CVFCX vs. PIGFX
CVFCX (Pioneer Disciplined Value Fund) and PIGFX (Pioneer Fundamental Growth Fund) are both mutual funds - CVFCX is a Large Cap Value Equities fund managed by Amundi, while PIGFX is a Large Cap Growth Equities fund managed by Amundi. Over the past 10 years, CVFCX returned 11.37%/yr vs 14.88%/yr for PIGFX. Their correlation of 0.81 suggests significant overlap in exposure. CVFCX charges 0.91%/yr vs 1.00%/yr for PIGFX.
Performance
CVFCX vs. PIGFX - Performance Comparison
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Returns By Period
In the year-to-date period, CVFCX achieves a 7.31% return, which is significantly higher than PIGFX's 3.43% return. Over the past 10 years, CVFCX has underperformed PIGFX with an annualized return of 11.37%, while PIGFX has yielded a comparatively higher 14.88% annualized return.
CVFCX
- 1D
- 0.52%
- 1M
- 0.40%
- YTD
- 7.31%
- 6M
- 6.72%
- 1Y
- 21.09%
- 3Y*
- 14.64%
- 5Y*
- 8.97%
- 10Y*
- 11.37%
PIGFX
- 1D
- -0.53%
- 1M
- -0.06%
- YTD
- 3.43%
- 6M
- 2.74%
- 1Y
- 14.30%
- 3Y*
- 16.48%
- 5Y*
- 10.19%
- 10Y*
- 14.88%
CVFCX vs. PIGFX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
CVFCX Pioneer Disciplined Value Fund | 7.31% | 17.37% | 12.11% | 8.19% | -9.69% | 27.72% | 5.64% | 29.54% | -13.17% | 21.67% |
PIGFX Pioneer Fundamental Growth Fund | 3.43% | 14.20% | 17.46% | 32.80% | -20.79% | 23.80% | 27.20% | 33.88% | -0.64% | 22.58% |
Correlation
The correlation between CVFCX and PIGFX is 0.53, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.53 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.56 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.67 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.70 |
Correlation (All Time) Calculated using the full available price history since Aug 22, 2002 | 0.81 |
Over the past year, the correlation between CVFCX and PIGFX has dropped to 0.53 - well below their long-term average of 0.81, suggesting their price drivers have been diverging.
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Return for Risk
CVFCX vs. PIGFX — Risk / Return Rank
CVFCX
PIGFX
CVFCX vs. PIGFX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Pioneer Disciplined Value Fund (CVFCX) and Pioneer Fundamental Growth Fund (PIGFX). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| CVFCX | PIGFX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.87 | ||
| Sortino ratioReturn per unit of downside risk | +1.26 | ||
| Omega ratioGain probability vs. loss probability | 1.33 | 1.19 | +0.15 |
| Calmar ratioReturn relative to maximum drawdown | 2.76 | 1.07 | +1.69 |
| Martin ratioReturn relative to average drawdown | 8.63 | 3.52 | +5.11 |
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Drawdowns
CVFCX vs. PIGFX - Drawdown Comparison
The maximum CVFCX drawdown since its inception was -55.99%, which is greater than PIGFX's maximum drawdown of -44.04%. Use the drawdown chart below to compare losses from any high point for CVFCX and PIGFX.
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Drawdown Indicators
| CVFCX | PIGFX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -55.99% | -44.04% | -11.95% |
Max Drawdown (1Y)Largest decline over 1 year | -8.13% | -14.32% | +6.19% |
Max Drawdown (3Y)Largest decline over 3 years | -16.88% | -19.99% | +3.11% |
Max Drawdown (5Y)Largest decline over 5 years | -24.19% | -27.12% | +2.93% |
Max Drawdown (10Y)Largest decline over 10 years | -35.32% | -31.47% | -3.85% |
Current DrawdownCurrent decline from peak | -1.30% | -1.76% | +0.46% |
Average DrawdownAverage peak-to-trough decline | -10.61% | -6.37% | -4.24% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.59% | 4.34% | -1.75% |
Volatility
CVFCX vs. PIGFX - Volatility Comparison
The current volatility for Pioneer Disciplined Value Fund (CVFCX) is 3.36%, while Pioneer Fundamental Growth Fund (PIGFX) has a volatility of 5.23%. This indicates that CVFCX experiences smaller price fluctuations and is considered to be less risky than PIGFX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CVFCX | PIGFX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.36% | 5.23% | -1.87% |
Volatility (6M)Calculated over the trailing 6-month period | 8.37% | 11.64% | -3.27% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.70% | 14.71% | -3.01% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.90% | 18.81% | -2.91% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.84% | 18.96% | -1.12% |
CVFCX vs. PIGFX - Expense Ratio Comparison
CVFCX has a 0.91% expense ratio, which is lower than PIGFX's 1.00% expense ratio.
Dividends
CVFCX vs. PIGFX - Dividend Comparison
CVFCX's dividend yield for the trailing twelve months is around 5.45%, less than PIGFX's 18.55% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CVFCX Pioneer Disciplined Value Fund | 5.45% | 5.85% | 4.65% | 2.14% | 12.02% | 23.77% | 1.25% | 1.20% | 18.94% | 15.22% | 0.95% | 25.02% |
PIGFX Pioneer Fundamental Growth Fund | 18.55% | 19.18% | 5.75% | 3.41% | 4.39% | 20.14% | 9.08% | 5.43% | 6.07% | 4.66% | 2.19% | 4.40% |
Frequently Asked Questions
CVFCX and PIGFX have a correlation of 0.53, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
PIGFX has higher volatility (5.23%) compared to CVFCX (3.36%). In terms of maximum drawdown, CVFCX dropped -55.99% vs PIGFX's -44.04%.
CVFCX currently has the higher Sharpe Ratio (1.92 vs 1.04), 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.
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