IVR vs. USRT

Last updated Apr 1, 2026

Compare and contrast key facts about Invesco Mortgage Capital Inc. (IVR) and iShares Core U.S. REIT ETF (USRT).

USRT is a passively managed fund by iShares that tracks the performance of the FTSE NAREIT Equity REITs Index. It was launched on May 4, 2007.

Performance

IVR vs. USRT - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Invesco Mortgage Capital Inc. (IVR) and iShares Core U.S. REIT ETF (USRT). The values are adjusted to include any dividend payments, if applicable.

IVR vs. USRT - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
IVR Invesco Mortgage Capital Inc.	0.30%	24.87%	9.03%	-14.30%	-44.56%	-9.34%	-72.54%	28.97%	-6.81%	34.61%
USRT iShares Core U.S. REIT ETF	4.27%	2.44%	8.58%	13.64%	-24.43%	43.26%	-8.06%	25.98%	-4.67%	5.27%

Returns By Period

In the year-to-date period, IVR achieves a 0.30% return, which is significantly lower than USRT's 4.27% return. Over the past 10 years, IVR has underperformed USRT with an annualized return of -10.28%, while USRT has yielded a comparatively higher 5.42% annualized return.

IVR

• 1D: 3.32%
• 1M: -2.66%
• YTD: 0.30%
• 6M: 21.78%
• 1Y: 27.79%
• 3Y*: 8.53%
• 5Y*: -13.84%
• 10Y*: -10.28%

USRT

• 1D: 1.42%
• 1M: -6.02%
• YTD: 4.27%
• 6M: 2.38%
• 1Y: 5.82%
• 3Y*: 8.72%
• 5Y*: 5.12%
• 10Y*: 5.42%

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

Return for Risk

IVR vs. USRT — 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: 69
IVR Omega Ratio Rank: 69
IVR Calmar Ratio Rank: 73
IVR Martin Ratio Rank: 77

USRT

USRT Risk / Return Rank: 25
USRT Sharpe Ratio Rank: 23
USRT Sortino Ratio Rank: 23
USRT Omega Ratio Rank: 23
USRT Calmar Ratio Rank: 26
USRT Martin Ratio Rank: 29

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. USRT - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco Mortgage Capital Inc. (IVR) and iShares Core U.S. REIT ETF (USRT). 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	USRT	Difference
Sharpe ratio Return per unit of total volatility	1.04	0.35	+0.69
Sortino ratio Return per unit of downside risk	1.49	0.59	+0.90
Omega ratio Gain probability vs. loss probability	1.20	1.08	+0.12
Calmar ratio Return relative to maximum drawdown	1.56	0.53	+1.03
Martin ratio Return relative to average drawdown	4.77	2.23	+2.54
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. USRT - Sharpe Ratio Comparison

The current IVR Sharpe Ratio is 1.04, which is higher than the USRT Sharpe Ratio of 0.35. The chart below compares the historical Sharpe Ratios of IVR and USRT, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	IVR	USRT	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.04	0.35	+0.69
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.38	0.27	-0.65
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	-0.18	0.26	-0.44
Sharpe Ratio (All Time) Calculated using the full available price history	-0.07	0.17	-0.24

Correlation

The correlation between IVR and USRT is 0.47, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.

Dividends

IVR vs. USRT - Dividend Comparison

IVR's dividend yield for the trailing twelve months is around 21.53%, more than USRT's 2.89% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
IVR Invesco Mortgage Capital Inc.	21.53%	16.41%	19.88%	25.40%	26.32%	12.59%	31.66%	11.11%	14.95%	9.14%	10.96%	13.72%
USRT iShares Core U.S. REIT ETF	2.89%	3.07%	2.85%	3.18%	3.46%	2.27%	3.12%	3.34%	5.66%	3.44%	3.98%	3.59%

Drawdowns

IVR vs. USRT - Drawdown Comparison

The maximum IVR drawdown since its inception was -92.55%, which is greater than USRT's maximum drawdown of -69.91%. Use the drawdown chart below to compare losses from any high point for IVR and USRT.

Drawdown Indicators

	IVR	USRT	Difference
Max Drawdown Largest peak-to-trough decline	-92.55%	-69.91%	-22.64%
Max Drawdown (1Y) Largest decline over 1 year	-17.41%	-12.95%	-4.46%
Max Drawdown (5Y) Largest decline over 5 years	-77.65%	-31.03%	-46.62%
Max Drawdown (10Y) Largest decline over 10 years	-92.55%	-44.38%	-48.17%
Current Drawdown Current decline from peak	-85.27%	-6.38%	-78.89%
Average Drawdown Average peak-to-trough decline	-35.31%	-13.08%	-22.23%
Ulcer Index Depth and duration of drawdowns from previous peaks	5.69%	3.09%	+2.60%

Volatility

IVR vs. USRT - Volatility Comparison

Invesco Mortgage Capital Inc. (IVR) has a higher volatility of 9.87% compared to iShares Core U.S. REIT ETF (USRT) at 4.44%. This indicates that IVR's price experiences larger fluctuations and is considered to be riskier than USRT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	IVR	USRT	Difference
Volatility (1M) Calculated over the trailing 1-month period	9.87%	4.44%	+5.43%
Volatility (6M) Calculated over the trailing 6-month period	17.95%	9.21%	+8.74%
Volatility (1Y) Calculated over the trailing 1-year period	26.85%	16.84%	+10.01%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	36.54%	18.92%	+17.62%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	56.13%	21.28%	+34.85%