- ISIN
- US7042231065
- CUSIP
- 704223106
- Issuer
- Pax World
- Inception Date
- Aug 9, 1971
- Category
- Diversified Portfolio
- Min. Investment
- $1,000
- Distribution Policy
- Distributing
- Asset Class
- Multi-Asset
- Asset Class Size
- Large-Cap
- Asset Class Style
- Blend
Share Price Chart
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Performance
PAXWX Performance Chart
Pax Sustainable Allocation Fund (PAXWX) is up 4.8% since the beginning of the year. PAXWX is currently trading at $27 per share. Investors who bought $1,000 worth of PAXWX shares 5 years ago would now be looking at an investment worth $1,320.
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Returns By Period
Pax Sustainable Allocation Fund (PAXWX) has returned 4.75% so far this year and 13.45% over the past 12 months. Over the last ten years, PAXWX has returned 8.47% per year, falling short of the S&P 500 Index benchmark, which averaged 13.88% annually.
Pax Sustainable Allocation Fund
- 1D
- 0.89%
- 1M
- 1.04%
- YTD
- 4.75%
- 6M
- 4.46%
- 1Y
- 13.45%
- 3Y*
- 11.39%
- 5Y*
- 5.71%
- 10Y*
- 8.47%
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%
PAXWX Monthly Returns History
Based on dividend-adjusted daily data since Jan 2, 1980, PAXWX's average daily return is +0.03%, while the average monthly return is +0.61%. At this rate, an investment would double in approximately 9.5 years.
Historically, 64% of months were positive and 36% were negative. The best month was Aug 1982 with a return of +11.0%, while the worst month was Oct 2008 at -15.1%. The longest winning streak lasted 15 consecutive months, and the longest losing streak was 6 months.
On a daily basis, PAXWX closed higher 47% of trading days. The best single day was Aug 31, 1982 with a return of +11.0%, while the worst single day was Jan 4, 1984 at -8.2%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 0.61% | 0.38% | -4.14% | 5.70% | 2.51% | -0.15% | 4.75% | ||||||
| 2025 | 1.86% | -0.30% | -3.59% | 0.44% | 3.35% | 3.45% | 1.47% | 1.26% | 1.90% | 1.01% | -0.21% | -0.07% | 10.87% |
| 2024 | 0.44% | 1.92% | 2.23% | -3.57% | 2.78% | 0.58% | 2.39% | 1.95% | 1.80% | -2.95% | 2.81% | 1.79% | 12.61% |
| 2023 | 6.01% | -2.65% | 1.62% | 1.17% | -2.07% | 3.46% | 1.74% | -2.08% | -3.99% | -2.56% | 7.69% | 4.90% | 13.19% |
| 2022 | -4.11% | -2.09% | -0.15% | -5.56% | -0.16% | -5.40% | 5.87% | -3.82% | -7.32% | 4.24% | 5.25% | -3.57% | -16.50% |
| 2021 | -0.08% | 1.59% | 2.28% | 3.51% | 1.20% | 0.87% | 1.74% | 1.81% | -3.53% | 3.59% | -1.51% | 3.09% | 15.31% |
Benchmark Metrics
Pax Sustainable Allocation Fund has an annualized alpha of 2.03%, beta of 0.51, and R2 of 0.59 versus S&P 500 Index. Calculated based on daily prices since January 02, 1980.
- This fund participated in 65.34% of S&P 500 Index downside but only 60.66% of its upside - more exposed to losses than it benefited from rallies.
- This fund generated an annualized alpha of 2.03% versus S&P 500 Index - delivering returns beyond what market exposure alone would predict.
- Beta of 0.51 indicates this fund moves significantly less than S&P 500 Index - a genuinely defensive profile with reduced participation in both market rallies and downturns.
- Alpha
- 2.03%
- Beta
- 0.51
- R²
- 0.59
- Upside Capture
- 60.66%
- Downside Capture
- 65.34%
Expense Ratio
PAXWX has an expense ratio of 0.30%, placing it in the medium range.
Return for Risk
Risk / Return Rank
PAXWX ranks 36 for risk / return — below 36% of mutual funds on our site. The returns aren't fully compensating for the risk involved. This isn't necessarily a dealbreaker, but factor it into your decision — especially if you're risk-averse.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for Pax Sustainable Allocation Fund (PAXWX) 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.
| PAXWX | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.42 | ||
| Sortino ratioReturn per unit of downside risk | -0.47 | ||
| Omega ratioGain probability vs. loss probability | 1.29 | 1.37 | -0.08 |
| Calmar ratioReturn relative to maximum drawdown | 2.05 | 2.78 | -0.73 |
| Martin ratioReturn relative to average drawdown | 8.61 | 12.44 | -3.83 |
Dividends
Dividend History
Pax Sustainable Allocation Fund provided a 9.20% dividend yield over the last twelve months, with an annual payout of $2.52 per share. The fund has been increasing its distributions for 2 consecutive years.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $2.52 | $2.52 | $2.15 | $0.84 | $1.42 | $1.40 | $0.74 | $2.17 | $0.61 | $2.47 | $0.67 | $1.82 |
Dividend yield | 9.20% | 9.64% | 8.33% | 3.37% | 6.24% | 4.85% | 2.80% | 9.31% | 2.90% | 10.90% | 3.02% | 8.36% |
Monthly Dividends
The table displays the monthly dividend distributions for Pax Sustainable Allocation 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 | $0.54 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $1.98 | $2.52 |
| 2024 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.50 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $1.65 | $2.15 |
| 2023 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.34 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.50 | $0.84 |
| 2022 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.23 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $1.19 | $1.42 |
| 2021 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.21 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $1.19 | $1.40 |
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 Sustainable Allocation 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 Sustainable Allocation Fund was 40.11%, occurring on Mar 9, 2009. Recovery took 888 trading sessions.
The current Pax Sustainable Allocation Fund drawdown is 0.62%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
Financial crisis2007–2009 | -40.11%Mar 2009 | 1y 4mo | 3y 6mo | 4y 10moNov 2007 - Sep 2012 |
Dot-com crash2000–2002 | -25.37%Jul 2002 | 1y 9mo | 2y 2mo | 4y 8dSep 2000 - Oct 2004 |
1982 bear market1982 | -23.40%Jul 1982 | 1y 7mo | 5mo 4d | 2yDec 1980 - Dec 1982 |
Bear market2022 | -21.64%Oct 2022 | 9mo 18d | 1y 9mo | 2y 6moDec 2021 - Jul 2024 |
COVID crash2020 | -21.24%Mar 2020 | 1mo 2d | 3mo 29d | 5mo 1dFeb 2020 - Jul 2020 |
Drawdown Indicators
| PAXWX | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -40.11% | -56.78% | +16.67% |
Max Drawdown (1Y)Largest decline over 1 year | -6.41% | -9.10% | +2.69% |
Max Drawdown (3Y)Largest decline over 3 years | -11.22% | -18.90% | +7.68% |
Max Drawdown (5Y)Largest decline over 5 years | -21.64% | -25.43% | +3.79% |
Max Drawdown (10Y)Largest decline over 10 years | -21.64% | -33.92% | +12.28% |
Current DrawdownCurrent decline from peak | -0.62% | -1.80% | +1.18% |
Average DrawdownAverage peak-to-trough decline | -5.65% | -10.71% | +5.06% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.53% | 2.03% | -0.50% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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