PAXHX vs. FITLX
PAXHX (Pax High Yield Bond Fund) and FITLX (Fidelity U.S. Sustainability Index Fund) are both mutual funds - PAXHX is a High Yield Bonds fund managed by Pax World, while FITLX is a Large Cap Blend Equities fund tracking the MSCI USA ESG Leaders Index. Over the past 5 years, PAXHX returned 2.64%/yr vs 12.79%/yr for FITLX. Their 0.47 correlation means their historical movements had little consistent relationship. PAXHX charges 0.93%/yr vs 0.11%/yr for FITLX.
Performance
PAXHX vs. FITLX - Performance Comparison
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Returns By Period
In the year-to-date period, PAXHX achieves a 1.22% return, which is significantly lower than FITLX's 10.11% return.
PAXHX
- 1D
- 0.00%
- 1M
- -0.82%
- 6M
- 0.71%
- YTD
- 1.22%
- 1Y
- 4.80%
- 3Y*
- 7.35%
- 5Y*
- 2.64%
- 10Y*
- 4.59%
- ALL TIME*
- 3.90%
FITLX
- 1D
- 1.36%
- 1M
- 0.30%
- 6M
- 8.26%
- YTD
- 10.11%
- 1Y
- 22.11%
- 3Y*
- 19.80%
- 5Y*
- 12.79%
- 10Y*
- —
- ALL TIME*
- 15.34%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $0.00 | $0.00 | $0.00 |
PAXHX vs. FITLX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
PAXHX Pax High Yield Bond Fund | 1.22% | 8.75% | 6.08% | 12.20% | -13.52% | 2.55% | 7.83% | 14.62% | -3.04% | 2.54% |
FITLX Fidelity U.S. Sustainability Index Fund | 10.11% | 18.77% | 23.59% | 29.04% | -20.28% | 31.55% | 18.69% | 31.54% | -3.32% | 13.07% |
Correlation
The correlation between PAXHX and FITLX is 0.61, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.61 |
Correlation (3Y) Balances recent behavior with more history. | 0.51 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.50 |
Correlation (All Time) Calculated using the full available price history since May 9, 2017 | 0.47 |
The correlation between PAXHX and FITLX shifts across timeframes, from 0.47 (all time) to 0.61 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
PAXHX vs. FITLX — Risk / Return Rank
PAXHX
FITLX
PAXHX vs. FITLX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Pax High Yield Bond Fund (PAXHX) and Fidelity U.S. Sustainability Index Fund (FITLX). 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.
| PAXHX | FITLX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.09 | ||
| Sortino ratioReturn per unit of downside risk | +0.22 | ||
| Omega ratioGain probability vs. loss probability | 1.29 | 1.27 | +0.03 |
| Calmar ratioReturn relative to maximum drawdown | 1.90 | 1.85 | +0.04 |
| Martin ratioReturn relative to average drawdown | 8.71 | 7.67 | +1.04 |
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Drawdowns
PAXHX vs. FITLX - Drawdown Comparison
The maximum PAXHX drawdown since its inception was -25.81%, smaller than the maximum FITLX drawdown of -34.35%. Use the drawdown chart below to compare losses from any high point for PAXHX and FITLX.
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Drawdown Indicators
| PAXHX | FITLX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -25.81% | -34.35% | +8.54% |
Max Drawdown (1Y)Largest decline over 1 year | -2.45% | -11.15% | +8.70% |
Max Drawdown (3Y)Largest decline over 3 years | -3.85% | -19.99% | +16.14% |
Max Drawdown (5Y)Largest decline over 5 years | -17.38% | -26.91% | +9.53% |
Max Drawdown (10Y)Largest decline over 10 years | -18.15% | — | — |
Current DrawdownCurrent decline from peak | -0.98% | -0.77% | -0.21% |
Average DrawdownAverage peak-to-trough decline | -4.66% | -5.01% | +0.35% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.53% | 2.69% | -2.16% |
Volatility
PAXHX vs. FITLX - Volatility Comparison
The current volatility for Pax High Yield Bond Fund (PAXHX) is 0.82%, while Fidelity U.S. Sustainability Index Fund (FITLX) has a volatility of 4.09%. This indicates that PAXHX experiences smaller price fluctuations and is considered to be less risky than FITLX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PAXHX | FITLX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.82% | 4.09% | -3.27% |
Volatility (6M)Calculated over the trailing 6-month period | 2.69% | 11.08% | -8.39% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.37% | 13.89% | -10.52% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.22% | 17.73% | -12.51% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.23% | 19.05% | -13.82% |
PAXHX vs. FITLX - Expense Ratio Comparison
PAXHX has a 0.93% expense ratio, which is higher than FITLX's 0.11% expense ratio.
Dividends
PAXHX vs. FITLX - Dividend Comparison
PAXHX's dividend yield for the trailing twelve months is around 5.56%, more than FITLX's 1.01% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FITLX Fidelity U.S. Sustainability Index Fund | 1.01% | 1.11% | 1.29% | 1.12% | 1.49% | 0.99% | 1.01% | 1.41% | 1.58% | 0.76% | 0.00% | 0.00% |
PAXHX Pax High Yield Bond Fund | 5.56% | 5.86% | 5.53% | 6.33% | 4.26% | 3.53% | 4.67% | 5.23% | 5.29% | 5.18% | 5.12% | 6.39% |
Frequently Asked Questions
PAXHX and FITLX have a correlation of 0.61, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FITLX has higher volatility (4.09%) compared to PAXHX (0.82%). In terms of maximum drawdown, PAXHX dropped -25.81% vs FITLX's -34.35%.
FITLX currently has the higher Sharpe Ratio (1.49 vs 1.40), 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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