- ISIN
- US7042234788
- Issuer
- Pax World
- Inception Date
- Dec 16, 2016
- Category
- Intermediate Core Bond
- Min. Investment
- $1,000
- Distribution Policy
- Distributing
- Asset Class
- Bond
Share Price Chart
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Performance
PAXBX Performance Chart
PAX CORE BOND FUND (PAXBX) is up 0.3% since the beginning of the year. PAXBX is currently trading at $9 per share. Investors who bought $1,000 worth of PAXBX shares 5 years ago would now be looking at an investment worth $974.
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Returns By Period
PAX CORE BOND FUND (PAXBX) has returned 0.32% so far this year and 4.47% over the past 12 months.
PAX CORE BOND FUND
- 1D
- 0.23%
- 1M
- 0.78%
- YTD
- 0.32%
- 6M
- 0.62%
- 1Y
- 4.47%
- 3Y*
- 3.47%
- 5Y*
- -0.53%
- 10Y*
- —
Benchmark (S&P 500 Index)
- 1D
- -0.37%
- 1M
- -0.01%
- YTD
- 9.16%
- 6M
- 8.64%
- 1Y
- 25.22%
- 3Y*
- 19.78%
- 5Y*
- 11.99%
- 10Y*
- 13.88%
PAXBX Monthly Returns History
Based on dividend-adjusted daily data since Dec 16, 2016, PAXBX's average daily return is +0.01%, while the average monthly return is +0.12%. At this rate, an investment would double in approximately 48.2 years.
Historically, 53% of months were positive and 47% were negative. The best month was Nov 2023 with a return of +4.5%, while the worst month was Sep 2022 at -4.3%. The longest winning streak lasted 6 consecutive months, and the longest losing streak was 6 months.
On a daily basis, PAXBX closed higher 44% of trading days. The best single day was Nov 10, 2022 with a return of +1.9%, while the worst single day was Mar 18, 2020 at -1.9%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 0.20% | 1.54% | -1.80% | 0.20% | 0.32% | -0.11% | 0.32% | ||||||
| 2025 | 0.42% | 2.13% | -0.14% | 0.31% | -0.72% | 1.44% | -0.26% | 1.22% | 0.98% | 0.55% | 0.64% | -0.26% | 6.45% |
| 2024 | -0.05% | -1.32% | 0.57% | -2.45% | 1.60% | 0.98% | 2.13% | 1.42% | 1.29% | -2.57% | 1.20% | -1.62% | 1.04% |
| 2023 | 3.24% | -2.48% | 2.31% | 0.34% | -1.10% | -0.21% | -0.20% | -0.80% | -2.41% | -1.90% | 4.52% | 3.54% | 4.60% |
| 2022 | -2.13% | -1.17% | -2.59% | -3.50% | 0.28% | -1.84% | 2.32% | -2.82% | -4.33% | -1.20% | 3.28% | -0.55% | -13.60% |
| 2021 | -0.76% | -1.59% | -1.03% | 0.73% | 0.33% | 0.72% | 1.01% | -0.14% | -0.92% | -0.07% | 0.22% | -0.32% | -1.85% |
Benchmark Metrics
PAX CORE BOND FUND has an annualized alpha of 1.41%, beta of 0.01, and R2 of 0.00 versus S&P 500 Index. Calculated based on daily prices since December 16, 2016.
- This fund participated in 19.02% of S&P 500 Index downside but only 11.26% of its upside - more exposed to losses than it benefited from rallies.
- Beta of 0.01 may look defensive, but with R2 of 0.00 this fund is largely uncorrelated with S&P 500 Index - low beta reflects independence, not downside protection. See the Volatility section for a true picture of this fund's risk.
- R2 of 0.00 means this fund moves largely independently of S&P 500 Index - capture ratios reflect limited market correlation rather than active downside protection. Consider using a more representative benchmark.
