USRT vs. PXH
USRT (iShares Core U.S. REIT ETF) and PXH (Invesco FTSE RAFI Emerging Markets ETF) are both exchange-traded funds - USRT is a REIT fund tracking the FTSE Nareit Equity REITS 40 Act Capped Index, while PXH is a Emerging Markets Equities fund tracking the FTSE RAFI Emerging Markets Index. Both are passively managed. Over the past 10 years, USRT returned 6.04%/yr vs 9.18%/yr for PXH. At a 0.46 correlation, their price movements are largely independent. USRT charges 0.08%/yr vs 0.50%/yr for PXH.
Performance
USRT vs. PXH - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, USRT achieves a 21.46% return, which is significantly higher than PXH's 10.86% return. Over the past 10 years, USRT has underperformed PXH with an annualized return of 6.04%, while PXH has yielded a comparatively higher 9.18% annualized return.
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
- 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 vs. PXH - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
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% |
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% |
Correlation
The correlation between USRT and PXH 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 USRT and PXH has dropped to 0.19 - well below their long-term average of 0.46, suggesting their price drivers have been diverging.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
USRT vs. PXH — Risk / Return Rank
USRT
PXH
USRT vs. PXH - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Core U.S. REIT ETF (USRT) and Invesco FTSE RAFI Emerging Markets ETF (PXH). 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.
| USRT | PXH | 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 | 1.30 | 1.27 | +0.03 |
| Calmar ratioReturn relative to maximum drawdown | 2.99 | 2.32 | +0.67 |
| Martin ratioReturn relative to average drawdown | 9.68 | 7.34 | +2.34 |
Loading charts...
Drawdowns
USRT vs. PXH - Drawdown Comparison
The maximum USRT drawdown since its inception was -69.92%, which is greater than PXH's maximum drawdown of -63.63%. Use the drawdown chart below to compare losses from any high point for USRT and PXH.
Loading charts...
Drawdown Indicators
| USRT | PXH | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -69.92% | -63.63% | -6.29% |
Max Drawdown (1Y)Largest decline over 1 year | -8.04% | -10.24% | +2.20% |
Max Drawdown (3Y)Largest decline over 3 years | -18.70% | -17.72% | -0.98% |
Max Drawdown (5Y)Largest decline over 5 years | -31.03% | -29.59% | -1.44% |
Max Drawdown (10Y)Largest decline over 10 years | -44.38% | -40.42% | -3.96% |
Current DrawdownCurrent decline from peak | -0.39% | -4.88% | +4.49% |
Average DrawdownAverage peak-to-trough decline | -12.90% | -16.78% | +3.88% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.48% | 3.23% | -0.75% |
Volatility
USRT vs. PXH - Volatility Comparison
The current volatility for iShares Core U.S. REIT ETF (USRT) is 4.49%, while Invesco FTSE RAFI Emerging Markets ETF (PXH) has a volatility of 4.92%. This indicates that USRT experiences smaller price fluctuations and is considered to be less risky than PXH based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| USRT | PXH | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.49% | 4.92% | -0.43% |
Volatility (6M)Calculated over the trailing 6-month period | 10.69% | 13.62% | -2.93% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.03% | 16.35% | -2.32% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.91% | 17.94% | +0.97% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.34% | 19.86% | +1.48% |
USRT vs. PXH - Expense Ratio Comparison
USRT has a 0.08% expense ratio, which is lower than PXH's 0.50% expense ratio.
Dividends
USRT vs. PXH - Dividend Comparison
USRT's dividend yield for the trailing twelve months is around 2.49%, less than PXH's 4.33% 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
USRT and PXH 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, USRT dropped -69.92% vs PXH's -63.63%.
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.
USRT is categorized as REIT, while PXH is Emerging Markets Equities. USRT tracks FTSE Nareit Equity REITS 40 Act Capped Index, while PXH tracks FTSE RAFI Emerging Markets Index. They also come from different issuers: iShares and Invesco. Their fees differ too: 0.08% for USRT and 0.50% for PXH.
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.
Find the right allocation for USRT and PXH
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer