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LPRE vs PSR

Long Pond Real Estate Select ETF

LPREDNYSE Arca

Invesco Active U.S. Real Estate ETF

PSRANYSE Arca

Overlap

Expense ratio

PSR −0.65pt a year

LPRE1.00%PSR0.35%

Avg volume · 30D

LPRE 16.9×the volume

LPRE24.6KPSR1.45K

LPRE vs PSR Performance

Oct 31, 2025 – Oct 30, 2026

+13.1%LPRE+13.9%PSR

Oct 31, 2025 to Oct 30, 2026. LPRE +13.1%. PSR +13.9%. Use the arrow keys to read each point.0%5%20%Oct 2025Apr 2026Oct 2026
Expense ratio
LPRE 1.00%
PSR 0.35%, better
Fund size
LPRE $182M
PSR $57M
1Y total return
LPRE +13.1%
PSR +13.9%, better
Yield (12M)
LPRE 1.81%
PSR 2.70%, better
Holdings
LPRE 26
PSR 37
Avg volume (30D)
LPRE 24.6K sh, better
PSR 1.45K sh
NAV per share
LPRE $28.21
PSR $100.85
52W range

ETF.net Grade

LPRE: Cost 9, Risk 60, Mission not scored, Tradability 50, Holdings 54, Durability 52. PSR: Cost 85, Risk 56, Mission not scored, Tradability 58, Holdings 66, Durability 75.
Pillar letters and Scores for LPRE, PSR, with each pillar’s weight
PillarLPREPSR
Cost30% weightF9A85Higher
Mission25% weightNot scoredNot scored
Risk15% weightB60HigherB56
Tradability15% weightC50B58Higher
Holdings10% weightC54B66Higher
Durability5% weightC52A75Higher

Rank among US Active Sector funds

How we build Categories ›
Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

Same Category. LPRE and PSR are both graded against the same 35 US Active Sector funds, so their Grades compare head to head.

US Active Sector⁠

Category · 35 funds
See all 35 ›

PSR ranks 2nd and LPRE 30th of 35 funds in the US Active Sector Category.

  1. Rank 1AAVREAvantis Real Estate ETFScore 77
  2. Rank 2APSRInvesco Active U.S. Real Estate ETFScore 70
  3. Rank 2BTMEDT. Rowe Price Health Care ETFScore 70
  4. Rank 29DMEDIHarbor Health Care ETF (MEDI)Score 37
  5. Rank 30DLPRELong Pond Real Estate Select ETFScore 36
  6. Rank 30DTNGYTortoise Energy FundScore 36

Our read on each fund

ETF.net Research

LPREDLong Pond Real Estate Select ETF

PSRAInvesco Active U.S. Real Estate ETF

In short

LPRE A real estate specialist's stock picking, packaged as an ETF. Launched in 2025, it chases total return from property equities instead of tracking a REIT index, and it charges specialist prices for the privilege.

PSR Active REIT stock-picking without the active price tag: since 2008, PSR has run a tight book of about 30 US property names for 0.35% a year, roughly half the median fee among active US equity ETFs.

Stated mandate

LPRE The Fund seeks total return through capital appreciation.

PSR The Fund seeks high total return through capital appreciation and current income, investing principally in equity real estate investment trusts.

Why people hold it

  • LPRE Run as an active mandate, not an index sleeve: a real estate house choosing the names rather than owning the property sector at market weight.
  • Plain wrapper, plain goal: a standard 1940 Act ETF seeking total return through capital appreciation, with a quarterly distribution cadence.
  • Concentrated property exposure. Cohort leaders like DFAU and DFAC are broad US core funds that hold real estate only at index weight; here it is the whole portfolio.
  • PSR 0.35% a year against a 0.65% median for active US equity ETFs. Active management without the usual active-management markup.
  • Running since 2008, across multiple rate regimes and property cycles, and it sits in the upper half of its active US equity peer group.
  • Concentrated by design: about 30 equity REITs, so each holding carries real weight instead of being diluted across the entire property market.invesco.com
  • The mandate targets capital appreciation plus current income from equity REITs, and the fund distributes quarterly.invesco.com

Worth knowing

  • LPRE Costs 1.00% a year against a cohort median near 0.65%. That is boutique-active pricing, and it is a hurdle the manager has to clear every year.
  • Thinly traded compared with the cohort's household names, which can mean wider bid-ask spreads on the way in and out.
  • Launched in 2025 and pinned to one rate-sensitive sector: short history to judge, and far less diversification than a broad core equity fund.
  • PSR Thinly traded. Spreads can widen and larger orders can move the price more than they would in a heavily traded index fund.
  • One sector, one economy: US property. When rates jolt REITs, the portfolio has no other sector to lean on.
  • Assets stay modest next to the giant index REIT funds, and smaller ETFs generally face a higher bar to stay open over the long haul.

