PJNQX vs. SDMZX
PJNQX (PGIM Jennison Natural Resources R6) and SDMZX (PGIM Short Duration Multi-Sector Bond Fund) are both mutual funds - PJNQX is a Natural Resources fund actively managed by PGIM, while SDMZX is a Short-Term Bond fund managed by PGIM. Over the past 10 years, PJNQX returned 11.38%/yr vs 3.10%/yr for SDMZX. At a 0.04 correlation, their price movements are largely independent. PJNQX charges 0.82%/yr vs 0.46%/yr for SDMZX.
Performance
PJNQX vs. SDMZX - Performance Comparison
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Returns By Period
In the year-to-date period, PJNQX achieves a 18.00% return, which is significantly higher than SDMZX's 0.81% return. Over the past 10 years, PJNQX has outperformed SDMZX with an annualized return of 11.38%, while SDMZX has yielded a comparatively lower 3.10% annualized return.
PJNQX
- 1D
- 0.87%
- 1M
- -3.20%
- YTD
- 18.00%
- 6M
- 16.30%
- 1Y
- 48.28%
- 3Y*
- 20.64%
- 5Y*
- 16.12%
- 10Y*
- 11.38%
SDMZX
- 1D
- -0.11%
- 1M
- 0.29%
- YTD
- 0.81%
- 6M
- 1.33%
- 1Y
- 4.44%
- 3Y*
- 5.76%
- 5Y*
- 2.76%
- 10Y*
- 3.10%
PJNQX vs. SDMZX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
PJNQX PGIM Jennison Natural Resources R6 | 18.00% | 39.20% | 1.23% | -1.78% | 24.97% | 27.84% | 11.82% | 17.07% | -27.53% | 5.44% |
SDMZX PGIM Short Duration Multi-Sector Bond Fund | 0.81% | 6.18% | 5.64% | 6.25% | -4.82% | -0.19% | 3.97% | 7.92% | 0.95% | 3.96% |
Correlation
The correlation between PJNQX and SDMZX is 0.13, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.13 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.08 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.06 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.04 |
Correlation (All Time) Calculated using the full available price history since Jan 2, 2014 | 0.04 |
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Return for Risk
PJNQX vs. SDMZX — Risk / Return Rank
PJNQX
SDMZX
PJNQX vs. SDMZX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for PGIM Jennison Natural Resources R6 (PJNQX) and PGIM Short Duration Multi-Sector Bond Fund (SDMZX). 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.
| PJNQX | SDMZX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.72 | ||
| Sortino ratioReturn per unit of downside risk | +0.23 | ||
| Omega ratioGain probability vs. loss probability | 1.38 | 1.47 | -0.09 |
| Calmar ratioReturn relative to maximum drawdown | 4.36 | 2.65 | +1.71 |
| Martin ratioReturn relative to average drawdown | 14.85 | 9.31 | +5.54 |
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Drawdowns
PJNQX vs. SDMZX - Drawdown Comparison
The maximum PJNQX drawdown since its inception was -74.06%, which is greater than SDMZX's maximum drawdown of -9.76%. Use the drawdown chart below to compare losses from any high point for PJNQX and SDMZX.
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Drawdown Indicators
| PJNQX | SDMZX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -74.06% | -9.76% | -64.30% |
Max Drawdown (1Y)Largest decline over 1 year | -11.03% | -1.77% | -9.26% |
Max Drawdown (3Y)Largest decline over 3 years | -24.94% | -1.77% | -23.17% |
Max Drawdown (5Y)Largest decline over 5 years | -29.20% | -8.51% | -20.69% |
Max Drawdown (10Y)Largest decline over 10 years | -63.55% | -9.76% | -53.79% |
Current DrawdownCurrent decline from peak | -6.82% | -1.77% | -5.05% |
Average DrawdownAverage peak-to-trough decline | -26.52% | -0.99% | -25.53% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.23% | 0.50% | +2.73% |
Volatility
PJNQX vs. SDMZX - Volatility Comparison
PGIM Jennison Natural Resources R6 (PJNQX) has a higher volatility of 7.82% compared to PGIM Short Duration Multi-Sector Bond Fund (SDMZX) at 2.49%. This indicates that PJNQX's price experiences larger fluctuations and is considered to be riskier than SDMZX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PJNQX | SDMZX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.82% | 2.49% | +5.33% |
Volatility (6M)Calculated over the trailing 6-month period | 17.78% | 2.83% | +14.95% |
Volatility (1Y)Calculated over the trailing 1-year period | 21.79% | 3.16% | +18.63% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 25.34% | 2.57% | +22.77% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 26.46% | 2.58% | +23.88% |
PJNQX vs. SDMZX - Expense Ratio Comparison
PJNQX has a 0.82% expense ratio, which is higher than SDMZX's 0.46% expense ratio.
Dividends
PJNQX vs. SDMZX - Dividend Comparison
PJNQX's dividend yield for the trailing twelve months is around 1.05%, less than SDMZX's 4.71% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PJNQX PGIM Jennison Natural Resources R6 | 1.05% | 1.24% | 1.35% | 2.27% | 3.02% | 1.22% | 1.60% | 2.14% | 2.12% | 0.00% | 1.93% | 0.00% |
SDMZX PGIM Short Duration Multi-Sector Bond Fund | 4.71% | 4.62% | 4.57% | 3.36% | 4.70% | 2.76% | 3.10% | 6.18% | 3.47% | 2.64% | 2.76% | 3.34% |
Frequently Asked Questions
PJNQX and SDMZX have a correlation of 0.13, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
PJNQX has higher volatility (7.82%) compared to SDMZX (2.49%). In terms of maximum drawdown, PJNQX dropped -74.06% vs SDMZX's -9.76%.
PJNQX currently has the higher Sharpe Ratio (2.21 vs 1.49), 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.
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