GHAAX vs. PGJZX
GHAAX (VanEck Global Resources Fund) and PGJZX (PGIM Jennison Global Infrastructure Fund) are both Energy Equities funds. Over the past 10 years, GHAAX returned 6.58%/yr vs 9.36%/yr for PGJZX. A 0.60 correlation means they provide meaningful diversification when combined. GHAAX charges 1.38%/yr vs 1.17%/yr for PGJZX.
Performance
GHAAX vs. PGJZX - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, GHAAX achieves a 10.80% return, which is significantly higher than PGJZX's 9.83% return. Over the past 10 years, GHAAX has underperformed PGJZX with an annualized return of 6.58%, while PGJZX has yielded a comparatively higher 9.36% annualized return.
GHAAX
- 1D
- 0.37%
- 1M
- -3.64%
- YTD
- 10.80%
- 6M
- 9.32%
- 1Y
- 33.09%
- 3Y*
- 15.33%
- 5Y*
- 8.69%
- 10Y*
- 6.58%
PGJZX
- 1D
- 0.47%
- 1M
- -1.12%
- YTD
- 9.83%
- 6M
- 9.64%
- 1Y
- 16.69%
- 3Y*
- 17.13%
- 5Y*
- 10.44%
- 10Y*
- 9.36%
GHAAX vs. PGJZX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
GHAAX VanEck Global Resources Fund | 10.80% | 36.12% | -3.15% | -3.93% | 7.79% | 18.63% | 18.68% | 11.65% | -29.35% | -1.49% |
PGJZX PGIM Jennison Global Infrastructure Fund | 9.83% | 18.41% | 17.13% | 5.85% | -7.82% | 15.06% | 1.98% | 28.89% | -8.57% | 18.81% |
Correlation
The correlation between GHAAX and PGJZX is 0.45, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.45 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.52 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.59 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.58 |
Correlation (All Time) Calculated using the full available price history since Jan 2, 2014 | 0.60 |
The correlation between GHAAX and PGJZX shifts across timeframes, from 0.45 (1 year) to 0.60 (all time), reflecting how their relationship changes across market environments.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
GHAAX vs. PGJZX — Risk / Return Rank
GHAAX
PGJZX
GHAAX vs. PGJZX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for VanEck Global Resources Fund (GHAAX) 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.
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.
| GHAAX | PGJZX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.06 | ||
| Sortino ratioReturn per unit of downside risk | -0.23 | ||
| Omega ratioGain probability vs. loss probability | 1.30 | 1.30 | 0.00 |
| Calmar ratioReturn relative to maximum drawdown | 3.00 | 2.59 | +0.42 |
| Martin ratioReturn relative to average drawdown | 9.79 | 8.20 | +1.59 |
Loading charts...
Drawdowns
GHAAX vs. PGJZX - Drawdown Comparison
The maximum GHAAX drawdown since its inception was -74.68%, which is greater than PGJZX's maximum drawdown of -36.64%. Use the drawdown chart below to compare losses from any high point for GHAAX and PGJZX.
Loading charts...
Drawdown Indicators
| GHAAX | PGJZX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -74.68% | -36.64% | -38.04% |
Max Drawdown (1Y)Largest decline over 1 year | -11.04% | -7.01% | -4.03% |
Max Drawdown (3Y)Largest decline over 3 years | -18.65% | -12.39% | -6.26% |
Max Drawdown (5Y)Largest decline over 5 years | -27.74% | -20.56% | -7.18% |
Max Drawdown (10Y)Largest decline over 10 years | -62.93% | -36.64% | -26.29% |
Current DrawdownCurrent decline from peak | -9.11% | -3.29% | -5.82% |
Average DrawdownAverage peak-to-trough decline | -24.66% | -5.61% | -19.05% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.38% | 2.21% | +1.17% |
Volatility
GHAAX vs. PGJZX - Volatility Comparison
VanEck Global Resources Fund (GHAAX) has a higher volatility of 6.65% compared to PGIM Jennison Global Infrastructure Fund (PGJZX) at 3.77%. This indicates that GHAAX'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.
Loading charts...
Volatility by Period
| GHAAX | PGJZX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.65% | 3.77% | +2.88% |
Volatility (6M)Calculated over the trailing 6-month period | 17.47% | 9.13% | +8.34% |
Volatility (1Y)Calculated over the trailing 1-year period | 20.84% | 11.00% | +9.84% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 23.14% | 14.36% | +8.78% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 25.40% | 15.78% | +9.62% |
GHAAX vs. PGJZX - Expense Ratio Comparison
GHAAX has a 1.38% expense ratio, which is higher than PGJZX's 1.17% expense ratio.
Dividends
GHAAX vs. PGJZX - Dividend Comparison
GHAAX's dividend yield for the trailing twelve months is around 1.41%, less than PGJZX's 6.37% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GHAAX VanEck Global Resources Fund | 1.41% | 1.56% | 2.95% | 2.33% | 2.53% | 1.35% | 0.53% | 0.89% | 0.00% | 0.00% | 0.03% | 0.51% |
PGJZX PGIM Jennison Global Infrastructure Fund | 6.37% | 7.18% | 9.95% | 1.59% | 3.30% | 7.77% | 1.17% | 1.58% | 2.13% | 1.35% | 1.71% | 1.42% |
Frequently Asked Questions
GHAAX and PGJZX have a correlation of 0.45, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
GHAAX has higher volatility (6.65%) compared to PGJZX (3.77%). In terms of maximum drawdown, GHAAX dropped -74.68% vs PGJZX's -36.64%.
PGJZX currently has the higher Sharpe Ratio (1.65 vs 1.60), 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.
Find the right allocation for GHAAX and PGJZX
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer