PJFV vs. SPY
Compare and contrast key facts about PGIM Jennison Focused Value ETF (PJFV) and SPDR S&P 500 ETF (SPY).
PJFV and SPY 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. SPY is a passively managed fund by State Street that tracks the performance of the S&P 500 Index. It was launched on Jan 22, 1993.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: PJFV or SPY.
Correlation
The correlation between PJFV and SPY is 0.85, 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. SPY - Performance Comparison
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Key characteristics
PJFV:
0.28
SPY:
0.50
PJFV:
0.62
SPY:
0.88
PJFV:
1.11
SPY:
1.13
PJFV:
0.42
SPY:
0.56
PJFV:
1.54
SPY:
2.17
PJFV:
4.96%
SPY:
4.85%
PJFV:
24.55%
SPY:
20.02%
PJFV:
-18.15%
SPY:
-55.19%
PJFV:
-8.56%
SPY:
-7.65%
Returns By Period
In the year-to-date period, PJFV achieves a -3.03% return, which is significantly higher than SPY's -3.42% return.
PJFV
-3.03%
7.89%
-6.05%
6.58%
N/A
N/A
SPY
-3.42%
7.58%
-5.06%
9.73%
15.77%
12.35%
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PJFV vs. SPY - Expense Ratio Comparison
PJFV has a 0.75% expense ratio, which is higher than SPY's 0.09% expense ratio.
Risk-Adjusted Performance
PJFV vs. SPY — Risk-Adjusted Performance Rank
PJFV
SPY
PJFV vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for PGIM Jennison Focused Value ETF (PJFV) and SPDR S&P 500 ETF (SPY). 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.
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Dividends
PJFV vs. SPY - Dividend Comparison
PJFV's dividend yield for the trailing twelve months is around 1.35%, more than SPY's 1.27% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PJFV PGIM Jennison Focused Value ETF | 1.35% | 1.31% | 1.20% | 0.12% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SPY SPDR S&P 500 ETF | 1.27% | 1.21% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% |
Drawdowns
PJFV vs. SPY - Drawdown Comparison
The maximum PJFV drawdown since its inception was -18.15%, smaller than the maximum SPY drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for PJFV and SPY. For additional features, visit the drawdowns tool.
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Volatility
PJFV vs. SPY - Volatility Comparison
The current volatility for PGIM Jennison Focused Value ETF (PJFV) is 6.62%, while SPDR S&P 500 ETF (SPY) has a volatility of 7.48%. This indicates that PJFV experiences smaller price fluctuations and is considered to be less risky than SPY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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