SWASX vs. PRRSX

Last updated Aug 1, 2026

SWASX (Schwab Global Real Estate Fund™) and PRRSX (PIMCO Variable Insurance Trust Real Estate Real Return Strategy Fund) are both REIT funds. Over the past 10 years, SWASX returned 3.56%/yr vs 6.17%/yr for PRRSX. Their correlation of 0.85 means they have usually moved in the same direction. SWASX charges 1.05%/yr vs 0.79%/yr for PRRSX.

Performance

SWASX vs. PRRSX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Schwab Global Real Estate Fund™ (SWASX) and PIMCO Variable Insurance Trust Real Estate Real Return Strategy Fund (PRRSX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, SWASX achieves a 12.73% return, which is significantly lower than PRRSX's 19.93% return. Over the past 10 years, SWASX has underperformed PRRSX with an annualized return of 3.56%, while PRRSX has yielded a comparatively higher 6.17% annualized return.

SWASX

• 1D: -0.13%
• 1M: 2.62%
• 6M: 8.40%
• YTD: 12.73%
• 1Y: 18.75%
• 3Y*: 9.42%
• 5Y*: 1.89%
• 10Y*: 3.56%
• ALL TIME*: 2.69%

PRRSX

• 1D: -1.20%
• 1M: 1.17%
• 6M: 16.23%
• YTD: 19.93%
• 1Y: 25.44%
• 3Y*: 11.80%
• 5Y*: 3.65%
• 10Y*: 6.17%
• ALL TIME*: 10.50%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
PRRSX PIMCO Variable Insurance Trust Real Estate Real Return Strategy Fund	$0.00	$0.00	$0.00
SWASX Schwab Global Real Estate Fund™	$0.00	$0.00	$0.00

SWASX vs. PRRSX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
SWASX Schwab Global Real Estate Fund™	12.73%	11.33%	1.42%	8.49%	-25.10%	25.32%	-12.10%	27.81%	-7.66%	14.38%
PRRSX PIMCO Variable Insurance Trust Real Estate Real Return Strategy Fund	19.93%	5.21%	5.11%	12.30%	-29.37%	53.74%	-3.80%	29.61%	-6.42%	4.32%

Correlation

The correlation between SWASX and PRRSX is 0.89, 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.	0.89
Correlation (3Y) Balances recent behavior with more history.	0.91
Correlation (5Y) Shows whether the relationship held over a longer period.	0.92
Correlation (10Y) Provides a long-term view across more market conditions.	0.89
Correlation (All Time) Calculated using the full available price history since May 31, 2007	0.85

The correlation between SWASX and PRRSX has been stable across timeframes, ranging from 0.85 to 0.92 - a consistent structural relationship.

Return for Risk

SWASX vs. PRRSX — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

SWASX

SWASX Risk / Return Rank: 55
SWASX Sharpe Ratio Rank: 66
SWASX Sortino Ratio Rank: 64
SWASX Omega Ratio Rank: 64
SWASX Calmar Ratio Rank: 40
SWASX Martin Ratio Rank: 42

PRRSX

PRRSX Risk / Return Rank: 69
PRRSX Sharpe Ratio Rank: 67
PRRSX Sortino Ratio Rank: 62
PRRSX Omega Ratio Rank: 62
PRRSX Calmar Ratio Rank: 79
PRRSX Martin Ratio Rank: 77

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

SWASX vs. PRRSX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Schwab Global Real Estate Fund™ (SWASX) and PIMCO Variable Insurance Trust Real Estate Real Return Strategy Fund (PRRSX). 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.

	SWASX	PRRSX	Difference
Sharpe ratio: Return per unit of total volatility	1.53	1.57	-0.04
Sortino ratio: Return per unit of downside risk	2.17	2.15	+0.02
Omega ratio: Gain probability vs. loss probability	1.28	1.28	0.00
Calmar ratio: Return relative to maximum drawdown	1.61	2.58	-0.97
Martin ratio: Return relative to average drawdown	6.03	9.22	-3.19

SWASX vs. PRRSX - Sharpe Ratio Comparison

The current SWASX Sharpe Ratio is 1.53, which is comparable to the PRRSX Sharpe Ratio of 1.57. The chart below compares the historical Sharpe Ratios of SWASX and PRRSX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

SWASX vs. PRRSX - Drawdown Comparison

The maximum SWASX drawdown since its inception was -69.47%, smaller than the maximum PRRSX drawdown of -77.82%. Use the drawdown chart below to compare losses from any high point for SWASX and PRRSX.

Drawdown Indicators

	SWASX	PRRSX	Difference
Max Drawdown Largest peak-to-trough decline	-69.47%	-77.82%	+8.35%
Max Drawdown (1Y) Largest decline over 1 year	-10.89%	-9.05%	-1.84%
Max Drawdown (3Y) Largest decline over 3 years	-17.23%	-17.54%	+0.31%
Max Drawdown (5Y) Largest decline over 5 years	-32.31%	-37.14%	+4.83%
Max Drawdown (10Y) Largest decline over 10 years	-44.19%	-45.75%	+1.56%
Current Drawdown Current decline from peak	-0.27%	-2.02%	+1.75%
Average Drawdown Average peak-to-trough decline	-15.39%	-13.00%	-2.39%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.91%	2.60%	+0.31%

Volatility

SWASX vs. PRRSX - Volatility Comparison

The current volatility for Schwab Global Real Estate Fund™ (SWASX) is 2.88%, while PIMCO Variable Insurance Trust Real Estate Real Return Strategy Fund (PRRSX) has a volatility of 4.71%. This indicates that SWASX experiences smaller price fluctuations and is considered to be less risky than PRRSX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	SWASX	PRRSX	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.88%	4.71%	-1.83%
Volatility (6M) Calculated over the trailing 6-month period	9.31%	11.61%	-2.30%
Volatility (1Y) Calculated over the trailing 1-year period	11.51%	15.02%	-3.51%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.46%	20.28%	-4.82%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.05%	21.92%	-4.87%

SWASX vs. PRRSX - Expense Ratio Comparison

SWASX has a 1.05% expense ratio, which is higher than PRRSX's 0.79% expense ratio.

Dividends

SWASX vs. PRRSX - Dividend Comparison

SWASX's dividend yield for the trailing twelve months is around 3.28%, more than PRRSX's 1.43% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
PRRSX PIMCO Variable Insurance Trust Real Estate Real Return Strategy Fund	1.43%	2.19%	0.61%	0.00%	18.62%	34.01%	7.21%	7.99%	0.81%	1.67%	0.66%	8.38%
SWASX Schwab Global Real Estate Fund™	3.28%	3.11%	3.32%	3.29%	3.00%	3.71%	2.94%	7.38%	4.24%	3.32%	4.67%	3.00%

Frequently Asked Questions

Can I hold both SWASX and PRRSX in my portfolio?

SWASX and PRRSX have a correlation of 0.89, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, SWASX or PRRSX?

PRRSX has higher volatility (4.71%) compared to SWASX (2.88%). In terms of maximum drawdown, SWASX dropped -69.47% vs PRRSX's -77.82%.

Which has better risk-adjusted returns?

PRRSX currently has the higher Sharpe Ratio (1.57 vs 1.53), 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.