PGOAX vs. SPY
Compare and contrast key facts about PGIM Jennison Small Company Fund (PGOAX) and State Street SPDR S&P 500 ETF (SPY).
PGOAX is managed by PGIM. It was launched on Jan 22, 1990. SPY is a passively managed fund by State Street that tracks the performance of the S&P 500 Index. It was launched on Jan 22, 1993.
Performance
PGOAX vs. SPY - Performance Comparison
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PGOAX vs. SPY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
PGOAX PGIM Jennison Small Company Fund | 0.82% | 6.96% | 16.26% | 11.48% | -18.85% | 29.05% | 27.07% | 41.48% | -13.69% | 19.58% |
SPY State Street SPDR S&P 500 ETF | -3.65% | 17.72% | 24.89% | 26.18% | -18.18% | 28.73% | 18.33% | 31.22% | -4.57% | 21.71% |
Returns By Period
In the year-to-date period, PGOAX achieves a 0.82% return, which is significantly higher than SPY's -3.65% return. Over the past 10 years, PGOAX has underperformed SPY with an annualized return of 11.81%, while SPY has yielded a comparatively higher 14.06% annualized return.
PGOAX
- 1D
- 3.52%
- 1M
- -6.58%
- YTD
- 0.82%
- 6M
- 6.31%
- 1Y
- 17.14%
- 3Y*
- 10.55%
- 5Y*
- 5.15%
- 10Y*
- 11.81%
SPY
- 1D
- 0.75%
- 1M
- -4.28%
- YTD
- -3.65%
- 6M
- -1.42%
- 1Y
- 18.14%
- 3Y*
- 18.48%
- 5Y*
- 11.86%
- 10Y*
- 14.06%
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PGOAX vs. SPY - Expense Ratio Comparison
PGOAX has a 1.13% expense ratio, which is higher than SPY's 0.09% expense ratio.
Return for Risk
PGOAX vs. SPY — Risk / Return Rank
PGOAX
SPY
PGOAX vs. SPY - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for PGIM Jennison Small Company Fund (PGOAX) and State Street SPDR S&P 500 ETF (SPY). 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.
| PGOAX | SPY | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.84 | 0.96 | -0.11 |
Sortino ratioReturn per unit of downside risk | 1.30 | 1.49 | -0.19 |
Omega ratioGain probability vs. loss probability | 1.18 | 1.23 | -0.05 |
Calmar ratioReturn relative to maximum drawdown | 1.20 | 1.53 | -0.33 |
Martin ratioReturn relative to average drawdown | 4.98 | 7.27 | -2.28 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| PGOAX | SPY | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.84 | 0.96 | -0.11 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.26 | 0.70 | -0.44 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.54 | 0.79 | -0.25 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.56 | 0.56 | -0.01 |
Correlation
The correlation between PGOAX and SPY is 0.80, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Dividends
PGOAX vs. SPY - Dividend Comparison
PGOAX's dividend yield for the trailing twelve months is around 8.05%, more than SPY's 1.13% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PGOAX PGIM Jennison Small Company Fund | 8.05% | 8.11% | 5.29% | 0.37% | 4.11% | 37.46% | 14.95% | 18.11% | 20.80% | 8.28% | 5.42% | 15.00% |
SPY State Street SPDR S&P 500 ETF | 1.13% | 1.07% | 1.21% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% |
Drawdowns
PGOAX vs. SPY - Drawdown Comparison
The maximum PGOAX drawdown since its inception was -56.57%, roughly equal to the maximum SPY drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for PGOAX and SPY.
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Drawdown Indicators
| PGOAX | SPY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -56.57% | -55.19% | -1.38% |
Max Drawdown (1Y)Largest decline over 1 year | -14.34% | -12.05% | -2.29% |
Max Drawdown (5Y)Largest decline over 5 years | -28.19% | -24.50% | -3.69% |
Max Drawdown (10Y)Largest decline over 10 years | -47.39% | -33.72% | -13.67% |
Current DrawdownCurrent decline from peak | -6.71% | -5.53% | -1.18% |
Average DrawdownAverage peak-to-trough decline | -9.03% | -9.09% | +0.06% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.46% | 2.54% | +0.92% |
Volatility
PGOAX vs. SPY - Volatility Comparison
PGIM Jennison Small Company Fund (PGOAX) has a higher volatility of 7.51% compared to State Street SPDR S&P 500 ETF (SPY) at 5.35%. This indicates that PGOAX's price experiences larger fluctuations and is considered to be riskier than SPY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PGOAX | SPY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.51% | 5.35% | +2.16% |
Volatility (6M)Calculated over the trailing 6-month period | 12.40% | 9.50% | +2.90% |
Volatility (1Y)Calculated over the trailing 1-year period | 20.94% | 19.06% | +1.88% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.26% | 17.06% | +3.20% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 22.12% | 17.92% | +4.20% |