PGNAX vs. UPRO
Compare and contrast key facts about PGIM Jennison Natural Resources Fund (PGNAX) and ProShares UltraPro S&P 500 (UPRO).
PGNAX is managed by PGIM Investments. It was launched on Jan 21, 1990. UPRO is a passively managed fund by ProShares that tracks the performance of the S&P 500 Index (300%). It was launched on Jun 23, 2009.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: PGNAX or UPRO.
Correlation
The correlation between PGNAX and UPRO is 0.67, 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.
Performance
PGNAX vs. UPRO - Performance Comparison
Key characteristics
PGNAX:
0.46
UPRO:
1.57
PGNAX:
0.71
UPRO:
2.03
PGNAX:
1.09
UPRO:
1.27
PGNAX:
0.44
UPRO:
2.44
PGNAX:
1.15
UPRO:
8.96
PGNAX:
7.84%
UPRO:
6.64%
PGNAX:
19.84%
UPRO:
37.89%
PGNAX:
-77.30%
UPRO:
-76.82%
PGNAX:
-12.25%
UPRO:
-1.28%
Returns By Period
In the year-to-date period, PGNAX achieves a 4.23% return, which is significantly lower than UPRO's 10.58% return. Over the past 10 years, PGNAX has underperformed UPRO with an annualized return of 4.07%, while UPRO has yielded a comparatively higher 24.12% annualized return.
PGNAX
4.23%
-3.48%
-0.49%
8.82%
14.07%
4.07%
UPRO
10.58%
2.61%
24.15%
61.86%
21.32%
24.12%
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PGNAX vs. UPRO - Expense Ratio Comparison
PGNAX has a 1.27% expense ratio, which is higher than UPRO's 0.92% expense ratio.
Risk-Adjusted Performance
PGNAX vs. UPRO — Risk-Adjusted Performance Rank
PGNAX
UPRO
PGNAX vs. UPRO - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for PGIM Jennison Natural Resources Fund (PGNAX) and ProShares UltraPro S&P 500 (UPRO). 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.
Dividends
PGNAX vs. UPRO - Dividend Comparison
PGNAX's dividend yield for the trailing twelve months is around 0.94%, more than UPRO's 0.84% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PGNAX PGIM Jennison Natural Resources Fund | 0.94% | 0.98% | 1.93% | 2.75% | 0.84% | 1.32% | 1.78% | 1.59% | 0.00% | 1.15% | 0.00% | 0.00% |
UPRO ProShares UltraPro S&P 500 | 0.84% | 0.93% | 0.74% | 0.52% | 0.06% | 0.11% | 0.41% | 0.63% | 0.00% | 0.12% | 0.34% | 0.22% |
Drawdowns
PGNAX vs. UPRO - Drawdown Comparison
The maximum PGNAX drawdown since its inception was -77.30%, roughly equal to the maximum UPRO drawdown of -76.82%. Use the drawdown chart below to compare losses from any high point for PGNAX and UPRO. For additional features, visit the drawdowns tool.
Volatility
PGNAX vs. UPRO - Volatility Comparison
The current volatility for PGIM Jennison Natural Resources Fund (PGNAX) is 6.37%, while ProShares UltraPro S&P 500 (UPRO) has a volatility of 8.83%. This indicates that PGNAX experiences smaller price fluctuations and is considered to be less risky than UPRO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.