PJEZX vs. ACWX
PJEZX (PGIM US Real Estate Fund) and ACWX (iShares MSCI ACWI ex U.S. ETF) are both funds - PJEZX is a REIT fund managed by PGIM, while ACWX is a Foreign Large Cap Equities fund tracking the MSCI All Country World ex-U.S. Index. Over the past 10 years, PJEZX returned 9.27%/yr vs 10.05%/yr for ACWX. A 0.54 correlation means they provide meaningful diversification when combined. PJEZX charges 1.00%/yr vs 0.32%/yr for ACWX.
Performance
PJEZX vs. ACWX - Performance Comparison
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Returns By Period
In the year-to-date period, PJEZX achieves a 16.61% return, which is significantly higher than ACWX's 13.90% return. Over the past 10 years, PJEZX has underperformed ACWX with an annualized return of 9.27%, while ACWX has yielded a comparatively higher 10.05% annualized return.
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%
ACWX
- 1D
- 0.42%
- 1M
- 1.39%
- YTD
- 13.90%
- 6M
- 15.65%
- 1Y
- 30.35%
- 3Y*
- 18.44%
- 5Y*
- 8.26%
- 10Y*
- 10.05%
PJEZX vs. ACWX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
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% |
ACWX iShares MSCI ACWI ex U.S. ETF | 13.90% | 32.59% | 5.17% | 15.63% | -16.07% | 7.67% | 10.29% | 21.05% | -13.99% | 27.20% |
Correlation
The correlation between PJEZX and ACWX is 0.39, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.39 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.49 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.55 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.49 |
Correlation (All Time) Calculated using the full available price history since Dec 21, 2010 | 0.54 |
The correlation between PJEZX and ACWX shifts across timeframes, from 0.39 (1 year) to 0.55 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
PJEZX vs. ACWX — Risk / Return Rank
PJEZX
ACWX
PJEZX vs. ACWX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for PGIM US Real Estate Fund (PJEZX) and iShares MSCI ACWI ex U.S. ETF (ACWX). 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.
| PJEZX | ACWX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.43 | ||
| Sortino ratioReturn per unit of downside risk | -0.58 | ||
| Omega ratioGain probability vs. loss probability | 1.23 | 1.32 | -0.09 |
| Calmar ratioReturn relative to maximum drawdown | 2.48 | 2.52 | -0.04 |
| Martin ratioReturn relative to average drawdown | 7.29 | 9.66 | -2.37 |
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Drawdowns
PJEZX vs. ACWX - Drawdown Comparison
The maximum PJEZX drawdown since its inception was -43.43%, smaller than the maximum ACWX drawdown of -60.40%. Use the drawdown chart below to compare losses from any high point for PJEZX and ACWX.
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Drawdown Indicators
| PJEZX | ACWX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -43.43% | -60.40% | +16.97% |
Max Drawdown (1Y)Largest decline over 1 year | -7.32% | -11.42% | +4.10% |
Max Drawdown (3Y)Largest decline over 3 years | -19.19% | -13.84% | -5.35% |
Max Drawdown (5Y)Largest decline over 5 years | -34.60% | -30.01% | -4.59% |
Max Drawdown (10Y)Largest decline over 10 years | -43.43% | -35.38% | -8.05% |
Current DrawdownCurrent decline from peak | -0.39% | -1.41% | +1.02% |
Average DrawdownAverage peak-to-trough decline | -8.10% | -13.32% | +5.22% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.48% | 2.98% | -0.50% |
Volatility
PJEZX vs. ACWX - Volatility Comparison
The current volatility for PGIM US Real Estate Fund (PJEZX) is 4.66%, while iShares MSCI ACWI ex U.S. ETF (ACWX) has a volatility of 6.97%. This indicates that PJEZX experiences smaller price fluctuations and is considered to be less risky than ACWX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PJEZX | ACWX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.66% | 6.97% | -2.31% |
Volatility (6M)Calculated over the trailing 6-month period | 9.97% | 14.32% | -4.35% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.74% | 16.43% | -2.69% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.92% | 16.46% | +2.46% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.16% | 17.43% | +3.73% |
PJEZX vs. ACWX - Expense Ratio Comparison
PJEZX has a 1.00% expense ratio, which is higher than ACWX's 0.32% expense ratio.
Dividends
PJEZX vs. ACWX - Dividend Comparison
PJEZX's dividend yield for the trailing twelve months is around 1.79%, less than ACWX's 2.48% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ACWX iShares MSCI ACWI ex U.S. ETF | 2.48% | 2.82% | 2.97% | 2.96% | 2.68% | 2.74% | 1.88% | 3.22% | 2.60% | 2.40% | 2.77% | 2.51% |
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
PJEZX and ACWX have a correlation of 0.39, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
ACWX has higher volatility (6.97%) compared to PJEZX (4.66%). In terms of maximum drawdown, PJEZX dropped -43.43% vs ACWX's -60.40%.
ACWX currently has the higher Sharpe Ratio (1.75 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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