PAXBX vs. PXWIX

Last updated Aug 1, 2026

PAXBX (PAX CORE BOND FUND) and PXWIX (Pax Ellevate Global Women’s Leadership Fund Institutional Class) are both mutual funds - PAXBX is a Intermediate Core Bond fund managed by Pax World, while PXWIX is a ESG fund managed by Pax World. Over the past 5 years, PAXBX returned -0.98%/yr vs 7.64%/yr for PXWIX. Their 0.06 correlation means their historical movements had little consistent relationship. PAXBX charges 0.71%/yr vs 0.51%/yr for PXWIX.

Performance

PAXBX vs. PXWIX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in PAX CORE BOND FUND (PAXBX) and Pax Ellevate Global Women’s Leadership Fund Institutional Class (PXWIX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, PAXBX achieves a -0.82% return, which is significantly lower than PXWIX's 11.88% 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%

PXWIX

• 1D: 1.71%
• 1M: 2.43%
• 6M: 10.77%
• YTD: 11.88%
• 1Y: 23.10%
• 3Y*: 15.84%
• 5Y*: 7.64%
• 10Y*: 10.74%
• ALL TIME*: 6.95%

*Multi-year figures are annualized to reflect compound growth (CAGR)

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
PAXBX PAX CORE BOND FUND	$0.00	$0.00	$0.00
PXWIX Pax Ellevate Global Women’s Leadership Fund Institutional Class	$0.00	$0.00	$0.00

PAXBX vs. PXWIX - 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%
PXWIX Pax Ellevate Global Women’s Leadership Fund Institutional Class	11.88%	17.72%	12.41%	18.41%	-19.77%	17.58%	13.94%	26.80%	-7.55%	25.15%

Correlation

The correlation between PAXBX and PXWIX is 0.39, which is low. Their historical price movements had little consistent relationship.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.39
Correlation (3Y) Balances recent behavior with more history.	0.28
Correlation (5Y) Shows whether the relationship held over a longer period.	0.23
Correlation (All Time) Calculated using the full available price history since Dec 16, 2016	0.06

Over the past year, PAXBX and PXWIX have become more correlated (0.39) than their long-term average of 0.06, meaning their price movements have been converging.

Return for Risk

PAXBX vs. PXWIX — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

PAXBX

PAXBX Risk / Return Rank: 17
PAXBX Sharpe Ratio Rank: 18
PAXBX Sortino Ratio Rank: 17
PAXBX Omega Ratio Rank: 16
PAXBX Calmar Ratio Rank: 18
PAXBX Martin Ratio Rank: 15

PXWIX

PXWIX Risk / Return Rank: 68
PXWIX Sharpe Ratio Rank: 69
PXWIX Sortino Ratio Rank: 67
PXWIX Omega Ratio Rank: 65
PXWIX Calmar Ratio Rank: 64
PXWIX Martin Ratio Rank: 76

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

PAXBX vs. PXWIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for PAX CORE BOND FUND (PAXBX) and Pax Ellevate Global Women’s Leadership Fund Institutional Class (PXWIX). 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	PXWIX	Difference
Sharpe ratio: Return per unit of total volatility	0.71	1.63	-0.92
Sortino ratio: Return per unit of downside risk	1.05	2.30	-1.26
Omega ratio: Gain probability vs. loss probability	1.12	1.29	-0.17
Calmar ratio: Return relative to maximum drawdown	0.90	2.15	-1.25
Martin ratio: Return relative to average drawdown	2.25	9.32	-7.07

PAXBX vs. PXWIX - Sharpe Ratio Comparison

The current PAXBX Sharpe Ratio is 0.71, which is lower than the PXWIX Sharpe Ratio of 1.63. The chart below compares the historical Sharpe Ratios of PAXBX and PXWIX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

PAXBX vs. PXWIX - Drawdown Comparison

The maximum PAXBX drawdown since its inception was -18.88%, smaller than the maximum PXWIX drawdown of -53.56%. Use the drawdown chart below to compare losses from any high point for PAXBX and PXWIX.

Drawdown Indicators

	PAXBX	PXWIX	Difference
Max Drawdown Largest peak-to-trough decline	-18.88%	-53.56%	+34.68%
Max Drawdown (1Y) Largest decline over 1 year	-2.94%	-9.55%	+6.61%
Max Drawdown (3Y) Largest decline over 3 years	-5.18%	-18.31%	+13.13%
Max Drawdown (5Y) Largest decline over 5 years	-18.30%	-29.52%	+11.22%
Max Drawdown (10Y) Largest decline over 10 years	—	-34.47%	—
Current Drawdown Current decline from peak	-5.74%	0.00%	-5.74%
Average Drawdown Average peak-to-trough decline	-5.71%	-9.74%	+4.03%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.17%	2.21%	-1.04%

Volatility

PAXBX vs. PXWIX - Volatility Comparison

The current volatility for PAX CORE BOND FUND (PAXBX) is 1.02%, while Pax Ellevate Global Women’s Leadership Fund Institutional Class (PXWIX) has a volatility of 3.31%. This indicates that PAXBX experiences smaller price fluctuations and is considered to be less risky than PXWIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	PAXBX	PXWIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.02%	3.31%	-2.29%
Volatility (6M) Calculated over the trailing 6-month period	2.93%	10.26%	-7.33%
Volatility (1Y) Calculated over the trailing 1-year period	3.75%	12.60%	-8.85%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	5.75%	16.14%	-10.39%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	4.80%	16.88%	-12.08%

PAXBX vs. PXWIX - Expense Ratio Comparison

PAXBX has a 0.71% expense ratio, which is higher than PXWIX's 0.51% expense ratio.

Dividends

PAXBX vs. PXWIX - Dividend Comparison

PAXBX's dividend yield for the trailing twelve months is around 3.64%, less than PXWIX's 8.91% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
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%	0.00%
PXWIX Pax Ellevate Global Women’s Leadership Fund Institutional Class	8.91%	9.98%	9.64%	1.69%	3.24%	1.44%	1.25%	3.24%	5.15%	2.71%	2.04%	2.68%

Frequently Asked Questions

Can I hold both PAXBX and PXWIX in my portfolio?

PAXBX and PXWIX have a correlation of 0.39, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, PAXBX or PXWIX?

PXWIX has higher volatility (3.31%) compared to PAXBX (1.02%). In terms of maximum drawdown, PAXBX dropped -18.88% vs PXWIX's -53.56%.

Which has better risk-adjusted returns?

PXWIX currently has the higher Sharpe Ratio (1.63 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.