PGKZX vs. XLK

Last updated Jun 25, 2026

PGKZX (PGIM Jennison Technology Fund) and XLK (State Street Technology Select Sector SPDR ETF) are both Technology Equities funds. Over the past 5 years, PGKZX returned 16.53%/yr vs 21.22%/yr for XLK. Their correlation of 0.93 suggests significant overlap in exposure. PGKZX charges 0.85%/yr vs 0.08%/yr for XLK.

Performance

PGKZX vs. XLK - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in PGIM Jennison Technology Fund (PGKZX) and State Street Technology Select Sector SPDR ETF (XLK). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, PGKZX achieves a 17.45% return, which is significantly lower than XLK's 27.45% return.

PGKZX

• 1D: -3.50%
• 1M: 0.45%
• YTD: 17.45%
• 6M: 15.99%
• 1Y: 33.46%
• 3Y*: 32.21%
• 5Y*: 16.53%
• 10Y*: —

XLK

• 1D: -0.62%
• 1M: 1.60%
• YTD: 27.45%
• 6M: 25.42%
• 1Y: 48.85%
• 3Y*: 30.34%
• 5Y*: 21.22%
• 10Y*: 25.40%

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

PGKZX vs. XLK - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018
PGKZX PGIM Jennison Technology Fund	17.45%	16.93%	43.15%	65.78%	-38.60%	15.27%	64.06%	33.96%	-8.52%
XLK State Street Technology Select Sector SPDR ETF	27.45%	24.61%	21.63%	56.02%	-27.73%	34.74%	43.62%	49.86%	-13.01%

Correlation

The correlation between PGKZX and XLK is 0.95, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.95
Correlation (3Y) Calculated over the trailing 3-year period	0.94
Correlation (5Y) Calculated over the trailing 5-year period	0.94
Correlation (All Time) Calculated using the full available price history since Jun 19, 2018	0.93

The correlation between PGKZX and XLK has been stable across timeframes, ranging from 0.93 to 0.95 - a consistent structural relationship.

Return for Risk

PGKZX vs. XLK — Risk / Return Rank

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

PGKZX

PGKZX Risk / Return Rank: 35
PGKZX Sharpe Ratio Rank: 38
PGKZX Sortino Ratio Rank: 32
PGKZX Omega Ratio Rank: 34
PGKZX Calmar Ratio Rank: 40
PGKZX Martin Ratio Rank: 32

XLK

XLK Risk / Return Rank: 66
XLK Sharpe Ratio Rank: 73
XLK Sortino Ratio Rank: 63
XLK Omega Ratio Rank: 65
XLK Calmar Ratio Rank: 68
XLK Martin Ratio Rank: 60

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.

PGKZX vs. XLK - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for PGIM Jennison Technology Fund (PGKZX) and State Street Technology Select Sector SPDR ETF (XLK). 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.

	PGKZX	XLK	Difference
Sharpe ratio: Return per unit of total volatility	1.59	2.10	-0.50
Sortino ratio: Return per unit of downside risk	2.12	2.62	-0.50
Omega ratio: Gain probability vs. loss probability	1.28	1.35	-0.08
Calmar ratio: Return relative to maximum drawdown	2.21	3.08	-0.88
Martin ratio: Return relative to average drawdown	6.60	9.79	-3.19

PGKZX vs. XLK - Sharpe Ratio Comparison

The current PGKZX Sharpe Ratio is 1.59, which is comparable to the XLK Sharpe Ratio of 2.10. The chart below compares the historical Sharpe Ratios of PGKZX and XLK, 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

PGKZX vs. XLK - Drawdown Comparison

The maximum PGKZX drawdown since its inception was -48.47%, smaller than the maximum XLK drawdown of -82.05%. Use the drawdown chart below to compare losses from any high point for PGKZX and XLK.

Drawdown Indicators

	PGKZX	XLK	Difference
Max Drawdown Largest peak-to-trough decline	-48.47%	-82.05%	+33.58%
Max Drawdown (1Y) Largest decline over 1 year	-16.55%	-15.92%	-0.63%
Max Drawdown (3Y) Largest decline over 3 years	-30.48%	-25.66%	-4.82%
Max Drawdown (5Y) Largest decline over 5 years	-48.47%	-33.56%	-14.91%
Max Drawdown (10Y) Largest decline over 10 years	—	-33.56%	—
Current Drawdown Current decline from peak	-6.93%	-7.54%	+0.61%
Average Drawdown Average peak-to-trough decline	-11.34%	-34.90%	+23.56%
Ulcer Index Depth and duration of drawdowns from previous peaks	5.52%	5.00%	+0.52%

Volatility

PGKZX vs. XLK - Volatility Comparison

The current volatility for PGIM Jennison Technology Fund (PGKZX) is 10.65%, while State Street Technology Select Sector SPDR ETF (XLK) has a volatility of 12.50%. This indicates that PGKZX experiences smaller price fluctuations and is considered to be less risky than XLK based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	PGKZX	XLK	Difference
Volatility (1M) Calculated over the trailing 1-month period	10.65%	12.50%	-1.85%
Volatility (6M) Calculated over the trailing 6-month period	18.51%	19.62%	-1.11%
Volatility (1Y) Calculated over the trailing 1-year period	22.93%	23.47%	-0.54%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	28.34%	25.37%	+2.97%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	28.43%	24.71%	+3.72%

PGKZX vs. XLK - Expense Ratio Comparison

PGKZX has a 0.85% expense ratio, which is higher than XLK's 0.08% expense ratio.

Dividends

PGKZX vs. XLK - Dividend Comparison

PGKZX's dividend yield for the trailing twelve months is around 4.64%, more than XLK's 0.43% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
PGKZX PGIM Jennison Technology Fund	4.64%	5.45%	7.67%	0.00%	0.00%	9.73%	4.41%	0.04%	0.09%	0.00%	0.00%	0.00%
XLK State Street Technology Select Sector SPDR ETF	0.43%	0.54%	0.66%	0.76%	1.04%	0.65%	0.92%	1.16%	1.60%	1.37%	1.74%	1.79%

Frequently Asked Questions

Can I hold both PGKZX and XLK in my portfolio?

With a correlation of 0.95, PGKZX and XLK move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which is riskier, PGKZX or XLK?

XLK has higher volatility (12.50%) compared to PGKZX (10.65%). In terms of maximum drawdown, PGKZX dropped -48.47% vs XLK's -82.05%.

Which has better risk-adjusted returns?

XLK currently has the higher Sharpe Ratio (2.10 vs 1.59), 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.