PJFG vs. NUGO

Last updated Apr 2, 2026

Compare and contrast key facts about PGIM Jennison Focused Growth ETF (PJFG) and Nuveen Growth Opportunities ETF (NUGO).

PJFG and NUGO are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. PJFG is an actively managed fund by PGIM. It was launched on Dec 12, 2022. NUGO is an actively managed fund by Nuveen. It was launched on Sep 27, 2021.

Performance

PJFG vs. NUGO - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in PGIM Jennison Focused Growth ETF (PJFG) and Nuveen Growth Opportunities ETF (NUGO). The values are adjusted to include any dividend payments, if applicable.

PJFG vs. NUGO - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
PJFG PGIM Jennison Focused Growth ETF	-11.44%	16.94%	31.59%	54.23%	-6.69%
NUGO Nuveen Growth Opportunities ETF	-9.13%	14.91%	35.95%	45.37%	-4.85%

Returns By Period

In the year-to-date period, PJFG achieves a -11.44% return, which is significantly lower than NUGO's -9.13% return.

PJFG

• 1D: 1.15%
• 1M: -4.93%
• YTD: -11.44%
• 6M: -11.13%
• 1Y: 15.01%
• 3Y*: 20.23%
• 5Y*: —
• 10Y*: —

NUGO

• 1D: 0.44%
• 1M: -4.62%
• YTD: -9.13%
• 6M: -8.35%
• 1Y: 17.38%
• 3Y*: 21.99%
• 5Y*: —
• 10Y*: —

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

PJFG vs. NUGO - Expense Ratio Comparison

PJFG has a 0.75% expense ratio, which is higher than NUGO's 0.56% expense ratio.

PJFG

PGIM Jennison Focused Growth ETF

NUGO

Nuveen Growth Opportunities ETF

Return for Risk

PJFG vs. NUGO — Risk / Return Rank

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

PJFG

PJFG Risk / Return Rank: 33
PJFG Sharpe Ratio Rank: 32
PJFG Sortino Ratio Rank: 36
PJFG Omega Ratio Rank: 35
PJFG Calmar Ratio Rank: 31
PJFG Martin Ratio Rank: 30

NUGO

NUGO Risk / Return Rank: 37
NUGO Sharpe Ratio Rank: 36
NUGO Sortino Ratio Rank: 40
NUGO Omega Ratio Rank: 38
NUGO Calmar Ratio Rank: 37
NUGO Martin Ratio Rank: 35

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.

PJFG vs. NUGO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for PGIM Jennison Focused Growth ETF (PJFG) and Nuveen Growth Opportunities ETF (NUGO). 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.

	PJFG	NUGO	Difference
Sharpe ratio Return per unit of total volatility	0.64	0.73	-0.09
Sortino ratio Return per unit of downside risk	1.09	1.20	-0.10
Omega ratio Gain probability vs. loss probability	1.15	1.16	-0.01
Calmar ratio Return relative to maximum drawdown	0.84	1.04	-0.21
Martin ratio Return relative to average drawdown	2.78	3.41	-0.63
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

PJFG vs. NUGO - Sharpe Ratio Comparison

The current PJFG Sharpe Ratio is 0.64, which is comparable to the NUGO Sharpe Ratio of 0.73. The chart below compares the historical Sharpe Ratios of PJFG and NUGO, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	PJFG	NUGO	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.64	0.73	-0.09
Sharpe Ratio (All Time) Calculated using the full available price history	1.09	0.40	+0.68

Correlation

The correlation between PJFG and NUGO is 0.96, 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

PJFG vs. NUGO - Dividend Comparison

Neither PJFG nor NUGO has paid dividends to shareholders.

	TTM	2025	2024	2023	2022	2021
PJFG PGIM Jennison Focused Growth ETF	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
NUGO Nuveen Growth Opportunities ETF	0.00%	0.00%	0.00%	0.19%	0.26%	0.00%

Drawdowns

PJFG vs. NUGO - Drawdown Comparison

The maximum PJFG drawdown since its inception was -24.24%, smaller than the maximum NUGO drawdown of -38.01%. Use the drawdown chart below to compare losses from any high point for PJFG and NUGO.

Drawdown Indicators

	PJFG	NUGO	Difference
Max Drawdown Largest peak-to-trough decline	-24.24%	-38.01%	+13.77%
Max Drawdown (1Y) Largest decline over 1 year	-19.00%	-17.54%	-1.46%
Current Drawdown Current decline from peak	-15.03%	-13.52%	-1.51%
Average Drawdown Average peak-to-trough decline	-3.71%	-12.41%	+8.70%
Ulcer Index Depth and duration of drawdowns from previous peaks	5.70%	5.37%	+0.33%

Volatility

PJFG vs. NUGO - Volatility Comparison

The current volatility for PGIM Jennison Focused Growth ETF (PJFG) is 7.23%, while Nuveen Growth Opportunities ETF (NUGO) has a volatility of 7.67%. This indicates that PJFG experiences smaller price fluctuations and is considered to be less risky than NUGO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	PJFG	NUGO	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.23%	7.67%	-0.44%
Volatility (6M) Calculated over the trailing 6-month period	13.45%	14.31%	-0.86%
Volatility (1Y) Calculated over the trailing 1-year period	23.56%	23.89%	-0.33%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	21.06%	23.33%	-2.27%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	21.06%	23.33%	-2.27%