PWJZX vs. FIVFX

Last updated Aug 1, 2026

PWJZX (PGIM Jennison International Opportunities Fund) and FIVFX (Fidelity International Capital Appreciation Fund) are both Foreign Large Cap Equities funds. Their correlation of 0.87 means they have usually moved in the same direction. PWJZX charges 0.90%/yr vs 1.00%/yr for FIVFX.

Performance

PWJZX vs. FIVFX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in PGIM Jennison International Opportunities Fund (PWJZX) and Fidelity International Capital Appreciation Fund (FIVFX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

PWJZX

• 1D: 5.98%
• 1M: -7.13%
• 6M: -0.31%
• YTD: 2.22%
• 1Y: 5.27%
• 3Y*: 8.50%
• 5Y*: -1.14%
• 10Y*: 10.78%
• ALL TIME*: 8.56%

FIVFX

• 1D: —
• 1M: —
• 6M: —
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
PWJZX PGIM Jennison International Opportunities Fund	$0.00	$0.00	$0.00

PWJZX vs. FIVFX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
PWJZX PGIM Jennison International Opportunities Fund	2.22%	14.53%	6.84%	20.25%	-36.95%	13.27%	55.57%	38.16%	-12.93%	49.58%
FIVFX Fidelity International Capital Appreciation Fund	0.00%	19.54%	8.05%	27.58%	-26.48%	12.14%	22.32%	33.05%	-12.87%	35.81%

Correlation

The correlation between PWJZX and FIVFX is 0.87, meaning they have usually moved in the same direction, including during past declines.

	Correlation
Correlation (3Y) Balances recent behavior with more history.	0.68
Correlation (5Y) Shows whether the relationship held over a longer period.	0.81
Correlation (10Y) Provides a long-term view across more market conditions.	0.85
Correlation (All Time) Calculated using the full available price history since Jan 2, 2013	0.87

The correlation between PWJZX and FIVFX shifts across timeframes, from 0.68 (3 years) to 0.87 (all time), reflecting how their relationship changes across market environments.

Return for Risk

PWJZX vs. FIVFX — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

PWJZX

PWJZX Risk / Return Rank: 7
PWJZX Sharpe Ratio Rank: 6
PWJZX Sortino Ratio Rank: 7
PWJZX Omega Ratio Rank: 7
PWJZX Calmar Ratio Rank: 6
PWJZX Martin Ratio Rank: 7

FIVFX

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

PWJZX vs. FIVFX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for PGIM Jennison International Opportunities Fund (PWJZX) and Fidelity International Capital Appreciation Fund (FIVFX). 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.

	PWJZX	FIVFX	Difference
Sharpe ratio: Return per unit of total volatility	0.11	—	—
Sortino ratio: Return per unit of downside risk	0.36	—	—
Omega ratio: Gain probability vs. loss probability	1.05	—	—
Calmar ratio: Return relative to maximum drawdown	0.16	—	—
Martin ratio: Return relative to average drawdown	0.50	—	—

Drawdowns

Drawdown Indicators

	PWJZX	FIVFX	Difference
Max Drawdown Largest peak-to-trough decline	-48.22%	—	—
Max Drawdown (1Y) Largest decline over 1 year	-19.20%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-20.18%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-48.22%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-48.22%	—	—
Current Drawdown Current decline from peak	-14.36%	—	—
Average Drawdown Average peak-to-trough decline	-12.99%	—	—
Ulcer Index Depth and duration of drawdowns from previous peaks	6.20%	—	—

Volatility

Volatility by Period

	PWJZX	FIVFX	Difference
Volatility (1M) Calculated over the trailing 1-month period	12.08%	—	—
Volatility (6M) Calculated over the trailing 6-month period	26.52%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	28.57%	—	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	23.63%	—	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	21.57%	—	—

PWJZX vs. FIVFX - Expense Ratio Comparison

PWJZX has a 0.90% expense ratio, which is lower than FIVFX's 1.00% expense ratio.

Dividends

PWJZX vs. FIVFX - Dividend Comparison

PWJZX's dividend yield for the trailing twelve months is around 0.18%, while FIVFX has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FIVFX Fidelity International Capital Appreciation Fund	0.00%	10.67%	4.19%	0.38%	0.05%	9.08%	1.28%	3.29%	3.00%	2.99%	0.68%	1.57%
PWJZX PGIM Jennison International Opportunities Fund	0.18%	0.19%	0.07%	0.09%	0.00%	0.09%	0.00%	0.00%	0.06%	0.17%	0.24%	0.00%

Frequently Asked Questions

Can I hold both PWJZX and FIVFX in my portfolio?

PWJZX and FIVFX have a correlation of 0.87, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.