DGLRX vs. PGVFX

Last updated Jun 24, 2026

DGLRX (BNY Mellon Global Stock Fund) and PGVFX (Polaris Global Value Fund) are both Global Equities funds. Over the past 10 years, DGLRX returned 11.31%/yr vs 11.80%/yr for PGVFX. A 0.78 correlation means they provide meaningful diversification when combined. DGLRX charges 0.89%/yr vs 0.99%/yr for PGVFX.

Performance

DGLRX vs. PGVFX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in BNY Mellon Global Stock Fund (DGLRX) and Polaris Global Value Fund (PGVFX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, DGLRX achieves a 1.05% return, which is significantly lower than PGVFX's 21.22% return. Both investments have delivered pretty close results over the past 10 years, with DGLRX having a 11.31% annualized return and PGVFX not far ahead at 11.80%.

DGLRX

• 1D: -0.76%
• 1M: -0.41%
• YTD: 1.05%
• 6M: 0.29%
• 1Y: 5.89%
• 3Y*: 11.09%
• 5Y*: 6.65%
• 10Y*: 11.31%

PGVFX

• 1D: 0.67%
• 1M: 2.47%
• YTD: 21.22%
• 6M: 21.44%
• 1Y: 40.62%
• 3Y*: 22.15%
• 5Y*: 10.54%
• 10Y*: 11.80%

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

DGLRX vs. PGVFX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
DGLRX BNY Mellon Global Stock Fund	1.05%	8.59%	17.14%	21.48%	-19.14%	17.63%	19.50%	29.57%	-1.69%	24.22%
PGVFX Polaris Global Value Fund	21.22%	27.01%	5.33%	14.76%	-12.00%	15.38%	6.65%	22.83%	-12.64%	20.60%

Correlation

The correlation between DGLRX and PGVFX is 0.55, 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	0.55
Correlation (3Y) Calculated over the trailing 3-year period	0.64
Correlation (5Y) Calculated over the trailing 5-year period	0.71
Correlation (10Y) Calculated over the trailing 10-year period	0.72
Correlation (All Time) Calculated using the full available price history since Dec 29, 2006	0.78

Over the past year, the correlation between DGLRX and PGVFX has dropped to 0.55 - well below their long-term average of 0.78, suggesting their price drivers have been diverging.

Return for Risk

DGLRX vs. PGVFX — Risk / Return Rank

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

DGLRX

DGLRX Risk / Return Rank: 7
DGLRX Sharpe Ratio Rank: 7
DGLRX Sortino Ratio Rank: 7
DGLRX Omega Ratio Rank: 7
DGLRX Calmar Ratio Rank: 7
DGLRX Martin Ratio Rank: 8

PGVFX

PGVFX Risk / Return Rank: 93
PGVFX Sharpe Ratio Rank: 97
PGVFX Sortino Ratio Rank: 95
PGVFX Omega Ratio Rank: 91
PGVFX Calmar Ratio Rank: 92
PGVFX Martin Ratio Rank: 90

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.

DGLRX vs. PGVFX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for BNY Mellon Global Stock Fund (DGLRX) and Polaris Global Value Fund (PGVFX). 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.

	DGLRX	PGVFX	Difference
Sharpe ratio: Return per unit of total volatility	0.55	3.35	-2.79
Sortino ratio: Return per unit of downside risk	0.85	4.63	-3.78
Omega ratio: Gain probability vs. loss probability	1.10	1.63	-0.53
Calmar ratio: Return relative to maximum drawdown	0.63	4.68	-4.05
Martin ratio: Return relative to average drawdown	2.02	16.84	-14.82

DGLRX vs. PGVFX - Sharpe Ratio Comparison

The current DGLRX Sharpe Ratio is 0.55, which is lower than the PGVFX Sharpe Ratio of 3.35. The chart below compares the historical Sharpe Ratios of DGLRX and PGVFX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

DGLRX vs. PGVFX - Drawdown Comparison

The maximum DGLRX drawdown since its inception was -43.83%, smaller than the maximum PGVFX drawdown of -68.09%. Use the drawdown chart below to compare losses from any high point for DGLRX and PGVFX.

Drawdown Indicators

	DGLRX	PGVFX	Difference
Max Drawdown Largest peak-to-trough decline	-43.83%	-68.09%	+24.26%
Max Drawdown (1Y) Largest decline over 1 year	-11.27%	-8.76%	-2.51%
Max Drawdown (3Y) Largest decline over 3 years	-16.00%	-12.53%	-3.47%
Max Drawdown (5Y) Largest decline over 5 years	-29.20%	-27.58%	-1.62%
Max Drawdown (10Y) Largest decline over 10 years	-29.20%	-41.26%	+12.06%
Current Drawdown Current decline from peak	-2.90%	0.00%	-2.90%
Average Drawdown Average peak-to-trough decline	-5.95%	-11.28%	+5.33%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.48%	2.43%	+1.05%

Volatility

DGLRX vs. PGVFX - Volatility Comparison

BNY Mellon Global Stock Fund (DGLRX) and Polaris Global Value Fund (PGVFX) have volatilities of 4.39% and 4.22%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	DGLRX	PGVFX	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.39%	4.22%	+0.17%
Volatility (6M) Calculated over the trailing 6-month period	10.21%	10.16%	+0.05%
Volatility (1Y) Calculated over the trailing 1-year period	12.79%	12.27%	+0.52%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.59%	13.86%	+2.73%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.66%	15.86%	+0.80%

DGLRX vs. PGVFX - Expense Ratio Comparison

DGLRX has a 0.89% expense ratio, which is lower than PGVFX's 0.99% expense ratio.

Dividends

DGLRX vs. PGVFX - Dividend Comparison

DGLRX's dividend yield for the trailing twelve months is around 30.69%, more than PGVFX's 4.27% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
DGLRX BNY Mellon Global Stock Fund	30.69%	30.57%	17.41%	17.89%	11.97%	8.65%	5.71%	5.00%	7.11%	8.01%	3.83%	6.46%
PGVFX Polaris Global Value Fund	4.27%	5.17%	5.65%	1.68%	3.55%	4.05%	1.55%	3.69%	3.39%	1.50%	1.32%	1.26%

Frequently Asked Questions

Can I hold both DGLRX and PGVFX in my portfolio?

DGLRX and PGVFX have a correlation of 0.55, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, DGLRX or PGVFX?

DGLRX has higher volatility (4.39%) compared to PGVFX (4.22%). In terms of maximum drawdown, DGLRX dropped -43.83% vs PGVFX's -68.09%.

Which has better risk-adjusted returns?

PGVFX currently has the higher Sharpe Ratio (3.35 vs 0.55), 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.