PJFV vs. GSG
PJFV (PGIM Jennison Focused Value ETF) and GSG (iShares S&P GSCI Commodity-Indexed Trust) are both exchange-traded funds - PJFV is a Large Cap Value Equities fund actively managed by PGIM, while GSG is a Commodities fund tracking the S&P GSCI Total Return Index. PJFV is actively managed, while GSG is passively managed. Over the past 3 years, PJFV returned 24.56%/yr vs 19.31%/yr for GSG. At a 0.14 correlation, their price movements are largely independent. Both charge a 0.75% expense ratio.
Performance
PJFV vs. GSG - Performance Comparison
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Returns By Period
In the year-to-date period, PJFV achieves a 15.15% return, which is significantly lower than GSG's 42.58% return.
PJFV
- 1D
- 0.17%
- 1M
- 4.27%
- YTD
- 15.15%
- 6M
- 15.46%
- 1Y
- 35.20%
- 3Y*
- 24.56%
- 5Y*
- —
- 10Y*
- —
GSG
- 1D
- 0.77%
- 1M
- -4.83%
- YTD
- 42.58%
- 6M
- 41.06%
- 1Y
- 51.52%
- 3Y*
- 19.31%
- 5Y*
- 15.74%
- 10Y*
- 7.69%
PJFV vs. GSG - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
PJFV PGIM Jennison Focused Value ETF | 15.15% | 18.65% | 24.13% | 18.52% | -2.19% |
GSG iShares S&P GSCI Commodity-Indexed Trust | 42.58% | 5.93% | 8.52% | -5.51% | 1.43% |
Correlation
The correlation between PJFV and GSG is -0.16, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.16 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.06 |
Correlation (All Time) Calculated using the full available price history since Dec 15, 2022 | 0.14 |
The correlation between PJFV and GSG shifts across timeframes, from -0.16 (1 year) to 0.14 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
PJFV vs. GSG — Risk / Return Rank
PJFV
GSG
PJFV vs. GSG - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for PGIM Jennison Focused Value ETF (PJFV) and iShares S&P GSCI Commodity-Indexed Trust (GSG). 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.
| PJFV | GSG | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.63 | ||
| Sortino ratioReturn per unit of downside risk | +1.09 | ||
| Omega ratioGain probability vs. loss probability | 1.52 | 1.40 | +0.12 |
| Calmar ratioReturn relative to maximum drawdown | 4.83 | 5.47 | -0.64 |
| Martin ratioReturn relative to average drawdown | 20.72 | 14.39 | +6.33 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| PJFV | GSG | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.88 | 2.26 | +0.63 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.70 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.35 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.54 | -0.09 | +1.62 |
Drawdowns
PJFV vs. GSG - Drawdown Comparison
The maximum PJFV drawdown since its inception was -18.15%, smaller than the maximum GSG drawdown of -89.62%. Use the drawdown chart below to compare losses from any high point for PJFV and GSG.
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Drawdown Indicators
| PJFV | GSG | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -18.15% | -89.62% | +71.47% |
Max Drawdown (1Y)Largest decline over 1 year | -7.31% | -9.46% | +2.15% |
Max Drawdown (3Y)Largest decline over 3 years | -18.15% | -14.94% | -3.21% |
Max Drawdown (5Y)Largest decline over 5 years | — | -29.12% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -57.64% | — |
Current DrawdownCurrent decline from peak | 0.00% | -56.95% | +56.95% |
Average DrawdownAverage peak-to-trough decline | -2.11% | -63.71% | +61.60% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.70% | 3.59% | -1.89% |
Volatility
PJFV vs. GSG - Volatility Comparison
The current volatility for PGIM Jennison Focused Value ETF (PJFV) is 4.21%, while iShares S&P GSCI Commodity-Indexed Trust (GSG) has a volatility of 7.65%. This indicates that PJFV experiences smaller price fluctuations and is considered to be less risky than GSG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PJFV | GSG | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.21% | 7.65% | -3.44% |
Volatility (6M)Calculated over the trailing 6-month period | 10.01% | 20.42% | -10.41% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.29% | 22.95% | -10.66% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.12% | 22.61% | -8.49% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.12% | 22.03% | -7.91% |
PJFV vs. GSG - Expense Ratio Comparison
Both PJFV and GSG have an expense ratio of 0.75%.
Dividends
PJFV vs. GSG - Dividend Comparison
PJFV's dividend yield for the trailing twelve months is around 0.59%, while GSG has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
GSG iShares S&P GSCI Commodity-Indexed Trust | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
PJFV PGIM Jennison Focused Value ETF | 0.59% | 0.68% | 1.31% | 1.20% | 0.12% |
Frequently Asked Questions
PJFV and GSG have a correlation of -0.16, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
GSG has higher volatility (7.65%) compared to PJFV (4.21%). In terms of maximum drawdown, PJFV dropped -18.15% vs GSG's -89.62%.
On 3-year performance, PJFV leads with 24.56% vs 19.31% for GSG. Both ETFs have the same 0.75% expense ratio. On volatility, PJFV has been the lower-risk option at 4.21%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, PJFV has performed better with a 24.56% return vs 19.31%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
PJFV and GSG have the same expense ratio: 0.75% per year.
PJFV has the higher dividend yield at 0.59%, compared with 0.00% for GSG.
PJFV is categorized as Large Cap Value Equities, while GSG is Commodities. They also come from different issuers: PGIM and iShares.
PJFV currently has the higher Sharpe Ratio (2.88 vs 2.26), 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.
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