PQJA vs. PJFV

Last updated Aug 4, 2026

PQJA (PGIM Nasdaq-100 Buffer 12 ETF - January) and PJFV (PGIM Jennison Focused Value ETF) are both exchange-traded funds - PQJA is a Defined Outcome fund actively managed by PGIM, while PJFV is a Large Cap Value Equities fund actively managed by PGIM. Both are actively managed. Over the past year, PQJA returned 17.97% vs 35.51% for PJFV. Their 0.74 correlation means they have sometimes moved together and sometimes differently. PQJA charges 0.50%/yr vs 0.75%/yr for PJFV.

Performance

PQJA vs. PJFV - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in PGIM Nasdaq-100 Buffer 12 ETF - January (PQJA) and PGIM Jennison Focused Value ETF (PJFV). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, PQJA achieves a 8.36% return, which is significantly lower than PJFV's 21.61% return.

PQJA

• 1D: 0.70%
• 1M: 0.65%
• 6M: 7.21%
• YTD: 8.36%
• 1Y: 17.97%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 15.59%

PJFV

• 1D: 0.72%
• 1M: 2.39%
• 6M: 16.40%
• YTD: 21.61%
• 1Y: 35.51%
• 3Y*: 24.60%
• 5Y*: —
• 10Y*: —
• ALL TIME*: 21.89%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
PJFV PGIM Jennison Focused Value ETF	$2.03M	$1.86M	$1.55M
PQJA PGIM Nasdaq-100 Buffer 12 ETF - January	$48.64K	$72.90K	$142.55K

PQJA vs. PJFV - Yearly Performance Comparison

	2026 (YTD)	2025
PQJA PGIM Nasdaq-100 Buffer 12 ETF - January	8.36%	16.06%
PJFV PGIM Jennison Focused Value ETF	21.61%	18.65%

Correlation

The correlation between PQJA and PJFV is 0.74, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.74
Correlation (All Time) Calculated using the full available price history since Jan 2, 2025	0.74

The correlation between PQJA and PJFV has been stable across timeframes, ranging from 0.74 to 0.74 - a consistent structural relationship.

Return for Risk

PQJA vs. PJFV — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

PQJA

PQJA Risk / Return Rank: 80
PQJA Sharpe Ratio Rank: 81
PQJA Sortino Ratio Rank: 82
PQJA Omega Ratio Rank: 83
PQJA Calmar Ratio Rank: 70
PQJA Martin Ratio Rank: 83

PJFV

PJFV Risk / Return Rank: 94
PJFV Sharpe Ratio Rank: 94
PJFV Sortino Ratio Rank: 94
PJFV Omega Ratio Rank: 93
PJFV Calmar Ratio Rank: 94
PJFV Martin Ratio Rank: 95

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

PQJA vs. PJFV - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for PGIM Nasdaq-100 Buffer 12 ETF - January (PQJA) and PGIM Jennison Focused Value ETF (PJFV). 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.

	PQJA	PJFV	Difference
Sharpe ratio: Return per unit of total volatility	2.03	2.73	-0.70
Sortino ratio: Return per unit of downside risk	2.91	3.76	-0.85
Omega ratio: Gain probability vs. loss probability	1.39	1.49	-0.10
Calmar ratio: Return relative to maximum drawdown	2.67	4.88	-2.21
Martin ratio: Return relative to average drawdown	12.28	20.63	-8.36

PQJA vs. PJFV - Sharpe Ratio Comparison

The current PQJA Sharpe Ratio is 2.03, which is comparable to the PJFV Sharpe Ratio of 2.73. The chart below compares the historical Sharpe Ratios of PQJA and PJFV, 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

PQJA vs. PJFV - Drawdown Comparison

The maximum PQJA drawdown since its inception was -14.72%, smaller than the maximum PJFV drawdown of -18.15%. Use the drawdown chart below to compare losses from any high point for PQJA and PJFV.

Drawdown Indicators

	PQJA	PJFV	Difference
Max Drawdown Largest peak-to-trough decline	-14.72%	-18.15%	+3.43%
Max Drawdown (1Y) Largest decline over 1 year	-6.77%	-7.31%	+0.54%
Max Drawdown (3Y) Largest decline over 3 years	—	-18.15%	—
Current Drawdown Current decline from peak	-0.43%	0.00%	-0.43%
Average Drawdown Average peak-to-trough decline	-1.58%	-2.06%	+0.48%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.47%	1.73%	-0.26%

Volatility

PQJA vs. PJFV - Volatility Comparison

The current volatility for PGIM Nasdaq-100 Buffer 12 ETF - January (PQJA) is 2.88%, while PGIM Jennison Focused Value ETF (PJFV) has a volatility of 3.77%. This indicates that PQJA experiences smaller price fluctuations and is considered to be less risky than PJFV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	PQJA	PJFV	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.88%	3.77%	-0.89%
Volatility (6M) Calculated over the trailing 6-month period	7.46%	10.60%	-3.14%
Volatility (1Y) Calculated over the trailing 1-year period	8.90%	13.08%	-4.18%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	13.15%	14.13%	-0.98%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	13.15%	14.13%	-0.98%

PQJA vs. PJFV - Expense Ratio Comparison

PQJA has a 0.50% expense ratio, which is lower than PJFV's 0.75% expense ratio.

Dividends

PQJA vs. PJFV - Dividend Comparison

PQJA has not paid dividends to shareholders, while PJFV's dividend yield for the trailing twelve months is around 0.56%.

Position	TTM	2025	2024	2023	2022
PJFV PGIM Jennison Focused Value ETF	0.56%	0.68%	1.31%	1.20%	0.12%
PQJA PGIM Nasdaq-100 Buffer 12 ETF - January	0.00%	0.01%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both PQJA and PJFV in my portfolio?

PQJA and PJFV have a correlation of 0.74, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, PQJA or PJFV?

PJFV has higher volatility (3.77%) compared to PQJA (2.88%). In terms of maximum drawdown, PQJA dropped -14.72% vs PJFV's -18.15%.

Which ETF is better, PQJA or PJFV?

On 1-year performance, PJFV leads with 35.51% vs 17.97% for PQJA. On fees, PQJA is cheaper at 0.50% per year. On volatility, PQJA has been the lower-risk option at 2.88%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, PQJA or PJFV?

Over the 1-year period, PJFV has performed better with a 35.51% return vs 17.97%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, PQJA or PJFV?

PQJA is cheaper with a 0.50% expense ratio, compared with 0.75% for PJFV.

Which ETF pays a higher dividend yield, PQJA or PJFV?

PJFV has the higher dividend yield at 0.56%, compared with 0.00% for PQJA.

What is the main difference between PQJA and PJFV?

PQJA is categorized as Defined Outcome, while PJFV is Large Cap Value Equities. Their fees differ too: 0.50% for PQJA and 0.75% for PJFV.

Which has better risk-adjusted returns?

PJFV currently has the higher Sharpe Ratio (2.73 vs 2.03), 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.