PRJZX vs. GWOAX
Compare and contrast key facts about PGIM Jennison Global Opportunities Fund (PRJZX) and GMO Global Developed Equity Allocation Fund (GWOAX).
PRJZX is managed by PGIM. It was launched on Mar 13, 2012. GWOAX is managed by GMO. It was launched on Jun 15, 2005.
Performance
PRJZX vs. GWOAX - Performance Comparison
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PRJZX vs. GWOAX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
PRJZX PGIM Jennison Global Opportunities Fund | -15.76% | 4.91% | 28.69% | 41.55% | -39.60% | 7.45% | 74.45% | 34.13% | -2.61% | 43.35% |
GWOAX GMO Global Developed Equity Allocation Fund | 0.36% | 28.37% | 6.14% | 22.49% | -14.10% | 18.53% | 10.53% | 26.56% | -12.95% | 25.63% |
Returns By Period
In the year-to-date period, PRJZX achieves a -15.76% return, which is significantly lower than GWOAX's 0.36% return. Over the past 10 years, PRJZX has outperformed GWOAX with an annualized return of 13.27%, while GWOAX has yielded a comparatively lower 10.74% annualized return.
PRJZX
- 1D
- -1.49%
- 1M
- -10.83%
- YTD
- -15.76%
- 6M
- -19.51%
- 1Y
- -0.62%
- 3Y*
- 10.67%
- 5Y*
- 2.39%
- 10Y*
- 13.27%
GWOAX
- 1D
- -0.13%
- 1M
- -8.51%
- YTD
- 0.36%
- 6M
- 7.28%
- 1Y
- 25.54%
- 3Y*
- 16.14%
- 5Y*
- 9.19%
- 10Y*
- 10.74%
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PRJZX vs. GWOAX - Expense Ratio Comparison
PRJZX has a 0.93% expense ratio, which is higher than GWOAX's 0.01% expense ratio.
Return for Risk
PRJZX vs. GWOAX — Risk / Return Rank
PRJZX
GWOAX
PRJZX vs. GWOAX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for PGIM Jennison Global Opportunities Fund (PRJZX) and GMO Global Developed Equity Allocation Fund (GWOAX). 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.
| PRJZX | GWOAX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | -0.07 | 1.62 | -1.69 |
Sortino ratioReturn per unit of downside risk | 0.06 | 2.24 | -2.18 |
Omega ratioGain probability vs. loss probability | 1.01 | 1.33 | -0.33 |
Calmar ratioReturn relative to maximum drawdown | -0.17 | 2.07 | -2.24 |
Martin ratioReturn relative to average drawdown | -0.55 | 9.35 | -9.91 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| PRJZX | GWOAX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.07 | 1.62 | -1.69 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.10 | 0.61 | -0.51 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.58 | 0.65 | -0.08 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.59 | 0.43 | +0.15 |
Correlation
The correlation between PRJZX and GWOAX is 0.74, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Dividends
PRJZX vs. GWOAX - Dividend Comparison
PRJZX's dividend yield for the trailing twelve months is around 29.35%, more than GWOAX's 4.45% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PRJZX PGIM Jennison Global Opportunities Fund | 29.35% | 24.73% | 10.59% | 0.00% | 0.00% | 10.12% | 1.59% | 2.42% | 0.00% | 0.00% | 0.00% | 0.00% |
GWOAX GMO Global Developed Equity Allocation Fund | 4.45% | 4.46% | 0.60% | 6.10% | 7.27% | 12.75% | 3.85% | 4.33% | 3.02% | 3.05% | 6.43% | 12.47% |
Drawdowns
PRJZX vs. GWOAX - Drawdown Comparison
The maximum PRJZX drawdown since its inception was -48.22%, roughly equal to the maximum GWOAX drawdown of -49.84%. Use the drawdown chart below to compare losses from any high point for PRJZX and GWOAX.
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Drawdown Indicators
| PRJZX | GWOAX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -48.22% | -49.84% | +1.62% |
Max Drawdown (1Y)Largest decline over 1 year | -21.57% | -11.43% | -10.14% |
Max Drawdown (5Y)Largest decline over 5 years | -48.22% | -26.21% | -22.01% |
Max Drawdown (10Y)Largest decline over 10 years | -48.22% | -35.28% | -12.94% |
Current DrawdownCurrent decline from peak | -21.57% | -8.78% | -12.79% |
Average DrawdownAverage peak-to-trough decline | -10.04% | -9.06% | -0.98% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.46% | 2.53% | +3.93% |
Volatility
PRJZX vs. GWOAX - Volatility Comparison
PGIM Jennison Global Opportunities Fund (PRJZX) has a higher volatility of 7.66% compared to GMO Global Developed Equity Allocation Fund (GWOAX) at 5.02%. This indicates that PRJZX's price experiences larger fluctuations and is considered to be riskier than GWOAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PRJZX | GWOAX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.66% | 5.02% | +2.64% |
Volatility (6M)Calculated over the trailing 6-month period | 14.43% | 9.33% | +5.10% |
Volatility (1Y)Calculated over the trailing 1-year period | 22.24% | 15.73% | +6.51% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 23.79% | 15.16% | +8.63% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 23.02% | 16.46% | +6.56% |