Full LPRE profile⁠

Full PSR profile⁠

LPRE vs PSR Holdings

How we measure overlap

Each holding counts at its smaller weight in the two funds, summed over the full Holdings. Sector, country and asset class use the same rule on each fund’s split. Cash, FX and derivative lines stay out of the counts. Two bond funds get no overlap figure.

LPRE vs PSR Cost

Overpaying LPRE vs PSR

$11,562

On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.

  • LPRE 1.00%

    $18,688

  • PSR 0.35%

    $7,126

$10,000
30 years

Cost over time

  • LPRE 1.00%
  • PSR 0.35%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$5K$10K$15K$20K051015202530LPRE $18,688PSR $7,126

Year by year

YearLPREPSROverpaying
10$1,763$634$1,129
20$6,625$2,454$4,171
30$18,688$7,126$11,562

Expense ratio

  • 1.00%LPRE
  • 0.35%PSR, cheaper
  • Middle half of US Active Sector funds
  • Median 0.61%

PSR 6th cheapest of 35 funds

LPRE 33rd cheapest of 35 funds

LPRE vs PSR Dividends

Last 12 months to Oct 30, 2026
Yield (12M)
LPRE 1.81%
PSR 2.70%, better
Payout (12M)
LPRE $0.51
PSR $2.72
Last payment
LPRE $0.03
PSR $0.67
Ex-dividend
LPRE Sep 28, 2026
PSR Sep 21, 2026
Paid on
LPRE Sep 30, 2026
PSR Sep 25, 2026
Frequency
LPRE Quarterly
PSR Quarterly

Distribution history

Per share, 2017 to 2026, same scale for both

LPREQuarterly · 6 paymentsAll LPRE payments⁠
One bar per payment. 6 payments from 2017 to 2026 YTD. Jun 26, 2025 $0.08; Sep 29, 2025 $0.02; Dec 30, 2025 $0.15; Mar 27, 2026 $0.09; Jun 26, 2026 $0.24; Sep 28, 2026 $0.03. Use the arrow keys to read each point.$0$0.502017202020232026YTD
PSRQuarterly · 36 paymentsAll PSR payments⁠
One bar per payment. 36 payments from 2017 to 2026 YTD. Dec 18, 2017 $0.11; Mar 19, 2018 $0.30; Jun 18, 2018 $0.44; Sep 24, 2018 $0.57; Dec 24, 2018 $0.70; Mar 18, 2019 $0.16; Jun 24, 2019 $0.75; Sep 23, 2019 $0.76; Dec 23, 2019 $0.76; Mar 23, 2020 $0.70; Jun 22, 2020 $0.64; Sep 21, 2020 $0.64; Dec 21, 2020 $0.70; Mar 22, 2021 $0.60; Jun 21, 2021 $0.69; Sep 20, 2021 $0.61; Dec 20, 2021 $0.65; Mar 21, 2022 $0.63; Jun 21, 2022 $0.68; Sep 19, 2022 $0.63; Dec 19, 2022 $0.63; Mar 20, 2023 $0.65; Jun 20, 2023 $0.65; Sep 18, 2023 $0.69; Dec 18, 2023 $0.69; Mar 18, 2024 $0.69; Jun 24, 2024 $0.70; Sep 23, 2024 $0.69; Dec 23, 2024 $0.69; Mar 24, 2025 $0.56; Jun 23, 2025 $0.58; Sep 22, 2025 $0.59; Dec 22, 2025 $0.59; Mar 23, 2026 $0.67; Jun 22, 2026 $0.78; Sep 21, 2026 $0.67. Use the arrow keys to read each point.$0$0.502017202020232026YTD

LPRE vs PSR Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years
LPRE 15.1%since May 2025PSR 16.5%
Return per unit of riskSharpe ratio, 3 years
LPRE 0.63since May 2025PSR 0.54
Worst fallMax drawdown, 5 years
LPRE −12.8%since Apr 2025PSR −34.8%
Market sensitivityBeta, 5 years
LPRE 0.65PSR 0.95

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