- ISIN
- US70422T1097
- CUSIP
- 70422T109
- Issuer
- Pax World Funds
- Category
- ESG, Global Equities
- 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
PXWIX Performance Chart
Pax Ellevate Global Women’s Leadership Fund Institutional Class (PXWIX) is up 9.7% since the beginning of the year. PXWIX is currently trading at $38 per share. Investors who bought $1,000 worth of PXWIX shares 5 years ago would now be looking at an investment worth $1,473.
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Returns By Period
Pax Ellevate Global Women’s Leadership Fund Institutional Class (PXWIX) has returned 9.68% so far this year and 24.34% over the past 12 months. Over the last ten years, PXWIX has returned 10.88% per year, falling short of the S&P 500 Index benchmark, which averaged 13.88% annually.
Pax Ellevate Global Women’s Leadership Fund Institutional Class
- 1D
- 0.71%
- 1M
- 0.76%
- YTD
- 9.68%
- 6M
- 9.36%
- 1Y
- 24.34%
- 3Y*
- 15.65%
- 5Y*
- 8.05%
- 10Y*
- 10.88%
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%
PXWIX Monthly Returns History
Based on dividend-adjusted daily data since Jan 3, 2007, PXWIX's average daily return is +0.03%, while the average monthly return is +0.66%. At this rate, an investment would double in approximately 8.8 years.
Historically, 61% of months were positive and 39% were negative. The best month was Nov 2020 with a return of +12.1%, 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, PXWIX closed higher 53% of trading days. The best single day was Oct 13, 2008 with a return of +10.8%, 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 | 1.00% | 0.48% | -5.59% | 9.62% | 4.55% | -0.13% | 9.68% | ||||||
| 2025 | 2.51% | -0.03% | -5.37% | 1.17% | 6.02% | 3.56% | 0.63% | 2.14% | 1.56% | 2.17% | 0.73% | 1.73% | 17.72% |
| 2024 | -0.28% | 3.42% | 1.40% | -4.58% | 3.92% | 1.33% | 0.76% | 3.68% | 2.01% | -2.34% | 4.41% | -1.55% | 12.41% |
| 2023 | 6.96% | -2.72% | 2.52% | 2.70% | -3.29% | 4.42% | 1.95% | -2.53% | -4.52% | -1.70% | 8.99% | 5.31% | 18.41% |
| 2022 | -6.57% | -3.06% | 2.00% | -7.26% | -0.59% | -8.28% | 7.58% | -5.31% | -8.91% | 7.61% | 8.03% | -4.79% | -19.77% |
| 2021 | -1.90% | 2.44% | 3.75% | 4.59% | 1.77% | 1.34% | 1.76% | 2.11% | -4.86% | 6.00% | -3.67% | 3.57% | 17.58% |
Benchmark Metrics
Pax Ellevate Global Women’s Leadership Fund Institutional Class has an annualized alpha of -1.38%, beta of 0.94, and R2 of 0.94 versus S&P 500 Index. Calculated based on daily prices since January 03, 2007.
- This fund participated in 99.44% of S&P 500 Index downside but only 90.54% of its upside - more exposed to losses than it benefited from rallies.
- With beta of 0.94 and R2 of 0.94, 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
- -1.38%
- Beta
- 0.94
- R²
- 0.94
- Upside Capture
- 90.54%
- Downside Capture
- 99.44%
Expense Ratio
PXWIX has an expense ratio of 0.51%, placing it in the medium range.
Return for Risk
Risk / Return Rank
PXWIX ranks 50 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 Institutional Class (PXWIX) 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.
| PXWIX | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.10 | ||
| Sortino ratioReturn per unit of downside risk | -0.08 | ||
| Omega ratioGain probability vs. loss probability | 1.34 | 1.37 | -0.03 |
| Calmar ratioReturn relative to maximum drawdown | 2.51 | 2.78 | -0.27 |
| Martin ratioReturn relative to average drawdown | 10.94 | 12.44 | -1.50 |
Dividends
Dividend History
Pax Ellevate Global Women’s Leadership Fund Institutional Class provided a 8.14% dividend yield over the last twelve months, with an annual payout of $3.12 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 | $3.12 | $3.48 | $3.15 | $0.54 | $0.89 | $0.51 | $0.38 | $0.88 | $1.14 | $0.68 | $0.42 | $0.53 |
Dividend yield | 8.14% | 9.98% | 9.64% | 1.69% | 3.24% | 1.44% | 1.25% | 3.24% | 5.15% | 2.71% | 2.04% | 2.68% |
Monthly Dividends
The table displays the monthly dividend distributions for Pax Ellevate Global Women’s Leadership 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 | $0.37 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $3.12 | $3.48 |
| 2024 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.66 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $2.49 | $3.15 |
| 2023 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.54 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.54 |
| 2022 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.28 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.61 | $0.89 |
| 2021 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.27 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.24 | $0.51 |
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 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 Ellevate Global Women’s Leadership Fund Institutional Class was 53.56%, occurring on Mar 9, 2009. Recovery took 1162 trading sessions.
The current Pax Ellevate Global Women’s Leadership Fund Institutional Class drawdown is 1.11%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
Financial crisis2007–2009 | -53.56%Mar 2009 | 1y 4mo | 4y 7mo | 5y 11moNov 2007 - Oct 2013 |
COVID crash2020 | -34.47%Mar 2020 | 1mo 2d | 5mo 8d | 6mo 10dFeb 2020 - Aug 2020 |
Bear market2022 | -29.52%Oct 2022 | 10mo 29d | 1y 9mo | 2y 7moNov 2021 - Jul 2024 |
2025 selloff2025 | -18.31%Apr 2025 | 3mo 16d | 2mo 19d | 6mo 5dDec 2024 - Jun 2025 |
Rate-hike selloffLate 2018 | -17.60%Dec 2018 | 3mo 1d | 3mo 19d | 6mo 20dSep 2018 - Apr 2019 |
Drawdown Indicators
| PXWIX | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -53.56% | -56.78% | +3.22% |
Max Drawdown (1Y)Largest decline over 1 year | -9.55% | -9.10% | -0.45% |
Max Drawdown (3Y)Largest decline over 3 years | -18.31% | -18.90% | +0.59% |
Max Drawdown (5Y)Largest decline over 5 years | -29.52% | -25.43% | -4.09% |
Max Drawdown (10Y)Largest decline over 10 years | -34.47% | -33.92% | -0.55% |
Current DrawdownCurrent decline from peak | -1.11% | -1.80% | +0.69% |
Average DrawdownAverage peak-to-trough decline | -9.79% | -10.71% | +0.92% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.19% | 2.03% | +0.16% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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