PIGDX vs. ANDIX

Last updated Jun 4, 2026

PIGDX (Federated Hermes International Growth Fund) and ANDIX (AQR International Defensive Style Fund) are both Foreign Large Cap Equities funds. Their correlation of 0.81 suggests significant overlap in exposure. PIGDX charges 0.84%/yr vs 0.55%/yr for ANDIX.

Performance

PIGDX vs. ANDIX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Federated Hermes International Growth Fund (PIGDX) and AQR International Defensive Style Fund (ANDIX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

PIGDX

• 1D: 0.65%
• 1M: 6.16%
• YTD: 19.23%
• 6M: -72.71%
• 1Y: -71.12%
• 3Y*: -29.26%
• 5Y*: -22.87%
• 10Y*: —

ANDIX

• 1D: —
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

PIGDX vs. ANDIX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
PIGDX Federated Hermes International Growth Fund	19.23%	-72.44%	6.47%	8.80%	-29.43%	6.85%	43.18%	26.99%	-13.33%	41.55%
ANDIX AQR International Defensive Style Fund	5.63%	21.41%	2.83%	12.06%	-14.26%	7.59%	8.43%	18.39%	-10.35%	22.53%

Correlation

The correlation between PIGDX and ANDIX is 0.58, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.58
Correlation (3Y) Calculated over the trailing 3-year period	0.72
Correlation (5Y) Calculated over the trailing 5-year period	0.80
Correlation (All Time) Calculated using the full available price history since Jan 4, 2017	0.81

Over the past year, the correlation between PIGDX and ANDIX has dropped to 0.58 - well below their long-term average of 0.81, suggesting their price drivers have been diverging.

Return for Risk

PIGDX vs. ANDIX — 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: 1
PIGDX Sortino Ratio Rank: 1
PIGDX Omega Ratio Rank: 0
PIGDX Calmar Ratio Rank: 0
PIGDX Martin Ratio Rank: 1

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. ANDIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Federated Hermes International Growth Fund (PIGDX) and AQR International Defensive Style Fund (ANDIX). 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	ANDIX	Difference
Sharpe ratio: Return per unit of total volatility	-0.91	—	—
Sortino ratio: Return per unit of downside risk	-0.73	—	—
Omega ratio: Gain probability vs. loss probability	0.65	—	—
Calmar ratio: Return relative to maximum drawdown	-0.94	—	—
Martin ratio: Return relative to average drawdown	-1.45	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	PIGDX	ANDIX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.91	—	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.60	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	-0.15	—	—

Drawdowns

Drawdown Indicators

	PIGDX	ANDIX	Difference
Max Drawdown Largest peak-to-trough decline	-79.94%	—	—
Max Drawdown (1Y) Largest decline over 1 year	-78.87%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-78.87%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-79.94%	—	—
Current Drawdown Current decline from peak	-75.52%	—	—
Average Drawdown Average peak-to-trough decline	-17.08%	—	—
Ulcer Index Depth and duration of drawdowns from previous peaks	49.05%	—	—

Volatility

Volatility by Period

	PIGDX	ANDIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.45%	—	—
Volatility (6M) Calculated over the trailing 6-month period	147.00%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	81.92%	—	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	39.05%	—	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	30.96%	—	—

PIGDX vs. ANDIX - Expense Ratio Comparison

PIGDX has a 0.84% expense ratio, which is higher than ANDIX's 0.55% expense ratio.

Dividends

PIGDX vs. ANDIX - Dividend Comparison

PIGDX has not paid dividends to shareholders, while ANDIX's dividend yield for the trailing twelve months is around 70.16%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
ANDIX AQR International Defensive Style Fund	70.16%	4.74%	2.29%	3.02%	2.00%	2.53%	1.73%	2.51%	2.40%	3.30%	1.47%	2.09%
PIGDX Federated Hermes International Growth Fund	0.00%	0.00%	1.98%	1.24%	2.03%	3.98%	4.51%	4.64%	16.19%	1.26%	0.00%	0.00%

Frequently Asked Questions

Can I hold both PIGDX and ANDIX in my portfolio?

PIGDX and ANDIX have a correlation of 0.58, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.