INVH vs. AMH

Last updated Jun 3, 2026

INVH (Invitation Homes Inc.) and AMH (American Homes 4 Rent) 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 -0.94%/yr for AMH. Their correlation of 0.81 suggests significant overlap in exposure.

Performance

INVH vs. AMH - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Invitation Homes Inc. (INVH) and American Homes 4 Rent (AMH). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, INVH achieves a 5.15% return, which is significantly higher than AMH's 1.10% return.

INVH

• 1D: -0.79%
• 1M: 1.19%
• YTD: 5.15%
• 6M: 5.90%
• 1Y: -10.58%
• 3Y*: -2.32%
• 5Y*: -1.71%
• 10Y*: —

AMH

• 1D: -0.62%
• 1M: 0.41%
• YTD: 1.10%
• 6M: 2.92%
• 1Y: -11.98%
• 3Y*: 0.31%
• 5Y*: -0.94%
• 10Y*: 7.65%

*Multi-year figures are annualized to reflect compound growth (CAGR)

INVH vs. AMH - 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%
AMH American Homes 4 Rent	1.10%	-11.12%	6.99%	22.44%	-29.46%	46.91%	15.28%	33.13%	-8.23%	-0.94%

Correlation

The correlation between INVH and AMH is 0.83, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.83
Correlation (3Y) Calculated over the trailing 3-year period	0.85
Correlation (5Y) Calculated over the trailing 5-year period	0.87
Correlation (All Time) Calculated using the full available price history since Feb 2, 2017	0.81

The correlation between INVH and AMH has been stable across timeframes, ranging from 0.81 to 0.87 - a consistent structural relationship.

Fundamentals

EPS INVH : $0.96 AMH : $1.26
PE Ratio INVH : 30.11 AMH : 25.36
PEG Ratio INVH : 1.31 AMH : 0.79
PS Ratio INVH : 6.49 AMH : 8.49
Total Revenue (TTM) INVH : $2.73B AMH : $1.40B
Gross Profit (TTM) INVH : $1.25B AMH : $547.38M
EBITDA (TTM) INVH : $1.64B AMH : $1.03B

Return for Risk

INVH vs. AMH — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

INVH

INVH Risk / Return Rank: 21
INVH Sharpe Ratio Rank: 18
INVH Sortino Ratio Rank: 17
INVH Omega Ratio Rank: 18
INVH Calmar Ratio Rank: 27
INVH Martin Ratio Rank: 27

AMH

AMH Risk / Return Rank: 18
AMH Sharpe Ratio Rank: 14
AMH Sortino Ratio Rank: 14
AMH Omega Ratio Rank: 15
AMH Calmar Ratio Rank: 24
AMH Martin Ratio Rank: 23

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

INVH vs. AMH - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Invitation Homes Inc. (INVH) and American Homes 4 Rent (AMH). 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	AMH	Difference
Sharpe ratio Return per unit of total volatility	-0.52	-0.62	+0.10
Sortino ratio Return per unit of downside risk	-0.61	-0.77	+0.16
Omega ratio Gain probability vs. loss probability	0.93	0.91	+0.02
Calmar ratio Return relative to maximum drawdown	-0.41	-0.48	+0.07
Martin ratio Return relative to average drawdown	-0.70	-0.88	+0.19
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

INVH vs. AMH - Sharpe Ratio Comparison

The current INVH Sharpe Ratio is -0.52, which is comparable to the AMH Sharpe Ratio of -0.62. The chart below compares the historical Sharpe Ratios of INVH and AMH, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	INVH	AMH	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.52	-0.62	+0.10
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.07	-0.04	-0.03
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	0.33	-0.07

Drawdowns

INVH vs. AMH - Drawdown Comparison

The maximum INVH drawdown since its inception was -50.54%, which is greater than AMH's maximum drawdown of -38.40%. Use the drawdown chart below to compare losses from any high point for INVH and AMH.

Drawdown Indicators

	INVH	AMH	Difference
Max Drawdown Largest peak-to-trough decline	-50.54%	-38.40%	-12.14%
Max Drawdown (1Y) Largest decline over 1 year	-26.13%	-23.79%	-2.34%
Max Drawdown (3Y) Largest decline over 3 years	-30.87%	-29.73%	-1.14%
Max Drawdown (5Y) Largest decline over 5 years	-38.44%	-31.84%	-6.60%
Max Drawdown (10Y) Largest decline over 10 years	—	-38.40%	—
Current Drawdown Current decline from peak	-26.25%	-17.66%	-8.59%
Average Drawdown Average peak-to-trough decline	-13.34%	-9.51%	-3.83%
Ulcer Index Depth and duration of drawdowns from previous peaks	15.33%	13.51%	+1.82%

Volatility

INVH vs. AMH - Volatility Comparison

The current volatility for Invitation Homes Inc. (INVH) is 4.82%, while American Homes 4 Rent (AMH) has a volatility of 5.81%. This indicates that INVH experiences smaller price fluctuations and is considered to be less risky than AMH based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	INVH	AMH	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.82%	5.81%	-0.99%
Volatility (6M) Calculated over the trailing 6-month period	16.29%	15.42%	+0.87%
Volatility (1Y) Calculated over the trailing 1-year period	20.55%	19.50%	+1.05%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	23.19%	22.32%	+0.87%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	25.52%	23.60%	+1.92%

Dividends

INVH vs. AMH - Dividend Comparison

INVH's dividend yield for the trailing twelve months is around 4.09%, more than AMH's 3.83% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
AMH American Homes 4 Rent	3.83%	3.74%	2.78%	2.45%	2.39%	0.92%	0.67%	0.76%	1.01%	0.92%	0.95%	1.20%
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

Frequently Asked Questions

Can I hold both INVH and AMH in my portfolio?

INVH and AMH have a correlation of 0.83, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, INVH or AMH?

AMH has higher volatility (5.81%) compared to INVH (4.82%). In terms of maximum drawdown, INVH dropped -50.54% vs AMH's -38.40%.

Which has better risk-adjusted returns?

INVH currently has the higher Sharpe Ratio (-0.52 vs -0.62), 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.