OAKM vs. PJFV

Last updated Jun 24, 2026

OAKM (Oakmark U.S. Large Cap ETF) and PJFV (PGIM Jennison Focused Value ETF) are both Large Cap Value Equities funds. Both are actively managed. Over the past year, OAKM returned 11.92% vs 34.17% for PJFV. A 0.70 correlation means they provide meaningful diversification when combined. OAKM charges 0.59%/yr vs 0.75%/yr for PJFV.

Performance

OAKM vs. PJFV - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Oakmark U.S. Large Cap ETF (OAKM) and PGIM Jennison Focused Value ETF (PJFV). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, OAKM achieves a -1.62% return, which is significantly lower than PJFV's 16.89% return.

OAKM

• 1D: 0.43%
• 1M: -0.82%
• YTD: -1.62%
• 6M: -2.07%
• 1Y: 11.92%
• 3Y*: —
• 5Y*: —
• 10Y*: —

PJFV

• 1D: -0.95%
• 1M: 3.08%
• YTD: 16.89%
• 6M: 16.25%
• 1Y: 34.17%
• 3Y*: 24.88%
• 5Y*: —
• 10Y*: —

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

OAKM vs. PJFV - Yearly Performance Comparison

	2026 (YTD)	2025	2024
OAKM Oakmark U.S. Large Cap ETF	-1.62%	21.46%	-5.20%
PJFV PGIM Jennison Focused Value ETF	16.89%	18.65%	-4.28%

Correlation

The correlation between OAKM and PJFV is 0.59, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.59
Correlation (All Time) Calculated using the full available price history since Dec 3, 2024	0.70

The correlation between OAKM and PJFV shifts across timeframes, from 0.59 (1 year) to 0.70 (all time), reflecting how their relationship changes across market environments.

Return for Risk

OAKM vs. PJFV — Risk / Return Rank

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

OAKM

OAKM Risk / Return Rank: 29
OAKM Sharpe Ratio Rank: 27
OAKM Sortino Ratio Rank: 26
OAKM Omega Ratio Rank: 25
OAKM Calmar Ratio Rank: 36
OAKM Martin Ratio Rank: 31

PJFV

PJFV Risk / Return Rank: 88
PJFV Sharpe Ratio Rank: 88
PJFV Sortino Ratio Rank: 88
PJFV Omega Ratio Rank: 86
PJFV Calmar Ratio Rank: 87
PJFV Martin Ratio Rank: 91

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.

OAKM vs. PJFV - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Oakmark U.S. Large Cap ETF (OAKM) and PGIM Jennison Focused Value ETF (PJFV). 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.

	OAKM	PJFV	Difference
Sharpe ratio: Return per unit of total volatility	0.91	2.69	-1.78
Sortino ratio: Return per unit of downside risk	1.38	3.69	-2.32
Omega ratio: Gain probability vs. loss probability	1.17	1.48	-0.32
Calmar ratio: Return relative to maximum drawdown	1.67	4.69	-3.03
Martin ratio: Return relative to average drawdown	4.16	19.89	-15.74

OAKM vs. PJFV - Sharpe Ratio Comparison

The current OAKM Sharpe Ratio is 0.91, which is lower than the PJFV Sharpe Ratio of 2.69. The chart below compares the historical Sharpe Ratios of OAKM and PJFV, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

OAKM vs. PJFV - Drawdown Comparison

The maximum OAKM drawdown since its inception was -15.24%, smaller than the maximum PJFV drawdown of -18.15%. Use the drawdown chart below to compare losses from any high point for OAKM and PJFV.

Drawdown Indicators

	OAKM	PJFV	Difference
Max Drawdown Largest peak-to-trough decline	-15.24%	-18.15%	+2.91%
Max Drawdown (1Y) Largest decline over 1 year	-7.19%	-7.31%	+0.12%
Max Drawdown (3Y) Largest decline over 3 years	—	-18.15%	—
Current Drawdown Current decline from peak	-4.06%	-0.95%	-3.11%
Average Drawdown Average peak-to-trough decline	-2.81%	-2.11%	-0.70%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.87%	1.72%	+1.15%

Volatility

OAKM vs. PJFV - Volatility Comparison

The current volatility for Oakmark U.S. Large Cap ETF (OAKM) is 3.86%, while PGIM Jennison Focused Value ETF (PJFV) has a volatility of 4.31%. This indicates that OAKM experiences smaller price fluctuations and is considered to be less risky than PJFV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	OAKM	PJFV	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.86%	4.31%	-0.45%
Volatility (6M) Calculated over the trailing 6-month period	9.38%	10.53%	-1.15%
Volatility (1Y) Calculated over the trailing 1-year period	13.12%	12.79%	+0.33%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.42%	14.18%	+2.24%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.42%	14.18%	+2.24%

OAKM vs. PJFV - Expense Ratio Comparison

OAKM has a 0.59% expense ratio, which is lower than PJFV's 0.75% expense ratio.

Dividends

OAKM vs. PJFV - Dividend Comparison

OAKM's dividend yield for the trailing twelve months is around 0.68%, more than PJFV's 0.59% yield.

Position	TTM	2025	2024	2023	2022
OAKM Oakmark U.S. Large Cap ETF	0.68%	0.67%	0.04%	0.00%	0.00%
PJFV PGIM Jennison Focused Value ETF	0.59%	0.68%	1.31%	1.20%	0.12%

Frequently Asked Questions

Can I hold both OAKM and PJFV in my portfolio?

OAKM and PJFV have a correlation of 0.59, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, OAKM or PJFV?

PJFV has higher volatility (4.31%) compared to OAKM (3.86%). In terms of maximum drawdown, OAKM dropped -15.24% vs PJFV's -18.15%.

Which ETF is better, OAKM or PJFV?

On 1-year performance, PJFV leads with 34.17% vs 11.92% for OAKM. On fees, OAKM is cheaper at 0.59% per year. On volatility, OAKM has been the lower-risk option at 3.86%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, OAKM or PJFV?

Over the 1-year period, PJFV has performed better with a 34.17% return vs 11.92%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, OAKM or PJFV?

OAKM is cheaper with a 0.59% expense ratio, compared with 0.75% for PJFV.

Which ETF pays a higher dividend yield, OAKM or PJFV?

OAKM has the higher dividend yield at 0.68%, compared with 0.59% for PJFV.

What is the main difference between OAKM and PJFV?

They also come from different issuers: Oakmark and PGIM. Their fees differ too: 0.59% for OAKM and 0.75% for PJFV.

Which has better risk-adjusted returns?

PJFV currently has the higher Sharpe Ratio (2.69 vs 0.91), 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.