INVH vs. NGG
INVH (Invitation Homes Inc.) and NGG (National Grid plc) are both stocks. INVH operates in REIT - Residential (Real Estate), while NGG operates in Utilities - Regulated Electric (Utilities). Over the past 5 years, INVH returned -2.26%/yr vs 11.80%/yr for NGG. At a 0.35 correlation, their price movements are largely independent.
Performance
INVH vs. NGG - Performance Comparison
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Returns By Period
The year-to-date returns for both stocks are quite close, with INVH having a 10.79% return and NGG slightly lower at 10.50%.
INVH
- 1D
- 1.72%
- 1M
- 2.49%
- 6M
- 15.57%
- YTD
- 10.79%
- 1Y
- -2.80%
- 3Y*
- -1.47%
- 5Y*
- -2.26%
- 10Y*
- —
NGG
- 1D
- 0.84%
- 1M
- 1.76%
- 6M
- 7.16%
- YTD
- 10.50%
- 1Y
- 23.50%
- 3Y*
- 14.75%
- 5Y*
- 11.80%
- 10Y*
- 7.21%
INVH vs. NGG - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
INVH Invitation Homes Inc. | 10.79% | -9.68% | -3.13% | 19.71% | -33.04% | 55.58% | 1.19% | 52.27% | -13.10% | 18.44% |
NGG National Grid plc | 10.50% | 35.88% | -1.26% | 18.82% | -12.68% | 29.02% | -0.75% | 38.53% | -13.76% | 4.68% |
Correlation
The correlation between INVH and NGG is 0.32, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.32 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.34 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.38 |
Correlation (All Time) Calculated using the full available price history since Feb 1, 2017 | 0.35 |
Fundamentals
INVH:
$17.89B
NGG:
$82.88B
INVH:
$0.96
NGG:
£6.16
INVH:
31.40
NGG:
10.11
INVH:
1.37
NGG:
0.27
INVH:
6.76
NGG:
1.73
INVH:
$2.73B
NGG:
£35.68B
INVH:
$1.25B
NGG:
£10.47B
INVH:
$1.64B
NGG:
£15.03B
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Return for Risk
INVH vs. NGG — Risk / Return Rank
INVH
NGG
INVH vs. NGG - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invitation Homes Inc. (INVH) and National Grid plc (NGG). 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.
| INVH | NGG | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.24 | ||
| Sortino ratioReturn per unit of downside risk | -1.55 | ||
| Omega ratioGain probability vs. loss probability | 1.00 | 1.21 | -0.21 |
| Calmar ratioReturn relative to maximum drawdown | -0.12 | 1.67 | -1.79 |
| Martin ratioReturn relative to average drawdown | -0.22 | 4.07 | -4.29 |
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Drawdowns
INVH vs. NGG - Drawdown Comparison
The maximum INVH drawdown since its inception was -50.54%, smaller than the maximum NGG drawdown of -54.85%. Use the drawdown chart below to compare losses from any high point for INVH and NGG.
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Drawdown Indicators
| INVH | NGG | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -50.54% | -54.85% | +4.31% |
Max Drawdown (1Y)Largest decline over 1 year | -23.60% | -14.15% | -9.45% |
Max Drawdown (3Y)Largest decline over 3 years | -30.87% | -20.76% | -10.11% |
Max Drawdown (5Y)Largest decline over 5 years | -38.44% | -39.20% | +0.76% |
Max Drawdown (10Y)Largest decline over 10 years | — | -39.20% | — |
Current DrawdownCurrent decline from peak | -22.29% | -9.01% | -13.28% |
Average DrawdownAverage peak-to-trough decline | -13.46% | -13.39% | -0.07% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 12.95% | 5.79% | +7.16% |
Volatility
INVH vs. NGG - Volatility Comparison
The current volatility for Invitation Homes Inc. (INVH) is 6.21%, while National Grid plc (NGG) has a volatility of 6.73%. This indicates that INVH experiences smaller price fluctuations and is considered to be less risky than NGG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| INVH | NGG | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.21% | 6.73% | -0.52% |
Volatility (6M)Calculated over the trailing 6-month period | 15.40% | 18.16% | -2.76% |
Volatility (1Y)Calculated over the trailing 1-year period | 21.39% | 21.36% | +0.03% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 23.27% | 22.25% | +1.02% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 25.48% | 22.99% | +2.49% |
Dividends
INVH vs. NGG - Dividend Comparison
INVH's dividend yield for the trailing twelve months is around 3.95%, more than NGG's 3.89% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
INVH Invitation Homes Inc. | 3.95% | 4.21% | 3.53% | 3.87% | 2.97% | 1.50% | 2.02% | 1.74% | 2.19% | 0.93% | 0.00% | 0.00% |
NGG National Grid plc | 3.89% | 4.03% | 11.81% | 5.20% | 5.18% | 4.75% | 5.32% | 4.94% | 6.51% | 14.95% | 5.07% | 4.73% |
Financials
INVH vs. NGG - Financials Comparison
This section allows you to compare key financial metrics between Invitation Homes Inc. and National Grid plc. 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. NGG - Profitability Comparison
INVH - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jul 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%.
NGG - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jul 2026, National Grid plc reported a gross profit of 4.21B and revenue of 10.78B. Therefore, the gross margin over that period was 39.0%.
INVH - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jul 2026, Invitation Homes Inc. reported an operating income of 187.06M and revenue of 685.25M, resulting in an operating margin of 27.3%.
NGG - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jul 2026, National Grid plc reported an operating income of 4.21B and revenue of 10.78B, resulting in an operating margin of 39.0%.
INVH - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jul 2026, Invitation Homes Inc. reported a net income of 144.55M and revenue of 685.25M, resulting in a net margin of 21.1%.
NGG - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jul 2026, National Grid plc reported a net income of 2.66B and revenue of 10.78B, resulting in a net margin of 24.7%.
Frequently Asked Questions
INVH and NGG have a correlation of 0.32, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
NGG has higher volatility (6.73%) compared to INVH (6.21%). In terms of maximum drawdown, INVH dropped -50.54% vs NGG's -54.85%.
NGG currently has the higher Sharpe Ratio (1.11 vs -0.13), 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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