INVH vs. VOO
INVH (Invitation Homes Inc.) is a stock, while VOO (Vanguard S&P 500 ETF) is S&P 500 fund tracking the S&P 500 Index. Over the past 5 years, INVH returned -2.45%/yr vs 13.58%/yr for VOO. At a 0.43 correlation, their price movements are largely independent.
Performance
INVH vs. VOO - Performance Comparison
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Returns By Period
In the year-to-date period, INVH achieves a 3.59% return, which is significantly lower than VOO's 9.75% return.
INVH
- 1D
- 0.11%
- 1M
- -2.90%
- YTD
- 3.59%
- 6M
- 6.46%
- 1Y
- -12.07%
- 3Y*
- -1.11%
- 5Y*
- -2.45%
- 10Y*
- —
VOO
- 1D
- -0.29%
- 1M
- 0.08%
- YTD
- 9.75%
- 6M
- 9.30%
- 1Y
- 26.77%
- 3Y*
- 21.36%
- 5Y*
- 13.58%
- 10Y*
- 15.77%
INVH vs. VOO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
INVH Invitation Homes Inc. | 3.59% | -9.68% | -3.13% | 19.71% | -33.04% | 55.58% | 1.19% | 52.27% | -13.10% | 18.44% |
VOO Vanguard S&P 500 ETF | 9.75% | 17.82% | 24.98% | 26.32% | -18.17% | 28.79% | 18.32% | 31.37% | -4.50% | 19.64% |
Correlation
The correlation between INVH and VOO is 0.10, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.10 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.32 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.44 |
Correlation (All Time) Calculated using the full available price history since Feb 1, 2017 | 0.43 |
Over the past year, the correlation between INVH and VOO has dropped to 0.10 - well below their long-term average of 0.43, suggesting their price drivers have been diverging.
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Return for Risk
INVH vs. VOO — Risk / Return Rank
INVH
VOO
INVH vs. VOO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invitation Homes Inc. (INVH) and Vanguard S&P 500 ETF (VOO). 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 | VOO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.75 | ||
| Sortino ratioReturn per unit of downside risk | -3.64 | ||
| Omega ratioGain probability vs. loss probability | 0.92 | 1.39 | -0.48 |
| Calmar ratioReturn relative to maximum drawdown | -0.46 | 3.02 | -3.48 |
| Martin ratioReturn relative to average drawdown | -0.78 | 13.58 | -14.36 |
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Drawdowns
INVH vs. VOO - Drawdown Comparison
The maximum INVH drawdown since its inception was -50.54%, which is greater than VOO's maximum drawdown of -33.99%. Use the drawdown chart below to compare losses from any high point for INVH and VOO.
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Drawdown Indicators
| INVH | VOO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -50.54% | -33.99% | -16.55% |
Max Drawdown (1Y)Largest decline over 1 year | -26.13% | -8.90% | -17.23% |
Max Drawdown (3Y)Largest decline over 3 years | -30.87% | -18.69% | -12.18% |
Max Drawdown (5Y)Largest decline over 5 years | -38.44% | -24.52% | -13.92% |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.99% | — |
Current DrawdownCurrent decline from peak | -27.35% | -1.74% | -25.61% |
Average DrawdownAverage peak-to-trough decline | -13.41% | -3.68% | -9.73% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 15.51% | 1.98% | +13.53% |
Volatility
INVH vs. VOO - Volatility Comparison
Invitation Homes Inc. (INVH) has a higher volatility of 4.98% compared to Vanguard S&P 500 ETF (VOO) at 4.60%. This indicates that INVH's price experiences larger fluctuations and is considered to be riskier than VOO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| INVH | VOO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.98% | 4.60% | +0.38% |
Volatility (6M)Calculated over the trailing 6-month period | 16.22% | 9.73% | +6.49% |
Volatility (1Y)Calculated over the trailing 1-year period | 20.93% | 12.39% | +8.54% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 23.20% | 16.90% | +6.30% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 25.49% | 18.05% | +7.44% |
Dividends
INVH vs. VOO - Dividend Comparison
INVH's dividend yield for the trailing twelve months is around 4.15%, more than VOO's 1.04% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
INVH Invitation Homes Inc. | 4.15% | 4.21% | 3.53% | 3.87% | 2.97% | 1.50% | 2.02% | 1.74% | 2.19% | 0.93% | 0.00% | 0.00% |
VOO Vanguard S&P 500 ETF | 1.04% | 1.13% | 1.24% | 1.46% | 1.69% | 1.25% | 1.54% | 1.88% | 2.06% | 1.78% | 2.02% | 2.10% |
Frequently Asked Questions
INVH and VOO have a correlation of 0.10, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
INVH has higher volatility (4.98%) compared to VOO (4.60%). In terms of maximum drawdown, INVH dropped -50.54% vs VOO's -33.99%.
VOO currently has the higher Sharpe Ratio (2.17 vs -0.58), 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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