PFSZX vs. FASGX

Last updated Jun 23, 2026

PFSZX (PGIM Jennison Financial Services Fund) and FASGX (Fidelity Asset Manager 70% Fund) are both mutual funds - PFSZX is a Financials Equities fund managed by BlackRock, while FASGX is a Diversified Portfolio fund managed by BlackRock. Over the past 10 years, PFSZX returned 13.64%/yr vs 10.10%/yr for FASGX. Their correlation of 0.82 suggests significant overlap in exposure. PFSZX charges 1.00%/yr vs 0.67%/yr for FASGX.

Performance

PFSZX vs. FASGX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in PGIM Jennison Financial Services Fund (PFSZX) and Fidelity Asset Manager 70% Fund (FASGX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, PFSZX achieves a -0.04% return, which is significantly lower than FASGX's 12.03% return. Over the past 10 years, PFSZX has outperformed FASGX with an annualized return of 13.64%, while FASGX has yielded a comparatively lower 10.10% annualized return.

PFSZX

• 1D: -0.69%
• 1M: 3.47%
• YTD: -0.04%
• 6M: -1.61%
• 1Y: 9.55%
• 3Y*: 23.05%
• 5Y*: 11.83%
• 10Y*: 13.64%

FASGX

• 1D: 1.23%
• 1M: 2.18%
• YTD: 12.03%
• 6M: 12.13%
• 1Y: 26.17%
• 3Y*: 15.73%
• 5Y*: 8.55%
• 10Y*: 10.10%

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

PFSZX vs. FASGX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
PFSZX PGIM Jennison Financial Services Fund	-0.04%	12.06%	42.87%	20.73%	-17.36%	26.81%	10.81%	33.73%	-13.56%	23.53%
FASGX Fidelity Asset Manager 70% Fund	12.03%	18.23%	10.81%	16.45%	-16.83%	13.98%	17.19%	22.81%	-7.65%	17.34%

Correlation

The correlation between PFSZX and FASGX is 0.53, 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	0.53
Correlation (3Y) Calculated over the trailing 3-year period	0.65
Correlation (5Y) Calculated over the trailing 5-year period	0.76
Correlation (10Y) Calculated over the trailing 10-year period	0.76
Correlation (All Time) Calculated using the full available price history since Jun 30, 1999	0.82

Over the past year, the correlation between PFSZX and FASGX has dropped to 0.53 - well below their long-term average of 0.82, suggesting their price drivers have been diverging.

Return for Risk

PFSZX vs. FASGX — Risk / Return Rank

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

PFSZX

PFSZX Risk / Return Rank: 7
PFSZX Sharpe Ratio Rank: 8
PFSZX Sortino Ratio Rank: 8
PFSZX Omega Ratio Rank: 8
PFSZX Calmar Ratio Rank: 7
PFSZX Martin Ratio Rank: 7

FASGX

FASGX Risk / Return Rank: 76
FASGX Sharpe Ratio Rank: 76
FASGX Sortino Ratio Rank: 73
FASGX Omega Ratio Rank: 74
FASGX Calmar Ratio Rank: 76
FASGX Martin Ratio Rank: 82

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.

PFSZX vs. FASGX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for PGIM Jennison Financial Services Fund (PFSZX) and Fidelity Asset Manager 70% Fund (FASGX). 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.

	PFSZX	FASGX	Difference
Sharpe ratio: Return per unit of total volatility	0.61	2.34	-1.74
Sortino ratio: Return per unit of downside risk	0.93	3.24	-2.31
Omega ratio: Gain probability vs. loss probability	1.12	1.44	-0.32
Calmar ratio: Return relative to maximum drawdown	0.63	3.27	-2.64
Martin ratio: Return relative to average drawdown	1.60	14.11	-12.51

PFSZX vs. FASGX - Sharpe Ratio Comparison

The current PFSZX Sharpe Ratio is 0.61, which is lower than the FASGX Sharpe Ratio of 2.34. The chart below compares the historical Sharpe Ratios of PFSZX and FASGX, 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

PFSZX vs. FASGX - Drawdown Comparison

The maximum PFSZX drawdown since its inception was -55.10%, which is greater than FASGX's maximum drawdown of -47.35%. Use the drawdown chart below to compare losses from any high point for PFSZX and FASGX.

Drawdown Indicators

	PFSZX	FASGX	Difference
Max Drawdown Largest peak-to-trough decline	-55.10%	-47.35%	-7.75%
Max Drawdown (1Y) Largest decline over 1 year	-15.70%	-7.95%	-7.75%
Max Drawdown (3Y) Largest decline over 3 years	-19.32%	-12.80%	-6.52%
Max Drawdown (5Y) Largest decline over 5 years	-31.42%	-23.54%	-7.88%
Max Drawdown (10Y) Largest decline over 10 years	-44.49%	-27.20%	-17.29%
Current Drawdown Current decline from peak	-3.70%	0.00%	-3.70%
Average Drawdown Average peak-to-trough decline	-9.66%	-6.71%	-2.95%
Ulcer Index Depth and duration of drawdowns from previous peaks	6.19%	1.84%	+4.35%

Volatility

PFSZX vs. FASGX - Volatility Comparison

PGIM Jennison Financial Services Fund (PFSZX) and Fidelity Asset Manager 70% Fund (FASGX) have volatilities of 4.70% and 4.68%, 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

	PFSZX	FASGX	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.70%	4.68%	+0.02%
Volatility (6M) Calculated over the trailing 6-month period	12.50%	9.32%	+3.18%
Volatility (1Y) Calculated over the trailing 1-year period	16.27%	11.08%	+5.19%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	21.52%	12.40%	+9.12%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	23.07%	12.71%	+10.36%

PFSZX vs. FASGX - Expense Ratio Comparison

PFSZX has a 1.00% expense ratio, which is higher than FASGX's 0.67% expense ratio.

Dividends

PFSZX vs. FASGX - Dividend Comparison

PFSZX's dividend yield for the trailing twelve months is around 9.71%, more than FASGX's 6.55% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FASGX Fidelity Asset Manager 70% Fund	6.55%	7.33%	4.60%	1.72%	6.69%	2.73%	2.20%	5.19%	6.31%	2.75%	0.20%	5.58%
PFSZX PGIM Jennison Financial Services Fund	9.71%	9.71%	14.10%	6.25%	2.95%	10.03%	0.60%	0.80%	1.13%	1.40%	1.91%	2.20%

Frequently Asked Questions

Can I hold both PFSZX and FASGX in my portfolio?

PFSZX and FASGX have a correlation of 0.53, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, PFSZX or FASGX?

PFSZX has higher volatility (4.70%) compared to FASGX (4.68%). In terms of maximum drawdown, PFSZX dropped -55.10% vs FASGX's -47.35%.

Which has better risk-adjusted returns?

FASGX currently has the higher Sharpe Ratio (2.34 vs 0.61), 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.