PSR vs. VNQ
Compare and contrast key facts about Invesco Active U.S. Real Estate Fund (PSR) and Vanguard Real Estate ETF (VNQ).
PSR and VNQ 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. VNQ is a passively managed fund by Vanguard that tracks the performance of the MSCI US REIT Index. It was launched on Sep 23, 2004.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: PSR or VNQ.
Key characteristics
| PSR | VNQ | |
|---|---|---|
| YTD Return | -9.02% | -7.20% |
| 1Y Return | 0.25% | 3.83% |
| 3Y Return (Ann) | -3.39% | -2.59% |
| 5Y Return (Ann) | 1.32% | 2.24% |
| 10Y Return (Ann) | 5.34% | 5.20% |
| Sharpe Ratio | 0.05 | 0.25 |
| Daily Std Dev | 18.44% | 18.83% |
| Max Drawdown | -42.31% | -73.07% |
| Current Drawdown | -26.58% | -23.45% |
Correlation
The correlation between PSR and VNQ is 0.85, 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. VNQ - Performance Comparison
In the year-to-date period, PSR achieves a -9.02% return, which is significantly lower than VNQ's -7.20% return. Both investments have delivered pretty close results over the past 10 years, with PSR having a 5.34% annualized return and VNQ not far behind at 5.20%. 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. VNQ - Expense Ratio Comparison
PSR has a 0.35% expense ratio, which is higher than VNQ's 0.12% expense ratio.
Risk-Adjusted Performance
PSR vs. VNQ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco Active U.S. Real Estate Fund (PSR) and Vanguard Real Estate ETF (VNQ). 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. VNQ - Dividend Comparison
PSR's dividend yield for the trailing twelve months is around 3.30%, less than VNQ's 4.25% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PSR Invesco Active U.S. Real Estate Fund | 3.30% | 2.93% | 2.95% | 2.12% | 3.09% | 2.55% | 2.64% | 0.14% | 3.58% | 2.04% | 1.24% | 1.56% |
VNQ Vanguard Real Estate ETF | 4.25% | 3.95% | 3.91% | 2.56% | 3.93% | 3.39% | 4.74% | 4.23% | 4.82% | 3.92% | 3.60% | 4.32% |
Drawdowns
PSR vs. VNQ - Drawdown Comparison
The maximum PSR drawdown since its inception was -42.31%, smaller than the maximum VNQ drawdown of -73.07%. Use the drawdown chart below to compare losses from any high point for PSR and VNQ. For additional features, visit the drawdowns tool.
Volatility
PSR vs. VNQ - Volatility Comparison
Invesco Active U.S. Real Estate Fund (PSR) and Vanguard Real Estate ETF (VNQ) have volatilities of 5.87% and 6.17%, 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.