PURZX vs. FREL
Compare and contrast key facts about PGIM Global Real Estate Fund (PURZX) and Fidelity MSCI Real Estate Index ETF (FREL).
PURZX is managed by PGIM Investments. It was launched on May 4, 1998. FREL is a passively managed fund by Fidelity that tracks the performance of the MSCI USA IMI Real Estate Index. It was launched on Feb 2, 2015.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: PURZX or FREL.
Correlation
The correlation between PURZX and FREL is 0.61, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
PURZX vs. FREL - Performance Comparison
Key characteristics
PURZX:
0.79
FREL:
0.94
PURZX:
1.17
FREL:
1.37
PURZX:
1.16
FREL:
1.18
PURZX:
0.40
FREL:
0.71
PURZX:
2.01
FREL:
3.12
PURZX:
6.34%
FREL:
5.47%
PURZX:
15.97%
FREL:
18.06%
PURZX:
-74.04%
FREL:
-42.61%
PURZX:
-22.51%
FREL:
-12.12%
Returns By Period
In the year-to-date period, PURZX achieves a 2.94% return, which is significantly higher than FREL's 1.46% return. Over the past 10 years, PURZX has underperformed FREL with an annualized return of 0.36%, while FREL has yielded a comparatively higher 5.56% annualized return.
PURZX
2.94%
8.67%
-2.05%
9.86%
3.61%
0.36%
FREL
1.46%
6.30%
-2.96%
14.71%
8.48%
5.56%
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PURZX vs. FREL - Expense Ratio Comparison
PURZX has a 0.93% expense ratio, which is higher than FREL's 0.08% expense ratio.
Risk-Adjusted Performance
PURZX vs. FREL — Risk-Adjusted Performance Rank
PURZX
FREL
PURZX vs. FREL - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for PGIM Global Real Estate Fund (PURZX) and Fidelity MSCI Real Estate Index ETF (FREL). 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.
Dividends
PURZX vs. FREL - Dividend Comparison
PURZX's dividend yield for the trailing twelve months is around 2.59%, less than FREL's 3.49% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PURZX PGIM Global Real Estate Fund | 2.59% | 2.68% | 2.27% | 2.22% | 16.92% | 1.71% | 17.08% | 4.89% | 4.84% | 4.67% | 3.45% | 2.92% |
FREL Fidelity MSCI Real Estate Index ETF | 3.49% | 3.48% | 3.73% | 3.57% | 2.34% | 3.77% | 3.32% | 5.54% | 3.27% | 4.01% | 3.80% | 0.00% |
Drawdowns
PURZX vs. FREL - Drawdown Comparison
The maximum PURZX drawdown since its inception was -74.04%, which is greater than FREL's maximum drawdown of -42.61%. Use the drawdown chart below to compare losses from any high point for PURZX and FREL. For additional features, visit the drawdowns tool.
Volatility
PURZX vs. FREL - Volatility Comparison
The current volatility for PGIM Global Real Estate Fund (PURZX) is 9.06%, while Fidelity MSCI Real Estate Index ETF (FREL) has a volatility of 9.98%. This indicates that PURZX experiences smaller price fluctuations and is considered to be less risky than FREL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.