PAXDX vs. PXWGX

Last updated Jun 5, 2026

PAXDX (Pax Global Sustainable Infrastructure Fund) and PXWGX (Pax U.S. Sustainable Economy Fund) are both mutual funds - PAXDX is a Energy Equities fund managed by Pax World, while PXWGX is a Large Cap Blend Equities fund managed by Pax World. Over the past 5 years, PAXDX returned 3.61%/yr vs 12.73%/yr for PXWGX. Their correlation of 0.83 suggests significant overlap in exposure. PAXDX charges 0.83%/yr vs 0.70%/yr for PXWGX.

Performance

PAXDX vs. PXWGX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Pax Global Sustainable Infrastructure Fund (PAXDX) and Pax U.S. Sustainable Economy Fund (PXWGX). 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 PXWGX's 12.62% return.

PAXDX

• 1D: 0.00%
• 1M: 0.00%
• YTD: 5.11%
• 6M: 5.57%
• 1Y: 7.21%
• 3Y*: 8.76%
• 5Y*: 3.61%
• 10Y*: —

PXWGX

• 1D: -0.62%
• 1M: 6.66%
• YTD: 12.62%
• 6M: 13.11%
• 1Y: 30.36%
• 3Y*: 20.61%
• 5Y*: 12.73%
• 10Y*: 13.90%

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

PAXDX vs. PXWGX - 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%
PXWGX Pax U.S. Sustainable Economy Fund	12.62%	15.75%	20.64%	24.46%	-18.33%	30.27%	13.35%	27.16%	-4.54%	21.89%

Correlation

The correlation between PAXDX and PXWGX is 0.42, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.42
Correlation (3Y) Calculated over the trailing 3-year period	0.62
Correlation (5Y) Calculated over the trailing 5-year period	0.73
Correlation (All Time) Calculated using the full available price history since Dec 19, 2016	0.83

Over the past year, the correlation between PAXDX and PXWGX has dropped to 0.42 - well below their long-term average of 0.83, suggesting their price drivers have been diverging.

Return for Risk

PAXDX vs. PXWGX — Risk / Return Rank

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

PAXDX

PAXDX Risk / Return Rank: 17
PAXDX Sharpe Ratio Rank: 13
PAXDX Sortino Ratio Rank: 12
PAXDX Omega Ratio Rank: 16
PAXDX Calmar Ratio Rank: 23
PAXDX Martin Ratio Rank: 20

PXWGX

PXWGX Risk / Return Rank: 71
PXWGX Sharpe Ratio Rank: 73
PXWGX Sortino Ratio Rank: 66
PXWGX Omega Ratio Rank: 62
PXWGX Calmar Ratio Rank: 75
PXWGX Martin Ratio Rank: 80

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. PXWGX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Pax Global Sustainable Infrastructure Fund (PAXDX) and Pax U.S. Sustainable Economy Fund (PXWGX). 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.

	PAXDX	PXWGX	Difference
Sharpe ratio: Return per unit of total volatility	0.98	2.47	-1.49
Sortino ratio: Return per unit of downside risk	1.37	3.36	-1.99
Omega ratio: Gain probability vs. loss probability	1.21	1.43	-0.22
Calmar ratio: Return relative to maximum drawdown	1.75	3.32	-1.57
Martin ratio: Return relative to average drawdown	5.21	14.61	-9.40
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

PAXDX vs. PXWGX - Sharpe Ratio Comparison

The current PAXDX Sharpe Ratio is 0.98, which is lower than the PXWGX Sharpe Ratio of 2.47. The chart below compares the historical Sharpe Ratios of PAXDX and PXWGX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	PAXDX	PXWGX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.98	2.47	-1.49
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.28	0.68	-0.40
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.75	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.52	0.40	+0.12

Drawdowns

PAXDX vs. PXWGX - Drawdown Comparison

The maximum PAXDX drawdown since its inception was -33.58%, smaller than the maximum PXWGX drawdown of -57.59%. Use the drawdown chart below to compare losses from any high point for PAXDX and PXWGX.

Drawdown Indicators

	PAXDX	PXWGX	Difference
Max Drawdown Largest peak-to-trough decline	-33.58%	-57.59%	+24.01%
Max Drawdown (1Y) Largest decline over 1 year	-4.49%	-9.25%	+4.76%
Max Drawdown (3Y) Largest decline over 3 years	-14.56%	-26.98%	+12.42%
Max Drawdown (5Y) Largest decline over 5 years	-25.04%	-26.98%	+1.94%
Max Drawdown (10Y) Largest decline over 10 years	—	-33.81%	—
Current Drawdown Current decline from peak	-0.74%	-0.62%	-0.12%
Average Drawdown Average peak-to-trough decline	-5.27%	-14.55%	+9.28%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.47%	2.10%	-0.63%

Volatility

PAXDX vs. PXWGX - Volatility Comparison

The current volatility for Pax Global Sustainable Infrastructure Fund (PAXDX) is 0.00%, while Pax U.S. Sustainable Economy Fund (PXWGX) has a volatility of 3.50%. This indicates that PAXDX experiences smaller price fluctuations and is considered to be less risky than PXWGX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	PAXDX	PXWGX	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.00%	3.50%	-3.50%
Volatility (6M) Calculated over the trailing 6-month period	4.61%	9.55%	-4.94%
Volatility (1Y) Calculated over the trailing 1-year period	8.08%	12.47%	-4.39%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	13.19%	18.83%	-5.64%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.52%	18.57%	-2.05%

PAXDX vs. PXWGX - Expense Ratio Comparison

PAXDX has a 0.83% expense ratio, which is higher than PXWGX's 0.70% expense ratio.

Dividends

PAXDX vs. PXWGX - Dividend Comparison

PAXDX's dividend yield for the trailing twelve months is around 2.06%, less than PXWGX's 4.78% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
PAXDX Pax Global Sustainable Infrastructure Fund	2.06%	2.17%	2.07%	2.43%	2.48%	58.94%	2.88%	4.69%	3.55%	2.13%	0.12%	0.00%
PXWGX Pax U.S. Sustainable Economy Fund	4.78%	5.39%	16.28%	5.95%	7.66%	21.85%	1.92%	3.36%	7.95%	4.53%	10.42%	6.37%

Frequently Asked Questions

Can I hold both PAXDX and PXWGX in my portfolio?

PAXDX and PXWGX have a correlation of 0.42, 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 PXWGX?

PXWGX has higher volatility (3.50%) compared to PAXDX (0.00%). In terms of maximum drawdown, PAXDX dropped -33.58% vs PXWGX's -57.59%.

Which has better risk-adjusted returns?

PXWGX currently has the higher Sharpe Ratio (2.47 vs 0.98), 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.