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PGIM Jennison Emerging Markets Equity Opportunities Fund (PDEZX) Sharpe Ratio: 1.06

Mutual Fund · Currency in USD · Last updated Jul 14, 2026

The fund seeks to achieve its investment objective by investing, under normal conditions, at least 80% of its investable assets (net assets plus any borrowings for investment purposes) in the equity and equity-related securities of companies located in or otherwise economically tied to emerging markets countries. The manager defines emerging markets countries as countries that are classified by MSCI as either emerging or frontier markets. The fund may invest in securities of issuers of any market capitalization size.

PDEZX's Sharpe Ratio of 1.06 indicates that for each unit of volatility, it generates 1.06 units of excess return above the risk-free rate. The ratio is calculated using historical daily returns over the past 12 months (as of Jul 14, 2026).

Sharpe uses total volatility (standard deviation) which includes both upside and downside price movements, making it useful for comparing risk-adjusted returns across different assets. For how to read this number and when it can mislead, see Sharpe Ratio Explained.

PDEZX Sharpe Ratio Rank

PDEZX Sharpe Ratio Rank: 24.625
Below Average

PDEZX ranks above 24.6% of all investments in our database based on Sharpe Ratio over the past 12 months, indicating below-average returns relative to volatility. Securities are ranked from 0 (worst) to 100 (best).

What moves the rank

  • Strong returns with low total volatility → Higher rank
  • High volatility (both upside and downside) → Lower rank
  • Consistent returns → Higher rank than volatile returns of same magnitude
  • Sharp drawdowns increase volatility → Lower rank

What you can do with this information

  • Returns may not adequately compensate for volatility taken
  • Consider smaller allocation given below-average risk-adjusted profile
  • Explore higher-ranked investments with better consistency
  • Assess whether the volatility profile aligns with your portfolio goals

PDEZX Sharpe Ratio Market Positioning

The chart shows PDEZX's Sharpe Ratio relative to all mutual funds on our platform, with color zones indicating percentile rankings. Higher ratios indicate better risk-adjusted returns.

  • Red zone (bottom 25%): 1.06 or lower
  • Yellow zone (middle 50%): 1.06 to 1.94
  • Green zone (top 25%): 1.94 or higher
  • Top 1%: 3.87+
  • Median: 1.59 — half of all investments score higher

How it compares to other similar mutual funds

The table compares PGIM Jennison Emerging Markets Equity Opportunities Fund's Sharpe Ratio with other mutual funds in the Emerging Markets Diversified category across multiple time periods, showing how PDEZX's risk-adjusted performance compares to similar funds.

Data shows 1-, 5-, and 10-year periods, plus each fund's all-time average, as of Jul 14, 2026.

SymbolName1Y Sharpe Ratio5Y Sharpe Ratio10Y Sharpe RatioAll Time Sharpe Ratio
DEMIXDelaware Emerging Markets Fund4.01
FQEMXFranklin Templeton SMACS: Series EM3.35
LZEMXLazard Emerging Markets Equity Portfolio3.14
LCSMXMartin Currie SMA-Shares Series EM Fund2.96
DODEXDodge & Cox Emerging Markets Stock Fund2.90
GMAQXGMO Emerging Markets ex-China Fund2.75
GTDDXInvesco EQV Emerging Markets All Cap Fd2.74
LVAZXLSV Emerging Markets Equity Fund2.70
IEMGXVoya Multi-Manager Emerging Markets Equity Fund2.55
JHVTXJohn Hancock Variable Insurance Trust Emerging Markets Value Trust2.52
PDEZXPGIM Jennison Emerging Markets Equity Opportunities Fund1.06

S&P 500 Index

How to choose period

Historical Sharpe Ratio

The chart shows PDEZX's rolling Sharpe ratio over time compared to your chosen benchmark. Rising trends indicate improving returns relative to total volatility, while declining trends may signal deteriorating risk-adjusted performance or increased volatility. Use multiple timeframes to distinguish short-term fluctuations from long-term patterns.

Identify market cycles by observing when PDEZX consistently outperforms (line above benchmark), underperforms (below benchmark), or aligns with the benchmark.

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Sharpe Ratio Calculator

How does PDEZX fit in your portfolio?

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