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DHIVX vs. PAXDX
Performance
Return for Risk
Dividends
Drawdowns
Volatility

DHIVX vs. PAXDX

Last updated Apr 2, 2026

Compare and contrast key facts about Centre Global Infrastructure Fund (DHIVX) and Pax Global Sustainable Infrastructure Fund (PAXDX).

DHIVX is managed by Centre Funds. It was launched on Jan 28, 2018. PAXDX is managed by Pax World. It was launched on Dec 15, 2016.

Performance

DHIVX vs. PAXDX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Centre Global Infrastructure Fund (DHIVX) and Pax Global Sustainable Infrastructure Fund (PAXDX). The values are adjusted to include any dividend payments, if applicable.

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DHIVX vs. PAXDX - Yearly Performance Comparison

2026 (YTD)20252024202320222021202020192018
DHIVX
Centre Global Infrastructure Fund		11.31%16.30%20.25%5.34%-3.28%7.51%-7.17%25.27%-4.07%
PAXDX
Pax Global Sustainable Infrastructure Fund		5.11%18.37%-1.55%9.33%-13.45%14.24%14.25%25.88%-1.60%

Returns By Period

In the year-to-date period, DHIVX achieves a 11.31% return, which is significantly higher than PAXDX's 5.11% return.

DHIVX

1D
0.00%
1M
-2.86%
YTD
11.31%
6M
9.54%
1Y
18.45%
3Y*
17.13%
5Y*
9.90%
10Y*
—

PAXDX

1D
0.00%
1M
0.00%
YTD
5.11%
6M
4.66%
1Y
15.24%
3Y*
8.60%
5Y*
4.01%
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

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Centre Global Infrastructure Fund

Pax Global Sustainable Infrastructure Fund

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Often compared with PAXDX:
PAXDX vs. AWTAXPAXDX vs. NMFIXPAXDX vs. BACIXPAXDX vs. FNARXPAXDX vs. GGINXPAXDX vs. ICPAXPAXDX vs. PGJZX

DHIVX vs. PAXDX - Expense Ratio Comparison

DHIVX has a 1.57% expense ratio, which is higher than PAXDX's 0.83% expense ratio.

DHIVX
Centre Global Infrastructure Fund
PAXDX
Pax Global Sustainable Infrastructure Fund

Return for Risk

DHIVX vs. PAXDX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
DHIVX
DHIVX Risk / Return Rank: 8383
Overall Rank
DHIVX Sharpe Ratio Rank: 8383
Sharpe Ratio Rank
DHIVX Sortino Ratio Rank: 7979
Sortino Ratio Rank
DHIVX Omega Ratio Rank: 8080
Omega Ratio Rank
DHIVX Calmar Ratio Rank: 8888
Calmar Ratio Rank
DHIVX Martin Ratio Rank: 8787
Martin Ratio Rank
PAXDX
PAXDX Risk / Return Rank: 7676
Overall Rank
PAXDX Sharpe Ratio Rank: 7373
Sharpe Ratio Rank
PAXDX Sortino Ratio Rank: 7272
Sortino Ratio Rank
PAXDX Omega Ratio Rank: 7575
Omega Ratio Rank
PAXDX Calmar Ratio Rank: 7474
Calmar Ratio Rank
PAXDX Martin Ratio Rank: 8585
Martin Ratio Rank
The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

DHIVX vs. PAXDX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Centre Global Infrastructure Fund (DHIVX) and Pax Global Sustainable Infrastructure Fund (PAXDX). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

DHIVXPAXDXDifference

Sharpe ratio

Return per unit of total volatility

1.62

1.40

+0.22

Sortino ratio

Return per unit of downside risk

2.10

1.95

+0.15

Omega ratio

Gain probability vs. loss probability

1.33

1.31

+0.02

Calmar ratio

Return relative to maximum drawdown

2.47

1.97

+0.50

Martin ratio

Return relative to average drawdown

9.58

9.54

+0.04

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

DHIVX vs. PAXDX - Sharpe Ratio Comparison

The current DHIVX Sharpe Ratio is 1.62, which is comparable to the PAXDX Sharpe Ratio of 1.40. The chart below compares the historical Sharpe Ratios of DHIVX and PAXDX, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

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Sharpe Ratios by Period

DHIVXPAXDXDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

1.62

1.40

+0.22

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.81

0.30

+0.51

Sharpe Ratio (All Time)

Calculated using the full available price history

0.57

0.52

+0.05

Correlation

The correlation between DHIVX and PAXDX is 0.72, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.

Dividends

DHIVX vs. PAXDX - Dividend Comparison

DHIVX's dividend yield for the trailing twelve months is around 3.21%, more than PAXDX's 2.06% yield.

TTM2025202420232022202120202019201820172016
DHIVX
Centre Global Infrastructure Fund		3.21%3.66%2.54%1.60%1.85%1.70%2.43%2.31%2.45%0.00%0.00%
PAXDX
Pax Global Sustainable Infrastructure Fund		2.06%2.17%2.07%2.43%2.48%58.94%2.88%4.69%3.55%2.13%0.12%

Drawdowns

DHIVX vs. PAXDX - Drawdown Comparison

The maximum DHIVX drawdown since its inception was -36.18%, which is greater than PAXDX's maximum drawdown of -33.58%. Use the drawdown chart below to compare losses from any high point for DHIVX and PAXDX.

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Drawdown Indicators

DHIVXPAXDXDifference

Max Drawdown

Largest peak-to-trough decline

-36.18%

-33.58%

-2.60%

Max Drawdown (1Y)

Largest decline over 1 year

-7.73%

-8.05%

+0.32%

Max Drawdown (5Y)

Largest decline over 5 years

-20.41%

-25.04%

+4.63%

Current Drawdown

Current decline from peak

-3.31%

-0.74%

-2.57%

Average Drawdown

Average peak-to-trough decline

-5.65%

-5.34%

-0.31%

Ulcer Index

Depth and duration of drawdowns from previous peaks

1.99%

1.66%

+0.33%

Volatility

DHIVX vs. PAXDX - Volatility Comparison

Centre Global Infrastructure Fund (DHIVX) has a higher volatility of 2.70% compared to Pax Global Sustainable Infrastructure Fund (PAXDX) at 0.00%. This indicates that DHIVX's price experiences larger fluctuations and is considered to be riskier than PAXDX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

DHIVXPAXDXDifference

Volatility (1M)

Calculated over the trailing 1-month period

2.70%

0.00%

+2.70%

Volatility (6M)

Calculated over the trailing 6-month period

6.98%

5.36%

+1.62%

Volatility (1Y)

Calculated over the trailing 1-year period

11.76%

11.78%

-0.02%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

12.26%

13.30%

-1.04%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

14.73%

16.64%

-1.91%