PSR vs. IBHF
PSR (Invesco Active U.S. Real Estate Fund) and IBHF (iShares iBonds 2026 Term High Yield and Income ETF) are both exchange-traded funds - PSR is a REIT fund actively managed by Invesco, while IBHF is a Corporate Bonds fund actively managed by iShares. Both are actively managed. Over the past 5 years, PSR returned 2.80%/yr vs 3.96%/yr for IBHF. At a 0.47 correlation, their price movements are largely independent. Both charge a 0.35% expense ratio.
Performance
PSR vs. IBHF - 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 IBHF's 0.58% 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%
IBHF
- 1D
- 0.04%
- 1M
- -0.10%
- YTD
- 0.58%
- 6M
- 0.69%
- 1Y
- 4.22%
- 3Y*
- 7.37%
- 5Y*
- 3.96%
- 10Y*
- —
PSR vs. IBHF - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
PSR Invesco Active U.S. Real Estate Fund | 16.36% | 2.63% | 1.79% | 8.34% | -25.52% | 41.71% | 1.63% |
IBHF iShares iBonds 2026 Term High Yield and Income ETF | 0.58% | 6.60% | 8.55% | 10.40% | -6.66% | 4.43% | 2.60% |
Correlation
The correlation between PSR and IBHF is 0.17, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.17 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.40 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.47 |
Correlation (All Time) Calculated using the full available price history since Nov 12, 2020 | 0.47 |
Over the past year, the correlation between PSR and IBHF has dropped to 0.17 - well below their long-term average of 0.47, suggesting their price drivers have been diverging.
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Return for Risk
PSR vs. IBHF — Risk / Return Rank
PSR
IBHF
PSR vs. IBHF - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco Active U.S. Real Estate Fund (PSR) and iShares iBonds 2026 Term High Yield and Income ETF (IBHF). 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 | IBHF | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.15 | ||
| Sortino ratioReturn per unit of downside risk | -2.31 | ||
| Omega ratioGain probability vs. loss probability | 1.19 | 1.47 | -0.27 |
| Calmar ratioReturn relative to maximum drawdown | 1.77 | 5.62 | -3.85 |
| Martin ratioReturn relative to average drawdown | 5.53 | 17.94 | -12.41 |
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Drawdowns
PSR vs. IBHF - Drawdown Comparison
The maximum PSR drawdown since its inception was -42.31%, which is greater than IBHF's maximum drawdown of -11.19%. Use the drawdown chart below to compare losses from any high point for PSR and IBHF.
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Drawdown Indicators
| PSR | IBHF | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -42.31% | -11.19% | -31.12% |
Max Drawdown (1Y)Largest decline over 1 year | -8.33% | -0.75% | -7.58% |
Max Drawdown (3Y)Largest decline over 3 years | -16.58% | -2.53% | -14.05% |
Max Drawdown (5Y)Largest decline over 5 years | -34.81% | -11.19% | -23.62% |
Max Drawdown (10Y)Largest decline over 10 years | -42.31% | — | — |
Current DrawdownCurrent decline from peak | -1.92% | -0.40% | -1.52% |
Average DrawdownAverage peak-to-trough decline | -9.31% | -1.78% | -7.53% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.66% | 0.24% | +2.42% |
Volatility
PSR vs. IBHF - Volatility Comparison
Invesco Active U.S. Real Estate Fund (PSR) has a higher volatility of 5.32% compared to iShares iBonds 2026 Term High Yield and Income ETF (IBHF) at 0.47%. This indicates that PSR's price experiences larger fluctuations and is considered to be riskier than IBHF based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PSR | IBHF | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.32% | 0.47% | +4.85% |
Volatility (6M)Calculated over the trailing 6-month period | 10.46% | 1.22% | +9.24% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.80% | 1.91% | +11.89% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.58% | 5.79% | +12.79% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.36% | 5.64% | +14.72% |
PSR vs. IBHF - Expense Ratio Comparison
Both PSR and IBHF have an expense ratio of 0.35%.
Dividends
PSR vs. IBHF - Dividend Comparison
PSR's dividend yield for the trailing twelve months is around 2.54%, less than IBHF's 6.53% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IBHF iShares iBonds 2026 Term High Yield and Income ETF | 6.53% | 6.73% | 7.17% | 7.33% | 6.01% | 4.55% | 0.61% | 0.00% | 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 IBHF have a correlation of 0.17, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
PSR has higher volatility (5.32%) compared to IBHF (0.47%). In terms of maximum drawdown, PSR dropped -42.31% vs IBHF's -11.19%.
On 5-year performance, IBHF leads with 3.96% vs 2.80% for PSR. Both ETFs have the same 0.35% expense ratio. On volatility, IBHF has been the lower-risk option at 0.47%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, IBHF has performed better with a 3.96% return vs 2.80%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
PSR and IBHF have the same expense ratio: 0.35% per year.
IBHF has the higher dividend yield at 6.53%, compared with 2.54% for PSR.
PSR is categorized as REIT, while IBHF is Corporate Bonds. They also come from different issuers: Invesco and iShares.
IBHF currently has the higher Sharpe Ratio (2.22 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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