- ISIN
- US7042237427
- CUSIP
- 704223742
- Issuer
- Pax World Funds
- Category
- Large Cap Blend Equities, ESG
- Min. Investment
- $250,000
- Distribution Policy
- Distributing
- Asset Class
- Equity
- Asset Class Size
- Large-Cap
- Asset Class Style
- Blend
Share Price Chart
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Performance
PXNIX Performance Chart
Pax International Sustainable Economy Fund Institutional Class (PXNIX) is up 10.4% since the beginning of the year. PXNIX is currently trading at $13 per share. Investors who bought $1,000 worth of PXNIX shares 5 years ago would now be looking at an investment worth $1,532.
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Returns By Period
Pax International Sustainable Economy Fund Institutional Class (PXNIX) has returned 10.40% so far this year and 23.27% over the past 12 months. Over the last ten years, PXNIX has returned 9.18% per year, falling short of the S&P 500 Index benchmark, which averaged 13.88% annually.
Pax International Sustainable Economy Fund Institutional Class
- 1D
- 1.13%
- 1M
- 2.82%
- YTD
- 10.40%
- 6M
- 10.86%
- 1Y
- 23.27%
- 3Y*
- 16.10%
- 5Y*
- 8.90%
- 10Y*
- 9.18%
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%
PXNIX Monthly Returns History
Based on dividend-adjusted daily data since Jan 3, 2012, PXNIX's average daily return is +0.04%, while the average monthly return is +0.81%. At this rate, an investment would double in approximately 7.2 years.
Historically, 64% of months were positive and 36% were negative. The best month was Nov 2020 with a return of +14.7%, while the worst month was Mar 2020 at -13.5%. The longest winning streak lasted 8 consecutive months, and the longest losing streak was 4 months.
On a daily basis, PXNIX closed higher 50% of trading days. The best single day was Mar 24, 2014 with a return of +10.3%, while the worst single day was Mar 12, 2020 at -10.7%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 4.34% | 3.69% | -8.33% | 6.94% | 2.01% | 2.04% | 10.40% | ||||||
| 2025 | 5.11% | 2.25% | 0.00% | 4.57% | 3.94% | 2.60% | -2.50% | 3.08% | 2.41% | 1.38% | 1.20% | 1.87% | 28.91% |
| 2024 | -0.50% | 2.71% | 2.64% | -2.09% | 6.71% | -2.04% | 3.31% | 3.67% | 1.15% | -6.21% | 0.00% | -3.71% | 5.03% |
| 2023 | 9.29% | -2.44% | 2.07% | 3.20% | -2.90% | 3.26% | 1.99% | -3.81% | -3.64% | -3.33% | 9.53% | 5.81% | 19.28% |
| 2022 | -4.83% | -3.61% | 0.20% | -6.47% | 0.43% | -8.67% | 4.68% | -6.77% | -9.47% | 5.98% | 13.33% | -1.78% | -17.81% |
| 2021 | -1.38% | 1.50% | 2.27% | 2.22% | 3.11% | -1.01% | 1.22% | 3.53% | -4.03% | 3.36% | -4.70% | 5.13% | 11.23% |
Benchmark Metrics
Pax International Sustainable Economy Fund Institutional Class has an annualized alpha of -0.45%, beta of 0.76, and R2 of 0.62 versus S&P 500 Index. Calculated based on daily prices since January 03, 2012.
- This fund participated in 96.00% of S&P 500 Index downside but only 80.41% of its upside - more exposed to losses than it benefited from rallies.
- Alpha
- -0.45%
- Beta
- 0.76
- R²
- 0.62
- Upside Capture
- 80.41%
- Downside Capture
- 96.00%
Expense Ratio
PXNIX has an expense ratio of 0.47%, placing it in the medium range.
Return for Risk
Risk / Return Rank
PXNIX ranks 29 for risk / return — below 29% 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 International Sustainable Economy Fund Institutional Class (PXNIX) 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.
| PXNIX | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.62 | ||
| Sortino ratioReturn per unit of downside risk | -0.73 | ||
| Omega ratioGain probability vs. loss probability | 1.25 | 1.37 | -0.11 |
| Calmar ratioReturn relative to maximum drawdown | 1.94 | 2.78 | -0.85 |
| Martin ratioReturn relative to average drawdown | 7.45 | 12.44 | -4.99 |
Dividends
Dividend History
Pax International Sustainable Economy Fund Institutional Class provided a 5.06% dividend yield over the last twelve months, with an annual payout of $0.68 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 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.68 | $0.87 | $0.36 | $0.24 | $0.23 | $0.50 | $0.18 | $0.24 | $0.22 | $0.23 | $0.21 | $0.16 |
Dividend yield | 5.06% | 7.17% | 3.54% | 2.38% | 2.64% | 4.69% | 1.82% | 2.58% | 2.84% | 2.54% | 2.74% | 2.04% |
Monthly Dividends
The table displays the monthly dividend distributions for Pax International Sustainable Economy Fund Institutional Class. 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 | $0.19 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.68 | $0.87 |
| 2024 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.20 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.16 | $0.36 |
| 2023 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.17 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.07 | $0.24 |
| 2022 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.15 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.07 | $0.23 |
| 2021 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.18 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.32 | $0.50 |
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 International Sustainable Economy Fund Institutional Class. 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 International Sustainable Economy Fund Institutional Class was 32.54%, occurring on Oct 12, 2022. Recovery took 351 trading sessions.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
Bear market2022 | -32.54%Oct 2022 | 1y 1mo | 1y 4mo | 2y 6moSep 2021 - Mar 2024 |
COVID crash2020 | -31.96%Mar 2020 | 2mo 2d | 7mo 21d | 9mo 23dJan 2020 - Nov 2020 |
2016 bear market2016 | -21.74%Feb 2016 | 8mo 25d | 1y 3mo | 1y 12moMay 2015 - May 2017 |
Rate-hike selloffLate 2018 | -20.91%Dec 2018 | 10mo 29d | 11mo 27d | 1y 10moJan 2018 - Dec 2019 |
2012 correction2012 | -15.50%Jun 2012 | 2mo 16d | 3mo 12d | 5mo 28dMar 2012 - Sep 2012 |
Drawdown Indicators
| PXNIX | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -32.54% | -56.78% | +24.24% |
Max Drawdown (1Y)Largest decline over 1 year | -11.58% | -9.10% | -2.48% |
Max Drawdown (3Y)Largest decline over 3 years | -13.47% | -18.90% | +5.43% |
Max Drawdown (5Y)Largest decline over 5 years | -32.54% | -25.43% | -7.11% |
Max Drawdown (10Y)Largest decline over 10 years | -32.54% | -33.92% | +1.38% |
Current DrawdownCurrent decline from peak | 0.00% | -1.80% | +1.80% |
Average DrawdownAverage peak-to-trough decline | -6.69% | -10.71% | +4.02% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.01% | 2.03% | +0.98% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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