PJFV vs VMAX
PGIM Jennison Focused Value ETF vs Hartford US Value ETF
Which is better, PJFV or VMAX?
PJFV has been ahead.
VMAX has a lower expense ratio. PJFV led over 1Y and the full window. VMAX is less concentrated, with 19.0% of the fund in its ten largest positions against 41.1%.
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 | PJFV | VMAX |
|---|---|---|
| Expense Ratio | 0.33% | 0.29%Best |
| AUM | $183M | $3M |
| Dividend Yield | 0.57% | 2.17% |
| Holdings | 37 | 127 |
| YTD Return | +20.68%Best | +16.66% |
| 1Y Return | +27.75%Best | +21.02% |
| 3Y Return (annualized) | +24.90% | - |
| Volatility (annualized) | 11.5%Best | 12.2% |
| Max Drawdown | -18.1%Best | -19.1% |
| $10,000 over 2.9 years | $19,336Best | $16,927 |
| Top 10 Weight | 41.1% | 19.0%Best |
| Fund Family | PGIM Investments | Hartford Funds |
| Category | Equity | Equity |
| Style | Large Cap Value | Large Cap Value |
| Inception | Dec 12, 2022 | Dec 5, 2023 |
Not shown on this pair: 5Y Return (annualized).
Volatility and max drawdown, and the $10,000 over 2.9 years row, are measured over the window both funds cover: Dec 6, 2023 to Oct 14, 2026 (2.9 years).
PJFV vs VMAX 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 2.9 years both funds cover.
PJFV vs VMAX Performance
PGIM Jennison Focused Value ETF (PJFV) is an ETF from PGIM Investments and Hartford US Value ETF (VMAX) is an ETF from Hartford Funds. Over the past year PJFV returned +27.75% while VMAX returned +21.02%. Year to date, PJFV is up 20.68% versus a gain of 16.66% for VMAX.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
VMAX has been the more volatile fund, with annualized monthly volatility of 12.2% compared with 11.5% 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 -18.1% for PJFV and -19.1% for VMAX. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.89. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
PJFV charges 0.33% per year while VMAX charges 0.29%. On a $10,000 position that is $33 vs $29 annually, a gap of $4 per year that compounds over a long holding period. On income, PJFV currently yields 0.57% against 2.17% for VMAX.
Holdings Overlap
52.6% of PJFV's money is in holdings VMAX also owns. 13.7% of VMAX's money is in holdings PJFV also owns.
The two portfolios partly overlap.
16 positions in common, counted across the 35 positions we hold weights for in PJFV and 125 in VMAX, against full books of 37 and 127.
What only one of them owns
Our book lists 106 positions for VMAX that do not appear in our book for PJFV (85.0% of the fund), and 15 for PJFV that do not appear in VMAX (36.3%).
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 PJFV | Weight in VMAX | Difference |
|---|---|---|---|
| AAPLApple, Inc | 5.66% | 1.32% | 4.34% |
| MSFTMicrosoft Corp | 6.30% | 0.31% | 5.99% |
| AMZNAmazon.Com Inc | 4.67% | 0.59% | 4.08% |
| JPMJpmorgan Chase | 4.28% | 0.97% | 3.31% |
| XOMExxonmobil Corp. | 4.01% | 1.06% | 2.95% |
| GOOGLAlphabet Inc | 3.03% | 1.61% | 1.42% |
| METAMeta Platforms Inc | 2.38% | 1.98% | 0.40% |
| WMTWalmart, Inc. | 3.41% | 0.59% | 2.82% |
| LLYEli Lilly & Co. | 2.81% | 1.04% | 1.77% |
| WFCWells Fargo & Co. | 2.69% | 1.05% | 1.64% |
52.6% of PJFV is already inside VMAX.
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, PJFV or VMAX?
PJFV has an expense ratio of 0.33% while VMAX charges 0.29%. VMAX is the cheaper option, by $4 a year on a $10,000 investment.
Which performed better, PJFV or VMAX?
Over the past year PJFV returned +27.75% vs +21.02% for VMAX, so PJFV leads on 1-year performance. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, PJFV or VMAX?
VMAX has been the more volatile fund at 12.2% annualized versus 11.5% for PJFV. Worst drawdown: PJFV -18.1% vs VMAX -19.1%.
Should I hold both PJFV and VMAX?
PJFV and VMAX have a monthly-return correlation of 0.89, 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 PJFV and VMAX?
52.6% of PJFV's money is in holdings VMAX also owns. 13.7% of VMAX's is in holdings PJFV also owns. They hold 16 positions in common, counted across the 35 positions we hold weights for in PJFV and 125 in VMAX.
Which pays a higher dividend, PJFV or VMAX?
PJFV yields 0.57% while VMAX yields 2.17%, so VMAX currently pays the higher dividend yield.
Is VMAX better than PJFV?
VMAX has a lower expense ratio. PJFV led over 1Y and the full window. VMAX is less concentrated, with 19.0% of the fund in its ten largest positions against 41.1%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.