IJJ vs. PSR
IJJ (iShares S&P Mid-Cap 400 Value ETF) and PSR (Invesco Active U.S. Real Estate Fund) are both exchange-traded funds - IJJ is a Mid Cap Value Equities fund tracking the S&P MidCap 400 Value Index, while PSR is a REIT fund actively managed by Invesco. IJJ is passively managed, while PSR is actively managed. Over the past 10 years, IJJ returned 10.75%/yr vs 5.88%/yr for PSR. A 0.59 correlation means they provide meaningful diversification when combined. IJJ charges 0.18%/yr vs 0.35%/yr for PSR.
Performance
IJJ vs. PSR - Performance Comparison
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Returns By Period
In the year-to-date period, IJJ achieves a 10.52% return, which is significantly lower than PSR's 16.36% return. Over the past 10 years, IJJ has outperformed PSR with an annualized return of 10.75%, while PSR has yielded a comparatively lower 5.88% annualized return.
IJJ
- 1D
- -0.39%
- 1M
- 2.84%
- YTD
- 10.52%
- 6M
- 8.99%
- 1Y
- 20.40%
- 3Y*
- 14.17%
- 5Y*
- 8.31%
- 10Y*
- 10.75%
PSR
- 1D
- 1.41%
- 1M
- 1.61%
- YTD
- 16.36%
- 6M
- 16.93%
- 1Y
- 14.68%
- 3Y*
- 11.12%
- 5Y*
- 2.80%
- 10Y*
- 5.88%
IJJ vs. PSR - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
IJJ iShares S&P Mid-Cap 400 Value ETF | 10.52% | 7.27% | 11.63% | 15.24% | -7.11% | 30.45% | 3.56% | 25.66% | -12.06% | 12.04% |
PSR Invesco Active U.S. Real Estate Fund | 16.36% | 2.63% | 1.79% | 8.34% | -25.52% | 41.71% | -6.04% | 28.76% | -4.58% | 11.95% |
Correlation
The correlation between IJJ and PSR is 0.57, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.57 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.65 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.68 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.59 |
Correlation (All Time) Calculated using the full available price history since Nov 21, 2008 | 0.59 |
The correlation between IJJ and PSR shifts across timeframes, from 0.57 (1 year) to 0.68 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
IJJ vs. PSR — Risk / Return Rank
IJJ
PSR
IJJ vs. PSR - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares S&P Mid-Cap 400 Value ETF (IJJ) and Invesco Active U.S. Real Estate Fund (PSR). 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.
| IJJ | PSR | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.26 | ||
| Sortino ratioReturn per unit of downside risk | +0.53 | ||
| Omega ratioGain probability vs. loss probability | 1.24 | 1.19 | +0.04 |
| Calmar ratioReturn relative to maximum drawdown | 1.93 | 1.77 | +0.17 |
| Martin ratioReturn relative to average drawdown | 6.68 | 5.53 | +1.16 |
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Drawdowns
IJJ vs. PSR - Drawdown Comparison
The maximum IJJ drawdown since its inception was -58.00%, which is greater than PSR's maximum drawdown of -42.31%. Use the drawdown chart below to compare losses from any high point for IJJ and PSR.
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Drawdown Indicators
| IJJ | PSR | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -58.00% | -42.31% | -15.69% |
Max Drawdown (1Y)Largest decline over 1 year | -10.59% | -8.33% | -2.26% |
Max Drawdown (3Y)Largest decline over 3 years | -22.68% | -16.58% | -6.10% |
Max Drawdown (5Y)Largest decline over 5 years | -22.68% | -34.81% | +12.13% |
Max Drawdown (10Y)Largest decline over 10 years | -46.11% | -42.31% | -3.80% |
Current DrawdownCurrent decline from peak | -1.25% | -1.92% | +0.67% |
Average DrawdownAverage peak-to-trough decline | -7.92% | -9.31% | +1.39% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.06% | 2.66% | +0.40% |
Volatility
IJJ vs. PSR - Volatility Comparison
The current volatility for iShares S&P Mid-Cap 400 Value ETF (IJJ) is 3.94%, while Invesco Active U.S. Real Estate Fund (PSR) has a volatility of 5.32%. This indicates that IJJ experiences smaller price fluctuations and is considered to be less risky than PSR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IJJ | PSR | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.94% | 5.32% | -1.38% |
Volatility (6M)Calculated over the trailing 6-month period | 10.84% | 10.46% | +0.38% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.43% | 13.80% | +1.63% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.52% | 18.58% | +0.94% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 22.01% | 20.36% | +1.65% |
IJJ vs. PSR - Expense Ratio Comparison
IJJ has a 0.18% expense ratio, which is lower than PSR's 0.35% expense ratio.
Dividends
IJJ vs. PSR - Dividend Comparison
IJJ's dividend yield for the trailing twelve months is around 1.62%, less than PSR's 2.54% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IJJ iShares S&P Mid-Cap 400 Value ETF | 1.62% | 1.79% | 1.81% | 1.68% | 1.97% | 1.62% | 1.78% | 1.70% | 2.01% | 1.52% | 1.67% | 1.83% |
PSR Invesco Active U.S. Real Estate Fund | 2.54% | 2.56% | 3.06% | 2.93% | 2.95% | 2.12% | 3.09% | 2.55% | 2.64% | 0.14% | 3.60% | 3.20% |
Frequently Asked Questions
IJJ and PSR have a correlation of 0.57, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
PSR has higher volatility (5.32%) compared to IJJ (3.94%). In terms of maximum drawdown, IJJ dropped -58.00% vs PSR's -42.31%.
On 10-year performance, IJJ leads with 10.75% vs 5.88% for PSR. On fees, IJJ is cheaper at 0.18% per year. On volatility, IJJ has been the lower-risk option at 3.94%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 10-year period, IJJ has performed better with a 10.75% return vs 5.88%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
IJJ is cheaper with a 0.18% expense ratio, compared with 0.35% for PSR.
PSR has the higher dividend yield at 2.54%, compared with 1.62% for IJJ.
IJJ is categorized as Mid Cap Value Equities, while PSR is REIT. They also come from different issuers: iShares and Invesco. Their fees differ too: 0.18% for IJJ and 0.35% for PSR.
IJJ currently has the higher Sharpe Ratio (1.33 vs 1.07), 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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