PortfoliosLab logoPortfoliosLab logo

Documentation

Upgrade your plan
PJFV vs. IWX
Performance
Return for Risk
Drawdowns
Volatility
Dividends

PJFV vs. IWX

Last updated Aug 4, 2026
Documentation

PJFV (PGIM Jennison Focused Value ETF) and IWX (iShares Russell Top 200 Value ETF) are both Large Cap Value Equities funds. PJFV is actively managed, while IWX is passively managed. Over the past 3 years, PJFV returned 24.60%/yr vs 19.92%/yr for IWX. Their correlation of 0.87 means they have usually moved in the same direction. PJFV charges 0.75%/yr vs 0.20%/yr for IWX.

Performance

PJFV vs. IWX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in PGIM Jennison Focused Value ETF (PJFV) and iShares Russell Top 200 Value ETF (IWX). The values are adjusted to include any dividend payments, if applicable.

Loading charts...

Returns By Period

The year-to-date returns for both investments are quite close, with PJFV having a 21.61% return and IWX slightly higher at 22.04%.

PJFV

1D
0.72%
1M
2.39%
6M
16.40%
YTD
21.61%
1Y
35.51%
3Y*
24.60%
5Y*
—
10Y*
—
ALL TIME*
21.89%

IWX

1D
0.94%
1M
3.56%
6M
15.64%
YTD
22.04%
1Y
36.20%
3Y*
19.92%
5Y*
12.91%
10Y*
12.05%
ALL TIME*
11.75%
*Multi-year figures are annualized to reflect compound growth (CAGR)

Liquidity Comparison

PositionAvg. Volume Value (2W)Avg. Volume Value (1M)Avg. Volume Value (3M)

IWX

iShares Russell Top 200 Value ETF
$52.73M$47.86M$34.45M

PJFV

PGIM Jennison Focused Value ETF
$2.03M$1.86M$1.55M

PJFV vs. IWX - Yearly Performance Comparison

2026 (YTD)2025202420232022
PJFV
PGIM Jennison Focused Value ETF		21.61%18.65%24.13%18.52%-3.25%
IWX
iShares Russell Top 200 Value ETF		22.04%18.23%14.89%10.45%-2.20%

Correlation

The correlation between PJFV and IWX 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 (3Y)
Balances recent behavior with more history.

0.86

Correlation (All Time)
Calculated using the full available price history since Dec 14, 2022

0.87

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

PJFV vs. IWX - Sectors Allocation Comparison

Sectors
PJFV
IWX

Technology

20.9%
22.6%

Financial Services

18.0%
20.0%

Industrials

16.9%
8.3%

Consumer Cyclical

10.5%
11.6%

Healthcare

9.8%
13.6%

Energy

7.8%
5.1%

Utilities

7.4%
2.6%

Communication Services

4.8%
3.5%

Consumer Defensive

3.7%
8.2%

Basic Materials

0.9%
2.8%

Real Estate

-

1.8%

Technology

PJFV
20.9%
IWX
22.6%

Financial Services

PJFV
18.0%
IWX
20.0%

Industrials

PJFV
16.9%
IWX
8.3%

Consumer Cyclical

PJFV
10.5%
IWX
11.6%

Healthcare

PJFV
9.8%
IWX
13.6%

Energy

PJFV
7.8%
IWX
5.1%

Utilities

PJFV
7.4%
IWX
2.6%

Communication Services

PJFV
4.8%
IWX
3.5%

Consumer Defensive

PJFV
3.7%
IWX
8.2%

Basic Materials

PJFV
0.9%
IWX
2.8%

Real Estate

PJFV

-

IWX
1.8%

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

PGIM Jennison Focused Value ETF

iShares Russell Top 200 Value ETF

Often compared with PJFV:
PJFV vs. BAMDPJFV vs. HIDVPJFV vs. DDIVPJFV vs. COWZPJFV vs. CGDVPJFV vs. SPYPJFV vs. INCE
Often compared with IWX:
IWX vs. IWNIWX vs. IWYIWX vs. IWCIWX vs. IWFIWX vs. XLPIWX vs. QQQIWX vs. SPYV

Return for Risk

PJFV vs. IWX — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.
PJFV
PJFV Risk / Return Rank: 9494
Overall Rank
PJFV Sharpe Ratio Rank: 9494
Sharpe Ratio Rank
PJFV Sortino Ratio Rank: 9494
Sortino Ratio Rank
PJFV Omega Ratio Rank: 9393
Omega Ratio Rank
PJFV Calmar Ratio Rank: 9494
Calmar Ratio Rank
PJFV Martin Ratio Rank: 9595
Martin Ratio Rank
IWX
IWX Risk / Return Rank: 9696
Overall Rank
IWX Sharpe Ratio Rank: 9797
Sharpe Ratio Rank
IWX Sortino Ratio Rank: 9696
Sortino Ratio Rank
IWX Omega Ratio Rank: 9696
Omega Ratio Rank
IWX Calmar Ratio Rank: 9595
Calmar Ratio Rank
IWX Martin Ratio Rank: 9696
Martin Ratio Rank
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.

