PGNAX vs. IGNAX
PGNAX (PGIM Jennison Natural Resources Fund) and IGNAX (Delaware Ivy Natural Resources Fund) are both Energy Equities funds. Over the past 10 years, PGNAX returned 10.07%/yr vs 6.85%/yr for IGNAX. Their correlation of 0.91 means they have usually moved in the same direction. PGNAX charges 1.27%/yr vs 1.82%/yr for IGNAX.
Performance
PGNAX vs. IGNAX - Performance Comparison
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Returns By Period
The year-to-date returns for both stocks are quite close, with PGNAX having a 14.14% return and IGNAX slightly lower at 13.77%. Over the past 10 years, PGNAX has outperformed IGNAX with an annualized return of 10.07%, while IGNAX has yielded a comparatively lower 6.85% annualized return.
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%
IGNAX
- 1D
- -0.13%
- 1M
- 4.80%
- 6M
- 0.04%
- YTD
- 13.77%
- 1Y
- 42.13%
- 3Y*
- 15.63%
- 5Y*
- 15.31%
- 10Y*
- 6.85%
- ALL TIME*
- 5.32%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $0.00 | $0.00 | $0.00 |
PGNAX vs. IGNAX - 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% |
IGNAX Delaware Ivy Natural Resources Fund | 13.77% | 38.01% | -0.56% | 1.26% | 17.52% | 26.06% | -12.38% | 9.24% | -23.79% | 2.89% |
Correlation
The correlation between PGNAX and IGNAX is 0.87, meaning they have usually moved in the same direction, including during past declines.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.87 |
Correlation (3Y) Balances recent behavior with more history. | 0.90 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.93 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.93 |
Correlation (All Time) Calculated using the full available price history since Dec 31, 1996 | 0.91 |
The correlation between PGNAX and IGNAX has been stable across timeframes, ranging from 0.87 to 0.93 - a consistent structural relationship.
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Return for Risk
PGNAX vs. IGNAX — Risk / Return Rank
PGNAX
IGNAX
PGNAX vs. IGNAX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for PGIM Jennison Natural Resources Fund (PGNAX) and Delaware Ivy Natural Resources Fund (IGNAX). 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 | IGNAX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.44 | ||
| Sortino ratioReturn per unit of downside risk | -0.54 | ||
| Omega ratioGain probability vs. loss probability | 1.34 | 1.41 | -0.07 |
| Calmar ratioReturn relative to maximum drawdown | 3.56 | 3.86 | -0.30 |
| Martin ratioReturn relative to average drawdown | 9.11 | 12.50 | -3.39 |
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Drawdowns
PGNAX vs. IGNAX - Drawdown Comparison
The maximum PGNAX drawdown since its inception was -76.46%, roughly equal to the maximum IGNAX drawdown of -77.49%. Use the drawdown chart below to compare losses from any high point for PGNAX and IGNAX.
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Drawdown Indicators
| PGNAX | IGNAX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -76.46% | -77.49% | +1.03% |
Max Drawdown (1Y)Largest decline over 1 year | -12.49% | -11.40% | -1.09% |
Max Drawdown (3Y)Largest decline over 3 years | -25.21% | -22.86% | -2.35% |
Max Drawdown (5Y)Largest decline over 5 years | -29.24% | -24.79% | -4.45% |
Max Drawdown (10Y)Largest decline over 10 years | -63.86% | -57.95% | -5.91% |
Current DrawdownCurrent decline from peak | -9.73% | -13.03% | +3.30% |
Average DrawdownAverage peak-to-trough decline | -20.17% | -35.55% | +15.38% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.87% | 3.51% | +1.36% |
Volatility
PGNAX vs. IGNAX - Volatility Comparison
PGIM Jennison Natural Resources Fund (PGNAX) has a higher volatility of 5.81% compared to Delaware Ivy Natural Resources Fund (IGNAX) at 3.94%. This indicates that PGNAX's price experiences larger fluctuations and is considered to be riskier than IGNAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PGNAX | IGNAX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.81% | 3.94% | +1.87% |
Volatility (6M)Calculated over the trailing 6-month period | 17.27% | 13.49% | +3.78% |
Volatility (1Y)Calculated over the trailing 1-year period | 22.57% | 18.28% | +4.29% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 25.27% | 21.90% | +3.37% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 26.42% | 22.40% | +4.02% |
PGNAX vs. IGNAX - Expense Ratio Comparison
PGNAX has a 1.27% expense ratio, which is lower than IGNAX's 1.82% expense ratio.
Dividends
PGNAX vs. IGNAX - Dividend Comparison
PGNAX's dividend yield for the trailing twelve months is around 0.84%, while IGNAX has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
IGNAX Delaware Ivy Natural Resources Fund | 0.00% | 0.00% | 5.68% | 1.94% | 2.02% | 2.30% | 0.29% | 1.75% | 0.00% | 0.00% | 0.06% |
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% |
Frequently Asked Questions
PGNAX and IGNAX have a correlation of 0.87, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
PGNAX has higher volatility (5.81%) compared to IGNAX (3.94%). In terms of maximum drawdown, PGNAX dropped -76.46% vs IGNAX's -77.49%.
IGNAX currently has the higher Sharpe Ratio (2.41 vs 1.97), 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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