FFGX vs PJIO: Grades, Fees and Holdings Compared

Fidelity Fundamental Global ex-U.S. ETF

FFGXBCboe

PGIM Jennison International Opportunities ETF

PJIOFNYSE Arca

Overlap

12.9%by weight

Expense ratio

PJIO −0.01pt a year

FFGX0.55%PJIO0.54%

Avg volume · 30D

FFGX 1.02×the volume

FFGX12.5KPJIO12.2K

FFGX vs PJIO Performance

Oct 31, 2025 – Oct 30, 2026

+5.3%FFGX−9.6%PJIO

Expense ratio: FFGX 0.55%; PJIO 0.54%, better
Fund size: FFGX $54M; PJIO $59M
1Y total return: FFGX +5.3%, better; PJIO −9.6%
Yield (12M): FFGX 1.80%, better; PJIO 0.20%
Holdings: FFGX 186; PJIO 37
Avg volume (30D): FFGX 12.5K sh, better; PJIO 12.2K sh
NAV per share: FFGX $32.02; PJIO $59.67
52W range

ETF.net Grade

Pillar letters and Scores for FFGX, PJIO, with each pillar’s weight
Pillar	FFGX	PJIO
Cost30% weight	C50	A76Higher
Mission25% weight	Not scored	Not scored
Risk15% weight	B58Higher	F23
Tradability15% weight	A72Higher	B55
Holdings10% weight	A88Higher	D30
Durability5% weight	B56	B58Higher

Rank among International Active Growth funds

How we build Categories ›

Same Category. FFGX and PJIO are both graded against the same 14 International Active Growth funds, so their Grades compare head to head.

International Active Growth⁠

Category · 14 funds

See all 14 ›

FFGX ranks 2nd and PJIO 5th of 14 funds in the International Active Growth Category.

Rank 1BCGXUCapital Group International Focus Equity ETFScore 66
Rank 2BFFGXFidelity Fundamental Global ex-U.S. ETFScore 61
Rank 3BJIGJPMorgan International Growth ETFScore 57
Rank 5BFFDIFidelity Fundamental Developed International ETFScore 53
Rank 5FPJIOPGIM Jennison International Opportunities ETFScore 53
Rank 8CLOEVHarding Loevner International Developed Markets Select Equity ETFScore 45

Our read on each fund

ETF.net Research

FFGXBFidelity Fundamental Global ex-U.S. ETF

PJIOFPGIM Jennison International Opportunities ETF

In short

FFGX No data

PJIO Jennison's concentrated international growth playbook, in an ETF: a compact book of non-U.S. stocks picked one at a time. PGIM has announced a rename and a fee cut to 0.54%, so read the current prospectus.

Stated mandate

FFGX No data

PJIO Seeks long-term growth of capital by investing primarily in non-U.S. companies, including issuers in emerging and frontier markets, using fundamental research and systematic portfolio construction.

Why people hold it

FFGX No data

PJIO Real stock picking, not index-hugging: a non-diversified, high-conviction growth portfolio from Jennison Associates, which PGIM says has run equity strategies for over 50 years.pgim.com
The mandate reaches past the usual developed-market blue chips into emerging and frontier issuers, measured against the MSCI ACWI ex USA Index.
PGIM has announced an expense ratio cut to 0.54%, level with the cheapest active international growth funds in its peer set (CGXU at 0.54%, JIG at 0.55%).pgim.com

Worth knowing

FFGX No data

PJIO PGIM has announced a repositioning and rename to the PGIM Jennison Focused International Equity ETF, so the strategy described today may not match the one after the change.pgim.com
Non-diversified by design: a slip in one big holding lands harder than it would in a broad index fund, and growth styles can sit out of favor for long stretches.pgim.com
Small and lightly traded, so bid-ask spreads carry more weight here than at a mega-fund. Limit orders are the standard tool for that.

Full FFGX profile⁠

Full PJIO profile⁠

FFGX vs PJIO Holdings

How FFGX and PJIO differ

Overlap by weight

12.9%

Shared holdings make up 48.7% of PJIO and 12.9% of FFGX.

