POLIX vs. PBSIX

Last updated Aug 1, 2026

POLIX (Polen Growth Fund) and PBSIX (Polen U.S. Small Company Growth Fund) are both mutual funds - POLIX is a Large Cap Growth Equities fund managed by Polen, while PBSIX is a Small Cap Growth Equities fund managed by Polen. Over the past 5 years, POLIX returned -0.25%/yr vs -0.82%/yr for PBSIX. Their 0.74 correlation means they have sometimes moved together and sometimes differently. POLIX charges 0.96%/yr vs 1.26%/yr for PBSIX.

Performance

POLIX vs. PBSIX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Polen Growth Fund (POLIX) and Polen U.S. Small Company Growth Fund (PBSIX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, POLIX achieves a -11.86% return, which is significantly lower than PBSIX's 18.10% return.

POLIX

• 1D: 2.14%
• 1M: -0.88%
• 6M: -6.64%
• YTD: -11.86%
• 1Y: -9.35%
• 3Y*: 5.85%
• 5Y*: -0.25%
• 10Y*: 11.30%
• ALL TIME*: 12.60%

PBSIX

• 1D: 4.83%
• 1M: -6.83%
• 6M: 9.05%
• YTD: 18.10%
• 1Y: 33.76%
• 3Y*: 12.08%
• 5Y*: -0.82%
• 10Y*: —
• ALL TIME*: 8.86%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
PBSIX Polen U.S. Small Company Growth Fund	$0.00	$0.00	$0.00
POLIX Polen Growth Fund	$0.00	$0.00	$0.00

POLIX vs. PBSIX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
POLIX Polen Growth Fund	-11.86%	3.87%	22.57%	39.17%	-38.36%	23.51%	33.25%	37.34%	7.74%	1.05%
PBSIX Polen U.S. Small Company Growth Fund	18.10%	12.05%	3.75%	21.83%	-42.90%	16.44%	50.02%	21.22%	1.96%	1.42%

Correlation

The correlation between POLIX and PBSIX is 0.50, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.50
Correlation (3Y) Balances recent behavior with more history.	0.61
Correlation (5Y) Shows whether the relationship held over a longer period.	0.73
Correlation (All Time) Calculated using the full available price history since Nov 20, 2017	0.74

Over the past year, the correlation between POLIX and PBSIX has dropped to 0.50 - well below their long-term average of 0.74, suggesting their price drivers have been diverging.

Return for Risk

POLIX vs. PBSIX — Risk / Return Rank

Compare historical risk-adjusted metric ranks 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: 1
POLIX Martin Ratio Rank: 1

PBSIX

PBSIX Risk / Return Rank: 34
PBSIX Sharpe Ratio Rank: 28
PBSIX Sortino Ratio Rank: 29
PBSIX Omega Ratio Rank: 28
PBSIX Calmar Ratio Rank: 42
PBSIX Martin Ratio Rank: 42

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

POLIX vs. PBSIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Polen Growth Fund (POLIX) and Polen U.S. Small Company Growth Fund (PBSIX). 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.

	POLIX	PBSIX	Difference
Sharpe ratio: Return per unit of total volatility	-0.69	0.94	-1.64
Sortino ratio: Return per unit of downside risk	-0.85	1.43	-2.28
Omega ratio: Gain probability vs. loss probability	0.90	1.17	-0.28
Calmar ratio: Return relative to maximum drawdown	-0.51	1.69	-2.21
Martin ratio: Return relative to average drawdown	-1.08	6.03	-7.11

POLIX vs. PBSIX - Sharpe Ratio Comparison

The current POLIX Sharpe Ratio is -0.69, which is lower than the PBSIX Sharpe Ratio of 0.94. The chart below compares the historical Sharpe Ratios of POLIX and PBSIX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

POLIX vs. PBSIX - Drawdown Comparison

The maximum POLIX drawdown since its inception was -42.84%, smaller than the maximum PBSIX drawdown of -52.49%. Use the drawdown chart below to compare losses from any high point for POLIX and PBSIX.

Drawdown Indicators

	POLIX	PBSIX	Difference
Max Drawdown Largest peak-to-trough decline	-42.84%	-52.49%	+9.65%
Max Drawdown (1Y) Largest decline over 1 year	-23.94%	-17.75%	-6.19%
Max Drawdown (3Y) Largest decline over 3 years	-23.94%	-28.03%	+4.09%
Max Drawdown (5Y) Largest decline over 5 years	-42.84%	-52.49%	+9.65%
Max Drawdown (10Y) Largest decline over 10 years	-42.84%	—	—
Current Drawdown Current decline from peak	-15.67%	-14.53%	-1.14%
Average Drawdown Average peak-to-trough decline	-7.16%	-21.33%	+14.17%
Ulcer Index Depth and duration of drawdowns from previous peaks	11.25%	4.92%	+6.33%

Volatility

POLIX vs. PBSIX - Volatility Comparison

The current volatility for Polen Growth Fund (POLIX) is 4.58%, while Polen U.S. Small Company Growth Fund (PBSIX) has a volatility of 11.35%. This indicates that POLIX experiences smaller price fluctuations and is considered to be less risky than PBSIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	POLIX	PBSIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.58%	11.35%	-6.77%
Volatility (6M) Calculated over the trailing 6-month period	14.16%	25.32%	-11.16%
Volatility (1Y) Calculated over the trailing 1-year period	17.79%	31.95%	-14.16%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	23.12%	29.43%	-6.31%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	21.93%	27.79%	-5.86%

POLIX vs. PBSIX - Expense Ratio Comparison

POLIX has a 0.96% expense ratio, which is lower than PBSIX's 1.26% expense ratio.

Dividends

POLIX vs. PBSIX - Dividend Comparison

POLIX's dividend yield for the trailing twelve months is around 41.25%, while PBSIX has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
PBSIX Polen U.S. Small Company Growth Fund	0.00%	0.00%	0.00%	0.00%	0.00%	3.60%	0.11%	0.48%	0.16%	0.00%	0.00%	0.00%
POLIX Polen Growth Fund	41.25%	36.35%	10.47%	0.00%	10.54%	3.97%	1.25%	0.12%	2.77%	1.66%	0.01%	4.29%

Frequently Asked Questions

Can I hold both POLIX and PBSIX in my portfolio?

POLIX and PBSIX have a correlation of 0.50, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, POLIX or PBSIX?

PBSIX has higher volatility (11.35%) compared to POLIX (4.58%). In terms of maximum drawdown, POLIX dropped -42.84% vs PBSIX's -52.49%.

Which has better risk-adjusted returns?

PBSIX currently has the higher Sharpe Ratio (0.94 vs -0.69), 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.