PGEIX vs. DODEX
PGEIX (Polen Global Emerging Markets Growth Fund) and DODEX (Dodge & Cox Emerging Markets Stock Fund) are both Emerging Markets Diversified funds. Over the past year, PGEIX returned -5.26% vs 42.16% for DODEX. A 0.75 correlation means they provide meaningful diversification when combined. PGEIX charges 1.25%/yr vs 0.70%/yr for DODEX.
Performance
PGEIX vs. DODEX - Performance Comparison
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Returns By Period
In the year-to-date period, PGEIX achieves a -7.92% return, which is significantly lower than DODEX's 22.10% return.
PGEIX
- 1D
- -2.86%
- 1M
- -7.83%
- 6M
- -11.73%
- YTD
- -7.92%
- 1Y
- -5.26%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
DODEX
- 1D
- -1.31%
- 1M
- -1.24%
- 6M
- 14.57%
- YTD
- 22.10%
- 1Y
- 42.16%
- 3Y*
- 22.82%
- 5Y*
- 10.17%
- 10Y*
- —
PGEIX vs. DODEX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
PGEIX Polen Global Emerging Markets Growth Fund | -7.92% | 16.07% |
DODEX Dodge & Cox Emerging Markets Stock Fund | 22.10% | 31.54% |
Correlation
The correlation between PGEIX and DODEX is 0.79, 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 | 0.79 |
Correlation (All Time) Calculated using the full available price history since Apr 28, 2025 | 0.75 |
The correlation between PGEIX and DODEX has been stable across timeframes, ranging from 0.75 to 0.79 - a consistent structural relationship.
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Return for Risk
PGEIX vs. DODEX — Risk / Return Rank
PGEIX
DODEX
PGEIX vs. DODEX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Polen Global Emerging Markets Growth Fund (PGEIX) and Dodge & Cox Emerging Markets Stock Fund (DODEX). 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 | DODEX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.74 | ||
| Sortino ratioReturn per unit of downside risk | -3.24 | ||
| Omega ratioGain probability vs. loss probability | 1.01 | 1.47 | -0.45 |
| Calmar ratioReturn relative to maximum drawdown | -0.16 | 3.94 | -4.09 |
| Martin ratioReturn relative to average drawdown | -0.40 | 14.17 | -14.57 |
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Drawdowns
PGEIX vs. DODEX - Drawdown Comparison
The maximum PGEIX drawdown since its inception was -31.29%, smaller than the maximum DODEX drawdown of -37.01%. Use the drawdown chart below to compare losses from any high point for PGEIX and DODEX.
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Drawdown Indicators
| PGEIX | DODEX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -31.29% | -37.01% | +5.72% |
Max Drawdown (1Y)Largest decline over 1 year | -31.29% | -10.97% | -20.32% |
Max Drawdown (3Y)Largest decline over 3 years | — | -16.15% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -33.26% | — |
Current DrawdownCurrent decline from peak | -31.29% | -3.05% | -28.24% |
Average DrawdownAverage peak-to-trough decline | -6.50% | -12.56% | +6.06% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 11.71% | 3.04% | +8.67% |
Volatility
PGEIX vs. DODEX - Volatility Comparison
Polen Global Emerging Markets Growth Fund (PGEIX) has a higher volatility of 12.59% compared to Dodge & Cox Emerging Markets Stock Fund (DODEX) at 5.89%. This indicates that PGEIX's price experiences larger fluctuations and is considered to be riskier than DODEX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PGEIX | DODEX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 12.59% | 5.89% | +6.70% |
Volatility (6M)Calculated over the trailing 6-month period | 36.29% | 14.62% | +21.67% |
Volatility (1Y)Calculated over the trailing 1-year period | 37.98% | 16.57% | +21.41% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 35.20% | 17.18% | +18.02% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 35.20% | 17.02% | +18.18% |
PGEIX vs. DODEX - Expense Ratio Comparison
PGEIX has a 1.25% expense ratio, which is higher than DODEX's 0.70% expense ratio.
Dividends
PGEIX vs. DODEX - Dividend Comparison
PGEIX has not paid dividends to shareholders, while DODEX's dividend yield for the trailing twelve months is around 2.32%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
DODEX Dodge & Cox Emerging Markets Stock Fund | 2.32% | 2.83% | 1.94% | 1.92% | 1.93% | 1.38% |
PGEIX Polen Global Emerging Markets Growth Fund | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
PGEIX and DODEX have a correlation of 0.79, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
PGEIX has higher volatility (12.59%) compared to DODEX (5.89%). In terms of maximum drawdown, PGEIX dropped -31.29% vs DODEX's -37.01%.
DODEX currently has the higher Sharpe Ratio (2.61 vs -0.13), 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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