PJEZX vs. FSRNX
PJEZX (PGIM US Real Estate Fund) and FSRNX (Fidelity Real Estate Index Fund) are both REIT funds. Over the past 10 years, PJEZX returned 8.76%/yr vs 3.66%/yr for FSRNX. Their 0.98 correlation means they have historically moved very closely together. PJEZX charges 1.00%/yr vs 0.07%/yr for FSRNX.
Performance
PJEZX vs. FSRNX - Performance Comparison
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Returns By Period
In the year-to-date period, PJEZX achieves a 21.10% return, which is significantly higher than FSRNX's 13.72% return. Over the past 10 years, PJEZX has outperformed FSRNX with an annualized return of 8.76%, while FSRNX has yielded a comparatively lower 3.66% annualized return.
PJEZX
- 1D
- -0.91%
- 1M
- 0.56%
- 6M
- 18.63%
- YTD
- 21.10%
- 1Y
- 25.50%
- 3Y*
- 13.51%
- 5Y*
- 5.94%
- 10Y*
- 8.76%
- ALL TIME*
- 9.95%
FSRNX
- 1D
- -0.60%
- 1M
- 0.77%
- 6M
- 11.98%
- YTD
- 13.72%
- 1Y
- 15.13%
- 3Y*
- 9.27%
- 5Y*
- 2.41%
- 10Y*
- 3.66%
- ALL TIME*
- 7.21%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $0.00 | $0.00 | $0.00 |
PJEZX vs. FSRNX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
PJEZX PGIM US Real Estate Fund | 21.10% | 2.49% | 13.08% | 15.85% | -27.26% | 48.32% | -4.86% | 44.30% | -3.54% | 5.60% |
FSRNX Fidelity Real Estate Index Fund | 13.72% | 3.03% | 4.99% | 11.93% | -26.14% | 40.66% | -11.31% | 23.78% | -4.91% | 3.15% |
Correlation
The correlation between PJEZX and FSRNX is 0.94, meaning they have usually moved in the same direction, including during past declines.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.94 |
Correlation (3Y) Balances recent behavior with more history. | 0.96 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.97 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.97 |
Correlation (All Time) Calculated using the full available price history since Sep 9, 2011 | 0.98 |
The correlation between PJEZX and FSRNX has been stable across timeframes, ranging from 0.94 to 0.98 - a consistent structural relationship.
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Return for Risk
PJEZX vs. FSRNX — Risk / Return Rank
PJEZX
FSRNX
PJEZX vs. FSRNX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for PGIM US Real Estate Fund (PJEZX) and Fidelity Real Estate Index Fund (FSRNX). 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 | FSRNX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.71 | ||
| Sortino ratioReturn per unit of downside risk | +0.89 | ||
| Omega ratioGain probability vs. loss probability | 1.31 | 1.19 | +0.11 |
| Calmar ratioReturn relative to maximum drawdown | 3.42 | 1.76 | +1.66 |
| Martin ratioReturn relative to average drawdown | 10.55 | 5.71 | +4.84 |
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Drawdowns
PJEZX vs. FSRNX - Drawdown Comparison
The maximum PJEZX drawdown since its inception was -43.43%, roughly equal to the maximum FSRNX drawdown of -44.26%. Use the drawdown chart below to compare losses from any high point for PJEZX and FSRNX.
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Drawdown Indicators
| PJEZX | FSRNX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -43.43% | -44.26% | +0.83% |
Max Drawdown (1Y)Largest decline over 1 year | -7.32% | -8.47% | +1.15% |
Max Drawdown (3Y)Largest decline over 3 years | -19.19% | -17.49% | -1.70% |
Max Drawdown (5Y)Largest decline over 5 years | -34.60% | -34.27% | -0.33% |
Max Drawdown (10Y)Largest decline over 10 years | -43.43% | -44.26% | +0.83% |
Current DrawdownCurrent decline from peak | -3.28% | -2.04% | -1.24% |
Average DrawdownAverage peak-to-trough decline | -8.04% | -9.60% | +1.56% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.37% | 2.61% | -0.24% |
Volatility
PJEZX vs. FSRNX - Volatility Comparison
PGIM US Real Estate Fund (PJEZX) has a higher volatility of 4.79% compared to Fidelity Real Estate Index Fund (FSRNX) at 4.52%. This indicates that PJEZX's price experiences larger fluctuations and is considered to be riskier than FSRNX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PJEZX | FSRNX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.79% | 4.52% | +0.27% |
Volatility (6M)Calculated over the trailing 6-month period | 11.04% | 10.78% | +0.26% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.15% | 13.95% | +0.20% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.92% | 18.97% | -0.05% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.20% | 21.45% | -0.25% |
PJEZX vs. FSRNX - Expense Ratio Comparison
PJEZX has a 1.00% expense ratio, which is higher than FSRNX's 0.07% expense ratio.
Dividends
PJEZX vs. FSRNX - Dividend Comparison
PJEZX's dividend yield for the trailing twelve months is around 1.56%, less than FSRNX's 2.60% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FSRNX Fidelity Real Estate Index Fund | 2.60% | 2.77% | 2.86% | 2.84% | 2.66% | 1.25% | 3.33% | 4.52% | 3.62% | 2.27% | 3.40% | 2.57% |
PJEZX PGIM US Real Estate Fund | 1.56% | 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
With a correlation of 0.94, PJEZX and FSRNX move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
PJEZX has higher volatility (4.79%) compared to FSRNX (4.52%). In terms of maximum drawdown, PJEZX dropped -43.43% vs FSRNX's -44.26%.
PJEZX currently has the higher Sharpe Ratio (1.78 vs 1.08), 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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