PRKZX vs. FRIOX
PRKZX (PGIM Real Estate Income Fund) and FRIOX (Fidelity Advisor Real Estate Income Fund Class C) are both REIT funds. Over the past 10 years, PRKZX returned 6.06%/yr vs 4.32%/yr for FRIOX. Their correlation of 0.85 suggests significant overlap in exposure. PRKZX charges 1.38%/yr vs 1.72%/yr for FRIOX.
Performance
PRKZX vs. FRIOX - Performance Comparison
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Returns By Period
In the year-to-date period, PRKZX achieves a 10.69% return, which is significantly higher than FRIOX's 3.39% return. Over the past 10 years, PRKZX has outperformed FRIOX with an annualized return of 6.06%, while FRIOX has yielded a comparatively lower 4.32% annualized return.
PRKZX
- 1D
- 0.38%
- 1M
- -0.51%
- YTD
- 10.69%
- 6M
- 11.15%
- 1Y
- 11.64%
- 3Y*
- 15.54%
- 5Y*
- 5.31%
- 10Y*
- 6.06%
FRIOX
- 1D
- 0.00%
- 1M
- 0.00%
- YTD
- 3.39%
- 6M
- 3.73%
- 1Y
- 6.34%
- 3Y*
- 7.66%
- 5Y*
- 2.42%
- 10Y*
- 4.32%
PRKZX vs. FRIOX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
PRKZX PGIM Real Estate Income Fund | 10.69% | 3.74% | 17.55% | 10.54% | -16.17% | 21.17% | -8.68% | 30.19% | -10.05% | 6.55% |
FRIOX Fidelity Advisor Real Estate Income Fund Class C | 3.39% | 6.06% | 6.79% | 8.31% | -15.51% | 17.80% | -2.13% | 16.74% | -2.56% | 5.39% |
Correlation
The correlation between PRKZX and FRIOX is 0.87, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.87 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.84 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.85 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.85 |
Correlation (All Time) Calculated using the full available price history since Jan 4, 2016 | 0.85 |
The correlation between PRKZX and FRIOX has been stable across timeframes, ranging from 0.84 to 0.87 - a consistent structural relationship.
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Return for Risk
PRKZX vs. FRIOX — Risk / Return Rank
PRKZX
FRIOX
PRKZX vs. FRIOX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for PGIM Real Estate Income Fund (PRKZX) and Fidelity Advisor Real Estate Income Fund Class C (FRIOX). 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.
| PRKZX | FRIOX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.46 | ||
| Sortino ratioReturn per unit of downside risk | -0.61 | ||
| Omega ratioGain probability vs. loss probability | 1.20 | 1.30 | -0.10 |
| Calmar ratioReturn relative to maximum drawdown | 1.54 | 1.92 | -0.38 |
| Martin ratioReturn relative to average drawdown | 4.19 | 8.19 | -4.00 |
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Drawdowns
PRKZX vs. FRIOX - Drawdown Comparison
The maximum PRKZX drawdown since its inception was -46.95%, which is greater than FRIOX's maximum drawdown of -34.54%. Use the drawdown chart below to compare losses from any high point for PRKZX and FRIOX.
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Drawdown Indicators
| PRKZX | FRIOX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -46.95% | -34.54% | -12.41% |
Max Drawdown (1Y)Largest decline over 1 year | -8.26% | -3.51% | -4.75% |
Max Drawdown (3Y)Largest decline over 3 years | -15.90% | -7.50% | -8.40% |
Max Drawdown (5Y)Largest decline over 5 years | -25.96% | -18.83% | -7.13% |
Max Drawdown (10Y)Largest decline over 10 years | -46.95% | -34.54% | -12.41% |
Current DrawdownCurrent decline from peak | -1.38% | -0.65% | -0.73% |
Average DrawdownAverage peak-to-trough decline | -7.47% | -3.62% | -3.85% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.03% | 0.82% | +2.21% |
Volatility
PRKZX vs. FRIOX - Volatility Comparison
PGIM Real Estate Income Fund (PRKZX) has a higher volatility of 3.28% compared to Fidelity Advisor Real Estate Income Fund Class C (FRIOX) at 1.23%. This indicates that PRKZX's price experiences larger fluctuations and is considered to be riskier than FRIOX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PRKZX | FRIOX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.28% | 1.23% | +2.05% |
Volatility (6M)Calculated over the trailing 6-month period | 8.27% | 3.26% | +5.01% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.06% | 4.17% | +6.89% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.47% | 6.50% | +7.97% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.20% | 9.50% | +7.70% |
PRKZX vs. FRIOX - Expense Ratio Comparison
PRKZX has a 1.38% expense ratio, which is lower than FRIOX's 1.72% expense ratio.
Dividends
PRKZX vs. FRIOX - Dividend Comparison
PRKZX's dividend yield for the trailing twelve months is around 6.75%, more than FRIOX's 3.58% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FRIOX Fidelity Advisor Real Estate Income Fund Class C | 3.58% | 3.68% | 3.68% | 4.09% | 5.00% | 1.02% | 3.92% | 4.76% | 4.46% | 3.69% | 4.05% | 3.11% |
PRKZX PGIM Real Estate Income Fund | 6.75% | 7.09% | 8.63% | 4.25% | 5.53% | 29.71% | 4.27% | 4.53% | 5.65% | 5.18% | 4.96% | 0.00% |
Frequently Asked Questions
PRKZX and FRIOX have a correlation of 0.87, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
PRKZX has higher volatility (3.28%) compared to FRIOX (1.23%). In terms of maximum drawdown, PRKZX dropped -46.95% vs FRIOX's -34.54%.
FRIOX currently has the higher Sharpe Ratio (1.62 vs 1.15), 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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