PBQAX vs. TVRIX

Last updated Jun 24, 2026

PBQAX (PGIM Jennison Blend Fund) and TVRIX (Guggenheim Directional Allocation Fund) are both Large Cap Growth Equities funds. Over the past 10 years, PBQAX returned 16.31%/yr vs 10.50%/yr for TVRIX. Their correlation of 0.89 suggests significant overlap in exposure. PBQAX charges 0.94%/yr vs 1.09%/yr for TVRIX.

Performance

PBQAX vs. TVRIX - Performance Comparison

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

Returns By Period

In the year-to-date period, PBQAX achieves a 13.12% return, which is significantly higher than TVRIX's 11.23% return. Over the past 10 years, PBQAX has outperformed TVRIX with an annualized return of 16.31%, while TVRIX has yielded a comparatively lower 10.50% annualized return.

PBQAX

• 1D: 0.04%
• 1M: 2.68%
• YTD: 13.12%
• 6M: 11.58%
• 1Y: 27.32%
• 3Y*: 25.97%
• 5Y*: 12.74%
• 10Y*: 16.31%

TVRIX

• 1D: 0.15%
• 1M: 1.98%
• YTD: 11.23%
• 6M: 10.48%
• 1Y: 24.46%
• 3Y*: 14.75%
• 5Y*: 7.16%
• 10Y*: 10.50%

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

PBQAX vs. TVRIX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
PBQAX PGIM Jennison Blend Fund	13.12%	12.23%	39.83%	27.48%	-24.86%	20.82%	27.11%	37.21%	-7.83%	21.58%
TVRIX Guggenheim Directional Allocation Fund	11.23%	13.83%	7.87%	11.00%	-17.53%	27.30%	5.08%	30.45%	-7.53%	23.45%

Correlation

The correlation between PBQAX and TVRIX is 0.93, 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	0.93
Correlation (3Y) Calculated over the trailing 3-year period	0.92
Correlation (5Y) Calculated over the trailing 5-year period	0.80
Correlation (10Y) Calculated over the trailing 10-year period	0.87
Correlation (All Time) Calculated using the full available price history since Jun 18, 2012	0.89

The correlation between PBQAX and TVRIX shifts across timeframes, from 0.80 (5 years) to 0.93 (1 year), reflecting how their relationship changes across market environments.

Return for Risk

PBQAX vs. TVRIX — Risk / Return Rank

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

PBQAX

PBQAX Risk / Return Rank: 60
PBQAX Sharpe Ratio Rank: 53
PBQAX Sortino Ratio Rank: 51
PBQAX Omega Ratio Rank: 50
PBQAX Calmar Ratio Rank: 69
PBQAX Martin Ratio Rank: 79

TVRIX

TVRIX Risk / Return Rank: 71
TVRIX Sharpe Ratio Rank: 74
TVRIX Sortino Ratio Rank: 68
TVRIX Omega Ratio Rank: 69
TVRIX Calmar Ratio Rank: 68
TVRIX Martin Ratio Rank: 75

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. TVRIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for PGIM Jennison Blend Fund (PBQAX) and Guggenheim Directional Allocation Fund (TVRIX). 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.

	PBQAX	TVRIX	Difference
Sharpe ratio: Return per unit of total volatility	1.99	2.31	-0.32
Sortino ratio: Return per unit of downside risk	2.77	3.14	-0.37
Omega ratio: Gain probability vs. loss probability	1.36	1.42	-0.07
Calmar ratio: Return relative to maximum drawdown	3.07	3.02	+0.04
Martin ratio: Return relative to average drawdown	13.72	13.28	+0.43

PBQAX vs. TVRIX - Sharpe Ratio Comparison

The current PBQAX Sharpe Ratio is 1.99, which is comparable to the TVRIX Sharpe Ratio of 2.31. The chart below compares the historical Sharpe Ratios of PBQAX and TVRIX, 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

PBQAX vs. TVRIX - Drawdown Comparison

The maximum PBQAX drawdown since its inception was -53.89%, which is greater than TVRIX's maximum drawdown of -39.36%. Use the drawdown chart below to compare losses from any high point for PBQAX and TVRIX.

Drawdown Indicators

	PBQAX	TVRIX	Difference
Max Drawdown Largest peak-to-trough decline	-53.89%	-39.36%	-14.53%
Max Drawdown (1Y) Largest decline over 1 year	-9.44%	-8.45%	-0.99%
Max Drawdown (3Y) Largest decline over 3 years	-21.80%	-24.87%	+3.07%
Max Drawdown (5Y) Largest decline over 5 years	-32.22%	-24.87%	-7.35%
Max Drawdown (10Y) Largest decline over 10 years	-36.90%	-39.36%	+2.46%
Current Drawdown Current decline from peak	-0.32%	-0.79%	+0.47%
Average Drawdown Average peak-to-trough decline	-8.42%	-6.04%	-2.38%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.11%	1.92%	+0.19%

Volatility

PBQAX vs. TVRIX - Volatility Comparison

PGIM Jennison Blend Fund (PBQAX) and Guggenheim Directional Allocation Fund (TVRIX) have volatilities of 5.25% and 5.12%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	PBQAX	TVRIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.25%	5.12%	+0.13%
Volatility (6M) Calculated over the trailing 6-month period	11.49%	9.07%	+2.42%
Volatility (1Y) Calculated over the trailing 1-year period	14.58%	11.08%	+3.50%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	20.31%	14.55%	+5.76%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	20.51%	17.88%	+2.63%

PBQAX vs. TVRIX - Expense Ratio Comparison

PBQAX has a 0.94% expense ratio, which is lower than TVRIX's 1.09% expense ratio.

Dividends

PBQAX vs. TVRIX - Dividend Comparison

PBQAX's dividend yield for the trailing twelve months is around 8.82%, more than TVRIX's 8.66% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
PBQAX PGIM Jennison Blend Fund	8.82%	9.97%	26.50%	3.03%	1.93%	19.07%	7.79%	13.20%	12.89%	9.28%	6.82%	11.69%
TVRIX Guggenheim Directional Allocation Fund	8.66%	9.64%	0.00%	2.03%	0.71%	14.34%	0.30%	16.62%	14.33%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both PBQAX and TVRIX in my portfolio?

With a correlation of 0.93, PBQAX and TVRIX move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which is riskier, PBQAX or TVRIX?

PBQAX has higher volatility (5.25%) compared to TVRIX (5.12%). In terms of maximum drawdown, PBQAX dropped -53.89% vs TVRIX's -39.36%.

Which has better risk-adjusted returns?

TVRIX currently has the higher Sharpe Ratio (2.31 vs 1.99), 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.