LPEFX vs. PGVFX
LPEFX (ALPS/Red Rocks Global Opportunity Fund) and PGVFX (Polaris Global Value Fund) are both Global Equities funds. Over the past 10 years, LPEFX returned 9.69%/yr vs 11.32%/yr for PGVFX. Their correlation of 0.82 suggests significant overlap in exposure. LPEFX charges 1.46%/yr vs 0.99%/yr for PGVFX.
Performance
LPEFX vs. PGVFX - Performance Comparison
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Returns By Period
In the year-to-date period, LPEFX achieves a -5.62% return, which is significantly lower than PGVFX's 21.67% return. Over the past 10 years, LPEFX has underperformed PGVFX with an annualized return of 9.69%, while PGVFX has yielded a comparatively higher 11.32% annualized return.
LPEFX
- 1D
- 1.90%
- 1M
- -0.37%
- 6M
- -8.83%
- YTD
- -5.62%
- 1Y
- -8.52%
- 3Y*
- 7.88%
- 5Y*
- 2.46%
- 10Y*
- 9.69%
PGVFX
- 1D
- 1.27%
- 1M
- 0.71%
- 6M
- 17.06%
- YTD
- 21.67%
- 1Y
- 36.51%
- 3Y*
- 20.27%
- 5Y*
- 11.09%
- 10Y*
- 11.32%
LPEFX vs. PGVFX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
LPEFX ALPS/Red Rocks Global Opportunity Fund | -5.62% | 1.25% | 17.78% | 28.31% | -28.82% | 23.70% | 9.35% | 49.57% | -12.60% | 27.02% |
PGVFX Polaris Global Value Fund | 21.67% | 27.01% | 5.33% | 14.76% | -12.00% | 15.38% | 6.65% | 22.83% | -12.64% | 20.60% |
Correlation
The correlation between LPEFX 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 | 0.68 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.75 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.77 |
Correlation (All Time) Calculated using the full available price history since Dec 31, 2007 | 0.82 |
Over the past year, the correlation between LPEFX and PGVFX has dropped to 0.55 - well below their long-term average of 0.82, suggesting their price drivers have been diverging.
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Return for Risk
LPEFX vs. PGVFX — Risk / Return Rank
LPEFX
PGVFX
LPEFX vs. PGVFX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ALPS/Red Rocks Global Opportunity Fund (LPEFX) 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.
| LPEFX | PGVFX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -3.35 | ||
| Sortino ratioReturn per unit of downside risk | -4.53 | ||
| Omega ratioGain probability vs. loss probability | 0.95 | 1.55 | -0.60 |
| Calmar ratioReturn relative to maximum drawdown | -0.32 | 4.21 | -4.53 |
| Martin ratioReturn relative to average drawdown | -0.69 | 15.21 | -15.90 |
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Drawdowns
LPEFX vs. PGVFX - Drawdown Comparison
The maximum LPEFX drawdown since its inception was -77.00%, which is greater than PGVFX's maximum drawdown of -68.09%. Use the drawdown chart below to compare losses from any high point for LPEFX and PGVFX.
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Drawdown Indicators
| LPEFX | PGVFX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -77.00% | -68.09% | -8.91% |
Max Drawdown (1Y)Largest decline over 1 year | -22.00% | -8.76% | -13.24% |
Max Drawdown (3Y)Largest decline over 3 years | -22.00% | -12.53% | -9.47% |
Max Drawdown (5Y)Largest decline over 5 years | -49.19% | -27.58% | -21.61% |
Max Drawdown (10Y)Largest decline over 10 years | -49.19% | -41.26% | -7.93% |
Current DrawdownCurrent decline from peak | -17.52% | 0.00% | -17.52% |
Average DrawdownAverage peak-to-trough decline | -22.74% | -11.26% | -11.48% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 10.17% | 2.42% | +7.75% |
Volatility
LPEFX vs. PGVFX - Volatility Comparison
ALPS/Red Rocks Global Opportunity Fund (LPEFX) has a higher volatility of 5.22% compared to Polaris Global Value Fund (PGVFX) at 4.05%. This indicates that LPEFX'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
| LPEFX | PGVFX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.22% | 4.05% | +1.17% |
Volatility (6M)Calculated over the trailing 6-month period | 15.22% | 10.67% | +4.55% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.38% | 12.52% | +5.86% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 24.66% | 13.90% | +10.76% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 22.68% | 15.63% | +7.05% |
LPEFX vs. PGVFX - Expense Ratio Comparison
LPEFX has a 1.46% expense ratio, which is higher than PGVFX's 0.99% expense ratio.
Dividends
LPEFX vs. PGVFX - Dividend Comparison
LPEFX's dividend yield for the trailing twelve months is around 16.29%, more than PGVFX's 4.25% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
LPEFX ALPS/Red Rocks Global Opportunity Fund | 16.29% | 15.38% | 15.95% | 5.56% | 0.00% | 26.79% | 3.96% | 21.96% | 4.58% | 13.29% | 1.55% | 8.21% |
PGVFX Polaris Global Value Fund | 4.25% | 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
LPEFX 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.
LPEFX has higher volatility (5.22%) compared to PGVFX (4.05%). In terms of maximum drawdown, LPEFX dropped -77.00% vs PGVFX's -68.09%.
PGVFX currently has the higher Sharpe Ratio (2.96 vs -0.38), 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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