SREZX vs. HYSZX

Last updated Apr 2, 2026

Compare and contrast key facts about PGIM Select Real Estate Fund (SREZX) and PGIM Short Duration High Yield Income Fund (HYSZX).

SREZX is managed by PGIM. It was launched on Jul 31, 2014. HYSZX is managed by PGIM. It was launched on Oct 26, 2012.

Performance

SREZX vs. HYSZX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in PGIM Select Real Estate Fund (SREZX) and PGIM Short Duration High Yield Income Fund (HYSZX). The values are adjusted to include any dividend payments, if applicable.

SREZX vs. HYSZX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
SREZX PGIM Select Real Estate Fund	3.98%	7.31%	6.58%	13.02%	-26.16%	28.83%	3.63%	30.87%	-4.12%	10.38%
HYSZX PGIM Short Duration High Yield Income Fund	-0.70%	7.84%	6.49%	9.57%	-6.46%	5.48%	4.19%	11.78%	1.20%	4.80%

Returns By Period

In the year-to-date period, SREZX achieves a 3.98% return, which is significantly higher than HYSZX's -0.70% return. Over the past 10 years, SREZX has outperformed HYSZX with an annualized return of 6.51%, while HYSZX has yielded a comparatively lower 4.90% annualized return.

SREZX

• 1D: 1.88%
• 1M: -7.59%
• YTD: 3.98%
• 6M: 1.89%
• 1Y: 11.49%
• 3Y*: 9.24%
• 5Y*: 3.63%
• 10Y*: 6.51%

HYSZX

• 1D: 0.36%
• 1M: -1.19%
• YTD: -0.70%
• 6M: 0.47%
• 1Y: 5.26%
• 3Y*: 6.72%
• 5Y*: 3.86%
• 10Y*: 4.90%

*Multi-year figures are annualized to reflect compound growth (CAGR)

SREZX vs. HYSZX - Expense Ratio Comparison

SREZX has a 1.01% expense ratio, which is higher than HYSZX's 0.75% expense ratio.

SREZX

PGIM Select Real Estate Fund

HYSZX

PGIM Short Duration High Yield Income Fund

Return for Risk

SREZX vs. HYSZX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

SREZX

SREZX Risk / Return Rank: 33
SREZX Sharpe Ratio Rank: 33
SREZX Sortino Ratio Rank: 31
SREZX Omega Ratio Rank: 28
SREZX Calmar Ratio Rank: 37
SREZX Martin Ratio Rank: 37

HYSZX

HYSZX Risk / Return Rank: 90
HYSZX Sharpe Ratio Rank: 88
HYSZX Sortino Ratio Rank: 91
HYSZX Omega Ratio Rank: 91
HYSZX Calmar Ratio Rank: 88
HYSZX Martin Ratio Rank: 89

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

SREZX vs. HYSZX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for PGIM Select Real Estate Fund (SREZX) and PGIM Short Duration High Yield Income Fund (HYSZX). 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.

	SREZX	HYSZX	Difference
Sharpe ratio Return per unit of total volatility	0.82	1.80	-0.98
Sortino ratio Return per unit of downside risk	1.19	2.68	-1.49
Omega ratio Gain probability vs. loss probability	1.16	1.43	-0.26
Calmar ratio Return relative to maximum drawdown	1.13	2.45	-1.32
Martin ratio Return relative to average drawdown	4.34	10.13	-5.79
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

SREZX vs. HYSZX - Sharpe Ratio Comparison

The current SREZX Sharpe Ratio is 0.82, which is lower than the HYSZX Sharpe Ratio of 1.80. The chart below compares the historical Sharpe Ratios of SREZX and HYSZX, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	SREZX	HYSZX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.82	1.80	-0.98
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.22	1.02	-0.79
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.38	1.17	-0.79
Sharpe Ratio (All Time) Calculated using the full available price history	0.37	1.13	-0.76

Correlation

The correlation between SREZX and HYSZX is 0.39, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.

Dividends

SREZX vs. HYSZX - Dividend Comparison

SREZX's dividend yield for the trailing twelve months is around 2.41%, less than HYSZX's 5.93% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
SREZX PGIM Select Real Estate Fund	2.41%	2.50%	2.55%	2.81%	1.59%	4.54%	2.12%	3.41%	4.58%	1.36%	4.15%	6.11%
HYSZX PGIM Short Duration High Yield Income Fund	5.93%	6.45%	6.27%	4.84%	5.01%	4.56%	5.00%	5.60%	5.94%	5.73%	6.33%	6.76%

Drawdowns

SREZX vs. HYSZX - Drawdown Comparison

The maximum SREZX drawdown since its inception was -39.13%, which is greater than HYSZX's maximum drawdown of -18.31%. Use the drawdown chart below to compare losses from any high point for SREZX and HYSZX.

Drawdown Indicators

	SREZX	HYSZX	Difference
Max Drawdown Largest peak-to-trough decline	-39.13%	-18.31%	-20.82%
Max Drawdown (1Y) Largest decline over 1 year	-10.81%	-2.39%	-8.42%
Max Drawdown (5Y) Largest decline over 5 years	-34.10%	-9.77%	-24.33%
Max Drawdown (10Y) Largest decline over 10 years	-39.13%	-18.31%	-20.82%
Current Drawdown Current decline from peak	-7.77%	-1.42%	-6.35%
Average Drawdown Average peak-to-trough decline	-7.86%	-1.20%	-6.66%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.82%	0.58%	+2.24%

Volatility

SREZX vs. HYSZX - Volatility Comparison

PGIM Select Real Estate Fund (SREZX) has a higher volatility of 5.19% compared to PGIM Short Duration High Yield Income Fund (HYSZX) at 1.11%. This indicates that SREZX's price experiences larger fluctuations and is considered to be riskier than HYSZX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	SREZX	HYSZX	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.19%	1.11%	+4.08%
Volatility (6M) Calculated over the trailing 6-month period	8.72%	1.94%	+6.78%
Volatility (1Y) Calculated over the trailing 1-year period	14.64%	3.10%	+11.54%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.43%	3.83%	+12.60%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.31%	4.21%	+13.10%