PRJZX vs. FIQOX
PRJZX (PGIM Jennison Global Opportunities Fund) and FIQOX (Fidelity Advisor Worldwide Fund Class Z) are both Global Equities funds. Over the past 5 years, PRJZX returned 2.69%/yr vs 13.84%/yr for FIQOX. Their correlation of 0.89 means they have usually moved in the same direction. PRJZX charges 0.93%/yr vs 0.90%/yr for FIQOX.
Performance
PRJZX vs. FIQOX - Performance Comparison
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Returns By Period
In the year-to-date period, PRJZX achieves a -2.23% return, which is significantly lower than FIQOX's 14.67% return.
PRJZX
- 1D
- 4.81%
- 1M
- -7.70%
- 6M
- -0.32%
- YTD
- -2.23%
- 1Y
- 1.55%
- 3Y*
- 11.88%
- 5Y*
- 2.69%
- 10Y*
- 14.37%
- ALL TIME*
- 13.54%
FIQOX
- 1D
- 2.10%
- 1M
- -4.10%
- 6M
- 10.78%
- YTD
- 14.67%
- 1Y
- 24.62%
- 3Y*
- 26.41%
- 5Y*
- 13.84%
- 10Y*
- —
- ALL TIME*
- 16.38%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $0.00 | $0.00 | $0.00 |
PRJZX vs. FIQOX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
PRJZX PGIM Jennison Global Opportunities Fund | -2.23% | 4.91% | 28.69% | 41.55% | -39.60% | 7.45% | 74.45% | 34.13% | -8.21% |
FIQOX Fidelity Advisor Worldwide Fund Class Z | 14.67% | 16.27% | 46.05% | 25.10% | -25.64% | 18.58% | 31.08% | 29.13% | -10.40% |
Correlation
The correlation between PRJZX and FIQOX is 0.91, meaning they have usually moved in the same direction, including during past declines.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.91 |
Correlation (3Y) Balances recent behavior with more history. | 0.90 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.91 |
Correlation (All Time) Calculated using the full available price history since Oct 17, 2018 | 0.89 |
The correlation between PRJZX and FIQOX has been stable across timeframes, ranging from 0.89 to 0.91 - a consistent structural relationship.
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Return for Risk
PRJZX vs. FIQOX — Risk / Return Rank
PRJZX
FIQOX
PRJZX vs. FIQOX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for PGIM Jennison Global Opportunities Fund (PRJZX) and Fidelity Advisor Worldwide Fund Class Z (FIQOX). 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 | FIQOX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.17 | ||
| Sortino ratioReturn per unit of downside risk | -1.51 | ||
| Omega ratioGain probability vs. loss probability | 1.01 | 1.21 | -0.19 |
| Calmar ratioReturn relative to maximum drawdown | -0.04 | 1.91 | -1.95 |
| Martin ratioReturn relative to average drawdown | -0.11 | 6.93 | -7.04 |
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Drawdowns
PRJZX vs. FIQOX - Drawdown Comparison
The maximum PRJZX drawdown since its inception was -48.22%, which is greater than FIQOX's maximum drawdown of -33.64%. Use the drawdown chart below to compare losses from any high point for PRJZX and FIQOX.
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Drawdown Indicators
| PRJZX | FIQOX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -48.22% | -33.64% | -14.58% |
Max Drawdown (1Y)Largest decline over 1 year | -21.57% | -11.74% | -9.83% |
Max Drawdown (3Y)Largest decline over 3 years | -25.19% | -22.59% | -2.60% |
Max Drawdown (5Y)Largest decline over 5 years | -48.22% | -33.64% | -14.58% |
Max Drawdown (10Y)Largest decline over 10 years | -48.22% | — | — |
Current DrawdownCurrent decline from peak | -13.27% | -7.70% | -5.57% |
Average DrawdownAverage peak-to-trough decline | -9.95% | -7.77% | -2.18% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.74% | 3.22% | +4.52% |
Volatility
PRJZX vs. FIQOX - Volatility Comparison
PGIM Jennison Global Opportunities Fund (PRJZX) has a higher volatility of 10.16% compared to Fidelity Advisor Worldwide Fund Class Z (FIQOX) at 5.67%. This indicates that PRJZX's price experiences larger fluctuations and is considered to be riskier than FIQOX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PRJZX | FIQOX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.16% | 5.67% | +4.49% |
Volatility (6M)Calculated over the trailing 6-month period | 21.69% | 16.47% | +5.22% |
Volatility (1Y)Calculated over the trailing 1-year period | 24.57% | 19.78% | +4.79% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 24.68% | 20.44% | +4.24% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 23.59% | 21.28% | +2.31% |
PRJZX vs. FIQOX - Expense Ratio Comparison
PRJZX has a 0.93% expense ratio, which is higher than FIQOX's 0.90% expense ratio.
Dividends
PRJZX vs. FIQOX - Dividend Comparison
PRJZX's dividend yield for the trailing twelve months is around 25.29%, more than FIQOX's 10.12% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
FIQOX Fidelity Advisor Worldwide Fund Class Z | 10.12% | 11.60% | 26.02% | 1.10% | 6.51% | 12.99% | 8.23% | 5.09% | 9.32% |
PRJZX PGIM Jennison Global Opportunities Fund | 25.29% | 24.73% | 10.59% | 0.00% | 0.00% | 10.12% | 1.59% | 2.42% | 0.00% |
Frequently Asked Questions
With a correlation of 0.91, PRJZX and FIQOX move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
PRJZX has higher volatility (10.16%) compared to FIQOX (5.67%). In terms of maximum drawdown, PRJZX dropped -48.22% vs FIQOX's -33.64%.
FIQOX currently has the higher Sharpe Ratio (1.13 vs -0.04), 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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