PJFAX vs. VTI

Last updated Aug 4, 2026

PJFAX (PGIM Jennison Growth Fund) and VTI (Vanguard Total Stock Market ETF) are both funds - PJFAX is a Large Cap Growth Equities fund managed by PGIM, while VTI is a Large Cap Blend Equities fund tracking the CRSP US Total Market Index. Over the past 10 years, PJFAX returned 19.36%/yr vs 14.66%/yr for VTI. Their correlation of 0.91 means they have usually moved in the same direction. PJFAX charges 0.97%/yr vs 0.03%/yr for VTI.

Performance

PJFAX vs. VTI - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in PGIM Jennison Growth Fund (PJFAX) and Vanguard Total Stock Market ETF (VTI). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, PJFAX achieves a 3.75% return, which is significantly lower than VTI's 12.18% return. Over the past 10 years, PJFAX has outperformed VTI with an annualized return of 19.36%, while VTI has yielded a comparatively lower 14.66% annualized return.

PJFAX

• 1D: 1.18%
• 1M: -1.08%
• 6M: 5.86%
• YTD: 3.75%
• 1Y: 10.65%
• 3Y*: 24.18%
• 5Y*: 11.34%
• 10Y*: 19.36%
• ALL TIME*: 11.30%

VTI

• 1D: 1.53%
• 1M: 1.38%
• 6M: 9.81%
• YTD: 12.18%
• 1Y: 23.70%
• 3Y*: 20.38%
• 5Y*: 12.06%
• 10Y*: 14.66%
• ALL TIME*: 9.64%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
PJFAX PGIM Jennison Growth Fund	$0.00	$0.00	$0.00
VTI Vanguard Total Stock Market ETF	$1.08B	$1.16B	$1.24B

PJFAX vs. VTI - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
PJFAX PGIM Jennison Growth Fund	3.75%	14.53%	48.10%	52.76%	-37.89%	15.65%	55.66%	45.04%	-1.24%	36.41%
VTI Vanguard Total Stock Market ETF	12.18%	17.10%	23.81%	26.05%	-19.52%	25.68%	21.08%	30.67%	-5.23%	21.21%

Correlation

The correlation between PJFAX and VTI is 0.90, meaning they have usually moved in the same direction, including during past declines.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.90
Correlation (3Y) Balances recent behavior with more history.	0.88
Correlation (5Y) Shows whether the relationship held over a longer period.	0.91
Correlation (10Y) Provides a long-term view across more market conditions.	0.88
Correlation (All Time) Calculated using the full available price history since May 31, 2001	0.91

The correlation between PJFAX and VTI has been stable across timeframes, ranging from 0.88 to 0.91 - a consistent structural relationship.

Return for Risk

PJFAX vs. VTI — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

PJFAX

PJFAX Risk / Return Rank: 10
PJFAX Sharpe Ratio Rank: 11
PJFAX Sortino Ratio Rank: 11
PJFAX Omega Ratio Rank: 11
PJFAX Calmar Ratio Rank: 9
PJFAX Martin Ratio Rank: 10

VTI

VTI Risk / Return Rank: 78
VTI Sharpe Ratio Rank: 79
VTI Sortino Ratio Rank: 77
VTI Omega Ratio Rank: 77
VTI Calmar Ratio Rank: 75
VTI Martin Ratio Rank: 83

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

PJFAX vs. VTI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for PGIM Jennison Growth Fund (PJFAX) and Vanguard Total Stock Market ETF (VTI). 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.

	PJFAX	VTI	Difference
Sharpe ratio: Return per unit of total volatility	0.47	1.82	-1.36
Sortino ratio: Return per unit of downside risk	0.76	2.52	-1.75
Omega ratio: Gain probability vs. loss probability	1.09	1.32	-0.23
Calmar ratio: Return relative to maximum drawdown	0.47	2.67	-2.20
Martin ratio: Return relative to average drawdown	1.41	11.50	-10.10

PJFAX vs. VTI - Sharpe Ratio Comparison

The current PJFAX Sharpe Ratio is 0.47, which is lower than the VTI Sharpe Ratio of 1.82. The chart below compares the historical Sharpe Ratios of PJFAX and VTI, 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

PJFAX vs. VTI - Drawdown Comparison

The maximum PJFAX drawdown since its inception was -64.07%, which is greater than VTI's maximum drawdown of -55.45%. Use the drawdown chart below to compare losses from any high point for PJFAX and VTI.

Drawdown Indicators

	PJFAX	VTI	Difference
Max Drawdown Largest peak-to-trough decline	-64.07%	-55.45%	-8.62%
Max Drawdown (1Y) Largest decline over 1 year	-17.76%	-8.92%	-8.84%
Max Drawdown (3Y) Largest decline over 3 years	-24.05%	-19.30%	-4.75%
Max Drawdown (5Y) Largest decline over 5 years	-43.56%	-25.36%	-18.20%
Max Drawdown (10Y) Largest decline over 10 years	-43.56%	-35.00%	-8.56%
Current Drawdown Current decline from peak	-5.62%	0.00%	-5.62%
Average Drawdown Average peak-to-trough decline	-20.27%	-7.98%	-12.29%
Ulcer Index Depth and duration of drawdowns from previous peaks	5.95%	2.07%	+3.88%

Volatility

PJFAX vs. VTI - Volatility Comparison

PGIM Jennison Growth Fund (PJFAX) has a higher volatility of 5.34% compared to Vanguard Total Stock Market ETF (VTI) at 3.78%. This indicates that PJFAX's price experiences larger fluctuations and is considered to be riskier than VTI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	PJFAX	VTI	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.34%	3.78%	+1.56%
Volatility (6M) Calculated over the trailing 6-month period	14.19%	10.33%	+3.86%
Volatility (1Y) Calculated over the trailing 1-year period	17.92%	13.08%	+4.84%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	24.86%	17.53%	+7.33%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	24.07%	18.31%	+5.76%

PJFAX vs. VTI - Expense Ratio Comparison

PJFAX has a 0.97% expense ratio, which is higher than VTI's 0.03% expense ratio.

Dividends

PJFAX vs. VTI - Dividend Comparison

PJFAX's dividend yield for the trailing twelve months is around 12.93%, more than VTI's 1.04% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
PJFAX PGIM Jennison Growth Fund	12.93%	13.42%	24.62%	7.23%	2.77%	14.67%	9.02%	16.27%	6.06%	5.85%	4.12%	6.90%
VTI Vanguard Total Stock Market ETF	1.04%	1.12%	1.27%	1.44%	1.66%	1.21%	1.42%	1.78%	2.04%	1.71%	1.92%	1.98%

Frequently Asked Questions

Can I hold both PJFAX and VTI in my portfolio?

With a correlation of 0.90, PJFAX and VTI 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, PJFAX or VTI?

PJFAX has higher volatility (5.34%) compared to VTI (3.78%). In terms of maximum drawdown, PJFAX dropped -64.07% vs VTI's -55.45%.

Which has better risk-adjusted returns?

VTI currently has the higher Sharpe Ratio (1.82 vs 0.47), 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.