PJFV vs. HIDV

Last updated Jun 24, 2026

PJFV (PGIM Jennison Focused Value ETF) and HIDV (AB US High Dividend ETF) are both Large Cap Value Equities funds. Both are actively managed. Over the past 3 years, PJFV returned 24.88%/yr vs 20.68%/yr for HIDV. Their correlation of 0.88 suggests significant overlap in exposure. PJFV charges 0.75%/yr vs 0.45%/yr for HIDV.

Performance

PJFV vs. HIDV - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in PGIM Jennison Focused Value ETF (PJFV) and AB US High Dividend ETF (HIDV). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, PJFV achieves a 16.89% return, which is significantly higher than HIDV's 8.94% return.

PJFV

• 1D: -0.95%
• 1M: 3.08%
• YTD: 16.89%
• 6M: 16.25%
• 1Y: 34.17%
• 3Y*: 24.88%
• 5Y*: —
• 10Y*: —

HIDV

• 1D: -1.03%
• 1M: -1.16%
• YTD: 8.94%
• 6M: 8.20%
• 1Y: 24.57%
• 3Y*: 20.68%
• 5Y*: —
• 10Y*: —

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

PJFV vs. HIDV - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
PJFV PGIM Jennison Focused Value ETF	16.89%	18.65%	24.13%	20.93%
HIDV AB US High Dividend ETF	8.94%	14.64%	26.01%	20.30%

Correlation

The correlation between PJFV and HIDV is 0.84, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.84
Correlation (3Y) Calculated over the trailing 3-year period	0.87
Correlation (All Time) Calculated using the full available price history since Mar 22, 2023	0.88

The correlation between PJFV and HIDV has been stable across timeframes, ranging from 0.84 to 0.88 - a consistent structural relationship.

Return for Risk

PJFV vs. HIDV — Risk / Return Rank

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

PJFV

PJFV Risk / Return Rank: 88
PJFV Sharpe Ratio Rank: 88
PJFV Sortino Ratio Rank: 88
PJFV Omega Ratio Rank: 86
PJFV Calmar Ratio Rank: 87
PJFV Martin Ratio Rank: 91

HIDV

HIDV Risk / Return Rank: 64
HIDV Sharpe Ratio Rank: 67
HIDV Sortino Ratio Rank: 66
HIDV Omega Ratio Rank: 65
HIDV Calmar Ratio Rank: 56
HIDV Martin Ratio Rank: 65

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.

PJFV vs. HIDV - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for PGIM Jennison Focused Value ETF (PJFV) and AB US High Dividend ETF (HIDV). 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.

	PJFV	HIDV	Difference
Sharpe ratio: Return per unit of total volatility	2.69	2.02	+0.68
Sortino ratio: Return per unit of downside risk	3.69	2.82	+0.87
Omega ratio: Gain probability vs. loss probability	1.48	1.36	+0.12
Calmar ratio: Return relative to maximum drawdown	4.69	2.58	+2.11
Martin ratio: Return relative to average drawdown	19.89	11.05	+8.84

PJFV vs. HIDV - Sharpe Ratio Comparison

The current PJFV Sharpe Ratio is 2.69, which is higher than the HIDV Sharpe Ratio of 2.02. The chart below compares the historical Sharpe Ratios of PJFV and HIDV, 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

PJFV vs. HIDV - Drawdown Comparison

The maximum PJFV drawdown since its inception was -18.15%, roughly equal to the maximum HIDV drawdown of -18.76%. Use the drawdown chart below to compare losses from any high point for PJFV and HIDV.

Drawdown Indicators

	PJFV	HIDV	Difference
Max Drawdown Largest peak-to-trough decline	-18.15%	-18.76%	+0.61%
Max Drawdown (1Y) Largest decline over 1 year	-7.31%	-9.57%	+2.26%
Max Drawdown (3Y) Largest decline over 3 years	-18.15%	-18.76%	+0.61%
Current Drawdown Current decline from peak	-0.95%	-2.75%	+1.80%
Average Drawdown Average peak-to-trough decline	-2.11%	-2.05%	-0.06%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.72%	2.23%	-0.51%

Volatility

PJFV vs. HIDV - Volatility Comparison

PGIM Jennison Focused Value ETF (PJFV) and AB US High Dividend ETF (HIDV) have volatilities of 4.31% and 4.12%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	PJFV	HIDV	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.31%	4.12%	+0.19%
Volatility (6M) Calculated over the trailing 6-month period	10.53%	9.57%	+0.96%
Volatility (1Y) Calculated over the trailing 1-year period	12.79%	12.27%	+0.52%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.18%	14.57%	-0.39%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	14.18%	14.57%	-0.39%

PJFV vs. HIDV - Expense Ratio Comparison

PJFV has a 0.75% expense ratio, which is higher than HIDV's 0.45% expense ratio.

Dividends

PJFV vs. HIDV - Dividend Comparison

PJFV's dividend yield for the trailing twelve months is around 0.59%, less than HIDV's 2.38% yield.

Position	TTM	2025	2024	2023	2022
HIDV AB US High Dividend ETF	2.38%	2.22%	2.29%	2.23%	0.00%
PJFV PGIM Jennison Focused Value ETF	0.59%	0.68%	1.31%	1.20%	0.12%

Frequently Asked Questions

Can I hold both PJFV and HIDV in my portfolio?

PJFV and HIDV 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, PJFV or HIDV?

PJFV has higher volatility (4.31%) compared to HIDV (4.12%). In terms of maximum drawdown, PJFV dropped -18.15% vs HIDV's -18.76%.

Which ETF is better, PJFV or HIDV?

On 3-year performance, PJFV leads with 24.88% vs 20.68% for HIDV. On fees, HIDV is cheaper at 0.45% per year. On volatility, HIDV has been the lower-risk option at 4.12%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, PJFV or HIDV?

Over the 3-year period, PJFV has performed better with a 24.88% return vs 20.68%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, PJFV or HIDV?

HIDV is cheaper with a 0.45% expense ratio, compared with 0.75% for PJFV.

Which ETF pays a higher dividend yield, PJFV or HIDV?

HIDV has the higher dividend yield at 2.38%, compared with 0.59% for PJFV.

What is the main difference between PJFV and HIDV?

They also come from different issuers: PGIM and AllianceBernstein. Their fees differ too: 0.75% for PJFV and 0.45% for HIDV.

Which has better risk-adjusted returns?

PJFV currently has the higher Sharpe Ratio (2.69 vs 2.02), 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.