PJFG vs. SCHG

Last updated Jun 3, 2026

PJFG (PGIM Jennison Focused Growth ETF) and SCHG (Schwab U.S. Large-Cap Growth ETF) are both Large Cap Growth Equities funds. PJFG is actively managed, while SCHG is passively managed. Over the past 3 years, PJFG returned 24.62%/yr vs 25.53%/yr for SCHG. With a 0.97 correlation, they move nearly in lockstep. PJFG charges 0.75%/yr vs 0.04%/yr for SCHG.

Performance

PJFG vs. SCHG - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in PGIM Jennison Focused Growth ETF (PJFG) and Schwab U.S. Large-Cap Growth ETF (SCHG). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, PJFG achieves a 8.15% return, which is significantly higher than SCHG's 7.74% return.

PJFG

• 1D: -0.77%
• 1M: 8.02%
• YTD: 8.15%
• 6M: 7.10%
• 1Y: 22.17%
• 3Y*: 24.62%
• 5Y*: —
• 10Y*: —

SCHG

• 1D: -0.57%
• 1M: 5.91%
• YTD: 7.74%
• 6M: 7.31%
• 1Y: 27.05%
• 3Y*: 25.53%
• 5Y*: 16.21%
• 10Y*: 18.92%

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

PJFG vs. SCHG - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
PJFG PGIM Jennison Focused Growth ETF	8.15%	16.94%	31.59%	54.23%	-6.69%
SCHG Schwab U.S. Large-Cap Growth ETF	7.74%	17.50%	34.95%	50.10%	-6.15%

Correlation

The correlation between PJFG and SCHG is 0.97 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.97
Correlation (3Y) Calculated over the trailing 3-year period	0.97
Correlation (All Time) Calculated using the full available price history since Dec 15, 2022	0.97

The correlation between PJFG and SCHG has been stable across timeframes, ranging from 0.97 to 0.97 - a consistent structural relationship.

PJFG vs. SCHG - Sectors Allocation Comparison

Sectors	PJFG	SCHG
Technology	48.4%	46.3%
Communication Services	20.2%	16.0%
Consumer Cyclical	12.6%	12.7%
Healthcare	6.0%	7.7%
Industrials	4.9%	5.8%
Financial Services	3.4%	6.7%
Consumer Defensive	3.0%	1.7%
Utilities	1.6%	0.4%
Basic Materials	-	1.4%
Energy	-	0.8%
Real Estate	-	0.5%

Return for Risk

PJFG vs. SCHG — Risk / Return Rank

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

PJFG

PJFG Risk / Return Rank: 32
PJFG Sharpe Ratio Rank: 37
PJFG Sortino Ratio Rank: 35
PJFG Omega Ratio Rank: 35
PJFG Calmar Ratio Rank: 25
PJFG Martin Ratio Rank: 27

SCHG

SCHG Risk / Return Rank: 43
SCHG Sharpe Ratio Rank: 50
SCHG Sortino Ratio Rank: 48
SCHG Omega Ratio Rank: 49
SCHG Calmar Ratio Rank: 34
SCHG Martin Ratio Rank: 36

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. SCHG - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for PGIM Jennison Focused Growth ETF (PJFG) and Schwab U.S. Large-Cap Growth ETF (SCHG). 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	SCHG	Difference
Sharpe ratio Return per unit of total volatility	1.33	1.76	-0.43
Sortino ratio Return per unit of downside risk	1.86	2.37	-0.51
Omega ratio Gain probability vs. loss probability	1.23	1.31	-0.07
Calmar ratio Return relative to maximum drawdown	1.22	1.70	-0.48
Martin ratio Return relative to average drawdown	3.84	5.70	-1.86
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. SCHG - Sharpe Ratio Comparison

The current PJFG Sharpe Ratio is 1.33, which is comparable to the SCHG Sharpe Ratio of 1.76. The chart below compares the historical Sharpe Ratios of PJFG and SCHG, 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

	PJFG	SCHG	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.33	1.76	-0.43
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.73	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.88	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.39	0.85	+0.54

Drawdowns

PJFG vs. SCHG - Drawdown Comparison

The maximum PJFG drawdown since its inception was -24.24%, smaller than the maximum SCHG drawdown of -34.59%. Use the drawdown chart below to compare losses from any high point for PJFG and SCHG.

Drawdown Indicators

	PJFG	SCHG	Difference
Max Drawdown Largest peak-to-trough decline	-24.24%	-34.59%	+10.35%
Max Drawdown (1Y) Largest decline over 1 year	-19.00%	-16.41%	-2.59%
Max Drawdown (3Y) Largest decline over 3 years	-24.24%	-23.39%	-0.85%
Max Drawdown (5Y) Largest decline over 5 years	—	-34.59%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-34.59%	—
Current Drawdown Current decline from peak	-0.77%	-0.57%	-0.20%
Average Drawdown Average peak-to-trough decline	-3.75%	-5.20%	+1.45%
Ulcer Index Depth and duration of drawdowns from previous peaks	6.04%	4.90%	+1.14%

Volatility

PJFG vs. SCHG - Volatility Comparison

PGIM Jennison Focused Growth ETF (PJFG) has a higher volatility of 4.01% compared to Schwab U.S. Large-Cap Growth ETF (SCHG) at 3.31%. This indicates that PJFG's price experiences larger fluctuations and is considered to be riskier than SCHG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	PJFG	SCHG	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.01%	3.31%	+0.70%
Volatility (6M) Calculated over the trailing 6-month period	12.82%	11.56%	+1.26%
Volatility (1Y) Calculated over the trailing 1-year period	16.78%	15.45%	+1.33%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	20.87%	22.27%	-1.40%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	20.87%	21.55%	-0.68%

PJFG vs. SCHG - Expense Ratio Comparison

PJFG has a 0.75% expense ratio, which is higher than SCHG's 0.04% expense ratio.

Dividends

PJFG vs. SCHG - Dividend Comparison

PJFG has not paid dividends to shareholders, while SCHG's dividend yield for the trailing twelve months is around 0.36%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
PJFG PGIM Jennison Focused Growth ETF	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
SCHG Schwab U.S. Large-Cap Growth ETF	0.36%	0.36%	0.39%	0.46%	0.55%	0.42%	0.52%	0.82%	1.27%	1.01%	1.04%	1.22%

Frequently Asked Questions

Can I hold both PJFG and SCHG in my portfolio?

With a correlation of 0.97, PJFG and SCHG 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, PJFG or SCHG?

PJFG has higher volatility (4.01%) compared to SCHG (3.31%). In terms of maximum drawdown, PJFG dropped -24.24% vs SCHG's -34.59%.

Which ETF is better, PJFG or SCHG?

On 3-year performance, SCHG leads with 25.53% vs 24.62% for PJFG. On fees, SCHG is cheaper at 0.04% per year. On volatility, SCHG has been the lower-risk option at 3.31%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, PJFG or SCHG?

Over the 3-year period, SCHG has performed better with a 25.53% return vs 24.62%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, PJFG or SCHG?

SCHG is cheaper with a 0.04% expense ratio, compared with 0.75% for PJFG.

Which ETF pays a higher dividend yield, PJFG or SCHG?

SCHG has the higher dividend yield at 0.36%, compared with 0.00% for PJFG.

What is the main difference between PJFG and SCHG?

They also come from different issuers: PGIM and Charles Schwab. Their fees differ too: 0.75% for PJFG and 0.04% for SCHG.

Which has better risk-adjusted returns?

SCHG currently has the higher Sharpe Ratio (1.76 vs 1.33), 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.