IWV vs. PJEZX
IWV (iShares Russell 3000 ETF) and PJEZX (PGIM US Real Estate Fund) are both funds - IWV is a Large Cap Blend Equities fund tracking the Russell 3000 Index, while PJEZX is a REIT fund managed by PGIM. Over the past 10 years, IWV returned 14.84%/yr vs 9.27%/yr for PJEZX. A 0.62 correlation means they provide meaningful diversification when combined. IWV charges 0.20%/yr vs 1.00%/yr for PJEZX.
Performance
IWV vs. PJEZX - Performance Comparison
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Returns By Period
In the year-to-date period, IWV achieves a 9.30% return, which is significantly lower than PJEZX's 16.61% return. Over the past 10 years, IWV has outperformed PJEZX with an annualized return of 14.84%, while PJEZX has yielded a comparatively lower 9.27% annualized return.
IWV
- 1D
- 0.53%
- 1M
- -0.32%
- YTD
- 9.30%
- 6M
- 9.38%
- 1Y
- 25.70%
- 3Y*
- 20.32%
- 5Y*
- 12.07%
- 10Y*
- 14.84%
PJEZX
- 1D
- 0.28%
- 1M
- 1.18%
- YTD
- 16.61%
- 6M
- 16.76%
- 1Y
- 18.59%
- 3Y*
- 13.69%
- 5Y*
- 5.64%
- 10Y*
- 9.27%
IWV vs. PJEZX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
IWV iShares Russell 3000 ETF | 9.30% | 16.96% | 23.49% | 25.82% | -19.28% | 25.54% | 20.55% | 30.66% | -5.43% | 20.97% |
PJEZX PGIM US Real Estate Fund | 16.61% | 2.49% | 13.08% | 15.85% | -27.26% | 48.32% | -4.86% | 44.30% | -3.54% | 5.60% |
Correlation
The correlation between IWV and PJEZX is 0.33, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.33 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.51 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.61 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.58 |
Correlation (All Time) Calculated using the full available price history since Dec 21, 2010 | 0.62 |
Over the past year, the correlation between IWV and PJEZX has dropped to 0.33 - well below their long-term average of 0.62, suggesting their price drivers have been diverging.
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Return for Risk
IWV vs. PJEZX — Risk / Return Rank
IWV
PJEZX
IWV vs. PJEZX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Russell 3000 ETF (IWV) and PGIM US Real Estate Fund (PJEZX). 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.
| IWV | PJEZX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.61 | ||
| Sortino ratioReturn per unit of downside risk | +0.80 | ||
| Omega ratioGain probability vs. loss probability | 1.35 | 1.23 | +0.12 |
| Calmar ratioReturn relative to maximum drawdown | 2.74 | 2.48 | +0.26 |
| Martin ratioReturn relative to average drawdown | 12.28 | 7.29 | +5.00 |
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Drawdowns
IWV vs. PJEZX - Drawdown Comparison
The maximum IWV drawdown since its inception was -55.61%, which is greater than PJEZX's maximum drawdown of -43.43%. Use the drawdown chart below to compare losses from any high point for IWV and PJEZX.
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Drawdown Indicators
| IWV | PJEZX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -55.61% | -43.43% | -12.18% |
Max Drawdown (1Y)Largest decline over 1 year | -8.89% | -7.32% | -1.57% |
Max Drawdown (3Y)Largest decline over 3 years | -19.28% | -19.19% | -0.09% |
Max Drawdown (5Y)Largest decline over 5 years | -25.11% | -34.60% | +9.49% |
Max Drawdown (10Y)Largest decline over 10 years | -35.22% | -43.43% | +8.21% |
Current DrawdownCurrent decline from peak | -2.09% | -0.39% | -1.70% |
Average DrawdownAverage peak-to-trough decline | -10.58% | -8.10% | -2.48% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.98% | 2.48% | -0.50% |
Volatility
IWV vs. PJEZX - Volatility Comparison
iShares Russell 3000 ETF (IWV) and PGIM US Real Estate Fund (PJEZX) have volatilities of 4.44% and 4.66%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IWV | PJEZX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.44% | 4.66% | -0.22% |
Volatility (6M)Calculated over the trailing 6-month period | 9.75% | 9.97% | -0.22% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.57% | 13.74% | -1.17% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.30% | 18.92% | -1.62% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.43% | 21.16% | -2.73% |
IWV vs. PJEZX - Expense Ratio Comparison
IWV has a 0.20% expense ratio, which is lower than PJEZX's 1.00% expense ratio.
Dividends
IWV vs. PJEZX - Dividend Comparison
IWV's dividend yield for the trailing twelve months is around 0.87%, less than PJEZX's 1.79% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IWV iShares Russell 3000 ETF | 0.87% | 0.96% | 1.08% | 1.30% | 1.56% | 1.04% | 1.30% | 1.69% | 1.97% | 1.58% | 1.79% | 1.99% |
PJEZX PGIM US Real Estate Fund | 1.79% | 2.05% | 1.93% | 1.65% | 3.21% | 9.54% | 1.56% | 13.21% | 5.43% | 6.31% | 15.48% | 9.39% |
Frequently Asked Questions
IWV and PJEZX have a correlation of 0.33, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
PJEZX has higher volatility (4.66%) compared to IWV (4.44%). In terms of maximum drawdown, IWV dropped -55.61% vs PJEZX's -43.43%.
IWV currently has the higher Sharpe Ratio (1.94 vs 1.32), 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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