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.
Performance
IVRA vs. FREL - Performance Comparison
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IVRA vs. FREL - 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% |
FREL Fidelity MSCI Real Estate Index ETF | 0.98% | 3.09% | 5.05% | 11.74% | -26.21% | 40.46% | 1.60% |
Returns By Period
In the year-to-date period, IVRA achieves a 11.70% return, which is significantly higher than FREL's 0.98% return.
IVRA
- 1D
- 0.00%
- 1M
- 0.00%
- YTD
- 11.70%
- 6M
- 10.98%
- 1Y
- 16.21%
- 3Y*
- 14.07%
- 5Y*
- 9.85%
- 10Y*
- —
FREL
- 1D
- 1.43%
- 1M
- -6.56%
- YTD
- 0.98%
- 6M
- -1.57%
- 1Y
- 1.45%
- 3Y*
- 6.30%
- 5Y*
- 2.68%
- 10Y*
- 5.16%
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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.
Return for Risk
IVRA vs. FREL — Risk / Return Rank
IVRA
FREL
IVRA vs. FREL - Risk-Adjusted Trends 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.
| IVRA | FREL | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.16 | 0.09 | +1.07 |
Sortino ratioReturn per unit of downside risk | 1.65 | 0.24 | +1.42 |
Omega ratioGain probability vs. loss probability | 1.25 | 1.03 | +0.22 |
Calmar ratioReturn relative to maximum drawdown | 1.36 | 0.20 | +1.16 |
Martin ratioReturn relative to average drawdown | 7.55 | 0.77 | +6.78 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| IVRA | FREL | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.16 | 0.09 | +1.07 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.59 | 0.14 | +0.45 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.25 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.74 | 0.23 | +0.52 |
Correlation
The correlation between IVRA and FREL is 0.86, 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.
Dividends
IVRA vs. FREL - Dividend Comparison
IVRA's dividend yield for the trailing twelve months is around 17.39%, more than FREL's 3.56% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IVRA Invesco Real Assets ESG ETF | 17.39% | 5.68% | 3.71% | 2.47% | 2.30% | 3.01% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
FREL Fidelity MSCI Real Estate Index ETF | 3.56% | 3.59% | 3.48% | 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.
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Drawdown Indicators
| IVRA | FREL | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -25.99% | -42.61% | +16.62% |
Max Drawdown (1Y)Largest decline over 1 year | -12.39% | -12.42% | +0.03% |
Max Drawdown (5Y)Largest decline over 5 years | -25.99% | -34.40% | +8.41% |
Max Drawdown (10Y)Largest decline over 10 years | — | -42.61% | — |
Current DrawdownCurrent decline from peak | -0.92% | -9.83% | +8.91% |
Average DrawdownAverage peak-to-trough decline | -7.48% | -10.05% | +2.57% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.23% | 3.19% | -0.96% |
Volatility
IVRA vs. FREL - Volatility Comparison
The current volatility for Invesco Real Assets ESG ETF (IVRA) is 0.00%, while Fidelity MSCI Real Estate Index ETF (FREL) has a volatility of 4.55%. 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.
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Volatility by Period
| IVRA | FREL | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.00% | 4.55% | -4.55% |
Volatility (6M)Calculated over the trailing 6-month period | 7.18% | 9.29% | -2.11% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.14% | 16.41% | -2.27% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.73% | 18.85% | -2.12% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.66% | 20.67% | -4.01% |