IRSAX vs. PRRSX
IRSAX (Delaware Ivy Securian Real Estate Securities Fund) and PRRSX (PIMCO Variable Insurance Trust Real Estate Real Return Strategy Fund) are both REIT funds. Over the past 10 years, IRSAX returned 7.55%/yr vs 6.58%/yr for PRRSX. Their correlation of 0.94 suggests significant overlap in exposure. IRSAX charges 1.20%/yr vs 0.79%/yr for PRRSX.
Performance
IRSAX vs. PRRSX - Performance Comparison
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Returns By Period
The year-to-date returns for both investments are quite close, with IRSAX having a 11.86% return and PRRSX slightly higher at 12.29%. Over the past 10 years, IRSAX has outperformed PRRSX with an annualized return of 7.55%, while PRRSX has yielded a comparatively lower 6.58% annualized return.
IRSAX
- 1D
- 0.35%
- 1M
- -1.11%
- YTD
- 11.86%
- 6M
- 11.88%
- 1Y
- 17.88%
- 3Y*
- 16.90%
- 5Y*
- 7.27%
- 10Y*
- 7.55%
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%
IRSAX vs. PRRSX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
IRSAX Delaware Ivy Securian Real Estate Securities Fund | 11.86% | 7.28% | 23.62% | 9.53% | -25.47% | 43.57% | -3.51% | 24.13% | -5.69% | 5.29% |
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 IRSAX and PRRSX is 0.96 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.96 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.96 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.96 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.97 |
Correlation (All Time) Calculated using the full available price history since Nov 3, 2003 | 0.94 |
The correlation between IRSAX and PRRSX has been stable across timeframes, ranging from 0.94 to 0.97 - a consistent structural relationship.
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Return for Risk
IRSAX vs. PRRSX — Risk / Return Rank
IRSAX
PRRSX
IRSAX vs. PRRSX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Delaware Ivy Securian Real Estate Securities Fund (IRSAX) 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.
| IRSAX | PRRSX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.24 | ||
| Sortino ratioReturn per unit of downside risk | +0.30 | ||
| Omega ratioGain probability vs. loss probability | 1.23 | 1.19 | +0.04 |
| Calmar ratioReturn relative to maximum drawdown | 2.15 | 1.73 | +0.42 |
| Martin ratioReturn relative to average drawdown | 7.99 | 5.95 | +2.04 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| IRSAX | PRRSX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.34 | 1.10 | +0.24 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.26 | 0.19 | +0.07 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.30 | 0.30 | -0.01 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.31 | 0.35 | -0.04 |
Drawdowns
IRSAX vs. PRRSX - Drawdown Comparison
The maximum IRSAX drawdown since its inception was -72.03%, smaller than the maximum PRRSX drawdown of -77.82%. Use the drawdown chart below to compare losses from any high point for IRSAX and PRRSX.
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Drawdown Indicators
| IRSAX | PRRSX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -72.03% | -77.82% | +5.79% |
Max Drawdown (1Y)Largest decline over 1 year | -8.04% | -9.05% | +1.01% |
Max Drawdown (3Y)Largest decline over 3 years | -16.26% | -17.77% | +1.51% |
Max Drawdown (5Y)Largest decline over 5 years | -37.56% | -37.14% | -0.42% |
Max Drawdown (10Y)Largest decline over 10 years | -40.71% | -45.75% | +5.04% |
Current DrawdownCurrent decline from peak | -3.39% | -3.11% | -0.28% |
Average DrawdownAverage peak-to-trough decline | -13.24% | -13.09% | -0.15% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.16% | 2.62% | -0.46% |
Volatility
IRSAX vs. PRRSX - Volatility Comparison
The current volatility for Delaware Ivy Securian Real Estate Securities Fund (IRSAX) is 3.83%, while PIMCO Variable Insurance Trust Real Estate Real Return Strategy Fund (PRRSX) has a volatility of 4.33%. This indicates that IRSAX 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.
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Volatility by Period
| IRSAX | PRRSX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.83% | 4.33% | -0.50% |
Volatility (6M)Calculated over the trailing 6-month period | 9.46% | 10.18% | -0.72% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.91% | 14.26% | -1.35% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 28.57% | 20.20% | +8.37% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 25.61% | 21.87% | +3.74% |
IRSAX vs. PRRSX - Expense Ratio Comparison
IRSAX has a 1.20% expense ratio, which is higher than PRRSX's 0.79% expense ratio.
Dividends
IRSAX vs. PRRSX - Dividend Comparison
IRSAX's dividend yield for the trailing twelve months is around 22.17%, more than PRRSX's 0.79% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IRSAX Delaware Ivy Securian Real Estate Securities Fund | 22.17% | 24.77% | 29.95% | 9.61% | 34.76% | 13.03% | 1.81% | 9.69% | 7.51% | 12.71% | 10.34% | 5.88% |
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
With a correlation of 0.96, IRSAX and PRRSX move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
PRRSX has higher volatility (4.33%) compared to IRSAX (3.83%). In terms of maximum drawdown, IRSAX dropped -72.03% vs PRRSX's -77.82%.
IRSAX currently has the higher Sharpe Ratio (1.34 vs 1.10), 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.
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