PGNAX vs. AIFRX

Last updated Aug 5, 2026

PGNAX (PGIM Jennison Natural Resources Fund) and AIFRX (abrdn Global Infrastructure Fund) are both mutual funds - PGNAX is a Energy Equities fund managed by PGIM, while AIFRX is a Infrastructure Equities fund managed by Aberdeen. Over the past 10 years, PGNAX returned 10.07%/yr vs 9.86%/yr for AIFRX. Their 0.68 correlation means they have sometimes moved together and sometimes differently. PGNAX charges 1.27%/yr vs 0.99%/yr for AIFRX.

Performance

PGNAX vs. AIFRX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in PGIM Jennison Natural Resources Fund (PGNAX) and abrdn Global Infrastructure Fund (AIFRX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, PGNAX achieves a 14.14% return, which is significantly higher than AIFRX's 12.73% return. Both investments have delivered pretty close results over the past 10 years, with PGNAX having a 10.07% annualized return and AIFRX not far behind at 9.86%.

PGNAX

• 1D: -0.14%
• 1M: 2.59%
• 6M: -3.69%
• YTD: 14.14%
• 1Y: 42.26%
• 3Y*: 14.88%
• 5Y*: 16.03%
• 10Y*: 10.07%
• ALL TIME*: 8.68%

AIFRX

• 1D: 0.00%
• 1M: -0.52%
• 6M: 5.19%
• YTD: 12.73%
• 1Y: 18.55%
• 3Y*: 16.01%
• 5Y*: 9.79%
• 10Y*: 9.86%
• ALL TIME*: 11.18%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
AIFRX abrdn Global Infrastructure Fund	$0.00	$0.00	$0.00
PGNAX PGIM Jennison Natural Resources Fund	$0.00	$0.00	$0.00

PGNAX vs. AIFRX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
PGNAX PGIM Jennison Natural Resources Fund	14.14%	38.58%	0.80%	-2.22%	24.40%	27.22%	11.22%	16.50%	-27.87%	4.99%
AIFRX abrdn Global Infrastructure Fund	12.73%	26.92%	2.88%	13.10%	-7.95%	15.61%	1.87%	28.41%	-9.31%	25.24%

Correlation

The correlation between PGNAX and AIFRX is 0.45, which is low. Their historical price movements had little consistent relationship.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.45
Correlation (3Y) Balances recent behavior with more history.	0.51
Correlation (5Y) Shows whether the relationship held over a longer period.	0.57
Correlation (10Y) Provides a long-term view across more market conditions.	0.61
Correlation (All Time) Calculated using the full available price history since Jan 2, 2009	0.68

Over the past year, the correlation between PGNAX and AIFRX has dropped to 0.45 - well below their long-term average of 0.68, suggesting their price drivers have been diverging.

Return for Risk

PGNAX vs. AIFRX — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

PGNAX

PGNAX Risk / Return Rank: 73
PGNAX Sharpe Ratio Rank: 79
PGNAX Sortino Ratio Rank: 63
PGNAX Omega Ratio Rank: 70
PGNAX Calmar Ratio Rank: 89
PGNAX Martin Ratio Rank: 64

AIFRX

AIFRX Risk / Return Rank: 76
AIFRX Sharpe Ratio Rank: 76
AIFRX Sortino Ratio Rank: 75
AIFRX Omega Ratio Rank: 70
AIFRX Calmar Ratio Rank: 83
AIFRX Martin Ratio Rank: 75

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

PGNAX vs. AIFRX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for PGIM Jennison Natural Resources Fund (PGNAX) and abrdn Global Infrastructure Fund (AIFRX). 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.

	PGNAX	AIFRX	Difference
Sharpe ratio: Return per unit of total volatility	1.97	1.91	+0.07
Sortino ratio: Return per unit of downside risk	2.45	2.70	-0.25
Omega ratio: Gain probability vs. loss probability	1.34	1.34	0.00
Calmar ratio: Return relative to maximum drawdown	3.56	3.08	+0.49
Martin ratio: Return relative to average drawdown	9.11	10.30	-1.19

PGNAX vs. AIFRX - Sharpe Ratio Comparison

The current PGNAX Sharpe Ratio is 1.97, which is comparable to the AIFRX Sharpe Ratio of 1.91. The chart below compares the historical Sharpe Ratios of PGNAX and AIFRX, 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

PGNAX vs. AIFRX - Drawdown Comparison

The maximum PGNAX drawdown since its inception was -76.46%, which is greater than AIFRX's maximum drawdown of -38.38%. Use the drawdown chart below to compare losses from any high point for PGNAX and AIFRX.

Drawdown Indicators

	PGNAX	AIFRX	Difference
Max Drawdown Largest peak-to-trough decline	-76.46%	-38.38%	-38.08%
Max Drawdown (1Y) Largest decline over 1 year	-12.49%	-6.42%	-6.07%
Max Drawdown (3Y) Largest decline over 3 years	-25.21%	-12.40%	-12.81%
Max Drawdown (5Y) Largest decline over 5 years	-29.24%	-22.75%	-6.49%
Max Drawdown (10Y) Largest decline over 10 years	-63.86%	-38.38%	-25.48%
Current Drawdown Current decline from peak	-9.73%	-2.30%	-7.43%
Average Drawdown Average peak-to-trough decline	-20.17%	-5.43%	-14.74%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.87%	1.91%	+2.96%

Volatility

PGNAX vs. AIFRX - Volatility Comparison

PGIM Jennison Natural Resources Fund (PGNAX) has a higher volatility of 5.81% compared to abrdn Global Infrastructure Fund (AIFRX) at 2.34%. This indicates that PGNAX's price experiences larger fluctuations and is considered to be riskier than AIFRX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	PGNAX	AIFRX	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.81%	2.34%	+3.47%
Volatility (6M) Calculated over the trailing 6-month period	17.27%	8.49%	+8.78%
Volatility (1Y) Calculated over the trailing 1-year period	22.57%	10.38%	+12.19%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	25.27%	14.00%	+11.27%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	26.42%	15.77%	+10.65%

PGNAX vs. AIFRX - Expense Ratio Comparison

PGNAX has a 1.27% expense ratio, which is higher than AIFRX's 0.99% expense ratio.

Dividends

PGNAX vs. AIFRX - Dividend Comparison

PGNAX's dividend yield for the trailing twelve months is around 0.84%, less than AIFRX's 7.01% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
AIFRX abrdn Global Infrastructure Fund	7.01%	7.80%	8.13%	3.46%	4.86%	5.31%	3.45%	4.01%	3.96%	3.80%	4.37%	4.55%
PGNAX PGIM Jennison Natural Resources Fund	0.84%	0.96%	0.98%	1.93%	2.75%	0.84%	1.32%	1.78%	1.59%	0.00%	1.15%	0.00%

Frequently Asked Questions

Can I hold both PGNAX and AIFRX in my portfolio?

PGNAX and AIFRX have a correlation of 0.45, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, PGNAX or AIFRX?

PGNAX has higher volatility (5.81%) compared to AIFRX (2.34%). In terms of maximum drawdown, PGNAX dropped -76.46% vs AIFRX's -38.38%.

Which has better risk-adjusted returns?

PGNAX currently has the higher Sharpe Ratio (1.97 vs 1.91), 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.