FRFZX vs. PJNQX
FRFZX (PGIM Floating Rate Income Fund) and PJNQX (PGIM Jennison Natural Resources R6) are both mutual funds - FRFZX is a Bank Loan fund managed by PGIM, while PJNQX is a Natural Resources fund actively managed by PGIM. Over the past 10 years, FRFZX returned 5.39%/yr vs 11.38%/yr for PJNQX. At a 0.20 correlation, their price movements are largely independent. FRFZX charges 0.70%/yr vs 0.82%/yr for PJNQX.
Performance
FRFZX vs. PJNQX - Performance Comparison
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Returns By Period
In the year-to-date period, FRFZX achieves a 2.29% return, which is significantly lower than PJNQX's 18.00% return. Over the past 10 years, FRFZX has underperformed PJNQX with an annualized return of 5.39%, while PJNQX has yielded a comparatively higher 11.38% annualized return.
FRFZX
- 1D
- 0.00%
- 1M
- 0.54%
- YTD
- 2.29%
- 6M
- 2.86%
- 1Y
- 6.22%
- 3Y*
- 8.45%
- 5Y*
- 5.81%
- 10Y*
- 5.39%
PJNQX
- 1D
- 0.87%
- 1M
- -3.20%
- YTD
- 18.00%
- 6M
- 16.30%
- 1Y
- 48.28%
- 3Y*
- 20.64%
- 5Y*
- 16.12%
- 10Y*
- 11.38%
FRFZX vs. PJNQX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FRFZX PGIM Floating Rate Income Fund | 2.29% | 5.66% | 9.45% | 14.11% | -3.56% | 5.46% | 4.62% | 7.47% | -0.13% | 4.48% |
PJNQX PGIM Jennison Natural Resources R6 | 18.00% | 39.20% | 1.23% | -1.78% | 24.97% | 27.84% | 11.82% | 17.07% | -27.53% | 5.44% |
Correlation
The correlation between FRFZX and PJNQX is 0.17, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.17 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.17 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.22 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.20 |
Correlation (All Time) Calculated using the full available price history since Mar 31, 2011 | 0.20 |
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Return for Risk
FRFZX vs. PJNQX — Risk / Return Rank
FRFZX
PJNQX
FRFZX vs. PJNQX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for PGIM Floating Rate Income Fund (FRFZX) and PGIM Jennison Natural Resources R6 (PJNQX). 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.
| FRFZX | PJNQX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.47 | ||
| Sortino ratioReturn per unit of downside risk | +3.93 | ||
| Omega ratioGain probability vs. loss probability | 2.02 | 1.38 | +0.64 |
| Calmar ratioReturn relative to maximum drawdown | 7.34 | 4.36 | +2.98 |
| Martin ratioReturn relative to average drawdown | 22.76 | 14.85 | +7.90 |
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Drawdowns
FRFZX vs. PJNQX - Drawdown Comparison
The maximum FRFZX drawdown since its inception was -21.95%, smaller than the maximum PJNQX drawdown of -74.06%. Use the drawdown chart below to compare losses from any high point for FRFZX and PJNQX.
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Drawdown Indicators
| FRFZX | PJNQX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -21.95% | -74.06% | +52.11% |
Max Drawdown (1Y)Largest decline over 1 year | -0.85% | -11.03% | +10.18% |
Max Drawdown (3Y)Largest decline over 3 years | -3.12% | -24.94% | +21.82% |
Max Drawdown (5Y)Largest decline over 5 years | -7.85% | -29.20% | +21.35% |
Max Drawdown (10Y)Largest decline over 10 years | -21.95% | -63.55% | +41.60% |
Current DrawdownCurrent decline from peak | -0.11% | -6.82% | +6.71% |
Average DrawdownAverage peak-to-trough decline | -0.91% | -26.52% | +25.61% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.27% | 3.23% | -2.96% |
Volatility
FRFZX vs. PJNQX - Volatility Comparison
The current volatility for PGIM Floating Rate Income Fund (FRFZX) is 0.60%, while PGIM Jennison Natural Resources R6 (PJNQX) has a volatility of 7.82%. This indicates that FRFZX experiences smaller price fluctuations and is considered to be less risky than PJNQX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FRFZX | PJNQX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.60% | 7.82% | -7.22% |
Volatility (6M)Calculated over the trailing 6-month period | 1.60% | 17.78% | -16.18% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.33% | 21.79% | -19.46% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 3.10% | 25.34% | -22.24% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.97% | 26.46% | -22.49% |
FRFZX vs. PJNQX - Expense Ratio Comparison
FRFZX has a 0.70% expense ratio, which is lower than PJNQX's 0.82% expense ratio.
Dividends
FRFZX vs. PJNQX - Dividend Comparison
FRFZX's dividend yield for the trailing twelve months is around 7.40%, more than PJNQX's 1.05% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FRFZX PGIM Floating Rate Income Fund | 7.40% | 7.65% | 8.76% | 8.86% | 6.41% | 3.33% | 5.35% | 5.42% | 5.06% | 4.90% | 4.34% | 3.97% |
PJNQX PGIM Jennison Natural Resources R6 | 1.05% | 1.24% | 1.35% | 2.27% | 3.02% | 1.22% | 1.60% | 2.14% | 2.12% | 0.00% | 1.93% | 0.00% |
Frequently Asked Questions
FRFZX and PJNQX have a correlation of 0.17, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
PJNQX has higher volatility (7.82%) compared to FRFZX (0.60%). In terms of maximum drawdown, FRFZX dropped -21.95% vs PJNQX's -74.06%.
FRFZX currently has the higher Sharpe Ratio (2.69 vs 2.21), 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.
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