PAXBX vs. PGINX
Compare and contrast key facts about PAX CORE BOND FUND (PAXBX) and Impax Global Environmental Markets Fund Institutional Class (PGINX).
PAXBX is managed by Pax World. It was launched on Dec 16, 2016. PGINX is managed by Pax World. It was launched on Mar 27, 2008.
Performance
PAXBX vs. PGINX - Performance Comparison
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PAXBX vs. PGINX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
PAXBX PAX CORE BOND FUND | -0.41% | 6.45% | 1.04% | 4.60% | -13.60% | -1.85% | 6.92% | 8.01% | -0.24% | 2.57% |
PGINX Impax Global Environmental Markets Fund Institutional Class | -0.76% | 14.14% | 5.15% | 16.85% | -22.39% | 22.25% | 26.00% | 28.18% | -14.20% | 26.80% |
Returns By Period
In the year-to-date period, PAXBX achieves a -0.41% return, which is significantly higher than PGINX's -0.76% return.
PAXBX
- 1D
- 0.23%
- 1M
- -1.67%
- YTD
- -0.41%
- 6M
- 0.29%
- 1Y
- 3.28%
- 3Y*
- 2.84%
- 5Y*
- -0.42%
- 10Y*
- —
PGINX
- 1D
- 3.63%
- 1M
- -6.55%
- YTD
- -0.76%
- 6M
- -2.65%
- 1Y
- 14.79%
- 3Y*
- 8.49%
- 5Y*
- 4.39%
- 10Y*
- 9.70%
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PAXBX vs. PGINX - Expense Ratio Comparison
PAXBX has a 0.71% expense ratio, which is lower than PGINX's 0.90% expense ratio.
Return for Risk
PAXBX vs. PGINX — Risk / Return Rank
PAXBX
PGINX
PAXBX vs. PGINX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for PAX CORE BOND FUND (PAXBX) and Impax Global Environmental Markets Fund Institutional Class (PGINX). 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.
| PAXBX | PGINX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.81 | 0.81 | 0.00 |
Sortino ratioReturn per unit of downside risk | 1.17 | 1.28 | -0.11 |
Omega ratioGain probability vs. loss probability | 1.14 | 1.17 | -0.03 |
Calmar ratioReturn relative to maximum drawdown | 1.47 | 1.29 | +0.18 |
Martin ratioReturn relative to average drawdown | 4.27 | 4.52 | -0.25 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| PAXBX | PGINX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.81 | 0.81 | 0.00 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.07 | 0.24 | -0.32 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.54 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.28 | 0.35 | -0.07 |
Correlation
The correlation between PAXBX and PGINX is 0.06, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Dividends
PAXBX vs. PGINX - Dividend Comparison
PAXBX's dividend yield for the trailing twelve months is around 3.48%, less than PGINX's 23.89% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PAXBX PAX CORE BOND FUND | 3.48% | 3.72% | 3.22% | 2.18% | 1.69% | 1.51% | 4.14% | 2.59% | 2.37% | 2.24% | 0.07% | 0.00% |
PGINX Impax Global Environmental Markets Fund Institutional Class | 23.89% | 23.71% | 4.79% | 0.74% | 0.65% | 2.10% | 0.60% | 0.86% | 4.26% | 3.44% | 0.75% | 1.13% |
Drawdowns
PAXBX vs. PGINX - Drawdown Comparison
The maximum PAXBX drawdown since its inception was -18.88%, smaller than the maximum PGINX drawdown of -52.48%. Use the drawdown chart below to compare losses from any high point for PAXBX and PGINX.
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Drawdown Indicators
| PAXBX | PGINX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -18.88% | -52.48% | +33.60% |
Max Drawdown (1Y)Largest decline over 1 year | -2.77% | -11.74% | +8.97% |
Max Drawdown (5Y)Largest decline over 5 years | -18.30% | -33.54% | +15.24% |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.54% | — |
Current DrawdownCurrent decline from peak | -5.35% | -8.28% | +2.93% |
Average DrawdownAverage peak-to-trough decline | -5.73% | -9.64% | +3.91% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.95% | 3.35% | -2.40% |
Volatility
PAXBX vs. PGINX - Volatility Comparison
The current volatility for PAX CORE BOND FUND (PAXBX) is 1.54%, while Impax Global Environmental Markets Fund Institutional Class (PGINX) has a volatility of 7.24%. This indicates that PAXBX experiences smaller price fluctuations and is considered to be less risky than PGINX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PAXBX | PGINX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.54% | 7.24% | -5.70% |
Volatility (6M)Calculated over the trailing 6-month period | 2.49% | 11.41% | -8.92% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.38% | 18.84% | -14.46% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.71% | 18.10% | -12.39% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.83% | 18.06% | -13.23% |