PCGG vs. MDIJX

Last updated Aug 2, 2026

PCGG (Polen Capital Global Growth ETF) and MDIJX (MFS International Diversification Fund) are both funds - PCGG is a Global Equities fund actively managed by Polen, while MDIJX is a Foreign Large Cap Equities fund managed by MFS. Over the past year, PCGG returned -6.80% vs 22.92% for MDIJX. Their 0.62 correlation means they have sometimes moved together and sometimes differently. PCGG charges 0.85%/yr vs 0.82%/yr for MDIJX.

Performance

PCGG vs. MDIJX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Polen Capital Global Growth ETF (PCGG) and MFS International Diversification Fund (MDIJX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, PCGG achieves a -7.27% return, which is significantly lower than MDIJX's 11.35% return.

PCGG

• 1D: 0.99%
• 1M: 0.72%
• 6M: -3.52%
• YTD: -7.27%
• 1Y: -6.80%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 3.43%

MDIJX

• 1D: 2.59%
• 1M: 1.88%
• 6M: 5.93%
• YTD: 11.35%
• 1Y: 22.92%
• 3Y*: 15.16%
• 5Y*: 7.69%
• 10Y*: 9.74%
• ALL TIME*: 8.29%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
MDIJX MFS International Diversification Fund	$0.00	$0.00	$0.00
PCGG Polen Capital Global Growth ETF	$24.05K	$48.20K	$39.78K

PCGG vs. MDIJX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
PCGG Polen Capital Global Growth ETF	-7.27%	1.62%	12.40%	4.17%
MDIJX MFS International Diversification Fund	11.35%	27.84%	6.41%	3.85%

Correlation

The correlation between PCGG and MDIJX is 0.65, 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.	0.65
Correlation (All Time) Calculated using the full available price history since Aug 30, 2023	0.62

The correlation between PCGG and MDIJX has been stable across timeframes, ranging from 0.62 to 0.65 - a consistent structural relationship.

Return for Risk

PCGG vs. MDIJX — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

PCGG

PCGG Risk / Return Rank: 5
PCGG Sharpe Ratio Rank: 5
PCGG Sortino Ratio Rank: 5
PCGG Omega Ratio Rank: 5
PCGG Calmar Ratio Rank: 6
PCGG Martin Ratio Rank: 6

MDIJX

MDIJX Risk / Return Rank: 61
MDIJX Sharpe Ratio Rank: 68
MDIJX Sortino Ratio Rank: 65
MDIJX Omega Ratio Rank: 67
MDIJX Calmar Ratio Rank: 52
MDIJX Martin Ratio Rank: 52

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

PCGG vs. MDIJX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Polen Capital Global Growth ETF (PCGG) and MFS International Diversification Fund (MDIJX). 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.

	PCGG	MDIJX	Difference
Sharpe ratio: Return per unit of total volatility	-0.52	1.56	-2.08
Sortino ratio: Return per unit of downside risk	-0.62	2.19	-2.81
Omega ratio: Gain probability vs. loss probability	0.93	1.29	-0.36
Calmar ratio: Return relative to maximum drawdown	-0.38	1.85	-2.23
Martin ratio: Return relative to average drawdown	-0.81	6.94	-7.74

PCGG vs. MDIJX - Sharpe Ratio Comparison

The current PCGG Sharpe Ratio is -0.52, which is lower than the MDIJX Sharpe Ratio of 1.56. The chart below compares the historical Sharpe Ratios of PCGG and MDIJX, 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

PCGG vs. MDIJX - Drawdown Comparison

The maximum PCGG drawdown since its inception was -22.66%, smaller than the maximum MDIJX drawdown of -56.60%. Use the drawdown chart below to compare losses from any high point for PCGG and MDIJX.

Drawdown Indicators

	PCGG	MDIJX	Difference
Max Drawdown Largest peak-to-trough decline	-22.66%	-56.60%	+33.94%
Max Drawdown (1Y) Largest decline over 1 year	-22.66%	-11.40%	-11.26%
Max Drawdown (3Y) Largest decline over 3 years	—	-12.57%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-30.19%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-30.19%	—
Current Drawdown Current decline from peak	-11.90%	0.00%	-11.90%
Average Drawdown Average peak-to-trough decline	-5.40%	-9.04%	+3.64%
Ulcer Index Depth and duration of drawdowns from previous peaks	10.55%	3.04%	+7.51%

Volatility

PCGG vs. MDIJX - Volatility Comparison

Polen Capital Global Growth ETF (PCGG) has a higher volatility of 4.34% compared to MFS International Diversification Fund (MDIJX) at 4.13%. This indicates that PCGG's price experiences larger fluctuations and is considered to be riskier than MDIJX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	PCGG	MDIJX	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.34%	4.13%	+0.21%
Volatility (6M) Calculated over the trailing 6-month period	13.40%	11.70%	+1.70%
Volatility (1Y) Calculated over the trailing 1-year period	16.28%	13.59%	+2.69%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.73%	14.42%	+2.31%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.73%	14.54%	+2.19%

PCGG vs. MDIJX - Expense Ratio Comparison

PCGG has a 0.85% expense ratio, which is higher than MDIJX's 0.82% expense ratio.

Dividends

PCGG vs. MDIJX - Dividend Comparison

PCGG has not paid dividends to shareholders, while MDIJX's dividend yield for the trailing twelve months is around 4.64%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
MDIJX MFS International Diversification Fund	4.64%	5.17%	3.50%	4.14%	2.64%	2.70%	1.64%	2.50%	3.14%	1.63%	2.18%	1.69%
PCGG Polen Capital Global Growth ETF	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both PCGG and MDIJX in my portfolio?

PCGG and MDIJX have a correlation of 0.65, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, PCGG or MDIJX?

PCGG has higher volatility (4.34%) compared to MDIJX (4.13%). In terms of maximum drawdown, PCGG dropped -22.66% vs MDIJX's -56.60%.

Which has better risk-adjusted returns?

MDIJX currently has the higher Sharpe Ratio (1.56 vs -0.52), 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.