RAAIX vs. PJEZX
Compare and contrast key facts about Altegris/AACA Opportunistic Real Estate Fund (RAAIX) and PGIM US Real Estate Fund (PJEZX).
RAAIX is managed by Altegris. It was launched on Jan 8, 2014. PJEZX is managed by PGIM. It was launched on Dec 21, 2010.
Performance
RAAIX vs. PJEZX - Performance Comparison
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RAAIX vs. PJEZX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
RAAIX Altegris/AACA Opportunistic Real Estate Fund | 0.00% | -21.97% | 3.16% | 11.46% | -40.13% | 9.01% | 28.69% | 46.41% | -18.19% | 24.01% |
PJEZX PGIM US Real Estate Fund | 4.16% | 2.49% | 13.08% | 15.85% | -27.26% | 48.32% | -4.86% | 44.30% | -3.54% | 5.60% |
Returns By Period
Over the past 10 years, RAAIX has underperformed PJEZX with an annualized return of 2.32%, while PJEZX has yielded a comparatively higher 7.97% annualized return.
RAAIX
- 1D
- 0.00%
- 1M
- 0.00%
- YTD
- 0.00%
- 6M
- -1.00%
- 1Y
- -1.91%
- 3Y*
- -5.53%
- 5Y*
- -10.55%
- 10Y*
- 2.32%
PJEZX
- 1D
- 0.19%
- 1M
- -6.50%
- YTD
- 4.16%
- 6M
- 2.24%
- 1Y
- 6.37%
- 3Y*
- 10.22%
- 5Y*
- 6.49%
- 10Y*
- 7.97%
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RAAIX vs. PJEZX - Expense Ratio Comparison
RAAIX has a 1.92% expense ratio, which is higher than PJEZX's 1.00% expense ratio.
Return for Risk
RAAIX vs. PJEZX — Risk / Return Rank
RAAIX
PJEZX
RAAIX vs. PJEZX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Altegris/AACA Opportunistic Real Estate Fund (RAAIX) and PGIM US Real Estate Fund (PJEZX). 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.
| RAAIX | PJEZX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | -0.12 | 0.44 | -0.56 |
Sortino ratioReturn per unit of downside risk | -0.02 | 0.71 | -0.73 |
Omega ratioGain probability vs. loss probability | 1.00 | 1.10 | -0.10 |
Calmar ratioReturn relative to maximum drawdown | -0.60 | 0.56 | -1.16 |
Martin ratioReturn relative to average drawdown | -1.06 | 2.43 | -3.49 |
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
| RAAIX | PJEZX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.12 | 0.44 | -0.56 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.46 | 0.34 | -0.80 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.10 | 0.38 | -0.27 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.25 | 0.45 | -0.19 |
Correlation
The correlation between RAAIX and PJEZX is 0.68, 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.
Dividends
RAAIX vs. PJEZX - Dividend Comparison
RAAIX's dividend yield for the trailing twelve months is around 0.61%, less than PJEZX's 1.92% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
RAAIX Altegris/AACA Opportunistic Real Estate Fund | 0.61% | 1.02% | 0.98% | 0.00% | 7.68% | 12.92% | 7.58% | 2.20% | 4.05% | 0.45% | 0.38% | 5.08% |
PJEZX PGIM US Real Estate Fund | 1.92% | 2.05% | 1.93% | 1.65% | 3.21% | 9.54% | 1.56% | 13.21% | 5.43% | 6.31% | 15.48% | 9.39% |
Drawdowns
RAAIX vs. PJEZX - Drawdown Comparison
The maximum RAAIX drawdown since its inception was -56.06%, which is greater than PJEZX's maximum drawdown of -43.43%. Use the drawdown chart below to compare losses from any high point for RAAIX and PJEZX.
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Drawdown Indicators
| RAAIX | PJEZX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -56.06% | -43.43% | -12.63% |
Max Drawdown (1Y)Largest decline over 1 year | -16.70% | -13.12% | -3.58% |
Max Drawdown (5Y)Largest decline over 5 years | -56.06% | -34.60% | -21.46% |
Max Drawdown (10Y)Largest decline over 10 years | -56.06% | -43.43% | -12.63% |
Current DrawdownCurrent decline from peak | -48.95% | -7.15% | -41.80% |
Average DrawdownAverage peak-to-trough decline | -15.92% | -8.19% | -7.73% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 16.48% | 3.03% | +13.45% |
Volatility
RAAIX vs. PJEZX - Volatility Comparison
The current volatility for Altegris/AACA Opportunistic Real Estate Fund (RAAIX) is 0.00%, while PGIM US Real Estate Fund (PJEZX) has a volatility of 4.73%. This indicates that RAAIX experiences smaller price fluctuations and is considered to be less risky than PJEZX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| RAAIX | PJEZX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.00% | 4.73% | -4.73% |
Volatility (6M)Calculated over the trailing 6-month period | 6.48% | 9.36% | -2.88% |
Volatility (1Y)Calculated over the trailing 1-year period | 21.92% | 17.02% | +4.90% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 23.61% | 18.92% | +4.69% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 22.77% | 21.14% | +1.63% |