PAXGX vs. BTC-USD

Last updated Apr 3, 2026

Compare and contrast key facts about Pax Global Opportunities Fund (PAXGX) and Bitcoin (BTC-USD).

PAXGX is managed by Pax World. It was launched on Jun 26, 2018.

Performance

PAXGX vs. BTC-USD - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Pax Global Opportunities Fund (PAXGX) and Bitcoin (BTC-USD). The values are adjusted to include any dividend payments, if applicable.

PAXGX vs. BTC-USD - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018
PAXGX Pax Global Opportunities Fund	-6.07%	9.48%	6.16%	15.16%	-18.86%	18.71%	22.76%	33.52%	-8.20%
BTC-USD Bitcoin	-23.70%	-6.27%	120.76%	155.82%	-64.23%	59.40%	304.57%	94.10%	-39.80%

Returns By Period

In the year-to-date period, PAXGX achieves a -6.07% return, which is significantly higher than BTC-USD's -23.70% return.

PAXGX

• 1D: 0.71%
• 1M: -4.23%
• YTD: -6.07%
• 6M: -7.09%
• 1Y: 4.37%
• 3Y*: 5.13%
• 5Y*: 3.40%
• 10Y*: —

BTC-USD

• 1D: -1.99%
• 1M: -2.31%
• YTD: -23.70%
• 6M: -44.66%
• 1Y: -19.07%
• 3Y*: 33.89%
• 5Y*: 3.18%
• 10Y*: 66.03%

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

Return for Risk

PAXGX vs. BTC-USD — Risk / Return Rank

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

PAXGX

PAXGX Risk / Return Rank: 9
PAXGX Sharpe Ratio Rank: 8
PAXGX Sortino Ratio Rank: 8
PAXGX Omega Ratio Rank: 8
PAXGX Calmar Ratio Rank: 9
PAXGX Martin Ratio Rank: 10

BTC-USD

BTC-USD Risk / Return Rank: 39
BTC-USD Sharpe Ratio Rank: 66
BTC-USD Sortino Ratio Rank: 60
BTC-USD Omega Ratio Rank: 59
BTC-USD Calmar Ratio Rank: 12
BTC-USD Martin Ratio Rank: 0

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.

PAXGX vs. BTC-USD - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Pax Global Opportunities Fund (PAXGX) and Bitcoin (BTC-USD). 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.

	PAXGX	BTC-USD	Difference
Sharpe ratio Return per unit of total volatility	0.29	-0.43	+0.73
Sortino ratio Return per unit of downside risk	0.55	-0.36	+0.91
Omega ratio Gain probability vs. loss probability	1.07	0.96	+0.11
Calmar ratio Return relative to maximum drawdown	0.41	-1.14	+1.55
Martin ratio Return relative to average drawdown	1.42	-2.03	+3.45
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

PAXGX vs. BTC-USD - Sharpe Ratio Comparison

The current PAXGX Sharpe Ratio is 0.29, which is higher than the BTC-USD Sharpe Ratio of -0.43. The chart below compares the historical Sharpe Ratios of PAXGX and BTC-USD, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	PAXGX	BTC-USD	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.29	-0.43	+0.73
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.20	0.06	+0.15
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.97	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.44	1.18	-0.74

Correlation

The correlation between PAXGX and BTC-USD is 0.22, 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.

Drawdowns

PAXGX vs. BTC-USD - Drawdown Comparison

The maximum PAXGX drawdown since its inception was -30.63%, smaller than the maximum BTC-USD drawdown of -85.30%. Use the drawdown chart below to compare losses from any high point for PAXGX and BTC-USD.

Drawdown Indicators

	PAXGX	BTC-USD	Difference
Max Drawdown Largest peak-to-trough decline	-30.63%	-85.30%	+54.67%
Max Drawdown (1Y) Largest decline over 1 year	-12.28%	-49.65%	+37.37%
Max Drawdown (5Y) Largest decline over 5 years	-30.37%	-76.67%	+46.30%
Max Drawdown (10Y) Largest decline over 10 years	—	-83.80%	—
Current Drawdown Current decline from peak	-9.02%	-46.47%	+37.45%
Average Drawdown Average peak-to-trough decline	-6.64%	-42.00%	+35.36%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.58%	27.75%	-24.17%

Volatility

PAXGX vs. BTC-USD - Volatility Comparison

The current volatility for Pax Global Opportunities Fund (PAXGX) is 6.27%, while Bitcoin (BTC-USD) has a volatility of 13.70%. This indicates that PAXGX experiences smaller price fluctuations and is considered to be less risky than BTC-USD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	PAXGX	BTC-USD	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.27%	13.70%	-7.43%
Volatility (6M) Calculated over the trailing 6-month period	10.29%	35.96%	-25.67%
Volatility (1Y) Calculated over the trailing 1-year period	17.45%	36.69%	-19.24%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.70%	46.91%	-30.21%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.49%	56.71%	-38.22%