PURZX vs. CSRIX
PURZX (PGIM Global Real Estate Fund) and CSRIX (Cohen & Steers Institutional Realty Shares) are both REIT funds. Over the past 10 years, PURZX returned 4.49%/yr vs 7.42%/yr for CSRIX. Their correlation of 0.91 suggests significant overlap in exposure. PURZX charges 0.93%/yr vs 0.76%/yr for CSRIX.
Performance
PURZX vs. CSRIX - Performance Comparison
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Returns By Period
In the year-to-date period, PURZX achieves a 10.30% return, which is significantly lower than CSRIX's 14.36% return. Over the past 10 years, PURZX has underperformed CSRIX with an annualized return of 4.49%, while CSRIX has yielded a comparatively higher 7.42% annualized return.
PURZX
- 1D
- 0.81%
- 1M
- -0.53%
- YTD
- 10.30%
- 6M
- 10.40%
- 1Y
- 12.60%
- 3Y*
- 11.84%
- 5Y*
- 2.14%
- 10Y*
- 4.49%
CSRIX
- 1D
- 1.40%
- 1M
- 0.00%
- YTD
- 14.36%
- 6M
- 15.09%
- 1Y
- 11.46%
- 3Y*
- 12.10%
- 5Y*
- 4.25%
- 10Y*
- 7.42%
PURZX vs. CSRIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
PURZX PGIM Global Real Estate Fund | 10.30% | 9.22% | 3.64% | 11.24% | -26.73% | 27.91% | -4.39% | 20.60% | -5.32% | 10.36% |
CSRIX Cohen & Steers Institutional Realty Shares | 14.36% | 3.10% | 6.26% | 12.75% | -25.15% | 42.40% | -2.55% | 36.11% | -4.68% | 6.71% |
Correlation
The correlation between PURZX and CSRIX is 0.88, 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 | 0.88 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.91 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.92 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.91 |
Correlation (All Time) Calculated using the full available price history since Jan 2, 2015 | 0.91 |
The correlation between PURZX and CSRIX has been stable across timeframes, ranging from 0.88 to 0.92 - a consistent structural relationship.
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Return for Risk
PURZX vs. CSRIX — Risk / Return Rank
PURZX
CSRIX
PURZX vs. CSRIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for PGIM Global Real Estate Fund (PURZX) and Cohen & Steers Institutional Realty Shares (CSRIX). 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.
| PURZX | CSRIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.21 | ||
| Sortino ratioReturn per unit of downside risk | +0.28 | ||
| Omega ratioGain probability vs. loss probability | 1.21 | 1.17 | +0.04 |
| Calmar ratioReturn relative to maximum drawdown | 1.39 | 1.70 | -0.31 |
| Martin ratioReturn relative to average drawdown | 5.04 | 4.44 | +0.60 |
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Drawdowns
PURZX vs. CSRIX - Drawdown Comparison
The maximum PURZX drawdown since its inception was -69.49%, which is greater than CSRIX's maximum drawdown of -41.45%. Use the drawdown chart below to compare losses from any high point for PURZX and CSRIX.
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Drawdown Indicators
| PURZX | CSRIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -69.49% | -41.45% | -28.04% |
Max Drawdown (1Y)Largest decline over 1 year | -10.16% | -7.74% | -2.42% |
Max Drawdown (3Y)Largest decline over 3 years | -18.57% | -16.89% | -1.68% |
Max Drawdown (5Y)Largest decline over 5 years | -34.80% | -31.79% | -3.01% |
Max Drawdown (10Y)Largest decline over 10 years | -41.05% | -41.45% | +0.40% |
Current DrawdownCurrent decline from peak | -2.30% | -1.75% | -0.55% |
Average DrawdownAverage peak-to-trough decline | -11.97% | -8.76% | -3.21% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.79% | 2.94% | -0.15% |
Volatility
PURZX vs. CSRIX - Volatility Comparison
The current volatility for PGIM Global Real Estate Fund (PURZX) is 4.05%, while Cohen & Steers Institutional Realty Shares (CSRIX) has a volatility of 5.17%. This indicates that PURZX experiences smaller price fluctuations and is considered to be less risky than CSRIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PURZX | CSRIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.05% | 5.17% | -1.12% |
Volatility (6M)Calculated over the trailing 6-month period | 9.55% | 10.84% | -1.29% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.44% | 14.14% | -1.70% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.35% | 18.64% | -2.29% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.30% | 20.54% | -3.24% |
PURZX vs. CSRIX - Expense Ratio Comparison
PURZX has a 0.93% expense ratio, which is higher than CSRIX's 0.76% expense ratio.
Dividends
PURZX vs. CSRIX - Dividend Comparison
PURZX's dividend yield for the trailing twelve months is around 2.71%, less than CSRIX's 2.80% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CSRIX Cohen & Steers Institutional Realty Shares | 2.80% | 3.14% | 2.97% | 3.04% | 4.28% | 3.87% | 4.91% | 12.97% | 5.45% | 6.28% | 12.61% | 13.63% |
PURZX PGIM Global Real Estate Fund | 2.71% | 2.85% | 2.68% | 2.27% | 2.22% | 16.92% | 1.71% | 10.18% | 4.22% | 3.93% | 4.67% | 3.45% |
Frequently Asked Questions
PURZX and CSRIX have a correlation of 0.88, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
CSRIX has higher volatility (5.17%) compared to PURZX (4.05%). In terms of maximum drawdown, PURZX dropped -69.49% vs CSRIX's -41.45%.
PURZX currently has the higher Sharpe Ratio (1.14 vs 0.93), 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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