PIGFX vs. ^GSPC

Last updated Apr 2, 2026

Compare and contrast key facts about Pioneer Fundamental Growth Fund (PIGFX) and S&P 500 Index (^GSPC).

PIGFX is managed by Amundi. It was launched on Aug 22, 2002.

Performance

PIGFX vs. ^GSPC - Performance Comparison

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

PIGFX vs. ^GSPC - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
PIGFX Pioneer Fundamental Growth Fund	-9.23%	14.20%	17.46%	32.80%	-20.79%	23.80%	27.20%	33.88%	-0.64%	22.58%
^GSPC S&P 500 Index	-3.95%	16.39%	23.31%	24.23%	-19.44%	26.89%	16.26%	28.88%	-6.24%	19.42%

Returns By Period

In the year-to-date period, PIGFX achieves a -9.23% return, which is significantly lower than ^GSPC's -3.95% return. Over the past 10 years, PIGFX has outperformed ^GSPC with an annualized return of 12.92%, while ^GSPC has yielded a comparatively lower 12.24% annualized return.

PIGFX

• 1D: 3.07%
• 1M: -4.72%
• YTD: -9.23%
• 6M: -8.09%
• 1Y: 9.09%
• 3Y*: 14.23%
• 5Y*: 8.80%
• 10Y*: 12.92%

^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

PIGFX vs. ^GSPC — Risk / Return Rank

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

PIGFX

PIGFX Risk / Return Rank: 17
PIGFX Sharpe Ratio Rank: 15
PIGFX Sortino Ratio Rank: 16
PIGFX Omega Ratio Rank: 16
PIGFX Calmar Ratio Rank: 20
PIGFX Martin Ratio Rank: 18

^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.

PIGFX vs. ^GSPC - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Pioneer Fundamental Growth Fund (PIGFX) 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.

	PIGFX	^GSPC	Difference
Sharpe ratio Return per unit of total volatility	0.45	0.92	-0.47
Sortino ratio Return per unit of downside risk	0.78	1.41	-0.64
Omega ratio Gain probability vs. loss probability	1.11	1.21	-0.10
Calmar ratio Return relative to maximum drawdown	0.66	1.41	-0.75
Martin ratio Return relative to average drawdown	2.13	6.61	-4.48
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

PIGFX vs. ^GSPC - Sharpe Ratio Comparison

The current PIGFX Sharpe Ratio is 0.45, which is lower than the ^GSPC Sharpe Ratio of 0.92. The chart below compares the historical Sharpe Ratios of PIGFX 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

	PIGFX	^GSPC	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.45	0.92	-0.47
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.47	0.61	-0.14
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.69	0.68	+0.01
Sharpe Ratio (All Time) Calculated using the full available price history	0.50	0.46	+0.04

Correlation

The correlation between PIGFX and ^GSPC is 0.95, 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

PIGFX vs. ^GSPC - Drawdown Comparison

The maximum PIGFX drawdown since its inception was -44.04%, smaller than the maximum ^GSPC drawdown of -56.78%. Use the drawdown chart below to compare losses from any high point for PIGFX and ^GSPC.

Drawdown Indicators

	PIGFX	^GSPC	Difference
Max Drawdown Largest peak-to-trough decline	-44.04%	-56.78%	+12.74%
Max Drawdown (1Y) Largest decline over 1 year	-14.55%	-12.14%	-2.41%
Max Drawdown (5Y) Largest decline over 5 years	-27.12%	-25.43%	-1.69%
Max Drawdown (10Y) Largest decline over 10 years	-31.47%	-33.92%	+2.45%
Current Drawdown Current decline from peak	-11.69%	-5.78%	-5.91%
Average Drawdown Average peak-to-trough decline	-6.40%	-10.75%	+4.35%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.53%	2.60%	+1.93%

Volatility

PIGFX vs. ^GSPC - Volatility Comparison

Pioneer Fundamental Growth Fund (PIGFX) has a higher volatility of 6.03% compared to S&P 500 Index (^GSPC) at 5.37%. This indicates that PIGFX'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

	PIGFX	^GSPC	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.03%	5.37%	+0.66%
Volatility (6M) Calculated over the trailing 6-month period	11.14%	9.55%	+1.59%
Volatility (1Y) Calculated over the trailing 1-year period	21.07%	18.33%	+2.74%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.70%	16.90%	+1.80%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.85%	18.05%	+0.80%