PGOAX vs. FSCIX

Last updated Jun 24, 2026

PGOAX (PGIM Jennison Small Company Fund) and FSCIX (Fidelity Advisor Small Cap Fund Class I) are both mutual funds - PGOAX is a Small Cap Growth Equities fund managed by PGIM, while FSCIX is a Small Cap Blend Equities fund managed by Fidelity. Over the past 10 years, PGOAX returned 13.50%/yr vs 12.43%/yr for FSCIX. Their correlation of 0.92 suggests significant overlap in exposure. PGOAX charges 1.13%/yr vs 0.97%/yr for FSCIX.

Performance

PGOAX vs. FSCIX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in PGIM Jennison Small Company Fund (PGOAX) and Fidelity Advisor Small Cap Fund Class I (FSCIX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, PGOAX achieves a 16.96% return, which is significantly lower than FSCIX's 24.06% return. Over the past 10 years, PGOAX has outperformed FSCIX with an annualized return of 13.50%, while FSCIX has yielded a comparatively lower 12.43% annualized return.

PGOAX

• 1D: 0.79%
• 1M: 5.95%
• YTD: 16.96%
• 6M: 14.79%
• 1Y: 31.05%
• 3Y*: 16.64%
• 5Y*: 7.46%
• 10Y*: 13.50%

FSCIX

• 1D: 0.93%
• 1M: 5.83%
• YTD: 24.06%
• 6M: 21.15%
• 1Y: 40.48%
• 3Y*: 20.62%
• 5Y*: 10.03%
• 10Y*: 12.43%

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

PGOAX vs. FSCIX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
PGOAX PGIM Jennison Small Company Fund	16.96%	6.96%	16.26%	11.48%	-18.85%	29.05%	27.07%	41.48%	-13.69%	19.58%
FSCIX Fidelity Advisor Small Cap Fund Class I	24.06%	12.12%	11.59%	18.58%	-20.51%	31.58%	17.44%	32.70%	-16.25%	14.09%

Correlation

The correlation between PGOAX and FSCIX is 0.94, 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	0.94
Correlation (3Y) Calculated over the trailing 3-year period	0.94
Correlation (5Y) Calculated over the trailing 5-year period	0.96
Correlation (10Y) Calculated over the trailing 10-year period	0.95
Correlation (All Time) Calculated using the full available price history since Sep 9, 1998	0.92

The correlation between PGOAX and FSCIX has been stable across timeframes, ranging from 0.92 to 0.96 - a consistent structural relationship.

Return for Risk

PGOAX vs. FSCIX — Risk / Return Rank

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

PGOAX

PGOAX Risk / Return Rank: 60
PGOAX Sharpe Ratio Rank: 51
PGOAX Sortino Ratio Rank: 53
PGOAX Omega Ratio Rank: 45
PGOAX Calmar Ratio Rank: 78
PGOAX Martin Ratio Rank: 74

FSCIX

FSCIX Risk / Return Rank: 78
FSCIX Sharpe Ratio Rank: 75
FSCIX Sortino Ratio Rank: 73
FSCIX Omega Ratio Rank: 60
FSCIX Calmar Ratio Rank: 91
FSCIX Martin Ratio Rank: 91

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.

PGOAX vs. FSCIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for PGIM Jennison Small Company Fund (PGOAX) and Fidelity Advisor Small Cap Fund Class I (FSCIX). 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.

	PGOAX	FSCIX	Difference
Sharpe ratio: Return per unit of total volatility	1.94	2.32	-0.38
Sortino ratio: Return per unit of downside risk	2.83	3.26	-0.43
Omega ratio: Gain probability vs. loss probability	1.34	1.39	-0.05
Calmar ratio: Return relative to maximum drawdown	3.33	4.54	-1.20
Martin ratio: Return relative to average drawdown	13.14	16.97	-3.82

PGOAX vs. FSCIX - Sharpe Ratio Comparison

The current PGOAX Sharpe Ratio is 1.94, which is comparable to the FSCIX Sharpe Ratio of 2.32. The chart below compares the historical Sharpe Ratios of PGOAX and FSCIX, 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

PGOAX vs. FSCIX - Drawdown Comparison

The maximum PGOAX drawdown since its inception was -56.57%, which is greater than FSCIX's maximum drawdown of -49.58%. Use the drawdown chart below to compare losses from any high point for PGOAX and FSCIX.

Drawdown Indicators

	PGOAX	FSCIX	Difference
Max Drawdown Largest peak-to-trough decline	-56.57%	-49.58%	-6.99%
Max Drawdown (1Y) Largest decline over 1 year	-9.88%	-9.33%	-0.55%
Max Drawdown (3Y) Largest decline over 3 years	-23.17%	-26.18%	+3.01%
Max Drawdown (5Y) Largest decline over 5 years	-28.19%	-32.32%	+4.13%
Max Drawdown (10Y) Largest decline over 10 years	-47.39%	-40.41%	-6.98%
Current Drawdown Current decline from peak	0.00%	0.00%	0.00%
Average Drawdown Average peak-to-trough decline	-8.98%	-10.92%	+1.94%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.50%	2.49%	+0.01%

Volatility

PGOAX vs. FSCIX - Volatility Comparison

The current volatility for PGIM Jennison Small Company Fund (PGOAX) is 5.76%, while Fidelity Advisor Small Cap Fund Class I (FSCIX) has a volatility of 6.20%. This indicates that PGOAX experiences smaller price fluctuations and is considered to be less risky than FSCIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	PGOAX	FSCIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.76%	6.20%	-0.44%
Volatility (6M) Calculated over the trailing 6-month period	13.23%	13.76%	-0.53%
Volatility (1Y) Calculated over the trailing 1-year period	17.05%	18.31%	-1.26%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	20.37%	21.59%	-1.22%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	22.22%	21.72%	+0.50%

PGOAX vs. FSCIX - Expense Ratio Comparison

PGOAX has a 1.13% expense ratio, which is higher than FSCIX's 0.97% expense ratio.

Dividends

PGOAX vs. FSCIX - Dividend Comparison

PGOAX's dividend yield for the trailing twelve months is around 6.94%, more than FSCIX's 1.30% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FSCIX Fidelity Advisor Small Cap Fund Class I	1.30%	1.62%	12.26%	1.17%	4.64%	9.81%	2.39%	3.53%	13.10%	12.79%	2.44%	7.76%
PGOAX PGIM Jennison Small Company Fund	6.94%	8.11%	5.29%	0.37%	4.11%	37.46%	14.95%	18.11%	20.80%	8.28%	5.42%	15.00%

Frequently Asked Questions

Can I hold both PGOAX and FSCIX in my portfolio?

With a correlation of 0.94, PGOAX and FSCIX move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which is riskier, PGOAX or FSCIX?

FSCIX has higher volatility (6.20%) compared to PGOAX (5.76%). In terms of maximum drawdown, PGOAX dropped -56.57% vs FSCIX's -49.58%.

Which has better risk-adjusted returns?

FSCIX currently has the higher Sharpe Ratio (2.32 vs 1.94), 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.