PFSZX vs. SFPAX
PFSZX (PGIM Jennison Financial Services Fund) and SFPAX (Saratoga Financial Service Fund) are both Financials Equities funds from BlackRock. Over the past 10 years, PFSZX returned 15.09%/yr vs 9.04%/yr for SFPAX. Their correlation of 0.90 suggests significant overlap in exposure. PFSZX charges 1.00%/yr vs 3.81%/yr for SFPAX.
Performance
PFSZX vs. SFPAX - Performance Comparison
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Returns By Period
Over the past 10 years, PFSZX has outperformed SFPAX with an annualized return of 15.09%, while SFPAX has yielded a comparatively lower 9.04% annualized return.
PFSZX
- 1D
- 1.42%
- 1M
- 4.56%
- 6M
- 2.27%
- YTD
- 4.86%
- 1Y
- 9.34%
- 3Y*
- 24.94%
- 5Y*
- 11.89%
- 10Y*
- 15.09%
SFPAX
- 1D
- 0.00%
- 1M
- 0.00%
- 6M
- 0.00%
- YTD
- 0.00%
- 1Y
- 0.82%
- 3Y*
- 15.10%
- 5Y*
- 6.22%
- 10Y*
- 9.04%
PFSZX vs. SFPAX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
PFSZX PGIM Jennison Financial Services Fund | 4.86% | 12.06% | 42.87% | 20.73% | -17.36% | 26.81% | 10.81% | 33.73% | -13.56% | 23.53% |
SFPAX Saratoga Financial Service Fund | 0.00% | 7.00% | 26.05% | 10.58% | -14.36% | 31.17% | -5.81% | 29.63% | -19.23% | 19.28% |
Correlation
The correlation between PFSZX and SFPAX is 0.52, 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 | 0.52 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.82 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.89 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.90 |
Correlation (All Time) Calculated using the full available price history since Jan 2, 2001 | 0.90 |
Over the past year, the correlation between PFSZX and SFPAX has dropped to 0.52 - well below their long-term average of 0.90, suggesting their price drivers have been diverging.
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Return for Risk
PFSZX vs. SFPAX — Risk / Return Rank
PFSZX
SFPAX
PFSZX vs. SFPAX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for PGIM Jennison Financial Services Fund (PFSZX) and Saratoga Financial Service Fund (SFPAX). 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 | SFPAX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.65 | ||
| Sortino ratioReturn per unit of downside risk | +0.92 | ||
| Omega ratioGain probability vs. loss probability | 1.11 | 0.98 | +0.12 |
| Calmar ratioReturn relative to maximum drawdown | 0.56 | -0.21 | +0.77 |
| Martin ratioReturn relative to average drawdown | 1.42 | -0.42 | +1.84 |
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Drawdowns
PFSZX vs. SFPAX - Drawdown Comparison
The maximum PFSZX drawdown since its inception was -55.10%, smaller than the maximum SFPAX drawdown of -71.98%. Use the drawdown chart below to compare losses from any high point for PFSZX and SFPAX.
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Drawdown Indicators
| PFSZX | SFPAX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -55.10% | -71.98% | +16.88% |
Max Drawdown (1Y)Largest decline over 1 year | -15.70% | -4.86% | -10.84% |
Max Drawdown (3Y)Largest decline over 3 years | -19.32% | -17.92% | -1.40% |
Max Drawdown (5Y)Largest decline over 5 years | -31.42% | -27.51% | -3.91% |
Max Drawdown (10Y)Largest decline over 10 years | -44.49% | -45.64% | +1.15% |
Current DrawdownCurrent decline from peak | -0.50% | -2.65% | +2.15% |
Average DrawdownAverage peak-to-trough decline | -9.65% | -20.91% | +11.26% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.20% | 2.32% | +3.88% |
Volatility
PFSZX vs. SFPAX - Volatility Comparison
PGIM Jennison Financial Services Fund (PFSZX) has a higher volatility of 4.48% compared to Saratoga Financial Service Fund (SFPAX) at 0.00%. This indicates that PFSZX's price experiences larger fluctuations and is considered to be riskier than SFPAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PFSZX | SFPAX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.48% | 0.00% | +4.48% |
Volatility (6M)Calculated over the trailing 6-month period | 12.67% | 1.96% | +10.71% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.42% | 9.20% | +7.22% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.49% | 18.73% | +2.76% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 22.71% | 22.51% | +0.20% |
PFSZX vs. SFPAX - Expense Ratio Comparison
PFSZX has a 1.00% expense ratio, which is lower than SFPAX's 3.81% expense ratio.
Dividends
PFSZX vs. SFPAX - Dividend Comparison
PFSZX's dividend yield for the trailing twelve months is around 9.26%, while SFPAX has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PFSZX PGIM Jennison Financial Services Fund | 9.26% | 9.71% | 14.10% | 6.25% | 2.95% | 10.03% | 0.60% | 0.80% | 1.13% | 1.40% | 1.91% | 2.20% |
SFPAX Saratoga Financial Service Fund | 0.00% | 0.00% | 5.91% | 5.05% | 5.71% | 5.03% | 4.18% | 7.10% | 22.58% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
PFSZX and SFPAX have a correlation of 0.52, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
PFSZX has higher volatility (4.48%) compared to SFPAX (0.00%). In terms of maximum drawdown, PFSZX dropped -55.10% vs SFPAX's -71.98%.
PFSZX currently has the higher Sharpe Ratio (0.54 vs -0.11), 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.
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