PJNQX vs. PGOAX

Last updated Jun 5, 2026

PJNQX (PGIM Jennison Natural Resources R6) and PGOAX (PGIM Jennison Small Company Fund) are both mutual funds - PJNQX is a Commodity Producers Equities fund actively managed by PGIM, while PGOAX is a Small Cap Growth Equities fund managed by PGIM. Over the past 10 years, PJNQX returned 12.09%/yr vs 12.51%/yr for PGOAX. A 0.69 correlation means they provide meaningful diversification when combined. PJNQX charges 0.82%/yr vs 1.13%/yr for PGOAX.

Performance

PJNQX vs. PGOAX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in PGIM Jennison Natural Resources R6 (PJNQX) and PGIM Jennison Small Company Fund (PGOAX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, PJNQX achieves a 24.74% return, which is significantly higher than PGOAX's 11.01% return. Both investments have delivered pretty close results over the past 10 years, with PJNQX having a 12.09% annualized return and PGOAX not far ahead at 12.51%.

PJNQX

• 1D: -1.12%
• 1M: 1.05%
• YTD: 24.74%
• 6M: 27.05%
• 1Y: 61.78%
• 3Y*: 22.66%
• 5Y*: 16.58%
• 10Y*: 12.09%

PGOAX

• 1D: -0.43%
• 1M: 0.70%
• YTD: 11.01%
• 6M: 10.89%
• 1Y: 25.46%
• 3Y*: 14.52%
• 5Y*: 6.32%
• 10Y*: 12.51%

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

PJNQX vs. PGOAX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
PJNQX PGIM Jennison Natural Resources R6	24.74%	39.20%	1.23%	-1.78%	24.97%	27.84%	11.82%	17.07%	-27.53%	5.44%
PGOAX PGIM Jennison Small Company Fund	11.01%	6.96%	16.26%	11.48%	-18.85%	29.05%	27.07%	41.48%	-13.69%	19.58%

Correlation

The correlation between PJNQX and PGOAX is 0.54, 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	0.54
Correlation (3Y) Calculated over the trailing 3-year period	0.62
Correlation (5Y) Calculated over the trailing 5-year period	0.66
Correlation (10Y) Calculated over the trailing 10-year period	0.68
Correlation (All Time) Calculated using the full available price history since Dec 28, 2010	0.69

The correlation between PJNQX and PGOAX shifts across timeframes, from 0.54 (1 year) to 0.69 (all time), reflecting how their relationship changes across market environments.

Return for Risk

PJNQX vs. PGOAX — Risk / Return Rank

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

PJNQX

PJNQX Risk / Return Rank: 86
PJNQX Sharpe Ratio Rank: 90
PJNQX Sortino Ratio Rank: 74
PJNQX Omega Ratio Rank: 78
PJNQX Calmar Ratio Rank: 94
PJNQX Martin Ratio Rank: 94

PGOAX

PGOAX Risk / Return Rank: 36
PGOAX Sharpe Ratio Rank: 29
PGOAX Sortino Ratio Rank: 31
PGOAX Omega Ratio Rank: 27
PGOAX Calmar Ratio Rank: 45
PGOAX Martin Ratio Rank: 49

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.

PJNQX vs. PGOAX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for PGIM Jennison Natural Resources R6 (PJNQX) 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.

	PJNQX	PGOAX	Difference
Sharpe ratio: Return per unit of total volatility	2.95	1.53	+1.42
Sortino ratio: Return per unit of downside risk	3.53	2.29	+1.24
Omega ratio: Gain probability vs. loss probability	1.50	1.27	+0.23
Calmar ratio: Return relative to maximum drawdown	5.53	2.54	+2.99
Martin ratio: Return relative to average drawdown	20.79	10.01	+10.78
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

PJNQX vs. PGOAX - Sharpe Ratio Comparison

The current PJNQX Sharpe Ratio is 2.95, which is higher than the PGOAX Sharpe Ratio of 1.53. The chart below compares the historical Sharpe Ratios of PJNQX 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.

Sharpe Ratios by Period

	PJNQX	PGOAX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.95	1.53	+1.42
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.66	0.31	+0.35
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.46	0.57	-0.11
Sharpe Ratio (All Time) Calculated using the full available price history	0.16	0.57	-0.41

Drawdowns

PJNQX vs. PGOAX - Drawdown Comparison

The maximum PJNQX drawdown since its inception was -74.06%, which is greater than PGOAX's maximum drawdown of -56.57%. Use the drawdown chart below to compare losses from any high point for PJNQX and PGOAX.

Drawdown Indicators

	PJNQX	PGOAX	Difference
Max Drawdown Largest peak-to-trough decline	-74.06%	-56.57%	-17.49%
Max Drawdown (1Y) Largest decline over 1 year	-11.03%	-9.88%	-1.15%
Max Drawdown (3Y) Largest decline over 3 years	-24.94%	-23.17%	-1.77%
Max Drawdown (5Y) Largest decline over 5 years	-29.20%	-28.19%	-1.01%
Max Drawdown (10Y) Largest decline over 10 years	-63.55%	-47.39%	-16.16%
Current Drawdown Current decline from peak	-1.49%	-1.03%	-0.46%
Average Drawdown Average peak-to-trough decline	-26.59%	-8.99%	-17.60%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.93%	2.50%	+0.43%

Volatility

PJNQX vs. PGOAX - Volatility Comparison

PGIM Jennison Natural Resources R6 (PJNQX) has a higher volatility of 5.50% compared to PGIM Jennison Small Company Fund (PGOAX) at 5.07%. This indicates that PJNQX's price experiences larger fluctuations and is considered to be riskier than PGOAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	PJNQX	PGOAX	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.50%	5.07%	+0.43%
Volatility (6M) Calculated over the trailing 6-month period	16.87%	12.45%	+4.42%
Volatility (1Y) Calculated over the trailing 1-year period	20.69%	16.45%	+4.24%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	25.26%	20.29%	+4.97%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	26.42%	22.17%	+4.25%

PJNQX vs. PGOAX - Expense Ratio Comparison

PJNQX has a 0.82% expense ratio, which is lower than PGOAX's 1.13% expense ratio.

Dividends

PJNQX vs. PGOAX - Dividend Comparison

PJNQX's dividend yield for the trailing twelve months is around 0.99%, less than PGOAX's 7.31% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
PGOAX PGIM Jennison Small Company Fund	7.31%	8.11%	5.29%	0.37%	4.11%	37.46%	14.95%	18.11%	20.80%	8.28%	5.42%	15.00%
PJNQX PGIM Jennison Natural Resources R6	0.99%	1.24%	1.35%	2.27%	3.02%	1.22%	1.60%	2.14%	2.12%	0.00%	1.93%	0.00%

Frequently Asked Questions

Can I hold both PJNQX and PGOAX in my portfolio?

PJNQX and PGOAX have a correlation of 0.54, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, PJNQX or PGOAX?

PJNQX has higher volatility (5.50%) compared to PGOAX (5.07%). In terms of maximum drawdown, PJNQX dropped -74.06% vs PGOAX's -56.57%.

Which has better risk-adjusted returns?

PJNQX currently has the higher Sharpe Ratio (2.95 vs 1.53), 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.