IVRA
Invesco Real Assets ESG ETF
IVRA is an actively managed, non-transparent fund of North American real assets companies screened for both environmental, social, and governance (ESG) and fundamental factors.
US
EQUITY
Active
MANAGEMENT STYLE
9.7 M
ASSETS UNDER MGMT
59 bp
EXPENSES
Fund Basics
| Fund sponsor | Invesco |
| Category | US |
| Asset class | Equity |
| Website | link... |
| Inception date | Dec 22, 2020 |
| Assets (mns) | $10 |
| Expense ratio | 59 bp |
| Currency | USD |
Sector Breakdown
Fund Structure
| Regulation | Open-Ended Fund |
| Distributions | Quarterly |
| Taxation | 1099 |
| Stock selection | Proprietary |
| Weighting | Proprietary |
| Holdings Transparency | Non-transparent |
| Derivatives-based | No |
| Options available | No |
| Currency hedged | No |
| Fund of funds | No |
Top 10 Holdings
Complete list +
| EQUINIX INC | 5.8 % |
| PROLOGIS INC | 5.5 % |
| CHENIERE ENERGY INC | 5.4 % |
| SIMON PROPERTY GROUP INC | 4.2 % |
| AMERICAN TOWER CORP-CL A | 4.1 % |
| ONEOK INC | 4.0 % |
| TARGA RESOURCES CORP | 3.4 % |
| ENBRIDGE INC | 3.4 % |
| SEMPRA ENERGY | 3.3 % |
| GIBSON ENERGY INC | 3.1 % |
Constituent Breakdown
| Number of holdings | 53 |
| Herfindahl-Hirschman Index | 279 |
| Wgt avg mkt cap (mns) | $40,375 |
| Large cap (>$10bn) | 81.0% |
| Mid cap ($2-10bn) | 17.3% |
| Small cap (<$2bn) | 1.7% |
| Developed mkts. | 97.9% |
| Emerging mkts. | 2.1% |
Country Exposure
 |
UNITED STATES | 78.8 % |
 |
CANADA | 17.9 % |
 |
MEXICO | 2.0 % |
Historical Performance
Standardized Performance (as of 10/31/2024)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | Incep. | |
|---|---|---|---|---|---|---|---|
| Total Returns | 14.6% | 36.0% | 13.3% | 5.7% | -- | -- | 9.2% | Volatility | -- | -- | -- | -- | -- | -- | -- |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 1.01 | 75% |
| MSCI EAFE | 1.02 | 78% |
| MSCI Emg Mkts | 0.81 | 49% |
Liquidity Measures
| Avg. volume (000) | 5 |
| Turnover | 0.9% |
| Avg. Bid/Ask (% of price) | 0.44% |
| ADV of underlying (mns) | $8,684 |
Technical Indicators
| Recent close | $16.74 |
| 30d moving avg. | $16.24 |
| Annualized volatility | 20.3% |
| Relative strength (RSI) | 51 |
| Short interest (ETF) | 6.2% |
| Short interest (underlying) | 0.0% |
Distributions
Assets Under Management (mns)
Money Flows (mns)
Short Interest (as % of shares outstanding)
Long Money Flows (mns)
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Comparable ETFs Based on Overlap
| Ticker | Fund Name | Overlap vs. IVRA |
Expenses vs. IVRA |
ALTAR Score™ vs. IVRA |
|---|---|---|---|---|
| SCHH | Schwab U.S. REIT ETF | 41.1% | -52 bp | +1.2% |
| IYR | iShares U.S. Real Estate ETF | 41.0% | -19 bp | +0.6% |
| FREL | Fidelity MSCI Real Estate Index ETF | 40.5% | -51 bp | +0.8% |
| DFAR | Dimensional US Real Estate ETF | 40.4% | -40 bp | +1.0% |
| VNQ | Vanguard Real Estate ETF | 40.3% | -47 bp | +0.8% |
| ICF | iShares Cohen & Steers REIT ETF | 40.0% | -26 bp | +0.4% |
| XLRE | Real Estate Select Sector SPDR Fund | 37.6% | -50 bp | +0.6% |
| AVRE | Avantis Real Estate ETF | 36.3% | -42 bp | +0.5% |
| DFGR | Dimensional Global Real Estate ETF | 36.1% | -37 bp | +0.9% |
| PSR | Invesco Active U.S. Real Estate Fund | 34.8% | -24 bp | +0.7% |
Risk and Returns: IVRA vs. Comps (1 YR)
Notes: Top 10 overlapping ETFs. Funds with insufficient history not shown. Some funds may overlap. Hover over data point for ticker symbol.
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Results & Estimates
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024E | 2025E | ||
|---|---|---|---|---|---|---|---|---|
| Sales per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Earnings per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Dividends per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Book value per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- |
Return on Equity
Net Margins
EPS Revision Activity (6 mo. ago = 100%)
Compound Annual Growth Rates
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Valuation Metrics
| 2023 | 2024E | Fwd Est | 2025E | |
| Price-to-sales | --x | --x | --x | --x |
| Price-to-earnings | --x | --x | --x | --x |
| Price-to-cash flow | --x | --x | --x | --x |
| Price-to-growth | --x | --x | --x | --x |
| Price-to-book value | --x | --x | --x | --x |
| Yield | --% | --% | --x | --% |
Based on closing prices from 11/22/2024
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Price-to-Earnings
Price-to-Sales
Price-to-Book Value
Price-to-Cash Flow
Price-to-Growth
Dividend Yield
Historical Valuation Trends Sample data. Subscribe for access.
SHOWING:
Price-to-Earnings
Price-to-Earnings
IVRA
Notes: Based on adjusted historical results for current fund constituents. May differ from results achieved by past fund constituents. Max P/E of 100x.
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ETF Research Center Rating
NEUTRAL
Average appreciation potential. A rating of NEUTRAL is assigned to ETFs with ALTAR Scores in the middle quintile (ranking between 40%-60%) of their category. This indicates that valuations adequately reflect the fundamentals of stocks in these funds.
ALTAR Score™
IVRA
5.3%
Cat. Avg
5.3%
ALTAR Score™ Calculation
Category Overview
There are 973 funds in the US Equity category, with an average ALTAR Score™
of 5.3% and a standard deviation of
2.4%. IVRA's ALTAR Score™ is approximately
0.0 standard deviations
below
the category average. This places IVRA in the 50th percentile among funds in the category.
Sell Side Consensus Rating
Sell-side recommendations on the ETF's individual constituents
IVRASELL
U/W
HOLD
O/W
BUY
Expense Analysis
| Peer Group | Active US Equity ETFs |
| # of ETFs | 308 |
| Avg. Expense Ratio | 67.1 bp |
| Std. Deviation | 37 bp |
| IVRA (59 bp) Percentile rank | 43 |
Peer Group Expense Ratio Distribution
Total Cost of Ownership (TCO) Comparison
| Expense (bp) (A) |
Avg. Bid/Ask (bp) (B) |
TCO (bp) (A)+(B) |
|
|---|---|---|---|
| IVRA | 59.0 | 44.0 | 103 |
| Peer Avg. | 56.8 | 23.7 | 80.5 |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .