PGZ vs. FEPI
PGZ (Principal Real Estate Income Fund) is a stock, while FEPI (REX FANG & Innovation Equity Premium Income ETF) is Derivative Income fund actively managed by REX. Over the past year, PGZ returned 8.31% vs 25.61% for FEPI. At a 0.25 correlation, their price movements are largely independent.
Performance
PGZ vs. FEPI - Performance Comparison
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Returns By Period
The year-to-date returns for both stocks are quite close, with PGZ having a 6.30% return and FEPI slightly lower at 6.24%.
PGZ
- 1D
- 1.73%
- 1M
- 3.53%
- YTD
- 6.30%
- 6M
- 7.58%
- 1Y
- 8.31%
- 3Y*
- 16.49%
- 5Y*
- 2.90%
- 10Y*
- 4.18%
FEPI
- 1D
- -1.34%
- 1M
- -1.69%
- YTD
- 6.24%
- 6M
- 6.00%
- 1Y
- 25.61%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
PGZ vs. FEPI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
PGZ Principal Real Estate Income Fund | 6.30% | 14.50% | 17.99% | 8.40% |
FEPI REX FANG & Innovation Equity Premium Income ETF | 6.24% | 18.33% | 15.69% | 11.75% |
Correlation
The correlation between PGZ and FEPI is 0.20, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.20 |
Correlation (All Time) Calculated using the full available price history since Oct 11, 2023 | 0.25 |
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Return for Risk
PGZ vs. FEPI — Risk / Return Rank
PGZ
FEPI
PGZ vs. FEPI - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Principal Real Estate Income Fund (PGZ) and REX FANG & Innovation Equity Premium Income ETF (FEPI). 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.
| PGZ | FEPI | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.67 | ||
| Sortino ratioReturn per unit of downside risk | -0.80 | ||
| Omega ratioGain probability vs. loss probability | 1.16 | 1.27 | -0.11 |
| Calmar ratioReturn relative to maximum drawdown | 0.85 | 1.99 | -1.14 |
| Martin ratioReturn relative to average drawdown | 3.16 | 6.43 | -3.27 |
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Drawdowns
PGZ vs. FEPI - Drawdown Comparison
The maximum PGZ drawdown since its inception was -53.58%, which is greater than FEPI's maximum drawdown of -23.56%. Use the drawdown chart below to compare losses from any high point for PGZ and FEPI.
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Drawdown Indicators
| PGZ | FEPI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -53.58% | -23.56% | -30.02% |
Max Drawdown (1Y)Largest decline over 1 year | -9.82% | -12.91% | +3.09% |
Max Drawdown (3Y)Largest decline over 3 years | -10.56% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -35.34% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -53.58% | — | — |
Current DrawdownCurrent decline from peak | -9.45% | -5.19% | -4.26% |
Average DrawdownAverage peak-to-trough decline | -16.11% | -3.52% | -12.59% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.64% | 3.99% | -1.35% |
Volatility
PGZ vs. FEPI - Volatility Comparison
The current volatility for Principal Real Estate Income Fund (PGZ) is 3.29%, while REX FANG & Innovation Equity Premium Income ETF (FEPI) has a volatility of 7.03%. This indicates that PGZ experiences smaller price fluctuations and is considered to be less risky than FEPI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PGZ | FEPI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.29% | 7.03% | -3.74% |
Volatility (6M)Calculated over the trailing 6-month period | 9.09% | 13.81% | -4.72% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.53% | 17.60% | -7.07% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.85% | 19.25% | -4.40% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.82% | 19.25% | +2.57% |
Dividends
PGZ vs. FEPI - Dividend Comparison
PGZ's dividend yield for the trailing twelve months is around 12.60%, less than FEPI's 26.08% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FEPI REX FANG & Innovation Equity Premium Income ETF | 26.08% | 25.48% | 27.18% | 4.21% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
PGZ Principal Real Estate Income Fund | 12.60% | 12.59% | 12.75% | 13.33% | 11.86% | 6.32% | 10.34% | 6.25% | 7.98% | 9.51% | 10.90% | 10.40% |
Frequently Asked Questions
PGZ and FEPI have a correlation of 0.20, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FEPI has higher volatility (7.03%) compared to PGZ (3.29%). In terms of maximum drawdown, PGZ dropped -53.58% vs FEPI's -23.56%.
FEPI currently has the higher Sharpe Ratio (1.46 vs 0.79), 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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