ADVMX vs. PDEZX

Last updated Jun 23, 2026

ADVMX (Vaughan Nelson Emerging Markets Opportunities Fund) and PDEZX (PGIM Jennison Emerging Markets Equity Opportunities Fund) are both Emerging Markets Diversified funds. Over the past 10 years, ADVMX returned 9.05%/yr vs 12.41%/yr for PDEZX. A 0.76 correlation means they provide meaningful diversification when combined. ADVMX charges 1.10%/yr vs 1.05%/yr for PDEZX.

Performance

ADVMX vs. PDEZX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Vaughan Nelson Emerging Markets Opportunities Fund (ADVMX) and PGIM Jennison Emerging Markets Equity Opportunities Fund (PDEZX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, ADVMX achieves a 16.34% return, which is significantly lower than PDEZX's 36.35% return. Over the past 10 years, ADVMX has underperformed PDEZX with an annualized return of 9.05%, while PDEZX has yielded a comparatively higher 12.41% annualized return.

ADVMX

• 1D: 2.11%
• 1M: 2.77%
• YTD: 16.34%
• 6M: 18.33%
• 1Y: 50.45%
• 3Y*: 20.23%
• 5Y*: 10.34%
• 10Y*: 9.05%

PDEZX

• 1D: 4.60%
• 1M: 6.60%
• YTD: 36.35%
• 6M: 38.25%
• 1Y: 50.87%
• 3Y*: 26.54%
• 5Y*: 2.35%
• 10Y*: 12.41%

*Multi-year figures are annualized to reflect compound growth (CAGR)

ADVMX vs. PDEZX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
ADVMX Vaughan Nelson Emerging Markets Opportunities Fund	16.34%	45.69%	-2.43%	16.20%	-11.69%	9.81%	10.81%	7.15%	-18.47%	25.07%
PDEZX PGIM Jennison Emerging Markets Equity Opportunities Fund	36.35%	14.88%	18.48%	16.12%	-41.65%	-0.86%	72.88%	30.33%	-18.26%	40.80%

Correlation

The correlation between ADVMX and PDEZX is 0.78, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.78
Correlation (3Y) Calculated over the trailing 3-year period	0.79
Correlation (5Y) Calculated over the trailing 5-year period	0.77
Correlation (10Y) Calculated over the trailing 10-year period	0.76
Correlation (All Time) Calculated using the full available price history since Sep 17, 2014	0.76

The correlation between ADVMX and PDEZX has been stable across timeframes, ranging from 0.76 to 0.79 - a consistent structural relationship.

Return for Risk

ADVMX vs. PDEZX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

ADVMX

ADVMX Risk / Return Rank: 81
ADVMX Sharpe Ratio Rank: 83
ADVMX Sortino Ratio Rank: 78
ADVMX Omega Ratio Rank: 71
ADVMX Calmar Ratio Rank: 90
ADVMX Martin Ratio Rank: 85

PDEZX

PDEZX Risk / Return Rank: 56
PDEZX Sharpe Ratio Rank: 47
PDEZX Sortino Ratio Rank: 39
PDEZX Omega Ratio Rank: 49
PDEZX Calmar Ratio Rank: 81
PDEZX Martin Ratio Rank: 62

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

ADVMX vs. PDEZX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Vaughan Nelson Emerging Markets Opportunities Fund (ADVMX) and PGIM Jennison Emerging Markets Equity Opportunities Fund (PDEZX). 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.

	ADVMX	PDEZX	Difference
Sharpe ratio: Return per unit of total volatility	2.50	1.88	+0.61
Sortino ratio: Return per unit of downside risk	3.41	2.41	+1.00
Omega ratio: Gain probability vs. loss probability	1.43	1.35	+0.08
Calmar ratio: Return relative to maximum drawdown	4.37	3.52	+0.85
Martin ratio: Return relative to average drawdown	14.76	11.46	+3.30

ADVMX vs. PDEZX - Sharpe Ratio Comparison

The current ADVMX Sharpe Ratio is 2.50, which is higher than the PDEZX Sharpe Ratio of 1.88. The chart below compares the historical Sharpe Ratios of ADVMX and PDEZX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

ADVMX vs. PDEZX - Drawdown Comparison

The maximum ADVMX drawdown since its inception was -51.17%, smaller than the maximum PDEZX drawdown of -54.95%. Use the drawdown chart below to compare losses from any high point for ADVMX and PDEZX.

Drawdown Indicators

	ADVMX	PDEZX	Difference
Max Drawdown Largest peak-to-trough decline	-51.17%	-54.95%	+3.78%
Max Drawdown (1Y) Largest decline over 1 year	-11.40%	-13.94%	+2.54%
Max Drawdown (3Y) Largest decline over 3 years	-14.92%	-21.92%	+7.00%
Max Drawdown (5Y) Largest decline over 5 years	-24.46%	-52.88%	+28.42%
Max Drawdown (10Y) Largest decline over 10 years	-51.17%	-54.95%	+3.78%
Current Drawdown Current decline from peak	-0.68%	0.00%	-0.68%
Average Drawdown Average peak-to-trough decline	-11.55%	-20.16%	+8.61%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.36%	4.27%	-0.91%

Volatility

ADVMX vs. PDEZX - Volatility Comparison

The current volatility for Vaughan Nelson Emerging Markets Opportunities Fund (ADVMX) is 5.68%, while PGIM Jennison Emerging Markets Equity Opportunities Fund (PDEZX) has a volatility of 12.64%. This indicates that ADVMX experiences smaller price fluctuations and is considered to be less risky than PDEZX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	ADVMX	PDEZX	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.68%	12.64%	-6.96%
Volatility (6M) Calculated over the trailing 6-month period	15.59%	22.93%	-7.34%
Volatility (1Y) Calculated over the trailing 1-year period	19.94%	26.04%	-6.10%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.33%	24.07%	-7.74%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.17%	22.52%	-6.35%

ADVMX vs. PDEZX - Expense Ratio Comparison

ADVMX has a 1.10% expense ratio, which is higher than PDEZX's 1.05% expense ratio.

Dividends

ADVMX vs. PDEZX - Dividend Comparison

ADVMX's dividend yield for the trailing twelve months is around 9.16%, more than PDEZX's 1.62% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
ADVMX Vaughan Nelson Emerging Markets Opportunities Fund	9.16%	10.65%	0.00%	0.95%	1.13%	1.51%	1.51%	2.84%	1.48%	3.06%	2.18%	1.89%
PDEZX PGIM Jennison Emerging Markets Equity Opportunities Fund	1.62%	2.21%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both ADVMX and PDEZX in my portfolio?

ADVMX and PDEZX have a correlation of 0.78, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, ADVMX or PDEZX?

PDEZX has higher volatility (12.64%) compared to ADVMX (5.68%). In terms of maximum drawdown, ADVMX dropped -51.17% vs PDEZX's -54.95%.

Which has better risk-adjusted returns?

ADVMX currently has the higher Sharpe Ratio (2.50 vs 1.88), 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.