PRJZX vs. ^GSPC
Compare and contrast key facts about PGIM Jennison Global Opportunities Fund (PRJZX) and S&P 500 (^GSPC).
PRJZX is managed by PGIM Investments. It was launched on Mar 13, 2012.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: PRJZX or ^GSPC.
Correlation
The correlation between PRJZX and ^GSPC 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. ^GSPC - Performance Comparison
Key characteristics
PRJZX:
0.47
^GSPC:
1.74
PRJZX:
0.75
^GSPC:
2.35
PRJZX:
1.10
^GSPC:
1.32
PRJZX:
0.38
^GSPC:
2.61
PRJZX:
1.91
^GSPC:
10.66
PRJZX:
4.81%
^GSPC:
2.08%
PRJZX:
19.62%
^GSPC:
12.77%
PRJZX:
-52.78%
^GSPC:
-56.78%
PRJZX:
-12.83%
^GSPC:
0.00%
Returns By Period
In the year-to-date period, PRJZX achieves a 5.74% return, which is significantly higher than ^GSPC's 4.46% return. Over the past 10 years, PRJZX has outperformed ^GSPC with an annualized return of 12.72%, while ^GSPC has yielded a comparatively lower 11.31% annualized return.
PRJZX
5.74%
3.30%
0.04%
10.90%
9.92%
12.72%
^GSPC
4.46%
2.46%
9.31%
23.49%
13.03%
11.31%
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Risk-Adjusted Performance
PRJZX vs. ^GSPC — Risk-Adjusted Performance Rank
PRJZX
^GSPC
PRJZX vs. ^GSPC - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for PGIM Jennison Global Opportunities Fund (PRJZX) and S&P 500 (^GSPC). 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.
Drawdowns
PRJZX vs. ^GSPC - Drawdown Comparison
The maximum PRJZX drawdown since its inception was -52.78%, smaller than the maximum ^GSPC drawdown of -56.78%. Use the drawdown chart below to compare losses from any high point for PRJZX and ^GSPC. For additional features, visit the drawdowns tool.
Volatility
PRJZX vs. ^GSPC - Volatility Comparison
PGIM Jennison Global Opportunities Fund (PRJZX) has a higher volatility of 6.87% compared to S&P 500 (^GSPC) at 3.07%. This indicates that PRJZX's price experiences larger fluctuations and is considered to be riskier than ^GSPC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.