MEIFX vs. SPFZX

Last updated Jun 4, 2026

MEIFX (Meridian Enhanced Equity Fund) and SPFZX (PGIM Jennison Focused Growth Fund) are both Large Cap Growth Equities funds. Over the past 10 years, MEIFX returned 14.03%/yr vs 18.36%/yr for SPFZX. A 0.76 correlation means they provide meaningful diversification when combined. MEIFX charges 1.20%/yr vs 0.75%/yr for SPFZX.

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.

Returns By Period

In the year-to-date period, MEIFX achieves a 4.66% return, which is significantly lower than SPFZX's 8.93% return. Over the past 10 years, MEIFX has underperformed SPFZX with an annualized return of 14.03%, while SPFZX has yielded a comparatively higher 18.36% annualized return.

MEIFX

• 1D: -1.37%
• 1M: 1.63%
• YTD: 4.66%
• 6M: 5.62%
• 1Y: 8.51%
• 3Y*: 11.49%
• 5Y*: 6.46%
• 10Y*: 14.03%

SPFZX

• 1D: -0.73%
• 1M: 8.22%
• YTD: 8.93%
• 6M: 7.67%
• 1Y: 23.20%
• 3Y*: 24.49%
• 5Y*: 11.44%
• 10Y*: 18.36%

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

MEIFX vs. SPFZX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
MEIFX Meridian Enhanced Equity Fund	4.66%	6.51%	13.19%	18.96%	-16.43%	15.15%	26.18%	44.95%	-0.51%	27.94%
SPFZX PGIM Jennison Focused Growth Fund	8.93%	16.15%	31.90%	52.74%	-40.55%	6.47%	67.31%	40.68%	2.53%	36.31%

Correlation

The correlation between MEIFX and SPFZX is 0.40, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.40
Correlation (3Y) Calculated over the trailing 3-year period	0.49
Correlation (5Y) Calculated over the trailing 5-year period	0.65
Correlation (10Y) Calculated over the trailing 10-year period	0.67
Correlation (All Time) Calculated using the full available price history since Feb 3, 2005	0.76

Over the past year, the correlation between MEIFX and SPFZX has dropped to 0.40 - well below their long-term average of 0.76, suggesting their price drivers have been diverging.

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: 18
MEIFX Sharpe Ratio Rank: 13
MEIFX Sortino Ratio Rank: 13
MEIFX Omega Ratio Rank: 12
MEIFX Calmar Ratio Rank: 27
MEIFX Martin Ratio Rank: 26

SPFZX

SPFZX Risk / Return Rank: 19
SPFZX Sharpe Ratio Rank: 24
SPFZX Sortino Ratio Rank: 22
SPFZX Omega Ratio Rank: 23
SPFZX Calmar Ratio Rank: 14
SPFZX Martin Ratio Rank: 14

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.

	MEIFX	SPFZX	Difference
Sharpe ratio: Return per unit of total volatility	1.00	1.42	-0.42
Sortino ratio: Return per unit of downside risk	1.47	1.97	-0.50
Omega ratio: Gain probability vs. loss probability	1.17	1.25	-0.08
Calmar ratio: Return relative to maximum drawdown	1.95	1.26	+0.69
Martin ratio: Return relative to average drawdown	6.26	3.92	+2.34
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

MEIFX vs. SPFZX - Sharpe Ratio Comparison

The current MEIFX Sharpe Ratio is 1.00, which is comparable to the SPFZX Sharpe Ratio of 1.42. The chart below compares the historical Sharpe Ratios of MEIFX and SPFZX, 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

	MEIFX	SPFZX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.00	1.42	-0.42
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.41	0.45	-0.04
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.79	0.74	+0.05
Sharpe Ratio (All Time) Calculated using the full available price history	0.53	0.44	+0.08

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.

Drawdown Indicators

	MEIFX	SPFZX	Difference
Max Drawdown Largest peak-to-trough decline	-54.37%	-50.87%	-3.50%
Max Drawdown (1Y) Largest decline over 1 year	-4.80%	-18.97%	+14.17%
Max Drawdown (3Y) Largest decline over 3 years	-19.30%	-24.77%	+5.47%
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	-1.53%	-0.73%	-0.80%
Average Drawdown Average peak-to-trough decline	-7.72%	-14.61%	+6.89%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.48%	6.07%	-4.59%

Volatility

MEIFX vs. SPFZX - Volatility Comparison

The current volatility for Meridian Enhanced Equity Fund (MEIFX) is 2.73%, while PGIM Jennison Focused Growth Fund (SPFZX) has a volatility of 4.03%. 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.

Volatility by Period

	MEIFX	SPFZX	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.73%	4.03%	-1.30%
Volatility (6M) Calculated over the trailing 6-month period	6.41%	12.76%	-6.35%
Volatility (1Y) Calculated over the trailing 1-year period	9.35%	16.81%	-7.46%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.91%	25.80%	-9.89%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.95%	25.06%	-7.11%

MEIFX vs. SPFZX - Expense Ratio Comparison

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

Dividends

MEIFX vs. SPFZX - Dividend Comparison

MEIFX's dividend yield for the trailing twelve months is around 6.92%, more than SPFZX's 3.42% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
MEIFX Meridian Enhanced Equity Fund	6.92%	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	3.42%	3.72%	0.00%	0.00%	0.00%	14.24%	8.03%	10.64%	10.65%	10.91%	10.23%	11.93%

Frequently Asked Questions

Can I hold both MEIFX and SPFZX in my portfolio?

MEIFX and SPFZX have a correlation of 0.40, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, MEIFX or SPFZX?

SPFZX has higher volatility (4.03%) compared to MEIFX (2.73%). In terms of maximum drawdown, MEIFX dropped -54.37% vs SPFZX's -50.87%.

Which has better risk-adjusted returns?

SPFZX currently has the higher Sharpe Ratio (1.42 vs 1.00), 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.