- ISIN
- US7042238250
- CUSIP
- 704223825
- Issuer
- Pax World
- Inception Date
- Mar 27, 2008
- Category
- Small Cap Blend Equities
- Min. Investment
- $1,000
- Distribution Policy
- Distributing
- Asset Class
- Equity
- Asset Class Size
- Small-Cap
- Asset Class Style
- Blend
Share Price Chart
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Performance
PXSCX Performance Chart
Pax Small Cap Fund (PXSCX) is up 16.8% since the beginning of the year. PXSCX is currently trading at $21 per share. Investors who bought $1,000 worth of PXSCX shares 5 years ago would now be looking at an investment worth $1,410.
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Returns By Period
Pax Small Cap Fund (PXSCX) has returned 16.84% so far this year and 39.20% over the past 12 months. Over the last ten years, PXSCX has returned 9.15% per year, falling short of the S&P 500 Index benchmark, which averaged 13.88% annually.
Pax Small Cap Fund
- 1D
- 1.48%
- 1M
- 6.18%
- YTD
- 16.84%
- 6M
- 13.24%
- 1Y
- 39.20%
- 3Y*
- 16.08%
- 5Y*
- 7.12%
- 10Y*
- 9.15%
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%
PXSCX Monthly Returns History
Based on dividend-adjusted daily data since Mar 28, 2008, PXSCX's average daily return is +0.04%, while the average monthly return is +0.87%. At this rate, an investment would double in approximately 6.7 years.
Historically, 64% of months were positive and 36% were negative. The best month was Nov 2020 with a return of +14.1%, while the worst month was Oct 2008 at -23.2%. The longest winning streak lasted 9 consecutive months, and the longest losing streak was 6 months.
On a daily basis, PXSCX closed higher 52% of trading days. The best single day was Oct 13, 2008 with a return of +11.6%, while the worst single day was Mar 16, 2020 at -13.8%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 2.63% | 1.60% | -6.00% | 10.46% | 2.99% | 4.77% | 16.84% | ||||||
| 2025 | 3.22% | -4.85% | -7.32% | -1.45% | 4.11% | 3.14% | 3.35% | 6.24% | 2.12% | 0.05% | 3.46% | -0.24% | 11.53% |
| 2024 | -0.63% | 3.22% | 3.12% | -5.33% | 4.01% | -2.41% | 7.34% | 0.98% | 1.14% | 0.11% | 9.72% | -6.39% | 14.55% |
| 2023 | 8.75% | 0.20% | -3.52% | -1.83% | -2.55% | 7.78% | 3.02% | -2.10% | -5.99% | -7.68% | 9.15% | 9.62% | 13.51% |
| 2022 | -9.35% | -2.30% | -0.12% | -9.00% | -0.27% | -7.99% | 9.04% | -2.12% | -8.27% | 9.83% | 1.75% | -4.70% | -22.99% |
| 2021 | 5.39% | 5.89% | 1.87% | 7.30% | -0.16% | 1.45% | -0.41% | 3.40% | -3.79% | 5.85% | -2.40% | 3.05% | 30.34% |
Benchmark Metrics
Pax Small Cap Fund has an annualized alpha of -0.04%, beta of 0.97, and R2 of 0.79 versus S&P 500 Index. Calculated based on daily prices since March 28, 2008.
- With beta of 0.97 and R2 of 0.79, 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
- -0.04%
- Beta
- 0.97
- R²
- 0.79
- Upside Capture
- 95.92%
- Downside Capture
- 99.53%
Expense Ratio
PXSCX has a high expense ratio of 1.15%, indicating above-average management fees.
Return for Risk
Risk / Return Rank
PXSCX ranks 72 for risk / return — better than 72% of mutual funds on our site. You're getting solid returns for the risk taken. A good sign, especially for investors who want growth without excessive volatility.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for Pax Small Cap Fund (PXSCX) 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.
| PXSCX | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.24 | ||
| Sortino ratioReturn per unit of downside risk | +0.42 | ||
| Omega ratioGain probability vs. loss probability | 1.38 | 1.37 | +0.02 |
| Calmar ratioReturn relative to maximum drawdown | 3.53 | 2.78 | +0.75 |
| Martin ratioReturn relative to average drawdown | 13.88 | 12.44 | +1.44 |
Dividends
Dividend History
Pax Small Cap Fund provided a 5.54% dividend yield over the last twelve months, with an annual payout of $1.18 per share.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $1.18 | $1.18 | $0.90 | $0.00 | $0.35 | $1.80 | $0.61 | $0.13 | $1.77 | $0.26 | $0.34 | $0.09 |
Dividend yield | 5.54% | 6.47% | 5.19% | 0.00% | 2.47% | 9.60% | 3.87% | 0.89% | 14.72% | 1.56% | 2.24% | 0.64% |
Monthly Dividends
The table displays the monthly dividend distributions for Pax Small 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 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $1.18 | $1.18 |
| 2024 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.90 | $0.90 |
| 2023 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
| 2022 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.35 | $0.35 |
| 2021 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.02 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $1.78 | $1.80 |
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 Small 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 Small Cap Fund was 51.55%, occurring on Nov 20, 2008. Recovery took 347 trading sessions.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
Financial crisis2007–2009 | -51.55%Nov 2008 | 5mo 21d | 1y 4mo | 1y 10moJun 2008 - Apr 2010 |
COVID crash2020 | -41.38%Mar 2020 | 26d | 8mo 10d | 9mo 6dFeb 2020 - Nov 2020 |
Bear market2022 | -32.25%Jun 2022 | 7mo 10d | 2y 4mo | 3y 4dNov 2021 - Nov 2024 |
2011 bear market2011 | -26.87%Oct 2011 | 4mo 4d | 1y 3mo | 1y 7moJun 2011 - Jan 2013 |
2025 selloff2025 | -25.52%Apr 2025 | 4mo 6d | 5mo 6d | 9mo 12dDec 2024 - Sep 2025 |
Drawdown Indicators
| PXSCX | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -51.55% | -56.78% | +5.23% |
Max Drawdown (1Y)Largest decline over 1 year | -11.06% | -9.10% | -1.96% |
Max Drawdown (3Y)Largest decline over 3 years | -25.52% | -18.90% | -6.62% |
Max Drawdown (5Y)Largest decline over 5 years | -32.25% | -25.43% | -6.82% |
Max Drawdown (10Y)Largest decline over 10 years | -41.38% | -33.92% | -7.46% |
Current DrawdownCurrent decline from peak | 0.00% | -1.80% | +1.80% |
Average DrawdownAverage peak-to-trough decline | -9.25% | -10.71% | +1.46% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.81% | 2.03% | +0.78% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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