PBQAX vs. PGOAX

Last updated Jun 4, 2026

PBQAX (PGIM Jennison Blend Fund) and PGOAX (PGIM Jennison Small Company Fund) are both mutual funds - PBQAX is a Large Cap Growth Equities fund managed by PGIM, while PGOAX is a Small Cap Growth Equities fund managed by PGIM. Over the past 10 years, PBQAX returned 15.65%/yr vs 12.56%/yr for PGOAX. Their correlation of 0.87 suggests significant overlap in exposure. PBQAX charges 0.94%/yr vs 1.13%/yr for PGOAX.

Performance

PBQAX vs. PGOAX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in PGIM Jennison Blend Fund (PBQAX) and PGIM Jennison Small Company Fund (PGOAX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, PBQAX achieves a 12.23% return, which is significantly higher than PGOAX's 11.50% return. Over the past 10 years, PBQAX has outperformed PGOAX with an annualized return of 15.65%, while PGOAX has yielded a comparatively lower 12.56% annualized return.

PBQAX

• 1D: 0.51%
• 1M: 5.08%
• YTD: 12.23%
• 6M: 12.09%
• 1Y: 27.43%
• 3Y*: 25.98%
• 5Y*: 13.10%
• 10Y*: 15.65%

PGOAX

• 1D: 1.05%
• 1M: 2.62%
• YTD: 11.50%
• 6M: 11.67%
• 1Y: 25.50%
• 3Y*: 14.69%
• 5Y*: 6.55%
• 10Y*: 12.56%

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

PBQAX vs. PGOAX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
PBQAX PGIM Jennison Blend Fund	12.23%	12.23%	39.83%	27.48%	-24.86%	20.82%	27.11%	37.21%	-7.83%	21.58%
PGOAX PGIM Jennison Small Company Fund	11.50%	6.96%	16.26%	11.48%	-18.85%	29.05%	27.07%	41.48%	-13.69%	19.58%

Correlation

The correlation between PBQAX and PGOAX is 0.88, 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	0.88
Correlation (3Y) Calculated over the trailing 3-year period	0.89
Correlation (5Y) Calculated over the trailing 5-year period	0.92
Correlation (10Y) Calculated over the trailing 10-year period	0.92
Correlation (All Time) Calculated using the full available price history since Jan 23, 1990	0.87

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

Return for Risk

PBQAX vs. PGOAX — Risk / Return Rank

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

PBQAX

PBQAX Risk / Return Rank: 55
PBQAX Sharpe Ratio Rank: 48
PBQAX Sortino Ratio Rank: 46
PBQAX Omega Ratio Rank: 46
PBQAX Calmar Ratio Rank: 62
PBQAX Martin Ratio Rank: 72

PGOAX

PGOAX Risk / Return Rank: 40
PGOAX Sharpe Ratio Rank: 33
PGOAX Sortino Ratio Rank: 34
PGOAX Omega Ratio Rank: 31
PGOAX Calmar Ratio Rank: 51
PGOAX Martin Ratio Rank: 53

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.

PBQAX vs. PGOAX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for PGIM Jennison Blend Fund (PBQAX) and PGIM Jennison Small Company Fund (PGOAX). 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.

	PBQAX	PGOAX	Difference
Sharpe ratio: Return per unit of total volatility	2.06	1.64	+0.42
Sortino ratio: Return per unit of downside risk	2.88	2.44	+0.44
Omega ratio: Gain probability vs. loss probability	1.37	1.29	+0.08
Calmar ratio: Return relative to maximum drawdown	3.02	2.73	+0.29
Martin ratio: Return relative to average drawdown	13.65	10.77	+2.88
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

PBQAX vs. PGOAX - Sharpe Ratio Comparison

The current PBQAX Sharpe Ratio is 2.06, which is comparable to the PGOAX Sharpe Ratio of 1.64. The chart below compares the historical Sharpe Ratios of PBQAX and PGOAX, 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

	PBQAX	PGOAX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.06	1.64	+0.42
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.65	0.32	+0.33
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.77	0.57	+0.20
Sharpe Ratio (All Time) Calculated using the full available price history	0.55	0.57	-0.02

Drawdowns

PBQAX vs. PGOAX - Drawdown Comparison

The maximum PBQAX drawdown since its inception was -53.89%, roughly equal to the maximum PGOAX drawdown of -56.57%. Use the drawdown chart below to compare losses from any high point for PBQAX and PGOAX.

Drawdown Indicators

	PBQAX	PGOAX	Difference
Max Drawdown Largest peak-to-trough decline	-53.89%	-56.57%	+2.68%
Max Drawdown (1Y) Largest decline over 1 year	-9.44%	-9.88%	+0.44%
Max Drawdown (3Y) Largest decline over 3 years	-21.80%	-23.17%	+1.37%
Max Drawdown (5Y) Largest decline over 5 years	-32.22%	-28.19%	-4.03%
Max Drawdown (10Y) Largest decline over 10 years	-36.90%	-47.39%	+10.49%
Current Drawdown Current decline from peak	0.00%	-0.60%	+0.60%
Average Drawdown Average peak-to-trough decline	-8.43%	-8.99%	+0.56%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.08%	2.50%	-0.42%

Volatility

PBQAX vs. PGOAX - Volatility Comparison

The current volatility for PGIM Jennison Blend Fund (PBQAX) is 3.84%, while PGIM Jennison Small Company Fund (PGOAX) has a volatility of 5.09%. This indicates that PBQAX experiences smaller price fluctuations and is considered to be less risky than PGOAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	PBQAX	PGOAX	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.84%	5.09%	-1.25%
Volatility (6M) Calculated over the trailing 6-month period	10.67%	12.46%	-1.79%
Volatility (1Y) Calculated over the trailing 1-year period	13.86%	16.44%	-2.58%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	20.22%	20.29%	-0.07%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	20.47%	22.17%	-1.70%

PBQAX vs. PGOAX - Expense Ratio Comparison

PBQAX has a 0.94% expense ratio, which is lower than PGOAX's 1.13% expense ratio.

Dividends

PBQAX vs. PGOAX - Dividend Comparison

PBQAX's dividend yield for the trailing twelve months is around 8.89%, more than PGOAX's 7.28% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
PBQAX PGIM Jennison Blend Fund	8.89%	9.97%	26.50%	3.03%	1.93%	19.07%	7.79%	13.20%	12.89%	9.28%	6.82%	11.69%
PGOAX PGIM Jennison Small Company Fund	7.28%	8.11%	5.29%	0.37%	4.11%	37.46%	14.95%	18.11%	20.80%	8.28%	5.42%	15.00%

Frequently Asked Questions

Can I hold both PBQAX and PGOAX in my portfolio?

PBQAX and PGOAX have a correlation of 0.88, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, PBQAX or PGOAX?

PGOAX has higher volatility (5.09%) compared to PBQAX (3.84%). In terms of maximum drawdown, PBQAX dropped -53.89% vs PGOAX's -56.57%.

Which has better risk-adjusted returns?

PBQAX currently has the higher Sharpe Ratio (2.06 vs 1.64), 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.