PSR vs. SCHH
Compare and contrast key facts about Invesco Active U.S. Real Estate Fund (PSR) and Schwab US REIT ETF (SCHH).
PSR and SCHH 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. SCHH is a passively managed fund by Charles Schwab that tracks the performance of the Dow Jones U.S. Select REIT Index. It was launched on Jan 13, 2011.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: PSR or SCHH.
Key characteristics
| PSR | SCHH | |
|---|---|---|
| YTD Return | 7.03% | 10.40% |
| 1Y Return | 19.05% | 24.41% |
| 3Y Return (Ann) | -2.20% | -0.50% |
| 5Y Return (Ann) | 3.10% | 1.93% |
| 10Y Return (Ann) | 5.96% | 4.61% |
| Sharpe Ratio | 1.52 | 1.86 |
| Sortino Ratio | 2.24 | 2.66 |
| Omega Ratio | 1.27 | 1.33 |
| Calmar Ratio | 0.89 | 1.20 |
| Martin Ratio | 4.90 | 7.28 |
| Ulcer Index | 5.22% | 4.28% |
| Daily Std Dev | 16.88% | 16.81% |
| Max Drawdown | -42.31% | -44.22% |
| Current Drawdown | -13.63% | -7.93% |
Correlation
The correlation between PSR and SCHH is 0.90, 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.
Performance
PSR vs. SCHH - Performance Comparison
In the year-to-date period, PSR achieves a 7.03% return, which is significantly lower than SCHH's 10.40% return. Over the past 10 years, PSR has outperformed SCHH with an annualized return of 5.96%, while SCHH has yielded a comparatively lower 4.61% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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PSR vs. SCHH - Expense Ratio Comparison
PSR has a 0.35% expense ratio, which is higher than SCHH's 0.07% expense ratio.
Risk-Adjusted Performance
PSR vs. SCHH - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco Active U.S. Real Estate Fund (PSR) and Schwab US REIT ETF (SCHH). 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.
Dividends
PSR vs. SCHH - Dividend Comparison
PSR's dividend yield for the trailing twelve months is around 2.89%, less than SCHH's 2.96% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PSR Invesco Active U.S. Real Estate Fund | 2.89% | 2.93% | 2.95% | 2.12% | 3.09% | 2.55% | 2.64% | 0.14% | 3.60% | 2.03% | 1.24% | 1.56% |
SCHH Schwab US REIT ETF | 2.96% | 3.24% | 2.55% | 1.50% | 2.86% | 2.87% | 3.66% | 2.22% | 2.81% | 2.48% | 2.18% | 2.59% |
Drawdowns
PSR vs. SCHH - Drawdown Comparison
The maximum PSR drawdown since its inception was -42.31%, roughly equal to the maximum SCHH drawdown of -44.22%. Use the drawdown chart below to compare losses from any high point for PSR and SCHH. For additional features, visit the drawdowns tool.
Volatility
PSR vs. SCHH - Volatility Comparison
Invesco Active U.S. Real Estate Fund (PSR) and Schwab US REIT ETF (SCHH) have volatilities of 4.92% and 5.15%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.