PJIO vs. IFLO

Last updated Jul 15, 2026

PJIO (PGIM Jennison International Opportunities ETF) and IFLO (VictoryShares International Free Cash Flow ETF) are both Foreign Large Cap Equities funds. Over the past year, PJIO returned 3.36% vs 31.49% for IFLO. A 0.64 correlation means they provide meaningful diversification when combined. PJIO charges 0.90%/yr vs 0.56%/yr for IFLO.

Performance

PJIO vs. IFLO - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in PGIM Jennison International Opportunities ETF (PJIO) and VictoryShares International Free Cash Flow ETF (IFLO). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, PJIO achieves a 3.51% return, which is significantly lower than IFLO's 18.83% return.

PJIO

• 1D: 1.17%
• 1M: -4.52%
• 6M: -0.61%
• YTD: 3.51%
• 1Y: 3.36%
• 3Y*: —
• 5Y*: —
• 10Y*: —

IFLO

• 1D: 0.42%
• 1M: -0.45%
• 6M: 15.93%
• YTD: 18.83%
• 1Y: 31.49%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

PJIO vs. IFLO - Yearly Performance Comparison

	2026 (YTD)	2025
PJIO PGIM Jennison International Opportunities ETF	3.51%	0.85%
IFLO VictoryShares International Free Cash Flow ETF	18.83%	13.12%

Correlation

The correlation between PJIO and IFLO is 0.64, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.64
Correlation (All Time) Calculated using the full available price history since Jun 26, 2025	0.64

The correlation between PJIO and IFLO has been stable across timeframes, ranging from 0.64 to 0.64 - a consistent structural relationship.

PJIO vs. IFLO - Sectors Allocation Comparison

Sectors	PJIO	IFLO
Technology	39.8%	21.5%
Industrials	26.3%	18.1%
Healthcare	12.2%	11.7%
Consumer Cyclical	11.4%	13.8%
Communication Services	6.0%	6.7%
Consumer Defensive	2.6%	2.8%
Financial Services	1.7%	1.1%
Basic Materials	-	11.3%
Energy	-	12.1%
Real Estate	-	0.0%
Utilities	-	1.0%

Return for Risk

PJIO vs. IFLO — Risk / Return Rank

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

PJIO

PJIO Risk / Return Rank: 12
PJIO Sharpe Ratio Rank: 12
PJIO Sortino Ratio Rank: 11
PJIO Omega Ratio Rank: 11
PJIO Calmar Ratio Rank: 11
PJIO Martin Ratio Rank: 12

IFLO

IFLO Risk / Return Rank: 88
IFLO Sharpe Ratio Rank: 85
IFLO Sortino Ratio Rank: 87
IFLO Omega Ratio Rank: 82
IFLO Calmar Ratio Rank: 93
IFLO Martin Ratio Rank: 91

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.

PJIO vs. IFLO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for PGIM Jennison International Opportunities ETF (PJIO) and VictoryShares International Free Cash Flow ETF (IFLO). 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.

	PJIO	IFLO	Difference
Sharpe ratio: Return per unit of total volatility	0.13	2.16	-2.02
Sortino ratio: Return per unit of downside risk	0.37	3.13	-2.76
Omega ratio: Gain probability vs. loss probability	1.05	1.39	-0.34
Calmar ratio: Return relative to maximum drawdown	0.18	4.91	-4.74
Martin ratio: Return relative to average drawdown	0.54	16.57	-16.03

PJIO vs. IFLO - Sharpe Ratio Comparison

The current PJIO Sharpe Ratio is 0.13, which is lower than the IFLO Sharpe Ratio of 2.16. The chart below compares the historical Sharpe Ratios of PJIO and IFLO, 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

PJIO vs. IFLO - Drawdown Comparison

The maximum PJIO drawdown since its inception was -19.26%, which is greater than IFLO's maximum drawdown of -6.44%. Use the drawdown chart below to compare losses from any high point for PJIO and IFLO.

Drawdown Indicators

	PJIO	IFLO	Difference
Max Drawdown Largest peak-to-trough decline	-19.26%	-6.44%	-12.82%
Max Drawdown (1Y) Largest decline over 1 year	-19.26%	-6.44%	-12.82%
Current Drawdown Current decline from peak	-10.50%	-1.80%	-8.70%
Average Drawdown Average peak-to-trough decline	-4.28%	-1.29%	-2.99%
Ulcer Index Depth and duration of drawdowns from previous peaks	6.23%	1.92%	+4.31%

Volatility

PJIO vs. IFLO - Volatility Comparison

PGIM Jennison International Opportunities ETF (PJIO) has a higher volatility of 11.68% compared to VictoryShares International Free Cash Flow ETF (IFLO) at 3.54%. This indicates that PJIO's price experiences larger fluctuations and is considered to be riskier than IFLO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	PJIO	IFLO	Difference
Volatility (1M) Calculated over the trailing 1-month period	11.68%	3.54%	+8.14%
Volatility (6M) Calculated over the trailing 6-month period	23.55%	12.03%	+11.52%
Volatility (1Y) Calculated over the trailing 1-year period	25.68%	14.68%	+11.00%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	22.26%	14.58%	+7.68%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	22.26%	14.58%	+7.68%

PJIO vs. IFLO - Expense Ratio Comparison

PJIO has a 0.90% expense ratio, which is higher than IFLO's 0.56% expense ratio.

Dividends

PJIO vs. IFLO - Dividend Comparison

PJIO's dividend yield for the trailing twelve months is around 0.18%, less than IFLO's 1.57% yield.

Position	TTM	2025	2024
IFLO VictoryShares International Free Cash Flow ETF	1.57%	0.73%	0.00%
PJIO PGIM Jennison International Opportunities ETF	0.18%	0.19%	0.22%

Frequently Asked Questions

Can I hold both PJIO and IFLO in my portfolio?

PJIO and IFLO have a correlation of 0.64, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, PJIO or IFLO?

PJIO has higher volatility (11.68%) compared to IFLO (3.54%). In terms of maximum drawdown, PJIO dropped -19.26% vs IFLO's -6.44%.

Which ETF is better, PJIO or IFLO?

On 1-year performance, IFLO leads with 31.49% vs 3.36% for PJIO. On fees, IFLO is cheaper at 0.56% per year. On volatility, IFLO has been the lower-risk option at 3.54%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, PJIO or IFLO?

Over the 1-year period, IFLO has performed better with a 31.49% return vs 3.36%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, PJIO or IFLO?

IFLO is cheaper with a 0.56% expense ratio, compared with 0.90% for PJIO.

Which ETF pays a higher dividend yield, PJIO or IFLO?

IFLO has the higher dividend yield at 1.57%, compared with 0.18% for PJIO.

What is the main difference between PJIO and IFLO?

They also come from different issuers: PGIM and VictoryShares. Their fees differ too: 0.90% for PJIO and 0.56% for IFLO.

Which has better risk-adjusted returns?

IFLO currently has the higher Sharpe Ratio (2.16 vs 0.13), 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.