BLCV vs PJFV
iShares Large Cap Value Active ETF vs PGIM Jennison Focused Value ETF
Which is better, BLCV or PJFV?
PJFV has been ahead.
PJFV has a lower expense ratio. PJFV led over 1Y, 3Y and the full window. PJFV is less concentrated, with 41.1% of the fund in its ten largest positions against 42.0%.
MarketXLS is not an investment adviser. This comparison is generated automatically from market data and is for information only. A Best mark means the better reading on that one measure, not a recommendation to buy.
Side-by-Side Comparison
| Metric | BLCV | PJFV |
|---|---|---|
| Expense Ratio | 0.45% | 0.33%Best |
| AUM | $347M | $183M |
| Dividend Yield | 1.30% | 0.57% |
| Holdings | 56 | 37 |
| YTD Return | +12.91% | +20.68%Best |
| 1Y Return | +20.02% | +27.75%Best |
| 3Y Return (annualized) | +19.66% | +24.90%Best |
| Volatility (annualized) | 13.5% | 12.0%Best |
| Max Drawdown | -13.4%Best | -18.1% |
| $10,000 over 3.4 years | $17,794 | $20,957Best |
| Top 10 Weight | 42.0% | 41.1%Best |
| Fund Family | BlackRock, Inc. (US) | PGIM Investments |
| Category | Equity | Equity |
| Style | Large Cap Value | Large Cap Value |
| Inception | May 19, 2023 | Dec 12, 2022 |
Not shown on this pair: 5Y Return (annualized).
Volatility and max drawdown, and the $10,000 over 3.4 years row, are measured over the window both funds cover: May 23, 2023 to Oct 14, 2026 (3.4 years).
BLCV vs PJFV growth
Month-end closes. Both lines start at 0% in the first month shown, so the gap between them is the difference in growth across that window. The full view covers the 3.4 years both funds cover.
BLCV vs PJFV Performance
iShares Large Cap Value Active ETF (BLCV) is an ETF from BlackRock, Inc. (US) and PGIM Jennison Focused Value ETF (PJFV) is an ETF from PGIM Investments. Over the past year BLCV returned +20.02% while PJFV returned +27.75%. Year to date, BLCV is up 12.91% versus a gain of 20.68% for PJFV.
Over three years, BLCV compounded at +19.66% per year against +24.90% for PJFV.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
BLCV has been the more volatile fund, with annualized monthly volatility of 13.5% compared with 12.0% for PJFV. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -13.4% for BLCV and -18.1% for PJFV. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.78. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
BLCV charges 0.45% per year while PJFV charges 0.33%. On a $10,000 position that is $45 vs $33 annually, a gap of $12 per year that compounds over a long holding period. On income, BLCV currently yields 1.30% against 0.57% for PJFV.
Holdings Overlap
29.0% of BLCV's money is in holdings PJFV also owns. 25.9% of PJFV's money is in holdings BLCV also owns.
BLCV and PJFV share little of their money.
7 positions in common, counted across the 54 positions we hold weights for in BLCV and 35 in PJFV, against full books of 56 and 37.
What only one of them owns
Our book lists 24 positions for PJFV that do not appear in our book for BLCV (63.0% of the fund), and 46 for BLCV that do not appear in PJFV (68.5%).
Some of those will be the same company recorded under a different code in one of the two books, so the real difference in what you would own is no larger than this and may be smaller. We do not name the individual positions here for that reason.
Top Shared Holdings
29.0% of BLCV is already inside PJFV.
You probably hold more than these two. Add the rest and see how much of the whole book is the same companies twice.
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Frequently Asked Questions
Which is cheaper, BLCV or PJFV?
BLCV has an expense ratio of 0.45% while PJFV charges 0.33%. PJFV is the cheaper option, by $12 a year on a $10,000 investment.
Which performed better, BLCV or PJFV?
Over the past year BLCV returned +20.02% vs +27.75% for PJFV, so PJFV leads on 1-year performance. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, BLCV or PJFV?
BLCV has been the more volatile fund at 13.5% annualized versus 12.0% for PJFV. Worst drawdown: BLCV -13.4% vs PJFV -18.1%.
Should I hold both BLCV and PJFV?
BLCV and PJFV have a monthly-return correlation of 0.78, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
What is the holdings overlap between BLCV and PJFV?
29.0% of BLCV's money is in holdings PJFV also owns. 25.9% of PJFV's is in holdings BLCV also owns. They hold 7 positions in common, counted across the 54 positions we hold weights for in BLCV and 35 in PJFV.
Which pays a higher dividend, BLCV or PJFV?
BLCV yields 1.30% while PJFV yields 0.57%, so BLCV currently pays the higher dividend yield.
Is PJFV better than BLCV?
PJFV has a lower expense ratio. PJFV led over 1Y, 3Y and the full window. PJFV is less concentrated, with 41.1% of the fund in its ten largest positions against 42.0%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.