SDMGX vs. PDEZX

Last updated Jun 24, 2026

SDMGX (SIT Developing Markets Growth Fund) and PDEZX (PGIM Jennison Emerging Markets Equity Opportunities Fund) are both Emerging Markets Diversified funds. Over the past 10 years, SDMGX returned 11.59%/yr vs 12.61%/yr for PDEZX. Their correlation of 0.83 suggests significant overlap in exposure. SDMGX charges 1.20%/yr vs 1.05%/yr for PDEZX.

Performance

SDMGX vs. PDEZX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in SIT Developing Markets Growth Fund (SDMGX) and PGIM Jennison Emerging Markets Equity Opportunities Fund (PDEZX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, SDMGX achieves a 27.33% return, which is significantly lower than PDEZX's 37.21% return. Over the past 10 years, SDMGX has underperformed PDEZX with an annualized return of 11.59%, while PDEZX has yielded a comparatively higher 12.61% annualized return.

SDMGX

• 1D: 0.17%
• 1M: 6.62%
• YTD: 27.33%
• 6M: 28.94%
• 1Y: 57.27%
• 3Y*: 25.76%
• 5Y*: 9.39%
• 10Y*: 11.59%

PDEZX

• 1D: 0.63%
• 1M: 7.27%
• YTD: 37.21%
• 6M: 38.55%
• 1Y: 50.83%
• 3Y*: 28.14%
• 5Y*: 2.00%
• 10Y*: 12.61%

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

SDMGX vs. PDEZX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
SDMGX SIT Developing Markets Growth Fund	27.33%	36.11%	13.58%	7.37%	-17.23%	-8.88%	23.14%	19.77%	-14.76%	43.22%
PDEZX PGIM Jennison Emerging Markets Equity Opportunities Fund	37.21%	14.88%	18.48%	16.12%	-41.65%	-0.86%	72.88%	30.33%	-18.26%	40.80%

Correlation

The correlation between SDMGX and PDEZX is 0.76, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.76
Correlation (3Y) Calculated over the trailing 3-year period	0.76
Correlation (5Y) Calculated over the trailing 5-year period	0.80
Correlation (10Y) Calculated over the trailing 10-year period	0.82
Correlation (All Time) Calculated using the full available price history since Sep 17, 2014	0.83

The correlation between SDMGX and PDEZX has been stable across timeframes, ranging from 0.76 to 0.83 - a consistent structural relationship.

Return for Risk

SDMGX vs. PDEZX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

SDMGX

SDMGX Risk / Return Rank: 84
SDMGX Sharpe Ratio Rank: 87
SDMGX Sortino Ratio Rank: 70
SDMGX Omega Ratio Rank: 83
SDMGX Calmar Ratio Rank: 91
SDMGX Martin Ratio Rank: 90

PDEZX

PDEZX Risk / Return Rank: 60
PDEZX Sharpe Ratio Rank: 54
PDEZX Sortino Ratio Rank: 42
PDEZX Omega Ratio Rank: 54
PDEZX Calmar Ratio Rank: 84
PDEZX Martin Ratio Rank: 67

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

SDMGX vs. PDEZX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for SIT Developing Markets Growth Fund (SDMGX) and PGIM Jennison Emerging Markets Equity Opportunities Fund (PDEZX). 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.

	SDMGX	PDEZX	Difference
Sharpe ratio: Return per unit of total volatility	2.63	2.00	+0.62
Sortino ratio: Return per unit of downside risk	3.19	2.53	+0.66
Omega ratio: Gain probability vs. loss probability	1.51	1.37	+0.14
Calmar ratio: Return relative to maximum drawdown	4.46	3.74	+0.72
Martin ratio: Return relative to average drawdown	16.62	12.17	+4.45

SDMGX vs. PDEZX - Sharpe Ratio Comparison

The current SDMGX Sharpe Ratio is 2.63, which is higher than the PDEZX Sharpe Ratio of 2.00. The chart below compares the historical Sharpe Ratios of SDMGX and PDEZX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

SDMGX vs. PDEZX - Drawdown Comparison

The maximum SDMGX drawdown since its inception was -67.12%, which is greater than PDEZX's maximum drawdown of -54.95%. Use the drawdown chart below to compare losses from any high point for SDMGX and PDEZX.

Drawdown Indicators

	SDMGX	PDEZX	Difference
Max Drawdown Largest peak-to-trough decline	-67.12%	-54.95%	-12.17%
Max Drawdown (1Y) Largest decline over 1 year	-13.00%	-13.94%	+0.94%
Max Drawdown (3Y) Largest decline over 3 years	-18.90%	-21.92%	+3.02%
Max Drawdown (5Y) Largest decline over 5 years	-39.52%	-52.88%	+13.36%
Max Drawdown (10Y) Largest decline over 10 years	-44.63%	-54.95%	+10.32%
Current Drawdown Current decline from peak	-2.34%	0.00%	-2.34%
Average Drawdown Average peak-to-trough decline	-23.57%	-20.16%	-3.41%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.48%	4.27%	-0.79%

Volatility

SDMGX vs. PDEZX - Volatility Comparison

SIT Developing Markets Growth Fund (SDMGX) and PGIM Jennison Emerging Markets Equity Opportunities Fund (PDEZX) have volatilities of 13.16% and 12.59%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	SDMGX	PDEZX	Difference
Volatility (1M) Calculated over the trailing 1-month period	13.16%	12.59%	+0.57%
Volatility (6M) Calculated over the trailing 6-month period	19.44%	22.89%	-3.45%
Volatility (1Y) Calculated over the trailing 1-year period	22.11%	26.05%	-3.94%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	20.18%	24.08%	-3.90%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.70%	22.53%	-2.83%

SDMGX vs. PDEZX - Expense Ratio Comparison

SDMGX has a 1.20% expense ratio, which is higher than PDEZX's 1.05% expense ratio.

Dividends

SDMGX vs. PDEZX - Dividend Comparison

SDMGX's dividend yield for the trailing twelve months is around 0.69%, less than PDEZX's 1.61% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
PDEZX PGIM Jennison Emerging Markets Equity Opportunities Fund	1.61%	2.21%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
SDMGX SIT Developing Markets Growth Fund	0.69%	0.87%	4.13%	2.03%	2.44%	2.13%	0.26%	1.75%	1.67%	1.45%	0.27%	3.13%

Frequently Asked Questions

Can I hold both SDMGX and PDEZX in my portfolio?

SDMGX and PDEZX have a correlation of 0.76, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, SDMGX or PDEZX?

SDMGX has higher volatility (13.16%) compared to PDEZX (12.59%). In terms of maximum drawdown, SDMGX dropped -67.12% vs PDEZX's -54.95%.

Which has better risk-adjusted returns?

SDMGX currently has the higher Sharpe Ratio (2.63 vs 2.00), 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.