SREZX vs. FIREX
SREZX (PGIM Select Real Estate Fund) and FIREX (Fidelity International Real Estate Fund) are both REIT funds. Over the past 10 years, SREZX returned 7.21%/yr vs 3.75%/yr for FIREX. A 0.69 correlation means they provide meaningful diversification when combined. SREZX charges 1.01%/yr vs 0.95%/yr for FIREX.
Performance
SREZX vs. FIREX - Performance Comparison
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Returns By Period
In the year-to-date period, SREZX achieves a 10.65% return, which is significantly higher than FIREX's -4.06% return. Over the past 10 years, SREZX has outperformed FIREX with an annualized return of 7.21%, while FIREX has yielded a comparatively lower 3.75% annualized return.
SREZX
- 1D
- 0.81%
- 1M
- -0.86%
- YTD
- 10.65%
- 6M
- 10.81%
- 1Y
- 11.87%
- 3Y*
- 12.77%
- 5Y*
- 3.17%
- 10Y*
- 7.21%
FIREX
- 1D
- 0.00%
- 1M
- -1.84%
- YTD
- -4.06%
- 6M
- -3.79%
- 1Y
- 1.91%
- 3Y*
- 4.44%
- 5Y*
- -3.57%
- 10Y*
- 3.75%
SREZX vs. FIREX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SREZX PGIM Select Real Estate Fund | 10.65% | 7.31% | 6.58% | 13.02% | -26.16% | 28.83% | 3.63% | 30.87% | -4.12% | 10.38% |
FIREX Fidelity International Real Estate Fund | -4.06% | 22.85% | -9.46% | 4.01% | -26.61% | 11.85% | 5.71% | 27.96% | -6.15% | 24.61% |
Correlation
The correlation between SREZX and FIREX is 0.70, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.70 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.70 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.74 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.69 |
Correlation (All Time) Calculated using the full available price history since Aug 4, 2014 | 0.69 |
The correlation between SREZX and FIREX has been stable across timeframes, ranging from 0.69 to 0.74 - a consistent structural relationship.
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Return for Risk
SREZX vs. FIREX — Risk / Return Rank
SREZX
FIREX
SREZX vs. FIREX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for PGIM Select Real Estate Fund (SREZX) and Fidelity International Real Estate Fund (FIREX). 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.
| SREZX | FIREX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.86 | ||
| Sortino ratioReturn per unit of downside risk | +1.13 | ||
| Omega ratioGain probability vs. loss probability | 1.19 | 1.05 | +0.15 |
| Calmar ratioReturn relative to maximum drawdown | 1.39 | 0.18 | +1.21 |
| Martin ratioReturn relative to average drawdown | 4.72 | 0.43 | +4.29 |
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Drawdowns
SREZX vs. FIREX - Drawdown Comparison
The maximum SREZX drawdown since its inception was -39.13%, smaller than the maximum FIREX drawdown of -71.40%. Use the drawdown chart below to compare losses from any high point for SREZX and FIREX.
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Drawdown Indicators
| SREZX | FIREX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -39.13% | -71.40% | +32.27% |
Max Drawdown (1Y)Largest decline over 1 year | -9.60% | -14.00% | +4.40% |
Max Drawdown (3Y)Largest decline over 3 years | -18.15% | -18.06% | -0.09% |
Max Drawdown (5Y)Largest decline over 5 years | -34.10% | -37.14% | +3.04% |
Max Drawdown (10Y)Largest decline over 10 years | -39.13% | -37.14% | -1.99% |
Current DrawdownCurrent decline from peak | -2.60% | -20.81% | +18.21% |
Average DrawdownAverage peak-to-trough decline | -7.76% | -18.73% | +10.97% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.82% | 5.78% | -2.96% |
Volatility
SREZX vs. FIREX - Volatility Comparison
PGIM Select Real Estate Fund (SREZX) has a higher volatility of 3.92% compared to Fidelity International Real Estate Fund (FIREX) at 3.43%. This indicates that SREZX's price experiences larger fluctuations and is considered to be riskier than FIREX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SREZX | FIREX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.92% | 3.43% | +0.49% |
Volatility (6M)Calculated over the trailing 6-month period | 9.53% | 10.06% | -0.53% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.49% | 12.22% | +0.27% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.45% | 13.71% | +2.74% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.35% | 13.74% | +3.61% |
SREZX vs. FIREX - Expense Ratio Comparison
SREZX has a 1.01% expense ratio, which is higher than FIREX's 0.95% expense ratio.
Dividends
SREZX vs. FIREX - Dividend Comparison
SREZX's dividend yield for the trailing twelve months is around 2.25%, less than FIREX's 3.09% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FIREX Fidelity International Real Estate Fund | 3.09% | 2.97% | 5.27% | 1.86% | 4.44% | 5.44% | 1.77% | 5.10% | 2.01% | 1.46% | 4.14% | 2.87% |
SREZX PGIM Select Real Estate Fund | 2.25% | 2.50% | 2.55% | 2.81% | 1.59% | 4.54% | 2.12% | 3.41% | 4.58% | 1.36% | 4.15% | 6.11% |
Frequently Asked Questions
SREZX and FIREX have a correlation of 0.70, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SREZX has higher volatility (3.92%) compared to FIREX (3.43%). In terms of maximum drawdown, SREZX dropped -39.13% vs FIREX's -71.40%.
SREZX currently has the higher Sharpe Ratio (1.07 vs 0.21), 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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