FORH vs PGZ
Formidable ETF vs Principal Real Estate Income Fund
Which is better, FORH or PGZ?
Each has led over a different period.
FORH has a lower expense ratio. FORH led over 5Y, PGZ over 1Y, 3Y and the full window.
MarketXLS is not an investment adviser. This comparison is generated automatically from market data and is for information only. A Best mark means the better reading on that one measure, not a recommendation to buy.
Side-by-Side Comparison
| Metric | FORH | PGZ |
|---|---|---|
| Expense Ratio | 1.19%Best | 2.16% |
| AUM | $19M | $69M |
| Dividend Yield | 1.86% | 12.28% |
| Holdings | 129 | 110 |
| YTD Return | -2.55%Best | -4.14% |
| 1Y Return | -13.00% | -4.95%Best |
| 3Y Return (annualized) | +3.48% | +10.97%Best |
| 5Y Return (annualized) | +0.76%Best | -0.32% |
| Volatility (annualized) | 13.2%Best | 17.6% |
| Max Drawdown | -20.7%Best | -35.3% |
| $10,000 over 5 years | $10,386Best | $9,841 |
| Fund Family | Formidable Funds | Principal Funds |
| Category | Equity | Equity |
| Style | Mid Cap Blend | Mid Cap Blend |
| Inception | Apr 29, 2021 | Jun 26, 2013 |
Not shown on this pair: Top 10 Weight.
Volatility and max drawdown are measured over the window both funds cover: Apr 30, 2021 to Oct 14, 2026 (5.5 years).
FORH vs PGZ growth
Month-end closes. Both lines start at 0% in the first month shown, so the gap between them is the difference in growth across that window. The full view covers the 5.5 years both funds cover.
FORH vs PGZ Performance
Formidable ETF (FORH) is an ETF from Formidable Funds and Principal Real Estate Income Fund (PGZ) is an ETF from Principal Funds. Over the past year FORH returned -13.00% while PGZ returned -4.95%. Year to date, FORH is down 2.55% versus a loss of 4.14% for PGZ.
Over three years, FORH compounded at +3.48% per year against +10.97% for PGZ; over five years the annualized figures are +0.76% and -0.32% respectively. Across the full 6-year window we track, PGZ has the edge at +0.59% annualized vs +0.57%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
PGZ has been the more volatile fund, with annualized monthly volatility of 17.6% compared with 13.2% for FORH. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -20.7% for FORH and -35.3% for PGZ. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.58. They move together some of the time, and apart the rest.
Fees and Cost Over Time
FORH charges 1.19% per year while PGZ charges 2.16%. On a $10,000 position that is $119 vs $216 annually, a gap of $97 per year that compounds over a long holding period. On income, FORH currently yields 1.86% against 12.28% for PGZ.
Holdings Overlap
We hold position weights for 38 holdings in FORH and 61 in PGZ, totalling 83.6% and 59.8% of the two funds. The two books name no position in common, so there is no overlap percentage to show.
The two holdings books were reported 227 days apart, FORH as of Sep 15, 2026 and PGZ as of Jan 31, 2026, so some of the difference between them is the time between the two reports rather than the funds.
0 positions in common, counted across the 38 positions we hold weights for in FORH and 61 in PGZ, against full books of 129 and 110.
You are not choosing between two funds in isolation.
Whichever of FORH and PGZ you pick has to sit alongside everything else you own. Add the rest and see what the combination actually holds.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, FORH or PGZ?
FORH has an expense ratio of 1.19% while PGZ charges 2.16%. FORH is the cheaper option, by $97 a year on a $10,000 investment.
Which performed better, FORH or PGZ?
Over the past year FORH returned -13.00% vs -4.95% for PGZ, so PGZ leads on 1-year performance. Over the longest common window we track (6 years), FORH annualized +0.57% vs +0.59% for PGZ. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, FORH or PGZ?
PGZ has been the more volatile fund at 17.6% annualized versus 13.2% for FORH. Worst drawdown: FORH -20.7% vs PGZ -35.3%.
Should I hold both FORH and PGZ?
FORH and PGZ have a monthly-return correlation of 0.58, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
Which pays a higher dividend, FORH or PGZ?
FORH yields 1.86% while PGZ yields 12.28%, so PGZ currently pays the higher dividend yield.
Is PGZ better than FORH?
FORH has a lower expense ratio. FORH led over 5Y, PGZ over 1Y, 3Y and the full window. Which one suits a particular account depends on what it is for. This is information, not a recommendation.