IVR vs. DLR

Last updated Jun 4, 2026

IVR (Invesco Mortgage Capital Inc.) and DLR (Digital Realty Trust, Inc.) are both stocks. Both are in the Real Estate sector — IVR in REIT - Mortgage, DLR in REIT - Office. Over the past 10 years, IVR returned -11.91%/yr vs 10.16%/yr for DLR. At a 0.30 correlation, their price movements are largely independent.

Performance

IVR vs. DLR - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Invesco Mortgage Capital Inc. (IVR) and Digital Realty Trust, Inc. (DLR). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, IVR achieves a -0.24% return, which is significantly lower than DLR's 19.42% return. Over the past 10 years, IVR has underperformed DLR with an annualized return of -11.91%, while DLR has yielded a comparatively higher 10.16% annualized return.

IVR

• 1D: -0.38%
• 1M: -1.73%
• YTD: -0.24%
• 6M: 6.90%
• 1Y: 27.80%
• 3Y*: 7.87%
• 5Y*: -10.88%
• 10Y*: -11.91%

DLR

• 1D: -2.01%
• 1M: -7.56%
• YTD: 19.42%
• 6M: 16.62%
• 1Y: 8.70%
• 3Y*: 24.34%
• 5Y*: 7.01%
• 10Y*: 10.16%

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

IVR vs. DLR - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
IVR Invesco Mortgage Capital Inc.	-0.24%	24.87%	9.03%	-14.30%	-44.56%	-9.34%	-72.54%	28.97%	-6.81%	34.61%
DLR Digital Realty Trust, Inc.	19.42%	-10.07%	35.90%	39.95%	-41.00%	30.66%	20.37%	16.52%	-3.00%	19.80%

Correlation

The correlation between IVR and DLR is 0.24, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.24
Correlation (3Y) Calculated over the trailing 3-year period	0.35
Correlation (5Y) Calculated over the trailing 5-year period	0.36
Correlation (10Y) Calculated over the trailing 10-year period	0.28
Correlation (All Time) Calculated using the full available price history since Jul 2, 2009	0.30

The correlation between IVR and DLR shifts across timeframes, from 0.24 (1 year) to 0.36 (5 years), reflecting how their relationship changes across market environments.

Fundamentals

EPS IVR : $1.64 DLR : $4.53
PE Ratio IVR : 4.75 DLR : 40.48
PEG Ratio IVR : 0.31 DLR : 1.09
PS Ratio IVR : 1.80 DLR : 9.44
Total Revenue (TTM) IVR : $215.91M DLR : $5.09B
Gross Profit (TTM) IVR : $138.51M DLR : $1.67B
EBITDA (TTM) IVR : $246.65M DLR : $3.18B

Return for Risk

IVR vs. DLR — Risk / Return Rank

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

IVR

IVR Risk / Return Rank: 73
IVR Sharpe Ratio Rank: 76
IVR Sortino Ratio Rank: 72
IVR Omega Ratio Rank: 70
IVR Calmar Ratio Rank: 71
IVR Martin Ratio Rank: 74

DLR

DLR Risk / Return Rank: 50
DLR Sharpe Ratio Rank: 54
DLR Sortino Ratio Rank: 47
DLR Omega Ratio Rank: 45
DLR Calmar Ratio Rank: 52
DLR Martin Ratio Rank: 54

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.

IVR vs. DLR - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco Mortgage Capital Inc. (IVR) and Digital Realty Trust, Inc. (DLR). 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.

	IVR	DLR	Difference
Sharpe ratio Return per unit of total volatility	1.24	0.39	+0.85
Sortino ratio Return per unit of downside risk	1.87	0.72	+1.15
Omega ratio Gain probability vs. loss probability	1.23	1.08	+0.14
Calmar ratio Return relative to maximum drawdown	1.69	0.52	+1.17
Martin ratio Return relative to average drawdown	4.73	1.32	+3.41
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

IVR vs. DLR - Sharpe Ratio Comparison

The current IVR Sharpe Ratio is 1.24, which is higher than the DLR Sharpe Ratio of 0.39. The chart below compares the historical Sharpe Ratios of IVR and DLR, 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

	IVR	DLR	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.24	0.39	+0.85
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.30	0.25	-0.55
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	-0.21	0.36	-0.57
Sharpe Ratio (All Time) Calculated using the full available price history	-0.07	0.56	-0.63

Drawdowns

IVR vs. DLR - Drawdown Comparison

The maximum IVR drawdown since its inception was -92.55%, which is greater than DLR's maximum drawdown of -56.80%. Use the drawdown chart below to compare losses from any high point for IVR and DLR.

Drawdown Indicators

	IVR	DLR	Difference
Max Drawdown Largest peak-to-trough decline	-92.55%	-56.80%	-35.75%
Max Drawdown (1Y) Largest decline over 1 year	-16.54%	-16.83%	+0.29%
Max Drawdown (3Y) Largest decline over 3 years	-45.38%	-29.40%	-15.98%
Max Drawdown (5Y) Largest decline over 5 years	-77.65%	-48.52%	-29.13%
Max Drawdown (10Y) Largest decline over 10 years	-92.55%	-48.52%	-44.03%
Current Drawdown Current decline from peak	-85.35%	-10.01%	-75.34%
Average Drawdown Average peak-to-trough decline	-35.82%	-11.14%	-24.68%
Ulcer Index Depth and duration of drawdowns from previous peaks	5.90%	6.63%	-0.73%

Volatility

IVR vs. DLR - Volatility Comparison

The current volatility for Invesco Mortgage Capital Inc. (IVR) is 4.38%, while Digital Realty Trust, Inc. (DLR) has a volatility of 6.47%. This indicates that IVR experiences smaller price fluctuations and is considered to be less risky than DLR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	IVR	DLR	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.38%	6.47%	-2.09%
Volatility (6M) Calculated over the trailing 6-month period	17.36%	15.99%	+1.37%
Volatility (1Y) Calculated over the trailing 1-year period	22.60%	22.30%	+0.30%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	36.38%	28.54%	+7.84%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	56.15%	28.17%	+27.98%

Dividends

IVR vs. DLR - Dividend Comparison

IVR's dividend yield for the trailing twelve months is around 21.03%, more than DLR's 2.66% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
DLR Digital Realty Trust, Inc.	2.66%	3.15%	2.75%	3.63%	4.87%	2.62%	3.21%	3.61%	3.79%	3.27%	3.58%	4.50%
IVR Invesco Mortgage Capital Inc.	21.03%	16.41%	19.88%	25.40%	26.32%	12.59%	31.66%	11.11%	14.95%	9.14%	10.96%	13.72%

Financials

Frequently Asked Questions

Can I hold both IVR and DLR in my portfolio?

IVR and DLR have a correlation of 0.24, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, IVR or DLR?

DLR has higher volatility (6.47%) compared to IVR (4.38%). In terms of maximum drawdown, IVR dropped -92.55% vs DLR's -56.80%.

Which has better risk-adjusted returns?

IVR currently has the higher Sharpe Ratio (1.24 vs 0.39), 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.