IARCX vs. JPM

Last updated Jun 4, 2026

IARCX (Invesco Real Estate Fund) is REIT fund managed by Invesco, while JPM (JPMorgan Chase & Co.) is a stock. Over the past 10 years, IARCX returned 3.38%/yr vs 19.77%/yr for JPM. At a 0.43 correlation, their price movements are largely independent.

Performance

IARCX vs. JPM - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Invesco Real Estate Fund (IARCX) and JPMorgan Chase & Co. (JPM). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, IARCX achieves a 10.50% return, which is significantly higher than JPM's -5.73% return. Over the past 10 years, IARCX has underperformed JPM with an annualized return of 3.38%, while JPM has yielded a comparatively higher 19.77% annualized return.

IARCX

• 1D: 0.52%
• 1M: -0.63%
• YTD: 10.50%
• 6M: 9.82%
• 1Y: 8.39%
• 3Y*: 6.04%
• 5Y*: 0.56%
• 10Y*: 3.38%

JPM

• 1D: -0.04%
• 1M: -2.21%
• YTD: -5.73%
• 6M: -2.68%
• 1Y: 15.18%
• 3Y*: 31.87%
• 5Y*: 15.45%
• 10Y*: 19.77%

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

IARCX vs. JPM - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
IARCX Invesco Real Estate Fund	10.50%	-0.91%	1.03%	7.95%	-25.40%	39.81%	-11.68%	26.50%	-6.36%	7.61%
JPM JPMorgan Chase & Co.	-5.73%	37.27%	44.29%	30.63%	-12.64%	27.75%	-5.53%	47.26%	-6.62%	26.76%

Correlation

The correlation between IARCX and JPM is 0.27, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.27
Correlation (3Y) Calculated over the trailing 3-year period	0.36
Correlation (5Y) Calculated over the trailing 5-year period	0.40
Correlation (10Y) Calculated over the trailing 10-year period	0.34
Correlation (All Time) Calculated using the full available price history since May 2, 1995	0.43

The correlation between IARCX and JPM shifts across timeframes, from 0.27 (1 year) to 0.43 (all time), reflecting how their relationship changes across market environments.

Return for Risk

IARCX vs. JPM — Risk / Return Rank

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

IARCX

IARCX Risk / Return Rank: 8
IARCX Sharpe Ratio Rank: 7
IARCX Sortino Ratio Rank: 7
IARCX Omega Ratio Rank: 7
IARCX Calmar Ratio Rank: 10
IARCX Martin Ratio Rank: 9

JPM

JPM Risk / Return Rank: 59
JPM Sharpe Ratio Rank: 63
JPM Sortino Ratio Rank: 55
JPM Omega Ratio Rank: 54
JPM Calmar Ratio Rank: 61
JPM Martin Ratio Rank: 62

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.

IARCX vs. JPM - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco Real Estate Fund (IARCX) and JPMorgan Chase & Co. (JPM). 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.

	IARCX	JPM	Difference
Sharpe ratio: Return per unit of total volatility	0.60	0.71	-0.11
Sortino ratio: Return per unit of downside risk	0.89	1.06	-0.18
Omega ratio: Gain probability vs. loss probability	1.11	1.14	-0.02
Calmar ratio: Return relative to maximum drawdown	0.97	0.99	-0.01
Martin ratio: Return relative to average drawdown	2.73	2.36	+0.37
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

IARCX vs. JPM - Sharpe Ratio Comparison

The current IARCX Sharpe Ratio is 0.60, which is comparable to the JPM Sharpe Ratio of 0.71. The chart below compares the historical Sharpe Ratios of IARCX and JPM, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	IARCX	JPM	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.60	0.71	-0.11
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.03	0.64	-0.61
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.16	0.72	-0.56
Sharpe Ratio (All Time) Calculated using the full available price history	0.02	0.34	-0.32

Drawdowns

IARCX vs. JPM - Drawdown Comparison

The maximum IARCX drawdown since its inception was -82.76%, which is greater than JPM's maximum drawdown of -76.16%. Use the drawdown chart below to compare losses from any high point for IARCX and JPM.

Drawdown Indicators

	IARCX	JPM	Difference
Max Drawdown Largest peak-to-trough decline	-82.76%	-76.16%	-6.60%
Max Drawdown (1Y) Largest decline over 1 year	-8.18%	-15.47%	+7.29%
Max Drawdown (3Y) Largest decline over 3 years	-18.05%	-24.42%	+6.37%
Max Drawdown (5Y) Largest decline over 5 years	-34.83%	-38.77%	+3.94%
Max Drawdown (10Y) Largest decline over 10 years	-42.45%	-43.63%	+1.18%
Current Drawdown Current decline from peak	-10.92%	-9.63%	-1.29%
Average Drawdown Average peak-to-trough decline	-36.14%	-17.62%	-18.52%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.90%	6.46%	-3.56%

Volatility

IARCX vs. JPM - Volatility Comparison

The current volatility for Invesco Real Estate Fund (IARCX) is 4.03%, while JPMorgan Chase & Co. (JPM) has a volatility of 6.39%. This indicates that IARCX experiences smaller price fluctuations and is considered to be less risky than JPM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	IARCX	JPM	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.03%	6.39%	-2.36%
Volatility (6M) Calculated over the trailing 6-month period	9.59%	17.16%	-7.57%
Volatility (1Y) Calculated over the trailing 1-year period	13.13%	21.41%	-8.28%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.73%	24.41%	-5.68%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	20.84%	27.37%	-6.53%

Dividends

IARCX vs. JPM - Dividend Comparison

IARCX's dividend yield for the trailing twelve months is around 4.65%, more than JPM's 1.96% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
IARCX Invesco Real Estate Fund	4.65%	5.26%	3.66%	2.50%	9.87%	4.94%	6.58%	7.98%	6.65%	5.22%	14.83%	16.26%
JPM JPMorgan Chase & Co.	1.96%	1.72%	1.92%	2.38%	2.98%	2.34%	2.83%	2.37%	2.54%	1.91%	2.13%	2.54%

Frequently Asked Questions

Can I hold both IARCX and JPM in my portfolio?

IARCX and JPM have a correlation of 0.27, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, IARCX or JPM?

JPM has higher volatility (6.39%) compared to IARCX (4.03%). In terms of maximum drawdown, IARCX dropped -82.76% vs JPM's -76.16%.

Which has better risk-adjusted returns?

JPM currently has the higher Sharpe Ratio (0.71 vs 0.60), 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.