PIGDX vs. ^GSPC

Last updated Apr 2, 2026

Compare and contrast key facts about Federated Hermes International Growth Fund (PIGDX) and S&P 500 Index (^GSPC).

PIGDX is managed by Federated. It was launched on Feb 28, 2016.

Performance

PIGDX vs. ^GSPC - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Federated Hermes International Growth Fund (PIGDX) and S&P 500 Index (^GSPC). The values are adjusted to include any dividend payments, if applicable.

PIGDX vs. ^GSPC - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
PIGDX Federated Hermes International Growth Fund	0.77%	-72.44%	6.47%	8.80%	-29.43%	6.85%	43.18%	26.99%	-13.33%	41.55%
^GSPC S&P 500 Index	-3.95%	16.39%	23.31%	24.23%	-19.44%	26.89%	16.26%	28.88%	-6.24%	18.42%

Returns By Period

In the year-to-date period, PIGDX achieves a 0.77% return, which is significantly higher than ^GSPC's -3.95% return.

PIGDX

• 1D: 3.15%
• 1M: -8.18%
• YTD: 0.77%
• 6M: -77.76%
• 1Y: -73.30%
• 3Y*: -33.02%
• 5Y*: -24.75%
• 10Y*: —

^GSPC

• 1D: 0.72%
• 1M: -4.45%
• YTD: -3.95%
• 6M: -2.02%
• 1Y: 16.73%
• 3Y*: 16.96%
• 5Y*: 10.34%
• 10Y*: 12.24%

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

Return for Risk

PIGDX vs. ^GSPC — Risk / Return Rank

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

PIGDX

PIGDX Risk / Return Rank: 0
PIGDX Sharpe Ratio Rank: 0
PIGDX Sortino Ratio Rank: 1
PIGDX Omega Ratio Rank: 0
PIGDX Calmar Ratio Rank: 0
PIGDX Martin Ratio Rank: 0

^GSPC

^GSPC Risk / Return Rank: 67
^GSPC Sharpe Ratio Rank: 63
^GSPC Sortino Ratio Rank: 64
^GSPC Omega Ratio Rank: 69
^GSPC Calmar Ratio Rank: 60
^GSPC Martin Ratio Rank: 77

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.

PIGDX vs. ^GSPC - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Federated Hermes International Growth Fund (PIGDX) and S&P 500 Index (^GSPC). 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.

	PIGDX	^GSPC	Difference
Sharpe ratio Return per unit of total volatility	-0.93	0.92	-1.84
Sortino ratio Return per unit of downside risk	-0.82	1.41	-2.23
Omega ratio Gain probability vs. loss probability	0.62	1.21	-0.59
Calmar ratio Return relative to maximum drawdown	-0.93	1.41	-2.35
Martin ratio Return relative to average drawdown	-1.95	6.61	-8.56
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

PIGDX vs. ^GSPC - Sharpe Ratio Comparison

The current PIGDX Sharpe Ratio is -0.93, which is lower than the ^GSPC Sharpe Ratio of 0.92. The chart below compares the historical Sharpe Ratios of PIGDX and ^GSPC, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	PIGDX	^GSPC	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.93	0.92	-1.84
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.65	0.61	-1.26
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.68	—
Sharpe Ratio (All Time) Calculated using the full available price history	-0.21	0.46	-0.67

Correlation

The correlation between PIGDX and ^GSPC is 0.76, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.

Drawdowns

PIGDX vs. ^GSPC - Drawdown Comparison

The maximum PIGDX drawdown since its inception was -79.94%, which is greater than ^GSPC's maximum drawdown of -56.78%. Use the drawdown chart below to compare losses from any high point for PIGDX and ^GSPC.

Drawdown Indicators

	PIGDX	^GSPC	Difference
Max Drawdown Largest peak-to-trough decline	-79.94%	-56.78%	-23.16%
Max Drawdown (1Y) Largest decline over 1 year	-78.87%	-12.14%	-66.73%
Max Drawdown (5Y) Largest decline over 5 years	-79.94%	-25.43%	-54.51%
Max Drawdown (10Y) Largest decline over 10 years	—	-33.92%	—
Current Drawdown Current decline from peak	-79.31%	-5.78%	-73.53%
Average Drawdown Average peak-to-trough decline	-15.96%	-10.75%	-5.21%
Ulcer Index Depth and duration of drawdowns from previous peaks	37.85%	2.60%	+35.25%

Volatility

PIGDX vs. ^GSPC - Volatility Comparison

Federated Hermes International Growth Fund (PIGDX) has a higher volatility of 7.70% compared to S&P 500 Index (^GSPC) at 5.37%. This indicates that PIGDX's price experiences larger fluctuations and is considered to be riskier than ^GSPC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	PIGDX	^GSPC	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.70%	5.37%	+2.33%
Volatility (6M) Calculated over the trailing 6-month period	146.68%	9.55%	+137.13%
Volatility (1Y) Calculated over the trailing 1-year period	82.14%	18.33%	+63.81%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	38.97%	16.90%	+22.07%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	31.11%	18.05%	+13.06%