IWR vs PJFM
iShares Russell Mid-Cap ETF vs PGIM Jennison Focused Mid-Cap ETF
Which is better, IWR or PJFM?
IWR has been ahead.
IWR has a lower expense ratio. IWR led over 1Y and the full window. The two have moved almost in lockstep, correlation 0.91. IWR is less concentrated, with 7.0% of the fund in its ten largest positions against 31.4%.
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 | IWR | PJFM |
|---|---|---|
| Expense Ratio | 0.18%Best | 0.49% |
| AUM | $56.7B | $20M |
| Dividend Yield | 1.19% | 0.60% |
| Holdings | 825 | 105 |
| YTD Return | +12.13%Best | +2.69% |
| 1Y Return | +14.18%Best | +7.66% |
| 3Y Return (annualized) | +17.55% | - |
| 5Y Return (annualized) | +7.30% | - |
| Volatility (annualized) | 12.9%Best | 15.2% |
| Max Drawdown | -21.1%Best | -22.8% |
| $10,000 over 2.8 years | $14,415Best | $12,683 |
| Top 10 Weight | 7.0%Best | 31.4% |
| Fund Family | iShares by BlackRock (US) | PGIM Investments |
| Category | Equity | Equity |
| Style | Mid Cap Blend | Mid Cap Blend |
| Inception | Jul 17, 2001 | Dec 14, 2023 |
Volatility and max drawdown, and the $10,000 over 2.8 years row, are measured over the window both funds cover: Dec 19, 2023 to Oct 14, 2026 (2.8 years).
IWR vs PJFM 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 2.8 years both funds cover.
IWR vs PJFM Performance
iShares Russell Mid-Cap ETF (IWR) is an ETF from iShares by BlackRock (US) and PGIM Jennison Focused Mid-Cap ETF (PJFM) is an ETF from PGIM Investments. Over the past year IWR returned +14.18% while PJFM returned +7.66%. Year to date, IWR is up 12.13% versus a gain of 2.69% for PJFM.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
PJFM has been the more volatile fund, with annualized monthly volatility of 15.2% compared with 12.9% for IWR. 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 -21.1% for IWR and -22.8% for PJFM. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.91. They move almost in lockstep, so holding both mostly duplicates the same exposure.
Fees and Cost Over Time
IWR charges 0.18% per year while PJFM charges 0.49%. On a $10,000 position that is $18 vs $49 annually, a gap of $31 per year that compounds over a long holding period. On income, IWR currently yields 1.19% against 0.60% for PJFM.
Holdings Overlap
5.8% of IWR's money is in holdings PJFM also owns. 81.5% of PJFM's money is in holdings IWR also owns.
Most of PJFM is already inside IWR. Owning both mostly buys the same companies twice.
40 positions in common, counted across the 823 positions we hold weights for in IWR and 49 in PJFM, against full books of 825 and 105.
What only one of them owns
Our book lists 5 positions for PJFM that do not appear in our book for IWR (7.7% of the fund), and 752 for IWR that do not appear in PJFM (91.2%).
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
| Stock | Weight in IWR | Weight in PJFM | Difference |
|---|---|---|---|
| NINisource Inc. | 0.14% | 4.15% | 4.01% |
| MKLMarkel Group Inc | 0.16% | 3.90% | 3.74% |
| KEYSKeysight Technologies Inc. | 0.48% | 3.05% | 2.57% |
| CBRECbre Services Inc | 0.28% | 3.04% | 2.76% |
| LITELumentum Holdings Inc | 0.60% | 2.41% | 1.81% |
| MCHPMicrochip Technology Inc. | 0.31% | 2.70% | 2.39% |
| AXSAxis Capital Holdings Ltd. | 0.05% | 2.95% | 2.90% |
| GLPIGaming And Leisure Properties Inc | 0.08% | 2.77% | 2.69% |
| ARMKAramark Holdings | 0.11% | 2.72% | 2.61% |
| OASChord Energy Corp | 0.06% | 2.66% | 2.60% |
81.5% of PJFM is already inside IWR.
You probably hold more than these two. Add the rest and see how much of the whole book is the same companies twice.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, IWR or PJFM?
IWR has an expense ratio of 0.18% while PJFM charges 0.49%. IWR is the cheaper option, by $31 a year on a $10,000 investment.
Which performed better, IWR or PJFM?
Over the past year IWR returned +14.18% vs +7.66% for PJFM, so IWR leads on 1-year performance. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, IWR or PJFM?
PJFM has been the more volatile fund at 15.2% annualized versus 12.9% for IWR. Worst drawdown: IWR -21.1% vs PJFM -22.8%.
Should I hold both IWR and PJFM?
IWR and PJFM have a monthly-return correlation of 0.91, so they move almost identically. What is left to separate them is the fee and the index each one tracks. This is information, not a recommendation.
What is the holdings overlap between IWR and PJFM?
81.5% of PJFM's money is in holdings IWR also owns. 81.5% of PJFM's is in holdings IWR also owns. They hold 40 positions in common, counted across the 823 positions we hold weights for in IWR and 49 in PJFM.
Which pays a higher dividend, IWR or PJFM?
IWR yields 1.19% while PJFM yields 0.60%, so IWR currently pays the higher dividend yield.
Is PJFM better than IWR?
IWR has a lower expense ratio. IWR led over 1Y and the full window. The two have moved almost in lockstep, correlation 0.91. IWR is less concentrated, with 7.0% of the fund in its ten largest positions against 31.4%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.