PSR vs. IYRI

Last updated Apr 1, 2026

Compare and contrast key facts about Invesco Active U.S. Real Estate Fund (PSR) and NEOS Real Estate High Income ETF (IYRI).

PSR and IYRI are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. PSR is an actively managed fund by Invesco. It was launched on Nov 20, 2008. IYRI is a passively managed fund by Neos that tracks the performance of the Dow Jones U.S. Real Estate Capped Index. It was launched on Jan 14, 2025.

Performance

PSR vs. IYRI - Performance Comparison

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

PSR vs. IYRI - Yearly Performance Comparison

	2026 (YTD)	2025
PSR Invesco Active U.S. Real Estate Fund	3.25%	4.97%
IYRI NEOS Real Estate High Income ETF	-0.02%	7.95%

Returns By Period

In the year-to-date period, PSR achieves a 3.25% return, which is significantly higher than IYRI's -0.02% return.

PSR

• 1D: 1.59%
• 1M: -6.40%
• YTD: 3.25%
• 6M: 1.32%
• 1Y: 2.77%
• 3Y*: 4.91%
• 5Y*: 2.26%
• 10Y*: 4.86%

IYRI

• 1D: 1.81%
• 1M: -5.59%
• YTD: -0.02%
• 6M: -1.22%
• 1Y: 4.11%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

PSR vs. IYRI - Expense Ratio Comparison

PSR has a 0.35% expense ratio, which is lower than IYRI's 0.68% expense ratio.

IYRI

NEOS Real Estate High Income ETF

PSR

Invesco Active U.S. Real Estate Fund

Return for Risk

PSR vs. IYRI — Risk / Return Rank

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

PSR

PSR Risk / Return Rank: 18
PSR Sharpe Ratio Rank: 17
PSR Sortino Ratio Rank: 16
PSR Omega Ratio Rank: 16
PSR Calmar Ratio Rank: 19
PSR Martin Ratio Rank: 21

IYRI

IYRI Risk / Return Rank: 22
IYRI Sharpe Ratio Rank: 21
IYRI Sortino Ratio Rank: 20
IYRI Omega Ratio Rank: 21
IYRI Calmar Ratio Rank: 22
IYRI Martin Ratio Rank: 26

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. IYRI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco Active U.S. Real Estate Fund (PSR) and NEOS Real Estate High Income ETF (IYRI). 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.

	PSR	IYRI	Difference
Sharpe ratio Return per unit of total volatility	0.18	0.30	-0.12
Sortino ratio Return per unit of downside risk	0.34	0.50	-0.16
Omega ratio Gain probability vs. loss probability	1.05	1.07	-0.02
Calmar ratio Return relative to maximum drawdown	0.31	0.40	-0.09
Martin ratio Return relative to average drawdown	1.22	1.79	-0.58
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

PSR vs. IYRI - Sharpe Ratio Comparison

The current PSR Sharpe Ratio is 0.18, which is lower than the IYRI Sharpe Ratio of 0.30. The chart below compares the historical Sharpe Ratios of PSR and IYRI, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	PSR	IYRI	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.18	0.30	-0.12
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.12	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.24	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.49	0.49	0.00

Correlation

The correlation between PSR and IYRI is 0.93, 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

PSR vs. IYRI - Dividend Comparison

PSR's dividend yield for the trailing twelve months is around 2.62%, less than IYRI's 11.67% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
PSR Invesco Active U.S. Real Estate Fund	2.62%	2.56%	3.06%	2.93%	2.95%	2.12%	3.09%	2.55%	2.64%	0.14%	3.60%	3.20%
IYRI NEOS Real Estate High Income ETF	11.67%	11.72%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Drawdowns

PSR vs. IYRI - Drawdown Comparison

The maximum PSR drawdown since its inception was -42.31%, which is greater than IYRI's maximum drawdown of -12.12%. Use the drawdown chart below to compare losses from any high point for PSR and IYRI.

Drawdown Indicators

	PSR	IYRI	Difference
Max Drawdown Largest peak-to-trough decline	-42.31%	-12.12%	-30.19%
Max Drawdown (1Y) Largest decline over 1 year	-11.98%	-11.31%	-0.67%
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	-12.97%	-5.73%	-7.24%
Average Drawdown Average peak-to-trough decline	-9.36%	-1.78%	-7.58%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.06%	2.54%	+0.52%

Volatility

PSR vs. IYRI - Volatility Comparison

Invesco Active U.S. Real Estate Fund (PSR) has a higher volatility of 4.52% compared to NEOS Real Estate High Income ETF (IYRI) at 4.19%. This indicates that PSR's price experiences larger fluctuations and is considered to be riskier than IYRI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	PSR	IYRI	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.52%	4.19%	+0.33%
Volatility (6M) Calculated over the trailing 6-month period	9.20%	7.48%	+1.72%
Volatility (1Y) Calculated over the trailing 1-year period	15.83%	13.79%	+2.04%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.50%	13.48%	+5.02%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	20.30%	13.48%	+6.82%