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 13.64%/yr vs 9.07%/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 13.64%, while SFPAX has yielded a comparatively lower 9.07% 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%
SFPAX
- 1D
- 0.00%
- 1M
- 0.00%
- YTD
- 0.00%
- 6M
- 0.00%
- 1Y
- 5.46%
- 3Y*
- 15.05%
- 5Y*
- 6.91%
- 10Y*
- 9.07%
PFSZX vs. SFPAX - 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% |
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 0.57, 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 | 0.57 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.83 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.90 |
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 0.57 - 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 | -0.07 | ||
| Sortino ratioReturn per unit of downside risk | -0.02 | ||
| Omega ratioGain probability vs. loss probability | 1.12 | 1.18 | -0.06 |
| Calmar ratioReturn relative to maximum drawdown | 0.63 | 1.33 | -0.70 |
| Martin ratioReturn relative to average drawdown | 1.60 | 2.72 | -1.12 |
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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 | -3.70% | -2.65% | -1.05% |
Average DrawdownAverage peak-to-trough decline | -9.66% | -20.93% | +11.27% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.19% | 2.34% | +3.85% |
Volatility
PFSZX vs. SFPAX - Volatility Comparison
PGIM Jennison Financial Services Fund (PFSZX) has a higher volatility of 4.70% 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 | 4.70% | 0.00% | +4.70% |
Volatility (6M)Calculated over the trailing 6-month period | 12.50% | 3.50% | +9.00% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.27% | 9.55% | +6.72% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.52% | 18.80% | +2.72% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 23.07% | 22.62% | +0.45% |
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 9.71%, 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 | 9.71% | 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 0.57, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
PFSZX has higher volatility (4.70%) compared to SFPAX (0.00%). In terms of maximum drawdown, PFSZX dropped -55.10% vs SFPAX's -71.98%.
SFPAX currently has the higher Sharpe Ratio (0.68 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.
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