PJNQX vs. SGDIX

Last updated Jun 24, 2026

PJNQX (PGIM Jennison Natural Resources R6) and SGDIX (Sprott Gold Equity Fund Institutional Class) are both mutual funds - PJNQX is a Natural Resources fund actively managed by PGIM, while SGDIX is a Gold fund actively managed by Sprott. Both are actively managed. Over the past 5 years, PJNQX returned 16.12%/yr vs 20.09%/yr for SGDIX. A 0.53 correlation means they provide meaningful diversification when combined. PJNQX charges 0.82%/yr vs 1.17%/yr for SGDIX.

Performance

PJNQX vs. SGDIX - Performance Comparison

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

Returns By Period

In the year-to-date period, PJNQX achieves a 18.00% return, which is significantly higher than SGDIX's -2.51% 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%

SGDIX

• 1D: -0.76%
• 1M: -2.09%
• YTD: -2.51%
• 6M: -6.97%
• 1Y: 61.67%
• 3Y*: 44.14%
• 5Y*: 20.09%
• 10Y*: —

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

PJNQX vs. SGDIX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020
PJNQX PGIM Jennison Natural Resources R6	18.00%	39.20%	1.23%	-1.78%	24.97%	27.84%	12.60%
SGDIX Sprott Gold Equity Fund Institutional Class	-2.51%	148.38%	20.90%	2.23%	-12.96%	-11.55%	35.67%

Correlation

The correlation between PJNQX and SGDIX is 0.69, 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	0.69
Correlation (3Y) Calculated over the trailing 3-year period	0.63
Correlation (5Y) Calculated over the trailing 5-year period	0.57
Correlation (All Time) Calculated using the full available price history since Jan 17, 2020	0.53

The correlation between PJNQX and SGDIX shifts across timeframes, from 0.53 (all time) to 0.69 (1 year), reflecting how their relationship changes across market environments.

Return for Risk

PJNQX vs. SGDIX — Risk / Return Rank

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

PJNQX

PJNQX Risk / Return Rank: 70
PJNQX Sharpe Ratio Rank: 68
PJNQX Sortino Ratio Rank: 49
PJNQX Omega Ratio Rank: 57
PJNQX Calmar Ratio Rank: 90
PJNQX Martin Ratio Rank: 85

SGDIX

SGDIX Risk / Return Rank: 27
SGDIX Sharpe Ratio Rank: 31
SGDIX Sortino Ratio Rank: 24
SGDIX Omega Ratio Rank: 30
SGDIX Calmar Ratio Rank: 28
SGDIX Martin Ratio Rank: 21

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. SGDIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for PGIM Jennison Natural Resources R6 (PJNQX) and Sprott Gold Equity Fund Institutional Class (SGDIX). 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	SGDIX	Difference
Sharpe ratio: Return per unit of total volatility	2.21	1.48	+0.73
Sortino ratio: Return per unit of downside risk	2.71	1.87	+0.84
Omega ratio: Gain probability vs. loss probability	1.38	1.26	+0.12
Calmar ratio: Return relative to maximum drawdown	4.36	1.84	+2.52
Martin ratio: Return relative to average drawdown	14.85	4.88	+9.97

PJNQX vs. SGDIX - Sharpe Ratio Comparison

The current PJNQX Sharpe Ratio is 2.21, which is higher than the SGDIX Sharpe Ratio of 1.48. The chart below compares the historical Sharpe Ratios of PJNQX and SGDIX, 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

PJNQX vs. SGDIX - Drawdown Comparison

The maximum PJNQX drawdown since its inception was -74.06%, which is greater than SGDIX's maximum drawdown of -47.27%. Use the drawdown chart below to compare losses from any high point for PJNQX and SGDIX.

Drawdown Indicators

	PJNQX	SGDIX	Difference
Max Drawdown Largest peak-to-trough decline	-74.06%	-47.27%	-26.79%
Max Drawdown (1Y) Largest decline over 1 year	-11.03%	-33.93%	+22.90%
Max Drawdown (3Y) Largest decline over 3 years	-24.94%	-33.93%	+8.99%
Max Drawdown (5Y) Largest decline over 5 years	-29.20%	-42.90%	+13.70%
Max Drawdown (10Y) Largest decline over 10 years	-63.55%	—	—
Current Drawdown Current decline from peak	-6.82%	-26.61%	+19.79%
Average Drawdown Average peak-to-trough decline	-26.52%	-18.04%	-8.48%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.23%	12.78%	-9.55%

Volatility

PJNQX vs. SGDIX - Volatility Comparison

The current volatility for PGIM Jennison Natural Resources R6 (PJNQX) is 7.82%, while Sprott Gold Equity Fund Institutional Class (SGDIX) has a volatility of 16.04%. This indicates that PJNQX experiences smaller price fluctuations and is considered to be less risky than SGDIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	PJNQX	SGDIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.82%	16.04%	-8.22%
Volatility (6M) Calculated over the trailing 6-month period	17.78%	36.04%	-18.26%
Volatility (1Y) Calculated over the trailing 1-year period	21.79%	42.26%	-20.47%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	25.34%	32.08%	-6.74%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	26.46%	34.17%	-7.71%

PJNQX vs. SGDIX - Expense Ratio Comparison

PJNQX has a 0.82% expense ratio, which is lower than SGDIX's 1.17% expense ratio.

Dividends

PJNQX vs. SGDIX - Dividend Comparison

PJNQX's dividend yield for the trailing twelve months is around 1.05%, more than SGDIX's 0.67% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
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%
SGDIX Sprott Gold Equity Fund Institutional Class	0.67%	0.66%	0.00%	0.00%	0.52%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both PJNQX and SGDIX in my portfolio?

PJNQX and SGDIX have a correlation of 0.69, 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 SGDIX?

SGDIX has higher volatility (16.04%) compared to PJNQX (7.82%). In terms of maximum drawdown, PJNQX dropped -74.06% vs SGDIX's -47.27%.

Which has better risk-adjusted returns?

PJNQX currently has the higher Sharpe Ratio (2.21 vs 1.48), 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.