PEGZX vs. FSMDX

Last updated Apr 1, 2026

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. It was launched on Dec 31, 1996. FSMDX is managed by Fidelity. It was launched on Sep 8, 2011.

Performance

PEGZX vs. FSMDX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in PGIM Jennison Mid-Cap Growth Fund (PEGZX) and Fidelity Mid Cap Index Fund (FSMDX). The values are adjusted to include any dividend payments, if applicable.

PEGZX vs. FSMDX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
PEGZX PGIM Jennison Mid-Cap Growth Fund	-11.28%	-2.39%	11.98%	20.63%	-23.79%	11.59%	42.90%	112.92%	-8.31%	22.63%
FSMDX Fidelity Mid Cap Index Fund	-1.30%	10.58%	15.55%	17.20%	-17.27%	22.56%	17.13%	30.53%	-9.38%	18.04%

Returns By Period

In the year-to-date period, PEGZX achieves a -11.28% return, which is significantly lower than FSMDX's -1.30% return. Over the past 10 years, PEGZX has outperformed FSMDX with an annualized return of 13.51%, while FSMDX has yielded a comparatively lower 10.52% annualized return.

PEGZX

• 1D: -0.98%
• 1M: -9.60%
• YTD: -11.28%
• 6M: -15.33%
• 1Y: -0.67%
• 3Y*: 2.54%
• 5Y*: -0.32%
• 10Y*: 13.51%

FSMDX

• 1D: -0.76%
• 1M: -7.77%
• YTD: -1.30%
• 6M: -1.14%
• 1Y: 13.02%
• 3Y*: 12.41%
• 5Y*: 6.74%
• 10Y*: 10.52%

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

PEGZX vs. FSMDX - Expense Ratio Comparison

PEGZX has a 0.71% expense ratio, which is higher than FSMDX's 0.03% expense ratio.

PEGZX

PGIM Jennison Mid-Cap Growth Fund

FSMDX

Fidelity Mid Cap Index Fund

Return for Risk

PEGZX vs. FSMDX — Risk / Return Rank

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

PEGZX

PEGZX Risk / Return Rank: 5
PEGZX Sharpe Ratio Rank: 5
PEGZX Sortino Ratio Rank: 5
PEGZX Omega Ratio Rank: 5
PEGZX Calmar Ratio Rank: 4
PEGZX Martin Ratio Rank: 4

FSMDX

FSMDX Risk / Return Rank: 34
FSMDX Sharpe Ratio Rank: 33
FSMDX Sortino Ratio Rank: 34
FSMDX Omega Ratio Rank: 33
FSMDX Calmar Ratio Rank: 31
FSMDX Martin Ratio Rank: 39

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.

PEGZX vs. FSMDX - Risk-Adjusted Trends 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.

	PEGZX	FSMDX	Difference
Sharpe ratio Return per unit of total volatility	-0.05	0.72	-0.76
Sortino ratio Return per unit of downside risk	0.09	1.13	-1.03
Omega ratio Gain probability vs. loss probability	1.01	1.16	-0.15
Calmar ratio Return relative to maximum drawdown	-0.17	0.87	-1.04
Martin ratio Return relative to average drawdown	-0.54	4.07	-4.61
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

PEGZX vs. FSMDX - Sharpe Ratio Comparison

The current PEGZX Sharpe Ratio is -0.05, which is lower than the FSMDX Sharpe Ratio of 0.72. The chart below compares the historical Sharpe Ratios of PEGZX and FSMDX, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	PEGZX	FSMDX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.05	0.72	-0.76
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.01	0.37	-0.39
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.49	0.55	-0.06
Sharpe Ratio (All Time) Calculated using the full available price history	0.43	0.65	-0.22

Correlation

The correlation between PEGZX and FSMDX is 0.92, 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.

Dividends

PEGZX vs. FSMDX - Dividend Comparison

PEGZX's dividend yield for the trailing twelve months is around 9.14%, more than FSMDX's 1.12% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
PEGZX PGIM Jennison Mid-Cap Growth Fund	9.14%	8.11%	4.84%	3.08%	1.39%	29.97%	36.38%	68.39%	40.45%	13.28%	6.40%	8.82%
FSMDX Fidelity Mid Cap Index Fund	1.12%	1.10%	2.46%	1.39%	2.07%	3.35%	2.34%	2.86%	2.21%	2.17%	2.23%	2.84%

Drawdowns

PEGZX vs. FSMDX - Drawdown Comparison

The maximum PEGZX drawdown since its inception was -70.78%, 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.

Drawdown Indicators

	PEGZX	FSMDX	Difference
Max Drawdown Largest peak-to-trough decline	-70.78%	-40.35%	-30.43%
Max Drawdown (1Y) Largest decline over 1 year	-17.25%	-13.42%	-3.83%
Max Drawdown (5Y) Largest decline over 5 years	-36.37%	-26.07%	-10.30%
Max Drawdown (10Y) Largest decline over 10 years	-36.37%	-40.35%	+3.98%
Current Drawdown Current decline from peak	-19.99%	-8.16%	-11.83%
Average Drawdown Average peak-to-trough decline	-17.33%	-5.00%	-12.33%
Ulcer Index Depth and duration of drawdowns from previous peaks	5.51%	2.86%	+2.65%

Volatility

PEGZX vs. FSMDX - Volatility Comparison

PGIM Jennison Mid-Cap Growth Fund (PEGZX) has a higher volatility of 5.96% compared to Fidelity Mid Cap Index Fund (FSMDX) at 4.74%. 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.

Volatility by Period

	PEGZX	FSMDX	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.96%	4.74%	+1.22%
Volatility (6M) Calculated over the trailing 6-month period	12.05%	10.17%	+1.88%
Volatility (1Y) Calculated over the trailing 1-year period	22.05%	18.96%	+3.09%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	22.21%	18.23%	+3.98%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	27.90%	19.28%	+8.62%