PJT vs. FXAIX
PJT (PJT Partners Inc.) is a stock, while FXAIX (Fidelity 500 Index Fund) is S&P 500 fund tracking the S&P 500 Index. Over the past 10 years, PJT returned 23.00%/yr vs 15.00%/yr for FXAIX. Their 0.47 correlation means their historical movements had little consistent relationship.
Performance
PJT vs. FXAIX - Performance Comparison
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Returns By Period
In the year-to-date period, PJT achieves a 1.00% return, which is significantly lower than FXAIX's 9.35% return. Over the past 10 years, PJT has outperformed FXAIX with an annualized return of 23.00%, while FXAIX has yielded a comparatively lower 15.00% annualized return.
PJT
- 1D
- 0.45%
- 1M
- 3.26%
- 6M
- -2.41%
- YTD
- 1.00%
- 1Y
- -5.40%
- 3Y*
- 28.82%
- 5Y*
- 18.58%
- 10Y*
- 23.00%
- ALL TIME*
- 21.10%
FXAIX
- 1D
- 1.66%
- 1M
- -0.56%
- 6M
- 7.79%
- YTD
- 9.35%
- 1Y
- 20.63%
- 3Y*
- 19.03%
- 5Y*
- 12.68%
- 10Y*
- 15.00%
- ALL TIME*
- 13.89%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $66.97M | $77.62M | $67.92M |
PJT vs. FXAIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
PJT PJT Partners Inc. | 1.00% | 6.62% | 56.23% | 40.00% | 0.92% | 2.62% | 67.34% | 17.00% | -14.67% | 48.41% |
FXAIX Fidelity 500 Index Fund | 9.35% | 17.84% | 25.01% | 26.29% | -18.14% | 28.71% | 18.42% | 31.48% | -4.43% | 21.82% |
Correlation
The correlation between PJT and FXAIX is 0.42, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.42 |
Correlation (3Y) Balances recent behavior with more history. | 0.49 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.48 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.49 |
Correlation (All Time) Calculated using the full available price history since Oct 1, 2015 | 0.47 |
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Return for Risk
PJT vs. FXAIX — Risk / Return Rank
PJT
FXAIX
PJT vs. FXAIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for PJT Partners Inc. (PJT) and Fidelity 500 Index Fund (FXAIX). 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.
| PJT | FXAIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.59 | ||
| Sortino ratioReturn per unit of downside risk | -2.00 | ||
| Omega ratioGain probability vs. loss probability | 1.00 | 1.26 | -0.26 |
| Calmar ratioReturn relative to maximum drawdown | -0.16 | 2.06 | -2.22 |
| Martin ratioReturn relative to average drawdown | -0.34 | 8.86 | -9.20 |
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Drawdowns
PJT vs. FXAIX - Drawdown Comparison
The maximum PJT drawdown since its inception was -58.44%, which is greater than FXAIX's maximum drawdown of -33.79%. Use the drawdown chart below to compare losses from any high point for PJT and FXAIX.
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Drawdown Indicators
| PJT | FXAIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -58.44% | -33.79% | -24.65% |
Max Drawdown (1Y)Largest decline over 1 year | -32.47% | -8.89% | -23.58% |
Max Drawdown (3Y)Largest decline over 3 years | -32.47% | -18.76% | -13.71% |
Max Drawdown (5Y)Largest decline over 5 years | -37.80% | -24.50% | -13.30% |
Max Drawdown (10Y)Largest decline over 10 years | -58.44% | -33.79% | -24.65% |
Current DrawdownCurrent decline from peak | -11.78% | -2.11% | -9.67% |
Average DrawdownAverage peak-to-trough decline | -13.03% | -3.77% | -9.26% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 15.29% | 2.07% | +13.22% |
Volatility
PJT vs. FXAIX - Volatility Comparison
PJT Partners Inc. (PJT) has a higher volatility of 14.14% compared to Fidelity 500 Index Fund (FXAIX) at 3.44%. This indicates that PJT's price experiences larger fluctuations and is considered to be riskier than FXAIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PJT | FXAIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 14.14% | 3.44% | +10.70% |
Volatility (6M)Calculated over the trailing 6-month period | 24.74% | 10.09% | +14.65% |
Volatility (1Y)Calculated over the trailing 1-year period | 32.09% | 12.86% | +19.23% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 30.72% | 17.03% | +13.69% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 33.61% | 18.07% | +15.54% |
Dividends
PJT vs. FXAIX - Dividend Comparison
PJT's dividend yield for the trailing twelve months is around 0.59%, less than FXAIX's 1.07% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FXAIX Fidelity 500 Index Fund | 1.07% | 1.11% | 1.25% | 1.45% | 1.69% | 1.22% | 1.60% | 2.06% | 2.72% | 1.97% | 2.52% | 2.83% |
PJT PJT Partners Inc. | 0.59% | 0.60% | 0.63% | 0.98% | 1.36% | 4.32% | 0.27% | 0.44% | 0.52% | 0.44% | 0.65% | 0.00% |
Frequently Asked Questions
PJT and FXAIX have a correlation of 0.42, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
PJT has higher volatility (14.14%) compared to FXAIX (3.44%). In terms of maximum drawdown, PJT dropped -58.44% vs FXAIX's -33.79%.
FXAIX currently has the higher Sharpe Ratio (1.43 vs -0.16), 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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