PCGRX vs. IJT
PCGRX (Pioneer Mid Cap Value Fund) and IJT (iShares S&P SmallCap 600 Growth ETF) are both funds - PCGRX is a Mid Cap Value Equities fund managed by Amundi, while IJT is a Small Cap Growth Equities fund tracking the S&P SmallCap 600 Growth Index. Over the past 10 years, PCGRX returned 10.07%/yr vs 11.60%/yr for IJT. Their correlation of 0.88 suggests significant overlap in exposure. PCGRX charges 1.05%/yr vs 0.18%/yr for IJT.
Performance
PCGRX vs. IJT - Performance Comparison
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Returns By Period
In the year-to-date period, PCGRX achieves a 15.05% return, which is significantly lower than IJT's 21.22% return. Over the past 10 years, PCGRX has underperformed IJT with an annualized return of 10.07%, while IJT has yielded a comparatively higher 11.60% annualized return.
PCGRX
- 1D
- 0.32%
- 1M
- 3.46%
- YTD
- 15.05%
- 6M
- 14.06%
- 1Y
- 27.85%
- 3Y*
- 16.07%
- 5Y*
- 10.19%
- 10Y*
- 10.07%
IJT
- 1D
- -0.43%
- 1M
- 5.51%
- YTD
- 21.22%
- 6M
- 17.80%
- 1Y
- 31.64%
- 3Y*
- 16.70%
- 5Y*
- 6.16%
- 10Y*
- 11.60%
PCGRX vs. IJT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
PCGRX Pioneer Mid Cap Value Fund | 15.05% | 10.84% | 10.44% | 12.38% | -5.85% | 28.94% | 1.81% | 28.04% | -19.52% | 12.89% |
IJT iShares S&P SmallCap 600 Growth ETF | 21.22% | 5.26% | 9.33% | 17.11% | -21.32% | 22.37% | 19.22% | 20.98% | -4.40% | 14.47% |
Correlation
The correlation between PCGRX and IJT is 0.83, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.83 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.84 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.87 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.87 |
Correlation (All Time) Calculated using the full available price history since Jul 28, 2000 | 0.88 |
The correlation between PCGRX and IJT has been stable across timeframes, ranging from 0.83 to 0.88 - a consistent structural relationship.
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Return for Risk
PCGRX vs. IJT — Risk / Return Rank
PCGRX
IJT
PCGRX vs. IJT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Pioneer Mid Cap Value Fund (PCGRX) and iShares S&P SmallCap 600 Growth ETF (IJT). 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.
| PCGRX | IJT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.38 | ||
| Sortino ratioReturn per unit of downside risk | +0.48 | ||
| Omega ratioGain probability vs. loss probability | 1.38 | 1.31 | +0.07 |
| Calmar ratioReturn relative to maximum drawdown | 3.64 | 3.50 | +0.14 |
| Martin ratioReturn relative to average drawdown | 12.88 | 12.23 | +0.65 |
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Drawdowns
PCGRX vs. IJT - Drawdown Comparison
The maximum PCGRX drawdown since its inception was -53.63%, smaller than the maximum IJT drawdown of -57.61%. Use the drawdown chart below to compare losses from any high point for PCGRX and IJT.
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Drawdown Indicators
| PCGRX | IJT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -53.63% | -57.61% | +3.98% |
Max Drawdown (1Y)Largest decline over 1 year | -7.99% | -9.08% | +1.09% |
Max Drawdown (3Y)Largest decline over 3 years | -20.29% | -27.41% | +7.12% |
Max Drawdown (5Y)Largest decline over 5 years | -20.29% | -29.24% | +8.95% |
Max Drawdown (10Y)Largest decline over 10 years | -42.30% | -42.03% | -0.27% |
Current DrawdownCurrent decline from peak | -0.32% | -0.43% | +0.11% |
Average DrawdownAverage peak-to-trough decline | -7.51% | -10.29% | +2.78% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.25% | 2.59% | -0.34% |
Volatility
PCGRX vs. IJT - Volatility Comparison
The current volatility for Pioneer Mid Cap Value Fund (PCGRX) is 3.57%, while iShares S&P SmallCap 600 Growth ETF (IJT) has a volatility of 5.32%. This indicates that PCGRX experiences smaller price fluctuations and is considered to be less risky than IJT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PCGRX | IJT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.57% | 5.32% | -1.75% |
Volatility (6M)Calculated over the trailing 6-month period | 9.70% | 13.00% | -3.30% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.52% | 17.93% | -4.41% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.58% | 21.55% | -3.97% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.54% | 23.02% | -3.48% |
PCGRX vs. IJT - Expense Ratio Comparison
PCGRX has a 1.05% expense ratio, which is higher than IJT's 0.18% expense ratio.
Dividends
PCGRX vs. IJT - Dividend Comparison
PCGRX's dividend yield for the trailing twelve months is around 6.25%, more than IJT's 0.71% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IJT iShares S&P SmallCap 600 Growth ETF | 0.71% | 0.91% | 1.06% | 1.02% | 1.08% | 0.63% | 0.68% | 0.92% | 0.92% | 0.86% | 1.03% | 1.14% |
PCGRX Pioneer Mid Cap Value Fund | 6.25% | 7.19% | 9.50% | 6.92% | 12.41% | 14.24% | 0.71% | 1.08% | 12.40% | 8.35% | 6.59% | 10.48% |
Frequently Asked Questions
PCGRX and IJT have a correlation of 0.83, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
IJT has higher volatility (5.32%) compared to PCGRX (3.57%). In terms of maximum drawdown, PCGRX dropped -53.63% vs IJT's -57.61%.
PCGRX currently has the higher Sharpe Ratio (2.16 vs 1.78), 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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