IVRSX vs. PURZX
IVRSX (VY CBRE Real Estate Portfolio) and PURZX (PGIM Global Real Estate Fund) are both REIT funds. Over the past 10 years, IVRSX returned 5.41%/yr vs 4.49%/yr for PURZX. Their correlation of 0.89 suggests significant overlap in exposure. Both charge a 0.93% expense ratio.
Performance
IVRSX vs. PURZX - Performance Comparison
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Returns By Period
In the year-to-date period, IVRSX achieves a 15.96% return, which is significantly higher than PURZX's 10.30% return. Over the past 10 years, IVRSX has outperformed PURZX with an annualized return of 5.41%, while PURZX has yielded a comparatively lower 4.49% annualized return.
IVRSX
- 1D
- 1.28%
- 1M
- 0.54%
- YTD
- 15.96%
- 6M
- 16.29%
- 1Y
- 15.63%
- 3Y*
- 11.12%
- 5Y*
- 3.88%
- 10Y*
- 5.41%
PURZX
- 1D
- 0.81%
- 1M
- -0.53%
- YTD
- 10.30%
- 6M
- 10.40%
- 1Y
- 12.60%
- 3Y*
- 11.84%
- 5Y*
- 2.14%
- 10Y*
- 4.49%
IVRSX vs. PURZX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
IVRSX VY CBRE Real Estate Portfolio | 15.96% | -0.01% | 4.32% | 14.11% | -27.22% | 51.91% | -6.66% | 28.15% | -10.29% | 5.20% |
PURZX PGIM Global Real Estate Fund | 10.30% | 9.22% | 3.64% | 11.24% | -26.73% | 27.91% | -4.39% | 20.60% | -5.32% | 10.36% |
Correlation
The correlation between IVRSX and PURZX is 0.84, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.84 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.86 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.90 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.90 |
Correlation (All Time) Calculated using the full available price history since May 6, 1998 | 0.89 |
The correlation between IVRSX and PURZX has been stable across timeframes, ranging from 0.84 to 0.90 - a consistent structural relationship.
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Return for Risk
IVRSX vs. PURZX — Risk / Return Rank
IVRSX
PURZX
IVRSX vs. PURZX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for VY CBRE Real Estate Portfolio (IVRSX) and PGIM Global Real Estate Fund (PURZX). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| IVRSX | PURZX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.19 | ||
| Sortino ratioReturn per unit of downside risk | +0.23 | ||
| Omega ratioGain probability vs. loss probability | 1.23 | 1.21 | +0.02 |
| Calmar ratioReturn relative to maximum drawdown | 2.42 | 1.39 | +1.03 |
| Martin ratioReturn relative to average drawdown | 7.47 | 5.04 | +2.43 |
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Drawdowns
IVRSX vs. PURZX - Drawdown Comparison
The maximum IVRSX drawdown since its inception was -73.77%, which is greater than PURZX's maximum drawdown of -69.49%. Use the drawdown chart below to compare losses from any high point for IVRSX and PURZX.
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Drawdown Indicators
| IVRSX | PURZX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -73.77% | -69.49% | -4.28% |
Max Drawdown (1Y)Largest decline over 1 year | -7.74% | -10.16% | +2.42% |
Max Drawdown (3Y)Largest decline over 3 years | -19.29% | -18.57% | -0.72% |
Max Drawdown (5Y)Largest decline over 5 years | -34.51% | -34.80% | +0.29% |
Max Drawdown (10Y)Largest decline over 10 years | -45.19% | -41.05% | -4.14% |
Current DrawdownCurrent decline from peak | -1.25% | -2.30% | +1.05% |
Average DrawdownAverage peak-to-trough decline | -11.91% | -11.97% | +0.06% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.44% | 2.79% | -0.35% |
Volatility
IVRSX vs. PURZX - Volatility Comparison
VY CBRE Real Estate Portfolio (IVRSX) has a higher volatility of 5.04% compared to PGIM Global Real Estate Fund (PURZX) at 4.05%. This indicates that IVRSX's price experiences larger fluctuations and is considered to be riskier than PURZX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IVRSX | PURZX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.04% | 4.05% | +0.99% |
Volatility (6M)Calculated over the trailing 6-month period | 10.21% | 9.55% | +0.66% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.18% | 12.44% | +1.74% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.67% | 16.35% | +3.32% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.58% | 17.30% | +4.28% |
IVRSX vs. PURZX - Expense Ratio Comparison
Both IVRSX and PURZX have an expense ratio of 0.93%.
Dividends
IVRSX vs. PURZX - Dividend Comparison
IVRSX's dividend yield for the trailing twelve months is around 4.24%, more than PURZX's 2.71% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IVRSX VY CBRE Real Estate Portfolio | 4.24% | 2.74% | 2.50% | 8.77% | 26.34% | 1.46% | 13.92% | 2.44% | 11.42% | 2.07% | 1.57% | 1.31% |
PURZX PGIM Global Real Estate Fund | 2.71% | 2.85% | 2.68% | 2.27% | 2.22% | 16.92% | 1.71% | 10.18% | 4.22% | 3.93% | 4.67% | 3.45% |
Frequently Asked Questions
IVRSX and PURZX have a correlation of 0.84, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
IVRSX has higher volatility (5.04%) compared to PURZX (4.05%). In terms of maximum drawdown, IVRSX dropped -73.77% vs PURZX's -69.49%.
IVRSX currently has the higher Sharpe Ratio (1.32 vs 1.14), 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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