PGIIX vs. POLIX

Last updated Jun 4, 2026

PGIIX (Polen Global Growth Fund) and POLIX (Polen Growth Fund) are both mutual funds - PGIIX is a Global Equities fund managed by Polen Capital, while POLIX is a Large Cap Growth Equities fund managed by Polen Capital. Over the past 10 years, PGIIX returned 10.58%/yr vs 12.52%/yr for POLIX. With a 0.95 correlation, they move nearly in lockstep. PGIIX charges 0.99%/yr vs 0.96%/yr for POLIX.

Performance

PGIIX vs. POLIX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Polen Global Growth Fund (PGIIX) and Polen Growth Fund (POLIX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, PGIIX achieves a -4.27% return, which is significantly higher than POLIX's -4.92% return. Over the past 10 years, PGIIX has underperformed POLIX with an annualized return of 10.58%, while POLIX has yielded a comparatively higher 12.52% annualized return.

PGIIX

• 1D: -0.98%
• 1M: 3.30%
• YTD: -4.27%
• 6M: -4.40%
• 1Y: -3.39%
• 3Y*: 8.16%
• 5Y*: 2.41%
• 10Y*: 10.58%

POLIX

• 1D: -1.59%
• 1M: 4.71%
• YTD: -4.92%
• 6M: -5.43%
• 1Y: -0.39%
• 3Y*: 11.17%
• 5Y*: 3.76%
• 10Y*: 12.52%

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

PGIIX vs. POLIX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
PGIIX Polen Global Growth Fund	-4.27%	1.91%	16.43%	31.09%	-31.20%	17.43%	23.67%	35.47%	2.48%	31.52%
POLIX Polen Growth Fund	-4.92%	3.87%	22.57%	39.17%	-38.36%	23.51%	33.25%	37.34%	7.74%	26.47%

Correlation

The correlation between PGIIX and POLIX is 0.95, 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	0.95
Correlation (3Y) Calculated over the trailing 3-year period	0.95
Correlation (5Y) Calculated over the trailing 5-year period	0.96
Correlation (10Y) Calculated over the trailing 10-year period	0.95
Correlation (All Time) Calculated using the full available price history since Jan 2, 2015	0.95

The correlation between PGIIX and POLIX has been stable across timeframes, ranging from 0.95 to 0.96 - a consistent structural relationship.

Return for Risk

PGIIX vs. POLIX — Risk / Return Rank

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

PGIIX

PGIIX Risk / Return Rank: 2
PGIIX Sharpe Ratio Rank: 2
PGIIX Sortino Ratio Rank: 2
PGIIX Omega Ratio Rank: 2
PGIIX Calmar Ratio Rank: 2
PGIIX Martin Ratio Rank: 2

POLIX

POLIX Risk / Return Rank: 3
POLIX Sharpe Ratio Rank: 3
POLIX Sortino Ratio Rank: 3
POLIX Omega Ratio Rank: 3
POLIX Calmar Ratio Rank: 3
POLIX Martin Ratio Rank: 2

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.

PGIIX vs. POLIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Polen Global Growth Fund (PGIIX) and Polen Growth Fund (POLIX). 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.

	PGIIX	POLIX	Difference
Sharpe ratio Return per unit of total volatility	-0.20	0.00	-0.20
Sortino ratio Return per unit of downside risk	-0.17	0.11	-0.28
Omega ratio Gain probability vs. loss probability	0.98	1.01	-0.03
Calmar ratio Return relative to maximum drawdown	-0.14	0.00	-0.14
Martin ratio Return relative to average drawdown	-0.35	0.00	-0.35
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

PGIIX vs. POLIX - Sharpe Ratio Comparison

The current PGIIX Sharpe Ratio is -0.20, which is lower than the POLIX Sharpe Ratio of 0.00. The chart below compares the historical Sharpe Ratios of PGIIX and POLIX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	PGIIX	POLIX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.20	0.00	-0.20
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.12	0.17	-0.04
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.55	0.58	-0.02
Sharpe Ratio (All Time) Calculated using the full available price history	0.54	0.67	-0.13

Drawdowns

PGIIX vs. POLIX - Drawdown Comparison

The maximum PGIIX drawdown since its inception was -37.09%, smaller than the maximum POLIX drawdown of -42.84%. Use the drawdown chart below to compare losses from any high point for PGIIX and POLIX.

Drawdown Indicators

	PGIIX	POLIX	Difference
Max Drawdown Largest peak-to-trough decline	-37.09%	-42.84%	+5.75%
Max Drawdown (1Y) Largest decline over 1 year	-22.38%	-23.94%	+1.56%
Max Drawdown (3Y) Largest decline over 3 years	-22.38%	-23.94%	+1.56%
Max Drawdown (5Y) Largest decline over 5 years	-37.09%	-42.84%	+5.75%
Max Drawdown (10Y) Largest decline over 10 years	-37.09%	-42.84%	+5.75%
Current Drawdown Current decline from peak	-9.44%	-9.04%	-0.40%
Average Drawdown Average peak-to-trough decline	-7.03%	-7.08%	+0.05%
Ulcer Index Depth and duration of drawdowns from previous peaks	8.84%	9.56%	-0.72%

Volatility

PGIIX vs. POLIX - Volatility Comparison

The current volatility for Polen Global Growth Fund (PGIIX) is 3.88%, while Polen Growth Fund (POLIX) has a volatility of 4.44%. This indicates that PGIIX experiences smaller price fluctuations and is considered to be less risky than POLIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	PGIIX	POLIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.88%	4.44%	-0.56%
Volatility (6M) Calculated over the trailing 6-month period	12.25%	13.10%	-0.85%
Volatility (1Y) Calculated over the trailing 1-year period	15.74%	16.76%	-1.02%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	19.59%	22.96%	-3.37%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.25%	21.89%	-2.64%

PGIIX vs. POLIX - Expense Ratio Comparison

PGIIX has a 0.99% expense ratio, which is higher than POLIX's 0.96% expense ratio.

Dividends

PGIIX vs. POLIX - Dividend Comparison

PGIIX's dividend yield for the trailing twelve months is around 22.58%, less than POLIX's 38.24% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
PGIIX Polen Global Growth Fund	22.58%	21.62%	7.45%	0.00%	1.15%	2.48%	0.00%	0.04%	1.93%	0.00%	0.05%	0.09%
POLIX Polen Growth Fund	38.24%	36.35%	10.47%	0.00%	10.54%	3.97%	1.25%	0.12%	2.77%	1.66%	0.01%	4.29%

Frequently Asked Questions

Can I hold both PGIIX and POLIX in my portfolio?

With a correlation of 0.95, PGIIX and POLIX move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which is riskier, PGIIX or POLIX?

POLIX has higher volatility (4.44%) compared to PGIIX (3.88%). In terms of maximum drawdown, PGIIX dropped -37.09% vs POLIX's -42.84%.

Which has better risk-adjusted returns?

POLIX currently has the higher Sharpe Ratio (0.00 vs -0.20), 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.