PIGDX vs. DFWVX

Last updated Jun 4, 2026

PIGDX (Federated Hermes International Growth Fund) and DFWVX (DFA World ex U.S. Value Portfolio Fund) are both Foreign Large Cap Equities funds. Over the past 5 years, PIGDX returned -22.87%/yr vs 16.46%/yr for DFWVX. A 0.78 correlation means they provide meaningful diversification when combined. PIGDX charges 0.84%/yr vs 0.40%/yr for DFWVX.

Performance

PIGDX vs. DFWVX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Federated Hermes International Growth Fund (PIGDX) and DFA World ex U.S. Value Portfolio Fund (DFWVX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, PIGDX achieves a 19.23% return, which is significantly higher than DFWVX's 17.30% return.

PIGDX

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

DFWVX

• 1D: 0.75%
• 1M: 5.65%
• YTD: 17.30%
• 6M: 20.85%
• 1Y: 41.46%
• 3Y*: 24.46%
• 5Y*: 16.46%
• 10Y*: 29.51%

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

PIGDX vs. DFWVX - 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%
DFWVX DFA World ex U.S. Value Portfolio Fund	17.30%	40.30%	6.66%	17.37%	-6.41%	32.65%	-0.40%	344.89%	-16.69%	26.63%

Correlation

The correlation between PIGDX and DFWVX is 0.74, 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	0.74
Correlation (3Y) Calculated over the trailing 3-year period	0.76
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	0.78

The correlation between PIGDX and DFWVX has been stable across timeframes, ranging from 0.74 to 0.80 - a consistent structural relationship.

Return for Risk

PIGDX vs. DFWVX — 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

DFWVX

DFWVX Risk / Return Rank: 88
DFWVX Sharpe Ratio Rank: 94
DFWVX Sortino Ratio Rank: 90
DFWVX Omega Ratio Rank: 88
DFWVX Calmar Ratio Rank: 87
DFWVX Martin Ratio Rank: 84

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. DFWVX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Federated Hermes International Growth Fund (PIGDX) and DFA World ex U.S. Value Portfolio Fund (DFWVX). 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	DFWVX	Difference
Sharpe ratio Return per unit of total volatility	-0.91	3.26	-4.17
Sortino ratio Return per unit of downside risk	-0.73	4.35	-5.08
Omega ratio Gain probability vs. loss probability	0.65	1.61	-0.96
Calmar ratio Return relative to maximum drawdown	-0.94	4.20	-5.14
Martin ratio Return relative to average drawdown	-1.45	15.89	-17.34
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. DFWVX - Sharpe Ratio Comparison

The current PIGDX Sharpe Ratio is -0.91, which is lower than the DFWVX Sharpe Ratio of 3.26. The chart below compares the historical Sharpe Ratios of PIGDX and DFWVX, 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

	PIGDX	DFWVX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.91	3.26	-4.17
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.60	1.03	-1.63
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.85	—
Sharpe Ratio (All Time) Calculated using the full available price history	-0.15	0.72	-0.87

Drawdowns

PIGDX vs. DFWVX - Drawdown Comparison

The maximum PIGDX drawdown since its inception was -79.94%, which is greater than DFWVX's maximum drawdown of -41.32%. Use the drawdown chart below to compare losses from any high point for PIGDX and DFWVX.

Drawdown Indicators

	PIGDX	DFWVX	Difference
Max Drawdown Largest peak-to-trough decline	-79.94%	-41.32%	-38.62%
Max Drawdown (1Y) Largest decline over 1 year	-78.87%	-9.91%	-68.96%
Max Drawdown (3Y) Largest decline over 3 years	-78.87%	-14.11%	-64.76%
Max Drawdown (5Y) Largest decline over 5 years	-79.94%	-24.59%	-55.35%
Max Drawdown (10Y) Largest decline over 10 years	—	-41.32%	—
Current Drawdown Current decline from peak	-75.52%	0.00%	-75.52%
Average Drawdown Average peak-to-trough decline	-17.08%	-7.08%	-10.00%
Ulcer Index Depth and duration of drawdowns from previous peaks	49.05%	2.60%	+46.45%

Volatility

PIGDX vs. DFWVX - Volatility Comparison

Federated Hermes International Growth Fund (PIGDX) has a higher volatility of 5.45% compared to DFA World ex U.S. Value Portfolio Fund (DFWVX) at 4.18%. This indicates that PIGDX's price experiences larger fluctuations and is considered to be riskier than DFWVX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	PIGDX	DFWVX	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.45%	4.18%	+1.27%
Volatility (6M) Calculated over the trailing 6-month period	147.00%	10.52%	+136.48%
Volatility (1Y) Calculated over the trailing 1-year period	81.92%	12.77%	+69.15%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	39.05%	16.06%	+22.99%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	30.96%	34.91%	-3.95%

PIGDX vs. DFWVX - Expense Ratio Comparison

PIGDX has a 0.84% expense ratio, which is higher than DFWVX's 0.40% expense ratio.

Dividends

PIGDX vs. DFWVX - Dividend Comparison

PIGDX has not paid dividends to shareholders, while DFWVX's dividend yield for the trailing twelve months is around 3.37%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
DFWVX DFA World ex U.S. Value Portfolio Fund	3.37%	3.66%	4.28%	4.30%	3.75%	15.97%	2.43%	110.54%	5.26%	2.70%	2.92%	2.77%
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 DFWVX in my portfolio?

PIGDX and DFWVX have a correlation of 0.74, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, PIGDX or DFWVX?

PIGDX has higher volatility (5.45%) compared to DFWVX (4.18%). In terms of maximum drawdown, PIGDX dropped -79.94% vs DFWVX's -41.32%.

Which has better risk-adjusted returns?

DFWVX currently has the higher Sharpe Ratio (3.26 vs -0.91), 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.