PRJZX vs. ^GSPC
PRJZX (PGIM Jennison Global Opportunities Fund) is Global Equities fund managed by PGIM, while ^GSPC (S&P 500 Index) is an index. Over the past 10 years, PRJZX returned 16.81%/yr vs 13.88%/yr for ^GSPC. Their correlation of 0.83 suggests significant overlap in exposure.
Performance
PRJZX vs. ^GSPC - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, PRJZX achieves a 12.72% return, which is significantly higher than ^GSPC's 9.16% return. Over the past 10 years, PRJZX has outperformed ^GSPC with an annualized return of 16.81%, while ^GSPC has yielded a comparatively lower 13.88% annualized return.
PRJZX
- 1D
- 3.58%
- 1M
- 7.66%
- YTD
- 12.72%
- 6M
- 12.02%
- 1Y
- 20.37%
- 3Y*
- 18.11%
- 5Y*
- 6.69%
- 10Y*
- 16.81%
^GSPC
- 1D
- -0.37%
- 1M
- -0.01%
- YTD
- 9.16%
- 6M
- 8.64%
- 1Y
- 25.22%
- 3Y*
- 19.78%
- 5Y*
- 11.99%
- 10Y*
- 13.88%
PRJZX vs. ^GSPC - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
PRJZX PGIM Jennison Global Opportunities Fund | 12.72% | 4.91% | 28.69% | 41.55% | -39.60% | 7.45% | 74.45% | 34.13% | -2.61% | 43.35% |
^GSPC S&P 500 Index | 9.16% | 16.39% | 23.31% | 24.23% | -19.44% | 26.89% | 16.26% | 28.88% | -6.24% | 19.42% |
Correlation
The correlation between PRJZX and ^GSPC is 0.88, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.88 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.86 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.87 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.82 |
Correlation (All Time) Calculated using the full available price history since Jan 2, 2013 | 0.83 |
The correlation between PRJZX and ^GSPC has been stable across timeframes, ranging from 0.82 to 0.88 - a consistent structural relationship.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
PRJZX vs. ^GSPC — Risk / Return Rank
PRJZX
^GSPC
PRJZX vs. ^GSPC - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for PGIM Jennison Global Opportunities Fund (PRJZX) and S&P 500 Index (^GSPC). 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.
| PRJZX | ^GSPC | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.12 | ||
| Sortino ratioReturn per unit of downside risk | -1.38 | ||
| Omega ratioGain probability vs. loss probability | 1.17 | 1.37 | -0.19 |
| Calmar ratioReturn relative to maximum drawdown | 0.91 | 2.78 | -1.87 |
| Martin ratioReturn relative to average drawdown | 2.74 | 12.44 | -9.70 |
Loading charts...
Drawdowns
PRJZX vs. ^GSPC - Drawdown Comparison
The maximum PRJZX drawdown since its inception was -48.22%, smaller than the maximum ^GSPC drawdown of -56.78%. Use the drawdown chart below to compare losses from any high point for PRJZX and ^GSPC.
Loading charts...
Drawdown Indicators
| PRJZX | ^GSPC | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -48.22% | -56.78% | +8.56% |
Max Drawdown (1Y)Largest decline over 1 year | -21.57% | -9.10% | -12.47% |
Max Drawdown (3Y)Largest decline over 3 years | -25.19% | -18.90% | -6.29% |
Max Drawdown (5Y)Largest decline over 5 years | -48.22% | -25.43% | -22.79% |
Max Drawdown (10Y)Largest decline over 10 years | -48.22% | -33.92% | -14.30% |
Current DrawdownCurrent decline from peak | 0.00% | -1.80% | +1.80% |
Average DrawdownAverage peak-to-trough decline | -9.97% | -10.71% | +0.74% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.19% | 2.03% | +5.16% |
Volatility
PRJZX vs. ^GSPC - Volatility Comparison
PGIM Jennison Global Opportunities Fund (PRJZX) has a higher volatility of 10.06% compared to S&P 500 Index (^GSPC) at 4.67%. This indicates that PRJZX's price experiences larger fluctuations and is considered to be riskier than ^GSPC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| PRJZX | ^GSPC | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.06% | 4.67% | +5.39% |
Volatility (6M)Calculated over the trailing 6-month period | 18.43% | 9.84% | +8.59% |
Volatility (1Y)Calculated over the trailing 1-year period | 21.63% | 12.50% | +9.13% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 24.16% | 16.99% | +7.17% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 23.37% | 18.11% | +5.26% |
Frequently Asked Questions
PRJZX and ^GSPC have a correlation of 0.88, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
PRJZX has higher volatility (10.06%) compared to ^GSPC (4.67%). In terms of maximum drawdown, PRJZX dropped -48.22% vs ^GSPC's -56.78%.
^GSPC currently has the higher Sharpe Ratio (2.03 vs 0.91), 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.
Find the right allocation for PRJZX and ^GSPC
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer