SSCPX vs. PSCZX

Last updated Jun 4, 2026

SSCPX (Saratoga Small Capitalization Portfolio) and PSCZX (PGIM Jennison Small Company Fund Class Z) are both Small Cap Growth Equities funds. Over the past 10 years, SSCPX returned 11.22%/yr vs 12.77%/yr for PSCZX. Their correlation of 0.91 suggests significant overlap in exposure. SSCPX charges 1.70%/yr vs 0.82%/yr for PSCZX.

Performance

SSCPX vs. PSCZX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Saratoga Small Capitalization Portfolio (SSCPX) and PGIM Jennison Small Company Fund Class Z (PSCZX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, SSCPX achieves a 21.31% return, which is significantly higher than PSCZX's 11.62% return. Over the past 10 years, SSCPX has underperformed PSCZX with an annualized return of 11.22%, while PSCZX has yielded a comparatively higher 12.77% annualized return.

SSCPX

• 1D: 1.22%
• 1M: 5.06%
• YTD: 21.31%
• 6M: 19.23%
• 1Y: 34.86%
• 3Y*: 17.90%
• 5Y*: 7.91%
• 10Y*: 11.22%

PSCZX

• 1D: 1.01%
• 1M: 2.64%
• YTD: 11.62%
• 6M: 11.85%
• 1Y: 25.86%
• 3Y*: 14.88%
• 5Y*: 6.80%
• 10Y*: 12.77%

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

SSCPX vs. PSCZX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
SSCPX Saratoga Small Capitalization Portfolio	21.31%	6.41%	10.79%	15.16%	-17.56%	24.53%	25.39%	23.71%	-16.14%	15.58%
PSCZX PGIM Jennison Small Company Fund Class Z	11.62%	7.29%	16.22%	11.85%	-18.57%	29.43%	27.53%	40.68%	-13.42%	19.81%

Correlation

The correlation between SSCPX and PSCZX is 0.90, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.90
Correlation (3Y) Calculated over the trailing 3-year period	0.91
Correlation (5Y) Calculated over the trailing 5-year period	0.93
Correlation (10Y) Calculated over the trailing 10-year period	0.93
Correlation (All Time) Calculated using the full available price history since Jan 3, 1997	0.91

The correlation between SSCPX and PSCZX has been stable across timeframes, ranging from 0.90 to 0.93 - a consistent structural relationship.

Return for Risk

SSCPX vs. PSCZX — Risk / Return Rank

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

SSCPX

SSCPX Risk / Return Rank: 47
SSCPX Sharpe Ratio Rank: 40
SSCPX Sortino Ratio Rank: 39
SSCPX Omega Ratio Rank: 35
SSCPX Calmar Ratio Rank: 67
SSCPX Martin Ratio Rank: 53

PSCZX

PSCZX Risk / Return Rank: 41
PSCZX Sharpe Ratio Rank: 33
PSCZX Sortino Ratio Rank: 35
PSCZX Omega Ratio Rank: 31
PSCZX Calmar Ratio Rank: 53
PSCZX Martin Ratio Rank: 54

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.

SSCPX vs. PSCZX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Saratoga Small Capitalization Portfolio (SSCPX) and PGIM Jennison Small Company Fund Class Z (PSCZX). 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.

	SSCPX	PSCZX	Difference
Sharpe ratio Return per unit of total volatility	1.86	1.66	+0.20
Sortino ratio Return per unit of downside risk	2.60	2.47	+0.13
Omega ratio Gain probability vs. loss probability	1.32	1.29	+0.02
Calmar ratio Return relative to maximum drawdown	3.16	2.78	+0.38
Martin ratio Return relative to average drawdown	10.76	10.97	-0.21
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

SSCPX vs. PSCZX - Sharpe Ratio Comparison

The current SSCPX Sharpe Ratio is 1.86, which is comparable to the PSCZX Sharpe Ratio of 1.66. The chart below compares the historical Sharpe Ratios of SSCPX and PSCZX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	SSCPX	PSCZX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.86	1.66	+0.20
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.36	0.34	+0.02
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.49	0.58	-0.09
Sharpe Ratio (All Time) Calculated using the full available price history	0.39	0.47	-0.08

Drawdowns

SSCPX vs. PSCZX - Drawdown Comparison

The maximum SSCPX drawdown since its inception was -53.65%, roughly equal to the maximum PSCZX drawdown of -56.47%. Use the drawdown chart below to compare losses from any high point for SSCPX and PSCZX.

Drawdown Indicators

	SSCPX	PSCZX	Difference
Max Drawdown Largest peak-to-trough decline	-53.65%	-56.47%	+2.82%
Max Drawdown (1Y) Largest decline over 1 year	-11.54%	-9.83%	-1.71%
Max Drawdown (3Y) Largest decline over 3 years	-27.78%	-23.25%	-4.53%
Max Drawdown (5Y) Largest decline over 5 years	-27.78%	-28.08%	+0.30%
Max Drawdown (10Y) Largest decline over 10 years	-43.59%	-47.40%	+3.81%
Current Drawdown Current decline from peak	0.00%	-0.57%	+0.57%
Average Drawdown Average peak-to-trough decline	-10.25%	-10.06%	-0.19%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.38%	2.48%	+0.90%

Volatility

SSCPX vs. PSCZX - Volatility Comparison

Saratoga Small Capitalization Portfolio (SSCPX) has a higher volatility of 5.77% compared to PGIM Jennison Small Company Fund Class Z (PSCZX) at 5.04%. This indicates that SSCPX's price experiences larger fluctuations and is considered to be riskier than PSCZX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	SSCPX	PSCZX	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.77%	5.04%	+0.73%
Volatility (6M) Calculated over the trailing 6-month period	14.57%	12.42%	+2.15%
Volatility (1Y) Calculated over the trailing 1-year period	19.63%	16.44%	+3.19%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	22.17%	20.28%	+1.89%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	22.99%	22.13%	+0.86%

SSCPX vs. PSCZX - Expense Ratio Comparison

SSCPX has a 1.70% expense ratio, which is higher than PSCZX's 0.82% expense ratio.

Dividends

SSCPX vs. PSCZX - Dividend Comparison

SSCPX's dividend yield for the trailing twelve months is around 7.43%, more than PSCZX's 6.16% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
PSCZX PGIM Jennison Small Company Fund Class Z	6.16%	6.87%	4.72%	0.50%	3.67%	31.87%	13.30%	16.41%	19.48%	7.97%	5.32%	14.40%
SSCPX Saratoga Small Capitalization Portfolio	7.43%	9.02%	11.37%	0.00%	10.18%	24.67%	0.02%	0.00%	17.42%	0.00%	0.00%	58.90%

Frequently Asked Questions

Can I hold both SSCPX and PSCZX in my portfolio?

With a correlation of 0.90, SSCPX and PSCZX move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which is riskier, SSCPX or PSCZX?

SSCPX has higher volatility (5.77%) compared to PSCZX (5.04%). In terms of maximum drawdown, SSCPX dropped -53.65% vs PSCZX's -56.47%.

Which has better risk-adjusted returns?

SSCPX currently has the higher Sharpe Ratio (1.86 vs 1.66), 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.