PURZX vs. VNQ
Compare and contrast key facts about PGIM Global Real Estate Fund (PURZX) and Vanguard Real Estate ETF (VNQ).
PURZX is managed by PGIM. It was launched on May 4, 1998. VNQ is a passively managed fund by Vanguard that tracks the performance of the MSCI US Investable Market Real Estate 25/50 Index. It was launched on Sep 23, 2004.
Performance
PURZX vs. VNQ - Performance Comparison
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PURZX vs. VNQ - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
PURZX PGIM Global Real Estate Fund | 3.07% | 9.22% | 3.64% | 11.24% | -26.73% | 27.91% | -4.39% | 20.60% | -5.32% | 10.36% |
VNQ Vanguard Real Estate ETF | 1.67% | 3.24% | 4.81% | 11.85% | -26.25% | 40.54% | -4.61% | 28.91% | -6.03% | 4.90% |
Returns By Period
In the year-to-date period, PURZX achieves a 3.07% return, which is significantly higher than VNQ's 1.67% return. Over the past 10 years, PURZX has underperformed VNQ with an annualized return of 3.71%, while VNQ has yielded a comparatively higher 4.69% annualized return.
PURZX
- 1D
- 1.73%
- 1M
- -8.28%
- YTD
- 3.07%
- 6M
- 1.97%
- 1Y
- 11.08%
- 3Y*
- 8.20%
- 5Y*
- 2.54%
- 10Y*
- 3.71%
VNQ
- 1D
- 0.36%
- 1M
- -6.21%
- YTD
- 1.67%
- 6M
- -0.84%
- 1Y
- 2.18%
- 3Y*
- 6.57%
- 5Y*
- 2.86%
- 10Y*
- 4.69%
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PURZX vs. VNQ - Expense Ratio Comparison
PURZX has a 0.93% expense ratio, which is higher than VNQ's 0.13% expense ratio.
Return for Risk
PURZX vs. VNQ — Risk / Return Rank
PURZX
VNQ
PURZX vs. VNQ - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for PGIM Global Real Estate Fund (PURZX) and Vanguard Real Estate ETF (VNQ). 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.
| PURZX | VNQ | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.79 | 0.13 | +0.66 |
Sortino ratioReturn per unit of downside risk | 1.16 | 0.30 | +0.86 |
Omega ratioGain probability vs. loss probability | 1.16 | 1.04 | +0.12 |
Calmar ratioReturn relative to maximum drawdown | 1.07 | 0.18 | +0.89 |
Martin ratioReturn relative to average drawdown | 4.25 | 0.70 | +3.55 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| PURZX | VNQ | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.79 | 0.13 | +0.66 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.16 | 0.15 | 0.00 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.22 | 0.23 | -0.01 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.36 | 0.26 | +0.11 |
Correlation
The correlation between PURZX and VNQ is 0.90, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Dividends
PURZX vs. VNQ - Dividend Comparison
PURZX's dividend yield for the trailing twelve months is around 2.77%, less than VNQ's 3.92% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PURZX PGIM Global Real Estate Fund | 2.77% | 2.85% | 2.68% | 2.27% | 2.22% | 16.92% | 1.71% | 10.18% | 4.22% | 3.93% | 4.67% | 3.45% |
VNQ Vanguard Real Estate ETF | 3.92% | 3.92% | 3.85% | 3.95% | 3.91% | 2.56% | 3.93% | 3.39% | 4.74% | 4.23% | 4.82% | 3.92% |
Drawdowns
PURZX vs. VNQ - Drawdown Comparison
The maximum PURZX drawdown since its inception was -69.49%, roughly equal to the maximum VNQ drawdown of -73.07%. Use the drawdown chart below to compare losses from any high point for PURZX and VNQ.
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Drawdown Indicators
| PURZX | VNQ | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -69.49% | -73.07% | +3.58% |
Max Drawdown (1Y)Largest decline over 1 year | -11.12% | -12.44% | +1.32% |
Max Drawdown (5Y)Largest decline over 5 years | -34.80% | -34.48% | -0.32% |
Max Drawdown (10Y)Largest decline over 10 years | -41.05% | -42.40% | +1.35% |
Current DrawdownCurrent decline from peak | -8.43% | -9.24% | +0.81% |
Average DrawdownAverage peak-to-trough decline | -12.04% | -13.71% | +1.67% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.80% | 3.21% | -0.41% |
Volatility
PURZX vs. VNQ - Volatility Comparison
PGIM Global Real Estate Fund (PURZX) has a higher volatility of 4.95% compared to Vanguard Real Estate ETF (VNQ) at 4.57%. This indicates that PURZX's price experiences larger fluctuations and is considered to be riskier than VNQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PURZX | VNQ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.95% | 4.57% | +0.38% |
Volatility (6M)Calculated over the trailing 6-month period | 8.46% | 9.28% | -0.82% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.65% | 16.31% | -1.66% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.30% | 18.80% | -2.50% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.24% | 20.70% | -3.46% |