PJFV vs. IWX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for PGIM Jennison Focused Value ETF (PJFV) and iShares Russell Top 200 Value ETF (IWX). 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.

PJFVIWXDifference
Sharpe ratioReturn per unit of total volatility
2.73
3.40

-0.67

Sortino ratioReturn per unit of downside risk
3.76
4.70

-0.94

Omega ratioGain probability vs. loss probability

1.49

1.61

-0.13

Calmar ratioReturn relative to maximum drawdown

4.88

5.52

-0.64

Martin ratioReturn relative to average drawdown

20.63

24.26

-3.63

PJFV vs. IWX - Sharpe Ratio Comparison

The current PJFV Sharpe Ratio is 2.73, which is comparable to the IWX Sharpe Ratio of 3.40. The chart below compares the historical Sharpe Ratios of PJFV and IWX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Loading charts...

Drawdowns

PJFV vs. IWX - Drawdown Comparison

The maximum PJFV drawdown since its inception was -18.15%, smaller than the maximum IWX drawdown of -35.76%. Use the drawdown chart below to compare losses from any high point for PJFV and IWX.

Loading charts...

Drawdown Indicators

PJFVIWXDifference

Max Drawdown

Largest peak-to-trough decline

-18.15%

-35.76%

+17.61%

Max Drawdown (1Y)

Largest decline over 1 year

-7.31%

-6.59%

-0.72%

Max Drawdown (3Y)

Largest decline over 3 years

-18.15%

-13.37%

-4.78%

Max Drawdown (5Y)

Largest decline over 5 years

—

-18.13%

—

Max Drawdown (10Y)

Largest decline over 10 years

—

-35.76%

—

Current Drawdown

Current decline from peak

0.00%

0.00%

0.00%

Average Drawdown

Average peak-to-trough decline

-2.06%

-3.79%

+1.73%

Ulcer Index

Depth and duration of drawdowns from previous peaks

1.73%

1.50%

+0.23%

Volatility

PJFV vs. IWX - Volatility Comparison

PGIM Jennison Focused Value ETF (PJFV) has a higher volatility of 3.77% compared to iShares Russell Top 200 Value ETF (IWX) at 2.94%. This indicates that PJFV's price experiences larger fluctuations and is considered to be riskier than IWX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Loading charts...

Volatility by Period

PJFVIWXDifference

Volatility (1M)

Calculated over the trailing 1-month period

3.77%

2.94%

+0.83%

Volatility (6M)

Calculated over the trailing 6-month period

10.60%

8.50%

+2.10%

Volatility (1Y)

Calculated over the trailing 1-year period

13.08%

10.71%

+2.37%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

14.13%

13.89%

+0.24%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

14.13%

16.49%

-2.36%

PJFV vs. IWX - Expense Ratio Comparison

PJFV has a 0.75% expense ratio, which is higher than IWX's 0.20% expense ratio.

Dividends

PJFV vs. IWX - Dividend Comparison

PJFV's dividend yield for the trailing twelve months is around 0.56%, less than IWX's 1.38% yield.

PositionTTM20252024202320222021202020192018201720162015
IWX
iShares Russell Top 200 Value ETF		1.38%1.59%1.97%2.13%2.07%1.79%2.12%2.60%2.66%2.12%2.22%2.77%
PJFV
PGIM Jennison Focused Value ETF		0.56%0.68%1.31%1.20%0.12%0.00%0.00%0.00%0.00%0.00%0.00%0.00%

Frequently Asked Questions

PJFV and IWX 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.

PJFV has higher volatility (3.77%) compared to IWX (2.94%). In terms of maximum drawdown, PJFV dropped -18.15% vs IWX's -35.76%.

On 3-year performance, PJFV leads with 24.60% vs 19.92% for IWX. On fees, IWX is cheaper at 0.20% per year. On volatility, IWX has been the lower-risk option at 2.94%. 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 24.60% return vs 19.92%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

IWX is cheaper with a 0.20% expense ratio, compared with 0.75% for PJFV.

IWX has the higher dividend yield at 1.38%, compared with 0.56% for PJFV.

They also come from different issuers: PGIM and iShares. Their fees differ too: 0.75% for PJFV and 0.20% for IWX.

IWX currently has the higher Sharpe Ratio (3.40 vs 2.73), 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.

Portfolio Optimizer

Find the right allocation for PJFV and IWX

Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.

Open Portfolio Optimizer