TRSSX vs. PJEZX
TRSSX (T. Rowe Price Institutional Small Cap Stock Fund) and PJEZX (PGIM US Real Estate Fund) are both mutual funds - TRSSX is a Small Cap Growth Equities fund managed by T. Rowe Price, while PJEZX is a REIT fund managed by PGIM. Over the past 10 years, TRSSX returned 11.44%/yr vs 8.76%/yr for PJEZX. Their 0.62 correlation means they have sometimes moved together and sometimes differently. TRSSX charges 0.66%/yr vs 1.00%/yr for PJEZX.
Performance
TRSSX vs. PJEZX - Performance Comparison
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Returns By Period
In the year-to-date period, TRSSX achieves a 13.25% return, which is significantly lower than PJEZX's 21.10% return. Over the past 10 years, TRSSX has outperformed PJEZX with an annualized return of 11.44%, while PJEZX has yielded a comparatively lower 8.76% annualized return.
TRSSX
- 1D
- -0.79%
- 1M
- -4.00%
- 6M
- 7.14%
- YTD
- 13.25%
- 1Y
- 23.14%
- 3Y*
- 12.17%
- 5Y*
- 4.76%
- 10Y*
- 11.44%
- ALL TIME*
- 10.21%
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 |
TRSSX vs. PJEZX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
TRSSX T. Rowe Price Institutional Small Cap Stock Fund | 13.25% | 8.21% | 10.93% | 17.65% | -23.36% | 16.81% | 25.07% | 33.96% | -3.07% | 15.41% |
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 TRSSX and PJEZX is 0.48, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.48 |
Correlation (3Y) Balances recent behavior with more history. | 0.58 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.64 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.59 |
Correlation (All Time) Calculated using the full available price history since Dec 21, 2010 | 0.62 |
The correlation between TRSSX and PJEZX shifts across timeframes, from 0.48 (1 year) to 0.64 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
TRSSX vs. PJEZX — Risk / Return Rank
TRSSX
PJEZX
TRSSX vs. PJEZX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for T. Rowe Price Institutional Small Cap Stock Fund (TRSSX) 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.
| TRSSX | PJEZX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.60 | ||
| Sortino ratioReturn per unit of downside risk | -0.62 | ||
| Omega ratioGain probability vs. loss probability | 1.21 | 1.31 | -0.09 |
| Calmar ratioReturn relative to maximum drawdown | 2.08 | 3.42 | -1.34 |
| Martin ratioReturn relative to average drawdown | 7.26 | 10.55 | -3.29 |
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Drawdowns
TRSSX vs. PJEZX - Drawdown Comparison
The maximum TRSSX drawdown since its inception was -56.38%, which is greater than PJEZX's maximum drawdown of -43.43%. Use the drawdown chart below to compare losses from any high point for TRSSX and PJEZX.
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Drawdown Indicators
| TRSSX | PJEZX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -56.38% | -43.43% | -12.95% |
Max Drawdown (1Y)Largest decline over 1 year | -10.73% | -7.32% | -3.41% |
Max Drawdown (3Y)Largest decline over 3 years | -30.88% | -19.19% | -11.69% |
Max Drawdown (5Y)Largest decline over 5 years | -32.12% | -34.60% | +2.48% |
Max Drawdown (10Y)Largest decline over 10 years | -37.85% | -43.43% | +5.58% |
Current DrawdownCurrent decline from peak | -5.83% | -3.28% | -2.55% |
Average DrawdownAverage peak-to-trough decline | -8.96% | -8.04% | -0.92% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.06% | 2.37% | +0.69% |
Volatility
TRSSX vs. PJEZX - Volatility Comparison
T. Rowe Price Institutional Small Cap Stock Fund (TRSSX) and PGIM US Real Estate Fund (PJEZX) have volatilities of 4.86% and 4.79%, 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.
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Volatility by Period
| TRSSX | PJEZX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.86% | 4.79% | +0.07% |
Volatility (6M)Calculated over the trailing 6-month period | 14.63% | 11.04% | +3.59% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.91% | 14.15% | +4.76% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 22.35% | 18.92% | +3.43% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.57% | 21.20% | +0.37% |
TRSSX vs. PJEZX - Expense Ratio Comparison
TRSSX has a 0.66% expense ratio, which is lower than PJEZX's 1.00% expense ratio.
Dividends
TRSSX vs. PJEZX - Dividend Comparison
TRSSX's dividend yield for the trailing twelve months is around 9.33%, 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% |
TRSSX T. Rowe Price Institutional Small Cap Stock Fund | 9.33% | 10.57% | 19.63% | 5.45% | 5.37% | 8.52% | 4.54% | 6.13% | 13.45% | 6.53% | 0.80% | 7.07% |
Frequently Asked Questions
TRSSX and PJEZX have a correlation of 0.48, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
TRSSX has higher volatility (4.86%) compared to PJEZX (4.79%). In terms of maximum drawdown, TRSSX dropped -56.38% vs PJEZX's -43.43%.
PJEZX currently has the higher Sharpe Ratio (1.78 vs 1.18), 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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