PGZ vs. USA
PGZ (Principal Real Estate Income Fund) and USA (Liberty All-Star Equity Fund) are both stocks. Both operate in the Asset Management industry within the Financial Services sector. Over the past 10 years, PGZ returned 4.22%/yr vs 12.16%/yr for USA. At a 0.37 correlation, their price movements are largely independent.
Performance
PGZ vs. USA - Performance Comparison
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Returns By Period
In the year-to-date period, PGZ achieves a 6.72% return, which is significantly higher than USA's -4.98% return. Over the past 10 years, PGZ has underperformed USA with an annualized return of 4.22%, while USA has yielded a comparatively higher 12.16% annualized return.
PGZ
- 1D
- 0.10%
- 1M
- 3.94%
- YTD
- 6.72%
- 6M
- 7.26%
- 1Y
- 7.81%
- 3Y*
- 16.65%
- 5Y*
- 3.22%
- 10Y*
- 4.22%
USA
- 1D
- 0.00%
- 1M
- -2.75%
- YTD
- -4.98%
- 6M
- -5.58%
- 1Y
- -5.68%
- 3Y*
- 7.02%
- 5Y*
- 0.23%
- 10Y*
- 12.16%
PGZ vs. USA - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
PGZ Principal Real Estate Income Fund | 6.72% | 14.50% | 17.99% | 4.05% | -27.98% | 38.70% | -36.50% | 36.77% | 3.92% | 18.23% |
USA Liberty All-Star Equity Fund | -4.98% | 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 0.32, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.32 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.39 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.40 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.38 |
Correlation (All Time) Calculated using the full available price history since Jun 26, 2013 | 0.37 |
Fundamentals
PGZ:
$67.21M
USA:
$1.70B
PGZ:
$4.06
USA:
$1.42
PGZ:
2.47
USA:
3.98
PGZ:
6.37
USA:
4.74
PGZ:
0.88
USA:
0.83
PGZ:
$10.56M
USA:
$355.74M
PGZ:
$3.00M
USA:
$329.90M
PGZ:
$31.08M
USA:
$305.11M
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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 | +1.16 | ||
| Sortino ratioReturn per unit of downside risk | +1.64 | ||
| Omega ratioGain probability vs. loss probability | 1.15 | 0.95 | +0.21 |
| Calmar ratioReturn relative to maximum drawdown | 0.80 | -0.37 | +1.17 |
| Martin ratioReturn relative to average drawdown | 2.97 | -0.87 | +3.84 |
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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.
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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% | -15.28% | +5.46% |
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 | -9.08% | -10.08% | +1.00% |
Average DrawdownAverage peak-to-trough decline | -16.10% | -11.51% | -4.59% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.64% | 6.55% | -3.91% |
Volatility
PGZ vs. USA - Volatility Comparison
The current volatility for Principal Real Estate Income Fund (PGZ) is 3.26%, while Liberty All-Star Equity Fund (USA) has a volatility of 4.51%. 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.
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Volatility by Period
| PGZ | USA | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.26% | 4.51% | -1.25% |
Volatility (6M)Calculated over the trailing 6-month period | 9.09% | 10.75% | -1.66% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.51% | 13.92% | -3.41% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.85% | 20.30% | -5.45% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.81% | 22.57% | -0.76% |
Dividends
PGZ vs. USA - Dividend Comparison
PGZ's dividend yield for the trailing twelve months is around 12.55%, more than USA's 12.04% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PGZ Principal Real Estate Income Fund | 12.55% | 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 | 12.04% | 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
Frequently Asked Questions
PGZ and USA have a correlation of 0.32, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
USA has higher volatility (4.51%) compared to PGZ (3.26%). In terms of maximum drawdown, PGZ dropped -53.58% vs USA's -69.15%.
PGZ currently has the higher Sharpe Ratio (0.75 vs -0.41), 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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