Correlation
The correlation between PAXHX and EMNT is 0.02, 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.
PAXHX vs. EMNT
Compare and contrast key facts about Pax High Yield Bond Fund (PAXHX) and PIMCO Enhanced Short Maturity Active ESG Exchange-Traded Fund (EMNT).
PAXHX is managed by Pax World. It was launched on Oct 8, 1999. EMNT is an actively managed fund by PIMCO. It was launched on Dec 10, 2019.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: PAXHX or EMNT.
Performance
PAXHX vs. EMNT - Performance Comparison
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Key characteristics
PAXHX:
2.40
EMNT:
9.23
PAXHX:
3.38
EMNT:
20.44
PAXHX:
1.52
EMNT:
5.11
PAXHX:
2.74
EMNT:
32.88
PAXHX:
11.49
EMNT:
243.26
PAXHX:
0.75%
EMNT:
0.02%
PAXHX:
3.67%
EMNT:
0.57%
PAXHX:
-25.66%
EMNT:
-2.28%
PAXHX:
0.00%
EMNT:
0.00%
Returns By Period
In the year-to-date period, PAXHX achieves a 2.49% return, which is significantly higher than EMNT's 1.96% return.
PAXHX
2.49%
1.00%
2.25%
8.76%
5.16%
3.89%
3.82%
EMNT
1.96%
0.37%
2.30%
5.23%
4.69%
2.87%
N/A
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PAXHX vs. EMNT - Expense Ratio Comparison
PAXHX has a 0.93% expense ratio, which is higher than EMNT's 0.27% expense ratio.
Risk-Adjusted Performance
PAXHX vs. EMNT — Risk-Adjusted Performance Rank
PAXHX
EMNT
PAXHX vs. EMNT - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Pax High Yield Bond Fund (PAXHX) and PIMCO Enhanced Short Maturity Active ESG Exchange-Traded Fund (EMNT). 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.
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Dividends
PAXHX vs. EMNT - Dividend Comparison
PAXHX's dividend yield for the trailing twelve months is around 5.68%, more than EMNT's 5.05% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PAXHX Pax High Yield Bond Fund | 5.68% | 5.55% | 5.90% | 5.06% | 4.24% | 4.72% | 4.82% | 5.30% | 5.18% | 5.60% | 6.40% | 6.40% |
EMNT PIMCO Enhanced Short Maturity Active ESG Exchange-Traded Fund | 5.05% | 5.14% | 4.62% | 2.79% | 0.73% | 1.44% | 0.13% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
PAXHX vs. EMNT - Drawdown Comparison
The maximum PAXHX drawdown since its inception was -25.66%, which is greater than EMNT's maximum drawdown of -2.28%. Use the drawdown chart below to compare losses from any high point for PAXHX and EMNT.
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Volatility
PAXHX vs. EMNT - Volatility Comparison
Pax High Yield Bond Fund (PAXHX) has a higher volatility of 0.90% compared to PIMCO Enhanced Short Maturity Active ESG Exchange-Traded Fund (EMNT) at 0.12%. This indicates that PAXHX's price experiences larger fluctuations and is considered to be riskier than EMNT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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