PSR vs. GDMA
PSR (Invesco Active U.S. Real Estate Fund) and GDMA (Gadsden Dynamic Multi-Asset ETF) are both exchange-traded funds - PSR is a REIT fund actively managed by Invesco, while GDMA is a Hedge Fund fund actively managed by Gadsden. Both are actively managed. Over the past 5 years, PSR returned 2.80%/yr vs 8.19%/yr for GDMA. At a 0.20 correlation, their price movements are largely independent. PSR charges 0.35%/yr vs 0.77%/yr for GDMA.
Performance
PSR vs. GDMA - Performance Comparison
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Returns By Period
In the year-to-date period, PSR achieves a 16.36% return, which is significantly higher than GDMA's 10.22% return.
PSR
- 1D
- 1.41%
- 1M
- 1.61%
- YTD
- 16.36%
- 6M
- 16.93%
- 1Y
- 14.68%
- 3Y*
- 11.12%
- 5Y*
- 2.80%
- 10Y*
- 5.88%
GDMA
- 1D
- -3.51%
- 1M
- 2.90%
- YTD
- 10.22%
- 6M
- 9.52%
- 1Y
- 30.24%
- 3Y*
- 16.68%
- 5Y*
- 8.19%
- 10Y*
- —
PSR vs. GDMA - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
PSR Invesco Active U.S. Real Estate Fund | 16.36% | 2.63% | 1.79% | 8.34% | -25.52% | 41.71% | -6.04% | 28.76% | -6.02% |
GDMA Gadsden Dynamic Multi-Asset ETF | 10.22% | 25.29% | 7.44% | 1.72% | -2.08% | 3.95% | 21.08% | 11.59% | -3.70% |
Correlation
The correlation between PSR and GDMA is 0.08, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.08 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.21 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.08 |
Correlation (All Time) Calculated using the full available price history since Nov 15, 2018 | 0.20 |
The correlation between PSR and GDMA shifts across timeframes, from 0.08 (1 year) to 0.21 (3 years), reflecting how their relationship changes across market environments.
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Return for Risk
PSR vs. GDMA — Risk / Return Rank
PSR
GDMA
PSR vs. GDMA - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco Active U.S. Real Estate Fund (PSR) and Gadsden Dynamic Multi-Asset ETF (GDMA). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| PSR | GDMA | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.92 | ||
| Sortino ratioReturn per unit of downside risk | -1.06 | ||
| Omega ratioGain probability vs. loss probability | 1.19 | 1.39 | -0.19 |
| Calmar ratioReturn relative to maximum drawdown | 1.77 | 4.03 | -2.26 |
| Martin ratioReturn relative to average drawdown | 5.53 | 10.70 | -5.17 |
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Drawdowns
PSR vs. GDMA - Drawdown Comparison
The maximum PSR drawdown since its inception was -42.31%, which is greater than GDMA's maximum drawdown of -16.66%. Use the drawdown chart below to compare losses from any high point for PSR and GDMA.
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Drawdown Indicators
| PSR | GDMA | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -42.31% | -16.66% | -25.65% |
Max Drawdown (1Y)Largest decline over 1 year | -8.33% | -7.53% | -0.80% |
Max Drawdown (3Y)Largest decline over 3 years | -16.58% | -7.53% | -9.05% |
Max Drawdown (5Y)Largest decline over 5 years | -34.81% | -12.74% | -22.07% |
Max Drawdown (10Y)Largest decline over 10 years | -42.31% | — | — |
Current DrawdownCurrent decline from peak | -1.92% | -3.51% | +1.59% |
Average DrawdownAverage peak-to-trough decline | -9.31% | -3.78% | -5.53% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.66% | 2.83% | -0.17% |
Volatility
PSR vs. GDMA - Volatility Comparison
The current volatility for Invesco Active U.S. Real Estate Fund (PSR) is 5.32%, while Gadsden Dynamic Multi-Asset ETF (GDMA) has a volatility of 8.71%. This indicates that PSR experiences smaller price fluctuations and is considered to be less risky than GDMA based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PSR | GDMA | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.32% | 8.71% | -3.39% |
Volatility (6M)Calculated over the trailing 6-month period | 10.46% | 12.85% | -2.39% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.80% | 15.24% | -1.44% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.58% | 10.21% | +8.37% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.36% | 11.32% | +9.04% |
PSR vs. GDMA - Expense Ratio Comparison
PSR has a 0.35% expense ratio, which is lower than GDMA's 0.77% expense ratio.
Dividends
PSR vs. GDMA - Dividend Comparison
PSR's dividend yield for the trailing twelve months is around 2.54%, which matches GDMA's 2.53% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GDMA Gadsden Dynamic Multi-Asset ETF | 2.53% | 2.79% | 2.32% | 4.14% | 1.18% | 2.10% | 0.62% | 3.17% | 0.00% | 0.00% | 0.00% | 0.00% |
PSR Invesco Active U.S. Real Estate Fund | 2.54% | 2.56% | 3.06% | 2.93% | 2.95% | 2.12% | 3.09% | 2.55% | 2.64% | 0.14% | 3.60% | 3.20% |
Frequently Asked Questions
PSR and GDMA have a correlation of 0.08, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
GDMA has higher volatility (8.71%) compared to PSR (5.32%). In terms of maximum drawdown, PSR dropped -42.31% vs GDMA's -16.66%.
On 5-year performance, GDMA leads with 8.19% vs 2.80% for PSR. On fees, PSR is cheaper at 0.35% per year. On volatility, PSR has been the lower-risk option at 5.32%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, GDMA has performed better with a 8.19% return vs 2.80%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
PSR is cheaper with a 0.35% expense ratio, compared with 0.77% for GDMA.
PSR and GDMA have nearly identical dividend yields, around 2.54%.
PSR is categorized as REIT, while GDMA is Hedge Fund. They also come from different issuers: Invesco and Gadsden. Their fees differ too: 0.35% for PSR and 0.77% for GDMA.
GDMA currently has the higher Sharpe Ratio (2.00 vs 1.07), 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.
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