PJFAX vs. PQCMX

Last updated Jun 4, 2026

PJFAX (PGIM Jennison Growth Fund) and PQCMX (PGIM Quant Solutions Commodity Strategies Fund) are both mutual funds - PJFAX is a Large Cap Growth Equities fund managed by PGIM, while PQCMX is a Commodities fund managed by PGIM. Over the past 5 years, PJFAX returned 15.31%/yr vs 12.41%/yr for PQCMX. At a 0.15 correlation, their price movements are largely independent. PJFAX charges 0.97%/yr vs 0.62%/yr for PQCMX.

Performance

PJFAX vs. PQCMX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in PGIM Jennison Growth Fund (PJFAX) and PGIM Quant Solutions Commodity Strategies Fund (PQCMX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, PJFAX achieves a 9.23% return, which is significantly lower than PQCMX's 31.70% return.

PJFAX

• 1D: -0.63%
• 1M: 7.66%
• YTD: 9.23%
• 6M: 7.87%
• 1Y: 21.29%
• 3Y*: 29.27%
• 5Y*: 15.31%
• 10Y*: 20.29%

PQCMX

• 1D: 0.44%
• 1M: -3.48%
• YTD: 31.70%
• 6M: 30.81%
• 1Y: 43.75%
• 3Y*: 17.24%
• 5Y*: 12.41%
• 10Y*: —

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

PJFAX vs. PQCMX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
PJFAX PGIM Jennison Growth Fund	9.23%	14.53%	48.10%	52.76%	-37.89%	15.65%	55.66%	45.04%	-1.24%	34.97%
PQCMX PGIM Quant Solutions Commodity Strategies Fund	31.70%	13.62%	5.09%	-8.67%	19.10%	27.81%	-1.13%	8.78%	-12.07%	2.96%

Correlation

The correlation between PJFAX and PQCMX is -0.11, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	-0.11
Correlation (3Y) Calculated over the trailing 3-year period	0.04
Correlation (5Y) Calculated over the trailing 5-year period	0.10
Correlation (All Time) Calculated using the full available price history since Jan 4, 2017	0.15

The correlation between PJFAX and PQCMX shifts across timeframes, from -0.11 (1 year) to 0.15 (all time), reflecting how their relationship changes across market environments.

Return for Risk

PJFAX vs. PQCMX — Risk / Return Rank

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

PJFAX

PJFAX Risk / Return Rank: 18
PJFAX Sharpe Ratio Rank: 22
PJFAX Sortino Ratio Rank: 21
PJFAX Omega Ratio Rank: 21
PJFAX Calmar Ratio Rank: 13
PJFAX Martin Ratio Rank: 13

PQCMX

PQCMX Risk / Return Rank: 77
PQCMX Sharpe Ratio Rank: 79
PQCMX Sortino Ratio Rank: 59
PQCMX Omega Ratio Rank: 69
PQCMX Calmar Ratio Rank: 96
PQCMX Martin Ratio Rank: 84

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.

PJFAX vs. PQCMX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for PGIM Jennison Growth Fund (PJFAX) and PGIM Quant Solutions Commodity Strategies Fund (PQCMX). 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.

	PJFAX	PQCMX	Difference
Sharpe ratio: Return per unit of total volatility	1.35	2.59	-1.24
Sortino ratio: Return per unit of downside risk	1.89	3.22	-1.33
Omega ratio: Gain probability vs. loss probability	1.24	1.46	-0.22
Calmar ratio: Return relative to maximum drawdown	1.24	6.09	-4.86
Martin ratio: Return relative to average drawdown	3.95	15.82	-11.87
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

PJFAX vs. PQCMX - Sharpe Ratio Comparison

The current PJFAX Sharpe Ratio is 1.35, which is lower than the PQCMX Sharpe Ratio of 2.59. The chart below compares the historical Sharpe Ratios of PJFAX and PQCMX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	PJFAX	PQCMX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.35	2.59	-1.24
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.62	0.73	-0.11
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.85	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.52	0.55	-0.04

Drawdowns

PJFAX vs. PQCMX - Drawdown Comparison

The maximum PJFAX drawdown since its inception was -64.07%, which is greater than PQCMX's maximum drawdown of -33.00%. Use the drawdown chart below to compare losses from any high point for PJFAX and PQCMX.

Drawdown Indicators

	PJFAX	PQCMX	Difference
Max Drawdown Largest peak-to-trough decline	-64.07%	-33.00%	-31.07%
Max Drawdown (1Y) Largest decline over 1 year	-17.76%	-7.29%	-10.47%
Max Drawdown (3Y) Largest decline over 3 years	-24.05%	-12.19%	-11.86%
Max Drawdown (5Y) Largest decline over 5 years	-43.56%	-26.78%	-16.78%
Max Drawdown (10Y) Largest decline over 10 years	-43.56%	—	—
Current Drawdown Current decline from peak	-0.63%	-4.09%	+3.46%
Average Drawdown Average peak-to-trough decline	-20.35%	-11.82%	-8.53%
Ulcer Index Depth and duration of drawdowns from previous peaks	5.55%	2.80%	+2.75%

Volatility

PJFAX vs. PQCMX - Volatility Comparison

The current volatility for PGIM Jennison Growth Fund (PJFAX) is 3.85%, while PGIM Quant Solutions Commodity Strategies Fund (PQCMX) has a volatility of 6.06%. This indicates that PJFAX experiences smaller price fluctuations and is considered to be less risky than PQCMX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	PJFAX	PQCMX	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.85%	6.06%	-2.21%
Volatility (6M) Calculated over the trailing 6-month period	12.34%	15.15%	-2.81%
Volatility (1Y) Calculated over the trailing 1-year period	16.27%	17.26%	-0.99%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	24.70%	17.08%	+7.62%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	24.01%	15.18%	+8.83%

PJFAX vs. PQCMX - Expense Ratio Comparison

PJFAX has a 0.97% expense ratio, which is higher than PQCMX's 0.62% expense ratio.

Dividends

PJFAX vs. PQCMX - Dividend Comparison

PJFAX's dividend yield for the trailing twelve months is around 12.28%, more than PQCMX's 6.14% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
PJFAX PGIM Jennison Growth Fund	12.28%	13.42%	24.62%	7.23%	2.77%	14.67%	9.02%	16.27%	6.06%	5.85%	4.12%	6.90%
PQCMX PGIM Quant Solutions Commodity Strategies Fund	6.14%	8.09%	4.14%	3.93%	31.36%	47.61%	0.00%	1.02%	3.02%	1.42%	0.00%	0.00%

Frequently Asked Questions

Can I hold both PJFAX and PQCMX in my portfolio?

PJFAX and PQCMX have a correlation of -0.11, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, PJFAX or PQCMX?

PQCMX has higher volatility (6.06%) compared to PJFAX (3.85%). In terms of maximum drawdown, PJFAX dropped -64.07% vs PQCMX's -33.00%.

Which has better risk-adjusted returns?

PQCMX currently has the higher Sharpe Ratio (2.59 vs 1.35), 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.