PPYPX vs. QFVOX

Last updated Jun 3, 2026

PPYPX (PIMCO RAE International Fund) and QFVOX (Pear Tree Polaris Foreign Value Fund) are both Foreign Large Cap Equities funds. Over the past 10 years, PPYPX returned 8.88%/yr vs 9.78%/yr for QFVOX. A 0.73 correlation means they provide meaningful diversification when combined. PPYPX charges 0.60%/yr vs 1.40%/yr for QFVOX.

Performance

PPYPX vs. QFVOX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in PIMCO RAE International Fund (PPYPX) and Pear Tree Polaris Foreign Value Fund (QFVOX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, PPYPX achieves a 13.69% return, which is significantly lower than QFVOX's 18.89% return. Over the past 10 years, PPYPX has underperformed QFVOX with an annualized return of 8.88%, while QFVOX has yielded a comparatively higher 9.78% annualized return.

PPYPX

• 1D: 0.00%
• 1M: 1.50%
• YTD: 13.69%
• 6M: 12.96%
• 1Y: 26.90%
• 3Y*: 17.99%
• 5Y*: 8.40%
• 10Y*: 8.88%

QFVOX

• 1D: -0.32%
• 1M: 5.29%
• YTD: 18.89%
• 6M: 24.43%
• 1Y: 38.58%
• 3Y*: 20.62%
• 5Y*: 10.30%
• 10Y*: 9.78%

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

PPYPX vs. QFVOX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
PPYPX PIMCO RAE International Fund	13.69%	31.34%	-1.15%	18.13%	-8.73%	10.68%	2.05%	16.43%	-15.49%	24.89%
QFVOX Pear Tree Polaris Foreign Value Fund	18.89%	33.85%	-0.70%	19.88%	-17.14%	19.44%	2.65%	17.93%	-13.28%	25.24%

Correlation

The correlation between PPYPX and QFVOX is 0.47, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.47
Correlation (3Y) Calculated over the trailing 3-year period	0.64
Correlation (5Y) Calculated over the trailing 5-year period	0.70
Correlation (10Y) Calculated over the trailing 10-year period	0.72
Correlation (All Time) Calculated using the full available price history since Jan 5, 2016	0.73

Over the past year, the correlation between PPYPX and QFVOX has dropped to 0.47 - well below their long-term average of 0.73, suggesting their price drivers have been diverging.

Return for Risk

PPYPX vs. QFVOX — Risk / Return Rank

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

PPYPX

PPYPX Risk / Return Rank: 62
PPYPX Sharpe Ratio Rank: 58
PPYPX Sortino Ratio Rank: 50
PPYPX Omega Ratio Rank: 53
PPYPX Calmar Ratio Rank: 84
PPYPX Martin Ratio Rank: 67

QFVOX

QFVOX Risk / Return Rank: 76
QFVOX Sharpe Ratio Rank: 84
QFVOX Sortino Ratio Rank: 79
QFVOX Omega Ratio Rank: 79
QFVOX Calmar Ratio Rank: 77
QFVOX Martin Ratio Rank: 63

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.

PPYPX vs. QFVOX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for PIMCO RAE International Fund (PPYPX) and Pear Tree Polaris Foreign Value Fund (QFVOX). 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.

	PPYPX	QFVOX	Difference
Sharpe ratio Return per unit of total volatility	2.24	2.70	-0.46
Sortino ratio Return per unit of downside risk	2.98	3.75	-0.76
Omega ratio Gain probability vs. loss probability	1.40	1.51	-0.11
Calmar ratio Return relative to maximum drawdown	3.92	3.53	+0.39
Martin ratio Return relative to average drawdown	13.05	12.51	+0.54
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

PPYPX vs. QFVOX - Sharpe Ratio Comparison

The current PPYPX Sharpe Ratio is 2.24, which is comparable to the QFVOX Sharpe Ratio of 2.70. The chart below compares the historical Sharpe Ratios of PPYPX and QFVOX, 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

	PPYPX	QFVOX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.24	2.70	-0.46
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.43	0.67	-0.24
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.47	0.58	-0.12
Sharpe Ratio (All Time) Calculated using the full available price history	0.47	0.40	+0.07

Drawdowns

PPYPX vs. QFVOX - Drawdown Comparison

The maximum PPYPX drawdown since its inception was -42.48%, smaller than the maximum QFVOX drawdown of -70.51%. Use the drawdown chart below to compare losses from any high point for PPYPX and QFVOX.

Drawdown Indicators

	PPYPX	QFVOX	Difference
Max Drawdown Largest peak-to-trough decline	-42.48%	-70.51%	+28.03%
Max Drawdown (1Y) Largest decline over 1 year	-7.48%	-11.02%	+3.54%
Max Drawdown (3Y) Largest decline over 3 years	-14.00%	-14.92%	+0.92%
Max Drawdown (5Y) Largest decline over 5 years	-35.65%	-32.90%	-2.75%
Max Drawdown (10Y) Largest decline over 10 years	-42.48%	-45.52%	+3.04%
Current Drawdown Current decline from peak	-1.55%	-0.32%	-1.23%
Average Drawdown Average peak-to-trough decline	-10.16%	-15.30%	+5.14%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.25%	3.11%	-0.86%

Volatility

PPYPX vs. QFVOX - Volatility Comparison

The current volatility for PIMCO RAE International Fund (PPYPX) is 3.10%, while Pear Tree Polaris Foreign Value Fund (QFVOX) has a volatility of 4.84%. This indicates that PPYPX experiences smaller price fluctuations and is considered to be less risky than QFVOX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	PPYPX	QFVOX	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.10%	4.84%	-1.74%
Volatility (6M) Calculated over the trailing 6-month period	9.95%	12.55%	-2.60%
Volatility (1Y) Calculated over the trailing 1-year period	12.80%	14.71%	-1.91%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	19.54%	15.49%	+4.05%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.02%	16.83%	+2.19%

PPYPX vs. QFVOX - Expense Ratio Comparison

PPYPX has a 0.60% expense ratio, which is lower than QFVOX's 1.40% expense ratio.

Dividends

PPYPX vs. QFVOX - Dividend Comparison

PPYPX's dividend yield for the trailing twelve months is around 6.84%, more than QFVOX's 4.76% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
PPYPX PIMCO RAE International Fund	6.84%	7.78%	6.57%	10.09%	7.20%	27.06%	2.23%	4.20%	5.96%	2.53%	2.41%	0.00%
QFVOX Pear Tree Polaris Foreign Value Fund	4.76%	5.66%	1.95%	1.88%	1.43%	10.11%	1.58%	1.14%	0.98%	0.60%	1.02%	1.58%

Frequently Asked Questions

Can I hold both PPYPX and QFVOX in my portfolio?

PPYPX and QFVOX have a correlation of 0.47, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, PPYPX or QFVOX?

QFVOX has higher volatility (4.84%) compared to PPYPX (3.10%). In terms of maximum drawdown, PPYPX dropped -42.48% vs QFVOX's -70.51%.

Which has better risk-adjusted returns?

QFVOX currently has the higher Sharpe Ratio (2.70 vs 2.24), 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.