IVRA vs. FREL
Compare and contrast key facts about Invesco Real Assets ESG ETF (IVRA) and Fidelity MSCI Real Estate Index ETF (FREL).
IVRA and FREL are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. IVRA is an actively managed fund by Invesco. It was launched on Dec 22, 2020. FREL is a passively managed fund by Fidelity that tracks the performance of the MSCI USA IMI Real Estate Index. It was launched on Feb 2, 2015.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: IVRA or FREL.
Correlation
The correlation between IVRA and FREL is 0.87, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
IVRA vs. FREL - Performance Comparison
Key characteristics
IVRA:
1.01
FREL:
0.41
IVRA:
1.43
FREL:
0.65
IVRA:
1.19
FREL:
1.08
IVRA:
0.86
FREL:
0.25
IVRA:
4.67
FREL:
1.41
IVRA:
3.02%
FREL:
4.63%
IVRA:
13.90%
FREL:
16.03%
IVRA:
-25.99%
FREL:
-42.61%
IVRA:
-7.96%
FREL:
-13.87%
Returns By Period
In the year-to-date period, IVRA achieves a 12.36% return, which is significantly higher than FREL's 4.46% return.
IVRA
12.36%
-5.33%
11.87%
13.15%
N/A
N/A
FREL
4.46%
-5.60%
8.77%
5.57%
3.08%
N/A
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IVRA vs. FREL - Expense Ratio Comparison
IVRA has a 0.59% expense ratio, which is higher than FREL's 0.08% expense ratio.
Risk-Adjusted Performance
IVRA vs. FREL - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco Real Assets ESG ETF (IVRA) and Fidelity MSCI Real Estate Index ETF (FREL). 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.
Dividends
IVRA vs. FREL - Dividend Comparison
IVRA's dividend yield for the trailing twelve months is around 2.11%, less than FREL's 3.50% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|
IVRA Invesco Real Assets ESG ETF | 2.11% | 2.50% | 2.33% | 5.48% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
FREL Fidelity MSCI Real Estate Index ETF | 3.50% | 3.73% | 3.57% | 2.34% | 3.77% | 3.32% | 5.54% | 3.27% | 4.01% | 3.80% |
Drawdowns
IVRA vs. FREL - Drawdown Comparison
The maximum IVRA drawdown since its inception was -25.99%, smaller than the maximum FREL drawdown of -42.61%. Use the drawdown chart below to compare losses from any high point for IVRA and FREL. For additional features, visit the drawdowns tool.
Volatility
IVRA vs. FREL - Volatility Comparison
The current volatility for Invesco Real Assets ESG ETF (IVRA) is 5.10%, while Fidelity MSCI Real Estate Index ETF (FREL) has a volatility of 5.59%. This indicates that IVRA experiences smaller price fluctuations and is considered to be less risky than FREL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.