- Alpha
- 1.41%
- Beta
- 0.01
- R²
- 0.00
- Upside Capture
- 11.26%
- Downside Capture
- 19.02%
Expense Ratio
PAXBX has an expense ratio of 0.71%, placing it in the medium range.
Return for Risk
Risk / Return Rank
PAXBX ranks 19 for risk / return — in the bottom 19% of mutual funds on our site. This means you're taking on significantly more risk than the returns justify. Consider whether the potential upside is worth the volatility, or explore alternatives with better risk / return profiles.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for PAX CORE BOND FUND (PAXBX) and compare them to S&P 500 Index.
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.
| PAXBX | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.85 | ||
| Sortino ratioReturn per unit of downside risk | -0.99 | ||
| Omega ratioGain probability vs. loss probability | 1.21 | 1.37 | -0.16 |
| Calmar ratioReturn relative to maximum drawdown | 1.53 | 2.78 | -1.26 |
| Martin ratioReturn relative to average drawdown | 4.42 | 12.44 | -8.02 |
Dividends
Dividend History
PAX CORE BOND FUND provided a 3.83% dividend yield over the last twelve months, with an annual payout of $0.34 per share. The fund has been increasing its distributions for 3 consecutive years.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.34 | $0.33 | $0.28 | $0.19 | $0.15 | $0.15 | $0.44 | $0.27 | $0.23 | $0.23 | $0.01 |
Dividend yield | 3.83% | 3.72% | 3.22% | 2.18% | 1.69% | 1.51% | 4.14% | 2.59% | 2.37% | 2.24% | 0.07% |
Monthly Dividends
The table displays the monthly dividend distributions for PAX CORE BOND FUND. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.00 | $0.14 | ||||||
| 2025 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.04 | $0.33 |
| 2024 | $0.03 | $0.02 | $0.00 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.28 |
| 2023 | $0.02 | $0.02 | $0.02 | $0.00 | $0.02 | $0.02 | $0.02 | $0.00 | $0.02 | $0.00 | $0.02 | $0.02 | $0.19 |
| 2022 | $0.01 | $0.01 | $0.02 | $0.02 | $0.02 | $0.00 | $0.00 | $0.02 | $0.00 | $0.02 | $0.02 | $0.02 | $0.15 |
| 2021 | $0.00 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.02 | $0.01 | $0.01 | $0.01 | $0.02 | $0.15 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
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Worst Drawdowns
The table below displays the maximum drawdowns of the PAX CORE BOND FUND. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the PAX CORE BOND FUND was 18.88%, occurring on Oct 20, 2022. The portfolio has not yet recovered.
The current PAX CORE BOND FUND drawdown is 4.66%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
Bear market2022 | -18.88%Oct 2022 | 2y 2mo | — | 5y 10moAug 2020 - now |
COVID crash2020 | -6.99%Mar 2020 | 9d | 3mo 22d | 4mo 1dMar 2020 - Jul 2020 |
2018 pullback2018 | -3.75%May 2018 | 8mo 8d | 9mo 24d | 1y 5moSep 2017 - Mar 2019 |
2019 pullback2019 | -2.10%Sep 2019 | 8d | 20d | 28dSep 2019 - Oct 2019 |
2019 pullback2019 | -1.54%Nov 2019 | 1mo 1d | 2mo 17d | 3mo 18dOct 2019 - Jan 2020 |
Drawdown Indicators
| PAXBX | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -18.88% | -56.78% | +37.90% |
Max Drawdown (1Y)Largest decline over 1 year | -2.94% | -9.10% | +6.16% |
Max Drawdown (3Y)Largest decline over 3 years | -6.24% | -18.90% | +12.66% |
Max Drawdown (5Y)Largest decline over 5 years | -18.30% | -25.43% | +7.13% |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.92% | — |
Current DrawdownCurrent decline from peak | -4.66% | -1.80% | -2.86% |
Average DrawdownAverage peak-to-trough decline | -5.71% | -10.71% | +5.00% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.01% | 2.03% | -1.02% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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