PRUAX vs. ARCC
PRUAX (PGIM Jennison Utility Fund) is Utilities Equities fund managed by PGIM, while ARCC (Ares Capital Corporation) is a stock. Over the past 10 years, PRUAX returned 10.04%/yr vs 12.33%/yr for ARCC. Their 0.44 correlation means their historical movements had little consistent relationship.
Performance
PRUAX vs. ARCC - Performance Comparison
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Returns By Period
In the year-to-date period, PRUAX achieves a 3.70% return, which is significantly higher than ARCC's -2.30% return. Over the past 10 years, PRUAX has underperformed ARCC with an annualized return of 10.04%, while ARCC has yielded a comparatively higher 12.33% annualized return.
PRUAX
- 1D
- 0.13%
- 1M
- -3.50%
- 6M
- 2.88%
- YTD
- 3.70%
- 1Y
- 4.64%
- 3Y*
- 16.13%
- 5Y*
- 11.03%
- 10Y*
- 10.04%
- ALL TIME*
- 10.97%
ARCC
- 1D
- -0.37%
- 1M
- 0.16%
- 6M
- -0.63%
- YTD
- -2.30%
- 1Y
- -7.66%
- 3Y*
- 8.39%
- 5Y*
- 8.57%
- 10Y*
- 12.33%
- ALL TIME*
- 11.98%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $81.64M | $84.10M | $93.93M | |
| $0.00 | $0.00 | $0.00 |
PRUAX vs. ARCC - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
PRUAX PGIM Jennison Utility Fund | 3.70% | 11.47% | 39.83% | -3.96% | -0.18% | 14.89% | 4.14% | 27.06% | 1.14% | 13.78% |
ARCC Ares Capital Corporation | -2.30% | 1.07% | 19.78% | 20.03% | -3.84% | 36.14% | 0.86% | 31.30% | 8.81% | 4.50% |
Correlation
The correlation between PRUAX and ARCC is 0.07, meaning there was essentially no consistent relationship between their historical price movements. Each responded to its own set of market drivers.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.07 |
Correlation (3Y) Balances recent behavior with more history. | 0.26 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.35 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.33 |
Correlation (All Time) Calculated using the full available price history since Oct 6, 2004 | 0.44 |
Over the past year, the correlation between PRUAX and ARCC has dropped to 0.07 - well below their long-term average of 0.44, suggesting their price drivers have been diverging.
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Return for Risk
PRUAX vs. ARCC — Risk / Return Rank
PRUAX
ARCC
PRUAX vs. ARCC - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for PGIM Jennison Utility Fund (PRUAX) and Ares Capital Corporation (ARCC). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| PRUAX | ARCC | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.79 | ||
| Sortino ratioReturn per unit of downside risk | +1.08 | ||
| Omega ratioGain probability vs. loss probability | 1.07 | 0.94 | +0.13 |
| Calmar ratioReturn relative to maximum drawdown | 0.57 | -0.50 | +1.07 |
| Martin ratioReturn relative to average drawdown | 1.16 | -0.91 | +2.07 |
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Drawdowns
PRUAX vs. ARCC - Drawdown Comparison
The maximum PRUAX drawdown since its inception was -58.20%, smaller than the maximum ARCC drawdown of -79.36%. Use the drawdown chart below to compare losses from any high point for PRUAX and ARCC.
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Drawdown Indicators
| PRUAX | ARCC | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -58.20% | -79.36% | +21.16% |
Max Drawdown (1Y)Largest decline over 1 year | -9.25% | -17.35% | +8.10% |
Max Drawdown (3Y)Largest decline over 3 years | -12.73% | -19.35% | +6.62% |
Max Drawdown (5Y)Largest decline over 5 years | -20.65% | -21.76% | +1.11% |
Max Drawdown (10Y)Largest decline over 10 years | -35.54% | -56.77% | +21.23% |
Current DrawdownCurrent decline from peak | -6.86% | -11.07% | +4.21% |
Average DrawdownAverage peak-to-trough decline | -9.40% | -9.12% | -0.28% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.54% | 9.51% | -4.97% |
Volatility
PRUAX vs. ARCC - Volatility Comparison
PGIM Jennison Utility Fund (PRUAX) has a higher volatility of 4.88% compared to Ares Capital Corporation (ARCC) at 4.33%. This indicates that PRUAX's price experiences larger fluctuations and is considered to be riskier than ARCC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PRUAX | ARCC | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.88% | 4.33% | +0.55% |
Volatility (6M)Calculated over the trailing 6-month period | 12.74% | 14.79% | -2.05% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.00% | 18.86% | -2.86% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.33% | 19.97% | -2.64% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.96% | 25.58% | -7.62% |
Dividends
PRUAX vs. ARCC - Dividend Comparison
PRUAX's dividend yield for the trailing twelve months is around 10.56%, more than ARCC's 10.23% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ARCC Ares Capital Corporation | 10.23% | 9.49% | 8.77% | 9.59% | 10.12% | 7.65% | 9.47% | 9.01% | 9.88% | 9.67% | 9.22% | 11.02% |
PRUAX PGIM Jennison Utility Fund | 10.56% | 11.24% | 18.59% | 9.82% | 8.33% | 13.94% | 2.07% | 5.62% | 9.19% | 4.19% | 7.64% | 11.96% |
Frequently Asked Questions
PRUAX and ARCC have a correlation of 0.07, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
PRUAX has higher volatility (4.88%) compared to ARCC (4.33%). In terms of maximum drawdown, PRUAX dropped -58.20% vs ARCC's -79.36%.
PRUAX currently has the higher Sharpe Ratio (0.33 vs -0.46), 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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