PIGFX vs. ^GSPC
PIGFX (Pioneer Fundamental Growth Fund) is Large Cap Growth Equities fund managed by Amundi, while ^GSPC (S&P 500 Index) is an index. Over the past 10 years, PIGFX returned 14.88%/yr vs 13.71%/yr for ^GSPC. Their correlation of 0.95 suggests significant overlap in exposure.
Performance
PIGFX vs. ^GSPC - Performance Comparison
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Returns By Period
In the year-to-date period, PIGFX achieves a 3.43% return, which is significantly lower than ^GSPC's 7.60% return. Over the past 10 years, PIGFX has outperformed ^GSPC with an annualized return of 14.88%, while ^GSPC has yielded a comparatively lower 13.71% annualized return.
PIGFX
- 1D
- -0.53%
- 1M
- -0.06%
- YTD
- 3.43%
- 6M
- 2.74%
- 1Y
- 14.30%
- 3Y*
- 16.48%
- 5Y*
- 10.19%
- 10Y*
- 14.88%
^GSPC
- 1D
- -1.44%
- 1M
- -1.45%
- YTD
- 7.60%
- 6M
- 6.59%
- 1Y
- 22.24%
- 3Y*
- 19.20%
- 5Y*
- 11.54%
- 10Y*
- 13.71%
PIGFX vs. ^GSPC - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
PIGFX Pioneer Fundamental Growth Fund | 3.43% | 14.20% | 17.46% | 32.80% | -20.79% | 23.80% | 27.20% | 33.88% | -0.64% | 22.58% |
^GSPC S&P 500 Index | 7.60% | 16.39% | 23.31% | 24.23% | -19.44% | 26.89% | 16.26% | 28.88% | -6.24% | 19.42% |
Correlation
The correlation between PIGFX and ^GSPC is 0.90, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.90 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.92 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.95 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.94 |
Correlation (All Time) Calculated using the full available price history since Aug 22, 2002 | 0.95 |
The correlation between PIGFX and ^GSPC has been stable across timeframes, ranging from 0.90 to 0.95 - a consistent structural relationship.
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Return for Risk
PIGFX vs. ^GSPC — Risk / Return Rank
PIGFX
^GSPC
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.
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.
| PIGFX | ^GSPC | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.74 | ||
| Sortino ratioReturn per unit of downside risk | -0.93 | ||
| Omega ratioGain probability vs. loss probability | 1.19 | 1.32 | -0.14 |
| Calmar ratioReturn relative to maximum drawdown | 1.07 | 2.46 | -1.39 |
| Martin ratioReturn relative to average drawdown | 3.52 | 10.92 | -7.40 |
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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.
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Drawdown Indicators
| PIGFX | ^GSPC | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -44.04% | -56.78% | +12.74% |
Max Drawdown (1Y)Largest decline over 1 year | -14.32% | -9.10% | -5.22% |
Max Drawdown (3Y)Largest decline over 3 years | -19.99% | -18.90% | -1.09% |
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 DrawdownCurrent decline from peak | -1.76% | -3.21% | +1.45% |
Average DrawdownAverage peak-to-trough decline | -6.37% | -10.71% | +4.34% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.34% | 2.04% | +2.30% |
Volatility
PIGFX vs. ^GSPC - Volatility Comparison
Pioneer Fundamental Growth Fund (PIGFX) has a higher volatility of 5.23% compared to S&P 500 Index (^GSPC) at 4.89%. 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.
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Volatility by Period
| PIGFX | ^GSPC | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.23% | 4.89% | +0.34% |
Volatility (6M)Calculated over the trailing 6-month period | 11.64% | 9.93% | +1.71% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.71% | 12.57% | +2.14% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.81% | 17.00% | +1.81% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.96% | 18.08% | +0.88% |
Frequently Asked Questions
PIGFX and ^GSPC have a correlation of 0.90, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
PIGFX has higher volatility (5.23%) compared to ^GSPC (4.89%). In terms of maximum drawdown, PIGFX dropped -44.04% vs ^GSPC's -56.78%.
^GSPC currently has the higher Sharpe Ratio (1.78 vs 1.04), 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.
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