PAXDX vs. BGLYX

Last updated Jul 15, 2026

PAXDX (Pax Global Sustainable Infrastructure Fund) and BGLYX (Brookfield Global Listed Infrastructure Fund) are both Energy Equities funds. Over the past 5 years, PAXDX returned 3.53%/yr vs 7.72%/yr for BGLYX. A 0.72 correlation means they provide meaningful diversification when combined. PAXDX charges 0.83%/yr vs 1.00%/yr for BGLYX.

Performance

PAXDX vs. BGLYX - Performance Comparison

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

Returns By Period

In the year-to-date period, PAXDX achieves a 5.11% return, which is significantly lower than BGLYX's 12.51% return.

PAXDX

• 1D: 0.00%
• 1M: 0.00%
• 6M: 3.99%
• YTD: 5.11%
• 1Y: 5.68%
• 3Y*: 7.25%
• 5Y*: 3.53%
• 10Y*: —

BGLYX

• 1D: 0.23%
• 1M: 1.31%
• 6M: 12.31%
• YTD: 12.51%
• 1Y: 17.97%
• 3Y*: 11.58%
• 5Y*: 7.72%
• 10Y*: 6.36%

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

PAXDX vs. BGLYX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
PAXDX Pax Global Sustainable Infrastructure Fund	5.11%	18.37%	-1.55%	9.33%	-13.45%	14.24%	14.25%	25.88%	-4.25%	19.24%
BGLYX Brookfield Global Listed Infrastructure Fund	12.51%	13.04%	9.01%	3.32%	-5.47%	16.13%	-3.25%	25.44%	-8.06%	10.79%

Correlation

The correlation between PAXDX and BGLYX is 0.52, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.52
Correlation (3Y) Calculated over the trailing 3-year period	0.69
Correlation (5Y) Calculated over the trailing 5-year period	0.76
Correlation (All Time) Calculated using the full available price history since Dec 16, 2016	0.72

Over the past year, the correlation between PAXDX and BGLYX has dropped to 0.52 - well below their long-term average of 0.72, suggesting their price drivers have been diverging.

Return for Risk

PAXDX vs. BGLYX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

PAXDX

PAXDX Risk / Return Rank: 22
PAXDX Sharpe Ratio Rank: 18
PAXDX Sortino Ratio Rank: 16
PAXDX Omega Ratio Rank: 26
PAXDX Calmar Ratio Rank: 27
PAXDX Martin Ratio Rank: 25

BGLYX

BGLYX Risk / Return Rank: 63
BGLYX Sharpe Ratio Rank: 61
BGLYX Sortino Ratio Rank: 59
BGLYX Omega Ratio Rank: 57
BGLYX Calmar Ratio Rank: 81
BGLYX Martin Ratio Rank: 57

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.

PAXDX vs. BGLYX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Pax Global Sustainable Infrastructure Fund (PAXDX) and Brookfield Global Listed Infrastructure Fund (BGLYX). 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.

	PAXDX	BGLYX	Difference
Sharpe ratio: Return per unit of total volatility	0.87	1.71	-0.85
Sortino ratio: Return per unit of downside risk	1.21	2.39	-1.18
Omega ratio: Gain probability vs. loss probability	1.20	1.31	-0.11
Calmar ratio: Return relative to maximum drawdown	1.47	2.95	-1.48
Martin ratio: Return relative to average drawdown	4.36	8.84	-4.49

PAXDX vs. BGLYX - Sharpe Ratio Comparison

The current PAXDX Sharpe Ratio is 0.87, which is lower than the BGLYX Sharpe Ratio of 1.71. The chart below compares the historical Sharpe Ratios of PAXDX and BGLYX, 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

PAXDX vs. BGLYX - Drawdown Comparison

The maximum PAXDX drawdown since its inception was -33.58%, smaller than the maximum BGLYX drawdown of -36.54%. Use the drawdown chart below to compare losses from any high point for PAXDX and BGLYX.

Drawdown Indicators

	PAXDX	BGLYX	Difference
Max Drawdown Largest peak-to-trough decline	-33.58%	-36.54%	+2.96%
Max Drawdown (1Y) Largest decline over 1 year	-4.49%	-6.32%	+1.83%
Max Drawdown (3Y) Largest decline over 3 years	-14.56%	-14.56%	0.00%
Max Drawdown (5Y) Largest decline over 5 years	-25.04%	-20.94%	-4.10%
Max Drawdown (10Y) Largest decline over 10 years	—	-36.54%	—
Current Drawdown Current decline from peak	-0.74%	-1.06%	+0.32%
Average Drawdown Average peak-to-trough decline	-5.23%	-7.81%	+2.58%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.47%	2.10%	-0.63%

Volatility

PAXDX vs. BGLYX - Volatility Comparison

The current volatility for Pax Global Sustainable Infrastructure Fund (PAXDX) is 0.00%, while Brookfield Global Listed Infrastructure Fund (BGLYX) has a volatility of 3.67%. This indicates that PAXDX experiences smaller price fluctuations and is considered to be less risky than BGLYX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	PAXDX	BGLYX	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.00%	3.67%	-3.67%
Volatility (6M) Calculated over the trailing 6-month period	3.45%	8.97%	-5.52%
Volatility (1Y) Calculated over the trailing 1-year period	7.65%	10.91%	-3.26%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	13.14%	13.60%	-0.46%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.44%	15.56%	+0.88%

PAXDX vs. BGLYX - Expense Ratio Comparison

PAXDX has a 0.83% expense ratio, which is lower than BGLYX's 1.00% expense ratio.

Dividends

PAXDX vs. BGLYX - Dividend Comparison

PAXDX's dividend yield for the trailing twelve months is around 1.06%, less than BGLYX's 27.56% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
BGLYX Brookfield Global Listed Infrastructure Fund	27.56%	30.30%	1.89%	1.88%	7.34%	4.53%	3.71%	3.94%	4.31%	4.03%	4.09%	4.03%
PAXDX Pax Global Sustainable Infrastructure Fund	1.06%	2.17%	2.07%	2.43%	2.48%	58.94%	2.88%	4.69%	3.55%	2.13%	0.12%	0.00%

Frequently Asked Questions

Can I hold both PAXDX and BGLYX in my portfolio?

PAXDX and BGLYX have a correlation of 0.52, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, PAXDX or BGLYX?

BGLYX has higher volatility (3.67%) compared to PAXDX (0.00%). In terms of maximum drawdown, PAXDX dropped -33.58% vs BGLYX's -36.54%.

Which has better risk-adjusted returns?

BGLYX currently has the higher Sharpe Ratio (1.71 vs 0.87), 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.