GCEYX vs. PGVFX
GCEYX (AB Global Core Equity Portfolio) and PGVFX (Polaris Global Value Fund) are both Global Equities funds. Over the past 10 years, GCEYX returned 8.84%/yr vs 11.42%/yr for PGVFX. A 0.80 correlation means they provide meaningful diversification when combined. GCEYX charges 0.79%/yr vs 0.99%/yr for PGVFX.
Performance
GCEYX vs. PGVFX - Performance Comparison
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Returns By Period
In the year-to-date period, GCEYX achieves a 5.13% return, which is significantly lower than PGVFX's 20.44% return. Over the past 10 years, GCEYX has underperformed PGVFX with an annualized return of 8.84%, while PGVFX has yielded a comparatively higher 11.42% annualized return.
GCEYX
- 1D
- 0.22%
- 1M
- -0.11%
- 6M
- 1.88%
- YTD
- 5.13%
- 1Y
- -3.25%
- 3Y*
- 8.91%
- 5Y*
- 2.73%
- 10Y*
- 8.84%
PGVFX
- 1D
- 0.42%
- 1M
- 1.22%
- 6M
- 17.42%
- YTD
- 20.44%
- 1Y
- 33.90%
- 3Y*
- 21.08%
- 5Y*
- 10.48%
- 10Y*
- 11.42%
GCEYX vs. PGVFX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
GCEYX AB Global Core Equity Portfolio | 5.13% | 4.28% | 10.11% | 19.88% | -20.16% | 14.73% | 10.35% | 27.70% | -5.12% | 25.51% |
PGVFX Polaris Global Value Fund | 20.44% | 27.01% | 5.33% | 14.76% | -12.00% | 15.38% | 6.65% | 22.83% | -12.64% | 20.60% |
Correlation
The correlation between GCEYX and PGVFX is 0.56, 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 | 0.56 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.71 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.77 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.79 |
Correlation (All Time) Calculated using the full available price history since Jan 2, 2015 | 0.80 |
Over the past year, the correlation between GCEYX and PGVFX has dropped to 0.56 - well below their long-term average of 0.80, suggesting their price drivers have been diverging.
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Return for Risk
GCEYX vs. PGVFX — Risk / Return Rank
GCEYX
PGVFX
GCEYX vs. PGVFX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for AB Global Core Equity Portfolio (GCEYX) 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.
| GCEYX | PGVFX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.85 | ||
| Sortino ratioReturn per unit of downside risk | -3.85 | ||
| Omega ratioGain probability vs. loss probability | 0.98 | 1.50 | -0.51 |
| Calmar ratioReturn relative to maximum drawdown | -0.18 | 3.78 | -3.96 |
| Martin ratioReturn relative to average drawdown | -0.45 | 13.55 | -14.00 |
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Drawdowns
GCEYX vs. PGVFX - Drawdown Comparison
The maximum GCEYX drawdown since its inception was -33.47%, smaller than the maximum PGVFX drawdown of -68.09%. Use the drawdown chart below to compare losses from any high point for GCEYX and PGVFX.
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Drawdown Indicators
| GCEYX | PGVFX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.47% | -68.09% | +34.62% |
Max Drawdown (1Y)Largest decline over 1 year | -18.35% | -8.76% | -9.59% |
Max Drawdown (3Y)Largest decline over 3 years | -18.35% | -12.53% | -5.82% |
Max Drawdown (5Y)Largest decline over 5 years | -32.17% | -27.58% | -4.59% |
Max Drawdown (10Y)Largest decline over 10 years | -33.47% | -41.26% | +7.79% |
Current DrawdownCurrent decline from peak | -6.15% | -0.97% | -5.18% |
Average DrawdownAverage peak-to-trough decline | -6.41% | -11.26% | +4.85% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.33% | 2.44% | +4.89% |
Volatility
GCEYX vs. PGVFX - Volatility Comparison
AB Global Core Equity Portfolio (GCEYX) has a higher volatility of 5.08% compared to Polaris Global Value Fund (PGVFX) at 4.51%. This indicates that GCEYX's price experiences larger fluctuations and is considered to be riskier than PGVFX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| GCEYX | PGVFX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.08% | 4.51% | +0.57% |
Volatility (6M)Calculated over the trailing 6-month period | 11.80% | 10.52% | +1.28% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.52% | 12.44% | +5.08% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.15% | 13.88% | +3.27% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.31% | 15.62% | +1.69% |
GCEYX vs. PGVFX - Expense Ratio Comparison
GCEYX has a 0.79% expense ratio, which is lower than PGVFX's 0.99% expense ratio.
Dividends
GCEYX vs. PGVFX - Dividend Comparison
GCEYX has not paid dividends to shareholders, while PGVFX's dividend yield for the trailing twelve months is around 4.29%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GCEYX AB Global Core Equity Portfolio | 0.00% | 0.00% | 2.77% | 1.05% | 4.34% | 1.86% | 0.78% | 3.40% | 2.91% | 4.67% | 1.00% | 1.19% |
PGVFX Polaris Global Value Fund | 4.29% | 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
GCEYX and PGVFX have a correlation of 0.56, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
GCEYX has higher volatility (5.08%) compared to PGVFX (4.51%). In terms of maximum drawdown, GCEYX dropped -33.47% vs PGVFX's -68.09%.
PGVFX currently has the higher Sharpe Ratio (2.66 vs -0.19), 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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