IVRA vs. ESGV

Last updated Jun 4, 2026

IVRA (Invesco Real Assets ESG ETF) and ESGV (Vanguard ESG U.S. Stock ETF) are both exchange-traded funds - IVRA is a ESG fund actively managed by Invesco, while ESGV is a Large Cap Blend Equities fund tracking the FTSE US All Cap Choice Index. IVRA is actively managed, while ESGV is passively managed. Over the past 5 years, IVRA returned 7.62%/yr vs 12.64%/yr for ESGV. A 0.57 correlation means they provide meaningful diversification when combined. IVRA charges 0.59%/yr vs 0.09%/yr for ESGV.

Performance

IVRA vs. ESGV - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Invesco Real Assets ESG ETF (IVRA) and Vanguard ESG U.S. Stock ETF (ESGV). 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 ESGV's 10.74% return.

IVRA

• 1D: 0.00%
• 1M: 0.00%
• YTD: 11.70%
• 6M: 12.41%
• 1Y: 15.73%
• 3Y*: 15.46%
• 5Y*: 7.62%
• 10Y*: —

ESGV

• 1D: -0.88%
• 1M: 6.08%
• YTD: 10.74%
• 6M: 10.73%
• 1Y: 28.04%
• 3Y*: 22.27%
• 5Y*: 12.64%
• 10Y*: —

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

IVRA vs. ESGV - 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%
ESGV Vanguard ESG U.S. Stock ETF	10.74%	16.48%	24.69%	30.79%	-24.04%	26.55%	1.20%

Correlation

The correlation between IVRA and ESGV is 0.15, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.15
Correlation (3Y) Calculated over the trailing 3-year period	0.41
Correlation (5Y) Calculated over the trailing 5-year period	0.57
Correlation (All Time) Calculated using the full available price history since Dec 23, 2020	0.57

Over the past year, the correlation between IVRA and ESGV has dropped to 0.15 - well below their long-term average of 0.57, suggesting their price drivers have been diverging.

IVRA vs. ESGV - Sectors Allocation Comparison

Sectors	IVRA	ESGV
Real Estate	46.8%	2.8%
Energy	23.5%	0.1%
Basic Materials	14.3%	1.9%
Utilities	10.3%	0.2%
Consumer Cyclical	2.6%	12.2%
Consumer Defensive	1.7%	3.9%
Financial Services	0.7%	12.3%
Communication Services	-	13.0%
Healthcare	-	9.8%
Industrials	-	4.5%
Technology	-	39.5%

Return for Risk

IVRA vs. ESGV — Risk / Return Rank

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

IVRA

IVRA Risk / Return Rank: 58
IVRA Sharpe Ratio Rank: 50
IVRA Sortino Ratio Rank: 51
IVRA Omega Ratio Rank: 57
IVRA Calmar Ratio Rank: 69
IVRA Martin Ratio Rank: 66

ESGV

ESGV Risk / Return Rank: 58
ESGV Sharpe Ratio Rank: 61
ESGV Sortino Ratio Rank: 60
ESGV Omega Ratio Rank: 61
ESGV Calmar Ratio Rank: 48
ESGV Martin Ratio Rank: 58

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. ESGV - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco Real Assets ESG ETF (IVRA) and Vanguard ESG U.S. Stock ETF (ESGV). 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	ESGV	Difference
Sharpe ratio: Return per unit of total volatility	1.72	2.11	-0.39
Sortino ratio: Return per unit of downside risk	2.49	2.89	-0.40
Omega ratio: Gain probability vs. loss probability	1.36	1.38	-0.02
Calmar ratio: Return relative to maximum drawdown	3.46	2.43	+1.03
Martin ratio: Return relative to average drawdown	12.02	10.42	+1.61
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. ESGV - Sharpe Ratio Comparison

The current IVRA Sharpe Ratio is 1.72, which is comparable to the ESGV Sharpe Ratio of 2.11. The chart below compares the historical Sharpe Ratios of IVRA and ESGV, 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	ESGV	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.72	2.11	-0.39
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.46	0.69	-0.23
Sharpe Ratio (All Time) Calculated using the full available price history	0.73	0.72	+0.01

Drawdowns

IVRA vs. ESGV - Drawdown Comparison

The maximum IVRA drawdown since its inception was -25.99%, smaller than the maximum ESGV drawdown of -33.66%. Use the drawdown chart below to compare losses from any high point for IVRA and ESGV.

Drawdown Indicators

	IVRA	ESGV	Difference
Max Drawdown Largest peak-to-trough decline	-25.99%	-33.66%	+7.67%
Max Drawdown (1Y) Largest decline over 1 year	-4.60%	-11.60%	+7.00%
Max Drawdown (3Y) Largest decline over 3 years	-15.03%	-20.41%	+5.38%
Max Drawdown (5Y) Largest decline over 5 years	-25.99%	-28.81%	+2.82%
Current Drawdown Current decline from peak	-0.92%	-0.88%	-0.04%
Average Drawdown Average peak-to-trough decline	-7.27%	-6.43%	-0.84%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.32%	2.70%	-1.38%

Volatility

IVRA vs. ESGV - Volatility Comparison

The current volatility for Invesco Real Assets ESG ETF (IVRA) is 0.00%, while Vanguard ESG U.S. Stock ETF (ESGV) has a volatility of 3.37%. This indicates that IVRA experiences smaller price fluctuations and is considered to be less risky than ESGV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	IVRA	ESGV	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.00%	3.37%	-3.37%
Volatility (6M) Calculated over the trailing 6-month period	5.45%	10.18%	-4.73%
Volatility (1Y) Calculated over the trailing 1-year period	9.27%	13.35%	-4.08%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.58%	18.35%	-1.77%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.39%	20.58%	-4.19%

IVRA vs. ESGV - Expense Ratio Comparison

IVRA has a 0.59% expense ratio, which is higher than ESGV's 0.09% expense ratio.

Dividends

IVRA vs. ESGV - Dividend Comparison

IVRA's dividend yield for the trailing twelve months is around 16.99%, more than ESGV's 0.85% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018
ESGV Vanguard ESG U.S. Stock ETF	0.85%	0.91%	1.04%	1.16%	1.42%	0.95%	1.11%	1.27%	0.28%
IVRA Invesco Real Assets ESG ETF	16.99%	5.68%	3.71%	2.47%	2.30%	3.01%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both IVRA and ESGV in my portfolio?

IVRA and ESGV have a correlation of 0.15, 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 ESGV?

ESGV has higher volatility (3.37%) compared to IVRA (0.00%). In terms of maximum drawdown, IVRA dropped -25.99% vs ESGV's -33.66%.

Which ETF is better, IVRA or ESGV?

On 5-year performance, ESGV leads with 12.64% vs 7.62% for IVRA. On fees, ESGV is cheaper at 0.09% per year. 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 ESGV?

Over the 5-year period, ESGV has performed better with a 12.64% return vs 7.62%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, IVRA or ESGV?

ESGV is cheaper with a 0.09% expense ratio, compared with 0.59% for IVRA.

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

IVRA has the higher dividend yield at 16.99%, compared with 0.85% for ESGV.

What is the main difference between IVRA and ESGV?

IVRA is categorized as ESG, while ESGV is Large Cap Blend Equities. They also come from different issuers: Invesco and Vanguard. Their fees differ too: 0.59% for IVRA and 0.09% for ESGV.

Which has better risk-adjusted returns?

ESGV currently has the higher Sharpe Ratio (2.11 vs 1.72), 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.