PURZX vs. VNQ
PURZX (PGIM Global Real Estate Fund) and VNQ (Vanguard Real Estate ETF) are both REIT funds. Over the past 10 years, PURZX returned 4.15%/yr vs 4.90%/yr for VNQ. Their correlation of 0.90 means they have usually moved in the same direction. PURZX charges 0.93%/yr vs 0.13%/yr for VNQ.
Performance
PURZX vs. VNQ - Performance Comparison
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Returns By Period
In the year-to-date period, PURZX achieves a 15.78% return, which is significantly higher than VNQ's 14.01% return. Over the past 10 years, PURZX has underperformed VNQ with an annualized return of 4.15%, while VNQ has yielded a comparatively higher 4.90% annualized return.
PURZX
- 1D
- -0.04%
- 1M
- 2.42%
- 6M
- 11.18%
- YTD
- 15.78%
- 1Y
- 21.39%
- 3Y*
- 10.87%
- 5Y*
- 2.60%
- 10Y*
- 4.15%
- ALL TIME*
- 7.52%
VNQ
- 1D
- -0.54%
- 1M
- 0.95%
- 6M
- 11.11%
- YTD
- 14.01%
- 1Y
- 15.59%
- 3Y*
- 9.39%
- 5Y*
- 2.44%
- 10Y*
- 4.90%
- ALL TIME*
- 7.72%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $285.34M | $305.14M | $313.91M |
PURZX vs. VNQ - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
PURZX PGIM Global Real Estate Fund | 15.78% | 9.22% | 3.64% | 11.24% | -26.73% | 27.91% | -4.39% | 20.60% | -5.32% | 10.36% |
VNQ Vanguard Real Estate ETF | 14.01% | 3.24% | 4.81% | 11.85% | -26.25% | 40.54% | -4.61% | 28.91% | -6.03% | 4.90% |
Correlation
The correlation between PURZX and VNQ is 0.89, meaning they have usually moved in the same direction, including during past declines.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.89 |
Correlation (3Y) Balances recent behavior with more history. | 0.93 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.94 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.92 |
Correlation (All Time) Calculated using the full available price history since Sep 29, 2004 | 0.90 |
The correlation between PURZX and VNQ has been stable across timeframes, ranging from 0.89 to 0.94 - a consistent structural relationship.
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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.
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 | VNQ | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.50 | ||
| Sortino ratioReturn per unit of downside risk | +0.62 | ||
| Omega ratioGain probability vs. loss probability | 1.29 | 1.20 | +0.09 |
| Calmar ratioReturn relative to maximum drawdown | 1.96 | 1.84 | +0.12 |
| Martin ratioReturn relative to average drawdown | 7.25 | 5.97 | +1.28 |
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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 | -10.16% | -8.34% | -1.82% |
Max Drawdown (3Y)Largest decline over 3 years | -18.57% | -17.46% | -1.11% |
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 | -0.51% | -1.98% | +1.47% |
Average DrawdownAverage peak-to-trough decline | -11.92% | -13.54% | +1.62% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.74% | 2.57% | +0.17% |
Volatility
PURZX vs. VNQ - Volatility Comparison
The current volatility for PGIM Global Real Estate Fund (PURZX) is 3.34%, while Vanguard Real Estate ETF (VNQ) has a volatility of 4.44%. This indicates that PURZX experiences smaller price fluctuations and is considered to be less risky 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 | 3.34% | 4.44% | -1.10% |
Volatility (6M)Calculated over the trailing 6-month period | 10.01% | 10.70% | -0.69% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.40% | 13.86% | -1.46% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.34% | 18.89% | -2.55% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.27% | 20.76% | -3.49% |
PURZX vs. VNQ - Expense Ratio Comparison
PURZX has a 0.93% expense ratio, which is higher than VNQ's 0.13% expense ratio.
Dividends
PURZX vs. VNQ - Dividend Comparison
PURZX's dividend yield for the trailing twelve months is around 2.59%, less than VNQ's 3.51% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PURZX PGIM Global Real Estate Fund | 2.59% | 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 | 3.51% | 3.92% | 3.85% | 3.95% | 3.91% | 2.56% | 3.93% | 3.39% | 4.74% | 4.23% | 4.82% | 3.92% |
Frequently Asked Questions
PURZX and VNQ have a correlation of 0.89, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
VNQ has higher volatility (4.44%) compared to PURZX (3.34%). In terms of maximum drawdown, PURZX dropped -69.49% vs VNQ's -73.07%.
PURZX currently has the higher Sharpe Ratio (1.62 vs 1.11), 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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