PSR vs. UCON
Compare and contrast key facts about Invesco Active U.S. Real Estate Fund (PSR) and First Trust TCW Unconstrained Plus Bond ETF (UCON).
PSR and UCON 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. UCON is an actively managed fund by First Trust. It was launched on Jun 4, 2018.
Performance
PSR vs. UCON - Performance Comparison
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PSR vs. UCON - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
PSR Invesco Active U.S. Real Estate Fund | 3.25% | 2.63% | 1.79% | 8.34% | -25.52% | 41.71% | -6.04% | 28.76% | -2.47% |
UCON First Trust TCW Unconstrained Plus Bond ETF | -0.52% | 7.00% | 4.69% | 7.72% | -5.72% | 1.02% | 6.54% | 7.39% | 1.11% |
Returns By Period
In the year-to-date period, PSR achieves a 3.25% return, which is significantly higher than UCON's -0.52% 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%
UCON
- 1D
- 0.53%
- 1M
- -1.66%
- YTD
- -0.52%
- 6M
- 0.71%
- 1Y
- 4.82%
- 3Y*
- 5.73%
- 5Y*
- 2.65%
- 10Y*
- —
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PSR vs. UCON - Expense Ratio Comparison
PSR has a 0.35% expense ratio, which is lower than UCON's 0.86% expense ratio.
Return for Risk
PSR vs. UCON — Risk / Return Rank
PSR
UCON
PSR vs. UCON - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco Active U.S. Real Estate Fund (PSR) and First Trust TCW Unconstrained Plus Bond ETF (UCON). 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 | UCON | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.18 | 1.65 | -1.48 |
Sortino ratioReturn per unit of downside risk | 0.34 | 2.34 | -1.99 |
Omega ratioGain probability vs. loss probability | 1.05 | 1.31 | -0.26 |
Calmar ratioReturn relative to maximum drawdown | 0.31 | 1.93 | -1.62 |
Martin ratioReturn relative to average drawdown | 1.22 | 8.54 | -7.32 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| PSR | UCON | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.18 | 1.65 | -1.48 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.12 | 0.69 | -0.57 |
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 | 0.62 | -0.13 |
Correlation
The correlation between PSR and UCON is 0.24, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Dividends
PSR vs. UCON - Dividend Comparison
PSR's dividend yield for the trailing twelve months is around 2.62%, less than UCON's 4.66% 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% |
UCON First Trust TCW Unconstrained Plus Bond ETF | 4.66% | 4.63% | 4.95% | 4.75% | 3.12% | 2.20% | 3.14% | 3.25% | 1.76% | 0.00% | 0.00% | 0.00% |
Drawdowns
PSR vs. UCON - Drawdown Comparison
The maximum PSR drawdown since its inception was -42.31%, which is greater than UCON's maximum drawdown of -15.31%. Use the drawdown chart below to compare losses from any high point for PSR and UCON.
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Drawdown Indicators
| PSR | UCON | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -42.31% | -15.31% | -27.00% |
Max Drawdown (1Y)Largest decline over 1 year | -11.98% | -2.45% | -9.53% |
Max Drawdown (5Y)Largest decline over 5 years | -34.81% | -9.60% | -25.21% |
Max Drawdown (10Y)Largest decline over 10 years | -42.31% | — | — |
Current DrawdownCurrent decline from peak | -12.97% | -1.70% | -11.27% |
Average DrawdownAverage peak-to-trough decline | -9.36% | -1.50% | -7.86% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.06% | 0.55% | +2.51% |
Volatility
PSR vs. UCON - Volatility Comparison
Invesco Active U.S. Real Estate Fund (PSR) has a higher volatility of 4.52% compared to First Trust TCW Unconstrained Plus Bond ETF (UCON) at 1.54%. This indicates that PSR's price experiences larger fluctuations and is considered to be riskier than UCON based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PSR | UCON | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.52% | 1.54% | +2.98% |
Volatility (6M)Calculated over the trailing 6-month period | 9.20% | 2.06% | +7.14% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.83% | 2.92% | +12.91% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.50% | 3.84% | +14.66% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.30% | 5.94% | +14.36% |