POLIX vs. ^GSPC

Last updated Apr 1, 2026

Compare and contrast key facts about Polen Growth Fund (POLIX) and S&P 500 Index (^GSPC).

POLIX is managed by Polen Capital. It was launched on Sep 15, 2010.

Performance

POLIX vs. ^GSPC - Performance Comparison

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

POLIX vs. ^GSPC - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
POLIX Polen Growth Fund	-19.94%	3.87%	22.57%	39.17%	-38.36%	23.51%	33.25%	37.34%	7.74%	26.47%
^GSPC S&P 500 Index	-4.63%	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, POLIX achieves a -19.94% return, which is significantly lower than ^GSPC's -4.63% return. Over the past 10 years, POLIX has underperformed ^GSPC with an annualized return of 10.36%, while ^GSPC has yielded a comparatively higher 12.16% annualized return.

POLIX

• 1D: 0.70%
• 1M: -8.56%
• YTD: -19.94%
• 6M: -21.08%
• 1Y: -11.24%
• 3Y*: 7.54%
• 5Y*: 1.23%
• 10Y*: 10.36%

^GSPC

• 1D: 2.91%
• 1M: -5.09%
• YTD: -4.63%
• 6M: -2.39%
• 1Y: 16.33%
• 3Y*: 16.69%
• 5Y*: 10.18%
• 10Y*: 12.16%

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

Return for Risk

POLIX vs. ^GSPC — Risk / Return Rank

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

POLIX

POLIX Risk / Return Rank: 1
POLIX Sharpe Ratio Rank: 1
POLIX Sortino Ratio Rank: 1
POLIX Omega Ratio Rank: 1
POLIX Calmar Ratio Rank: 2
POLIX Martin Ratio Rank: 1

^GSPC

^GSPC Risk / Return Rank: 74
^GSPC Sharpe Ratio Rank: 69
^GSPC Sortino Ratio Rank: 68
^GSPC Omega Ratio Rank: 76
^GSPC Calmar Ratio Rank: 73
^GSPC Martin Ratio Rank: 85

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.

POLIX vs. ^GSPC - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Polen Growth Fund (POLIX) 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.

	POLIX	^GSPC	Difference
Sharpe ratio Return per unit of total volatility	-0.61	0.90	-1.51
Sortino ratio Return per unit of downside risk	-0.76	1.39	-2.15
Omega ratio Gain probability vs. loss probability	0.90	1.21	-0.31
Calmar ratio Return relative to maximum drawdown	-0.50	1.40	-1.90
Martin ratio Return relative to average drawdown	-1.56	6.61	-8.17
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

POLIX vs. ^GSPC - Sharpe Ratio Comparison

The current POLIX Sharpe Ratio is -0.61, which is lower than the ^GSPC Sharpe Ratio of 0.90. The chart below compares the historical Sharpe Ratios of POLIX 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

	POLIX	^GSPC	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.61	0.90	-1.51
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.05	0.61	-0.55
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.48	0.68	-0.20
Sharpe Ratio (All Time) Calculated using the full available price history	0.61	0.46	+0.16

Correlation

The correlation between POLIX and ^GSPC is 0.87, 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

POLIX vs. ^GSPC - Drawdown Comparison

The maximum POLIX drawdown since its inception was -42.84%, smaller than the maximum ^GSPC drawdown of -56.78%. Use the drawdown chart below to compare losses from any high point for POLIX and ^GSPC.

Drawdown Indicators

	POLIX	^GSPC	Difference
Max Drawdown Largest peak-to-trough decline	-42.84%	-56.78%	+13.94%
Max Drawdown (1Y) Largest decline over 1 year	-23.94%	-12.14%	-11.80%
Max Drawdown (5Y) Largest decline over 5 years	-42.84%	-25.43%	-17.41%
Max Drawdown (10Y) Largest decline over 10 years	-42.84%	-33.92%	-8.92%
Current Drawdown Current decline from peak	-23.41%	-6.45%	-16.96%
Average Drawdown Average peak-to-trough decline	-7.00%	-10.75%	+3.75%
Ulcer Index Depth and duration of drawdowns from previous peaks	7.72%	2.57%	+5.15%

Volatility

POLIX vs. ^GSPC - Volatility Comparison

Polen Growth Fund (POLIX) has a higher volatility of 5.82% compared to S&P 500 Index (^GSPC) at 5.34%. This indicates that POLIX'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

	POLIX	^GSPC	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.82%	5.34%	+0.48%
Volatility (6M) Calculated over the trailing 6-month period	12.10%	9.54%	+2.56%
Volatility (1Y) Calculated over the trailing 1-year period	22.07%	18.33%	+3.74%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	22.85%	16.91%	+5.94%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	21.79%	18.05%	+3.74%