- ISIN
- US7042234374
- Issuer
- Pax World
- Inception Date
- Jun 26, 2018
- Category
- Global Equities
- Min. Investment
- $1,000
- Distribution Policy
- Distributing
- Asset Class
- Equity
- Asset Class Size
- Large-Cap
- Asset Class Style
- Growth
Share Price Chart
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Performance
PAXGX Performance Chart
Pax Global Opportunities Fund (PAXGX) is up 4.7% since the beginning of the year. PAXGX is currently trading at $17 per share. Investors who bought $1,000 worth of PAXGX shares 5 years ago would now be looking at an investment worth $1,259.
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Returns By Period
Pax Global Opportunities Fund (PAXGX) has returned 4.69% so far this year and 9.10% over the past 12 months.
Pax Global Opportunities Fund
- 1D
- 1.04%
- 1M
- 3.57%
- YTD
- 4.69%
- 6M
- 6.52%
- 1Y
- 9.10%
- 3Y*
- 8.61%
- 5Y*
- 4.71%
- 10Y*
- —
Benchmark (S&P 500 Index)
- 1D
- 0.13%
- 1M
- 5.25%
- YTD
- 11.16%
- 6M
- 11.43%
- 1Y
- 28.20%
- 3Y*
- 21.12%
- 5Y*
- 12.66%
- 10Y*
- 13.75%
PAXGX Monthly Returns History
Based on dividend-adjusted daily data since Jun 27, 2018, PAXGX's average daily return is +0.04%, while the average monthly return is +0.85%. At this rate, an investment would double in approximately 6.8 years.
Historically, 64% of months were positive and 36% were negative. The best month was Nov 2022 with a return of +11.3%, while the worst month was Mar 2020 at -10.6%. The longest winning streak lasted 7 consecutive months, and the longest losing streak was 3 months.
On a daily basis, PAXGX closed higher 51% of trading days. The best single day was Mar 24, 2020 with a return of +8.3%, while the worst single day was Mar 16, 2020 at -9.9%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 0.06% | 1.02% | -7.73% | 8.51% | 2.38% | 1.04% | 4.69% | ||||||
| 2025 | 3.51% | -0.89% | -4.62% | 1.51% | 5.70% | 3.25% | 1.31% | -0.67% | 1.07% | 0.28% | -2.34% | 1.40% | 9.48% |
| 2024 | 0.06% | 4.45% | 1.16% | -4.27% | 4.90% | -0.74% | 2.90% | 3.88% | 2.43% | -4.81% | 1.97% | -5.23% | 6.16% |
| 2023 | 7.01% | -2.05% | 3.21% | 0.88% | -2.34% | 5.37% | 1.37% | -2.77% | -5.89% | -3.58% | 9.11% | 5.08% | 15.16% |
| 2022 | -7.49% | -5.25% | 2.00% | -7.92% | 1.49% | -8.68% | 10.43% | -7.57% | -9.09% | 6.28% | 11.28% | -3.10% | -18.86% |
| 2021 | -1.50% | 1.52% | 0.95% | 4.66% | 1.81% | 0.89% | 3.52% | 3.52% | -4.69% | 5.11% | -2.22% | 4.21% | 18.71% |
Benchmark Metrics
Pax Global Opportunities Fund has an annualized alpha of -2.38%, beta of 0.88, and R2 of 0.87 versus S&P 500 Index. Calculated based on daily prices since June 28, 2018.
- This fund participated in 101.80% of S&P 500 Index downside but only 86.02% of its upside - more exposed to losses than it benefited from rallies.
- This fund had an annualized alpha of -2.38% versus S&P 500 Index - delivering less than market exposure alone would predict.
- With beta of 0.88 and R2 of 0.87, this fund moves broadly in line with S&P 500 Index - much of its variation is explained by market exposure rather than independent behavior.
- Alpha
- -2.38%
- Beta
- 0.88
- R²
- 0.87
- Upside Capture
- 86.02%
- Downside Capture
- 101.80%
Expense Ratio
PAXGX has a high expense ratio of 1.21%, indicating above-average management fees.
Return for Risk
Risk / Return Rank
PAXGX ranks 8 for risk / return — in the bottom 8% 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 Global Opportunities Fund (PAXGX) and compare them to S&P 500 Index.
| PAXGX | Benchmark | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.69 | 2.39 | -1.70 |
Sortino ratioReturn per unit of downside risk | 1.06 | 3.25 | -2.19 |
Omega ratioGain probability vs. loss probability | 1.12 | 1.43 | -0.31 |
Calmar ratioReturn relative to maximum drawdown | 0.75 | 3.11 | -2.36 |
Martin ratioReturn relative to average drawdown | 2.57 | 14.38 | -11.81 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Dividends
Dividend History
Pax Global Opportunities Fund provided a 6.56% dividend yield over the last twelve months, with an annual payout of $1.14 per share. The fund has been increasing its distributions for 2 consecutive years.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
| Dividend | $1.14 | $1.14 | $0.46 | $0.03 | $0.18 | $0.31 | $0.12 | $0.21 |
Dividend yield | 6.56% | 6.87% | 2.82% | 0.21% | 1.30% | 1.79% | 0.80% | 1.77% |
Monthly Dividends
The table displays the monthly dividend distributions for Pax Global Opportunities 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 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | ||||||
| 2025 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.02 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $1.12 | $1.14 |
| 2024 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.05 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.41 | $0.46 |
| 2023 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.03 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.03 |
| 2022 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.18 | $0.18 |
| 2021 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.31 | $0.31 |
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 Global Opportunities 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 Global Opportunities Fund was 30.63%, occurring on Mar 23, 2020. Recovery took 79 trading sessions.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
COVID crash2020 | -30.63%Mar 2020 | 1mo 9d | 3mo 24d | 5mo 3dFeb 2020 - Jul 2020 |
Bear market2022 | -30.37%Oct 2022 | 9mo 16d | 1y 7mo | 2y 5moDec 2021 - Jun 2024 |
2025 selloff2025 | -19.35%Apr 2025 | 6mo 13d | 2mo 26d | 9mo 9dSep 2024 - Jul 2025 |
Rate-hike selloffLate 2018 | -17.55%Dec 2018 | 3mo 1d | 2mo 21d | 5mo 22dSep 2018 - Mar 2019 |
2026 correction2026 | -12.28%Mar 2026 | 5mo 3d | 1mo 27d | 7moOct 2025 - May 2026 |
Drawdown Indicators
| PAXGX | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -30.63% | -56.78% | +26.15% |
Max Drawdown (1Y)Largest decline over 1 year | -12.28% | -9.10% | -3.18% |
Max Drawdown (3Y)Largest decline over 3 years | -19.35% | -18.90% | -0.45% |
Max Drawdown (5Y)Largest decline over 5 years | -30.37% | -25.43% | -4.94% |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.92% | — |
Current DrawdownCurrent decline from peak | 0.00% | 0.00% | 0.00% |
Average DrawdownAverage peak-to-trough decline | -6.55% | -10.72% | +4.17% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.58% | 1.97% | +1.61% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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