Correlation
The correlation between PGNAX and SPYG is 0.60, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
PGNAX vs. SPYG
Compare and contrast key facts about PGIM Jennison Natural Resources Fund (PGNAX) and SPDR Portfolio S&P 500 Growth ETF (SPYG).
PGNAX is managed by PGIM Investments. It was launched on Jan 21, 1990. SPYG is a passively managed fund by State Street that tracks the performance of the S&P 500 Growth Index. It was launched on Sep 25, 2000.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: PGNAX or SPYG.
Performance
PGNAX vs. SPYG - Performance Comparison
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Key characteristics
PGNAX:
-0.29
SPYG:
0.82
PGNAX:
-0.32
SPYG:
1.15
PGNAX:
0.96
SPYG:
1.16
PGNAX:
-0.35
SPYG:
0.82
PGNAX:
-0.89
SPYG:
2.75
PGNAX:
9.87%
SPYG:
6.63%
PGNAX:
24.59%
SPYG:
25.18%
PGNAX:
-76.45%
SPYG:
-67.79%
PGNAX:
-9.32%
SPYG:
-2.78%
Returns By Period
In the year-to-date period, PGNAX achieves a 4.99% return, which is significantly higher than SPYG's 2.18% return. Over the past 10 years, PGNAX has underperformed SPYG with an annualized return of 4.15%, while SPYG has yielded a comparatively higher 14.90% annualized return.
PGNAX
4.99%
6.82%
-2.83%
-8.11%
-0.80%
19.87%
4.15%
SPYG
2.18%
8.10%
3.01%
20.35%
17.35%
16.74%
14.90%
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PGNAX vs. SPYG - Expense Ratio Comparison
PGNAX has a 1.27% expense ratio, which is higher than SPYG's 0.04% expense ratio.
Risk-Adjusted Performance
PGNAX vs. SPYG — Risk-Adjusted Performance Rank
PGNAX
SPYG
PGNAX vs. SPYG - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for PGIM Jennison Natural Resources Fund (PGNAX) and SPDR Portfolio S&P 500 Growth ETF (SPYG). 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.
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Dividends
PGNAX vs. SPYG - Dividend Comparison
PGNAX's dividend yield for the trailing twelve months is around 0.93%, more than SPYG's 0.60% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PGNAX PGIM Jennison Natural Resources Fund | 0.93% | 0.98% | 1.93% | 2.75% | 0.84% | 1.32% | 1.78% | 1.59% | 0.00% | 1.15% | 0.00% | 0.00% |
SPYG SPDR Portfolio S&P 500 Growth ETF | 0.60% | 0.60% | 1.15% | 1.03% | 0.62% | 0.90% | 1.36% | 1.51% | 1.41% | 1.55% | 1.57% | 1.37% |
Drawdowns
PGNAX vs. SPYG - Drawdown Comparison
The maximum PGNAX drawdown since its inception was -76.45%, which is greater than SPYG's maximum drawdown of -67.79%. Use the drawdown chart below to compare losses from any high point for PGNAX and SPYG.
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Volatility
PGNAX vs. SPYG - Volatility Comparison
The current volatility for PGIM Jennison Natural Resources Fund (PGNAX) is 3.62%, while SPDR Portfolio S&P 500 Growth ETF (SPYG) has a volatility of 5.58%. This indicates that PGNAX experiences smaller price fluctuations and is considered to be less risky than SPYG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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