PCGRX vs. SPY
Compare and contrast key facts about Pioneer Mid Cap Value Fund (PCGRX) and State Street SPDR S&P 500 ETF (SPY).
PCGRX is managed by Amundi. It was launched on Jul 25, 1990. SPY is a passively managed fund by State Street that tracks the performance of the S&P 500 Index. It was launched on Jan 22, 1993.
Performance
PCGRX vs. SPY - Performance Comparison
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PCGRX vs. SPY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
PCGRX Pioneer Mid Cap Value Fund | 1.36% | 10.84% | 10.44% | 12.38% | -5.85% | 28.94% | 1.81% | 28.04% | -19.52% | 12.89% |
SPY State Street SPDR S&P 500 ETF | -4.37% | 17.72% | 24.89% | 26.18% | -18.18% | 28.73% | 18.33% | 31.22% | -4.57% | 21.71% |
Returns By Period
In the year-to-date period, PCGRX achieves a 1.36% return, which is significantly higher than SPY's -4.37% return. Over the past 10 years, PCGRX has underperformed SPY with an annualized return of 8.61%, while SPY has yielded a comparatively higher 13.98% annualized return.
PCGRX
- 1D
- -0.89%
- 1M
- -6.55%
- YTD
- 1.36%
- 6M
- 4.63%
- 1Y
- 13.03%
- 3Y*
- 11.24%
- 5Y*
- 8.34%
- 10Y*
- 8.61%
SPY
- 1D
- 2.91%
- 1M
- -4.94%
- YTD
- -4.37%
- 6M
- -1.82%
- 1Y
- 17.59%
- 3Y*
- 18.19%
- 5Y*
- 11.69%
- 10Y*
- 13.98%
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PCGRX vs. SPY - Expense Ratio Comparison
PCGRX has a 1.05% expense ratio, which is higher than SPY's 0.09% expense ratio.
Return for Risk
PCGRX vs. SPY — Risk / Return Rank
PCGRX
SPY
PCGRX vs. SPY - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Pioneer Mid Cap Value Fund (PCGRX) and State Street SPDR S&P 500 ETF (SPY). 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.
| PCGRX | SPY | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.75 | 0.93 | -0.18 |
Sortino ratioReturn per unit of downside risk | 1.14 | 1.45 | -0.31 |
Omega ratioGain probability vs. loss probability | 1.16 | 1.22 | -0.06 |
Calmar ratioReturn relative to maximum drawdown | 0.86 | 1.53 | -0.67 |
Martin ratioReturn relative to average drawdown | 3.50 | 7.30 | -3.80 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| PCGRX | SPY | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.75 | 0.93 | -0.18 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.47 | 0.69 | -0.21 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.44 | 0.78 | -0.34 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.54 | 0.56 | -0.02 |
Correlation
The correlation between PCGRX and SPY is 0.84, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Dividends
PCGRX vs. SPY - Dividend Comparison
PCGRX's dividend yield for the trailing twelve months is around 7.09%, more than SPY's 1.14% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PCGRX Pioneer Mid Cap Value Fund | 7.09% | 7.19% | 9.50% | 6.92% | 12.41% | 14.24% | 0.71% | 1.08% | 12.40% | 8.35% | 6.59% | 10.48% |
SPY State Street SPDR S&P 500 ETF | 1.14% | 1.07% | 1.21% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% |
Drawdowns
PCGRX vs. SPY - Drawdown Comparison
The maximum PCGRX drawdown since its inception was -53.63%, roughly equal to the maximum SPY drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for PCGRX and SPY.
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Drawdown Indicators
| PCGRX | SPY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -53.63% | -55.19% | +1.56% |
Max Drawdown (1Y)Largest decline over 1 year | -14.56% | -12.05% | -2.51% |
Max Drawdown (5Y)Largest decline over 5 years | -20.29% | -24.50% | +4.21% |
Max Drawdown (10Y)Largest decline over 10 years | -42.30% | -33.72% | -8.58% |
Current DrawdownCurrent decline from peak | -7.61% | -6.24% | -1.37% |
Average DrawdownAverage peak-to-trough decline | -7.56% | -9.09% | +1.53% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.57% | 2.52% | +1.05% |
Volatility
PCGRX vs. SPY - Volatility Comparison
The current volatility for Pioneer Mid Cap Value Fund (PCGRX) is 4.50%, while State Street SPDR S&P 500 ETF (SPY) has a volatility of 5.31%. This indicates that PCGRX experiences smaller price fluctuations and is considered to be less risky than SPY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PCGRX | SPY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.50% | 5.31% | -0.81% |
Volatility (6M)Calculated over the trailing 6-month period | 10.04% | 9.47% | +0.57% |
Volatility (1Y)Calculated over the trailing 1-year period | 19.03% | 19.05% | -0.02% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.67% | 17.06% | +0.61% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.50% | 17.92% | +1.58% |