PGEKX vs. FIQOX

Last updated Jun 25, 2026

PGEKX (Victory Pioneer Global Equity Fund Class R6) and FIQOX (Fidelity Advisor Worldwide Fund Class Z) are both Global Equities funds. Over the past 5 years, PGEKX returned 14.99%/yr vs 15.10%/yr for FIQOX. Their correlation of 0.86 suggests significant overlap in exposure. PGEKX charges 0.73%/yr vs 0.90%/yr for FIQOX.

Performance

PGEKX vs. FIQOX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Victory Pioneer Global Equity Fund Class R6 (PGEKX) and Fidelity Advisor Worldwide Fund Class Z (FIQOX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, PGEKX achieves a 12.79% return, which is significantly lower than FIQOX's 20.42% return.

PGEKX

• 1D: -1.70%
• 1M: -0.91%
• YTD: 12.79%
• 6M: 12.16%
• 1Y: 33.60%
• 3Y*: 24.83%
• 5Y*: 14.99%
• 10Y*: 14.71%

FIQOX

• 1D: -3.07%
• 1M: 2.86%
• YTD: 20.42%
• 6M: 19.25%
• 1Y: 35.86%
• 3Y*: 30.60%
• 5Y*: 15.10%
• 10Y*: —

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

PGEKX vs. FIQOX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018
PGEKX Victory Pioneer Global Equity Fund Class R6	12.79%	41.73%	11.88%	17.16%	-9.41%	23.83%	18.36%	23.81%	-12.72%
FIQOX Fidelity Advisor Worldwide Fund Class Z	20.42%	16.27%	46.05%	25.10%	-25.64%	18.58%	31.08%	29.13%	-10.40%

Correlation

The correlation between PGEKX and FIQOX 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 (3Y) Calculated over the trailing 3-year period	0.81
Correlation (5Y) Calculated over the trailing 5-year period	0.85
Correlation (All Time) Calculated using the full available price history since Oct 17, 2018	0.86

The correlation between PGEKX and FIQOX has been stable across timeframes, ranging from 0.79 to 0.86 - a consistent structural relationship.

Return for Risk

PGEKX vs. FIQOX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

PGEKX

PGEKX Risk / Return Rank: 84
PGEKX Sharpe Ratio Rank: 88
PGEKX Sortino Ratio Rank: 82
PGEKX Omega Ratio Rank: 80
PGEKX Calmar Ratio Rank: 85
PGEKX Martin Ratio Rank: 86

FIQOX

FIQOX Risk / Return Rank: 68
FIQOX Sharpe Ratio Rank: 64
FIQOX Sortino Ratio Rank: 56
FIQOX Omega Ratio Rank: 59
FIQOX Calmar Ratio Rank: 79
FIQOX Martin Ratio Rank: 84

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

PGEKX vs. FIQOX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Victory Pioneer Global Equity Fund Class R6 (PGEKX) and Fidelity Advisor Worldwide Fund Class Z (FIQOX). 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.

	PGEKX	FIQOX	Difference
Sharpe ratio: Return per unit of total volatility	2.53	2.04	+0.49
Sortino ratio: Return per unit of downside risk	3.35	2.69	+0.65
Omega ratio: Gain probability vs. loss probability	1.45	1.37	+0.08
Calmar ratio: Return relative to maximum drawdown	3.57	3.29	+0.28
Martin ratio: Return relative to average drawdown	14.03	13.89	+0.14

PGEKX vs. FIQOX - Sharpe Ratio Comparison

The current PGEKX Sharpe Ratio is 2.53, which is comparable to the FIQOX Sharpe Ratio of 2.04. The chart below compares the historical Sharpe Ratios of PGEKX and FIQOX, 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

PGEKX vs. FIQOX - Drawdown Comparison

The maximum PGEKX drawdown since its inception was -33.42%, roughly equal to the maximum FIQOX drawdown of -33.64%. Use the drawdown chart below to compare losses from any high point for PGEKX and FIQOX.

Drawdown Indicators

	PGEKX	FIQOX	Difference
Max Drawdown Largest peak-to-trough decline	-33.42%	-33.64%	+0.22%
Max Drawdown (1Y) Largest decline over 1 year	-9.97%	-11.74%	+1.77%
Max Drawdown (3Y) Largest decline over 3 years	-14.62%	-22.59%	+7.97%
Max Drawdown (5Y) Largest decline over 5 years	-23.53%	-33.64%	+10.11%
Max Drawdown (10Y) Largest decline over 10 years	-33.42%	—	—
Current Drawdown Current decline from peak	-3.02%	-3.07%	+0.05%
Average Drawdown Average peak-to-trough decline	-5.92%	-7.81%	+1.89%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.53%	2.77%	-0.24%

Volatility

PGEKX vs. FIQOX - Volatility Comparison

The current volatility for Victory Pioneer Global Equity Fund Class R6 (PGEKX) is 5.41%, while Fidelity Advisor Worldwide Fund Class Z (FIQOX) has a volatility of 8.43%. This indicates that PGEKX experiences smaller price fluctuations and is considered to be less risky than FIQOX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	PGEKX	FIQOX	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.41%	8.43%	-3.02%
Volatility (6M) Calculated over the trailing 6-month period	11.29%	15.44%	-4.15%
Volatility (1Y) Calculated over the trailing 1-year period	14.04%	18.92%	-4.88%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.70%	20.31%	-4.61%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.80%	21.29%	-4.49%

PGEKX vs. FIQOX - Expense Ratio Comparison

PGEKX has a 0.73% expense ratio, which is lower than FIQOX's 0.90% expense ratio.

Dividends

PGEKX vs. FIQOX - Dividend Comparison

PGEKX's dividend yield for the trailing twelve months is around 10.47%, more than FIQOX's 9.64% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FIQOX Fidelity Advisor Worldwide Fund Class Z	9.64%	11.60%	26.02%	1.10%	6.51%	12.99%	8.23%	5.09%	9.32%	0.00%	0.00%	0.00%
PGEKX Victory Pioneer Global Equity Fund Class R6	10.47%	11.80%	8.09%	1.91%	6.18%	21.47%	1.26%	1.37%	11.04%	1.83%	1.76%	1.10%

Frequently Asked Questions

Can I hold both PGEKX and FIQOX in my portfolio?

PGEKX and FIQOX 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.

Which is riskier, PGEKX or FIQOX?

FIQOX has higher volatility (8.43%) compared to PGEKX (5.41%). In terms of maximum drawdown, PGEKX dropped -33.42% vs FIQOX's -33.64%.

Which has better risk-adjusted returns?

PGEKX currently has the higher Sharpe Ratio (2.53 vs 2.04), 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.