SAREX vs. PJEZX
SAREX (SA Real Estate Securities Fund) and PJEZX (PGIM US Real Estate Fund) are both REIT funds. Over the past 10 years, SAREX returned 4.74%/yr vs 8.76%/yr for PJEZX. Their 0.95 correlation means they have historically moved very closely together. SAREX charges 0.75%/yr vs 1.00%/yr for PJEZX.
Performance
SAREX vs. PJEZX - Performance Comparison
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Returns By Period
In the year-to-date period, SAREX achieves a 17.15% return, which is significantly lower than PJEZX's 21.10% return. Over the past 10 years, SAREX has underperformed PJEZX with an annualized return of 4.74%, while PJEZX has yielded a comparatively higher 8.76% annualized return.
SAREX
- 1D
- -0.54%
- 1M
- 0.71%
- 6M
- 15.47%
- YTD
- 17.15%
- 1Y
- 18.22%
- 3Y*
- 9.37%
- 5Y*
- 2.51%
- 10Y*
- 4.74%
- ALL TIME*
- 6.35%
PJEZX
- 1D
- -0.91%
- 1M
- 0.56%
- 6M
- 18.63%
- YTD
- 21.10%
- 1Y
- 25.50%
- 3Y*
- 13.51%
- 5Y*
- 5.94%
- 10Y*
- 8.76%
- ALL TIME*
- 9.95%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $0.00 | $0.00 | $0.00 |
SAREX vs. PJEZX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SAREX SA Real Estate Securities Fund | 17.15% | 0.73% | 4.61% | 10.60% | -25.42% | 40.94% | -6.22% | 26.91% | -4.00% | 4.61% |
PJEZX PGIM US Real Estate Fund | 21.10% | 2.49% | 13.08% | 15.85% | -27.26% | 48.32% | -4.86% | 44.30% | -3.54% | 5.60% |
Correlation
The correlation between SAREX and PJEZX is 0.85, 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. | 0.85 |
Correlation (3Y) Balances recent behavior with more history. | 0.88 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.92 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.93 |
Correlation (All Time) Calculated using the full available price history since Dec 21, 2010 | 0.95 |
The correlation between SAREX and PJEZX shifts across timeframes, from 0.85 (1 year) to 0.95 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
SAREX vs. PJEZX — Risk / Return Rank
SAREX
PJEZX
SAREX vs. PJEZX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for SA Real Estate Securities Fund (SAREX) 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.
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.
| SAREX | PJEZX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.01 | ||
| Sortino ratioReturn per unit of downside risk | -1.23 | ||
| Omega ratioGain probability vs. loss probability | 1.24 | 1.31 | -0.07 |
| Calmar ratioReturn relative to maximum drawdown | 1.44 | 3.42 | -1.98 |
| Martin ratioReturn relative to average drawdown | 5.27 | 10.55 | -5.28 |
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Drawdowns
SAREX vs. PJEZX - Drawdown Comparison
The maximum SAREX drawdown since its inception was -68.50%, which is greater than PJEZX's maximum drawdown of -43.43%. Use the drawdown chart below to compare losses from any high point for SAREX and PJEZX.
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Drawdown Indicators
| SAREX | PJEZX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -68.50% | -43.43% | -25.07% |
Max Drawdown (1Y)Largest decline over 1 year | -13.63% | -7.32% | -6.31% |
Max Drawdown (3Y)Largest decline over 3 years | -18.07% | -19.19% | +1.12% |
Max Drawdown (5Y)Largest decline over 5 years | -33.87% | -34.60% | +0.73% |
Max Drawdown (10Y)Largest decline over 10 years | -41.56% | -43.43% | +1.87% |
Current DrawdownCurrent decline from peak | -2.21% | -3.28% | +1.07% |
Average DrawdownAverage peak-to-trough decline | -12.47% | -8.04% | -4.43% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.74% | 2.37% | +1.37% |
Volatility
SAREX vs. PJEZX - Volatility Comparison
The current volatility for SA Real Estate Securities Fund (SAREX) is 4.54%, while PGIM US Real Estate Fund (PJEZX) has a volatility of 4.79%. This indicates that SAREX 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
| SAREX | PJEZX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.54% | 4.79% | -0.25% |
Volatility (6M)Calculated over the trailing 6-month period | 23.23% | 11.04% | +12.19% |
Volatility (1Y)Calculated over the trailing 1-year period | 25.51% | 14.15% | +11.36% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.43% | 18.92% | +2.51% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.84% | 21.20% | +0.64% |
SAREX vs. PJEZX - Expense Ratio Comparison
SAREX has a 0.75% expense ratio, which is lower than PJEZX's 1.00% expense ratio.
Dividends
SAREX vs. PJEZX - Dividend Comparison
SAREX's dividend yield for the trailing twelve months is around 2.75%, more than PJEZX's 1.56% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PJEZX PGIM US Real Estate Fund | 1.56% | 2.05% | 1.93% | 1.65% | 3.21% | 9.54% | 1.56% | 13.21% | 5.43% | 6.31% | 15.48% | 9.39% |
SAREX SA Real Estate Securities Fund | 2.75% | 3.22% | 3.22% | 3.04% | 7.62% | 8.33% | 3.87% | 4.29% | 3.98% | 2.90% | 3.67% | 1.80% |
Frequently Asked Questions
SAREX and PJEZX have a correlation of 0.85, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
PJEZX has higher volatility (4.79%) compared to SAREX (4.54%). In terms of maximum drawdown, SAREX dropped -68.50% vs PJEZX's -43.43%.
PJEZX currently has the higher Sharpe Ratio (1.78 vs 0.77), 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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