AWP vs INVH: Correlation
abrdn Global Premier Properties Fund (AWP) and Invitation Homes (INVH) show a strong relationship: their 3-year correlation of weekly returns is 0.63.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AWP and INVH?
On 3 years of weekly data the AWP/INVH correlation comes out at 0.63, strong. The link has loosened recently: the 1-year correlation (0.39) runs below the 3-year figure (0.63). The 5-year figure is 0.67, and annualized covariance runs at 304.5 %².
By 3-year correlation, INVH places #10 of the 16 assets tracked against AWP. On 12-month performance AWP holds a 12.0-point edge, +10.1% against -1.9%.
How is this computed?
Pearson correlation on weekly returns: ρ(A,B) = cov(rA, rB) / (σA · σB), over windows of 52, 156 and 260 weeks. Covariance is annualized (×52) and expressed in %². Full definitions on the methodology page.
AWP vs INVH: side by side
| AWP (abrdn Global Premier Properties Fund) | INVH (Invitation Homes) | |
|---|---|---|
| 1-year return | +10.1% | -1.9% |
| 5-year return | +2.9% | -16.8% |
| Volatility (ann.) | 23.0% | 21.2% |
| Beta vs S&P 500 | 0.73 | 0.50 |
| Max drawdown (3Y) | -23.1% | -30.9% |
| Market cap | $0.4B | $17.4B |
| P/E (trailing) | 6.6 | 27.3 |
| Dividend yield | 12.21% | 3.98% |
| Sector / category | US Listed | Real Estate |
Year-by-year returns
| Year | AWP | INVH |
|---|---|---|
| 2022 | -37.1% | -33.0% |
| 2023 | +12.6% | +19.7% |
| 2024 | +12.2% | -3.1% |
| 2025 | +12.4% | -9.7% |
| 2026 | +10.1% | +7.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AWP and INVH good diversifiers for each other?
Somewhat, no more. With 0.63 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between AWP and INVH?
As of 2026-08-27, the correlation of weekly returns between AWP and INVH is 0.63 over 3 years, 0.39 over 1 year and 0.67 over 5 years.
Is INVH a good diversifier for AWP?
Somewhat, no more. With 0.63 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.63 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/awp-vs-invh.json
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Related comparisons
Hubs: AWP correlations · INVH correlations
