PAXBX vs. QDIBX
PAXBX (PAX CORE BOND FUND) and QDIBX (Fisher Investments Institutional Group Fixed Income Fund for Retirement Plans) are both Intermediate Core Bond funds. Over the past 5 years, PAXBX returned -0.98%/yr vs -0.32%/yr for QDIBX. Their correlation of 0.90 means they have usually moved in the same direction. PAXBX charges 0.71%/yr vs 0.03%/yr for QDIBX.
Performance
PAXBX vs. QDIBX - 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 QDIBX's -0.45% 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%
QDIBX
- 1D
- -0.11%
- 1M
- -0.56%
- 6M
- -0.45%
- YTD
- -0.45%
- 1Y
- 2.00%
- 3Y*
- 4.24%
- 5Y*
- -0.32%
- 10Y*
- —
- ALL TIME*
- 0.94%
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 |
| $0.00 | $0.00 | $0.00 |
PAXBX vs. QDIBX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
PAXBX PAX CORE BOND FUND | -0.82% | 6.45% | 1.04% | 4.60% | -13.60% | -1.85% | 6.92% | 0.30% |
QDIBX Fisher Investments Institutional Group Fixed Income Fund for Retirement Plans | -0.45% | 7.72% | 1.66% | 6.71% | -14.11% | -0.17% | 6.77% | -0.10% |
Correlation
The correlation between PAXBX and QDIBX is 0.88, 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. | 0.88 |
Correlation (3Y) Balances recent behavior with more history. | 0.92 |
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 13, 2019 | 0.90 |
The correlation between PAXBX and QDIBX has been stable across timeframes, ranging from 0.88 to 0.94 - a consistent structural relationship.
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Return for Risk
PAXBX vs. QDIBX — Risk / Return Rank
PAXBX
QDIBX
PAXBX vs. QDIBX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for PAX CORE BOND FUND (PAXBX) and Fisher Investments Institutional Group Fixed Income Fund for Retirement Plans (QDIBX). 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 | QDIBX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.12 | ||
| Sortino ratioReturn per unit of downside risk | -0.20 | ||
| Omega ratioGain probability vs. loss probability | 1.12 | 1.15 | -0.02 |
| Calmar ratioReturn relative to maximum drawdown | 0.90 | 1.02 | -0.12 |
| Martin ratioReturn relative to average drawdown | 2.25 | 2.49 | -0.24 |
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Drawdowns
PAXBX vs. QDIBX - Drawdown Comparison
The maximum PAXBX drawdown since its inception was -18.88%, roughly equal to the maximum QDIBX drawdown of -19.63%. Use the drawdown chart below to compare losses from any high point for PAXBX and QDIBX.
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Drawdown Indicators
| PAXBX | QDIBX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -18.88% | -19.63% | +0.75% |
Max Drawdown (1Y)Largest decline over 1 year | -2.94% | -2.97% | +0.03% |
Max Drawdown (3Y)Largest decline over 3 years | -5.18% | -5.37% | +0.19% |
Max Drawdown (5Y)Largest decline over 5 years | -18.30% | -19.63% | +1.33% |
Current DrawdownCurrent decline from peak | -5.74% | -2.20% | -3.54% |
Average DrawdownAverage peak-to-trough decline | -5.71% | -6.28% | +0.57% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.17% | 1.22% | -0.05% |
Volatility
PAXBX vs. QDIBX - Volatility Comparison
PAX CORE BOND FUND (PAXBX) has a higher volatility of 1.02% compared to Fisher Investments Institutional Group Fixed Income Fund for Retirement Plans (QDIBX) at 0.82%. This indicates that PAXBX's price experiences larger fluctuations and is considered to be riskier than QDIBX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PAXBX | QDIBX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.02% | 0.82% | +0.20% |
Volatility (6M)Calculated over the trailing 6-month period | 2.93% | 2.75% | +0.18% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.75% | 3.67% | +0.08% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.75% | 6.59% | -0.84% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.80% | 6.21% | -1.41% |
PAXBX vs. QDIBX - Expense Ratio Comparison
PAXBX has a 0.71% expense ratio, which is higher than QDIBX's 0.03% expense ratio.
Dividends
PAXBX vs. QDIBX - Dividend Comparison
PAXBX's dividend yield for the trailing twelve months is around 3.64%, more than QDIBX's 3.51% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
QDIBX Fisher Investments Institutional Group Fixed Income Fund for Retirement Plans | 3.51% | 3.50% | 3.55% | 3.65% | 2.51% | 1.80% | 3.25% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
PAXBX and QDIBX have a correlation of 0.88, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
PAXBX has higher volatility (1.02%) compared to QDIBX (0.82%). In terms of maximum drawdown, PAXBX dropped -18.88% vs QDIBX's -19.63%.
QDIBX currently has the higher Sharpe Ratio (0.83 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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