VGSNX vs. PURZX
VGSNX (Vanguard Real Estate Index Fund Institutional Shares) and PURZX (PGIM Global Real Estate Fund) are both REIT funds. Over the past 10 years, VGSNX returned 4.89%/yr vs 4.14%/yr for PURZX. Their correlation of 0.91 means they have usually moved in the same direction. VGSNX charges 0.11%/yr vs 0.93%/yr for PURZX.
Performance
VGSNX vs. PURZX - Performance Comparison
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Returns By Period
The year-to-date returns for both investments are quite close, with VGSNX having a 13.95% return and PURZX slightly higher at 14.54%. Over the past 10 years, VGSNX has outperformed PURZX with an annualized return of 4.89%, while PURZX has yielded a comparatively lower 4.14% annualized return.
VGSNX
- 1D
- -0.60%
- 1M
- 0.84%
- 6M
- 12.21%
- YTD
- 13.95%
- 1Y
- 15.50%
- 3Y*
- 9.38%
- 5Y*
- 2.44%
- 10Y*
- 4.89%
- ALL TIME*
- 8.10%
PURZX
- 1D
- -1.06%
- 1M
- 1.33%
- 6M
- 10.82%
- YTD
- 14.54%
- 1Y
- 20.10%
- 3Y*
- 10.71%
- 5Y*
- 2.38%
- 10Y*
- 4.14%
- ALL TIME*
- 7.48%
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 |
VGSNX vs. PURZX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
VGSNX Vanguard Real Estate Index Fund Institutional Shares | 13.95% | 3.21% | 3.72% | 13.12% | -26.19% | 40.46% | -4.76% | 28.98% | -5.97% | 4.90% |
PURZX PGIM Global Real Estate Fund | 14.54% | 9.22% | 3.64% | 11.24% | -26.73% | 27.91% | -4.39% | 20.60% | -5.32% | 10.36% |
Correlation
The correlation between VGSNX and PURZX 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. | 0.93 |
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 3, 2003 | 0.91 |
The correlation between VGSNX and PURZX has been stable across timeframes, ranging from 0.89 to 0.94 - a consistent structural relationship.
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Return for Risk
VGSNX vs. PURZX — Risk / Return Rank
VGSNX
PURZX
VGSNX vs. PURZX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard Real Estate Index Fund Institutional Shares (VGSNX) 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.
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.
| VGSNX | PURZX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.52 | ||
| Sortino ratioReturn per unit of downside risk | -0.65 | ||
| Omega ratioGain probability vs. loss probability | 1.20 | 1.29 | -0.10 |
| Calmar ratioReturn relative to maximum drawdown | 1.84 | 1.98 | -0.14 |
| Martin ratioReturn relative to average drawdown | 5.94 | 7.32 | -1.38 |
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Drawdowns
VGSNX vs. PURZX - Drawdown Comparison
The maximum VGSNX drawdown since its inception was -73.06%, which is greater than PURZX's maximum drawdown of -69.49%. Use the drawdown chart below to compare losses from any high point for VGSNX and PURZX.
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Drawdown Indicators
| VGSNX | PURZX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -73.06% | -69.49% | -3.57% |
Max Drawdown (1Y)Largest decline over 1 year | -8.34% | -10.16% | +1.82% |
Max Drawdown (3Y)Largest decline over 3 years | -17.38% | -18.57% | +1.19% |
Max Drawdown (5Y)Largest decline over 5 years | -34.39% | -34.80% | +0.41% |
Max Drawdown (10Y)Largest decline over 10 years | -42.30% | -41.05% | -1.25% |
Current DrawdownCurrent decline from peak | -1.99% | -1.57% | -0.42% |
Average DrawdownAverage peak-to-trough decline | -13.20% | -11.92% | -1.28% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.57% | 2.74% | -0.17% |
Volatility
VGSNX vs. PURZX - Volatility Comparison
Vanguard Real Estate Index Fund Institutional Shares (VGSNX) has a higher volatility of 4.50% compared to PGIM Global Real Estate Fund (PURZX) at 3.55%. This indicates that VGSNX's price experiences larger fluctuations and is considered to be riskier than PURZX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| VGSNX | PURZX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.50% | 3.55% | +0.95% |
Volatility (6M)Calculated over the trailing 6-month period | 10.72% | 9.99% | +0.73% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.87% | 12.37% | +1.50% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.95% | 16.34% | +2.61% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.96% | 17.27% | +3.69% |
VGSNX vs. PURZX - Expense Ratio Comparison
VGSNX has a 0.11% expense ratio, which is lower than PURZX's 0.93% expense ratio.
Dividends
VGSNX vs. PURZX - Dividend Comparison
VGSNX's dividend yield for the trailing twelve months is around 3.53%, more than PURZX's 2.62% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PURZX PGIM Global Real Estate Fund | 2.62% | 2.85% | 2.68% | 2.27% | 2.22% | 16.92% | 1.71% | 10.18% | 4.22% | 3.93% | 4.67% | 3.45% |
VGSNX Vanguard Real Estate Index Fund Institutional Shares | 3.53% | 3.94% | 3.87% | 3.93% | 3.94% | 2.57% | 3.95% | 3.40% | 4.75% | 4.26% | 4.84% | 3.94% |
Frequently Asked Questions
VGSNX and PURZX 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.
VGSNX has higher volatility (4.50%) compared to PURZX (3.55%). In terms of maximum drawdown, VGSNX dropped -73.06% vs PURZX's -69.49%.
PURZX currently has the higher Sharpe Ratio (1.64 vs 1.11), 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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