PGEIX vs. BADEX
PGEIX (Polen Global Emerging Markets Growth Fund) and BADEX (BlackRock Defensive Advantage Emerging Markets Fund) are both Emerging Markets Diversified funds. Over the past year, PGEIX returned -1.66% vs 21.73% for BADEX. A 0.73 correlation means they provide meaningful diversification when combined. PGEIX charges 1.25%/yr vs 1.06%/yr for BADEX.
Performance
PGEIX vs. BADEX - Performance Comparison
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Returns By Period
In the year-to-date period, PGEIX achieves a -5.22% return, which is significantly lower than BADEX's 16.68% return.
PGEIX
- 1D
- 0.32%
- 1M
- -5.41%
- 6M
- -9.13%
- YTD
- -5.22%
- 1Y
- -1.66%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
BADEX
- 1D
- 0.08%
- 1M
- -2.40%
- 6M
- 13.22%
- YTD
- 16.68%
- 1Y
- 21.73%
- 3Y*
- 14.15%
- 5Y*
- 7.52%
- 10Y*
- —
PGEIX vs. BADEX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
PGEIX Polen Global Emerging Markets Growth Fund | -5.22% | 16.07% |
BADEX BlackRock Defensive Advantage Emerging Markets Fund | 16.68% | 10.59% |
Correlation
The correlation between PGEIX and BADEX is 0.78, 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 | 0.78 |
Correlation (All Time) Calculated using the full available price history since Apr 28, 2025 | 0.73 |
The correlation between PGEIX and BADEX has been stable across timeframes, ranging from 0.73 to 0.78 - a consistent structural relationship.
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Return for Risk
PGEIX vs. BADEX — Risk / Return Rank
PGEIX
BADEX
PGEIX vs. BADEX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Polen Global Emerging Markets Growth Fund (PGEIX) and BlackRock Defensive Advantage Emerging Markets Fund (BADEX). 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.
| PGEIX | BADEX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.77 | ||
| Sortino ratioReturn per unit of downside risk | -2.15 | ||
| Omega ratioGain probability vs. loss probability | 1.03 | 1.35 | -0.31 |
| Calmar ratioReturn relative to maximum drawdown | -0.04 | 2.44 | -2.49 |
| Martin ratioReturn relative to average drawdown | -0.11 | 8.80 | -8.91 |
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Drawdowns
PGEIX vs. BADEX - Drawdown Comparison
The maximum PGEIX drawdown since its inception was -30.91%, which is greater than BADEX's maximum drawdown of -21.86%. Use the drawdown chart below to compare losses from any high point for PGEIX and BADEX.
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Drawdown Indicators
| PGEIX | BADEX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -30.91% | -21.86% | -9.05% |
Max Drawdown (1Y)Largest decline over 1 year | -30.91% | -8.89% | -22.02% |
Max Drawdown (3Y)Largest decline over 3 years | — | -10.29% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -20.57% | — |
Current DrawdownCurrent decline from peak | -29.27% | -3.60% | -25.67% |
Average DrawdownAverage peak-to-trough decline | -6.41% | -5.56% | -0.85% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 11.55% | 2.46% | +9.09% |
Volatility
PGEIX vs. BADEX - Volatility Comparison
Polen Global Emerging Markets Growth Fund (PGEIX) has a higher volatility of 12.61% compared to BlackRock Defensive Advantage Emerging Markets Fund (BADEX) at 6.08%. This indicates that PGEIX's price experiences larger fluctuations and is considered to be riskier than BADEX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PGEIX | BADEX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 12.61% | 6.08% | +6.53% |
Volatility (6M)Calculated over the trailing 6-month period | 36.20% | 11.66% | +24.54% |
Volatility (1Y)Calculated over the trailing 1-year period | 37.87% | 12.54% | +25.33% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 35.16% | 10.71% | +24.45% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 35.16% | 10.76% | +24.40% |
PGEIX vs. BADEX - Expense Ratio Comparison
PGEIX has a 1.25% expense ratio, which is higher than BADEX's 1.06% expense ratio.
Dividends
PGEIX vs. BADEX - Dividend Comparison
PGEIX has not paid dividends to shareholders, while BADEX's dividend yield for the trailing twelve months is around 6.44%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
BADEX BlackRock Defensive Advantage Emerging Markets Fund | 6.44% | 7.52% | 2.27% | 1.92% | 2.43% | 7.54% | 0.03% |
PGEIX Polen Global Emerging Markets Growth Fund | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
PGEIX and BADEX have a correlation of 0.78, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
PGEIX has higher volatility (12.61%) compared to BADEX (6.08%). In terms of maximum drawdown, PGEIX dropped -30.91% vs BADEX's -21.86%.
BADEX currently has the higher Sharpe Ratio (1.73 vs -0.04), 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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