PHSZX vs. VHCIX

Last updated Jun 23, 2026

PHSZX (PGIM Jennison Health Sciences Fund) and VHCIX (Vanguard Health Care Index Fund Admiral Shares) are both Health & Biotech Equities funds. Over the past 10 years, PHSZX returned 13.24%/yr vs 9.71%/yr for VHCIX. Their correlation of 0.86 suggests significant overlap in exposure. PHSZX charges 0.86%/yr vs 0.10%/yr for VHCIX.

Performance

PHSZX vs. VHCIX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in PGIM Jennison Health Sciences Fund (PHSZX) and Vanguard Health Care Index Fund Admiral Shares (VHCIX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, PHSZX achieves a -1.32% return, which is significantly higher than VHCIX's -2.19% return. Over the past 10 years, PHSZX has outperformed VHCIX with an annualized return of 13.24%, while VHCIX has yielded a comparatively lower 9.71% annualized return.

PHSZX

• 1D: 0.04%
• 1M: 0.39%
• YTD: -1.32%
• 6M: -2.49%
• 1Y: 26.74%
• 3Y*: 15.47%
• 5Y*: 8.46%
• 10Y*: 13.24%

VHCIX

• 1D: -0.57%
• 1M: 0.42%
• YTD: -2.19%
• 6M: -2.89%
• 1Y: 16.75%
• 3Y*: 6.29%
• 5Y*: 4.52%
• 10Y*: 9.71%

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

PHSZX vs. VHCIX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
PHSZX PGIM Jennison Health Sciences Fund	-1.32%	19.73%	23.04%	12.50%	-10.06%	6.09%	41.72%	18.62%	-3.77%	31.41%
VHCIX Vanguard Health Care Index Fund Admiral Shares	-2.19%	15.43%	2.64%	2.48%	-5.50%	20.56%	18.22%	21.97%	5.55%	23.35%

Correlation

The correlation between PHSZX and VHCIX is 0.84, 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	0.84
Correlation (3Y) Calculated over the trailing 3-year period	0.83
Correlation (5Y) Calculated over the trailing 5-year period	0.87
Correlation (10Y) Calculated over the trailing 10-year period	0.86
Correlation (All Time) Calculated using the full available price history since Feb 2, 2004	0.86

The correlation between PHSZX and VHCIX has been stable across timeframes, ranging from 0.83 to 0.87 - a consistent structural relationship.

Return for Risk

PHSZX vs. VHCIX — Risk / Return Rank

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

PHSZX

PHSZX Risk / Return Rank: 30
PHSZX Sharpe Ratio Rank: 30
PHSZX Sortino Ratio Rank: 30
PHSZX Omega Ratio Rank: 26
PHSZX Calmar Ratio Rank: 36
PHSZX Martin Ratio Rank: 29

VHCIX

VHCIX Risk / Return Rank: 18
VHCIX Sharpe Ratio Rank: 18
VHCIX Sortino Ratio Rank: 20
VHCIX Omega Ratio Rank: 16
VHCIX Calmar Ratio Rank: 21
VHCIX Martin Ratio Rank: 15

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.

PHSZX vs. VHCIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for PGIM Jennison Health Sciences Fund (PHSZX) and Vanguard Health Care Index Fund Admiral Shares (VHCIX). 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.

	PHSZX	VHCIX	Difference
Sharpe ratio: Return per unit of total volatility	1.46	1.11	+0.34
Sortino ratio: Return per unit of downside risk	2.13	1.75	+0.38
Omega ratio: Gain probability vs. loss probability	1.25	1.20	+0.05
Calmar ratio: Return relative to maximum drawdown	2.15	1.57	+0.58
Martin ratio: Return relative to average drawdown	6.28	3.87	+2.41

PHSZX vs. VHCIX - Sharpe Ratio Comparison

The current PHSZX Sharpe Ratio is 1.46, which is higher than the VHCIX Sharpe Ratio of 1.11. The chart below compares the historical Sharpe Ratios of PHSZX and VHCIX, 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

PHSZX vs. VHCIX - Drawdown Comparison

The maximum PHSZX drawdown since its inception was -42.77%, which is greater than VHCIX's maximum drawdown of -39.12%. Use the drawdown chart below to compare losses from any high point for PHSZX and VHCIX.

Drawdown Indicators

	PHSZX	VHCIX	Difference
Max Drawdown Largest peak-to-trough decline	-42.77%	-39.12%	-3.65%
Max Drawdown (1Y) Largest decline over 1 year	-12.24%	-10.39%	-1.85%
Max Drawdown (3Y) Largest decline over 3 years	-22.06%	-16.89%	-5.17%
Max Drawdown (5Y) Largest decline over 5 years	-29.36%	-17.77%	-11.59%
Max Drawdown (10Y) Largest decline over 10 years	-30.92%	-28.58%	-2.34%
Current Drawdown Current decline from peak	-4.26%	-5.31%	+1.05%
Average Drawdown Average peak-to-trough decline	-9.92%	-5.97%	-3.95%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.18%	4.20%	-0.02%

Volatility

PHSZX vs. VHCIX - Volatility Comparison

PGIM Jennison Health Sciences Fund (PHSZX) has a higher volatility of 6.70% compared to Vanguard Health Care Index Fund Admiral Shares (VHCIX) at 4.93%. This indicates that PHSZX's price experiences larger fluctuations and is considered to be riskier than VHCIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	PHSZX	VHCIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.70%	4.93%	+1.77%
Volatility (6M) Calculated over the trailing 6-month period	14.00%	10.43%	+3.57%
Volatility (1Y) Calculated over the trailing 1-year period	18.09%	14.70%	+3.39%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	21.91%	15.06%	+6.85%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	23.16%	16.95%	+6.21%

PHSZX vs. VHCIX - Expense Ratio Comparison

PHSZX has a 0.86% expense ratio, which is higher than VHCIX's 0.10% expense ratio.

Dividends

PHSZX vs. VHCIX - Dividend Comparison

PHSZX's dividend yield for the trailing twelve months is around 11.08%, more than VHCIX's 1.67% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
PHSZX PGIM Jennison Health Sciences Fund	11.08%	10.93%	23.93%	4.26%	1.48%	29.82%	20.26%	2.92%	11.21%	4.43%	3.44%	13.45%
VHCIX Vanguard Health Care Index Fund Admiral Shares	1.67%	1.61%	1.53%	1.36%	1.33%	1.19%	1.21%	1.89%	1.38%	1.31%	1.45%	1.22%

Frequently Asked Questions

Can I hold both PHSZX and VHCIX in my portfolio?

PHSZX and VHCIX have a correlation of 0.84, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, PHSZX or VHCIX?

PHSZX has higher volatility (6.70%) compared to VHCIX (4.93%). In terms of maximum drawdown, PHSZX dropped -42.77% vs VHCIX's -39.12%.

Which has better risk-adjusted returns?

PHSZX currently has the higher Sharpe Ratio (1.46 vs 1.11), 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.