PGVFX vs. IGLGX

Last updated Jun 23, 2026

PGVFX (Polaris Global Value Fund) and IGLGX (Columbia Select Global Equity Fund) are both Global Equities funds. Over the past 10 years, PGVFX returned 11.11%/yr vs 14.70%/yr for IGLGX. A 0.75 correlation means they provide meaningful diversification when combined. PGVFX charges 0.99%/yr vs 1.25%/yr for IGLGX.

Performance

PGVFX vs. IGLGX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Polaris Global Value Fund (PGVFX) and Columbia Select Global Equity Fund (IGLGX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

The year-to-date returns for both stocks are quite close, with PGVFX having a 20.41% return and IGLGX slightly lower at 20.13%. Over the past 10 years, PGVFX has underperformed IGLGX with an annualized return of 11.11%, while IGLGX has yielded a comparatively higher 14.70% annualized return.

PGVFX

• 1D: 0.25%
• 1M: 1.79%
• YTD: 20.41%
• 6M: 20.73%
• 1Y: 39.85%
• 3Y*: 20.64%
• 5Y*: 10.69%
• 10Y*: 11.11%

IGLGX

• 1D: 2.13%
• 1M: 6.78%
• YTD: 20.13%
• 6M: 19.89%
• 1Y: 34.51%
• 3Y*: 21.36%
• 5Y*: 10.35%
• 10Y*: 14.70%

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

PGVFX vs. IGLGX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
PGVFX Polaris Global Value Fund	20.41%	27.01%	5.33%	14.76%	-12.00%	15.38%	6.65%	22.83%	-12.64%	20.60%
IGLGX Columbia Select Global Equity Fund	20.13%	17.39%	17.49%	24.47%	-28.14%	23.11%	26.62%	34.96%	-1.70%	32.23%

Correlation

The correlation between PGVFX and IGLGX is 0.46, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.46
Correlation (3Y) Calculated over the trailing 3-year period	0.56
Correlation (5Y) Calculated over the trailing 5-year period	0.64
Correlation (10Y) Calculated over the trailing 10-year period	0.63
Correlation (All Time) Calculated using the full available price history since May 29, 1998	0.75

Over the past year, the correlation between PGVFX and IGLGX has dropped to 0.46 - well below their long-term average of 0.75, suggesting their price drivers have been diverging.

Return for Risk

PGVFX vs. IGLGX — Risk / Return Rank

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

PGVFX

PGVFX Risk / Return Rank: 92
PGVFX Sharpe Ratio Rank: 96
PGVFX Sortino Ratio Rank: 94
PGVFX Omega Ratio Rank: 90
PGVFX Calmar Ratio Rank: 91
PGVFX Martin Ratio Rank: 90

IGLGX

IGLGX Risk / Return Rank: 51
IGLGX Sharpe Ratio Rank: 49
IGLGX Sortino Ratio Rank: 45
IGLGX Omega Ratio Rank: 47
IGLGX Calmar Ratio Rank: 52
IGLGX Martin Ratio Rank: 60

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.

PGVFX vs. IGLGX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Polaris Global Value Fund (PGVFX) and Columbia Select Global Equity Fund (IGLGX). 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.

	PGVFX	IGLGX	Difference
Sharpe ratio: Return per unit of total volatility	3.24	1.90	+1.34
Sortino ratio: Return per unit of downside risk	4.50	2.62	+1.89
Omega ratio: Gain probability vs. loss probability	1.61	1.34	+0.26
Calmar ratio: Return relative to maximum drawdown	4.53	2.65	+1.87
Martin ratio: Return relative to average drawdown	16.30	11.18	+5.12

PGVFX vs. IGLGX - Sharpe Ratio Comparison

The current PGVFX Sharpe Ratio is 3.24, which is higher than the IGLGX Sharpe Ratio of 1.90. The chart below compares the historical Sharpe Ratios of PGVFX and IGLGX, 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

PGVFX vs. IGLGX - Drawdown Comparison

The maximum PGVFX drawdown since its inception was -68.09%, which is greater than IGLGX's maximum drawdown of -60.11%. Use the drawdown chart below to compare losses from any high point for PGVFX and IGLGX.

Drawdown Indicators

	PGVFX	IGLGX	Difference
Max Drawdown Largest peak-to-trough decline	-68.09%	-60.11%	-7.98%
Max Drawdown (1Y) Largest decline over 1 year	-8.76%	-12.75%	+3.99%
Max Drawdown (3Y) Largest decline over 3 years	-12.53%	-18.67%	+6.14%
Max Drawdown (5Y) Largest decline over 5 years	-27.58%	-35.73%	+8.15%
Max Drawdown (10Y) Largest decline over 10 years	-41.26%	-35.73%	-5.53%
Current Drawdown Current decline from peak	-0.33%	0.00%	-0.33%
Average Drawdown Average peak-to-trough decline	-11.28%	-14.61%	+3.33%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.43%	3.02%	-0.59%

Volatility

PGVFX vs. IGLGX - Volatility Comparison

The current volatility for Polaris Global Value Fund (PGVFX) is 4.23%, while Columbia Select Global Equity Fund (IGLGX) has a volatility of 7.77%. This indicates that PGVFX experiences smaller price fluctuations and is considered to be less risky than IGLGX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	PGVFX	IGLGX	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.23%	7.77%	-3.54%
Volatility (6M) Calculated over the trailing 6-month period	10.15%	15.57%	-5.42%
Volatility (1Y) Calculated over the trailing 1-year period	12.24%	17.80%	-5.56%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	13.86%	18.89%	-5.03%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.87%	18.75%	-2.88%

PGVFX vs. IGLGX - Expense Ratio Comparison

PGVFX has a 0.99% expense ratio, which is lower than IGLGX's 1.25% expense ratio.

Dividends

PGVFX vs. IGLGX - Dividend Comparison

PGVFX's dividend yield for the trailing twelve months is around 4.30%, less than IGLGX's 7.71% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
IGLGX Columbia Select Global Equity Fund	7.71%	9.26%	6.61%	4.42%	0.00%	9.10%	8.52%	2.98%	11.20%	0.42%	0.00%	0.01%
PGVFX Polaris Global Value Fund	4.30%	5.17%	5.65%	1.68%	3.55%	4.05%	1.55%	3.69%	3.39%	1.50%	1.32%	1.26%

Frequently Asked Questions

Can I hold both PGVFX and IGLGX in my portfolio?

PGVFX and IGLGX have a correlation of 0.46, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, PGVFX or IGLGX?

IGLGX has higher volatility (7.77%) compared to PGVFX (4.23%). In terms of maximum drawdown, PGVFX dropped -68.09% vs IGLGX's -60.11%.

Which has better risk-adjusted returns?

PGVFX currently has the higher Sharpe Ratio (3.24 vs 1.90), 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.