PJGZX vs. PGOAX

Last updated Jun 27, 2026

PJGZX (PGIM Jennison Focused Value Fund) and PGOAX (PGIM Jennison Small Company Fund) are both mutual funds - PJGZX is a Large Cap Value Equities fund managed by PGIM, while PGOAX is a Small Cap Growth Equities fund managed by PGIM. Over the past 10 years, PJGZX returned 14.95%/yr vs 13.96%/yr for PGOAX. Their correlation of 0.88 suggests significant overlap in exposure. PJGZX charges 0.75%/yr vs 1.13%/yr for PGOAX.

Performance

PJGZX vs. PGOAX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in PGIM Jennison Focused Value Fund (PJGZX) and PGIM Jennison Small Company Fund (PGOAX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

The year-to-date returns for both stocks are quite close, with PJGZX having a 18.42% return and PGOAX slightly lower at 17.58%. Over the past 10 years, PJGZX has outperformed PGOAX with an annualized return of 14.95%, while PGOAX has yielded a comparatively lower 13.96% annualized return.

PJGZX

• 1D: 1.22%
• 1M: 3.55%
• YTD: 18.42%
• 6M: 17.31%
• 1Y: 33.46%
• 3Y*: 28.52%
• 5Y*: 16.35%
• 10Y*: 14.95%

PGOAX

• 1D: 1.25%
• 1M: 5.41%
• YTD: 17.58%
• 6M: 15.41%
• 1Y: 30.58%
• 3Y*: 16.63%
• 5Y*: 7.26%
• 10Y*: 13.96%

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

PJGZX vs. PGOAX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
PJGZX PGIM Jennison Focused Value Fund	18.42%	17.64%	35.33%	16.78%	-10.83%	27.74%	1.23%	30.70%	-13.73%	16.17%
PGOAX PGIM Jennison Small Company Fund	17.58%	6.96%	16.26%	11.48%	-18.85%	29.05%	27.07%	41.48%	-13.69%	19.58%

Correlation

The correlation between PJGZX and PGOAX is 0.85, 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	0.85
Correlation (3Y) Calculated over the trailing 3-year period	0.85
Correlation (5Y) Calculated over the trailing 5-year period	0.86
Correlation (10Y) Calculated over the trailing 10-year period	0.87
Correlation (All Time) Calculated using the full available price history since Nov 7, 1996	0.88

The correlation between PJGZX and PGOAX has been stable across timeframes, ranging from 0.85 to 0.88 - a consistent structural relationship.

Return for Risk

PJGZX vs. PGOAX — Risk / Return Rank

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

PJGZX

PJGZX Risk / Return Rank: 91
PJGZX Sharpe Ratio Rank: 93
PJGZX Sortino Ratio Rank: 88
PJGZX Omega Ratio Rank: 85
PJGZX Calmar Ratio Rank: 95
PJGZX Martin Ratio Rank: 96

PGOAX

PGOAX Risk / Return Rank: 71
PGOAX Sharpe Ratio Rank: 65
PGOAX Sortino Ratio Rank: 69
PGOAX Omega Ratio Rank: 57
PGOAX Calmar Ratio Rank: 82
PGOAX Martin Ratio Rank: 84

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.

PJGZX vs. PGOAX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for PGIM Jennison Focused Value Fund (PJGZX) and PGIM Jennison Small Company Fund (PGOAX). 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.

	PJGZX	PGOAX	Difference
Sharpe ratio: Return per unit of total volatility	2.75	1.90	+0.84
Sortino ratio: Return per unit of downside risk	3.76	2.79	+0.98
Omega ratio: Gain probability vs. loss probability	1.49	1.33	+0.16
Calmar ratio: Return relative to maximum drawdown	4.95	3.28	+1.67
Martin ratio: Return relative to average drawdown	20.55	12.91	+7.63

PJGZX vs. PGOAX - Sharpe Ratio Comparison

The current PJGZX Sharpe Ratio is 2.75, which is higher than the PGOAX Sharpe Ratio of 1.90. The chart below compares the historical Sharpe Ratios of PJGZX and PGOAX, 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

PJGZX vs. PGOAX - Drawdown Comparison

The maximum PJGZX drawdown since its inception was -57.87%, roughly equal to the maximum PGOAX drawdown of -56.57%. Use the drawdown chart below to compare losses from any high point for PJGZX and PGOAX.

Drawdown Indicators

	PJGZX	PGOAX	Difference
Max Drawdown Largest peak-to-trough decline	-57.87%	-56.57%	-1.30%
Max Drawdown (1Y) Largest decline over 1 year	-7.16%	-9.88%	+2.72%
Max Drawdown (3Y) Largest decline over 3 years	-18.01%	-23.17%	+5.16%
Max Drawdown (5Y) Largest decline over 5 years	-21.91%	-28.19%	+6.28%
Max Drawdown (10Y) Largest decline over 10 years	-36.37%	-47.39%	+11.02%
Current Drawdown Current decline from peak	0.00%	0.00%	0.00%
Average Drawdown Average peak-to-trough decline	-7.54%	-8.98%	+1.44%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.72%	2.50%	-0.78%

Volatility

PJGZX vs. PGOAX - Volatility Comparison

The current volatility for PGIM Jennison Focused Value Fund (PJGZX) is 4.71%, while PGIM Jennison Small Company Fund (PGOAX) has a volatility of 5.90%. This indicates that PJGZX experiences smaller price fluctuations and is considered to be less risky than PGOAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	PJGZX	PGOAX	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.71%	5.90%	-1.19%
Volatility (6M) Calculated over the trailing 6-month period	10.69%	13.30%	-2.61%
Volatility (1Y) Calculated over the trailing 1-year period	12.92%	17.06%	-4.14%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.26%	20.38%	-4.12%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.35%	22.19%	-3.84%

PJGZX vs. PGOAX - Expense Ratio Comparison

PJGZX has a 0.75% expense ratio, which is lower than PGOAX's 1.13% expense ratio.

Dividends

PJGZX vs. PGOAX - Dividend Comparison

PJGZX's dividend yield for the trailing twelve months is around 7.54%, more than PGOAX's 6.90% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
PGOAX PGIM Jennison Small Company Fund	6.90%	8.11%	5.29%	0.37%	4.11%	37.46%	14.95%	18.11%	20.80%	8.28%	5.42%	15.00%
PJGZX PGIM Jennison Focused Value Fund	7.54%	8.93%	16.50%	9.49%	3.38%	4.44%	1.07%	15.50%	18.64%	14.29%	7.82%	8.15%

Frequently Asked Questions

Can I hold both PJGZX and PGOAX in my portfolio?

PJGZX and PGOAX have a correlation of 0.85, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, PJGZX or PGOAX?

PGOAX has higher volatility (5.90%) compared to PJGZX (4.71%). In terms of maximum drawdown, PJGZX dropped -57.87% vs PGOAX's -56.57%.

Which has better risk-adjusted returns?

PJGZX currently has the higher Sharpe Ratio (2.75 vs 1.90), 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.