PSR vs. QQQ
PSR (Invesco Active U.S. Real Estate Fund) and QQQ (Invesco QQQ ETF) are both exchange-traded funds - PSR is a REIT fund actively managed by Invesco, while QQQ is a Nasdaq-100 fund tracking the NASDAQ-100 Index. PSR is actively managed, while QQQ is passively managed. Over the past 10 years, PSR returned 5.73%/yr vs 22.48%/yr for QQQ. At a 0.43 correlation, their price movements are largely independent. PSR charges 0.35%/yr vs 0.18%/yr for QQQ.
Performance
PSR vs. QQQ - Performance Comparison
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Returns By Period
In the year-to-date period, PSR achieves a 14.74% return, which is significantly lower than QQQ's 20.41% return. Over the past 10 years, PSR has underperformed QQQ with an annualized return of 5.73%, while QQQ has yielded a comparatively higher 22.48% annualized return.
PSR
- 1D
- 1.10%
- 1M
- 0.20%
- YTD
- 14.74%
- 6M
- 15.23%
- 1Y
- 14.47%
- 3Y*
- 10.60%
- 5Y*
- 2.48%
- 10Y*
- 5.73%
QQQ
- 1D
- -0.25%
- 1M
- 2.96%
- YTD
- 20.41%
- 6M
- 19.46%
- 1Y
- 40.91%
- 3Y*
- 27.47%
- 5Y*
- 16.94%
- 10Y*
- 22.48%
PSR vs. QQQ - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
PSR Invesco Active U.S. Real Estate Fund | 14.74% | 2.63% | 1.79% | 8.34% | -25.52% | 41.71% | -6.04% | 28.76% | -4.58% | 11.95% |
QQQ Invesco QQQ ETF | 20.41% | 20.77% | 25.58% | 54.86% | -32.58% | 27.42% | 48.62% | 38.96% | -0.13% | 32.66% |
Correlation
The correlation between PSR and QQQ is 0.11, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.11 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.25 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.42 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.39 |
Correlation (All Time) Calculated using the full available price history since Nov 21, 2008 | 0.43 |
Over the past year, the correlation between PSR and QQQ has dropped to 0.11 - well below their long-term average of 0.43, suggesting their price drivers have been diverging.
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Return for Risk
PSR vs. QQQ — Risk / Return Rank
PSR
QQQ
PSR vs. QQQ - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco Active U.S. Real Estate Fund (PSR) and Invesco QQQ ETF (QQQ). 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 | QQQ | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.27 | ||
| Sortino ratioReturn per unit of downside risk | -1.55 | ||
| Omega ratioGain probability vs. loss probability | 1.19 | 1.41 | -0.22 |
| Calmar ratioReturn relative to maximum drawdown | 1.74 | 3.44 | -1.69 |
| Martin ratioReturn relative to average drawdown | 5.45 | 12.79 | -7.34 |
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Drawdowns
PSR vs. QQQ - Drawdown Comparison
The maximum PSR drawdown since its inception was -42.31%, smaller than the maximum QQQ drawdown of -82.97%. Use the drawdown chart below to compare losses from any high point for PSR and QQQ.
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Drawdown Indicators
| PSR | QQQ | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -42.31% | -82.97% | +40.66% |
Max Drawdown (1Y)Largest decline over 1 year | -8.33% | -11.96% | +3.63% |
Max Drawdown (3Y)Largest decline over 3 years | -16.58% | -22.77% | +6.19% |
Max Drawdown (5Y)Largest decline over 5 years | -34.81% | -35.12% | +0.31% |
Max Drawdown (10Y)Largest decline over 10 years | -42.31% | -35.12% | -7.19% |
Current DrawdownCurrent decline from peak | -3.28% | -0.99% | -2.29% |
Average DrawdownAverage peak-to-trough decline | -9.31% | -32.73% | +23.42% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.66% | 3.21% | -0.55% |
Volatility
PSR vs. QQQ - Volatility Comparison
The current volatility for Invesco Active U.S. Real Estate Fund (PSR) is 5.14%, while Invesco QQQ ETF (QQQ) has a volatility of 8.47%. This indicates that PSR experiences smaller price fluctuations and is considered to be less risky than QQQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PSR | QQQ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.14% | 8.47% | -3.33% |
Volatility (6M)Calculated over the trailing 6-month period | 10.40% | 14.20% | -3.80% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.76% | 17.67% | -3.91% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.57% | 22.64% | -4.07% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.35% | 22.43% | -2.08% |
PSR vs. QQQ - Expense Ratio Comparison
PSR has a 0.35% expense ratio, which is higher than QQQ's 0.18% expense ratio.
Dividends
PSR vs. QQQ - Dividend Comparison
PSR's dividend yield for the trailing twelve months is around 3.14%, more than QQQ's 0.49% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PSR Invesco Active U.S. Real Estate Fund | 3.14% | 2.56% | 3.06% | 2.93% | 2.95% | 2.12% | 3.09% | 2.55% | 2.64% | 0.14% | 3.60% | 3.20% |
QQQ Invesco QQQ ETF | 0.49% | 0.45% | 0.56% | 0.62% | 0.80% | 0.43% | 0.55% | 0.74% | 0.91% | 0.84% | 1.06% | 0.99% |
Frequently Asked Questions
PSR and QQQ have a correlation of 0.11, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
QQQ has higher volatility (8.47%) compared to PSR (5.14%). In terms of maximum drawdown, PSR dropped -42.31% vs QQQ's -82.97%.
On 10-year performance, QQQ leads with 22.48% vs 5.73% for PSR. On fees, QQQ is cheaper at 0.18% per year. On volatility, PSR has been the lower-risk option at 5.14%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 10-year period, QQQ has performed better with a 22.48% return vs 5.73%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
QQQ is cheaper with a 0.18% expense ratio, compared with 0.35% for PSR.
PSR has the higher dividend yield at 3.14%, compared with 0.49% for QQQ.
PSR is categorized as REIT, while QQQ is Nasdaq-100. Their fees differ too: 0.35% for PSR and 0.18% for QQQ.
QQQ currently has the higher Sharpe Ratio (2.33 vs 1.06), 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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