IGR vs INVH: Correlation
CBRE Global Real Estate Income Fund (IGR) 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 IGR and INVH?
Over the past 3 years, IGR and INVH moved with a correlation of 0.63, which is strong. The past 12 months show a weaker link (0.50) than the 3-year average (0.63). Over 5 years the correlation is 0.64, and the annualized covariance of weekly returns is 351.2 %².
Among the 24 assets we track against IGR, INVH ranks #11 by 3-year correlation. Over the last 12 months IGR came out ahead by 9.7 percentage points (+7.8% 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.
IGR vs INVH: side by side
| IGR (CBRE Global Real Estate Income Fund) | INVH (Invitation Homes) | |
|---|---|---|
| 1-year return | +7.8% | -1.9% |
| 5-year return | -4.7% | -16.8% |
| Volatility (ann.) | 26.5% | 21.2% |
| Beta vs S&P 500 | 0.81 | 0.50 |
| Max drawdown (3Y) | -29.5% | -30.9% |
| Market cap | $0.7B | $17.4B |
| P/E (trailing) | 15.4 | 27.3 |
| Dividend yield | 7.73% | 3.98% |
| Sector / category | US Listed | Real Estate |
Year-by-year returns
| Year | IGR | INVH |
|---|---|---|
| 2022 | -35.5% | -33.0% |
| 2023 | +8.6% | +19.7% |
| 2024 | +1.2% | -3.1% |
| 2025 | +5.2% | -9.7% |
| 2026 | +16.8% | +7.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are IGR and INVH good diversifiers for each other?
To a limited degree. At 0.63 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
FAQ
What is the correlation between IGR and INVH?
Using weekly returns as of 2026-08-27: 0.63 over 3 years, with 0.50 over the last year and 0.64 over 5 years.
Is INVH a good diversifier for IGR?
To a limited degree. At 0.63 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
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/igr-vs-invh.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/igr-vs-invh/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: IGR correlations · INVH correlations
