PDCZX vs. PJFAX

Last updated Jun 3, 2026

PDCZX (PGIM Income Builder Fund) and PJFAX (PGIM Jennison Growth Fund) are both mutual funds - PDCZX is a Diversified Portfolio fund managed by PGIM, while PJFAX is a Large Cap Growth Equities fund managed by PGIM. Over the past 10 years, PDCZX returned 7.11%/yr vs 20.36%/yr for PJFAX. A 0.80 correlation means they provide meaningful diversification when combined. PDCZX charges 0.18%/yr vs 0.97%/yr for PJFAX.

Performance

PDCZX vs. PJFAX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in PGIM Income Builder Fund (PDCZX) and PGIM Jennison Growth Fund (PJFAX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, PDCZX achieves a 7.96% return, which is significantly lower than PJFAX's 9.93% return. Over the past 10 years, PDCZX has underperformed PJFAX with an annualized return of 7.11%, while PJFAX has yielded a comparatively higher 20.36% annualized return.

PDCZX

• 1D: -0.09%
• 1M: 0.57%
• YTD: 7.96%
• 6M: 8.82%
• 1Y: 17.34%
• 3Y*: 14.96%
• 5Y*: 7.02%
• 10Y*: 7.11%

PJFAX

• 1D: 0.73%
• 1M: 8.22%
• YTD: 9.93%
• 6M: 8.66%
• 1Y: 22.62%
• 3Y*: 29.55%
• 5Y*: 15.07%
• 10Y*: 20.36%

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

PDCZX vs. PJFAX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
PDCZX PGIM Income Builder Fund	7.96%	14.51%	13.16%	11.00%	-10.75%	10.63%	2.94%	19.84%	-6.24%	8.17%
PJFAX PGIM Jennison Growth Fund	9.93%	14.53%	48.10%	52.76%	-37.89%	15.65%	55.66%	45.04%	-1.24%	36.41%

Correlation

The correlation between PDCZX and PJFAX is 0.57, 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	0.57
Correlation (3Y) Calculated over the trailing 3-year period	0.59
Correlation (5Y) Calculated over the trailing 5-year period	0.64
Correlation (10Y) Calculated over the trailing 10-year period	0.65
Correlation (All Time) Calculated using the full available price history since Nov 19, 1998	0.80

Over the past year, the correlation between PDCZX and PJFAX has dropped to 0.57 - well below their long-term average of 0.80, suggesting their price drivers have been diverging.

Return for Risk

PDCZX vs. PJFAX — Risk / Return Rank

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

PDCZX

PDCZX Risk / Return Rank: 85
PDCZX Sharpe Ratio Rank: 88
PDCZX Sortino Ratio Rank: 86
PDCZX Omega Ratio Rank: 84
PDCZX Calmar Ratio Rank: 82
PDCZX Martin Ratio Rank: 86

PJFAX

PJFAX Risk / Return Rank: 20
PJFAX Sharpe Ratio Rank: 25
PJFAX Sortino Ratio Rank: 22
PJFAX Omega Ratio Rank: 24
PJFAX Calmar Ratio Rank: 14
PJFAX 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.

PDCZX vs. PJFAX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for PGIM Income Builder Fund (PDCZX) and PGIM Jennison Growth Fund (PJFAX). 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.

	PDCZX	PJFAX	Difference
Sharpe ratio Return per unit of total volatility	2.87	1.47	+1.40
Sortino ratio Return per unit of downside risk	4.06	2.03	+2.02
Omega ratio Gain probability vs. loss probability	1.57	1.26	+0.30
Calmar ratio Return relative to maximum drawdown	3.80	1.35	+2.45
Martin ratio Return relative to average drawdown	16.38	4.32	+12.06
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

PDCZX vs. PJFAX - Sharpe Ratio Comparison

The current PDCZX Sharpe Ratio is 2.87, which is higher than the PJFAX Sharpe Ratio of 1.47. The chart below compares the historical Sharpe Ratios of PDCZX and PJFAX, 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

	PDCZX	PJFAX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.87	1.47	+1.40
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.85	0.61	+0.23
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.74	0.85	-0.11
Sharpe Ratio (All Time) Calculated using the full available price history	0.70	0.52	+0.18

Drawdowns

PDCZX vs. PJFAX - Drawdown Comparison

The maximum PDCZX drawdown since its inception was -31.16%, smaller than the maximum PJFAX drawdown of -64.07%. Use the drawdown chart below to compare losses from any high point for PDCZX and PJFAX.

Drawdown Indicators

	PDCZX	PJFAX	Difference
Max Drawdown Largest peak-to-trough decline	-31.16%	-64.07%	+32.91%
Max Drawdown (1Y) Largest decline over 1 year	-4.72%	-17.76%	+13.04%
Max Drawdown (3Y) Largest decline over 3 years	-7.48%	-24.05%	+16.57%
Max Drawdown (5Y) Largest decline over 5 years	-17.89%	-43.56%	+25.67%
Max Drawdown (10Y) Largest decline over 10 years	-31.16%	-43.56%	+12.40%
Current Drawdown Current decline from peak	-0.68%	0.00%	-0.68%
Average Drawdown Average peak-to-trough decline	-3.35%	-20.35%	+17.00%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.09%	5.55%	-4.46%

Volatility

PDCZX vs. PJFAX - Volatility Comparison

The current volatility for PGIM Income Builder Fund (PDCZX) is 1.94%, while PGIM Jennison Growth Fund (PJFAX) has a volatility of 3.73%. This indicates that PDCZX experiences smaller price fluctuations and is considered to be less risky than PJFAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	PDCZX	PJFAX	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.94%	3.73%	-1.79%
Volatility (6M) Calculated over the trailing 6-month period	5.04%	12.33%	-7.29%
Volatility (1Y) Calculated over the trailing 1-year period	6.25%	16.29%	-10.04%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	8.34%	24.69%	-16.35%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	9.59%	24.01%	-14.42%

PDCZX vs. PJFAX - Expense Ratio Comparison

PDCZX has a 0.18% expense ratio, which is lower than PJFAX's 0.97% expense ratio.

Dividends

PDCZX vs. PJFAX - Dividend Comparison

PDCZX's dividend yield for the trailing twelve months is around 4.49%, less than PJFAX's 12.20% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
PDCZX PGIM Income Builder Fund	4.49%	5.19%	8.63%	5.21%	4.71%	5.61%	4.07%	4.28%	4.72%	4.59%	4.80%	5.33%
PJFAX PGIM Jennison Growth Fund	12.20%	13.42%	24.62%	7.23%	2.77%	14.67%	9.02%	16.27%	6.06%	5.85%	4.12%	6.90%

Frequently Asked Questions

Can I hold both PDCZX and PJFAX in my portfolio?

PDCZX and PJFAX have a correlation of 0.57, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, PDCZX or PJFAX?

PJFAX has higher volatility (3.73%) compared to PDCZX (1.94%). In terms of maximum drawdown, PDCZX dropped -31.16% vs PJFAX's -64.07%.

Which has better risk-adjusted returns?

PDCZX currently has the higher Sharpe Ratio (2.87 vs 1.47), 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.