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MGIFX vs. PAXDX
Performance
Return for Risk
Dividends
Drawdowns
Volatility

MGIFX vs. PAXDX

Last updated Apr 1, 2026

Compare and contrast key facts about Mondrian Global Listed Infrastructure Fund (MGIFX) and Pax Global Sustainable Infrastructure Fund (PAXDX).

MGIFX is managed by Mondrian. It was launched on Dec 16, 2018. PAXDX is managed by Pax World. It was launched on Dec 15, 2016.

Performance

MGIFX vs. PAXDX - Performance Comparison

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

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MGIFX vs. PAXDX - Yearly Performance Comparison

2026 (YTD)2025202420232022202120202019
MGIFX
Mondrian Global Listed Infrastructure Fund		7.88%28.20%-0.47%7.88%-3.61%11.74%-0.69%31.06%
PAXDX
Pax Global Sustainable Infrastructure Fund		5.11%18.37%-1.55%9.33%-13.45%14.24%14.25%25.88%

Returns By Period

In the year-to-date period, MGIFX achieves a 7.88% return, which is significantly higher than PAXDX's 5.11% return.

MGIFX

1D
0.54%
1M
-6.34%
YTD
7.88%
6M
11.52%
1Y
28.28%
3Y*
12.33%
5Y*
9.01%
10Y*
—

PAXDX

1D
0.00%
1M
0.00%
YTD
5.11%
6M
4.86%
1Y
15.85%
3Y*
8.60%
5Y*
4.21%
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

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Mondrian Global Listed Infrastructure Fund

Pax Global Sustainable Infrastructure Fund

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Often compared with PAXDX:
PAXDX vs. AWTAXPAXDX vs. NMFIXPAXDX vs. FNARXPAXDX vs. BACIXPAXDX vs. GGINXPAXDX vs. PGJZXPAXDX vs. ICPAX

MGIFX vs. PAXDX - Expense Ratio Comparison

MGIFX has a 0.95% expense ratio, which is higher than PAXDX's 0.83% expense ratio.

MGIFX
Mondrian Global Listed Infrastructure Fund
PAXDX
Pax Global Sustainable Infrastructure Fund

Return for Risk

MGIFX vs. PAXDX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
MGIFX
MGIFX Risk / Return Rank: 9494
Overall Rank
MGIFX Sharpe Ratio Rank: 9595
Sharpe Ratio Rank
MGIFX Sortino Ratio Rank: 9393
Sortino Ratio Rank
MGIFX Omega Ratio Rank: 9292
Omega Ratio Rank
MGIFX Calmar Ratio Rank: 9595
Calmar Ratio Rank
MGIFX Martin Ratio Rank: 9595
Martin Ratio Rank
PAXDX
PAXDX Risk / Return Rank: 8181
Overall Rank
PAXDX Sharpe Ratio Rank: 7878
Sharpe Ratio Rank
PAXDX Sortino Ratio Rank: 7979
Sortino Ratio Rank
PAXDX Omega Ratio Rank: 8080
Omega Ratio Rank
PAXDX Calmar Ratio Rank: 8080
Calmar Ratio Rank
PAXDX Martin Ratio Rank: 8888
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.

MGIFX vs. PAXDX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Mondrian Global Listed Infrastructure Fund (MGIFX) 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.

MGIFXPAXDXDifference

Sharpe ratio

Return per unit of total volatility

2.27

1.42

+0.85

Sortino ratio

Return per unit of downside risk

2.86

1.98

+0.88

Omega ratio

Gain probability vs. loss probability

1.44

1.31

+0.13

Calmar ratio

Return relative to maximum drawdown

3.34

1.95

+1.39

Martin ratio

Return relative to average drawdown

13.61

9.47

+4.15

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

MGIFX vs. PAXDX - Sharpe Ratio Comparison

The current MGIFX Sharpe Ratio is 2.27, which is higher than the PAXDX Sharpe Ratio of 1.42. The chart below compares the historical Sharpe Ratios of MGIFX 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

MGIFXPAXDXDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

2.27

1.42

+0.85

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.69

0.32

+0.37

Sharpe Ratio (All Time)

Calculated using the full available price history

0.67

0.52

+0.15

Correlation

The correlation between MGIFX and PAXDX is 0.77, 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

MGIFX vs. PAXDX - Dividend Comparison

MGIFX's dividend yield for the trailing twelve months is around 7.00%, more than PAXDX's 2.06% yield.

TTM2025202420232022202120202019201820172016
MGIFX
Mondrian Global Listed Infrastructure Fund		7.00%7.56%3.17%5.41%8.60%7.13%6.18%6.74%0.00%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

MGIFX vs. PAXDX - Drawdown Comparison

The maximum MGIFX drawdown since its inception was -36.75%, which is greater than PAXDX's maximum drawdown of -33.58%. Use the drawdown chart below to compare losses from any high point for MGIFX and PAXDX.

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Drawdown Indicators

MGIFXPAXDXDifference

Max Drawdown

Largest peak-to-trough decline

-36.75%

-33.58%

-3.17%

Max Drawdown (1Y)

Largest decline over 1 year

-8.61%

-8.05%

-0.56%

Max Drawdown (5Y)

Largest decline over 5 years

-23.41%

-25.04%

+1.63%

Current Drawdown

Current decline from peak

-6.34%

-0.74%

-5.60%

Average Drawdown

Average peak-to-trough decline

-5.25%

-5.34%

+0.09%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.11%

1.66%

+0.45%

Volatility

MGIFX vs. PAXDX - Volatility Comparison

Mondrian Global Listed Infrastructure Fund (MGIFX) has a higher volatility of 4.26% compared to Pax Global Sustainable Infrastructure Fund (PAXDX) at 0.00%. This indicates that MGIFX'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

MGIFXPAXDXDifference

Volatility (1M)

Calculated over the trailing 1-month period

4.26%

0.00%

+4.26%

Volatility (6M)

Calculated over the trailing 6-month period

7.59%

5.36%

+2.23%

Volatility (1Y)

Calculated over the trailing 1-year period

12.44%

11.81%

+0.63%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

13.10%

13.30%

-0.20%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

15.91%

16.65%

-0.74%