GLOSX vs. FMIEX

Last updated Jul 16, 2026

GLOSX (Pioneer Global Sustainable Equity Fund Class A) and FMIEX (Wasatch Global Value Fund Investor Class Shares) are both Global Equities funds. Over the past 10 years, GLOSX returned 13.66%/yr vs 11.15%/yr for FMIEX. Their correlation of 0.86 suggests significant overlap in exposure. Both charge a 1.10% expense ratio.

Performance

GLOSX vs. FMIEX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Pioneer Global Sustainable Equity Fund Class A (GLOSX) and Wasatch Global Value Fund Investor Class Shares (FMIEX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

The year-to-date returns for both stocks are quite close, with GLOSX having a 14.04% return and FMIEX slightly lower at 13.76%. Over the past 10 years, GLOSX has outperformed FMIEX with an annualized return of 13.66%, while FMIEX has yielded a comparatively lower 11.15% annualized return.

GLOSX

• 1D: -0.08%
• 1M: -1.43%
• 6M: 10.03%
• YTD: 14.04%
• 1Y: 32.22%
• 3Y*: 23.32%
• 5Y*: 15.17%
• 10Y*: 13.66%

FMIEX

• 1D: -0.08%
• 1M: 0.04%
• 6M: 10.19%
• YTD: 13.76%
• 1Y: 27.56%
• 3Y*: 18.80%
• 5Y*: 12.48%
• 10Y*: 11.15%

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

GLOSX vs. FMIEX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
GLOSX Pioneer Global Sustainable Equity Fund Class A	14.04%	41.25%	11.45%	16.70%	-9.75%	23.28%	17.79%	23.30%	-16.32%	21.90%
FMIEX Wasatch Global Value Fund Investor Class Shares	13.76%	30.93%	8.66%	5.67%	-0.12%	25.11%	2.04%	17.27%	-5.67%	11.21%

Correlation

The correlation between GLOSX and FMIEX is 0.67, 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	0.67
Correlation (3Y) Calculated over the trailing 3-year period	0.67
Correlation (5Y) Calculated over the trailing 5-year period	0.77
Correlation (10Y) Calculated over the trailing 10-year period	0.80
Correlation (All Time) Calculated using the full available price history since Jan 3, 2006	0.86

The correlation between GLOSX and FMIEX shifts across timeframes, from 0.67 (3 years) to 0.86 (all time), reflecting how their relationship changes across market environments.

Return for Risk

GLOSX vs. FMIEX — Risk / Return Rank

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

GLOSX

GLOSX Risk / Return Rank: 83
GLOSX Sharpe Ratio Rank: 84
GLOSX Sortino Ratio Rank: 80
GLOSX Omega Ratio Rank: 79
GLOSX Calmar Ratio Rank: 84
GLOSX Martin Ratio Rank: 85

FMIEX

FMIEX Risk / Return Rank: 92
FMIEX Sharpe Ratio Rank: 95
FMIEX Sortino Ratio Rank: 94
FMIEX Omega Ratio Rank: 87
FMIEX Calmar Ratio Rank: 91
FMIEX Martin Ratio Rank: 92

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.

GLOSX vs. FMIEX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Pioneer Global Sustainable Equity Fund Class A (GLOSX) and Wasatch Global Value Fund Investor Class Shares (FMIEX). 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.

	GLOSX	FMIEX	Difference
Sharpe ratio: Return per unit of total volatility	2.21	2.79	-0.58
Sortino ratio: Return per unit of downside risk	2.97	4.07	-1.10
Omega ratio: Gain probability vs. loss probability	1.39	1.49	-0.10
Calmar ratio: Return relative to maximum drawdown	3.10	3.79	-0.69
Martin ratio: Return relative to average drawdown	12.05	14.50	-2.45

GLOSX vs. FMIEX - Sharpe Ratio Comparison

The current GLOSX Sharpe Ratio is 2.21, which is comparable to the FMIEX Sharpe Ratio of 2.79. The chart below compares the historical Sharpe Ratios of GLOSX and FMIEX, 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

GLOSX vs. FMIEX - Drawdown Comparison

The maximum GLOSX drawdown since its inception was -54.40%, which is greater than FMIEX's maximum drawdown of -49.85%. Use the drawdown chart below to compare losses from any high point for GLOSX and FMIEX.

Drawdown Indicators

	GLOSX	FMIEX	Difference
Max Drawdown Largest peak-to-trough decline	-54.40%	-49.85%	-4.55%
Max Drawdown (1Y) Largest decline over 1 year	-10.04%	-7.04%	-3.00%
Max Drawdown (3Y) Largest decline over 3 years	-14.66%	-9.52%	-5.14%
Max Drawdown (5Y) Largest decline over 5 years	-23.72%	-18.63%	-5.09%
Max Drawdown (10Y) Largest decline over 10 years	-33.59%	-39.33%	+5.74%
Current Drawdown Current decline from peak	-1.80%	-0.75%	-1.05%
Average Drawdown Average peak-to-trough decline	-9.74%	-6.56%	-3.18%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.58%	1.84%	+0.74%

Volatility

GLOSX vs. FMIEX - Volatility Comparison

Pioneer Global Sustainable Equity Fund Class A (GLOSX) has a higher volatility of 3.97% compared to Wasatch Global Value Fund Investor Class Shares (FMIEX) at 2.85%. This indicates that GLOSX's price experiences larger fluctuations and is considered to be riskier than FMIEX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	GLOSX	FMIEX	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.97%	2.85%	+1.12%
Volatility (6M) Calculated over the trailing 6-month period	11.35%	7.55%	+3.80%
Volatility (1Y) Calculated over the trailing 1-year period	14.12%	9.57%	+4.55%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.70%	12.65%	+3.05%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.75%	15.65%	+1.10%

GLOSX vs. FMIEX - Expense Ratio Comparison

Both GLOSX and FMIEX have an expense ratio of 1.10%.

Dividends

GLOSX vs. FMIEX - Dividend Comparison

GLOSX's dividend yield for the trailing twelve months is around 10.11%, more than FMIEX's 5.03% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FMIEX Wasatch Global Value Fund Investor Class Shares	5.03%	5.76%	9.02%	3.27%	8.54%	4.34%	1.74%	3.82%	18.46%	16.45%	5.16%	11.75%
GLOSX Pioneer Global Sustainable Equity Fund Class A	10.11%	11.53%	7.73%	1.55%	6.04%	21.00%	0.87%	0.93%	10.44%	1.27%	1.25%	0.60%

Frequently Asked Questions

Can I hold both GLOSX and FMIEX in my portfolio?

GLOSX and FMIEX have a correlation of 0.67, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, GLOSX or FMIEX?

GLOSX has higher volatility (3.97%) compared to FMIEX (2.85%). In terms of maximum drawdown, GLOSX dropped -54.40% vs FMIEX's -49.85%.

Which has better risk-adjusted returns?

FMIEX currently has the higher Sharpe Ratio (2.79 vs 2.21), 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.