QFVOX vs. PPYPX

Last updated Jun 26, 2026

QFVOX (Pear Tree Polaris Foreign Value Fund) and PPYPX (PIMCO RAE International Fund) are both Foreign Large Cap Equities funds. Over the past 10 years, QFVOX returned 10.54%/yr vs 9.09%/yr for PPYPX. A 0.72 correlation means they provide meaningful diversification when combined. QFVOX charges 1.40%/yr vs 0.60%/yr for PPYPX.

Performance

QFVOX vs. PPYPX - Performance Comparison

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

Returns By Period

In the year-to-date period, QFVOX achieves a 16.29% return, which is significantly higher than PPYPX's 8.64% return. Over the past 10 years, QFVOX has outperformed PPYPX with an annualized return of 10.54%, while PPYPX has yielded a comparatively lower 9.09% annualized return.

QFVOX

• 1D: 0.39%
• 1M: -1.90%
• YTD: 16.29%
• 6M: 17.03%
• 1Y: 34.15%
• 3Y*: 19.83%
• 5Y*: 10.32%
• 10Y*: 10.54%

PPYPX

• 1D: -0.51%
• 1M: -4.72%
• YTD: 8.64%
• 6M: 4.54%
• 1Y: 21.98%
• 3Y*: 15.87%
• 5Y*: 7.90%
• 10Y*: 9.09%

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

QFVOX vs. PPYPX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
QFVOX Pear Tree Polaris Foreign Value Fund	16.29%	33.85%	-0.70%	19.88%	-17.14%	19.44%	2.65%	17.93%	-13.28%	25.24%
PPYPX PIMCO RAE International Fund	8.64%	31.34%	-1.15%	18.13%	-8.73%	10.68%	2.05%	16.43%	-15.49%	24.89%

Correlation

The correlation between QFVOX and PPYPX is 0.44, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.44
Correlation (3Y) Calculated over the trailing 3-year period	0.62
Correlation (5Y) Calculated over the trailing 5-year period	0.69
Correlation (10Y) Calculated over the trailing 10-year period	0.71
Correlation (All Time) Calculated using the full available price history since Jan 4, 2016	0.72

Over the past year, the correlation between QFVOX and PPYPX has dropped to 0.44 - well below their long-term average of 0.72, suggesting their price drivers have been diverging.

Return for Risk

QFVOX vs. PPYPX — Risk / Return Rank

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

QFVOX

QFVOX Risk / Return Rank: 76
QFVOX Sharpe Ratio Rank: 80
QFVOX Sortino Ratio Rank: 77
QFVOX Omega Ratio Rank: 79
QFVOX Calmar Ratio Rank: 78
QFVOX Martin Ratio Rank: 65

PPYPX

PPYPX Risk / Return Rank: 51
PPYPX Sharpe Ratio Rank: 46
PPYPX Sortino Ratio Rank: 43
PPYPX Omega Ratio Rank: 44
PPYPX Calmar Ratio Rank: 74
PPYPX Martin Ratio Rank: 51

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.

QFVOX vs. PPYPX - Risk-Adjusted Trends Comparison

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

	QFVOX	PPYPX	Difference
Sharpe ratio: Return per unit of total volatility	2.23	1.65	+0.58
Sortino ratio: Return per unit of downside risk	3.08	2.26	+0.82
Omega ratio: Gain probability vs. loss probability	1.42	1.30	+0.13
Calmar ratio: Return relative to maximum drawdown	3.07	2.87	+0.20
Martin ratio: Return relative to average drawdown	10.69	8.99	+1.70

QFVOX vs. PPYPX - Sharpe Ratio Comparison

The current QFVOX Sharpe Ratio is 2.23, which is higher than the PPYPX Sharpe Ratio of 1.65. The chart below compares the historical Sharpe Ratios of QFVOX and PPYPX, 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

QFVOX vs. PPYPX - Drawdown Comparison

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

Drawdown Indicators

	QFVOX	PPYPX	Difference
Max Drawdown Largest peak-to-trough decline	-70.51%	-42.48%	-28.03%
Max Drawdown (1Y) Largest decline over 1 year	-11.02%	-7.48%	-3.54%
Max Drawdown (3Y) Largest decline over 3 years	-14.92%	-14.00%	-0.92%
Max Drawdown (5Y) Largest decline over 5 years	-32.90%	-35.65%	+2.75%
Max Drawdown (10Y) Largest decline over 10 years	-45.52%	-42.48%	-3.04%
Current Drawdown Current decline from peak	-2.65%	-5.93%	+3.28%
Average Drawdown Average peak-to-trough decline	-15.27%	-10.11%	-5.16%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.15%	2.38%	+0.77%

Volatility

QFVOX vs. PPYPX - Volatility Comparison

Pear Tree Polaris Foreign Value Fund (QFVOX) has a higher volatility of 5.13% compared to PIMCO RAE International Fund (PPYPX) at 3.29%. This indicates that QFVOX's price experiences larger fluctuations and is considered to be riskier than PPYPX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	QFVOX	PPYPX	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.13%	3.29%	+1.84%
Volatility (6M) Calculated over the trailing 6-month period	13.38%	10.26%	+3.12%
Volatility (1Y) Calculated over the trailing 1-year period	15.30%	13.00%	+2.30%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.59%	19.54%	-3.95%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.54%	18.75%	-2.21%

QFVOX vs. PPYPX - Expense Ratio Comparison

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

Dividends

QFVOX vs. PPYPX - Dividend Comparison

QFVOX's dividend yield for the trailing twelve months is around 4.86%, less than PPYPX's 7.16% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
PPYPX PIMCO RAE International Fund	7.16%	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	4.86%	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 QFVOX and PPYPX in my portfolio?

QFVOX and PPYPX have a correlation of 0.44, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, QFVOX or PPYPX?

QFVOX has higher volatility (5.13%) compared to PPYPX (3.29%). In terms of maximum drawdown, QFVOX dropped -70.51% vs PPYPX's -42.48%.

Which has better risk-adjusted returns?

QFVOX currently has the higher Sharpe Ratio (2.23 vs 1.65), 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.