GEMIX vs. PDEZX

Last updated Jun 4, 2026

GEMIX (Goldman Sachs Emerging Markets Equity Fund) and PDEZX (PGIM Jennison Emerging Markets Equity Opportunities Fund) are both Emerging Markets Diversified funds. Over the past 10 years, GEMIX returned 10.83%/yr vs 12.15%/yr for PDEZX. Their correlation of 0.87 suggests significant overlap in exposure. GEMIX charges 1.00%/yr vs 1.05%/yr for PDEZX.

Performance

GEMIX vs. PDEZX - Performance Comparison

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

Returns By Period

The year-to-date returns for both investments are quite close, with GEMIX having a 32.84% return and PDEZX slightly higher at 34.32%. Over the past 10 years, GEMIX has underperformed PDEZX with an annualized return of 10.83%, while PDEZX has yielded a comparatively higher 12.15% annualized return.

GEMIX

• 1D: 1.15%
• 1M: 9.85%
• YTD: 32.84%
• 6M: 36.33%
• 1Y: 63.53%
• 3Y*: 25.51%
• 5Y*: 5.64%
• 10Y*: 10.83%

PDEZX

• 1D: 0.04%
• 1M: 4.26%
• YTD: 34.32%
• 6M: 35.36%
• 1Y: 49.85%
• 3Y*: 27.86%
• 5Y*: 2.68%
• 10Y*: 12.15%

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

GEMIX vs. PDEZX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
GEMIX Goldman Sachs Emerging Markets Equity Fund	32.84%	32.84%	9.10%	6.63%	-30.01%	-2.48%	30.98%	26.06%	-20.60%	48.32%
PDEZX PGIM Jennison Emerging Markets Equity Opportunities Fund	34.32%	14.88%	18.48%	16.12%	-41.65%	-0.86%	72.88%	30.33%	-18.26%	40.80%

Correlation

The correlation between GEMIX and PDEZX is 0.92, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.92
Correlation (3Y) Calculated over the trailing 3-year period	0.87
Correlation (5Y) Calculated over the trailing 5-year period	0.87
Correlation (10Y) Calculated over the trailing 10-year period	0.87
Correlation (All Time) Calculated using the full available price history since Sep 18, 2014	0.87

The correlation between GEMIX and PDEZX has been stable across timeframes, ranging from 0.87 to 0.92 - a consistent structural relationship.

Return for Risk

GEMIX vs. PDEZX — Risk / Return Rank

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

GEMIX

GEMIX Risk / Return Rank: 89
GEMIX Sharpe Ratio Rank: 94
GEMIX Sortino Ratio Rank: 84
GEMIX Omega Ratio Rank: 88
GEMIX Calmar Ratio Rank: 90
GEMIX Martin Ratio Rank: 90

PDEZX

PDEZX Risk / Return Rank: 58
PDEZX Sharpe Ratio Rank: 53
PDEZX Sortino Ratio Rank: 42
PDEZX Omega Ratio Rank: 50
PDEZX Calmar Ratio Rank: 80
PDEZX Martin Ratio Rank: 64

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.

GEMIX vs. PDEZX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Goldman Sachs Emerging Markets Equity Fund (GEMIX) 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.

	GEMIX	PDEZX	Difference
Sharpe ratio: Return per unit of total volatility	3.29	2.15	+1.15
Sortino ratio: Return per unit of downside risk	4.01	2.72	+1.29
Omega ratio: Gain probability vs. loss probability	1.62	1.39	+0.23
Calmar ratio: Return relative to maximum drawdown	4.70	3.64	+1.07
Martin ratio: Return relative to average drawdown	18.38	12.51	+5.87
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

GEMIX vs. PDEZX - Sharpe Ratio Comparison

The current GEMIX Sharpe Ratio is 3.29, which is higher than the PDEZX Sharpe Ratio of 2.15. The chart below compares the historical Sharpe Ratios of GEMIX 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.

Sharpe Ratios by Period

	GEMIX	PDEZX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	3.29	2.15	+1.15
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.32	0.11	+0.21
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.60	0.55	+0.05
Sharpe Ratio (All Time) Calculated using the full available price history	0.37	0.41	-0.04

Drawdowns

GEMIX vs. PDEZX - Drawdown Comparison

The maximum GEMIX drawdown since its inception was -68.46%, which is greater than PDEZX's maximum drawdown of -54.95%. Use the drawdown chart below to compare losses from any high point for GEMIX and PDEZX.

Drawdown Indicators

	GEMIX	PDEZX	Difference
Max Drawdown Largest peak-to-trough decline	-68.46%	-54.95%	-13.51%
Max Drawdown (1Y) Largest decline over 1 year	-13.65%	-13.94%	+0.29%
Max Drawdown (3Y) Largest decline over 3 years	-18.46%	-21.92%	+3.46%
Max Drawdown (5Y) Largest decline over 5 years	-44.71%	-52.88%	+8.17%
Max Drawdown (10Y) Largest decline over 10 years	-47.24%	-54.95%	+7.71%
Current Drawdown Current decline from peak	0.00%	-1.12%	+1.12%
Average Drawdown Average peak-to-trough decline	-19.70%	-20.23%	+0.53%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.48%	4.04%	-0.56%

Volatility

GEMIX vs. PDEZX - Volatility Comparison

The current volatility for Goldman Sachs Emerging Markets Equity Fund (GEMIX) is 8.66%, while PGIM Jennison Emerging Markets Equity Opportunities Fund (PDEZX) has a volatility of 9.45%. This indicates that GEMIX 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

	GEMIX	PDEZX	Difference
Volatility (1M) Calculated over the trailing 1-month period	8.66%	9.45%	-0.79%
Volatility (6M) Calculated over the trailing 6-month period	16.84%	19.85%	-3.01%
Volatility (1Y) Calculated over the trailing 1-year period	19.49%	23.62%	-4.13%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.68%	23.56%	-5.88%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.10%	22.25%	-4.15%

GEMIX vs. PDEZX - Expense Ratio Comparison

GEMIX has a 1.00% expense ratio, which is lower than PDEZX's 1.05% expense ratio.

Dividends

GEMIX vs. PDEZX - Dividend Comparison

GEMIX's dividend yield for the trailing twelve months is around 0.58%, less than PDEZX's 1.64% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
GEMIX Goldman Sachs Emerging Markets Equity Fund	0.58%	0.78%	1.09%	1.33%	0.22%	0.95%	0.31%	1.09%	0.79%	0.88%	1.09%	0.10%
PDEZX PGIM Jennison Emerging Markets Equity Opportunities Fund	1.64%	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 GEMIX and PDEZX in my portfolio?

With a correlation of 0.92, GEMIX and PDEZX move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which is riskier, GEMIX or PDEZX?

PDEZX has higher volatility (9.45%) compared to GEMIX (8.66%). In terms of maximum drawdown, GEMIX dropped -68.46% vs PDEZX's -54.95%.

Which has better risk-adjusted returns?

GEMIX currently has the higher Sharpe Ratio (3.29 vs 2.15), 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.