PIGFX vs. PINDX

Last updated Jun 4, 2026

PIGFX (Pioneer Fundamental Growth Fund) and PINDX (Pioneer Disciplined Growth Fund) are both Large Cap Growth Equities funds from Amundi. Over the past 10 years, PIGFX returned 14.64%/yr vs 16.66%/yr for PINDX. Their correlation of 0.95 suggests significant overlap in exposure. PIGFX charges 1.00%/yr vs 1.05%/yr for PINDX.

Performance

PIGFX vs. PINDX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Pioneer Fundamental Growth Fund (PIGFX) and Pioneer Disciplined Growth Fund (PINDX). 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 lower than PINDX's 11.68% return. Over the past 10 years, PIGFX has underperformed PINDX with an annualized return of 14.64%, while PINDX has yielded a comparatively higher 16.66% 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%

PINDX

• 1D: -0.50%
• 1M: 5.28%
• YTD: 11.68%
• 6M: 9.92%
• 1Y: 32.35%
• 3Y*: 22.25%
• 5Y*: 13.74%
• 10Y*: 16.66%

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

PIGFX vs. PINDX - 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%
PINDX Pioneer Disciplined Growth Fund	11.68%	21.16%	19.33%	28.67%	-21.49%	25.59%	34.78%	35.61%	-5.08%	26.41%

Correlation

The correlation between PIGFX and PINDX is 0.91, 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	0.91
Correlation (3Y) Calculated over the trailing 3-year period	0.91
Correlation (5Y) Calculated over the trailing 5-year period	0.94
Correlation (10Y) Calculated over the trailing 10-year period	0.95
Correlation (All Time) Calculated using the full available price history since Aug 23, 2002	0.95

The correlation between PIGFX and PINDX has been stable across timeframes, ranging from 0.91 to 0.95 - a consistent structural relationship.

Return for Risk

PIGFX vs. PINDX — 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

PINDX

PINDX Risk / Return Rank: 42
PINDX Sharpe Ratio Rank: 49
PINDX Sortino Ratio Rank: 44
PINDX Omega Ratio Rank: 44
PINDX Calmar Ratio Rank: 38
PINDX Martin Ratio Rank: 36

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. PINDX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Pioneer Fundamental Growth Fund (PIGFX) and Pioneer Disciplined Growth Fund (PINDX). 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	PINDX	Difference
Sharpe ratio: Return per unit of total volatility	1.21	2.06	-0.84
Sortino ratio: Return per unit of downside risk	1.73	2.77	-1.04
Omega ratio: Gain probability vs. loss probability	1.21	1.36	-0.14
Calmar ratio: Return relative to maximum drawdown	1.19	2.33	-1.13
Martin ratio: Return relative to average drawdown	3.95	7.98	-4.03
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. PINDX - Sharpe Ratio Comparison

The current PIGFX Sharpe Ratio is 1.21, which is lower than the PINDX Sharpe Ratio of 2.06. The chart below compares the historical Sharpe Ratios of PIGFX and PINDX, 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	PINDX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.21	2.06	-0.84
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.60	0.70	-0.10
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.78	0.86	-0.08
Sharpe Ratio (All Time) Calculated using the full available price history	0.54	0.49	+0.05

Drawdowns

PIGFX vs. PINDX - Drawdown Comparison

The maximum PIGFX drawdown since its inception was -44.04%, smaller than the maximum PINDX drawdown of -52.37%. Use the drawdown chart below to compare losses from any high point for PIGFX and PINDX.

Drawdown Indicators

	PIGFX	PINDX	Difference
Max Drawdown Largest peak-to-trough decline	-44.04%	-52.37%	+8.33%
Max Drawdown (1Y) Largest decline over 1 year	-14.32%	-14.64%	+0.32%
Max Drawdown (3Y) Largest decline over 3 years	-19.99%	-23.52%	+3.53%
Max Drawdown (5Y) Largest decline over 5 years	-27.12%	-28.77%	+1.65%
Max Drawdown (10Y) Largest decline over 10 years	-31.47%	-29.82%	-1.65%
Current Drawdown Current decline from peak	-0.66%	-0.50%	-0.16%
Average Drawdown Average peak-to-trough decline	-6.38%	-11.48%	+5.10%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.32%	4.26%	+0.06%

Volatility

PIGFX vs. PINDX - Volatility Comparison

The current volatility for Pioneer Fundamental Growth Fund (PIGFX) is 3.69%, while Pioneer Disciplined Growth Fund (PINDX) has a volatility of 3.93%. This indicates that PIGFX experiences smaller price fluctuations and is considered to be less risky than PINDX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	PIGFX	PINDX	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.69%	3.93%	-0.24%
Volatility (6M) Calculated over the trailing 6-month period	10.82%	12.44%	-1.62%
Volatility (1Y) Calculated over the trailing 1-year period	14.10%	16.58%	-2.48%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.71%	19.74%	-1.03%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.90%	19.54%	-0.64%

PIGFX vs. PINDX - Expense Ratio Comparison

PIGFX has a 1.00% expense ratio, which is lower than PINDX's 1.05% expense ratio.

Dividends

PIGFX vs. PINDX - Dividend Comparison

PIGFX's dividend yield for the trailing twelve months is around 18.34%, more than PINDX's 4.04% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
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%
PINDX Pioneer Disciplined Growth Fund	4.04%	4.51%	6.34%	0.17%	7.23%	33.14%	27.35%	5.20%	26.83%	12.86%	8.57%	6.14%

Frequently Asked Questions

Can I hold both PIGFX and PINDX in my portfolio?

With a correlation of 0.91, PIGFX and PINDX move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which is riskier, PIGFX or PINDX?

PINDX has higher volatility (3.93%) compared to PIGFX (3.69%). In terms of maximum drawdown, PIGFX dropped -44.04% vs PINDX's -52.37%.

Which has better risk-adjusted returns?

PINDX currently has the higher Sharpe Ratio (2.06 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.