MWOFX vs. PGVFX
MWOFX (MFS Global Growth Fund) and PGVFX (Polaris Global Value Fund) are both Global Equities funds. Over the past 10 years, MWOFX returned 10.76%/yr vs 12.19%/yr for PGVFX. A 0.79 correlation means they provide meaningful diversification when combined. MWOFX charges 1.22%/yr vs 0.99%/yr for PGVFX.
Performance
MWOFX vs. PGVFX - Performance Comparison
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Returns By Period
In the year-to-date period, MWOFX achieves a -5.39% return, which is significantly lower than PGVFX's 21.30% return. Over the past 10 years, MWOFX has underperformed PGVFX with an annualized return of 10.76%, while PGVFX has yielded a comparatively higher 12.19% annualized return.
MWOFX
- 1D
- -0.47%
- 1M
- -2.12%
- YTD
- -5.39%
- 6M
- -6.28%
- 1Y
- -1.30%
- 3Y*
- 6.47%
- 5Y*
- 3.02%
- 10Y*
- 10.76%
PGVFX
- 1D
- 1.44%
- 1M
- 1.57%
- YTD
- 21.30%
- 6M
- 21.01%
- 1Y
- 37.62%
- 3Y*
- 22.02%
- 5Y*
- 10.29%
- 10Y*
- 12.19%
MWOFX vs. PGVFX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
MWOFX MFS Global Growth Fund | -5.39% | 7.17% | 10.68% | 20.63% | -19.28% | 18.33% | 20.23% | 35.37% | -4.94% | 31.13% |
PGVFX Polaris Global Value Fund | 21.30% | 27.01% | 5.33% | 14.76% | -12.00% | 15.38% | 6.65% | 22.83% | -12.64% | 20.60% |
Correlation
The correlation between MWOFX and PGVFX is 0.54, 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 | 0.54 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.66 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.72 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.73 |
Correlation (All Time) Calculated using the full available price history since May 29, 1998 | 0.79 |
Over the past year, the correlation between MWOFX and PGVFX has dropped to 0.54 - well below their long-term average of 0.79, suggesting their price drivers have been diverging.
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Return for Risk
MWOFX vs. PGVFX — Risk / Return Rank
MWOFX
PGVFX
MWOFX vs. PGVFX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for MFS Global Growth Fund (MWOFX) 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.
| MWOFX | PGVFX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -3.23 | ||
| Sortino ratioReturn per unit of downside risk | -4.34 | ||
| Omega ratioGain probability vs. loss probability | 1.00 | 1.59 | -0.59 |
| Calmar ratioReturn relative to maximum drawdown | -0.06 | 4.49 | -4.55 |
| Martin ratioReturn relative to average drawdown | -0.17 | 16.14 | -16.31 |
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Drawdowns
MWOFX vs. PGVFX - Drawdown Comparison
The maximum MWOFX drawdown since its inception was -56.10%, smaller than the maximum PGVFX drawdown of -68.09%. Use the drawdown chart below to compare losses from any high point for MWOFX and PGVFX.
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Drawdown Indicators
| MWOFX | PGVFX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -56.10% | -68.09% | +11.99% |
Max Drawdown (1Y)Largest decline over 1 year | -13.82% | -8.76% | -5.06% |
Max Drawdown (3Y)Largest decline over 3 years | -16.45% | -12.53% | -3.92% |
Max Drawdown (5Y)Largest decline over 5 years | -27.64% | -27.58% | -0.06% |
Max Drawdown (10Y)Largest decline over 10 years | -31.68% | -41.26% | +9.58% |
Current DrawdownCurrent decline from peak | -7.66% | 0.00% | -7.66% |
Average DrawdownAverage peak-to-trough decline | -11.90% | -11.27% | -0.63% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.70% | 2.43% | +2.27% |
Volatility
MWOFX vs. PGVFX - Volatility Comparison
The current volatility for MFS Global Growth Fund (MWOFX) is 4.47%, while Polaris Global Value Fund (PGVFX) has a volatility of 4.83%. This indicates that MWOFX experiences smaller price fluctuations and is considered to be less risky 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
| MWOFX | PGVFX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.47% | 4.83% | -0.36% |
Volatility (6M)Calculated over the trailing 6-month period | 10.09% | 10.45% | -0.36% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.42% | 12.43% | -0.01% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.88% | 13.90% | +1.98% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.56% | 15.72% | +0.84% |
MWOFX vs. PGVFX - Expense Ratio Comparison
MWOFX has a 1.22% expense ratio, which is higher than PGVFX's 0.99% expense ratio.
Dividends
MWOFX vs. PGVFX - Dividend Comparison
MWOFX's dividend yield for the trailing twelve months is around 5.73%, more than PGVFX's 4.26% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MWOFX MFS Global Growth Fund | 5.73% | 5.42% | 5.14% | 2.09% | 3.60% | 6.25% | 3.13% | 1.86% | 5.00% | 3.43% | 1.68% | 6.08% |
PGVFX Polaris Global Value Fund | 4.26% | 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
MWOFX and PGVFX have a correlation of 0.54, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
PGVFX has higher volatility (4.83%) compared to MWOFX (4.47%). In terms of maximum drawdown, MWOFX dropped -56.10% vs PGVFX's -68.09%.
PGVFX currently has the higher Sharpe Ratio (3.17 vs -0.06), 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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