PSR vs. IQRA

Last updated Jun 24, 2026

PSR (Invesco Active U.S. Real Estate Fund) and IQRA (IQ CBRE Real Assets ETF) are both REIT funds. Both are actively managed. Over the past 3 years, PSR returned 11.12%/yr vs 11.46%/yr for IQRA. Their correlation of 0.88 suggests significant overlap in exposure. PSR charges 0.35%/yr vs 0.65%/yr for IQRA.

Performance

PSR vs. IQRA - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Invesco Active U.S. Real Estate Fund (PSR) and IQ CBRE Real Assets ETF (IQRA). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, PSR achieves a 16.36% return, which is significantly higher than IQRA's 8.27% 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%

IQRA

• 1D: 0.59%
• 1M: -0.63%
• YTD: 8.27%
• 6M: 8.38%
• 1Y: 12.86%
• 3Y*: 11.46%
• 5Y*: —
• 10Y*: —

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

PSR vs. IQRA - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
PSR Invesco Active U.S. Real Estate Fund	16.36%	2.63%	1.79%	9.71%
IQRA IQ CBRE Real Assets ETF	8.27%	12.42%	5.58%	2.80%

Correlation

The correlation between PSR and IQRA is 0.86, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.86
Correlation (3Y) Calculated over the trailing 3-year period	0.88
Correlation (All Time) Calculated using the full available price history since May 10, 2023	0.88

The correlation between PSR and IQRA has been stable across timeframes, ranging from 0.86 to 0.88 - a consistent structural relationship.

Return for Risk

PSR vs. IQRA — Risk / Return Rank

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

PSR

PSR Risk / Return Rank: 33
PSR Sharpe Ratio Rank: 31
PSR Sortino Ratio Rank: 29
PSR Omega Ratio Rank: 30
PSR Calmar Ratio Rank: 38
PSR Martin Ratio Rank: 37

IQRA

IQRA Risk / Return Rank: 35
IQRA Sharpe Ratio Rank: 36
IQRA Sortino Ratio Rank: 33
IQRA Omega Ratio Rank: 34
IQRA Calmar Ratio Rank: 34
IQRA Martin Ratio Rank: 37

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.

PSR vs. IQRA - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco Active U.S. Real Estate Fund (PSR) and IQ CBRE Real Assets ETF (IQRA). 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	IQRA	Difference
Sharpe ratio: Return per unit of total volatility	1.07	1.20	-0.13
Sortino ratio: Return per unit of downside risk	1.50	1.64	-0.14
Omega ratio: Gain probability vs. loss probability	1.19	1.21	-0.02
Calmar ratio: Return relative to maximum drawdown	1.77	1.61	+0.16
Martin ratio: Return relative to average drawdown	5.53	5.28	+0.25

PSR vs. IQRA - Sharpe Ratio Comparison

The current PSR Sharpe Ratio is 1.07, which is comparable to the IQRA Sharpe Ratio of 1.20. The chart below compares the historical Sharpe Ratios of PSR and IQRA, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

PSR vs. IQRA - Drawdown Comparison

The maximum PSR drawdown since its inception was -42.31%, which is greater than IQRA's maximum drawdown of -15.70%. Use the drawdown chart below to compare losses from any high point for PSR and IQRA.

Drawdown Indicators

	PSR	IQRA	Difference
Max Drawdown Largest peak-to-trough decline	-42.31%	-15.70%	-26.61%
Max Drawdown (1Y) Largest decline over 1 year	-8.33%	-8.01%	-0.32%
Max Drawdown (3Y) Largest decline over 3 years	-16.58%	-15.70%	-0.88%
Max Drawdown (5Y) Largest decline over 5 years	-34.81%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-42.31%	—	—
Current Drawdown Current decline from peak	-1.92%	-2.97%	+1.05%
Average Drawdown Average peak-to-trough decline	-9.31%	-3.15%	-6.16%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.66%	2.44%	+0.22%

Volatility

PSR vs. IQRA - Volatility Comparison

Invesco Active U.S. Real Estate Fund (PSR) has a higher volatility of 5.32% compared to IQ CBRE Real Assets ETF (IQRA) at 3.73%. This indicates that PSR's price experiences larger fluctuations and is considered to be riskier than IQRA based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	PSR	IQRA	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.32%	3.73%	+1.59%
Volatility (6M) Calculated over the trailing 6-month period	10.46%	8.60%	+1.86%
Volatility (1Y) Calculated over the trailing 1-year period	13.80%	10.83%	+2.97%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.58%	12.85%	+5.73%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	20.36%	12.85%	+7.51%

PSR vs. IQRA - Expense Ratio Comparison

PSR has a 0.35% expense ratio, which is lower than IQRA's 0.65% expense ratio.

Dividends

PSR vs. IQRA - Dividend Comparison

PSR's dividend yield for the trailing twelve months is around 2.54%, less than IQRA's 2.70% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
IQRA IQ CBRE Real Assets ETF	2.70%	2.83%	3.53%	2.14%	0.00%	0.00%	0.00%	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

Can I hold both PSR and IQRA in my portfolio?

PSR and IQRA have a correlation of 0.86, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, PSR or IQRA?

PSR has higher volatility (5.32%) compared to IQRA (3.73%). In terms of maximum drawdown, PSR dropped -42.31% vs IQRA's -15.70%.

Which ETF is better, PSR or IQRA?

On 3-year performance, IQRA leads with 11.46% vs 11.12% for PSR. On fees, PSR is cheaper at 0.35% per year. On volatility, IQRA has been the lower-risk option at 3.73%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, PSR or IQRA?

Over the 3-year period, IQRA has performed better with a 11.46% return vs 11.12%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, PSR or IQRA?

PSR is cheaper with a 0.35% expense ratio, compared with 0.65% for IQRA.

Which ETF pays a higher dividend yield, PSR or IQRA?

IQRA has the higher dividend yield at 2.70%, compared with 2.54% for PSR.

What is the main difference between PSR and IQRA?

They also come from different issuers: Invesco and IndexIQ. Their fees differ too: 0.35% for PSR and 0.65% for IQRA.

Which has better risk-adjusted returns?

IQRA currently has the higher Sharpe Ratio (1.20 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.