PXH vs. USRT
PXH (Invesco FTSE RAFI Emerging Markets ETF) and USRT (iShares Core U.S. REIT ETF) are both exchange-traded funds - PXH is a Emerging Markets Equities fund tracking the FTSE RAFI Emerging Markets Index, while USRT is a REIT fund tracking the FTSE Nareit Equity REITS 40 Act Capped Index. Both are passively managed. Over the past 10 years, PXH returned 9.18%/yr vs 6.04%/yr for USRT. At a 0.46 correlation, their price movements are largely independent. PXH charges 0.50%/yr vs 0.08%/yr for USRT.
Performance
PXH vs. USRT - Performance Comparison
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Returns By Period
In the year-to-date period, PXH achieves a 10.86% return, which is significantly lower than USRT's 21.46% return. Over the past 10 years, PXH has outperformed USRT with an annualized return of 9.18%, while USRT has yielded a comparatively lower 6.04% annualized return.
PXH
- 1D
- 0.21%
- 1M
- -1.90%
- 6M
- 6.37%
- YTD
- 10.86%
- 1Y
- 23.67%
- 3Y*
- 19.38%
- 5Y*
- 9.59%
- 10Y*
- 9.18%
- ALL TIME*
- 3.51%
USRT
- 1D
- -0.39%
- 1M
- 6.03%
- 6M
- 16.02%
- YTD
- 21.46%
- 1Y
- 23.91%
- 3Y*
- 11.84%
- 5Y*
- 5.46%
- 10Y*
- 6.04%
- ALL TIME*
- 5.61%
PXH vs. USRT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
PXH Invesco FTSE RAFI Emerging Markets ETF | 10.86% | 31.44% | 12.09% | 13.93% | -15.18% | 8.31% | -1.91% | 16.77% | -8.68% | 26.60% |
USRT iShares Core U.S. REIT ETF | 21.46% | 2.44% | 8.58% | 13.64% | -24.43% | 43.26% | -8.06% | 25.98% | -4.67% | 5.27% |
Correlation
The correlation between PXH and USRT is 0.19, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.19 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.33 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.39 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.37 |
Correlation (All Time) Calculated using the full available price history since Sep 28, 2007 | 0.46 |
Over the past year, the correlation between PXH and USRT has dropped to 0.19 - well below their long-term average of 0.46, suggesting their price drivers have been diverging.
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Return for Risk
PXH vs. USRT — Risk / Return Rank
PXH
USRT
PXH vs. USRT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco FTSE RAFI Emerging Markets ETF (PXH) and iShares Core U.S. REIT ETF (USRT). 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.
| PXH | USRT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.26 | ||
| Sortino ratioReturn per unit of downside risk | -0.38 | ||
| Omega ratioGain probability vs. loss probability | 1.27 | 1.30 | -0.03 |
| Calmar ratioReturn relative to maximum drawdown | 2.32 | 2.99 | -0.67 |
| Martin ratioReturn relative to average drawdown | 7.34 | 9.68 | -2.34 |
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Drawdowns
PXH vs. USRT - Drawdown Comparison
The maximum PXH drawdown since its inception was -63.63%, smaller than the maximum USRT drawdown of -69.92%. Use the drawdown chart below to compare losses from any high point for PXH and USRT.
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Drawdown Indicators
| PXH | USRT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -63.63% | -69.92% | +6.29% |
Max Drawdown (1Y)Largest decline over 1 year | -10.24% | -8.04% | -2.20% |
Max Drawdown (3Y)Largest decline over 3 years | -17.72% | -18.70% | +0.98% |
Max Drawdown (5Y)Largest decline over 5 years | -29.59% | -31.03% | +1.44% |
Max Drawdown (10Y)Largest decline over 10 years | -40.42% | -44.38% | +3.96% |
Current DrawdownCurrent decline from peak | -4.88% | -0.39% | -4.49% |
Average DrawdownAverage peak-to-trough decline | -16.78% | -12.90% | -3.88% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.23% | 2.48% | +0.75% |
Volatility
PXH vs. USRT - Volatility Comparison
Invesco FTSE RAFI Emerging Markets ETF (PXH) has a higher volatility of 4.92% compared to iShares Core U.S. REIT ETF (USRT) at 4.49%. This indicates that PXH's price experiences larger fluctuations and is considered to be riskier than USRT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PXH | USRT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.92% | 4.49% | +0.43% |
Volatility (6M)Calculated over the trailing 6-month period | 13.62% | 10.69% | +2.93% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.35% | 14.03% | +2.32% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.94% | 18.91% | -0.97% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.86% | 21.34% | -1.48% |
PXH vs. USRT - Expense Ratio Comparison
PXH has a 0.50% expense ratio, which is higher than USRT's 0.08% expense ratio.
Dividends
PXH vs. USRT - Dividend Comparison
PXH's dividend yield for the trailing twelve months is around 4.33%, more than USRT's 2.49% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PXH Invesco FTSE RAFI Emerging Markets ETF | 4.33% | 4.02% | 4.43% | 4.84% | 5.33% | 4.69% | 2.79% | 3.28% | 3.30% | 2.74% | 1.97% | 3.44% |
USRT iShares Core U.S. REIT ETF | 2.49% | 3.07% | 2.85% | 3.18% | 3.46% | 2.27% | 3.12% | 3.34% | 5.66% | 3.44% | 3.98% | 3.59% |
Frequently Asked Questions
PXH and USRT have a correlation of 0.19, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
PXH has higher volatility (4.92%) compared to USRT (4.49%). In terms of maximum drawdown, PXH dropped -63.63% vs USRT's -69.92%.
On 10-year performance, PXH leads with 9.18% vs 6.04% for USRT. On fees, USRT is cheaper at 0.08% per year. On volatility, USRT has been the lower-risk option at 4.49%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 10-year period, PXH has performed better with a 9.18% return vs 6.04%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
USRT is cheaper with a 0.08% expense ratio, compared with 0.50% for PXH.
PXH has the higher dividend yield at 4.33%, compared with 2.49% for USRT.
PXH is categorized as Emerging Markets Equities, while USRT is REIT. PXH tracks FTSE RAFI Emerging Markets Index, while USRT tracks FTSE Nareit Equity REITS 40 Act Capped Index. They also come from different issuers: Invesco and iShares. Their fees differ too: 0.50% for PXH and 0.08% for USRT.
USRT currently has the higher Sharpe Ratio (1.72 vs 1.46), 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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