Invesco Active U.S. Real Estate Fund (PSR) Performance
PSR total return
Distributions reinvested · as of Oct 23, 2026- YTD
- +12.7% since Dec 31, 2025
- 1 year
- +9.5% total return
- 5 years
- +0.8% a year
- 10 years
- +5.4% a year
- Since first price
- +11.8% a year since 2008
PSR trailing returns vs SPY, QQQ, AGG
| Period | PSR total return | Price only | S&P 500 (SPY) | Nasdaq-100 (QQQ) | U.S. bonds (AGG) |
|---|---|---|---|---|---|
| 1 month | +1.7% | +1.7% | −1.0% | −5.0% | +0.9% |
| 3 months | −5.2% | −5.8% | +3.2% | +1.9% | −0.4% |
| 6 months | +1.1% | −0.3% | +7.8% | +8.4% | −1.5% |
| YTD | +12.7% | +10.3% | +12.3% | +15.1% | −1.0% |
| 1 year | +9.5% | +6.4% | +14.4% | +15.9% | −1.1% |
| 3 years | +44.8%+13.1%/yr | +32.9% | +87.4%+23.3%/yr | +101.4%+26.3%/yr | +16.6%+5.2%/yr |
| 5 years | +4.3%+0.8%/yr | −9.5% | +79.3%+12.4%/yr | +94.0%+14.2%/yr | −0.8%−0.2%/yr |
| 10 years | +69.7%+5.4%/yr | +29.4% | +315.9%+15.3%/yr | +538.9%+20.4%/yr | +14.0%+1.3%/yr |
| 15 years | +199.9%+7.6%/yr | +109.4% | +696.0%+14.8%/yr | +1,299.3%+19.2%/yr | +32.2%+1.9%/yr |
| Since inceptionNov 21, 2008 | +641.4%+11.8%/yr | +389.0% | — | — | — |
Total return from adjusted closes (distributions reinvested, before tax). Periods of 3 years or more are also shown annualized. Price only excludes distributions.
Growth of $10,000: PSR vs SPY
From Nov 21, 2008: PSR grew to $74,142, SPY to $132,417.
Year-end values with distributions reinvested, no taxes or trading costs. Start: first common trading day of both funds.
PSR returns by calendar year
13 of 17 full years positive. Best 2021 (+41.7%), worst 2022 (−25.5%). 2026 is year to date.
PSR annual returns table
| Year | PSR | Largest drop | SPY | QQQ | AGG |
|---|---|---|---|---|---|
| 2026YTD | +12.7% | −11.2% | +12.3% | +15.1% | −1.0% |
| 2025 | +2.6% | −14.0% | +17.7% | +20.8% | +7.2% |
| 2024 | +1.8% | −12.7% | +24.9% | +25.6% | +1.3% |
| 2023 | +8.4% | −22.8% | +26.2% | +54.9% | +5.7% |
| 2022 | −25.5% | −31.3% | −18.2% | −32.6% | −13.0% |
| 2021 | +41.7% | −8.2% | +28.7% | +27.4% | −1.8% |
| 2020 | −6.0% | −42.3% | +18.3% | +48.6% | +7.5% |
| 2019 | +28.8% | −5.6% | +31.2% | +39.0% | +8.5% |
| 2018 | −4.6% | −12.3% | −4.6% | −0.1% | +0.1% |
| 2017 | +12.0% | −5.1% | +21.7% | +32.7% | +3.6% |
| 2016 | +4.5% | −14.3% | +12.0% | +7.1% | +2.4% |
| 2015 | −0.2% | −16.4% | +1.2% | +9.4% | +0.5% |
| 2014 | +32.8% | −7.4% | +13.5% | +19.2% | +6.0% |
| 2013 | +1.5% | −18.7% | +32.3% | +36.6% | −2.0% |
| 2012 | +15.0% | −9.1% | +16.0% | +18.1% | +3.8% |
| 2011 | +11.0% | −21.5% | +1.9% | +3.4% | +7.7% |
| 2010 | +25.2% | −16.6% | +15.1% | +19.9% | +6.4% |
| 2009 | +30.9% | −36.9% | +26.4% | +54.7% | +3.0% |
Largest drop = deepest fall from a high within that calendar year.
Calendar-year return vs largest drop within the year
Most years include a sizable fall at some point even when the year ends higher.