Level by level

Holdings13 in both12.9%
Sector11 Sectors64.2%
Countryby domicile64.9%
Asset classEquity100%

Sector

Sector weights in FFGX and PJIO, widest gap first
Sector	More in FFGXMore in PJIO	FFGX	PJIO
Financials	FFGX +22.1 points	24.8%	2.7%
Technology	PJIO +16.1 points	25.3%	41.4%
Industrials	PJIO +7.1 points	19.3%	26.4%
Materials	FFGX +7.1 points	7.1%	0.0%
Consumer Discretionary	PJIO +5.3 points	6.5%	11.8%
Health Care	PJIO +4.5 points	4.2%	8.7%
Energy	FFGX +4.1 points	4.1%	0.0%
Communication	PJIO +2.9 points	3.2%	6.1%
Utilities	FFGX +1.6 points	1.6%	0.0%
Consumer Staples	FFGX +0.7 points	3.7%	3.0%
Real Estate	FFGX +0.1 points	0.1%	0.0%

Country, concentration and asset class

Country by domicile

Country weights in FFGX and PJIO, widest gap first
Country	More in FFGXMore in PJIO	FFGX	PJIO
United States	PJIO +9.2 points	1.0%	10.2%
Netherlands	PJIO +7.6 points	3.5%	11.1%
Taiwan	PJIO +6.9 points	10.9%	17.8%
China	FFGX +6.4 points	6.4%	0.0%
Switzerland	PJIO +6.2 points	4.8%	11.0%
Japan	FFGX +5.1 points	12.9%	7.8%
India	FFGX +4.0 points	4.0%	0.0%
France	PJIO +3.1 points	4.9%	8.0%
Other countries (24)	FFGX +17.7 points	51.7%	34.0%

Outside the US: FFGX 65% developed, 35% emerging. PJIO 72% developed, 28% emerging.

Concentration

Weight in the 10 largest Holdings

FFGX24.5%
PJIO52.6%

Securities held

FFGX179
PJIO26

Asset class

FFGX: Equity
PJIO: Equity

Holdings

Only in FFGX166
In both13
Only in PJIO13

Only in FFGX

166 securities, 86.9% of FFGX by weight

Taiwan Semiconductor Mfg Co Lt7.64%
Sk Hynix Inc2.04%
Tencent Holdings Ltd1.63%
Franco-Nevada Corp (Cana)1.60%
Banco Santander SA (Spain)1.45%
Schneider Electric SE1.44%
Canadian Natl Resources Ltd1.44%
Investor Ab Ser B1.38%
Caixabank SA1.33%
Air Liquide SA1.29%
Sumitomo Mitsui Finl Group Inc1.27%
Bae Systems PLC1.27%
Unicredit Spa1.24%
Mitsubishi Ufj Finl Grp Inc1.23%
Imperial Oil Ltd1.17%
Roche Holding AG1.15%
Hitachi Ltd1.07%
Zurich Insurance Group AG1.07%
British American Tob PLC Adr1.07%
Shell PLC1.04%
Media Tek Inc1.03%
Ubs Group AG1.01%
Mitsubishi Heavy Inds Ltd0.98%
Compass Group PLC0.95%
Siemens AG (Regd)0.92%
Natwest Group PLC0.89%
Icici Bank Ltd Spons Adr0.87%
Itochu Corp0.86%
Holcim Ltd0.85%
Larsen & Toubro Ltd0.85%
China Construction Bank Corp H0.84%
Dsv A/S0.82%
Hdfc Bank Ltd Spon Adr0.82%
Panasonic Holdings Corp0.78%
Credicorp Ltd (Usa)0.77%
Siemens Energy AG0.76%
Assa Abloy Ab Ser B0.74%
Lloyds Banking Group PLC0.70%
Tokio Marine Holdings Inc0.70%
Kbc Groupe SA0.69%
Diploma PLC0.68%
Hoya Corp0.66%
Kingspan Group PLC (Irel)0.62%
Indutrade Ab0.62%
Al Rajhi Banking &INVEST Corp0.62%
Rio Tinto PLC (Regd)0.61%
Abu Dhabi Commercial Bank0.59%
Antofagasta PLC0.59%
Celestica Inc0.57%
Iberdrola SA0.57%

Only in PJIO

13 securities, 48.2% of PJIO by weight

Taiwan Semiconductor Manufacturing Co Ltd11.24%
Galderma Group AG4.98%
Argenx SE4.51%
Abb Ltd3.55%
L'oreal SA3.51%
Liberty Media Corp3.34%
Saab Ab3.25%
Brunello Cucinelli Spa3.01%
Embraer SA3.01%
Fujikura Ltd2.80%
Sartorius AG2.80%
Nebius Group NV2.21%
Net Current Assets<0.01%

Weight gaps

All 13 Holdings in both funds, largest gap first.

