Correlation
The correlation between PEGZX and FSMDX 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. FSMDX
Compare and contrast key facts about PGIM Jennison Mid-Cap Growth Fund (PEGZX) and Fidelity Mid Cap Index Fund (FSMDX).
PEGZX is managed by PGIM Investments. It was launched on Dec 31, 1996. FSMDX is managed by Fidelity. It was launched on Sep 8, 2011.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: PEGZX or FSMDX.
Performance
PEGZX vs. FSMDX - Performance Comparison
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Key characteristics
PEGZX:
0.18
FSMDX:
0.57
PEGZX:
0.34
FSMDX:
0.88
PEGZX:
1.05
FSMDX:
1.12
PEGZX:
0.10
FSMDX:
0.50
PEGZX:
0.30
FSMDX:
1.72
PEGZX:
9.87%
FSMDX:
6.09%
PEGZX:
24.69%
FSMDX:
19.80%
PEGZX:
-70.09%
FSMDX:
-40.35%
PEGZX:
-11.83%
FSMDX:
-6.12%
Returns By Period
In the year-to-date period, PEGZX achieves a -4.57% return, which is significantly lower than FSMDX's 1.04% return. Over the past 10 years, PEGZX has underperformed FSMDX with an annualized return of 8.76%, while FSMDX has yielded a comparatively higher 9.24% annualized return.
PEGZX
-4.57%
8.42%
-10.84%
4.26%
8.57%
9.31%
8.76%
FSMDX
1.04%
5.63%
-6.05%
10.32%
9.07%
12.69%
9.24%
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PEGZX vs. FSMDX - Expense Ratio Comparison
PEGZX has a 0.71% expense ratio, which is higher than FSMDX's 0.03% expense ratio.
Risk-Adjusted Performance
PEGZX vs. FSMDX — Risk-Adjusted Performance Rank
PEGZX
FSMDX
PEGZX vs. FSMDX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for PGIM Jennison Mid-Cap Growth Fund (PEGZX) and Fidelity Mid Cap Index Fund (FSMDX). 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. FSMDX - Dividend Comparison
PEGZX's dividend yield for the trailing twelve months is around 5.07%, more than FSMDX's 2.29% 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% |
FSMDX Fidelity Mid Cap Index Fund | 2.29% | 2.32% | 1.39% | 2.07% | 3.35% | 2.34% | 2.86% | 2.60% | 2.53% | 2.23% | 4.29% | 2.59% |
Drawdowns
PEGZX vs. FSMDX - Drawdown Comparison
The maximum PEGZX drawdown since its inception was -70.09%, which is greater than FSMDX's maximum drawdown of -40.35%. Use the drawdown chart below to compare losses from any high point for PEGZX and FSMDX.
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Volatility
PEGZX vs. FSMDX - Volatility Comparison
PGIM Jennison Mid-Cap Growth Fund (PEGZX) has a higher volatility of 5.81% compared to Fidelity Mid Cap Index Fund (FSMDX) at 5.16%. This indicates that PEGZX's price experiences larger fluctuations and is considered to be riskier than FSMDX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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