PRRSX vs. QREARX

Last updated Apr 2, 2026

Compare and contrast key facts about PIMCO Variable Insurance Trust Real Estate Real Return Strategy Fund (PRRSX) and TIAA Real Estate Account (QREARX).

PRRSX is managed by PIMCO. It was launched on Oct 30, 2003. QREARX is an actively managed fund by TIAA. It was launched on Oct 2, 1995.

Performance

PRRSX vs. QREARX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in PIMCO Variable Insurance Trust Real Estate Real Return Strategy Fund (PRRSX) and TIAA Real Estate Account (QREARX). The values are adjusted to include any dividend payments, if applicable.

PRRSX vs. QREARX - Yearly Performance Comparison

	2026 (YTD)	2025
PRRSX PIMCO Variable Insurance Trust Real Estate Real Return Strategy Fund	4.08%	4.81%
QREARX TIAA Real Estate Account	0.61%	3.93%

Returns By Period

In the year-to-date period, PRRSX achieves a 4.08% return, which is significantly higher than QREARX's 0.61% return.

PRRSX

• 1D: 1.63%
• 1M: -6.92%
• YTD: 4.08%
• 6M: 2.18%
• 1Y: 6.12%
• 3Y*: 7.63%
• 5Y*: 4.45%
• 10Y*: 5.78%

QREARX

• 1D: -0.18%
• 1M: 0.19%
• YTD: 0.61%
• 6M: 1.65%
• 1Y: 3.59%
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

PRRSX vs. QREARX - Expense Ratio Comparison

PRRSX has a 0.79% expense ratio, which is lower than QREARX's 0.90% expense ratio.

QREARX

TIAA Real Estate Account

PRRSX

PIMCO Variable Insurance Trust Real Estate Real Return Strategy Fund

Return for Risk

PRRSX vs. QREARX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

PRRSX

PRRSX Risk / Return Rank: 14
PRRSX Sharpe Ratio Rank: 12
PRRSX Sortino Ratio Rank: 11
PRRSX Omega Ratio Rank: 11
PRRSX Calmar Ratio Rank: 17
PRRSX Martin Ratio Rank: 19

QREARX

QREARX Risk / Return Rank: 99
QREARX Sharpe Ratio Rank: 100
QREARX Sortino Ratio Rank: 99
QREARX Omega Ratio Rank: 99
QREARX Calmar Ratio Rank: 99
QREARX Martin Ratio Rank: 99

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

PRRSX vs. QREARX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for PIMCO Variable Insurance Trust Real Estate Real Return Strategy Fund (PRRSX) and TIAA Real Estate Account (QREARX). 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.

	PRRSX	QREARX	Difference
Sharpe ratio Return per unit of total volatility	0.35	4.69	-4.35
Sortino ratio Return per unit of downside risk	0.59	7.22	-6.63
Omega ratio Gain probability vs. loss probability	1.08	2.65	-1.57
Calmar ratio Return relative to maximum drawdown	0.56	9.74	-9.17
Martin ratio Return relative to average drawdown	2.28	40.50	-38.22
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

PRRSX vs. QREARX - Sharpe Ratio Comparison

The current PRRSX Sharpe Ratio is 0.35, which is lower than the QREARX Sharpe Ratio of 4.69. The chart below compares the historical Sharpe Ratios of PRRSX and QREARX, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	PRRSX	QREARX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.35	4.69	-4.35
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.22	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.27	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.34	2.12	-1.79

Correlation

The correlation between PRRSX and QREARX is -0.14. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.

Dividends

PRRSX vs. QREARX - Dividend Comparison

PRRSX's dividend yield for the trailing twelve months is around 0.85%, while QREARX has not paid dividends to shareholders.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
PRRSX PIMCO Variable Insurance Trust Real Estate Real Return Strategy Fund	0.85%	2.19%	0.61%	0.00%	18.62%	34.01%	7.21%	7.99%	0.81%	1.67%	0.66%	8.38%
QREARX TIAA Real Estate Account	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Drawdowns

PRRSX vs. QREARX - Drawdown Comparison

The maximum PRRSX drawdown since its inception was -77.82%, which is greater than QREARX's maximum drawdown of -1.45%. Use the drawdown chart below to compare losses from any high point for PRRSX and QREARX.

Drawdown Indicators

	PRRSX	QREARX	Difference
Max Drawdown Largest peak-to-trough decline	-77.82%	-1.45%	-76.37%
Max Drawdown (1Y) Largest decline over 1 year	-13.53%	-0.37%	-13.16%
Max Drawdown (5Y) Largest decline over 5 years	-37.14%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-45.75%	—	—
Current Drawdown Current decline from peak	-8.71%	-0.28%	-8.43%
Average Drawdown Average peak-to-trough decline	-13.18%	-0.05%	-13.13%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.35%	0.09%	+3.26%

Volatility

PRRSX vs. QREARX - Volatility Comparison

PIMCO Variable Insurance Trust Real Estate Real Return Strategy Fund (PRRSX) has a higher volatility of 5.04% compared to TIAA Real Estate Account (QREARX) at 0.30%. This indicates that PRRSX's price experiences larger fluctuations and is considered to be riskier than QREARX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	PRRSX	QREARX	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.04%	0.30%	+4.74%
Volatility (6M) Calculated over the trailing 6-month period	9.92%	0.53%	+9.39%
Volatility (1Y) Calculated over the trailing 1-year period	17.86%	0.77%	+17.09%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	20.20%	1.76%	+18.44%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	21.87%	1.76%	+20.11%