Correlation
The correlation between PJIO and VT is 0.78, 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.
PJIO vs. VT
Compare and contrast key facts about PGIM Jennison International Opportunities ETF (PJIO) and Vanguard Total World Stock ETF (VT).
PJIO and VT are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. PJIO is an actively managed fund by PGIM. It was launched on Dec 14, 2023. VT is a passively managed fund by Vanguard that tracks the performance of the FTSE Global All Cap Index. It was launched on Jun 24, 2008.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: PJIO or VT.
Performance
PJIO vs. VT - Performance Comparison
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Key characteristics
PJIO:
0.42
VT:
0.78
PJIO:
0.66
VT:
1.09
PJIO:
1.08
VT:
1.16
PJIO:
0.42
VT:
0.75
PJIO:
1.28
VT:
3.29
PJIO:
6.14%
VT:
3.77%
PJIO:
21.57%
VT:
17.81%
PJIO:
-18.74%
VT:
-50.27%
PJIO:
-0.97%
VT:
-0.48%
Returns By Period
In the year-to-date period, PJIO achieves a 15.45% return, which is significantly higher than VT's 5.36% return.
PJIO
15.45%
6.50%
10.95%
8.99%
N/A
N/A
N/A
VT
5.36%
5.81%
2.26%
13.72%
12.04%
13.37%
9.24%
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PJIO vs. VT - Expense Ratio Comparison
PJIO has a 0.90% expense ratio, which is higher than VT's 0.07% expense ratio.
Risk-Adjusted Performance
PJIO vs. VT — Risk-Adjusted Performance Rank
PJIO
VT
PJIO vs. VT - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for PGIM Jennison International Opportunities ETF (PJIO) and Vanguard Total World Stock ETF (VT). 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
PJIO vs. VT - Dividend Comparison
PJIO's dividend yield for the trailing twelve months is around 0.19%, less than VT's 1.83% yield.
TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
PJIO PGIM Jennison International Opportunities ETF | 0.19% | 0.22% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
VT Vanguard Total World Stock ETF | 1.83% | 1.95% | 2.08% | 2.20% | 1.82% | 1.66% | 2.32% | 2.53% | 2.11% | 2.39% | 2.45% | 2.44% |
Drawdowns
PJIO vs. VT - Drawdown Comparison
The maximum PJIO drawdown since its inception was -18.74%, smaller than the maximum VT drawdown of -50.27%. Use the drawdown chart below to compare losses from any high point for PJIO and VT.
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Volatility
PJIO vs. VT - Volatility Comparison
PGIM Jennison International Opportunities ETF (PJIO) and Vanguard Total World Stock ETF (VT) have volatilities of 3.74% and 3.82%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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