PGROX vs. FGIAX

Last updated Jun 4, 2026

PGROX (BNY Mellon Worldwide Growth Fund) and FGIAX (Nuveen Global Infrastructure Fund Class A) are both Global Equities funds. Over the past 10 years, PGROX returned 12.19%/yr vs 8.40%/yr for FGIAX. A 0.76 correlation means they provide meaningful diversification when combined. PGROX charges 1.13%/yr vs 1.21%/yr for FGIAX.

Performance

PGROX vs. FGIAX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in BNY Mellon Worldwide Growth Fund (PGROX) and Nuveen Global Infrastructure Fund Class A (FGIAX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, PGROX achieves a 4.06% return, which is significantly lower than FGIAX's 9.87% return. Over the past 10 years, PGROX has outperformed FGIAX with an annualized return of 12.19%, while FGIAX has yielded a comparatively lower 8.40% annualized return.

PGROX

• 1D: -0.26%
• 1M: 2.75%
• YTD: 4.06%
• 6M: 3.74%
• 1Y: 14.18%
• 3Y*: 11.38%
• 5Y*: 7.32%
• 10Y*: 12.19%

FGIAX

• 1D: 1.44%
• 1M: -2.71%
• YTD: 9.87%
• 6M: 9.57%
• 1Y: 14.70%
• 3Y*: 14.40%
• 5Y*: 9.23%
• 10Y*: 8.40%

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

PGROX vs. FGIAX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
PGROX BNY Mellon Worldwide Growth Fund	4.06%	13.46%	7.88%	22.40%	-17.75%	23.85%	24.43%	34.92%	-8.66%	27.05%
FGIAX Nuveen Global Infrastructure Fund Class A	9.87%	17.73%	10.70%	8.51%	-6.23%	14.51%	-2.76%	29.32%	-7.91%	19.40%

Correlation

The correlation between PGROX and FGIAX is 0.32, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.32
Correlation (3Y) Calculated over the trailing 3-year period	0.45
Correlation (5Y) Calculated over the trailing 5-year period	0.61
Correlation (10Y) Calculated over the trailing 10-year period	0.66
Correlation (All Time) Calculated using the full available price history since Dec 19, 2007	0.76

Over the past year, the correlation between PGROX and FGIAX has dropped to 0.32 - well below their long-term average of 0.76, suggesting their price drivers have been diverging.

Return for Risk

PGROX vs. FGIAX — Risk / Return Rank

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

PGROX

PGROX Risk / Return Rank: 16
PGROX Sharpe Ratio Rank: 17
PGROX Sortino Ratio Rank: 17
PGROX Omega Ratio Rank: 16
PGROX Calmar Ratio Rank: 13
PGROX Martin Ratio Rank: 18

FGIAX

FGIAX Risk / Return Rank: 29
FGIAX Sharpe Ratio Rank: 24
FGIAX Sortino Ratio Rank: 23
FGIAX Omega Ratio Rank: 22
FGIAX Calmar Ratio Rank: 40
FGIAX Martin Ratio Rank: 37

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.

PGROX vs. FGIAX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for BNY Mellon Worldwide Growth Fund (PGROX) and Nuveen Global Infrastructure Fund Class A (FGIAX). 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.

	PGROX	FGIAX	Difference
Sharpe ratio: Return per unit of total volatility	1.17	1.39	-0.22
Sortino ratio: Return per unit of downside risk	1.70	1.99	-0.29
Omega ratio: Gain probability vs. loss probability	1.21	1.25	-0.04
Calmar ratio: Return relative to maximum drawdown	1.24	2.39	-1.15
Martin ratio: Return relative to average drawdown	4.87	8.11	-3.23
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

PGROX vs. FGIAX - Sharpe Ratio Comparison

The current PGROX Sharpe Ratio is 1.17, which is comparable to the FGIAX Sharpe Ratio of 1.39. The chart below compares the historical Sharpe Ratios of PGROX and FGIAX, 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

	PGROX	FGIAX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.17	1.39	-0.22
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.42	0.70	-0.29
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.68	0.55	+0.13
Sharpe Ratio (All Time) Calculated using the full available price history	0.56	0.41	+0.14

Drawdowns

PGROX vs. FGIAX - Drawdown Comparison

The maximum PGROX drawdown since its inception was -47.75%, roughly equal to the maximum FGIAX drawdown of -49.35%. Use the drawdown chart below to compare losses from any high point for PGROX and FGIAX.

Drawdown Indicators

	PGROX	FGIAX	Difference
Max Drawdown Largest peak-to-trough decline	-47.75%	-49.35%	+1.60%
Max Drawdown (1Y) Largest decline over 1 year	-11.70%	-6.04%	-5.66%
Max Drawdown (3Y) Largest decline over 3 years	-23.81%	-12.45%	-11.36%
Max Drawdown (5Y) Largest decline over 5 years	-26.99%	-21.08%	-5.91%
Max Drawdown (10Y) Largest decline over 10 years	-30.17%	-38.02%	+7.85%
Current Drawdown Current decline from peak	-0.26%	-4.05%	+3.79%
Average Drawdown Average peak-to-trough decline	-8.46%	-7.17%	-1.29%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.97%	1.78%	+1.19%

Volatility

PGROX vs. FGIAX - Volatility Comparison

The current volatility for BNY Mellon Worldwide Growth Fund (PGROX) is 3.15%, while Nuveen Global Infrastructure Fund Class A (FGIAX) has a volatility of 3.88%. This indicates that PGROX experiences smaller price fluctuations and is considered to be less risky than FGIAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	PGROX	FGIAX	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.15%	3.88%	-0.73%
Volatility (6M) Calculated over the trailing 6-month period	9.74%	8.65%	+1.09%
Volatility (1Y) Calculated over the trailing 1-year period	12.43%	10.42%	+2.01%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.71%	13.24%	+4.47%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.96%	15.23%	+2.73%

PGROX vs. FGIAX - Expense Ratio Comparison

PGROX has a 1.13% expense ratio, which is lower than FGIAX's 1.21% expense ratio.

Dividends

PGROX vs. FGIAX - Dividend Comparison

PGROX's dividend yield for the trailing twelve months is around 17.05%, more than FGIAX's 14.52% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FGIAX Nuveen Global Infrastructure Fund Class A	14.52%	9.99%	7.46%	2.27%	6.11%	7.20%	1.38%	7.06%	6.32%	5.83%	8.23%	3.05%
PGROX BNY Mellon Worldwide Growth Fund	17.05%	17.72%	11.89%	1.88%	7.61%	8.12%	4.05%	7.44%	13.96%	13.45%	8.19%	8.46%

Frequently Asked Questions

Can I hold both PGROX and FGIAX in my portfolio?

PGROX and FGIAX have a correlation of 0.32, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, PGROX or FGIAX?

FGIAX has higher volatility (3.88%) compared to PGROX (3.15%). In terms of maximum drawdown, PGROX dropped -47.75% vs FGIAX's -49.35%.

Which has better risk-adjusted returns?

FGIAX currently has the higher Sharpe Ratio (1.39 vs 1.17), 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.