Correlation
The correlation between PEGZX and FCNTX is 0.88, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
PEGZX vs. FCNTX
Compare and contrast key facts about PGIM Jennison Mid-Cap Growth Fund (PEGZX) and Fidelity Contrafund Fund (FCNTX).
PEGZX is managed by PGIM Investments. It was launched on Dec 31, 1996. FCNTX is managed by Fidelity. It was launched on May 17, 1967.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: PEGZX or FCNTX.
Performance
PEGZX vs. FCNTX - Performance Comparison
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Key characteristics
PEGZX:
0.18
FCNTX:
0.85
PEGZX:
0.34
FCNTX:
1.20
PEGZX:
1.05
FCNTX:
1.17
PEGZX:
0.10
FCNTX:
0.86
PEGZX:
0.30
FCNTX:
2.91
PEGZX:
9.87%
FCNTX:
5.85%
PEGZX:
24.69%
FCNTX:
22.18%
PEGZX:
-70.09%
FCNTX:
-49.03%
PEGZX:
-11.83%
FCNTX:
-3.23%
Returns By Period
In the year-to-date period, PEGZX achieves a -4.57% return, which is significantly lower than FCNTX's 4.71% return. Over the past 10 years, PEGZX has underperformed FCNTX with an annualized return of 8.76%, while FCNTX has yielded a comparatively higher 15.30% annualized return.
PEGZX
-4.57%
8.42%
-10.84%
4.26%
8.57%
9.31%
8.76%
FCNTX
4.71%
6.90%
3.75%
18.39%
21.80%
17.66%
15.30%
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PEGZX vs. FCNTX - Expense Ratio Comparison
PEGZX has a 0.71% expense ratio, which is higher than FCNTX's 0.39% expense ratio.
Risk-Adjusted Performance
PEGZX vs. FCNTX — Risk-Adjusted Performance Rank
PEGZX
FCNTX
PEGZX vs. FCNTX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for PGIM Jennison Mid-Cap Growth Fund (PEGZX) and Fidelity Contrafund Fund (FCNTX). 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.
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Dividends
PEGZX vs. FCNTX - Dividend Comparison
PEGZX's dividend yield for the trailing twelve months is around 5.07%, more than FCNTX's 4.77% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PEGZX PGIM Jennison Mid-Cap Growth Fund | 5.07% | 4.84% | 3.08% | 1.39% | 29.97% | 36.38% | 34.19% | 40.45% | 13.28% | 6.40% | 8.82% | 10.62% |
FCNTX Fidelity Contrafund Fund | 4.77% | 4.19% | 4.26% | 13.65% | 10.80% | 8.01% | 4.16% | 9.14% | 6.08% | 3.81% | 5.33% | 7.29% |
Drawdowns
PEGZX vs. FCNTX - Drawdown Comparison
The maximum PEGZX drawdown since its inception was -70.09%, which is greater than FCNTX's maximum drawdown of -49.03%. Use the drawdown chart below to compare losses from any high point for PEGZX and FCNTX.
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Volatility
PEGZX vs. FCNTX - Volatility Comparison
PGIM Jennison Mid-Cap Growth Fund (PEGZX) has a higher volatility of 5.81% compared to Fidelity Contrafund Fund (FCNTX) at 5.14%. This indicates that PEGZX's price experiences larger fluctuations and is considered to be riskier than FCNTX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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