PJFV vs. HIDV
Compare and contrast key facts about PGIM Jennison Focused Value ETF (PJFV) and AB US High Dividend ETF (HIDV).
PJFV and HIDV are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. PJFV is an actively managed fund by PGIM. It was launched on Dec 12, 2022. HIDV is an actively managed fund by AB Funds. It was launched on Mar 21, 2023.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: PJFV or HIDV.
Correlation
The correlation between PJFV and HIDV is 0.88, 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.
Performance
PJFV vs. HIDV - Performance Comparison
Key characteristics
PJFV:
2.24
HIDV:
2.26
PJFV:
3.19
HIDV:
3.01
PJFV:
1.42
HIDV:
1.42
PJFV:
3.51
HIDV:
3.67
PJFV:
12.22
HIDV:
14.06
PJFV:
2.17%
HIDV:
1.92%
PJFV:
11.81%
HIDV:
11.94%
PJFV:
-8.59%
HIDV:
-10.01%
PJFV:
-0.30%
HIDV:
-0.36%
Returns By Period
In the year-to-date period, PJFV achieves a 5.37% return, which is significantly higher than HIDV's 3.05% return.
PJFV
5.37%
2.70%
11.01%
23.94%
N/A
N/A
HIDV
3.05%
1.23%
8.47%
25.30%
N/A
N/A
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PJFV vs. HIDV - Expense Ratio Comparison
PJFV has a 0.75% expense ratio, which is higher than HIDV's 0.45% expense ratio.
Risk-Adjusted Performance
PJFV vs. HIDV — Risk-Adjusted Performance Rank
PJFV
HIDV
PJFV vs. HIDV - Risk-Adjusted Performance 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.
Dividends
PJFV vs. HIDV - Dividend Comparison
PJFV's dividend yield for the trailing twelve months is around 1.24%, less than HIDV's 2.23% yield.
| TTM | 2024 | 2023 | 2022 | |
|---|---|---|---|---|
PJFV PGIM Jennison Focused Value ETF | 1.24% | 1.31% | 1.20% | 0.12% |
HIDV AB US High Dividend ETF | 2.23% | 2.30% | 2.23% | 0.00% |
Drawdowns
PJFV vs. HIDV - Drawdown Comparison
The maximum PJFV drawdown since its inception was -8.59%, smaller than the maximum HIDV drawdown of -10.01%. Use the drawdown chart below to compare losses from any high point for PJFV and HIDV. For additional features, visit the drawdowns tool.
Volatility
PJFV vs. HIDV - Volatility Comparison
The current volatility for PGIM Jennison Focused Value ETF (PJFV) is 2.45%, while AB US High Dividend ETF (HIDV) has a volatility of 3.01%. This indicates that PJFV experiences smaller price fluctuations and is considered to be less risky than HIDV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.