Correlation
The correlation between PJFM and FLQM is 0.76, 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.
PJFM vs. FLQM
Compare and contrast key facts about PGIM Jennison Focused Mid-Cap ETF (PJFM) and Franklin LibertyQ U.S. Mid Cap Equity ETF (FLQM).
PJFM and FLQM are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. PJFM is an actively managed fund by PGIM. It was launched on Dec 14, 2023. FLQM is a passively managed fund by Franklin Templeton that tracks the performance of the LibertyQ U.S. Mid Cap Equity Index. It was launched on Apr 26, 2017.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: PJFM or FLQM.
Performance
PJFM vs. FLQM - Performance Comparison
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Key characteristics
PJFM:
0.53
FLQM:
0.30
PJFM:
0.83
FLQM:
0.53
PJFM:
1.12
FLQM:
1.07
PJFM:
0.48
FLQM:
0.26
PJFM:
1.56
FLQM:
0.81
PJFM:
7.02%
FLQM:
6.18%
PJFM:
21.39%
FLQM:
18.24%
PJFM:
-22.84%
FLQM:
-37.26%
PJFM:
-7.87%
FLQM:
-8.61%
Returns By Period
In the year-to-date period, PJFM achieves a -0.98% return, which is significantly higher than FLQM's -1.47% return.
PJFM
-0.98%
7.45%
-7.87%
9.64%
N/A
N/A
N/A
FLQM
-1.47%
3.49%
-8.33%
3.86%
9.77%
13.52%
N/A
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PJFM vs. FLQM - Expense Ratio Comparison
PJFM has a 0.49% expense ratio, which is higher than FLQM's 0.30% expense ratio.
Risk-Adjusted Performance
PJFM vs. FLQM — Risk-Adjusted Performance Rank
PJFM
FLQM
PJFM vs. FLQM - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for PGIM Jennison Focused Mid-Cap ETF (PJFM) and Franklin LibertyQ U.S. Mid Cap Equity ETF (FLQM). 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.
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Dividends
PJFM vs. FLQM - Dividend Comparison
PJFM's dividend yield for the trailing twelve months is around 0.84%, less than FLQM's 1.35% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|
PJFM PGIM Jennison Focused Mid-Cap ETF | 0.84% | 0.83% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
FLQM Franklin LibertyQ U.S. Mid Cap Equity ETF | 1.35% | 1.28% | 1.27% | 1.33% | 1.05% | 1.10% | 1.37% | 1.46% | 1.14% |
Drawdowns
PJFM vs. FLQM - Drawdown Comparison
The maximum PJFM drawdown since its inception was -22.84%, smaller than the maximum FLQM drawdown of -37.26%. Use the drawdown chart below to compare losses from any high point for PJFM and FLQM.
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Volatility
PJFM vs. FLQM - Volatility Comparison
The current volatility for PGIM Jennison Focused Mid-Cap ETF (PJFM) is 4.39%, while Franklin LibertyQ U.S. Mid Cap Equity ETF (FLQM) has a volatility of 5.11%. This indicates that PJFM experiences smaller price fluctuations and is considered to be less risky than FLQM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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