INVH vs. ELS
INVH (Invitation Homes Inc.) and ELS (Equity LifeStyle Properties, Inc.) are both stocks. Both operate in the REIT - Residential industry within the Real Estate sector. Over the past 5 years, INVH returned -1.71%/yr vs -0.66%/yr for ELS. A 0.63 correlation means they provide meaningful diversification when combined.
Performance
INVH vs. ELS - Performance Comparison
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Returns By Period
In the year-to-date period, INVH achieves a 5.15% return, which is significantly higher than ELS's 2.27% return.
INVH
- 1D
- -0.79%
- 1M
- 1.19%
- YTD
- 5.15%
- 6M
- 5.90%
- 1Y
- -10.58%
- 3Y*
- -2.32%
- 5Y*
- -1.71%
- 10Y*
- —
ELS
- 1D
- 1.12%
- 1M
- -2.18%
- YTD
- 2.27%
- 6M
- -0.05%
- 1Y
- 0.25%
- 3Y*
- 0.60%
- 5Y*
- -0.66%
- 10Y*
- 7.87%
INVH vs. ELS - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
INVH Invitation Homes Inc. | 5.15% | -9.68% | -3.13% | 19.71% | -33.04% | 55.58% | 1.19% | 52.27% | -13.10% | 19.03% |
ELS Equity LifeStyle Properties, Inc. | 2.27% | -5.93% | -2.83% | 12.18% | -24.50% | 41.01% | -7.83% | 47.80% | 11.76% | 25.49% |
Correlation
The correlation between INVH and ELS is 0.50, 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 | 0.50 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.56 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.65 |
Correlation (All Time) Calculated using the full available price history since Feb 2, 2017 | 0.63 |
The correlation between INVH and ELS shifts across timeframes, from 0.50 (1 year) to 0.65 (5 years), reflecting how their relationship changes across market environments.
Fundamentals
INVH:
$0.96
ELS:
$2.59
INVH:
30.11
ELS:
23.72
INVH:
1.31
ELS:
2.97
INVH:
6.49
ELS:
5.91
INVH:
$2.73B
ELS:
$1.56B
INVH:
$1.25B
ELS:
$637.59M
INVH:
$1.64B
ELS:
$702.66M
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Return for Risk
INVH vs. ELS — Risk / Return Rank
INVH
ELS
INVH vs. ELS - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invitation Homes Inc. (INVH) and Equity LifeStyle Properties, Inc. (ELS). 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.
| INVH | ELS | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | -0.52 | 0.02 | -0.53 |
Sortino ratioReturn per unit of downside risk | -0.61 | 0.14 | -0.75 |
Omega ratioGain probability vs. loss probability | 0.93 | 1.02 | -0.09 |
Calmar ratioReturn relative to maximum drawdown | -0.41 | 0.00 | -0.41 |
Martin ratioReturn relative to average drawdown | -0.70 | 0.00 | -0.70 |
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
| INVH | ELS | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.52 | 0.02 | -0.53 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.07 | -0.03 | -0.04 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.33 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.26 | 0.50 | -0.23 |
Drawdowns
INVH vs. ELS - Drawdown Comparison
The maximum INVH drawdown since its inception was -50.54%, smaller than the maximum ELS drawdown of -58.96%. Use the drawdown chart below to compare losses from any high point for INVH and ELS.
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Drawdown Indicators
| INVH | ELS | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -50.54% | -58.96% | +8.42% |
Max Drawdown (1Y)Largest decline over 1 year | -26.13% | -10.34% | -15.79% |
Max Drawdown (3Y)Largest decline over 3 years | -30.87% | -21.04% | -9.83% |
Max Drawdown (5Y)Largest decline over 5 years | -38.44% | -32.54% | -5.90% |
Max Drawdown (10Y)Largest decline over 10 years | — | -41.46% | — |
Current DrawdownCurrent decline from peak | -26.25% | -20.86% | -5.39% |
Average DrawdownAverage peak-to-trough decline | -13.34% | -9.93% | -3.41% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 15.33% | 4.29% | +11.04% |
Volatility
INVH vs. ELS - Volatility Comparison
Invitation Homes Inc. (INVH) has a higher volatility of 4.82% compared to Equity LifeStyle Properties, Inc. (ELS) at 4.52%. This indicates that INVH's price experiences larger fluctuations and is considered to be riskier than ELS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| INVH | ELS | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.82% | 4.52% | +0.30% |
Volatility (6M)Calculated over the trailing 6-month period | 16.29% | 11.82% | +4.47% |
Volatility (1Y)Calculated over the trailing 1-year period | 20.55% | 16.95% | +3.60% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 23.19% | 21.98% | +1.21% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 25.52% | 24.08% | +1.44% |
Dividends
INVH vs. ELS - Dividend Comparison
INVH's dividend yield for the trailing twelve months is around 4.09%, more than ELS's 3.40% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ELS Equity LifeStyle Properties, Inc. | 3.40% | 3.40% | 2.87% | 2.54% | 2.54% | 1.65% | 2.16% | 1.74% | 2.27% | 2.19% | 2.36% | 2.25% |
INVH Invitation Homes Inc. | 4.09% | 4.21% | 3.53% | 3.87% | 2.97% | 1.50% | 2.02% | 1.74% | 2.19% | 0.93% | 0.00% | 0.00% |
Financials
INVH vs. ELS - Financials Comparison
This section allows you to compare key financial metrics between Invitation Homes Inc. and Equity LifeStyle Properties, Inc.. You can select fields from income statements, balance sheets, and cash flow statements to easily visualize and compare the financial health of both companies.
Total Revenue: Total amount of money received from sales and other business activities
INVH vs. ELS - Profitability Comparison
INVH - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Invitation Homes Inc. reported a gross profit of 21.19M and revenue of 685.25M. Therefore, the gross margin over that period was 3.1%.
ELS - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Equity LifeStyle Properties, Inc. reported a gross profit of 254.48M and revenue of 397.62M. Therefore, the gross margin over that period was 64.0%.
INVH - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Invitation Homes Inc. reported an operating income of 187.06M and revenue of 685.25M, resulting in an operating margin of 27.3%.
ELS - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Equity LifeStyle Properties, Inc. reported an operating income of 239.54M and revenue of 397.62M, resulting in an operating margin of 60.2%.
INVH - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Invitation Homes Inc. reported a net income of 144.55M and revenue of 685.25M, resulting in a net margin of 21.1%.
ELS - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Equity LifeStyle Properties, Inc. reported a net income of 111.49M and revenue of 397.62M, resulting in a net margin of 28.0%.
Frequently Asked Questions
INVH and ELS have a correlation of 0.50, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
INVH has higher volatility (4.82%) compared to ELS (4.52%). In terms of maximum drawdown, INVH dropped -50.54% vs ELS's -58.96%.
ELS currently has the higher Sharpe Ratio (0.01 vs -0.52), 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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