SREZX vs. PURZX

Last updated Jun 5, 2026

SREZX (PGIM Select Real Estate Fund) and PURZX (PGIM Global Real Estate Fund) are both REIT funds from PGIM. Over the past 10 years, SREZX returned 6.89%/yr vs 4.13%/yr for PURZX. With a 0.98 correlation, they move nearly in lockstep. SREZX charges 1.01%/yr vs 0.93%/yr for PURZX.

Performance

SREZX vs. PURZX - Performance Comparison

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

Returns By Period

In the year-to-date period, SREZX achieves a 8.80% return, which is significantly higher than PURZX's 8.14% return. Over the past 10 years, SREZX has outperformed PURZX with an annualized return of 6.89%, while PURZX has yielded a comparatively lower 4.13% annualized return.

SREZX

• 1D: -0.27%
• 1M: -2.84%
• YTD: 8.80%
• 6M: 8.22%
• 1Y: 12.21%
• 3Y*: 10.81%
• 5Y*: 3.07%
• 10Y*: 6.89%

PURZX

• 1D: -0.27%
• 1M: -2.86%
• YTD: 8.14%
• 6M: 7.75%
• 1Y: 12.31%
• 3Y*: 9.80%
• 5Y*: 1.92%
• 10Y*: 4.13%

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

SREZX vs. PURZX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
SREZX PGIM Select Real Estate Fund	8.80%	7.31%	6.58%	13.02%	-26.16%	28.83%	3.63%	30.87%	-4.12%	10.38%
PURZX PGIM Global Real Estate Fund	8.14%	9.22%	3.64%	11.24%	-26.73%	27.91%	-4.39%	20.60%	-5.32%	10.36%

Correlation

The correlation between SREZX and PURZX is 0.99 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.99
Correlation (3Y) Calculated over the trailing 3-year period	0.99
Correlation (5Y) Calculated over the trailing 5-year period	0.99
Correlation (10Y) Calculated over the trailing 10-year period	0.98
Correlation (All Time) Calculated using the full available price history since Aug 5, 2014	0.98

The correlation between SREZX and PURZX has been stable across timeframes, ranging from 0.98 to 0.99 - a consistent structural relationship.

Return for Risk

SREZX vs. PURZX — Risk / Return Rank

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

SREZX

SREZX Risk / Return Rank: 15
SREZX Sharpe Ratio Rank: 14
SREZX Sortino Ratio Rank: 13
SREZX Omega Ratio Rank: 14
SREZX Calmar Ratio Rank: 15
SREZX Martin Ratio Rank: 17

PURZX

PURZX Risk / Return Rank: 15
PURZX Sharpe Ratio Rank: 14
PURZX Sortino Ratio Rank: 13
PURZX Omega Ratio Rank: 14
PURZX Calmar Ratio Rank: 14
PURZX Martin Ratio Rank: 17

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. PURZX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for PGIM Select Real Estate Fund (SREZX) and PGIM Global Real Estate Fund (PURZX). 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	PURZX	Difference
Sharpe ratio: Return per unit of total volatility	1.02	1.03	-0.01
Sortino ratio: Return per unit of downside risk	1.45	1.47	-0.02
Omega ratio: Gain probability vs. loss probability	1.18	1.19	0.00
Calmar ratio: Return relative to maximum drawdown	1.29	1.23	+0.07
Martin ratio: Return relative to average drawdown	4.52	4.55	-0.04
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. PURZX - Sharpe Ratio Comparison

The current SREZX Sharpe Ratio is 1.02, which is comparable to the PURZX Sharpe Ratio of 1.03. The chart below compares the historical Sharpe Ratios of SREZX and PURZX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	SREZX	PURZX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.02	1.03	-0.01
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.19	0.12	+0.07
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.40	0.24	+0.16
Sharpe Ratio (All Time) Calculated using the full available price history	0.39	0.37	+0.02

Drawdowns

SREZX vs. PURZX - Drawdown Comparison

The maximum SREZX drawdown since its inception was -39.13%, smaller than the maximum PURZX drawdown of -69.49%. Use the drawdown chart below to compare losses from any high point for SREZX and PURZX.

Drawdown Indicators

	SREZX	PURZX	Difference
Max Drawdown Largest peak-to-trough decline	-39.13%	-69.49%	+30.36%
Max Drawdown (1Y) Largest decline over 1 year	-9.60%	-10.16%	+0.56%
Max Drawdown (3Y) Largest decline over 3 years	-18.15%	-18.57%	+0.42%
Max Drawdown (5Y) Largest decline over 5 years	-34.10%	-34.80%	+0.70%
Max Drawdown (10Y) Largest decline over 10 years	-39.13%	-41.05%	+1.92%
Current Drawdown Current decline from peak	-4.23%	-4.21%	-0.02%
Average Drawdown Average peak-to-trough decline	-7.78%	-11.98%	+4.20%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.75%	2.73%	+0.02%

Volatility

SREZX vs. PURZX - Volatility Comparison

PGIM Select Real Estate Fund (SREZX) and PGIM Global Real Estate Fund (PURZX) have volatilities of 3.49% and 3.56%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	SREZX	PURZX	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.49%	3.56%	-0.07%
Volatility (6M) Calculated over the trailing 6-month period	9.15%	9.10%	+0.05%
Volatility (1Y) Calculated over the trailing 1-year period	12.18%	12.09%	+0.09%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.46%	16.35%	+0.11%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.33%	17.28%	+0.05%

SREZX vs. PURZX - Expense Ratio Comparison

SREZX has a 1.01% expense ratio, which is higher than PURZX's 0.93% expense ratio.

Dividends

SREZX vs. PURZX - Dividend Comparison

SREZX's dividend yield for the trailing twelve months is around 2.28%, less than PURZX's 2.77% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
PURZX PGIM Global Real Estate Fund	2.77%	2.85%	2.68%	2.27%	2.22%	16.92%	1.71%	10.18%	4.22%	3.93%	4.67%	3.45%
SREZX PGIM Select Real Estate Fund	2.28%	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

Can I hold both SREZX and PURZX in my portfolio?

With a correlation of 0.99, SREZX and PURZX move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which is riskier, SREZX or PURZX?

PURZX has higher volatility (3.56%) compared to SREZX (3.49%). In terms of maximum drawdown, SREZX dropped -39.13% vs PURZX's -69.49%.

Which has better risk-adjusted returns?

PURZX currently has the higher Sharpe Ratio (1.03 vs 1.02), 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.