REZ vs. IVRA
REZ (iShares Residential and Multisector Real Estate ETF) and IVRA (Invesco Real Assets ESG ETF) are both exchange-traded funds - REZ is a REIT fund tracking the FTSE NAREIT All Residential Capped Index, while IVRA is a ESG fund actively managed by Invesco. REZ is passively managed, while IVRA is actively managed. A 0.76 correlation means they provide meaningful diversification when combined. REZ charges 0.48%/yr vs 0.59%/yr for IVRA.
Performance
REZ vs. IVRA - Performance Comparison
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Returns By Period
REZ
- 1D
- 1.13%
- 1M
- 4.09%
- 6M
- 15.55%
- YTD
- 16.89%
- 1Y
- 18.32%
- 3Y*
- 11.11%
- 5Y*
- 4.35%
- 10Y*
- 6.73%
IVRA
- 1D
- —
- 1M
- —
- 6M
- —
- YTD
- —
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
REZ vs. IVRA - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
REZ iShares Residential and Multisector Real Estate ETF | 16.89% | 4.80% | 12.73% | 10.97% | -28.31% | 47.86% | 2.11% |
IVRA Invesco Real Assets ESG ETF | 11.70% | 10.20% | 13.07% | 9.13% | -10.00% | 32.74% | 1.28% |
Correlation
The correlation between REZ and IVRA is 0.54, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.54 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.73 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.77 |
Correlation (All Time) Calculated using the full available price history since Dec 22, 2020 | 0.76 |
Over the past year, the correlation between REZ and IVRA has dropped to 0.54 - well below their long-term average of 0.76, suggesting their price drivers have been diverging.
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Return for Risk
REZ vs. IVRA — Risk / Return Rank
REZ
IVRA
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
REZ vs. IVRA - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Residential and Multisector Real Estate ETF (REZ) and Invesco Real Assets ESG ETF (IVRA). 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.
| REZ | IVRA | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.21 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 2.10 | — | — |
| Martin ratioReturn relative to average drawdown | 6.33 | — | — |
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Drawdowns
REZ vs. IVRA - Drawdown Comparison
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Drawdown Indicators
| REZ | IVRA | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -66.87% | — | — |
Max Drawdown (1Y)Largest decline over 1 year | -8.76% | — | — |
Max Drawdown (3Y)Largest decline over 3 years | -18.39% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -35.05% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -44.15% | — | — |
Current DrawdownCurrent decline from peak | -1.53% | — | — |
Average DrawdownAverage peak-to-trough decline | -12.62% | — | — |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.90% | — | — |
Volatility
REZ vs. IVRA - Volatility Comparison
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Volatility by Period
| REZ | IVRA | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.63% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 11.95% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 15.47% | — | — |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.04% | — | — |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.59% | — | — |
REZ vs. IVRA - Expense Ratio Comparison
REZ has a 0.48% expense ratio, which is lower than IVRA's 0.59% expense ratio.
Dividends
REZ vs. IVRA - Dividend Comparison
REZ's dividend yield for the trailing twelve months is around 1.96%, while IVRA has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IVRA Invesco Real Assets ESG ETF | 16.80% | 5.68% | 3.71% | 2.47% | 2.30% | 3.01% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
REZ iShares Residential and Multisector Real Estate ETF | 1.96% | 2.74% | 2.26% | 2.94% | 3.37% | 1.81% | 3.17% | 2.90% | 3.63% | 3.57% | 5.55% | 3.18% |
Frequently Asked Questions
REZ and IVRA have a correlation of 0.54, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, REZ is cheaper at 0.48% per year. The better choice depends on whether you care most about return, fees, risk, or income.
REZ is cheaper with a 0.48% expense ratio, compared with 0.59% for IVRA.
IVRA has the higher dividend yield at 16.80%, compared with 1.96% for REZ.
REZ is categorized as REIT, while IVRA is ESG. They also come from different issuers: iShares and Invesco. Their fees differ too: 0.48% for REZ and 0.59% for IVRA.
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