IRFIX vs. PRRSX

Last updated Jun 4, 2026

IRFIX (Cohen & Steers International Realty Fund) and PRRSX (PIMCO Variable Insurance Trust Real Estate Real Return Strategy Fund) are both REIT funds. Over the past 10 years, IRFIX returned 2.61%/yr vs 6.58%/yr for PRRSX. A 0.51 correlation means they provide meaningful diversification when combined. IRFIX charges 1.00%/yr vs 0.79%/yr for PRRSX.

Performance

IRFIX vs. PRRSX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Cohen & Steers International Realty Fund (IRFIX) and PIMCO Variable Insurance Trust Real Estate Real Return Strategy Fund (PRRSX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, IRFIX achieves a -0.55% return, which is significantly lower than PRRSX's 12.29% return. Over the past 10 years, IRFIX has underperformed PRRSX with an annualized return of 2.61%, while PRRSX has yielded a comparatively higher 6.58% annualized return.

IRFIX

• 1D: -0.22%
• 1M: -3.71%
• YTD: -0.55%
• 6M: 0.95%
• 1Y: 7.06%
• 3Y*: 5.34%
• 5Y*: -3.15%
• 10Y*: 2.61%

PRRSX

• 1D: 0.57%
• 1M: -0.89%
• YTD: 12.29%
• 6M: 10.24%
• 1Y: 16.29%
• 3Y*: 11.03%
• 5Y*: 3.76%
• 10Y*: 6.58%

*Multi-year figures are annualized to reflect compound growth (CAGR)

IRFIX vs. PRRSX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
IRFIX Cohen & Steers International Realty Fund	-0.55%	23.52%	-10.56%	4.58%	-23.84%	7.66%	-0.81%	23.74%	-3.74%	23.38%
PRRSX PIMCO Variable Insurance Trust Real Estate Real Return Strategy Fund	12.29%	5.21%	5.11%	12.30%	-29.37%	53.74%	-3.80%	29.61%	-6.42%	4.32%

Correlation

The correlation between IRFIX and PRRSX is 0.51, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.51
Correlation (3Y) Calculated over the trailing 3-year period	0.54
Correlation (5Y) Calculated over the trailing 5-year period	0.57
Correlation (10Y) Calculated over the trailing 10-year period	0.51
Correlation (All Time) Calculated using the full available price history since Apr 1, 2005	0.51

The correlation between IRFIX and PRRSX has been stable across timeframes, ranging from 0.51 to 0.57 - a consistent structural relationship.

Return for Risk

IRFIX vs. PRRSX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

IRFIX

IRFIX Risk / Return Rank: 6
IRFIX Sharpe Ratio Rank: 6
IRFIX Sortino Ratio Rank: 6
IRFIX Omega Ratio Rank: 6
IRFIX Calmar Ratio Rank: 5
IRFIX Martin Ratio Rank: 5

PRRSX

PRRSX Risk / Return Rank: 18
PRRSX Sharpe Ratio Rank: 15
PRRSX Sortino Ratio Rank: 14
PRRSX Omega Ratio Rank: 14
PRRSX Calmar Ratio Rank: 22
PRRSX Martin Ratio Rank: 24

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

IRFIX vs. PRRSX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Cohen & Steers International Realty Fund (IRFIX) and PIMCO Variable Insurance Trust Real Estate Real Return Strategy Fund (PRRSX). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

	IRFIX	PRRSX	Difference
Sharpe ratio: Return per unit of total volatility	0.50	1.10	-0.59
Sortino ratio: Return per unit of downside risk	0.83	1.53	-0.71
Omega ratio: Gain probability vs. loss probability	1.10	1.19	-0.10
Calmar ratio: Return relative to maximum drawdown	0.44	1.73	-1.29
Martin ratio: Return relative to average drawdown	1.38	5.95	-4.57
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

IRFIX vs. PRRSX - Sharpe Ratio Comparison

The current IRFIX Sharpe Ratio is 0.50, which is lower than the PRRSX Sharpe Ratio of 1.10. The chart below compares the historical Sharpe Ratios of IRFIX and PRRSX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	IRFIX	PRRSX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.50	1.10	-0.59
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.21	0.19	-0.39
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.17	0.30	-0.13
Sharpe Ratio (All Time) Calculated using the full available price history	0.19	0.35	-0.16

Drawdowns

IRFIX vs. PRRSX - Drawdown Comparison

The maximum IRFIX drawdown since its inception was -70.13%, smaller than the maximum PRRSX drawdown of -77.82%. Use the drawdown chart below to compare losses from any high point for IRFIX and PRRSX.

Drawdown Indicators

	IRFIX	PRRSX	Difference
Max Drawdown Largest peak-to-trough decline	-70.13%	-77.82%	+7.69%
Max Drawdown (1Y) Largest decline over 1 year	-14.85%	-9.05%	-5.80%
Max Drawdown (3Y) Largest decline over 3 years	-21.06%	-17.77%	-3.29%
Max Drawdown (5Y) Largest decline over 5 years	-38.41%	-37.14%	-1.27%
Max Drawdown (10Y) Largest decline over 10 years	-39.51%	-45.75%	+6.24%
Current Drawdown Current decline from peak	-17.16%	-3.11%	-14.05%
Average Drawdown Average peak-to-trough decline	-18.66%	-13.09%	-5.57%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.71%	2.62%	+2.09%

Volatility

IRFIX vs. PRRSX - Volatility Comparison

The current volatility for Cohen & Steers International Realty Fund (IRFIX) is 3.87%, while PIMCO Variable Insurance Trust Real Estate Real Return Strategy Fund (PRRSX) has a volatility of 4.33%. This indicates that IRFIX experiences smaller price fluctuations and is considered to be less risky than PRRSX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	IRFIX	PRRSX	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.87%	4.33%	-0.46%
Volatility (6M) Calculated over the trailing 6-month period	10.74%	10.18%	+0.56%
Volatility (1Y) Calculated over the trailing 1-year period	12.95%	14.26%	-1.31%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.32%	20.20%	-4.88%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.68%	21.87%	-6.19%

IRFIX vs. PRRSX - Expense Ratio Comparison

IRFIX has a 1.00% expense ratio, which is higher than PRRSX's 0.79% expense ratio.

Dividends

IRFIX vs. PRRSX - Dividend Comparison

IRFIX's dividend yield for the trailing twelve months is around 6.20%, more than PRRSX's 0.79% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
IRFIX Cohen & Steers International Realty Fund	6.20%	6.17%	3.24%	2.62%	2.62%	7.70%	3.40%	9.81%	4.19%	3.37%	6.46%	3.36%
PRRSX PIMCO Variable Insurance Trust Real Estate Real Return Strategy Fund	0.79%	2.19%	0.61%	0.00%	18.62%	34.01%	7.21%	7.99%	0.81%	1.67%	0.66%	8.38%

Frequently Asked Questions

Can I hold both IRFIX and PRRSX in my portfolio?

IRFIX and PRRSX have a correlation of 0.51, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, IRFIX or PRRSX?

PRRSX has higher volatility (4.33%) compared to IRFIX (3.87%). In terms of maximum drawdown, IRFIX dropped -70.13% vs PRRSX's -77.82%.

Which has better risk-adjusted returns?

PRRSX currently has the higher Sharpe Ratio (1.10 vs 0.50), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.