PIGFX vs. DODGX

Last updated Jun 4, 2026

PIGFX (Pioneer Fundamental Growth Fund) and DODGX (Dodge & Cox Stock Fund Class I) are both mutual funds - PIGFX is a Large Cap Growth Equities fund managed by Amundi, while DODGX is a Large Cap Value Equities fund managed by Dodge & Cox. Over the past 10 years, PIGFX returned 14.64%/yr vs 12.67%/yr for DODGX. Their correlation of 0.83 suggests significant overlap in exposure. PIGFX charges 1.00%/yr vs 0.51%/yr for DODGX.

Performance

PIGFX vs. DODGX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Pioneer Fundamental Growth Fund (PIGFX) and Dodge & Cox Stock Fund Class I (DODGX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, PIGFX achieves a 4.58% return, which is significantly higher than DODGX's 2.93% return. Over the past 10 years, PIGFX has outperformed DODGX with an annualized return of 14.64%, while DODGX has yielded a comparatively lower 12.67% annualized return.

PIGFX

• 1D: -0.29%
• 1M: 4.17%
• YTD: 4.58%
• 6M: 3.80%
• 1Y: 16.40%
• 3Y*: 17.57%
• 5Y*: 11.21%
• 10Y*: 14.64%

DODGX

• 1D: -0.65%
• 1M: 0.12%
• YTD: 2.93%
• 6M: 5.08%
• 1Y: 12.51%
• 3Y*: 15.02%
• 5Y*: 8.51%
• 10Y*: 12.67%

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

PIGFX vs. DODGX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
PIGFX Pioneer Fundamental Growth Fund	4.58%	14.20%	17.46%	32.80%	-20.79%	23.80%	27.20%	33.88%	-0.64%	22.58%
DODGX Dodge & Cox Stock Fund Class I	2.93%	13.66%	14.36%	17.49%	-7.25%	31.72%	7.10%	24.30%	-7.15%	18.33%

Correlation

The correlation between PIGFX and DODGX is 0.62, 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	0.62
Correlation (3Y) Calculated over the trailing 3-year period	0.67
Correlation (5Y) Calculated over the trailing 5-year period	0.75
Correlation (10Y) Calculated over the trailing 10-year period	0.74
Correlation (All Time) Calculated using the full available price history since Aug 23, 2002	0.83

Over the past year, the correlation between PIGFX and DODGX has dropped to 0.62 - well below their long-term average of 0.83, suggesting their price drivers have been diverging.

Return for Risk

PIGFX vs. DODGX — Risk / Return Rank

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

PIGFX

PIGFX Risk / Return Rank: 15
PIGFX Sharpe Ratio Rank: 18
PIGFX Sortino Ratio Rank: 17
PIGFX Omega Ratio Rank: 17
PIGFX Calmar Ratio Rank: 12
PIGFX Martin Ratio Rank: 14

DODGX

DODGX Risk / Return Rank: 19
DODGX Sharpe Ratio Rank: 17
DODGX Sortino Ratio Rank: 16
DODGX Omega Ratio Rank: 16
DODGX Calmar Ratio Rank: 21
DODGX Martin Ratio Rank: 24

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. DODGX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Pioneer Fundamental Growth Fund (PIGFX) and Dodge & Cox Stock Fund Class I (DODGX). 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	DODGX	Difference
Sharpe ratio: Return per unit of total volatility	1.21	1.17	+0.05
Sortino ratio: Return per unit of downside risk	1.73	1.68	+0.04
Omega ratio: Gain probability vs. loss probability	1.21	1.21	+0.01
Calmar ratio: Return relative to maximum drawdown	1.19	1.72	-0.53
Martin ratio: Return relative to average drawdown	3.95	6.06	-2.11
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. DODGX - Sharpe Ratio Comparison

The current PIGFX Sharpe Ratio is 1.21, which is comparable to the DODGX Sharpe Ratio of 1.17. The chart below compares the historical Sharpe Ratios of PIGFX and DODGX, 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

	PIGFX	DODGX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.21	1.17	+0.05
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.60	0.54	+0.07
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.78	0.66	+0.12
Sharpe Ratio (All Time) Calculated using the full available price history	0.54	0.63	-0.09

Drawdowns

PIGFX vs. DODGX - Drawdown Comparison

The maximum PIGFX drawdown since its inception was -44.04%, smaller than the maximum DODGX drawdown of -63.24%. Use the drawdown chart below to compare losses from any high point for PIGFX and DODGX.

Drawdown Indicators

	PIGFX	DODGX	Difference
Max Drawdown Largest peak-to-trough decline	-44.04%	-63.24%	+19.20%
Max Drawdown (1Y) Largest decline over 1 year	-14.32%	-7.48%	-6.84%
Max Drawdown (3Y) Largest decline over 3 years	-19.99%	-14.89%	-5.10%
Max Drawdown (5Y) Largest decline over 5 years	-27.12%	-21.85%	-5.27%
Max Drawdown (10Y) Largest decline over 10 years	-31.47%	-40.41%	+8.94%
Current Drawdown Current decline from peak	-0.66%	-1.52%	+0.86%
Average Drawdown Average peak-to-trough decline	-6.38%	-7.51%	+1.13%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.32%	2.12%	+2.20%

Volatility

PIGFX vs. DODGX - Volatility Comparison

Pioneer Fundamental Growth Fund (PIGFX) has a higher volatility of 3.69% compared to Dodge & Cox Stock Fund Class I (DODGX) at 2.34%. This indicates that PIGFX's price experiences larger fluctuations and is considered to be riskier than DODGX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	PIGFX	DODGX	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.69%	2.34%	+1.35%
Volatility (6M) Calculated over the trailing 6-month period	10.82%	8.02%	+2.80%
Volatility (1Y) Calculated over the trailing 1-year period	14.10%	11.05%	+3.05%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.71%	15.95%	+2.76%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.90%	19.22%	-0.32%

PIGFX vs. DODGX - Expense Ratio Comparison

PIGFX has a 1.00% expense ratio, which is higher than DODGX's 0.51% expense ratio.

Dividends

PIGFX vs. DODGX - Dividend Comparison

PIGFX's dividend yield for the trailing twelve months is around 18.34%, more than DODGX's 9.45% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
DODGX Dodge & Cox Stock Fund Class I	9.45%	9.86%	8.20%	3.76%	5.47%	3.22%	6.74%	10.23%	9.69%	6.78%	6.26%	5.36%
PIGFX Pioneer Fundamental Growth Fund	18.34%	19.18%	5.75%	3.41%	4.39%	20.14%	9.08%	5.43%	6.07%	4.66%	2.19%	4.40%

Frequently Asked Questions

Can I hold both PIGFX and DODGX in my portfolio?

PIGFX and DODGX have a correlation of 0.62, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, PIGFX or DODGX?

PIGFX has higher volatility (3.69%) compared to DODGX (2.34%). In terms of maximum drawdown, PIGFX dropped -44.04% vs DODGX's -63.24%.

Which has better risk-adjusted returns?

PIGFX currently has the higher Sharpe Ratio (1.21 vs 1.17), 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.