PRJZX vs. SPY
Compare and contrast key facts about PGIM Jennison Global Opportunities Fund (PRJZX) and State Street SPDR S&P 500 ETF (SPY).
PRJZX is managed by PGIM. 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.
Performance
PRJZX vs. SPY - Performance Comparison
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PRJZX vs. SPY - 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% |
SPY State Street SPDR S&P 500 ETF | -4.37% | 17.72% | 24.89% | 26.18% | -18.18% | 28.73% | 18.33% | 31.22% | -4.57% | 21.71% |
Returns By Period
In the year-to-date period, PRJZX achieves a -15.76% return, which is significantly lower than SPY's -4.37% return. Over the past 10 years, PRJZX has underperformed SPY with an annualized return of 13.27%, while SPY has yielded a comparatively higher 13.98% 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%
SPY
- 1D
- 2.91%
- 1M
- -4.94%
- YTD
- -4.37%
- 6M
- -1.82%
- 1Y
- 17.59%
- 3Y*
- 18.19%
- 5Y*
- 11.69%
- 10Y*
- 13.98%
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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.
Return for Risk
PRJZX vs. SPY — Risk / Return Rank
PRJZX
SPY
PRJZX vs. SPY - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for PGIM Jennison Global Opportunities Fund (PRJZX) and State Street 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.
| PRJZX | SPY | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | -0.07 | 0.93 | -0.99 |
Sortino ratioReturn per unit of downside risk | 0.06 | 1.45 | -1.39 |
Omega ratioGain probability vs. loss probability | 1.01 | 1.22 | -0.22 |
Calmar ratioReturn relative to maximum drawdown | -0.17 | 1.53 | -1.69 |
Martin ratioReturn relative to average drawdown | -0.55 | 7.30 | -7.85 |
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 | SPY | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.07 | 0.93 | -0.99 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.10 | 0.69 | -0.59 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.58 | 0.78 | -0.20 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.59 | 0.56 | +0.03 |
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.
Dividends
PRJZX vs. SPY - Dividend Comparison
PRJZX's dividend yield for the trailing twelve months is around 29.35%, more than SPY's 1.14% 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% |
SPY State Street SPDR S&P 500 ETF | 1.14% | 1.07% | 1.21% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% |
Drawdowns
PRJZX vs. SPY - Drawdown Comparison
The maximum PRJZX drawdown since its inception was -48.22%, smaller than the maximum SPY drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for PRJZX and SPY.
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Drawdown Indicators
| PRJZX | SPY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -48.22% | -55.19% | +6.97% |
Max Drawdown (1Y)Largest decline over 1 year | -21.57% | -12.05% | -9.52% |
Max Drawdown (5Y)Largest decline over 5 years | -48.22% | -24.50% | -23.72% |
Max Drawdown (10Y)Largest decline over 10 years | -48.22% | -33.72% | -14.50% |
Current DrawdownCurrent decline from peak | -21.57% | -6.24% | -15.33% |
Average DrawdownAverage peak-to-trough decline | -10.04% | -9.09% | -0.95% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.46% | 2.52% | +3.94% |
Volatility
PRJZX vs. SPY - Volatility Comparison
PGIM Jennison Global Opportunities Fund (PRJZX) has a higher volatility of 7.66% compared to State Street SPDR S&P 500 ETF (SPY) at 5.31%. 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.
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Volatility by Period
| PRJZX | SPY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.66% | 5.31% | +2.35% |
Volatility (6M)Calculated over the trailing 6-month period | 14.43% | 9.47% | +4.96% |
Volatility (1Y)Calculated over the trailing 1-year period | 22.24% | 19.05% | +3.19% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 23.79% | 17.06% | +6.73% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 23.02% | 17.92% | +5.10% |