PAXBX vs. KCCIX
PAXBX (PAX CORE BOND FUND) and KCCIX (Knights of Columbus Core Bond Fund) are both Intermediate Core Bond funds. Over the past 5 years, PAXBX returned -0.98%/yr vs -0.69%/yr for KCCIX. Their correlation of 0.93 means they have usually moved in the same direction. Both charge a 0.71% expense ratio.
Performance
PAXBX vs. KCCIX - Performance Comparison
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Returns By Period
In the year-to-date period, PAXBX achieves a -0.82% return, which is significantly lower than KCCIX's -0.05% return.
PAXBX
- 1D
- 0.00%
- 1M
- -1.25%
- 6M
- -1.01%
- YTD
- -0.82%
- 1Y
- 1.51%
- 3Y*
- 3.11%
- 5Y*
- -0.98%
- 10Y*
- —
- ALL TIME*
- 1.26%
KCCIX
- 1D
- 0.00%
- 1M
- -0.92%
- 6M
- -0.39%
- YTD
- -0.05%
- 1Y
- 2.34%
- 3Y*
- 3.82%
- 5Y*
- -0.69%
- 10Y*
- 1.47%
- ALL TIME*
- 1.90%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
PAXBX PAX CORE BOND FUND | $0.00 | $0.00 | $0.00 |
PAXBX vs. KCCIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
PAXBX PAX CORE BOND FUND | -0.82% | 6.45% | 1.04% | 4.60% | -13.60% | -1.85% | 6.92% | 8.01% | -0.24% | 2.57% |
KCCIX Knights of Columbus Core Bond Fund | -0.05% | 6.94% | 1.50% | 4.99% | -14.30% | -0.58% | 7.21% | 9.78% | -0.72% | 4.55% |
Correlation
The correlation between PAXBX and KCCIX is 0.90, meaning they have usually moved in the same direction, including during past declines.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.90 |
Correlation (3Y) Balances recent behavior with more history. | 0.93 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.94 |
Correlation (All Time) Calculated using the full available price history since Dec 16, 2016 | 0.93 |
The correlation between PAXBX and KCCIX has been stable across timeframes, ranging from 0.90 to 0.94 - a consistent structural relationship.
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Return for Risk
PAXBX vs. KCCIX — Risk / Return Rank
PAXBX
KCCIX
PAXBX vs. KCCIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for PAX CORE BOND FUND (PAXBX) and Knights of Columbus Core Bond Fund (KCCIX). 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.
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.
| PAXBX | KCCIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.13 | ||
| Sortino ratioReturn per unit of downside risk | -0.19 | ||
| Omega ratioGain probability vs. loss probability | 1.12 | 1.15 | -0.03 |
| Calmar ratioReturn relative to maximum drawdown | 0.90 | 1.18 | -0.28 |
| Martin ratioReturn relative to average drawdown | 2.25 | 3.04 | -0.79 |
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Drawdowns
PAXBX vs. KCCIX - Drawdown Comparison
The maximum PAXBX drawdown since its inception was -18.88%, roughly equal to the maximum KCCIX drawdown of -18.52%. Use the drawdown chart below to compare losses from any high point for PAXBX and KCCIX.
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Drawdown Indicators
| PAXBX | KCCIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -18.88% | -18.52% | -0.36% |
Max Drawdown (1Y)Largest decline over 1 year | -2.94% | -2.59% | -0.35% |
Max Drawdown (3Y)Largest decline over 3 years | -5.18% | -4.75% | -0.43% |
Max Drawdown (5Y)Largest decline over 5 years | -18.30% | -18.52% | +0.22% |
Max Drawdown (10Y)Largest decline over 10 years | — | -18.52% | — |
Current DrawdownCurrent decline from peak | -5.74% | -3.59% | -2.15% |
Average DrawdownAverage peak-to-trough decline | -5.71% | -4.77% | -0.94% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.17% | 1.00% | +0.17% |
Volatility
PAXBX vs. KCCIX - Volatility Comparison
PAX CORE BOND FUND (PAXBX) and Knights of Columbus Core Bond Fund (KCCIX) have volatilities of 1.02% and 0.98%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PAXBX | KCCIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.02% | 0.98% | +0.04% |
Volatility (6M)Calculated over the trailing 6-month period | 2.93% | 2.86% | +0.07% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.75% | 3.64% | +0.11% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.75% | 5.56% | +0.19% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.80% | 4.70% | +0.10% |
PAXBX vs. KCCIX - Expense Ratio Comparison
Both PAXBX and KCCIX have an expense ratio of 0.71%.
Dividends
PAXBX vs. KCCIX - Dividend Comparison
PAXBX's dividend yield for the trailing twelve months is around 3.64%, less than KCCIX's 4.11% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
KCCIX Knights of Columbus Core Bond Fund | 4.11% | 3.95% | 3.73% | 3.23% | 2.80% | 2.19% | 3.19% | 2.97% | 2.96% | 2.63% | 2.41% |
PAXBX PAX CORE BOND FUND | 3.64% | 3.72% | 3.22% | 2.18% | 1.69% | 1.51% | 4.14% | 2.59% | 2.37% | 2.24% | 0.07% |
Frequently Asked Questions
With a correlation of 0.90, PAXBX and KCCIX move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
PAXBX has higher volatility (1.02%) compared to KCCIX (0.98%). In terms of maximum drawdown, PAXBX dropped -18.88% vs KCCIX's -18.52%.
KCCIX currently has the higher Sharpe Ratio (0.84 vs 0.71), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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