PGZ vs. USA
PGZ (Principal Real Estate Income Fund) and USA (Liberty All-Star Equity Fund) are both stocks. Both are in the Financial Services sector — PGZ in Asset Management, USA in Collective Investments. Over the past 10 years, PGZ returned 4.44%/yr vs 12.11%/yr for USA. Their 0.37 correlation means their historical movements had little consistent relationship.
Performance
PGZ vs. USA - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, PGZ achieves a 8.88% return, which is significantly higher than USA's 2.12% return. Over the past 10 years, PGZ has underperformed USA with an annualized return of 4.44%, while USA has yielded a comparatively higher 12.11% annualized return.
PGZ
- 1D
- -0.78%
- 1M
- -0.70%
- 6M
- 7.22%
- YTD
- 8.88%
- 1Y
- 10.89%
- 3Y*
- 15.72%
- 5Y*
- 3.35%
- 10Y*
- 4.44%
- ALL TIME*
- 4.61%
USA
- 1D
- 1.55%
- 1M
- 4.70%
- 6M
- 2.64%
- YTD
- 2.12%
- 1Y
- 2.54%
- 3Y*
- 7.48%
- 5Y*
- 2.99%
- 10Y*
- 12.11%
- ALL TIME*
- 7.82%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $194.82K | $199.91K | $213.83K | |
| $8.45M | $9.04M | $8.45M |
PGZ vs. USA - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
PGZ Principal Real Estate Income Fund | 8.88% | 14.50% | 17.99% | 4.05% | -27.98% | 38.70% | -36.50% | 36.77% | 3.92% | 18.23% |
USA Liberty All-Star Equity Fund | 2.12% | 0.09% | 20.81% | 23.17% | -25.20% | 33.76% | 12.89% | 39.70% | -5.06% | 34.66% |
Correlation
The correlation between PGZ and USA is 0.34, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.34 |
Correlation (3Y) Balances recent behavior with more history. | 0.39 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.40 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.38 |
Correlation (All Time) Calculated using the full available price history since Jun 26, 2013 | 0.37 |
Fundamentals
PGZ:
$67.88M
USA:
$1.82B
PGZ:
$2.65
USA:
$1.40
PGZ:
3.82
USA:
4.20
PGZ:
4.23
USA:
5.00
PGZ:
0.90
USA:
0.86
PGZ:
$16.04M
USA:
$355.74M
PGZ:
$13.04M
USA:
$329.90M
PGZ:
$21.41M
USA:
$305.11M
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
PGZ vs. USA — Risk / Return Rank
PGZ
USA
PGZ vs. USA - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Principal Real Estate Income Fund (PGZ) and Liberty All-Star Equity Fund (USA). 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 | USA | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.82 | ||
| Sortino ratioReturn per unit of downside risk | +1.11 | ||
| Omega ratioGain probability vs. loss probability | 1.20 | 1.04 | +0.16 |
| Calmar ratioReturn relative to maximum drawdown | 1.11 | 0.19 | +0.93 |
| Martin ratioReturn relative to average drawdown | 4.11 | 0.49 | +3.62 |
Loading charts...
Drawdowns
PGZ vs. USA - Drawdown Comparison
The maximum PGZ drawdown since its inception was -53.58%, smaller than the maximum USA drawdown of -69.15%. Use the drawdown chart below to compare losses from any high point for PGZ and USA.
Loading charts...
Drawdown Indicators
| PGZ | USA | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -53.58% | -69.15% | +15.57% |
Max Drawdown (1Y)Largest decline over 1 year | -9.82% | -13.65% | +3.83% |
Max Drawdown (3Y)Largest decline over 3 years | -10.56% | -17.69% | +7.13% |
Max Drawdown (5Y)Largest decline over 5 years | -35.34% | -34.05% | -1.29% |
Max Drawdown (10Y)Largest decline over 10 years | -53.58% | -47.07% | -6.51% |
Current DrawdownCurrent decline from peak | -7.25% | -3.36% | -3.89% |
Average DrawdownAverage peak-to-trough decline | -16.03% | -11.50% | -4.53% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.66% | 5.16% | -2.50% |
Volatility
PGZ vs. USA - Volatility Comparison
The current volatility for Principal Real Estate Income Fund (PGZ) is 3.43%, while Liberty All-Star Equity Fund (USA) has a volatility of 3.95%. This indicates that PGZ experiences smaller price fluctuations and is considered to be less risky than USA based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| PGZ | USA | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.43% | 3.95% | -0.52% |
Volatility (6M)Calculated over the trailing 6-month period | 9.48% | 10.88% | -1.40% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.96% | 14.13% | -3.17% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.71% | 20.11% | -5.40% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.80% | 22.57% | -0.77% |
Dividends
PGZ vs. USA - Dividend Comparison
PGZ's dividend yield for the trailing twelve months is around 12.43%, more than USA's 11.36% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PGZ Principal Real Estate Income Fund | 12.43% | 12.59% | 12.75% | 13.33% | 11.86% | 6.32% | 10.34% | 6.25% | 7.98% | 9.51% | 10.90% | 10.40% |
USA Liberty All-Star Equity Fund | 11.36% | 10.67% | 10.22% | 9.56% | 12.11% | 9.67% | 9.13% | 9.75% | 12.64% | 8.89% | 9.30% | 9.53% |
Financials
PGZ vs. USA - Financials Comparison
This section allows you to compare key financial metrics between Principal Real Estate Income Fund and Liberty All-Star Equity Fund. You can select fields from income statements, balance sheets, and cash flow statements to easily visualize and compare the financial health of both companies.
Total Revenue: Total amount of money received from sales and other business activities
PGZ vs. USA - Profitability Comparison
PGZ - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Aug 2026, Principal Real Estate Income Fund reported a gross profit of 4.51M and revenue of 5.22M. Therefore, the gross margin over that period was 86.3%.
USA - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Aug 2026, Liberty All-Star Equity Fund reported a gross profit of 110.71M and revenue of 119.52M. Therefore, the gross margin over that period was 92.6%.
PGZ - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Aug 2026, Principal Real Estate Income Fund reported an operating income of 4.22M and revenue of 5.22M, resulting in an operating margin of 80.9%.
USA - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Aug 2026, Liberty All-Star Equity Fund reported an operating income of 49.78M and revenue of 119.52M, resulting in an operating margin of 41.7%.
PGZ - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Aug 2026, Principal Real Estate Income Fund reported a net income of 3.45M and revenue of 5.22M, resulting in a net margin of 66.0%.
USA - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Aug 2026, Liberty All-Star Equity Fund reported a net income of 49.78M and revenue of 119.52M, resulting in a net margin of 41.7%.
Frequently Asked Questions
PGZ and USA have a correlation of 0.34, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
USA has higher volatility (3.95%) compared to PGZ (3.43%). In terms of maximum drawdown, PGZ dropped -53.58% vs USA's -69.15%.
PGZ currently has the higher Sharpe Ratio (1.00 vs 0.18), 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.
Find the right allocation for PGZ and USA
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer