- ISIN
- US70422T2087
- CUSIP
- 70422T208
- Issuer
- Impax Asset Management
- Inception Date
- Sep 30, 1993
- Category
- Global 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
PXWEX Performance Chart
Pax Ellevate Global Women’s Leadership Fund (PXWEX) is up 10.8% since the beginning of the year. PXWEX is currently trading at $38 per share. Investors who bought $1,000 worth of PXWEX shares 5 years ago would now be looking at an investment worth $1,468.
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Returns By Period
Pax Ellevate Global Women’s Leadership Fund (PXWEX) has returned 10.82% so far this year and 24.28% over the past 12 months. Over the last ten years, PXWEX has returned 10.57% per year, falling short of the S&P 500 Index benchmark, which averaged 13.66% annually.
Pax Ellevate Global Women’s Leadership Fund
- 1D
- 0.31%
- 1M
- 5.77%
- YTD
- 10.82%
- 6M
- 12.61%
- 1Y
- 24.28%
- 3Y*
- 16.76%
- 5Y*
- 7.98%
- 10Y*
- 10.57%
Benchmark (S&P 500 Index)
- 1D
- -0.74%
- 1M
- 4.90%
- YTD
- 10.35%
- 6M
- 10.28%
- 1Y
- 26.52%
- 3Y*
- 20.83%
- 5Y*
- 12.30%
- 10Y*
- 13.66%
PXWEX Monthly Returns History
Based on dividend-adjusted daily data since Oct 18, 1993, PXWEX'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, 61% of months were positive and 39% were negative. The best month was Mar 2000 with a return of +12.5%, while the worst month was Oct 2008 at -20.0%. The longest winning streak lasted 11 consecutive months, and the longest losing streak was 5 months.
On a daily basis, PXWEX closed higher 51% of trading days. The best single day was Oct 13, 2008 with a return of +10.7%, while the worst single day was Mar 16, 2020 at -11.3%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 0.98% | 0.46% | -5.62% | 9.63% | 4.52% | 1.00% | 10.82% | ||||||
| 2025 | 2.47% | -0.06% | -5.37% | 1.15% | 5.98% | 3.53% | 0.64% | 2.07% | 1.55% | 2.17% | 0.71% | 1.71% | 17.41% |
| 2024 | -0.28% | 3.39% | 1.35% | -4.59% | 3.93% | 1.29% | 0.74% | 3.68% | 1.97% | -2.36% | 4.42% | -1.58% | 12.15% |
| 2023 | 6.97% | -2.74% | 2.50% | 2.65% | -3.32% | 4.44% | 1.89% | -2.52% | -4.55% | -1.75% | 8.99% | 5.29% | 18.14% |
| 2022 | -6.57% | -3.08% | 1.95% | -7.27% | -0.63% | -8.27% | 7.54% | -5.34% | -8.93% | 7.58% | 8.04% | -4.85% | -19.99% |
| 2021 | -1.94% | 2.45% | 3.71% | 4.59% | 1.75% | 1.29% | 1.74% | 2.09% | -4.86% | 5.95% | -3.67% | 3.54% | 17.28% |
Benchmark Metrics
Pax Ellevate Global Women’s Leadership Fund has an annualized alpha of -1.57%, beta of 0.92, and R2 of 0.91 versus S&P 500 Index. Calculated based on daily prices since October 19, 1993.
- This fund participated in 94.34% of S&P 500 Index downside but only 83.72% of its upside - more exposed to losses than it benefited from rallies.
- With beta of 0.92 and R2 of 0.91, 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
- -1.57%
- Beta
- 0.92
- R²
- 0.91
- Upside Capture
- 83.72%
- Downside Capture
- 94.34%
Expense Ratio
PXWEX has an expense ratio of 0.77%, placing it in the medium range.
Return for Risk
Risk / Return Rank
PXWEX ranks 48 for risk / return — on par with similar mutual funds. You're getting a typical balance of risk and reward. Not a standout, but not a red flag either — a reasonable choice if other factors align with your goals.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for Pax Ellevate Global Women’s Leadership Fund (PXWEX) and compare them to S&P 500 Index.
| PXWEX | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.18 | ||
| Sortino ratioReturn per unit of downside risk | -0.20 | ||
| Omega ratioGain probability vs. loss probability | 1.37 | 1.41 | -0.04 |
| Calmar ratioReturn relative to maximum drawdown | 2.58 | 2.93 | -0.34 |
| Martin ratioReturn relative to average drawdown | 11.41 | 13.52 | -2.11 |
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 Ellevate Global Women’s Leadership Fund provided a 8.87% dividend yield over the last twelve months, with an annual payout of $3.40 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 | $3.40 | $3.40 | $3.07 | $0.51 | $0.85 | $0.43 | $0.31 | $0.82 | $1.08 | $0.62 | $0.37 | $0.48 |
Dividend yield | 8.87% | 9.83% | 9.47% | 1.60% | 3.12% | 1.21% | 1.04% | 3.03% | 4.90% | 2.49% | 1.80% | 2.41% |
Monthly Dividends
The table displays the monthly dividend distributions for Pax Ellevate Global Women’s Leadership 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 | $0.33 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $3.07 | $3.40 |
| 2024 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.63 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $2.44 | $3.07 |
| 2023 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.51 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.51 |
| 2022 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.24 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.61 | $0.85 |
| 2021 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.23 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.19 | $0.43 |
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 Ellevate Global Women’s Leadership 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 Ellevate Global Women’s Leadership Fund was 53.70%, occurring on Mar 9, 2009. Recovery took 1165 trading sessions.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
Financial crisis2007–2009 | -53.70%Mar 2009 | 1y 4mo | 4y 7mo | 5y 11moNov 2007 - Oct 2013 |
Dot-com crash2000–2002 | -37.74%Jul 2002 | 3y 5d | 4y 3mo | 7y 4moJul 1999 - Nov 2006 |
COVID crash2020 | -34.47%Mar 2020 | 1mo 2d | 5mo 8d | 6mo 10dFeb 2020 - Aug 2020 |
Bear market2022 | -29.67%Oct 2022 | 10mo 29d | 1y 10mo | 2y 9moNov 2021 - Aug 2024 |
1998 bear market1998 | -21.74%Oct 1998 | 2mo 19d | 5mo 4d | 7mo 23dJul 1998 - Mar 1999 |
Drawdown Indicators
| PXWEX | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -53.70% | -56.78% | +3.08% |
Max Drawdown (1Y)Largest decline over 1 year | -9.60% | -9.10% | -0.50% |
Max Drawdown (3Y)Largest decline over 3 years | -18.31% | -18.90% | +0.59% |
Max Drawdown (5Y)Largest decline over 5 years | -29.67% | -25.43% | -4.24% |
Max Drawdown (10Y)Largest decline over 10 years | -34.47% | -33.92% | -0.55% |
Current DrawdownCurrent decline from peak | 0.00% | -0.74% | +0.74% |
Average DrawdownAverage peak-to-trough decline | -9.80% | -10.72% | +0.92% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.17% | 1.97% | +0.20% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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