IARCX vs. HLRRX
IARCX (Invesco Real Estate Fund) and HLRRX (LDR High Income Realty Fund) are both REIT funds. Over the past 10 years, IARCX returned 3.19%/yr vs 4.33%/yr for HLRRX. Their correlation of 0.88 means they have usually moved in the same direction. IARCX charges 1.98%/yr vs 1.14%/yr for HLRRX.
Performance
IARCX vs. HLRRX - Performance Comparison
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Returns By Period
The year-to-date returns for both stocks are quite close, with IARCX having a 16.61% return and HLRRX slightly lower at 16.31%. Over the past 10 years, IARCX has underperformed HLRRX with an annualized return of 3.19%, while HLRRX has yielded a comparatively higher 4.33% annualized return.
IARCX
- 1D
- -0.27%
- 1M
- 1.44%
- 6M
- 13.44%
- YTD
- 16.61%
- 1Y
- 15.84%
- 3Y*
- 7.78%
- 5Y*
- 0.74%
- 10Y*
- 3.19%
- ALL TIME*
- 3.86%
HLRRX
- 1D
- 0.20%
- 1M
- 1.93%
- 6M
- 12.10%
- YTD
- 16.31%
- 1Y
- 13.69%
- 3Y*
- 6.66%
- 5Y*
- 1.78%
- 10Y*
- 4.33%
- ALL TIME*
- 7.77%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $0.00 | $0.00 | $0.00 |
IARCX vs. HLRRX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
IARCX Invesco Real Estate Fund | 16.61% | -0.91% | 1.03% | 7.95% | -25.40% | 39.81% | -11.68% | 26.50% | -6.36% | 7.61% |
HLRRX LDR High Income Realty Fund | 16.31% | -9.13% | 9.45% | 10.50% | -21.40% | 40.50% | -3.78% | 31.75% | -13.63% | -1.24% |
Correlation
The correlation between IARCX and HLRRX is 0.82, meaning they have usually moved in the same direction, including during past declines.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.82 |
Correlation (3Y) Balances recent behavior with more history. | 0.85 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.86 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.84 |
Correlation (All Time) Calculated using the full available price history since Dec 16, 2002 | 0.88 |
The correlation between IARCX and HLRRX has been stable across timeframes, ranging from 0.82 to 0.88 - a consistent structural relationship.
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Return for Risk
IARCX vs. HLRRX — Risk / Return Rank
IARCX
HLRRX
IARCX vs. HLRRX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco Real Estate Fund (IARCX) and LDR High Income Realty Fund (HLRRX). 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.
| IARCX | HLRRX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.01 | ||
| Sortino ratioReturn per unit of downside risk | -0.03 | ||
| Omega ratioGain probability vs. loss probability | 1.21 | 1.21 | 0.00 |
| Calmar ratioReturn relative to maximum drawdown | 1.99 | 2.25 | -0.26 |
| Martin ratioReturn relative to average drawdown | 6.46 | 6.06 | +0.40 |
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Drawdowns
IARCX vs. HLRRX - Drawdown Comparison
The maximum IARCX drawdown since its inception was -82.76%, which is greater than HLRRX's maximum drawdown of -62.78%. Use the drawdown chart below to compare losses from any high point for IARCX and HLRRX.
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Drawdown Indicators
| IARCX | HLRRX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -82.76% | -62.78% | -19.98% |
Max Drawdown (1Y)Largest decline over 1 year | -8.18% | -6.26% | -1.92% |
Max Drawdown (3Y)Largest decline over 3 years | -18.05% | -21.04% | +2.99% |
Max Drawdown (5Y)Largest decline over 5 years | -34.83% | -28.99% | -5.84% |
Max Drawdown (10Y)Largest decline over 10 years | -42.45% | -48.13% | +5.68% |
Current DrawdownCurrent decline from peak | -5.99% | -1.96% | -4.03% |
Average DrawdownAverage peak-to-trough decline | -35.96% | -8.46% | -27.50% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.51% | 2.32% | +0.19% |
Volatility
IARCX vs. HLRRX - Volatility Comparison
Invesco Real Estate Fund (IARCX) has a higher volatility of 4.19% compared to LDR High Income Realty Fund (HLRRX) at 2.61%. This indicates that IARCX's price experiences larger fluctuations and is considered to be riskier than HLRRX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IARCX | HLRRX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.19% | 2.61% | +1.58% |
Volatility (6M)Calculated over the trailing 6-month period | 10.75% | 7.93% | +2.82% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.70% | 11.97% | +1.73% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.81% | 17.18% | +1.63% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.89% | 20.79% | +0.10% |
IARCX vs. HLRRX - Expense Ratio Comparison
IARCX has a 1.98% expense ratio, which is higher than HLRRX's 1.14% expense ratio.
Dividends
IARCX vs. HLRRX - Dividend Comparison
IARCX's dividend yield for the trailing twelve months is around 4.32%, less than HLRRX's 11.99% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
HLRRX LDR High Income Realty Fund | 11.99% | 9.39% | 4.93% | 5.50% | 13.71% | 17.02% | 9.10% | 2.44% | 2.68% | 17.61% | 15.94% | 10.13% |
IARCX Invesco Real Estate Fund | 4.32% | 5.26% | 3.66% | 2.50% | 9.87% | 4.94% | 6.58% | 7.98% | 6.65% | 5.22% | 14.83% | 16.26% |
Frequently Asked Questions
IARCX and HLRRX have a correlation of 0.82, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
IARCX has higher volatility (4.19%) compared to HLRRX (2.61%). In terms of maximum drawdown, IARCX dropped -82.76% vs HLRRX's -62.78%.
IARCX currently has the higher Sharpe Ratio (1.19 vs 1.18), 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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