PRJZX vs. PBAIX
PRJZX (PGIM Jennison Global Opportunities Fund) and PBAIX (BlackRock Tactical Opportunities Fund Institutional Class) are both mutual funds - PRJZX is a Global Equities fund managed by PGIM, while PBAIX is a Tactical Allocation fund actively managed by BlackRock. Over the past 10 years, PRJZX returned 16.17%/yr vs 6.10%/yr for PBAIX. At a 0.31 correlation, their price movements are largely independent. PRJZX charges 0.93%/yr vs 0.77%/yr for PBAIX.
Performance
PRJZX vs. PBAIX - Performance Comparison
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Returns By Period
The year-to-date returns for both investments are quite close, with PRJZX having a 9.40% return and PBAIX slightly higher at 9.80%. Over the past 10 years, PRJZX has outperformed PBAIX with an annualized return of 16.17%, while PBAIX has yielded a comparatively lower 6.10% annualized return.
PRJZX
- 1D
- 0.62%
- 1M
- 7.23%
- YTD
- 9.40%
- 6M
- 6.03%
- 1Y
- 15.03%
- 3Y*
- 18.17%
- 5Y*
- 7.57%
- 10Y*
- 16.17%
PBAIX
- 1D
- -0.40%
- 1M
- 0.93%
- YTD
- 9.80%
- 6M
- 10.64%
- 1Y
- 12.87%
- 3Y*
- 10.20%
- 5Y*
- 7.19%
- 10Y*
- 6.10%
PRJZX vs. PBAIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
PRJZX PGIM Jennison Global Opportunities Fund | 9.40% | 4.91% | 28.69% | 41.55% | -39.60% | 7.45% | 74.45% | 34.13% | -2.61% | 43.35% |
PBAIX BlackRock Tactical Opportunities Fund Institutional Class | 9.80% | 6.46% | 12.08% | 2.64% | 6.14% | 0.50% | 6.91% | 1.65% | 4.68% | 8.05% |
Correlation
The correlation between PRJZX and PBAIX is 0.01, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.01 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.23 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.19 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.17 |
Correlation (All Time) Calculated using the full available price history since Jan 3, 2013 | 0.31 |
Over the past year, the correlation between PRJZX and PBAIX has dropped to 0.01 - well below their long-term average of 0.31, suggesting their price drivers have been diverging.
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Return for Risk
PRJZX vs. PBAIX — Risk / Return Rank
PRJZX
PBAIX
PRJZX vs. PBAIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for PGIM Jennison Global Opportunities Fund (PRJZX) and BlackRock Tactical Opportunities Fund Institutional Class (PBAIX). 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 | PBAIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.52 | ||
| Sortino ratioReturn per unit of downside risk | -2.22 | ||
| Omega ratioGain probability vs. loss probability | 1.15 | 1.45 | -0.30 |
| Calmar ratioReturn relative to maximum drawdown | 0.71 | 4.41 | -3.70 |
| Martin ratioReturn relative to average drawdown | 2.14 | 10.85 | -8.71 |
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 | PBAIX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.78 | 2.30 | -1.52 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.32 | 1.12 | -0.80 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.70 | 1.00 | -0.30 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.68 | 0.58 | +0.10 |
Drawdowns
PRJZX vs. PBAIX - Drawdown Comparison
The maximum PRJZX drawdown since its inception was -48.22%, which is greater than PBAIX's maximum drawdown of -39.26%. Use the drawdown chart below to compare losses from any high point for PRJZX and PBAIX.
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Drawdown Indicators
| PRJZX | PBAIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -48.22% | -39.26% | -8.96% |
Max Drawdown (1Y)Largest decline over 1 year | -21.57% | -2.99% | -18.58% |
Max Drawdown (3Y)Largest decline over 3 years | -25.19% | -6.79% | -18.40% |
Max Drawdown (5Y)Largest decline over 5 years | -48.22% | -6.79% | -41.43% |
Max Drawdown (10Y)Largest decline over 10 years | -48.22% | -8.94% | -39.28% |
Current DrawdownCurrent decline from peak | 0.00% | -0.46% | +0.46% |
Average DrawdownAverage peak-to-trough decline | -9.99% | -4.30% | -5.69% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.14% | 1.21% | +5.93% |
Volatility
PRJZX vs. PBAIX - Volatility Comparison
PGIM Jennison Global Opportunities Fund (PRJZX) has a higher volatility of 7.02% compared to BlackRock Tactical Opportunities Fund Institutional Class (PBAIX) at 1.71%. This indicates that PRJZX's price experiences larger fluctuations and is considered to be riskier than PBAIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PRJZX | PBAIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.02% | 1.71% | +5.31% |
Volatility (6M)Calculated over the trailing 6-month period | 16.14% | 4.79% | +11.35% |
Volatility (1Y)Calculated over the trailing 1-year period | 19.73% | 5.75% | +13.98% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 23.87% | 6.44% | +17.43% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 23.22% | 6.13% | +17.09% |
PRJZX vs. PBAIX - Expense Ratio Comparison
PRJZX has a 0.93% expense ratio, which is higher than PBAIX's 0.77% expense ratio.
Dividends
PRJZX vs. PBAIX - Dividend Comparison
PRJZX's dividend yield for the trailing twelve months is around 22.60%, while PBAIX has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PBAIX BlackRock Tactical Opportunities Fund Institutional Class | 0.00% | 0.00% | 0.00% | 11.84% | 3.52% | 0.00% | 2.71% | 3.39% | 10.17% | 0.86% | 1.74% | 5.15% |
PRJZX PGIM Jennison Global Opportunities Fund | 22.60% | 24.73% | 10.59% | 0.00% | 0.00% | 10.12% | 1.59% | 2.42% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
PRJZX and PBAIX have a correlation of 0.01, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
PRJZX has higher volatility (7.02%) compared to PBAIX (1.71%). In terms of maximum drawdown, PRJZX dropped -48.22% vs PBAIX's -39.26%.
PBAIX currently has the higher Sharpe Ratio (2.30 vs 0.78), 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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