VGSAX vs. PJEZX
VGSAX (Virtus Duff & Phelps Global Real Estate Securities Fund Class A) and PJEZX (PGIM US Real Estate Fund) are both REIT funds. Over the past 10 years, VGSAX returned 5.44%/yr vs 8.69%/yr for PJEZX. Their correlation of 0.93 means they have usually moved in the same direction. VGSAX charges 1.24%/yr vs 1.00%/yr for PJEZX.
Performance
VGSAX vs. PJEZX - Performance Comparison
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Returns By Period
In the year-to-date period, VGSAX achieves a 15.10% return, which is significantly lower than PJEZX's 22.21% return. Over the past 10 years, VGSAX has underperformed PJEZX with an annualized return of 5.44%, while PJEZX has yielded a comparatively higher 8.69% annualized return.
VGSAX
- 1D
- -0.12%
- 1M
- 2.26%
- 6M
- 11.88%
- YTD
- 15.10%
- 1Y
- 19.73%
- 3Y*
- 10.89%
- 5Y*
- 2.33%
- 10Y*
- 5.44%
- ALL TIME*
- 11.59%
PJEZX
- 1D
- -1.00%
- 1M
- 1.48%
- 6M
- 18.73%
- YTD
- 22.21%
- 1Y
- 26.65%
- 3Y*
- 13.77%
- 5Y*
- 6.14%
- 10Y*
- 8.69%
- ALL TIME*
- 10.02%
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 |
VGSAX vs. PJEZX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
VGSAX Virtus Duff & Phelps Global Real Estate Securities Fund Class A | 15.10% | 9.19% | 3.36% | 9.89% | -27.03% | 31.24% | -1.21% | 29.47% | -4.94% | 12.77% |
PJEZX PGIM US Real Estate Fund | 22.21% | 2.49% | 13.08% | 15.85% | -27.26% | 48.32% | -4.86% | 44.30% | -3.54% | 5.60% |
Correlation
The correlation between VGSAX and PJEZX is 0.91, 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. | 0.91 |
Correlation (3Y) Balances recent behavior with more history. | 0.93 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.94 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.92 |
Correlation (All Time) Calculated using the full available price history since Dec 21, 2010 | 0.93 |
The correlation between VGSAX and PJEZX has been stable across timeframes, ranging from 0.91 to 0.94 - a consistent structural relationship.
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Return for Risk
VGSAX vs. PJEZX — Risk / Return Rank
VGSAX
PJEZX
VGSAX vs. PJEZX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Virtus Duff & Phelps Global Real Estate Securities Fund Class A (VGSAX) 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.
| VGSAX | PJEZX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.22 | ||
| Sortino ratioReturn per unit of downside risk | -0.30 | ||
| Omega ratioGain probability vs. loss probability | 1.27 | 1.30 | -0.02 |
| Calmar ratioReturn relative to maximum drawdown | 1.78 | 3.31 | -1.53 |
| Martin ratioReturn relative to average drawdown | 6.62 | 10.24 | -3.62 |
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Drawdowns
VGSAX vs. PJEZX - Drawdown Comparison
The maximum VGSAX drawdown since its inception was -41.63%, roughly equal to the maximum PJEZX drawdown of -43.43%. Use the drawdown chart below to compare losses from any high point for VGSAX and PJEZX.
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Drawdown Indicators
| VGSAX | PJEZX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -41.63% | -43.43% | +1.80% |
Max Drawdown (1Y)Largest decline over 1 year | -10.17% | -7.32% | -2.85% |
Max Drawdown (3Y)Largest decline over 3 years | -17.50% | -19.19% | +1.69% |
Max Drawdown (5Y)Largest decline over 5 years | -34.81% | -34.60% | -0.21% |
Max Drawdown (10Y)Largest decline over 10 years | -41.63% | -43.43% | +1.80% |
Current DrawdownCurrent decline from peak | -0.72% | -2.39% | +1.67% |
Average DrawdownAverage peak-to-trough decline | -8.07% | -8.04% | -0.03% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.73% | 2.38% | +0.35% |
Volatility
VGSAX vs. PJEZX - Volatility Comparison
The current volatility for Virtus Duff & Phelps Global Real Estate Securities Fund Class A (VGSAX) is 3.35%, while PGIM US Real Estate Fund (PJEZX) has a volatility of 4.68%. This indicates that VGSAX experiences smaller price fluctuations and is considered to be less risky than PJEZX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| VGSAX | PJEZX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.35% | 4.68% | -1.33% |
Volatility (6M)Calculated over the trailing 6-month period | 9.73% | 11.11% | -1.38% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.15% | 14.21% | -2.06% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.88% | 18.93% | -2.05% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.74% | 21.20% | -3.46% |
VGSAX vs. PJEZX - Expense Ratio Comparison
VGSAX has a 1.24% expense ratio, which is higher than PJEZX's 1.00% expense ratio.
Dividends
VGSAX vs. PJEZX - Dividend Comparison
VGSAX's dividend yield for the trailing twelve months is around 1.99%, more than PJEZX's 1.55% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PJEZX PGIM US Real Estate Fund | 1.55% | 2.05% | 1.93% | 1.65% | 3.21% | 9.54% | 1.56% | 13.21% | 5.43% | 6.31% | 15.48% | 9.39% |
VGSAX Virtus Duff & Phelps Global Real Estate Securities Fund Class A | 1.99% | 2.29% | 2.22% | 1.72% | 0.62% | 2.72% | 0.00% | 6.12% | 1.60% | 2.04% | 2.39% | 2.81% |
Frequently Asked Questions
With a correlation of 0.91, VGSAX and PJEZX 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.
PJEZX has higher volatility (4.68%) compared to VGSAX (3.35%). In terms of maximum drawdown, VGSAX dropped -41.63% vs PJEZX's -43.43%.
PJEZX currently has the higher Sharpe Ratio (1.72 vs 1.50), 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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