U.S. Diversified Real Estate (PPTY) Performance
PPTY total return
Distributions reinvested · as of Oct 23, 2026- YTD
- +9.2% since Dec 31, 2025
- 1 year
- +6.9% total return
- 5 years
- +0.6% a year
- Since first price
- +6.4% a year since 2018
PPTY trailing returns vs SPY, QQQ, AGG
| Period | PPTY total return | Price only | S&P 500 (SPY) | Nasdaq-100 (QQQ) | U.S. bonds (AGG) |
|---|---|---|---|---|---|
| 1 month | +1.9% | +1.0% | −1.0% | −5.0% | +0.9% |
| 3 months | −6.9% | −7.7% | +3.2% | +1.9% | −0.4% |
| 6 months | +1.4% | −0.4% | +7.8% | +8.4% | −1.5% |
| YTD | +9.2% | +6.4% | +12.3% | +15.1% | −1.0% |
| 1 year | +6.9% | +4.2% | +14.4% | +15.9% | −1.1% |
| 3 years | +40.2%+11.9%/yr | +27.0% | +87.4%+23.3%/yr | +101.4%+26.3%/yr | +16.6%+5.2%/yr |
| 5 years | +3.1%+0.6%/yr | −13.9% | +79.3%+12.4%/yr | +94.0%+14.2%/yr | −0.8%−0.2%/yr |
| Since inceptionMar 27, 2018 | +70.4%+6.4%/yr | +26.8% | — | — | — |
Total return from adjusted closes (distributions reinvested, before tax). Periods of 3 years or more are also shown annualized. Price only excludes distributions.
Growth of $10,000: PPTY vs SPY
From Mar 27, 2018: PPTY grew to $17,038, SPY to $33,168.
Year-end values with distributions reinvested, no taxes or trading costs. Start: first common trading day of both funds.
PPTY returns by calendar year
4 of 7 full years positive. Best 2021 (+40.4%), worst 2022 (−26.1%). 2026 is year to date.
PPTY annual returns table
| Year | PPTY | Largest drop | SPY | QQQ | AGG |
|---|---|---|---|---|---|
| 2026YTD | +9.2% | −11.8% | +12.3% | +15.1% | −1.0% |
| 2025 | −3.5% | −17.1% | +17.7% | +20.8% | +7.2% |
| 2024 | +9.8% | −8.8% | +24.9% | +25.6% | +1.3% |
| 2023 | +12.7% | −19.1% | +26.2% | +54.9% | +5.7% |
| 2022 | −26.1% | −31.9% | −18.2% | −32.6% | −13.0% |
| 2021 | +40.4% | −5.9% | +28.7% | +27.4% | −1.8% |
| 2020 | −7.2% | −41.7% | +18.3% | +48.6% | +7.5% |
| 2019 | +30.2% | −4.8% | +31.2% | +39.0% | +8.5% |
Largest drop = deepest fall from a high within that calendar year.
Calendar-year return vs largest drop within the year
Most years include a sizable fall at some point even when the year ends higher.
PPTY largest drawdowns
Now 8.4% below the high| Peak | Decline | Bottom | Recovered | Fall | Underwater |
|---|---|---|---|---|---|
| Feb 21, 2020 | −41.7% | Mar 23, 2020 | Apr 20, 2021 | 31 days | 1.2 years |
| Jan 4, 2022 | −32.4% | Oct 27, 2023 | Jun 9, 2026 | 1.8 years | 4.4 years |
| Dec 6, 2018 | −12.7% | Dec 24, 2018 | Jan 30, 2019 | 18 days | 55 days |
| Jul 24, 2026 | −11.8% | Oct 7, 2026 | not yet | 2 months | 3 months so far |
Declines from a closing high (distributions reinvested) of 10% or more. Underwater = time from the peak until the old high was regained.
PPTY risk statistics
| Statistic | 3 years | 5 years | Since 2018 |
|---|---|---|---|
| Annualized return | +9.0% | +1.4% | +6.1% |
| Volatility (annualized) | 15.1% | 18.1% | 18.6% |
| Sharpe ratio | 0.36 | -0.03 | 0.28 |
| Sortino ratio | 0.56 | -0.05 | 0.40 |
| Best month | +9.7% | +10.4% | +15.8% |
| Worst month | −7.0% | −11.2% | −20.0% |
| Best 12 months | +35.8% | +35.8% | +56.2% |
| Worst 12 months | −8.5% | −26.1% | −26.1% |
| Positive months | 58% | 52% | 59% |
| Beta vs S&P 500 | 0.79 | 0.93 | — |
| Correlation with S&P 500 | 0.65 | 0.80 | — |
From monthly total returns. Sharpe and Sortino use 1–3 month T-bills (BIL) as the risk-free rate, so they need history from 2007 on.
PPTY rolling returns
| Holding period | Periods | Worst | Median | Best | Positive |
|---|---|---|---|---|---|
| 1-year | 92 | −26.1% | +6.7% | +56.2% | 59% |
| 3-year (a year) | 68 | −2.9% | +5.4% | +19.2% | 84% |
| 5-year (a year) | 44 | +0.6% | +4.1% | +9.5% | 100% |
Every holding period starting at a month-end since 2018. Returns for 3 years and longer are annualized.
PPTY performance overview
U.S. Diversified Real Estate (PPTY) returned +6.9% over the past year and +0.6% a year over five years, with distributions reinvested. Since its first recorded price in 2018 it has returned +6.4% a year, turning $10,000 into about $17,038. Over the same year S&P 500 (SPY) returned +14.4%.
The deepest decline was −41.7%, from Feb 21, 2020 to Mar 23, 2020, and it took 1.1 years to get back to the old high. PPTY finished 4 of its 7 full calendar years with a gain; the best year was 2021 (+40.4%) and the worst 2022 (−26.1%). Volatility has been 18.6% a year.
Related: PPTY chart, PPTY holdings, PPTY dividends, PPTY valuation. See the PPTY overview for the latest quote and fund facts.
PPTY performance FAQ
What is the PPTY return over the past year?
PPTY returned +6.9% over the 12 months to October 23, 2026, including reinvested distributions. On price alone it rose 4.2%.
What is the average annual return of PPTY?
PPTY has returned +0.6% a year over 5 years, +6.4% a year since March 27, 2018 (total return, distributions reinvested).
How much would $10,000 invested in PPTY be worth?
$10,000 invested in PPTY at its first recorded close on March 27, 2018 would be worth about $17,038 on October 23, 2026 with distributions reinvested.
What was the worst year for PPTY?
The worst calendar year was 2022, with a total return of −26.1%. The best was 2021 at +40.4%.
What is the biggest drawdown of PPTY?
The largest peak-to-trough decline was −41.7% between February 21, 2020 and March 23, 2020. It recovered to the old high on April 20, 2021, 1.1 years after the bottom.
How volatile is PPTY?
Over the past 3 years PPTY had an annualized volatility of 15.1% and a Sharpe ratio of 0.36 (excess return over 1–3 month T-bills per unit of risk).