IVRA vs. BLDG

Last updated Jun 5, 2026

IVRA (Invesco Real Assets ESG ETF) and BLDG (Cambria Global Real Estate ETF) are both exchange-traded funds - IVRA is a ESG fund actively managed by Invesco, while BLDG is a REIT fund actively managed by Cambria. Both are actively managed. Over the past 5 years, IVRA returned 7.62%/yr vs 2.40%/yr for BLDG. A 0.78 correlation means they provide meaningful diversification when combined. Both charge a 0.59% expense ratio.

Performance

IVRA vs. BLDG - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Invesco Real Assets ESG ETF (IVRA) and Cambria Global Real Estate ETF (BLDG). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, IVRA achieves a 11.70% return, which is significantly higher than BLDG's 6.82% return.

IVRA

• 1D: 0.00%
• 1M: 0.00%
• YTD: 11.70%
• 6M: 12.10%
• 1Y: 16.15%
• 3Y*: 15.62%
• 5Y*: 7.62%
• 10Y*: —

BLDG

• 1D: 0.82%
• 1M: 0.01%
• YTD: 6.82%
• 6M: 6.29%
• 1Y: 11.06%
• 3Y*: 9.14%
• 5Y*: 2.40%
• 10Y*: —

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

IVRA vs. BLDG - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020
IVRA Invesco Real Assets ESG ETF	11.70%	10.20%	13.07%	9.13%	-10.00%	32.74%	1.58%
BLDG Cambria Global Real Estate ETF	6.82%	4.26%	8.18%	1.76%	-14.66%	22.47%	1.72%

Correlation

The correlation between IVRA and BLDG is 0.49, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.49
Correlation (3Y) Calculated over the trailing 3-year period	0.70
Correlation (5Y) Calculated over the trailing 5-year period	0.77
Correlation (All Time) Calculated using the full available price history since Dec 23, 2020	0.78

Over the past year, the correlation between IVRA and BLDG has dropped to 0.49 - well below their long-term average of 0.78, suggesting their price drivers have been diverging.

IVRA vs. BLDG - Sectors Allocation Comparison

Sectors	IVRA	BLDG
Real Estate	46.8%	98.6%
Energy	23.5%	-
Basic Materials	14.3%	-
Utilities	10.3%	-
Consumer Cyclical	2.6%	-
Consumer Defensive	1.7%	-
Financial Services	0.7%	1.4%
Communication Services	-	-
Healthcare	-	-
Industrials	-	-
Technology	-	-

Return for Risk

IVRA vs. BLDG — Risk / Return Rank

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

IVRA

IVRA Risk / Return Rank: 62
IVRA Sharpe Ratio Rank: 52
IVRA Sortino Ratio Rank: 54
IVRA Omega Ratio Rank: 62
IVRA Calmar Ratio Rank: 72
IVRA Martin Ratio Rank: 68

BLDG

BLDG Risk / Return Rank: 27
BLDG Sharpe Ratio Rank: 28
BLDG Sortino Ratio Rank: 27
BLDG Omega Ratio Rank: 26
BLDG Calmar Ratio Rank: 24
BLDG Martin Ratio Rank: 28

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.

IVRA vs. BLDG - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco Real Assets ESG ETF (IVRA) and Cambria Global Real Estate ETF (BLDG). 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.

	IVRA	BLDG	Difference
Sharpe ratio: Return per unit of total volatility	1.77	1.00	+0.76
Sortino ratio: Return per unit of downside risk	2.56	1.45	+1.11
Omega ratio: Gain probability vs. loss probability	1.37	1.17	+0.20
Calmar ratio: Return relative to maximum drawdown	3.55	1.10	+2.45
Martin ratio: Return relative to average drawdown	12.33	3.88	+8.45
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

IVRA vs. BLDG - Sharpe Ratio Comparison

The current IVRA Sharpe Ratio is 1.77, which is higher than the BLDG Sharpe Ratio of 1.00. The chart below compares the historical Sharpe Ratios of IVRA and BLDG, 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

	IVRA	BLDG	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.77	1.00	+0.76
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.46	0.16	+0.30
Sharpe Ratio (All Time) Calculated using the full available price history	0.73	0.46	+0.27

Drawdowns

IVRA vs. BLDG - Drawdown Comparison

The maximum IVRA drawdown since its inception was -25.99%, roughly equal to the maximum BLDG drawdown of -27.25%. Use the drawdown chart below to compare losses from any high point for IVRA and BLDG.

Drawdown Indicators

	IVRA	BLDG	Difference
Max Drawdown Largest peak-to-trough decline	-25.99%	-27.25%	+1.26%
Max Drawdown (1Y) Largest decline over 1 year	-4.60%	-10.08%	+5.48%
Max Drawdown (3Y) Largest decline over 3 years	-15.03%	-18.57%	+3.54%
Max Drawdown (5Y) Largest decline over 5 years	-25.99%	-27.25%	+1.26%
Current Drawdown Current decline from peak	-0.92%	-1.96%	+1.04%
Average Drawdown Average peak-to-trough decline	-7.26%	-9.22%	+1.96%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.32%	2.86%	-1.54%

Volatility

IVRA vs. BLDG - Volatility Comparison

The current volatility for Invesco Real Assets ESG ETF (IVRA) is 0.00%, while Cambria Global Real Estate ETF (BLDG) has a volatility of 3.58%. This indicates that IVRA experiences smaller price fluctuations and is considered to be less risky than BLDG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	IVRA	BLDG	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.00%	3.58%	-3.58%
Volatility (6M) Calculated over the trailing 6-month period	5.43%	8.26%	-2.83%
Volatility (1Y) Calculated over the trailing 1-year period	9.27%	11.09%	-1.82%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.58%	15.27%	+1.31%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.39%	15.54%	+0.85%

IVRA vs. BLDG - Expense Ratio Comparison

Both IVRA and BLDG have an expense ratio of 0.59%.

Dividends

IVRA vs. BLDG - Dividend Comparison

IVRA's dividend yield for the trailing twelve months is around 16.99%, more than BLDG's 5.68% yield.

Position	TTM	2025	2024	2023	2022	2021	2020
BLDG Cambria Global Real Estate ETF	5.68%	7.46%	7.97%	4.99%	3.99%	10.40%	0.59%
IVRA Invesco Real Assets ESG ETF	16.99%	5.68%	3.71%	2.47%	2.30%	3.01%	0.00%

Frequently Asked Questions

Can I hold both IVRA and BLDG in my portfolio?

IVRA and BLDG have a correlation of 0.49, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, IVRA or BLDG?

BLDG has higher volatility (3.58%) compared to IVRA (0.00%). In terms of maximum drawdown, IVRA dropped -25.99% vs BLDG's -27.25%.

Which ETF is better, IVRA or BLDG?

On 5-year performance, IVRA leads with 7.62% vs 2.40% for BLDG. Both ETFs have the same 0.59% expense ratio. On volatility, IVRA has been the lower-risk option at 0.00%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, IVRA or BLDG?

Over the 5-year period, IVRA has performed better with a 7.62% return vs 2.40%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, IVRA or BLDG?

IVRA and BLDG have the same expense ratio: 0.59% per year.

Which ETF pays a higher dividend yield, IVRA or BLDG?

IVRA has the higher dividend yield at 16.99%, compared with 5.68% for BLDG.

What is the main difference between IVRA and BLDG?

IVRA is categorized as ESG, while BLDG is REIT. They also come from different issuers: Invesco and Cambria.

Which has better risk-adjusted returns?

IVRA currently has the higher Sharpe Ratio (1.77 vs 1.00), 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.