FARMX vs. PGJZX

Last updated Apr 2, 2026

Compare and contrast key facts about Fidelity Agricultural Productivity Fund (FARMX) and PGIM Jennison Global Infrastructure Fund (PGJZX).

FARMX is managed by Fidelity. It was launched on Apr 15, 2020. PGJZX is managed by PGIM. It was launched on Sep 24, 2013.

Performance

FARMX vs. PGJZX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity Agricultural Productivity Fund (FARMX) and PGIM Jennison Global Infrastructure Fund (PGJZX). The values are adjusted to include any dividend payments, if applicable.

FARMX vs. PGJZX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020
FARMX Fidelity Agricultural Productivity Fund	21.77%	7.99%	-4.83%	-11.61%	13.68%	23.36%	53.58%
PGJZX PGIM Jennison Global Infrastructure Fund	8.87%	18.41%	17.13%	5.85%	-7.82%	15.06%	21.18%

Returns By Period

In the year-to-date period, FARMX achieves a 21.77% return, which is significantly higher than PGJZX's 8.87% return.

FARMX

• 1D: 1.15%
• 1M: -1.34%
• YTD: 21.77%
• 6M: 23.47%
• 1Y: 25.74%
• 3Y*: 4.36%
• 5Y*: 5.27%
• 10Y*: —

PGJZX

• 1D: 1.00%
• 1M: -3.65%
• YTD: 8.87%
• 6M: 10.30%
• 1Y: 23.38%
• 3Y*: 16.26%
• 5Y*: 11.00%
• 10Y*: 9.59%

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

FARMX vs. PGJZX - Expense Ratio Comparison

FARMX has a 0.99% expense ratio, which is lower than PGJZX's 1.17% expense ratio.

PGJZX

PGIM Jennison Global Infrastructure Fund

FARMX

Fidelity Agricultural Productivity Fund

Return for Risk

FARMX vs. PGJZX — Risk / Return Rank

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

FARMX

FARMX Risk / Return Rank: 75
FARMX Sharpe Ratio Rank: 78
FARMX Sortino Ratio Rank: 82
FARMX Omega Ratio Rank: 70
FARMX Calmar Ratio Rank: 89
FARMX Martin Ratio Rank: 56

PGJZX

PGJZX Risk / Return Rank: 90
PGJZX Sharpe Ratio Rank: 89
PGJZX Sortino Ratio Rank: 86
PGJZX Omega Ratio Rank: 86
PGJZX Calmar Ratio Rank: 93
PGJZX Martin Ratio Rank: 93

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.

FARMX vs. PGJZX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Agricultural Productivity Fund (FARMX) and PGIM Jennison Global Infrastructure Fund (PGJZX). 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.

	FARMX	PGJZX	Difference
Sharpe ratio Return per unit of total volatility	1.48	1.92	-0.44
Sortino ratio Return per unit of downside risk	2.19	2.47	-0.28
Omega ratio Gain probability vs. loss probability	1.28	1.38	-0.10
Calmar ratio Return relative to maximum drawdown	2.48	3.11	-0.62
Martin ratio Return relative to average drawdown	5.72	12.57	-6.85
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

FARMX vs. PGJZX - Sharpe Ratio Comparison

The current FARMX Sharpe Ratio is 1.48, which is comparable to the PGJZX Sharpe Ratio of 1.92. The chart below compares the historical Sharpe Ratios of FARMX and PGJZX, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	FARMX	PGJZX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.48	1.92	-0.44
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.28	0.78	-0.50
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.61	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.79	0.55	+0.25

Correlation

The correlation between FARMX and PGJZX is 0.58, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.

Dividends

FARMX vs. PGJZX - Dividend Comparison

FARMX's dividend yield for the trailing twelve months is around 1.52%, less than PGJZX's 6.60% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FARMX Fidelity Agricultural Productivity Fund	1.52%	1.85%	2.29%	1.33%	1.17%	0.71%	0.45%	0.00%	0.00%	0.00%	0.00%	0.00%
PGJZX PGIM Jennison Global Infrastructure Fund	6.60%	7.18%	9.95%	1.59%	3.30%	7.77%	1.17%	1.58%	2.13%	1.35%	1.71%	1.42%

Drawdowns

FARMX vs. PGJZX - Drawdown Comparison

The maximum FARMX drawdown since its inception was -30.27%, smaller than the maximum PGJZX drawdown of -36.64%. Use the drawdown chart below to compare losses from any high point for FARMX and PGJZX.

Drawdown Indicators

	FARMX	PGJZX	Difference
Max Drawdown Largest peak-to-trough decline	-30.27%	-36.64%	+6.37%
Max Drawdown (1Y) Largest decline over 1 year	-11.17%	-7.74%	-3.43%
Max Drawdown (5Y) Largest decline over 5 years	-30.27%	-20.56%	-9.71%
Max Drawdown (10Y) Largest decline over 10 years	—	-36.64%	—
Current Drawdown Current decline from peak	-1.61%	-4.13%	+2.52%
Average Drawdown Average peak-to-trough decline	-13.12%	-5.66%	-7.46%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.89%	1.91%	+2.98%

Volatility

FARMX vs. PGJZX - Volatility Comparison

Fidelity Agricultural Productivity Fund (FARMX) has a higher volatility of 5.66% compared to PGIM Jennison Global Infrastructure Fund (PGJZX) at 4.65%. This indicates that FARMX's price experiences larger fluctuations and is considered to be riskier than PGJZX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FARMX	PGJZX	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.66%	4.65%	+1.01%
Volatility (6M) Calculated over the trailing 6-month period	12.29%	7.49%	+4.80%
Volatility (1Y) Calculated over the trailing 1-year period	18.29%	12.49%	+5.80%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.98%	14.22%	+4.76%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.83%	15.73%	+4.10%