Difference
Max Drawdown Largest peak-to-trough decline	-41.87%	—	—
Max Drawdown (1Y) Largest decline over 1 year	-10.15%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-15.18%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-35.08%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-41.87%	—	—
Current Drawdown Current decline from peak	-2.18%	—	—
Average Drawdown Average peak-to-trough decline	-9.13%	—	—
Ulcer Index Depth and duration of drawdowns from previous peaks	2.63%	—	—

Volatility

Volatility by Period

	GQRE	IVRA	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.25%	—	—
Volatility (6M) Calculated over the trailing 6-month period	9.37%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	11.72%	—	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.45%	—	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.64%	—	—

GQRE vs. IVRA - Expense Ratio Comparison

GQRE has a 0.45% expense ratio, which is lower than IVRA's 0.59% expense ratio.

Dividends

GQRE vs. IVRA - Dividend Comparison

GQRE's dividend yield for the trailing twelve months is around 4.19%, while IVRA has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
GQRE FlexShares Global Quality Real Estate Index Fund	4.19%	4.75%	3.77%	2.91%	2.56%	2.36%	2.05%	4.29%	3.22%	1.97%	4.16%	2.32%
IVRA Invesco Real Assets ESG ETF	16.54%	5.68%	3.71%	2.47%	2.30%	3.01%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both GQRE and IVRA in my portfolio?

GQRE and IVRA have a correlation of 0.56, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, GQRE or IVRA?

On fees, GQRE is cheaper at 0.45% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, GQRE or IVRA?

GQRE is cheaper with a 0.45% expense ratio, compared with 0.59% for IVRA.

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

IVRA has the higher dividend yield at 16.54%, compared with 4.19% for GQRE.

What is the main difference between GQRE and IVRA?

GQRE is categorized as Quality Factor, while IVRA is ESG. They also come from different issuers: Northern Trust and Invesco. Their fees differ too: 0.45% for GQRE and 0.59% for IVRA.