POLIX vs. PGIIX

Last updated Jul 14, 2026

POLIX (Polen Growth Fund) and PGIIX (Polen Global Growth Fund) are both mutual funds - POLIX is a Large Cap Growth Equities fund managed by Polen Capital, while PGIIX is a Global Equities fund managed by Polen Capital. Over the past 10 years, POLIX returned 11.78%/yr vs 10.32%/yr for PGIIX. With a 0.95 correlation, they move nearly in lockstep. POLIX charges 0.96%/yr vs 0.99%/yr for PGIIX.

Performance

POLIX vs. PGIIX - Performance Comparison

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

Returns By Period

In the year-to-date period, POLIX achieves a -10.21% return, which is significantly lower than PGIIX's -5.67% return. Over the past 10 years, POLIX has outperformed PGIIX with an annualized return of 11.78%, while PGIIX has yielded a comparatively lower 10.32% annualized return.

POLIX

• 1D: -0.06%
• 1M: 0.78%
• 6M: -11.57%
• YTD: -10.21%
• 1Y: -8.22%
• 3Y*: 7.98%
• 5Y*: 0.48%
• 10Y*: 11.78%

PGIIX

• 1D: 0.24%
• 1M: 2.59%
• 6M: -7.34%
• YTD: -5.67%
• 1Y: -5.30%
• 3Y*: 6.66%
• 5Y*: 0.75%
• 10Y*: 10.32%

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

POLIX vs. PGIIX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
POLIX Polen Growth Fund	-10.21%	3.87%	22.57%	39.17%	-38.36%	23.51%	33.25%	37.34%	7.74%	26.47%
PGIIX Polen Global Growth Fund	-5.67%	1.91%	16.43%	31.09%	-31.20%	17.43%	23.67%	35.47%	2.48%	31.52%

Correlation

The correlation between POLIX and PGIIX is 0.94, 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	0.94
Correlation (3Y) Calculated over the trailing 3-year period	0.95
Correlation (5Y) Calculated over the trailing 5-year period	0.96
Correlation (10Y) Calculated over the trailing 10-year period	0.95
Correlation (All Time) Calculated using the full available price history since Dec 31, 2014	0.95

The correlation between POLIX and PGIIX has been stable across timeframes, ranging from 0.94 to 0.96 - a consistent structural relationship.

Return for Risk

POLIX vs. PGIIX — 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: 1
POLIX Martin Ratio Rank: 1

PGIIX

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

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. PGIIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Polen Growth Fund (POLIX) and Polen Global Growth Fund (PGIIX). 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	PGIIX	Difference
Sharpe ratio: Return per unit of total volatility	-0.55	-0.41	-0.14
Sortino ratio: Return per unit of downside risk	-0.64	-0.45	-0.19
Omega ratio: Gain probability vs. loss probability	0.92	0.95	-0.02
Calmar ratio: Return relative to maximum drawdown	-0.40	-0.30	-0.10
Martin ratio: Return relative to average drawdown	-0.88	-0.68	-0.21

POLIX vs. PGIIX - Sharpe Ratio Comparison

The current POLIX Sharpe Ratio is -0.55, which is lower than the PGIIX Sharpe Ratio of -0.41. The chart below compares the historical Sharpe Ratios of POLIX and PGIIX, 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. PGIIX - Drawdown Comparison

The maximum POLIX drawdown since its inception was -42.84%, which is greater than PGIIX's maximum drawdown of -37.09%. Use the drawdown chart below to compare losses from any high point for POLIX and PGIIX.

Drawdown Indicators

	POLIX	PGIIX	Difference
Max Drawdown Largest peak-to-trough decline	-42.84%	-37.09%	-5.75%
Max Drawdown (1Y) Largest decline over 1 year	-23.94%	-22.38%	-1.56%
Max Drawdown (3Y) Largest decline over 3 years	-23.94%	-22.38%	-1.56%
Max Drawdown (5Y) Largest decline over 5 years	-42.84%	-37.09%	-5.75%
Max Drawdown (10Y) Largest decline over 10 years	-42.84%	-37.09%	-5.75%
Current Drawdown Current decline from peak	-14.09%	-10.76%	-3.33%
Average Drawdown Average peak-to-trough decline	-7.13%	-7.08%	-0.05%
Ulcer Index Depth and duration of drawdowns from previous peaks	10.65%	9.70%	+0.95%

Volatility

POLIX vs. PGIIX - Volatility Comparison

Polen Growth Fund (POLIX) and Polen Global Growth Fund (PGIIX) have volatilities of 5.11% and 5.34%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	POLIX	PGIIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.11%	5.34%	-0.23%
Volatility (6M) Calculated over the trailing 6-month period	14.03%	13.43%	+0.60%
Volatility (1Y) Calculated over the trailing 1-year period	17.40%	16.48%	+0.92%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	23.06%	19.74%	+3.32%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	21.89%	19.27%	+2.62%

POLIX vs. PGIIX - Expense Ratio Comparison

POLIX has a 0.96% expense ratio, which is lower than PGIIX's 0.99% expense ratio.

Dividends

POLIX vs. PGIIX - Dividend Comparison

POLIX's dividend yield for the trailing twelve months is around 40.49%, more than PGIIX's 22.92% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
PGIIX Polen Global Growth Fund	22.92%	21.62%	7.45%	0.00%	1.15%	2.48%	0.00%	0.04%	1.93%	0.00%	0.05%	0.09%
POLIX Polen Growth Fund	40.49%	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 PGIIX in my portfolio?

With a correlation of 0.94, POLIX and PGIIX 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, POLIX or PGIIX?

PGIIX has higher volatility (5.34%) compared to POLIX (5.11%). In terms of maximum drawdown, POLIX dropped -42.84% vs PGIIX's -37.09%.

Which has better risk-adjusted returns?

PGIIX currently has the higher Sharpe Ratio (-0.41 vs -0.55), 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.