PSR largest drawdowns
Now 7.4% below the high| Peak | Decline | Bottom | Recovered | Fall | Underwater |
|---|---|---|---|---|---|
| Feb 14, 2020 | −42.3% | Mar 23, 2020 | Apr 20, 2021 | 38 days | 1.2 years |
| Dec 19, 2008 | −38.0% | Mar 4, 2009 | Aug 4, 2009 | 2 months | 7 months |
| Dec 31, 2021 | −34.8% | Oct 25, 2023 | Jul 16, 2026 | 1.8 years | 4.5 years |
| Jul 22, 2011 | −21.5% | Aug 8, 2011 | Jan 26, 2012 | 17 days | 6 months |
| May 21, 2013 | −18.7% | Aug 19, 2013 | Jun 5, 2014 | 3 months | 1.0 years |
| Jan 27, 2015 | −17.9% | Feb 11, 2016 | May 9, 2016 | 1.0 years | 1.3 years |
Declines from a closing high (distributions reinvested) of 10% or more. Underwater = time from the peak until the old high was regained.
PSR risk statistics
| Statistic | 3 years | 5 years | 10 years | Since 2008 |
|---|---|---|---|---|
| Annualized return | +10.0% | +1.5% | +4.7% | +11.7% |
| Volatility (annualized) | 16.5% | 19.1% | 17.3% | 21.5% |
| Sharpe ratio | 0.39 | -0.02 | 0.22 | 0.56 |
| Sortino ratio | 0.63 | -0.02 | 0.32 | 1.03 |
| Best month | +11.4% | +11.4% | +11.4% | +44.8% |
| Worst month | −8.4% | −12.2% | −19.3% | −19.3% |
| Best 12 months | +28.6% | +28.6% | +45.2% | +103.6% |
| Worst 12 months | −3.5% | −25.5% | −25.5% | −25.5% |
| Positive months | 61% | 52% | 60% | 58% |
| Beta vs S&P 500 | 0.81 | 0.93 | 0.85 | — |
| Correlation with S&P 500 | 0.61 | 0.77 | 0.75 | — |
From monthly total returns. Sharpe and Sortino use 1–3 month T-bills (BIL) as the risk-free rate, so they need history from 2007 on.
PSR rolling returns
| Holding period | Periods | Worst | Median | Best | Positive |
|---|---|---|---|---|---|
| 1-year | 204 | −25.5% | +9.4% | +103.6% | 79% |
| 3-year (a year) | 180 | −6.3% | +8.8% | +41.4% | 90% |
| 5-year (a year) | 156 | +0.8% | +8.1% | +27.0% | 100% |
| 10-year (a year) | 96 | +4.2% | +7.4% | +18.1% | 100% |
Every holding period starting at a month-end since 2008. Returns for 3 years and longer are annualized.
PSR performance overview
Invesco Active U.S. Real Estate Fund (PSR) returned +9.5% over the past year and +5.4% a year over ten years, with distributions reinvested. Since its first recorded price in 2008 it has returned +11.8% a year, turning $10,000 into about $74,142. Over the same year S&P 500 (SPY) returned +14.4%.
The deepest decline was −42.3%, from Feb 14, 2020 to Mar 23, 2020, and it took 1.1 years to get back to the old high. PSR finished 13 of its 17 full calendar years with a gain; the best year was 2021 (+41.7%) and the worst 2022 (−25.5%). Volatility has been 21.5% a year.
Related: PSR chart, PSR holdings, PSR dividends, PSR valuation. See the PSR overview for the latest quote and fund facts.
PSR performance FAQ
What is the PSR return over the past year?
PSR returned +9.5% over the 12 months to October 23, 2026, including reinvested distributions. On price alone it rose 6.4%.
What is the average annual return of PSR?
PSR has returned +0.8% a year over 5 years, +5.4% a year over 10 years, +11.8% a year since November 21, 2008 (total return, distributions reinvested).
How much would $10,000 invested in PSR be worth?
$10,000 invested in PSR at its first recorded close on November 21, 2008 would be worth about $74,142 on October 23, 2026 with distributions reinvested.
What was the worst year for PSR?
The worst calendar year was 2022, with a total return of −25.5%. The best was 2021 at +41.7%.
What is the biggest drawdown of PSR?
The largest peak-to-trough decline was −42.3% between February 14, 2020 and March 23, 2020. It recovered to the old high on April 20, 2021, 1.1 years after the bottom.
How volatile is PSR?
Over the past 3 years PSR had an annualized volatility of 16.5% and a Sharpe ratio of 0.39 (excess return over 1–3 month T-bills per unit of risk).