PRJZX vs. SPY
Compare and contrast key facts about PGIM Jennison Global Opportunities Fund (PRJZX) and SPDR S&P 500 ETF (SPY).
PRJZX is managed by PGIM Investments. It was launched on Mar 13, 2012. SPY is a passively managed fund by State Street that tracks the performance of the S&P 500 Index. It was launched on Jan 22, 1993.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: PRJZX or SPY.
Correlation
The correlation between PRJZX and SPY is 0.82, 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.
Performance
PRJZX vs. SPY - Performance Comparison
Key characteristics
PRJZX:
0.53
SPY:
1.91
PRJZX:
0.83
SPY:
2.57
PRJZX:
1.11
SPY:
1.35
PRJZX:
0.43
SPY:
2.88
PRJZX:
2.18
SPY:
11.96
PRJZX:
4.80%
SPY:
2.03%
PRJZX:
19.64%
SPY:
12.68%
PRJZX:
-52.78%
SPY:
-55.19%
PRJZX:
-12.07%
SPY:
0.00%
Returns By Period
In the year-to-date period, PRJZX achieves a 6.66% return, which is significantly higher than SPY's 4.34% return. Both investments have delivered pretty close results over the past 10 years, with PRJZX having a 12.83% annualized return and SPY not far ahead at 13.21%.
PRJZX
6.66%
4.20%
1.59%
10.17%
9.78%
12.83%
SPY
4.34%
2.33%
10.15%
23.99%
14.44%
13.21%
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PRJZX vs. SPY - Expense Ratio Comparison
PRJZX has a 0.93% expense ratio, which is higher than SPY's 0.09% expense ratio.
Risk-Adjusted Performance
PRJZX vs. SPY — Risk-Adjusted Performance Rank
PRJZX
SPY
PRJZX vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for PGIM Jennison Global Opportunities Fund (PRJZX) and SPDR S&P 500 ETF (SPY). 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.
Dividends
PRJZX vs. SPY - Dividend Comparison
PRJZX has not paid dividends to shareholders, while SPY's dividend yield for the trailing twelve months is around 1.16%.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PRJZX PGIM Jennison Global Opportunities Fund | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 2.42% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SPY SPDR S&P 500 ETF | 1.16% | 1.21% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% |
Drawdowns
PRJZX vs. SPY - Drawdown Comparison
The maximum PRJZX drawdown since its inception was -52.78%, roughly equal to the maximum SPY drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for PRJZX and SPY. For additional features, visit the drawdowns tool.
Volatility
PRJZX vs. SPY - Volatility Comparison
PGIM Jennison Global Opportunities Fund (PRJZX) has a higher volatility of 6.81% compared to SPDR S&P 500 ETF (SPY) at 3.13%. This indicates that PRJZX's price experiences larger fluctuations and is considered to be riskier than SPY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.