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MEIFX vs. SPFZX
Performance
Return for Risk
Dividends
Drawdowns
Volatility

Performance

MEIFX vs. SPFZX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Meridian Enhanced Equity Fund (MEIFX) and PGIM Jennison Focused Growth Fund (SPFZX). The values are adjusted to include any dividend payments, if applicable.

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MEIFX vs. SPFZX - Yearly Performance Comparison


2026 (YTD)202520242023202220212020201920182017
MEIFX
Meridian Enhanced Equity Fund
-1.60%6.51%13.19%18.96%-16.43%15.15%26.18%44.95%-0.51%27.94%
SPFZX
PGIM Jennison Focused Growth Fund
-15.24%16.15%31.90%52.74%-40.55%6.47%67.31%40.68%2.53%36.31%

Returns By Period

In the year-to-date period, MEIFX achieves a -1.60% return, which is significantly higher than SPFZX's -15.24% return. Over the past 10 years, MEIFX has underperformed SPFZX with an annualized return of 13.78%, while SPFZX has yielded a comparatively higher 15.52% annualized return.


MEIFX

1D
0.08%
1M
-3.16%
YTD
-1.60%
6M
-1.55%
1Y
4.96%
3Y*
9.70%
5Y*
5.75%
10Y*
13.78%

SPFZX

1D
-0.45%
1M
-9.21%
YTD
-15.24%
6M
-14.65%
1Y
11.44%
3Y*
18.30%
5Y*
5.98%
10Y*
15.52%
*Multi-year figures are annualized to reflect compound growth (CAGR)

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MEIFX vs. SPFZX - Expense Ratio Comparison

MEIFX has a 1.20% expense ratio, which is higher than SPFZX's 0.75% expense ratio.


Return for Risk

MEIFX vs. SPFZX — Risk / Return Rank

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

MEIFX
MEIFX Risk / Return Rank: 1515
Overall Rank
MEIFX Sharpe Ratio Rank: 1111
Sharpe Ratio Rank
MEIFX Sortino Ratio Rank: 1212
Sortino Ratio Rank
MEIFX Omega Ratio Rank: 1111
Omega Ratio Rank
MEIFX Calmar Ratio Rank: 1717
Calmar Ratio Rank
MEIFX Martin Ratio Rank: 2222
Martin Ratio Rank

SPFZX
SPFZX Risk / Return Rank: 1717
Overall Rank
SPFZX Sharpe Ratio Rank: 1717
Sharpe Ratio Rank
SPFZX Sortino Ratio Rank: 2020
Sortino Ratio Rank
SPFZX Omega Ratio Rank: 1919
Omega Ratio Rank
SPFZX Calmar Ratio Rank: 1414
Calmar Ratio Rank
SPFZX Martin Ratio Rank: 1414
Martin Ratio Rank
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.

MEIFX vs. SPFZX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Meridian Enhanced Equity Fund (MEIFX) and PGIM Jennison Focused Growth Fund (SPFZX). 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.


MEIFXSPFZXDifference

Sharpe ratio

Return per unit of total volatility

0.30

0.48

-0.19

Sortino ratio

Return per unit of downside risk

0.55

0.86

-0.30

Omega ratio

Gain probability vs. loss probability

1.07

1.12

-0.04

Calmar ratio

Return relative to maximum drawdown

0.49

0.41

+0.08

Martin ratio

Return relative to average drawdown

2.30

1.40

+0.90

MEIFX vs. SPFZX - Sharpe Ratio Comparison

The current MEIFX Sharpe Ratio is 0.30, which is lower than the SPFZX Sharpe Ratio of 0.48. The chart below compares the historical Sharpe Ratios of MEIFX and SPFZX, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.


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Sharpe Ratios by Period


MEIFXSPFZXDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

0.30

0.48

-0.19

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.37

0.23

+0.13

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.77

0.62

+0.15

Sharpe Ratio (All Time)

Calculated using the full available price history

0.51

0.40

+0.12

Correlation

The correlation between MEIFX and SPFZX is 0.76, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.


Dividends

MEIFX vs. SPFZX - Dividend Comparison

MEIFX's dividend yield for the trailing twelve months is around 7.36%, more than SPFZX's 4.39% yield.


TTM20252024202320222021202020192018201720162015
MEIFX
Meridian Enhanced Equity Fund
7.36%7.25%14.61%0.61%9.28%25.44%13.26%40.49%11.67%1.18%0.78%4.24%
SPFZX
PGIM Jennison Focused Growth Fund
4.39%3.72%0.00%0.00%0.00%14.24%8.03%10.64%10.65%10.91%10.23%11.93%

Drawdowns

MEIFX vs. SPFZX - Drawdown Comparison

The maximum MEIFX drawdown since its inception was -54.37%, which is greater than SPFZX's maximum drawdown of -50.87%. Use the drawdown chart below to compare losses from any high point for MEIFX and SPFZX.


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Drawdown Indicators


MEIFXSPFZXDifference

Max Drawdown

Largest peak-to-trough decline

-54.37%

-50.87%

-3.50%

Max Drawdown (1Y)

Largest decline over 1 year

-8.99%

-18.97%

+9.98%

Max Drawdown (5Y)

Largest decline over 5 years

-23.54%

-48.70%

+25.16%

Max Drawdown (10Y)

Largest decline over 10 years

-28.67%

-48.70%

+20.03%

Current Drawdown

Current decline from peak

-7.42%

-18.97%

+11.55%

Average Drawdown

Average peak-to-trough decline

-7.76%

-14.68%

+6.92%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.05%

5.58%

-3.53%

Volatility

MEIFX vs. SPFZX - Volatility Comparison

The current volatility for Meridian Enhanced Equity Fund (MEIFX) is 3.54%, while PGIM Jennison Focused Growth Fund (SPFZX) has a volatility of 5.77%. This indicates that MEIFX experiences smaller price fluctuations and is considered to be less risky than SPFZX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.


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Volatility by Period


MEIFXSPFZXDifference

Volatility (1M)

Calculated over the trailing 1-month period

3.54%

5.77%

-2.23%

Volatility (6M)

Calculated over the trailing 6-month period

7.12%

12.86%

-5.74%

Volatility (1Y)

Calculated over the trailing 1-year period

14.91%

22.89%

-7.98%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

15.93%

25.98%

-10.05%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

17.95%

25.00%

-7.05%