IEVAX vs. PGVFX
IEVAX (Columbia Global Value Fund) and PGVFX (Polaris Global Value Fund) are both Global Equities funds. Over the past 10 years, IEVAX returned 10.54%/yr vs 11.05%/yr for PGVFX. Their 0.77 correlation means they have sometimes moved together and sometimes differently. IEVAX charges 1.13%/yr vs 0.99%/yr for PGVFX.
Performance
IEVAX vs. PGVFX - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, IEVAX achieves a 11.01% return, which is significantly lower than PGVFX's 20.95% return. Both investments have delivered pretty close results over the past 10 years, with IEVAX having a 10.54% annualized return and PGVFX not far ahead at 11.05%.
IEVAX
- 1D
- 2.37%
- 1M
- 1.21%
- 6M
- 6.87%
- YTD
- 11.01%
- 1Y
- 20.23%
- 3Y*
- 15.80%
- 5Y*
- 10.22%
- 10Y*
- 10.54%
- ALL TIME*
- 8.33%
PGVFX
- 1D
- 0.38%
- 1M
- 0.65%
- 6M
- 13.01%
- YTD
- 20.95%
- 1Y
- 39.07%
- 3Y*
- 19.16%
- 5Y*
- 10.74%
- 10Y*
- 11.05%
- ALL TIME*
- 8.07%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $0.00 | $0.00 | $0.00 |
IEVAX vs. PGVFX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
IEVAX Columbia Global Value Fund | 11.01% | 21.42% | 11.78% | 12.00% | -8.52% | 20.31% | 3.77% | 24.55% | -12.22% | 21.93% |
PGVFX Polaris Global Value Fund | 20.95% | 27.01% | 5.33% | 14.76% | -12.00% | 15.38% | 6.65% | 22.83% | -12.64% | 20.60% |
Correlation
The correlation between IEVAX and PGVFX is 0.68, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.68 |
Correlation (3Y) Balances recent behavior with more history. | 0.77 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.84 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.85 |
Correlation (All Time) Calculated using the full available price history since May 29, 1998 | 0.77 |
The correlation between IEVAX and PGVFX shifts across timeframes, from 0.68 (1 year) to 0.85 (10 years), reflecting how their relationship changes across market environments.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
IEVAX vs. PGVFX — Risk / Return Rank
IEVAX
PGVFX
IEVAX vs. PGVFX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Columbia Global Value Fund (IEVAX) 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.
| IEVAX | PGVFX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.22 | ||
| Sortino ratioReturn per unit of downside risk | -1.54 | ||
| Omega ratioGain probability vs. loss probability | 1.32 | 1.55 | -0.23 |
| Calmar ratioReturn relative to maximum drawdown | 2.26 | 4.21 | -1.95 |
| Martin ratioReturn relative to average drawdown | 9.74 | 15.79 | -6.05 |
Loading charts...
Drawdowns
IEVAX vs. PGVFX - Drawdown Comparison
The maximum IEVAX drawdown since its inception was -56.85%, smaller than the maximum PGVFX drawdown of -68.09%. Use the drawdown chart below to compare losses from any high point for IEVAX and PGVFX.
Loading charts...
Drawdown Indicators
| IEVAX | PGVFX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -56.85% | -68.09% | +11.24% |
Max Drawdown (1Y)Largest decline over 1 year | -8.80% | -8.76% | -0.04% |
Max Drawdown (3Y)Largest decline over 3 years | -14.12% | -12.53% | -1.59% |
Max Drawdown (5Y)Largest decline over 5 years | -20.58% | -27.58% | +7.00% |
Max Drawdown (10Y)Largest decline over 10 years | -37.88% | -41.26% | +3.38% |
Current DrawdownCurrent decline from peak | 0.00% | -0.86% | +0.86% |
Average DrawdownAverage peak-to-trough decline | -8.42% | -11.24% | +2.82% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.04% | 2.34% | -0.30% |
Volatility
IEVAX vs. PGVFX - Volatility Comparison
Columbia Global Value Fund (IEVAX) has a higher volatility of 3.83% compared to Polaris Global Value Fund (PGVFX) at 3.42%. This indicates that IEVAX'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.
Loading charts...
Volatility by Period
| IEVAX | PGVFX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.83% | 3.42% | +0.41% |
Volatility (6M)Calculated over the trailing 6-month period | 9.42% | 10.71% | -1.29% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.37% | 12.46% | -1.09% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.11% | 13.84% | +0.27% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.45% | 15.63% | +0.82% |
IEVAX vs. PGVFX - Expense Ratio Comparison
IEVAX has a 1.13% expense ratio, which is higher than PGVFX's 0.99% expense ratio.
Dividends
IEVAX vs. PGVFX - Dividend Comparison
IEVAX's dividend yield for the trailing twelve months is around 12.01%, more than PGVFX's 4.28% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IEVAX Columbia Global Value Fund | 12.01% | 10.06% | 10.32% | 6.26% | 7.61% | 11.24% | 8.76% | 9.16% | 6.75% | 1.66% | 2.28% | 4.68% |
PGVFX Polaris Global Value Fund | 4.28% | 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
IEVAX and PGVFX have a correlation of 0.68, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
IEVAX has higher volatility (3.83%) compared to PGVFX (3.42%). In terms of maximum drawdown, IEVAX dropped -56.85% vs PGVFX's -68.09%.
PGVFX currently has the higher Sharpe Ratio (2.97 vs 1.75), 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.
Find the right allocation for IEVAX and PGVFX
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer