PJFM vs. VXF

Last updated Aug 4, 2026

PJFM (PGIM Jennison Focused Mid-Cap ETF) and VXF (Vanguard Extended Market ETF) are both Mid Cap Blend Equities funds. PJFM is actively managed, while VXF is passively managed. Over the past year, PJFM returned 14.15% vs 25.59% for VXF. Their correlation of 0.87 means they have usually moved in the same direction. PJFM charges 0.49%/yr vs 0.05%/yr for VXF.

Performance

PJFM vs. VXF - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in PGIM Jennison Focused Mid-Cap ETF (PJFM) and Vanguard Extended Market ETF (VXF). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, PJFM achieves a 8.17% return, which is significantly lower than VXF's 15.62% return.

PJFM

• 1D: 1.30%
• 1M: -1.34%
• 6M: 3.96%
• YTD: 8.17%
• 1Y: 14.15%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 11.81%

VXF

• 1D: 1.82%
• 1M: -1.15%
• 6M: 12.27%
• YTD: 15.62%
• 1Y: 25.59%
• 3Y*: 17.56%
• 5Y*: 6.57%
• 10Y*: 11.73%
• ALL TIME*: 10.05%

*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)
PJFM PGIM Jennison Focused Mid-Cap ETF	$2.90K	$36.39K	$53.96K
VXF Vanguard Extended Market ETF	$77.57M	$79.52M	$104.92M

PJFM vs. VXF - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
PJFM PGIM Jennison Focused Mid-Cap ETF	8.17%	7.50%	15.64%	-0.34%
VXF Vanguard Extended Market ETF	15.62%	11.40%	16.89%	1.74%

Correlation

The correlation between PJFM and VXF is 0.84, 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.	0.84
Correlation (All Time) Calculated using the full available price history since Dec 19, 2023	0.87

The correlation between PJFM and VXF has been stable across timeframes, ranging from 0.84 to 0.87 - a consistent structural relationship.

PJFM vs. VXF - Sectors Allocation Comparison

Sectors	PJFM	VXF
Industrials	24.2%	19.6%
Financial Services	16.9%	13.7%
Technology	16.6%	19.2%
Consumer Cyclical	8.3%	8.5%
Utilities	7.6%	1.8%
Energy	6.8%	4.3%
Real Estate	6.8%	5.6%
Healthcare	6.0%	13.6%
Basic Materials	5.8%	4.7%
Communication Services	3.4%	2.8%
Consumer Defensive	0.9%	2.6%

Return for Risk

PJFM vs. VXF — Risk / Return Rank

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

PJFM

PJFM Risk / Return Rank: 34
PJFM Sharpe Ratio Rank: 32
PJFM Sortino Ratio Rank: 32
PJFM Omega Ratio Rank: 31
PJFM Calmar Ratio Rank: 35
PJFM Martin Ratio Rank: 40

VXF

VXF Risk / Return Rank: 63
VXF Sharpe Ratio Rank: 61
VXF Sortino Ratio Rank: 61
VXF Omega Ratio Rank: 56
VXF Calmar Ratio Rank: 70
VXF Martin Ratio Rank: 69

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.

PJFM vs. VXF - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for PGIM Jennison Focused Mid-Cap ETF (PJFM) and Vanguard Extended Market ETF (VXF). 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.

	PJFM	VXF	Difference
Sharpe ratio: Return per unit of total volatility	0.84	1.45	-0.61
Sortino ratio: Return per unit of downside risk	1.31	2.08	-0.77
Omega ratio: Gain probability vs. loss probability	1.15	1.25	-0.10
Calmar ratio: Return relative to maximum drawdown	1.32	2.52	-1.20
Martin ratio: Return relative to average drawdown	4.59	8.54	-3.94

PJFM vs. VXF - Sharpe Ratio Comparison

The current PJFM Sharpe Ratio is 0.84, which is lower than the VXF Sharpe Ratio of 1.45. The chart below compares the historical Sharpe Ratios of PJFM and VXF, 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

PJFM vs. VXF - Drawdown Comparison

The maximum PJFM drawdown since its inception was -22.84%, smaller than the maximum VXF drawdown of -58.03%. Use the drawdown chart below to compare losses from any high point for PJFM and VXF.

Drawdown Indicators

	PJFM	VXF	Difference
Max Drawdown Largest peak-to-trough decline	-22.84%	-58.03%	+35.19%
Max Drawdown (1Y) Largest decline over 1 year	-10.79%	-10.21%	-0.58%
Max Drawdown (3Y) Largest decline over 3 years	—	-26.92%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-36.39%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-41.72%	—
Current Drawdown Current decline from peak	-4.17%	-2.34%	-1.83%
Average Drawdown Average peak-to-trough decline	-3.69%	-9.50%	+5.81%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.09%	3.01%	+0.08%

Volatility

PJFM vs. VXF - Volatility Comparison

PGIM Jennison Focused Mid-Cap ETF (PJFM) has a higher volatility of 5.21% compared to Vanguard Extended Market ETF (VXF) at 4.34%. This indicates that PJFM's price experiences larger fluctuations and is considered to be riskier than VXF based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	PJFM	VXF	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.21%	4.34%	+0.87%
Volatility (6M) Calculated over the trailing 6-month period	14.06%	13.31%	+0.75%
Volatility (1Y) Calculated over the trailing 1-year period	17.00%	17.77%	-0.77%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.82%	22.40%	-4.58%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.82%	22.28%	-4.46%

PJFM vs. VXF - Expense Ratio Comparison

PJFM has a 0.49% expense ratio, which is higher than VXF's 0.05% expense ratio.

Dividends

PJFM vs. VXF - Dividend Comparison

PJFM's dividend yield for the trailing twelve months is around 0.58%, less than VXF's 1.02% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
PJFM PGIM Jennison Focused Mid-Cap ETF	0.58%	0.62%	0.83%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
VXF Vanguard Extended Market ETF	1.02%	1.14%	1.09%	1.27%	1.15%	1.13%	1.07%	1.30%	1.66%	1.25%	1.43%	1.35%

Frequently Asked Questions

Can I hold both PJFM and VXF in my portfolio?

PJFM and VXF have a correlation of 0.84, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, PJFM or VXF?

PJFM has higher volatility (5.21%) compared to VXF (4.34%). In terms of maximum drawdown, PJFM dropped -22.84% vs VXF's -58.03%.

Which ETF is better, PJFM or VXF?

On 1-year performance, VXF leads with 25.59% vs 14.15% for PJFM. On fees, VXF is cheaper at 0.05% per year. On volatility, VXF has been the lower-risk option at 4.34%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, PJFM or VXF?

Over the 1-year period, VXF has performed better with a 25.59% return vs 14.15%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, PJFM or VXF?

VXF is cheaper with a 0.05% expense ratio, compared with 0.49% for PJFM.

Which ETF pays a higher dividend yield, PJFM or VXF?

VXF has the higher dividend yield at 1.02%, compared with 0.58% for PJFM.

What is the main difference between PJFM and VXF?

They also come from different issuers: PGIM and Vanguard. Their fees differ too: 0.49% for PJFM and 0.05% for VXF.

Which has better risk-adjusted returns?

VXF currently has the higher Sharpe Ratio (1.45 vs 0.84), 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.