Holding weights in FFGX and PJIO, widest gap first
Holding	More in FFGXMore in PJIO	FFGX	PJIO
Asml Hldg NV (Ny Reg Shs) NewASML	PJIO +4.70 points	2.83%	7.53%
Safran SA	PJIO +3.33 points	1.05%	4.38%
Inditex SA	PJIO +3.11 points	0.07%	3.18%
Rolls-Royce Holdings PLCRR.L	PJIO +3.00 points	1.50%	4.50%
Advantest Corp	PJIO +2.90 points	1.29%	4.19%
Asm International NV (Neth)	PJIO +2.81 points	0.56%	3.37%
Shopify Inc Class A	PJIO +2.78 points	0.67%	3.45%
Intercontinental Hotels Gp PLCIHG.L	PJIO +2.64 points	0.71%	3.35%
Elite Material Co Ltd	PJIO +2.61 points	0.26%	2.87%
Delta Electronics Ind Co Ltd	PJIO +2.33 points	0.41%	2.74%
Standard Chartered PLC (Uk)STAN.L	PJIO +2.32 points	0.27%	2.59%
Richemont Cie Financiere SA A	PJIO +1.94 points	0.32%	2.26%
Samsung Electronics Co Ltd	PJIO +1.28 points	2.97%	4.25%

All 206 FFGX holdings⁠All PJIO holdings⁠

How we measure overlap

Each holding counts at its smaller weight in the two funds, summed over the full Holdings. Sector, country and asset class use the same rule on each fund’s split. Cash, FX and derivative lines stay out of the counts. Two bond funds get no overlap figure.

FFGX vs PJIO Cost

Overpaying FFGX vs PJIO

$184

On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.

FFGX 0.55%
$10,904
PJIO 0.54%
$10,720

Amount$10,000

Years30 years

Cost over time

FFGX 0.55%
PJIO 0.54%
Overpaying

Year by year

Year	FFGX	PJIO	Overpaying
10	$988	$971	$17
20	$3,790	$3,724	$66
30	$10,904	$10,720	$184

Expense ratio

0.55%FFGX
0.54%PJIO, cheaper

PJIO0.54%FFGX0.55%

0.23%0.72%

Middle half of International Active Growth funds
Median 0.55%

PJIO 3rd cheapest of 14 funds

FFGX 6th cheapest of 14 funds

FFGX vs PJIO Dividends

Last 12 months to Oct 30, 2026

Yield (12M): FFGX 1.80%, better; PJIO 0.20%
Payout (12M): FFGX $0.57; PJIO $0.12
Last payment: FFGX $0.10; PJIO $0.12
Ex-dividend: FFGX Sep 18, 2026; PJIO Dec 30, 2025
Paid on: FFGX Sep 22, 2026; PJIO Jan 2, 2026
Frequency: FFGX Quarterly; PJIO Irregular

Distribution history

Per share, 2024 to 2026, same scale for both

FFGXQuarterly · 9 paymentsAll FFGX payments⁠

PJIOIrregular · 2 paymentsAll PJIO payments⁠

FFGX vs PJIO Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years: FFGX 14.3%since Dec 2024PJIO 18.9%since Jan 2024
Return per unit of riskSharpe ratio, 3 years: FFGX 0.73since Dec 2024PJIO 0.13since Jan 2024
Worst fallMax drawdown, 5 years: FFGX −14.8%since Nov 2024PJIO −19.4%since Dec 2023
Market sensitivityBeta, 5 years: FFGX 0.77PJIO 1.12; Market = 1

FFGX and PJIO in the news

All news⁠

New ETFs
PGIM lists two more Jennison core ETFs after a May launch that still holds $7 million
Sep 8, 2026PJIO

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FFGX vs PJIO

In short

Stated mandate

Why people hold it

Worth knowing

How FFGX and PJIO differ

Level by level

Sector

Country, concentration and asset class

Country by domicile

Concentration

Asset class

Holdings

Only in FFGX

Only in PJIO

Weight gaps

Cost over time

Year by year

Distribution history

Fall from peak · 5 years

Risk facts

PGIM lists two more Jennison core ETFs after a May launch that still holds $7 million

How FFGX and PJIO differ

Level by level

Sector

Country, concentration and asset class

Country by domicile

Concentration

Asset class

Holdings

Only in FFGX

Only in PJIO

Weight gaps