PGOFX vs. IJT
PGOFX (Pioneer Select Mid Cap Growth Fund) and IJT (iShares S&P SmallCap 600 Growth ETF) are both funds - PGOFX is a Mid Cap Growth Equities fund managed by Amundi, while IJT is a Small Cap Growth Equities fund tracking the S&P SmallCap 600 Growth Index. Over the past 10 years, PGOFX returned 13.12%/yr vs 11.04%/yr for IJT. Their correlation of 0.85 means they have usually moved in the same direction. PGOFX charges 0.99%/yr vs 0.18%/yr for IJT.
Performance
PGOFX vs. IJT - Performance Comparison
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Returns By Period
In the year-to-date period, PGOFX achieves a 16.32% return, which is significantly lower than IJT's 22.72% return. Over the past 10 years, PGOFX has outperformed IJT with an annualized return of 13.12%, while IJT has yielded a comparatively lower 11.04% annualized return.
PGOFX
- 1D
- 3.54%
- 1M
- -5.17%
- 6M
- 12.36%
- YTD
- 16.32%
- 1Y
- 24.09%
- 3Y*
- 21.22%
- 5Y*
- 6.45%
- 10Y*
- 13.12%
- ALL TIME*
- 10.39%
IJT
- 1D
- -0.21%
- 1M
- -1.81%
- 6M
- 17.16%
- YTD
- 22.72%
- 1Y
- 32.44%
- 3Y*
- 13.98%
- 5Y*
- 6.52%
- 10Y*
- 11.04%
- ALL TIME*
- 9.57%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $37.02M | $33.10M | $30.37M | |
| $0.00 | $0.00 | $0.00 |
PGOFX vs. IJT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
PGOFX Pioneer Select Mid Cap Growth Fund | 16.32% | 20.66% | 23.84% | 18.66% | -31.26% | 8.06% | 38.86% | 32.73% | -5.77% | 29.88% |
IJT iShares S&P SmallCap 600 Growth ETF | 22.72% | 5.26% | 9.33% | 17.11% | -21.32% | 22.37% | 19.22% | 20.98% | -4.40% | 14.47% |
Correlation
The correlation between PGOFX and IJT is 0.77, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.77 |
Correlation (3Y) Balances recent behavior with more history. | 0.77 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.82 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.81 |
Correlation (All Time) Calculated using the full available price history since Jul 28, 2000 | 0.85 |
The correlation between PGOFX and IJT has been stable across timeframes, ranging from 0.77 to 0.85 - a consistent structural relationship.
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Return for Risk
PGOFX vs. IJT — Risk / Return Rank
PGOFX
IJT
PGOFX vs. IJT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Pioneer Select Mid Cap Growth Fund (PGOFX) and iShares S&P SmallCap 600 Growth ETF (IJT). 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.
| PGOFX | IJT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.76 | ||
| Sortino ratioReturn per unit of downside risk | -1.14 | ||
| Omega ratioGain probability vs. loss probability | 1.17 | 1.30 | -0.13 |
| Calmar ratioReturn relative to maximum drawdown | 1.90 | 3.35 | -1.45 |
| Martin ratioReturn relative to average drawdown | 6.64 | 11.32 | -4.68 |
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Drawdowns
PGOFX vs. IJT - Drawdown Comparison
The maximum PGOFX drawdown since its inception was -62.17%, which is greater than IJT's maximum drawdown of -57.61%. Use the drawdown chart below to compare losses from any high point for PGOFX and IJT.
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Drawdown Indicators
| PGOFX | IJT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -62.17% | -57.61% | -4.56% |
Max Drawdown (1Y)Largest decline over 1 year | -10.96% | -9.08% | -1.88% |
Max Drawdown (3Y)Largest decline over 3 years | -28.15% | -27.41% | -0.74% |
Max Drawdown (5Y)Largest decline over 5 years | -39.78% | -29.24% | -10.54% |
Max Drawdown (10Y)Largest decline over 10 years | -39.78% | -42.03% | +2.25% |
Current DrawdownCurrent decline from peak | -7.81% | -3.30% | -4.51% |
Average DrawdownAverage peak-to-trough decline | -11.66% | -10.25% | -1.41% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.16% | 2.68% | +0.48% |
Volatility
PGOFX vs. IJT - Volatility Comparison
Pioneer Select Mid Cap Growth Fund (PGOFX) has a higher volatility of 7.59% compared to iShares S&P SmallCap 600 Growth ETF (IJT) at 4.09%. This indicates that PGOFX's price experiences larger fluctuations and is considered to be riskier than IJT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PGOFX | IJT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.59% | 4.09% | +3.50% |
Volatility (6M)Calculated over the trailing 6-month period | 17.71% | 12.94% | +4.77% |
Volatility (1Y)Calculated over the trailing 1-year period | 21.92% | 17.87% | +4.05% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 23.97% | 21.48% | +2.49% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 23.22% | 23.00% | +0.22% |
PGOFX vs. IJT - Expense Ratio Comparison
PGOFX has a 0.99% expense ratio, which is higher than IJT's 0.18% expense ratio.
Dividends
PGOFX vs. IJT - Dividend Comparison
PGOFX's dividend yield for the trailing twelve months is around 14.28%, more than IJT's 0.70% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IJT iShares S&P SmallCap 600 Growth ETF | 0.70% | 0.91% | 1.06% | 1.02% | 1.08% | 0.63% | 0.68% | 0.92% | 0.92% | 0.86% | 1.03% | 1.14% |
PGOFX Pioneer Select Mid Cap Growth Fund | 14.28% | 16.61% | 12.14% | 0.00% | 1.84% | 11.47% | 13.77% | 1.37% | 16.05% | 8.32% | 1.69% | 8.90% |
Frequently Asked Questions
PGOFX and IJT have a correlation of 0.77, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
PGOFX has higher volatility (7.59%) compared to IJT (4.09%). In terms of maximum drawdown, PGOFX dropped -62.17% vs IJT's -57.61%.
IJT currently has the higher Sharpe Ratio (1.71 vs 0.95), 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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