- ISIN
- US7042234945
- Issuer
- Pax World
- Inception Date
- Dec 16, 2016
- Category
- Large Cap Blend Equities
- Min. Investment
- $1,000
- Distribution Policy
- Distributing
- Asset Class
- Equity
- Asset Class Size
- Large-Cap
- Asset Class Style
- Blend
Share Price Chart
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Performance
PAXLX Performance Chart
PAX LARGE CAP FUND (PAXLX) is up 1.2% since the beginning of the year. PAXLX is currently trading at $11 per share. Investors who bought $1,000 worth of PAXLX shares 5 years ago would now be looking at an investment worth $1,397.
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Returns By Period
PAX LARGE CAP FUND (PAXLX) has returned 1.18% so far this year and 12.09% over the past 12 months.
PAX LARGE CAP FUND
- 1D
- 1.36%
- 1M
- -1.06%
- YTD
- 1.18%
- 6M
- 0.72%
- 1Y
- 12.09%
- 3Y*
- 12.07%
- 5Y*
- 6.91%
- 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%
PAXLX Monthly Returns History
Based on dividend-adjusted daily data since Dec 16, 2016, PAXLX's average daily return is +0.05%, while the average monthly return is +1.09%. At this rate, an investment would double in approximately 5.3 years.
Historically, 65% of months were positive and 35% were negative. The best month was Nov 2020 with a return of +12.0%, while the worst month was Mar 2020 at -11.1%. The longest winning streak lasted 10 consecutive months, and the longest losing streak was 5 months.
On a daily basis, PAXLX closed higher 52% of trading days. The best single day was Dec 20, 2024 with a return of +17.5%, while the worst single day was Dec 23, 2024 at -13.3%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | -0.64% | -2.19% | -5.60% | 10.09% | 2.96% | -2.71% | 1.18% | ||||||
| 2025 | 2.04% | -1.92% | -6.75% | -0.17% | 6.91% | 5.76% | 4.04% | 0.43% | 2.72% | 1.53% | -2.06% | -0.24% | 12.17% |
| 2024 | 1.51% | 4.39% | 3.64% | -4.75% | 3.10% | 1.22% | 1.80% | 2.11% | 2.40% | -3.19% | 4.18% | -2.76% | 13.96% |
| 2023 | 8.16% | -3.21% | 1.16% | 1.72% | -2.66% | 6.30% | 3.44% | -3.02% | -5.22% | -2.79% | 10.40% | 5.48% | 19.96% |
| 2022 | -4.66% | -2.41% | 0.94% | -7.26% | -0.77% | -7.21% | 8.35% | -4.59% | -10.03% | 8.43% | 5.77% | -6.50% | -20.01% |
| 2021 | 0.42% | 4.06% | 4.54% | 5.86% | 1.65% | 1.48% | 2.51% | 2.79% | -5.30% | 6.23% | -1.98% | 5.39% | 30.64% |
Benchmark Metrics
PAX LARGE CAP FUND has an annualized alpha of -0.27%, beta of 0.98, and R2 of 0.84 versus S&P 500 Index. Calculated based on daily prices since December 16, 2016.
- With beta of 0.98 and R2 of 0.84, 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
- -0.27%
- Beta
- 0.98
- R²
- 0.84
- Upside Capture
- 98.91%
- Downside Capture
- 102.79%
Expense Ratio
PAXLX has a high expense ratio of 0.97%, indicating above-average management fees.
Return for Risk
Risk / Return Rank
PAXLX ranks 12 for risk / return — in the bottom 12% 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 LARGE CAP FUND (PAXLX) 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.
| PAXLX | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.10 | ||
| Sortino ratioReturn per unit of downside risk | -1.42 | ||
| Omega ratioGain probability vs. loss probability | 1.17 | 1.37 | -0.20 |
| Calmar ratioReturn relative to maximum drawdown | 0.88 | 2.78 | -1.91 |
| Martin ratioReturn relative to average drawdown | 3.11 | 12.44 | -9.33 |
Dividends
Dividend History
PAX LARGE CAP FUND provided a 28.68% dividend yield over the last twelve months, with an annual payout of $3.20 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 | $3.20 | $3.24 | $2.34 | $0.57 | $0.34 | $0.86 | $0.80 | $0.36 | $2.03 | $1.39 | $0.01 |
Dividend yield | 28.68% | 29.38% | 18.38% | 4.28% | 2.92% | 5.80% | 6.67% | 3.49% | 25.45% | 13.18% | 0.07% |
Monthly Dividends
The table displays the monthly dividend distributions for PAX LARGE CAP 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 | $0.04 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $3.20 | $3.24 |
| 2024 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.04 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $2.30 | $2.34 |
| 2023 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.04 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.53 | $0.57 |
| 2022 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.03 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.31 | $0.34 |
| 2021 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.02 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.84 | $0.86 |
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 LARGE CAP 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 LARGE CAP FUND was 32.73%, occurring on Mar 23, 2020. Recovery took 95 trading sessions.
The current PAX LARGE CAP FUND drawdown is 3.38%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
COVID crash2020 | -32.73%Mar 2020 | 1mo 2d | 4mo 16d | 5mo 18dFeb 2020 - Aug 2020 |
2025 selloff2025 | -28.48%Apr 2025 | 3mo 16d | 1y 1mo | 1y 5moDec 2024 - Jun 2026 |
Bear market2022 | -26.21%Oct 2022 | 9mo 10d | 1y 4mo | 2y 1moJan 2022 - Feb 2024 |
Rate-hike selloffLate 2018 | -21.38%Dec 2018 | 3mo 4d | 6mo 9d | 9mo 13dSep 2018 - Jul 2019 |
2018 pullback2018 | -9.97%Feb 2018 | 10d | 5mo 17d | 5mo 27dJan 2018 - Jul 2018 |
Drawdown Indicators
| PAXLX | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -32.73% | -56.78% | +24.05% |
Max Drawdown (1Y)Largest decline over 1 year | -13.12% | -9.10% | -4.02% |
Max Drawdown (3Y)Largest decline over 3 years | -28.48% | -18.90% | -9.58% |
Max Drawdown (5Y)Largest decline over 5 years | -28.48% | -25.43% | -3.05% |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.92% | — |
Current DrawdownCurrent decline from peak | -3.38% | -1.80% | -1.58% |
Average DrawdownAverage peak-to-trough decline | -6.18% | -10.71% | +4.53% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.70% | 2.03% | +1.67% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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