BPAVX vs. BPGIX

Last updated Jun 3, 2026

BPAVX (Boston Partners All Cap Value Fund) and BPGIX (Boston Partners Global Equity Fund) are both mutual funds - BPAVX is a Large Cap Value Equities fund managed by Boston Partners, while BPGIX is a Global Equities fund managed by Boston Partners. Over the past 10 years, BPAVX returned 11.34%/yr vs 10.71%/yr for BPGIX. Their correlation of 0.91 suggests significant overlap in exposure. BPAVX charges 1.05%/yr vs 0.95%/yr for BPGIX.

Performance

BPAVX vs. BPGIX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Boston Partners All Cap Value Fund (BPAVX) and Boston Partners Global Equity Fund (BPGIX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, BPAVX achieves a 9.55% return, which is significantly higher than BPGIX's 5.55% return. Over the past 10 years, BPAVX has outperformed BPGIX with an annualized return of 11.34%, while BPGIX has yielded a comparatively lower 10.71% annualized return.

BPAVX

• 1D: 0.68%
• 1M: 4.71%
• YTD: 9.55%
• 6M: 12.02%
• 1Y: 24.02%
• 3Y*: 16.48%
• 5Y*: 9.71%
• 10Y*: 11.34%

BPGIX

• 1D: 0.00%
• 1M: 1.32%
• YTD: 5.55%
• 6M: 8.03%
• 1Y: 19.48%
• 3Y*: 18.89%
• 5Y*: 10.85%
• 10Y*: 10.71%

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

BPAVX vs. BPGIX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
BPAVX Boston Partners All Cap Value Fund	9.55%	17.17%	9.66%	12.25%	-2.63%	25.22%	3.85%	27.58%	-12.09%	17.60%
BPGIX Boston Partners Global Equity Fund	5.55%	33.90%	7.20%	14.13%	-3.07%	21.74%	3.26%	18.79%	-13.16%	20.36%

Correlation

The correlation between BPAVX and BPGIX is 0.83, 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	0.83
Correlation (3Y) Calculated over the trailing 3-year period	0.83
Correlation (5Y) Calculated over the trailing 5-year period	0.89
Correlation (10Y) Calculated over the trailing 10-year period	0.91
Correlation (All Time) Calculated using the full available price history since Jan 3, 2012	0.91

The correlation between BPAVX and BPGIX has been stable across timeframes, ranging from 0.83 to 0.91 - a consistent structural relationship.

Return for Risk

BPAVX vs. BPGIX — Risk / Return Rank

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

BPAVX

BPAVX Risk / Return Rank: 45
BPAVX Sharpe Ratio Rank: 46
BPAVX Sortino Ratio Rank: 45
BPAVX Omega Ratio Rank: 44
BPAVX Calmar Ratio Rank: 44
BPAVX Martin Ratio Rank: 48

BPGIX

BPGIX Risk / Return Rank: 31
BPGIX Sharpe Ratio Rank: 31
BPGIX Sortino Ratio Rank: 31
BPGIX Omega Ratio Rank: 31
BPGIX Calmar Ratio Rank: 31
BPGIX Martin Ratio Rank: 32

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.

BPAVX vs. BPGIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Boston Partners All Cap Value Fund (BPAVX) and Boston Partners Global Equity Fund (BPGIX). 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.

	BPAVX	BPGIX	Difference
Sharpe ratio Return per unit of total volatility	2.01	1.61	+0.40
Sortino ratio Return per unit of downside risk	2.85	2.35	+0.49
Omega ratio Gain probability vs. loss probability	1.36	1.29	+0.07
Calmar ratio Return relative to maximum drawdown	2.55	2.11	+0.44
Martin ratio Return relative to average drawdown	10.07	7.43	+2.64
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

BPAVX vs. BPGIX - Sharpe Ratio Comparison

The current BPAVX Sharpe Ratio is 2.01, which is comparable to the BPGIX Sharpe Ratio of 1.61. The chart below compares the historical Sharpe Ratios of BPAVX and BPGIX, 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

	BPAVX	BPGIX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.01	1.61	+0.40
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.64	0.71	-0.08
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.62	0.61	+0.01
Sharpe Ratio (All Time) Calculated using the full available price history	0.59	0.70	-0.11

Drawdowns

BPAVX vs. BPGIX - Drawdown Comparison

The maximum BPAVX drawdown since its inception was -49.62%, which is greater than BPGIX's maximum drawdown of -41.87%. Use the drawdown chart below to compare losses from any high point for BPAVX and BPGIX.

Drawdown Indicators

	BPAVX	BPGIX	Difference
Max Drawdown Largest peak-to-trough decline	-49.62%	-41.87%	-7.75%
Max Drawdown (1Y) Largest decline over 1 year	-9.40%	-9.64%	+0.24%
Max Drawdown (3Y) Largest decline over 3 years	-14.21%	-12.43%	-1.78%
Max Drawdown (5Y) Largest decline over 5 years	-17.42%	-22.49%	+5.07%
Max Drawdown (10Y) Largest decline over 10 years	-40.64%	-41.87%	+1.23%
Current Drawdown Current decline from peak	0.00%	-2.07%	+2.07%
Average Drawdown Average peak-to-trough decline	-5.70%	-5.07%	-0.63%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.38%	2.74%	-0.36%

Volatility

BPAVX vs. BPGIX - Volatility Comparison

The current volatility for Boston Partners All Cap Value Fund (BPAVX) is 2.81%, while Boston Partners Global Equity Fund (BPGIX) has a volatility of 3.62%. This indicates that BPAVX experiences smaller price fluctuations and is considered to be less risky than BPGIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	BPAVX	BPGIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.81%	3.62%	-0.81%
Volatility (6M) Calculated over the trailing 6-month period	9.07%	9.80%	-0.73%
Volatility (1Y) Calculated over the trailing 1-year period	11.97%	12.65%	-0.68%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.34%	15.30%	+0.04%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.33%	17.48%	+0.85%

BPAVX vs. BPGIX - Expense Ratio Comparison

BPAVX has a 1.05% expense ratio, which is higher than BPGIX's 0.95% expense ratio.

Dividends

BPAVX vs. BPGIX - Dividend Comparison

BPAVX's dividend yield for the trailing twelve months is around 8.42%, less than BPGIX's 9.56% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
BPAVX Boston Partners All Cap Value Fund	8.42%	9.22%	10.23%	10.94%	8.42%	5.21%	1.42%	2.34%	6.38%	4.11%	3.70%	6.44%
BPGIX Boston Partners Global Equity Fund	9.56%	10.09%	5.24%	1.94%	1.51%	1.74%	1.98%	1.42%	8.73%	2.03%	1.91%	0.73%

Frequently Asked Questions

Can I hold both BPAVX and BPGIX in my portfolio?

BPAVX and BPGIX have a correlation of 0.83, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, BPAVX or BPGIX?

BPGIX has higher volatility (3.62%) compared to BPAVX (2.81%). In terms of maximum drawdown, BPAVX dropped -49.62% vs BPGIX's -41.87%.

Which has better risk-adjusted returns?

BPAVX currently has the higher Sharpe Ratio (2.01 vs 1.61), 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.