IARCX vs. VNQ
Compare and contrast key facts about Invesco Real Estate Fund (IARCX) and Vanguard Real Estate ETF (VNQ).
IARCX is managed by Invesco. It was launched on May 1, 1995. VNQ is a passively managed fund by Vanguard that tracks the performance of the MSCI US Investable Market Real Estate 25/50 Index. It was launched on Sep 23, 2004.
Performance
IARCX vs. VNQ - Performance Comparison
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IARCX vs. VNQ - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
IARCX Invesco Real Estate Fund | 3.12% | -0.91% | 1.03% | 7.95% | -25.40% | 39.81% | -11.68% | 26.50% | -6.36% | 7.61% |
VNQ Vanguard Real Estate ETF | 1.67% | 3.24% | 4.81% | 11.85% | -26.25% | 40.54% | -4.61% | 28.91% | -6.03% | 4.90% |
Returns By Period
In the year-to-date period, IARCX achieves a 3.12% return, which is significantly higher than VNQ's 1.67% return. Over the past 10 years, IARCX has underperformed VNQ with an annualized return of 2.71%, while VNQ has yielded a comparatively higher 4.69% annualized return.
IARCX
- 1D
- 1.63%
- 1M
- -6.51%
- YTD
- 3.12%
- 6M
- 0.90%
- 1Y
- 0.19%
- 3Y*
- 3.02%
- 5Y*
- 1.07%
- 10Y*
- 2.71%
VNQ
- 1D
- 0.36%
- 1M
- -6.21%
- YTD
- 1.67%
- 6M
- -0.84%
- 1Y
- 2.18%
- 3Y*
- 6.57%
- 5Y*
- 2.86%
- 10Y*
- 4.69%
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IARCX vs. VNQ - Expense Ratio Comparison
IARCX has a 1.98% expense ratio, which is higher than VNQ's 0.13% expense ratio.
Return for Risk
IARCX vs. VNQ — Risk / Return Rank
IARCX
VNQ
IARCX vs. VNQ - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco Real Estate Fund (IARCX) and Vanguard Real Estate ETF (VNQ). 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 | VNQ | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.02 | 0.13 | -0.12 |
Sortino ratioReturn per unit of downside risk | 0.13 | 0.30 | -0.17 |
Omega ratioGain probability vs. loss probability | 1.02 | 1.04 | -0.02 |
Calmar ratioReturn relative to maximum drawdown | 0.09 | 0.18 | -0.08 |
Martin ratioReturn relative to average drawdown | 0.35 | 0.70 | -0.35 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| IARCX | VNQ | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.02 | 0.13 | -0.12 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.06 | 0.15 | -0.10 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.13 | 0.23 | -0.10 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.02 | 0.26 | -0.24 |
Correlation
The correlation between IARCX and VNQ is 0.98, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Dividends
IARCX vs. VNQ - Dividend Comparison
IARCX's dividend yield for the trailing twelve months is around 4.99%, more than VNQ's 3.92% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IARCX Invesco Real Estate Fund | 4.99% | 5.26% | 3.66% | 2.50% | 9.87% | 4.94% | 6.58% | 7.98% | 6.65% | 5.22% | 14.83% | 16.26% |
VNQ Vanguard Real Estate ETF | 3.92% | 3.92% | 3.85% | 3.95% | 3.91% | 2.56% | 3.93% | 3.39% | 4.74% | 4.23% | 4.82% | 3.92% |
Drawdowns
IARCX vs. VNQ - Drawdown Comparison
The maximum IARCX drawdown since its inception was -82.76%, which is greater than VNQ's maximum drawdown of -73.07%. Use the drawdown chart below to compare losses from any high point for IARCX and VNQ.
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Drawdown Indicators
| IARCX | VNQ | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -82.76% | -73.07% | -9.69% |
Max Drawdown (1Y)Largest decline over 1 year | -12.12% | -12.44% | +0.32% |
Max Drawdown (5Y)Largest decline over 5 years | -34.83% | -34.48% | -0.35% |
Max Drawdown (10Y)Largest decline over 10 years | -42.45% | -42.40% | -0.05% |
Current DrawdownCurrent decline from peak | -16.87% | -9.24% | -7.63% |
Average DrawdownAverage peak-to-trough decline | -36.26% | -13.71% | -22.55% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.30% | 3.21% | +0.09% |
Volatility
IARCX vs. VNQ - Volatility Comparison
Invesco Real Estate Fund (IARCX) and Vanguard Real Estate ETF (VNQ) have volatilities of 4.68% and 4.57%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IARCX | VNQ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.68% | 4.57% | +0.11% |
Volatility (6M)Calculated over the trailing 6-month period | 9.28% | 9.28% | 0.00% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.00% | 16.31% | -0.31% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.73% | 18.80% | -0.07% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.83% | 20.70% | +0.13% |