PIGFX vs. IOLZX
PIGFX (Pioneer Fundamental Growth Fund) and IOLZX (ICON Equity Fund) are both Large Cap Growth Equities funds. Over the past 10 years, PIGFX returned 14.64%/yr vs 14.51%/yr for IOLZX. Their correlation of 0.81 suggests significant overlap in exposure. PIGFX charges 1.00%/yr vs 1.04%/yr for IOLZX.
Performance
PIGFX vs. IOLZX - Performance Comparison
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Returns By Period
In the year-to-date period, PIGFX achieves a 4.58% return, which is significantly lower than IOLZX's 28.15% return. Both investments have delivered pretty close results over the past 10 years, with PIGFX having a 14.64% annualized return and IOLZX not far behind at 14.51%.
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%
IOLZX
- 1D
- 2.03%
- 1M
- 8.48%
- YTD
- 28.15%
- 6M
- 30.91%
- 1Y
- 50.12%
- 3Y*
- 24.88%
- 5Y*
- 11.20%
- 10Y*
- 14.51%
PIGFX vs. IOLZX - 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% |
IOLZX ICON Equity Fund | 28.15% | 15.81% | 16.87% | 12.13% | -17.78% | 26.72% | 16.00% | 38.22% | -16.69% | 26.78% |
Correlation
The correlation between PIGFX and IOLZX is 0.65, 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 | 0.65 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.64 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.74 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.76 |
Correlation (All Time) Calculated using the full available price history since Feb 4, 2004 | 0.81 |
The correlation between PIGFX and IOLZX shifts across timeframes, from 0.64 (3 years) to 0.81 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
PIGFX vs. IOLZX — Risk / Return Rank
PIGFX
IOLZX
PIGFX vs. IOLZX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Pioneer Fundamental Growth Fund (PIGFX) and ICON Equity Fund (IOLZX). 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 | IOLZX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.56 | ||
| Sortino ratioReturn per unit of downside risk | -1.99 | ||
| Omega ratioGain probability vs. loss probability | 1.21 | 1.46 | -0.25 |
| Calmar ratioReturn relative to maximum drawdown | 1.19 | 3.65 | -2.45 |
| Martin ratioReturn relative to average drawdown | 3.95 | 12.92 | -8.97 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| PIGFX | IOLZX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.21 | 2.77 | -1.56 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.60 | 0.53 | +0.08 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.78 | 0.65 | +0.13 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.54 | 0.41 | +0.13 |
Drawdowns
PIGFX vs. IOLZX - Drawdown Comparison
The maximum PIGFX drawdown since its inception was -44.04%, smaller than the maximum IOLZX drawdown of -56.03%. Use the drawdown chart below to compare losses from any high point for PIGFX and IOLZX.
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Drawdown Indicators
| PIGFX | IOLZX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -44.04% | -56.03% | +11.99% |
Max Drawdown (1Y)Largest decline over 1 year | -14.32% | -14.35% | +0.03% |
Max Drawdown (3Y)Largest decline over 3 years | -19.99% | -24.71% | +4.72% |
Max Drawdown (5Y)Largest decline over 5 years | -27.12% | -27.77% | +0.65% |
Max Drawdown (10Y)Largest decline over 10 years | -31.47% | -41.04% | +9.57% |
Current DrawdownCurrent decline from peak | -0.66% | 0.00% | -0.66% |
Average DrawdownAverage peak-to-trough decline | -6.38% | -12.63% | +6.25% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.32% | 4.04% | +0.28% |
Volatility
PIGFX vs. IOLZX - Volatility Comparison
The current volatility for Pioneer Fundamental Growth Fund (PIGFX) is 3.69%, while ICON Equity Fund (IOLZX) has a volatility of 6.36%. This indicates that PIGFX experiences smaller price fluctuations and is considered to be less risky than IOLZX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PIGFX | IOLZX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.69% | 6.36% | -2.67% |
Volatility (6M)Calculated over the trailing 6-month period | 10.82% | 14.98% | -4.16% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.10% | 18.86% | -4.76% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.71% | 21.43% | -2.72% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.90% | 22.36% | -3.46% |
PIGFX vs. IOLZX - Expense Ratio Comparison
PIGFX has a 1.00% expense ratio, which is lower than IOLZX's 1.04% expense ratio.
Dividends
PIGFX vs. IOLZX - Dividend Comparison
PIGFX's dividend yield for the trailing twelve months is around 18.34%, more than IOLZX's 8.34% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IOLZX ICON Equity Fund | 8.34% | 10.69% | 22.21% | 4.75% | 18.57% | 14.12% | 0.00% | 3.46% | 1.60% | 0.00% | 0.00% | 0.00% |
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
PIGFX and IOLZX have a correlation of 0.65, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
IOLZX has higher volatility (6.36%) compared to PIGFX (3.69%). In terms of maximum drawdown, PIGFX dropped -44.04% vs IOLZX's -56.03%.
IOLZX currently has the higher Sharpe Ratio (2.77 vs 1.21), 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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