UEIIX vs. PUDZX

Last updated Jul 21, 2026

UEIIX (Invesco V.I. Equity and Income Fund) and PUDZX (PGIM Real Assets Fund) are both Diversified Portfolio funds. Over the past 10 years, UEIIX returned 8.92%/yr vs 6.62%/yr for PUDZX. A 0.64 correlation means they provide meaningful diversification when combined. UEIIX charges 0.81%/yr vs 0.25%/yr for PUDZX.

Performance

UEIIX vs. PUDZX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Invesco V.I. Equity and Income Fund (UEIIX) and PGIM Real Assets Fund (PUDZX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, UEIIX achieves a 7.06% return, which is significantly lower than PUDZX's 13.05% return. Over the past 10 years, UEIIX has outperformed PUDZX with an annualized return of 8.92%, while PUDZX has yielded a comparatively lower 6.62% annualized return.

UEIIX

• 1D: -0.46%
• 1M: 0.57%
• 6M: 4.47%
• YTD: 7.06%
• 1Y: 13.86%
• 3Y*: 12.18%
• 5Y*: 7.80%
• 10Y*: 8.92%
• ALL TIME*: 8.12%

PUDZX

• 1D: 0.47%
• 1M: 2.38%
• 6M: 9.49%
• YTD: 13.05%
• 1Y: 19.99%
• 3Y*: 12.34%
• 5Y*: 8.18%
• 10Y*: 6.62%
• ALL TIME*: 4.84%

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

UEIIX vs. PUDZX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
UEIIX Invesco V.I. Equity and Income Fund	7.06%	12.55%	11.92%	10.23%	-7.72%	18.37%	9.74%	19.96%	-9.69%	10.78%
PUDZX PGIM Real Assets Fund	13.05%	13.40%	8.61%	3.26%	-2.76%	18.49%	4.84%	16.29%	-9.20%	6.22%

Correlation

The correlation between UEIIX and PUDZX is 0.47, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.47
Correlation (3Y) Calculated over the trailing 3-year period	0.61
Correlation (5Y) Calculated over the trailing 5-year period	0.68
Correlation (10Y) Calculated over the trailing 10-year period	0.62
Correlation (All Time) Calculated using the full available price history since Jan 3, 2011	0.64

The correlation between UEIIX and PUDZX shifts across timeframes, from 0.47 (1 year) to 0.68 (5 years), reflecting how their relationship changes across market environments.

Return for Risk

UEIIX vs. PUDZX — Risk / Return Rank

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

UEIIX

UEIIX Risk / Return Rank: 67
UEIIX Sharpe Ratio Rank: 65
UEIIX Sortino Ratio Rank: 65
UEIIX Omega Ratio Rank: 63
UEIIX Calmar Ratio Rank: 68
UEIIX Martin Ratio Rank: 74

PUDZX

PUDZX Risk / Return Rank: 89
PUDZX Sharpe Ratio Rank: 92
PUDZX Sortino Ratio Rank: 87
PUDZX Omega Ratio Rank: 86
PUDZX Calmar Ratio Rank: 93
PUDZX Martin Ratio Rank: 87

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.

UEIIX vs. PUDZX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco V.I. Equity and Income Fund (UEIIX) and PGIM Real Assets Fund (PUDZX). 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.

	UEIIX	PUDZX	Difference
Sharpe ratio: Return per unit of total volatility	1.72	2.66	-0.94
Sortino ratio: Return per unit of downside risk	2.47	3.61	-1.14
Omega ratio: Gain probability vs. loss probability	1.31	1.49	-0.17
Calmar ratio: Return relative to maximum drawdown	2.49	4.10	-1.62
Martin ratio: Return relative to average drawdown	10.27	12.80	-2.54

UEIIX vs. PUDZX - Sharpe Ratio Comparison

The current UEIIX Sharpe Ratio is 1.72, which is lower than the PUDZX Sharpe Ratio of 2.66. The chart below compares the historical Sharpe Ratios of UEIIX and PUDZX, 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

UEIIX vs. PUDZX - Drawdown Comparison

The maximum UEIIX drawdown since its inception was -38.95%, which is greater than PUDZX's maximum drawdown of -21.53%. Use the drawdown chart below to compare losses from any high point for UEIIX and PUDZX.

Drawdown Indicators

	UEIIX	PUDZX	Difference
Max Drawdown Largest peak-to-trough decline	-38.95%	-21.53%	-17.42%
Max Drawdown (1Y) Largest decline over 1 year	-5.60%	-5.01%	-0.59%
Max Drawdown (3Y) Largest decline over 3 years	-12.29%	-8.20%	-4.09%
Max Drawdown (5Y) Largest decline over 5 years	-16.90%	-17.98%	+1.08%
Max Drawdown (10Y) Largest decline over 10 years	-29.61%	-21.53%	-8.08%
Current Drawdown Current decline from peak	-0.46%	-2.10%	+1.64%
Average Drawdown Average peak-to-trough decline	-4.53%	-5.25%	+0.72%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.35%	1.60%	-0.25%

Volatility

UEIIX vs. PUDZX - Volatility Comparison

The current volatility for Invesco V.I. Equity and Income Fund (UEIIX) is 1.86%, while PGIM Real Assets Fund (PUDZX) has a volatility of 2.14%. This indicates that UEIIX experiences smaller price fluctuations and is considered to be less risky than PUDZX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	UEIIX	PUDZX	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.86%	2.14%	-0.28%
Volatility (6M) Calculated over the trailing 6-month period	6.30%	6.15%	+0.15%
Volatility (1Y) Calculated over the trailing 1-year period	8.13%	7.74%	+0.39%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	11.06%	10.48%	+0.58%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	12.62%	9.68%	+2.94%

UEIIX vs. PUDZX - Expense Ratio Comparison

UEIIX has a 0.81% expense ratio, which is higher than PUDZX's 0.25% expense ratio.

Dividends

UEIIX vs. PUDZX - Dividend Comparison

UEIIX's dividend yield for the trailing twelve months is around 6.93%, less than PUDZX's 7.73% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
PUDZX PGIM Real Assets Fund	7.73%	8.93%	6.67%	3.66%	9.10%	13.00%	4.94%	3.40%	2.14%	2.10%	1.39%	1.72%
UEIIX Invesco V.I. Equity and Income Fund	6.93%	7.42%	5.66%	7.20%	18.01%	2.61%	6.42%	9.95%	7.58%	3.22%	4.64%	13.33%

Frequently Asked Questions

Can I hold both UEIIX and PUDZX in my portfolio?

UEIIX and PUDZX have a correlation of 0.47, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, UEIIX or PUDZX?

PUDZX has higher volatility (2.14%) compared to UEIIX (1.86%). In terms of maximum drawdown, UEIIX dropped -38.95% vs PUDZX's -21.53%.

Which has better risk-adjusted returns?

PUDZX currently has the higher Sharpe Ratio (2.66 vs 1.72), 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.