PGNAX vs. DLDRX

Last updated Jun 4, 2026

PGNAX (PGIM Jennison Natural Resources Fund) and DLDRX (BNY Mellon Natural Resources Fund) are both Energy Equities funds. Over the past 10 years, PGNAX returned 11.70%/yr vs 14.07%/yr for DLDRX. Their correlation of 0.94 suggests significant overlap in exposure. PGNAX charges 1.27%/yr vs 0.91%/yr for DLDRX.

Performance

PGNAX vs. DLDRX - Performance Comparison

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

Returns By Period

The year-to-date returns for both stocks are quite close, with PGNAX having a 25.96% return and DLDRX slightly lower at 25.52%. Over the past 10 years, PGNAX has underperformed DLDRX with an annualized return of 11.70%, while DLDRX has yielded a comparatively higher 14.07% annualized return.

PGNAX

• 1D: 2.05%
• 1M: 2.95%
• YTD: 25.96%
• 6M: 29.00%
• 1Y: 61.83%
• 3Y*: 22.60%
• 5Y*: 16.59%
• 10Y*: 11.70%

DLDRX

• 1D: 1.00%
• 1M: 1.07%
• YTD: 25.52%
• 6M: 30.23%
• 1Y: 53.26%
• 3Y*: 16.25%
• 5Y*: 15.77%
• 10Y*: 14.07%

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

PGNAX vs. DLDRX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
PGNAX PGIM Jennison Natural Resources Fund	25.96%	38.58%	0.80%	-2.22%	24.40%	27.22%	11.22%	16.50%	-27.87%	4.99%
DLDRX BNY Mellon Natural Resources Fund	25.52%	15.04%	0.81%	1.58%	34.18%	38.30%	6.58%	16.64%	-17.57%	14.05%

Correlation

The correlation between PGNAX and DLDRX is 0.83, 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	0.83
Correlation (3Y) Calculated over the trailing 3-year period	0.90
Correlation (5Y) Calculated over the trailing 5-year period	0.94
Correlation (10Y) Calculated over the trailing 10-year period	0.93
Correlation (All Time) Calculated using the full available price history since Nov 3, 2003	0.94

The correlation between PGNAX and DLDRX shifts across timeframes, from 0.83 (1 year) to 0.94 (all time), reflecting how their relationship changes across market environments.

Return for Risk

PGNAX vs. DLDRX — Risk / Return Rank

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

PGNAX

PGNAX Risk / Return Rank: 87
PGNAX Sharpe Ratio Rank: 91
PGNAX Sortino Ratio Rank: 75
PGNAX Omega Ratio Rank: 79
PGNAX Calmar Ratio Rank: 95
PGNAX Martin Ratio Rank: 94

DLDRX

DLDRX Risk / Return Rank: 89
DLDRX Sharpe Ratio Rank: 91
DLDRX Sortino Ratio Rank: 82
DLDRX Omega Ratio Rank: 77
DLDRX Calmar Ratio Rank: 97
DLDRX Martin Ratio Rank: 95

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.

PGNAX vs. DLDRX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for PGIM Jennison Natural Resources Fund (PGNAX) and BNY Mellon Natural Resources Fund (DLDRX). 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.

	PGNAX	DLDRX	Difference
Sharpe ratio Return per unit of total volatility	3.05	3.05	0.00
Sortino ratio Return per unit of downside risk	3.63	3.89	-0.27
Omega ratio Gain probability vs. loss probability	1.52	1.50	+0.01
Calmar ratio Return relative to maximum drawdown	5.70	7.18	-1.48
Martin ratio Return relative to average drawdown	21.39	22.68	-1.29
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

PGNAX vs. DLDRX - Sharpe Ratio Comparison

The current PGNAX Sharpe Ratio is 3.05, which is comparable to the DLDRX Sharpe Ratio of 3.05. The chart below compares the historical Sharpe Ratios of PGNAX and DLDRX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	PGNAX	DLDRX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	3.05	3.05	0.00
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.66	0.62	+0.04
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.44	0.55	-0.11
Sharpe Ratio (All Time) Calculated using the full available price history	0.36	0.40	-0.04

Drawdowns

PGNAX vs. DLDRX - Drawdown Comparison

The maximum PGNAX drawdown since its inception was -76.46%, which is greater than DLDRX's maximum drawdown of -69.13%. Use the drawdown chart below to compare losses from any high point for PGNAX and DLDRX.

Drawdown Indicators

	PGNAX	DLDRX	Difference
Max Drawdown Largest peak-to-trough decline	-76.46%	-69.13%	-7.33%
Max Drawdown (1Y) Largest decline over 1 year	-11.05%	-7.49%	-3.56%
Max Drawdown (3Y) Largest decline over 3 years	-25.21%	-32.44%	+7.23%
Max Drawdown (5Y) Largest decline over 5 years	-29.24%	-32.44%	+3.20%
Max Drawdown (10Y) Largest decline over 10 years	-63.86%	-54.24%	-9.62%
Current Drawdown Current decline from peak	-0.39%	-1.19%	+0.80%
Average Drawdown Average peak-to-trough decline	-20.23%	-20.77%	+0.54%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.94%	2.37%	+0.57%

Volatility

PGNAX vs. DLDRX - Volatility Comparison

PGIM Jennison Natural Resources Fund (PGNAX) has a higher volatility of 5.37% compared to BNY Mellon Natural Resources Fund (DLDRX) at 4.36%. This indicates that PGNAX's price experiences larger fluctuations and is considered to be riskier than DLDRX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	PGNAX	DLDRX	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.37%	4.36%	+1.01%
Volatility (6M) Calculated over the trailing 6-month period	16.82%	13.42%	+3.40%
Volatility (1Y) Calculated over the trailing 1-year period	20.75%	18.11%	+2.64%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	25.26%	25.64%	-0.38%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	26.42%	25.49%	+0.93%

PGNAX vs. DLDRX - Expense Ratio Comparison

PGNAX has a 1.27% expense ratio, which is higher than DLDRX's 0.91% expense ratio.

Dividends

PGNAX vs. DLDRX - Dividend Comparison

PGNAX's dividend yield for the trailing twelve months is around 0.76%, less than DLDRX's 1.86% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
DLDRX BNY Mellon Natural Resources Fund	1.86%	2.33%	7.45%	12.42%	9.66%	5.07%	1.11%	2.16%	1.87%	0.63%	1.44%	1.25%
PGNAX PGIM Jennison Natural Resources Fund	0.76%	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 DLDRX in my portfolio?

PGNAX and DLDRX have a correlation of 0.83, 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 DLDRX?

PGNAX has higher volatility (5.37%) compared to DLDRX (4.36%). In terms of maximum drawdown, PGNAX dropped -76.46% vs DLDRX's -69.13%.

Which has better risk-adjusted returns?

DLDRX currently has the higher Sharpe Ratio (3.05 vs 3.05), 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.