PAXHX vs. FITLX
Compare and contrast key facts about Pax High Yield Bond Fund (PAXHX) and Fidelity US Sustainability Index Fund (FITLX).
PAXHX is managed by Pax World. It was launched on Oct 8, 1999. FITLX is managed by Fidelity. It was launched on May 9, 2017.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: PAXHX or FITLX.
Correlation
The correlation between PAXHX and FITLX is 0.46, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
PAXHX vs. FITLX - Performance Comparison
Key characteristics
PAXHX:
2.54
FITLX:
1.43
PAXHX:
4.07
FITLX:
1.98
PAXHX:
1.57
FITLX:
1.26
PAXHX:
2.02
FITLX:
2.16
PAXHX:
13.20
FITLX:
8.06
PAXHX:
0.63%
FITLX:
2.55%
PAXHX:
3.26%
FITLX:
14.36%
PAXHX:
-25.78%
FITLX:
-34.35%
PAXHX:
-0.16%
FITLX:
-2.32%
Returns By Period
In the year-to-date period, PAXHX achieves a 1.18% return, which is significantly lower than FITLX's 2.27% return.
PAXHX
1.18%
0.84%
3.30%
8.10%
2.93%
3.88%
FITLX
2.27%
0.00%
6.76%
19.43%
13.79%
N/A
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PAXHX vs. FITLX - Expense Ratio Comparison
PAXHX has a 0.93% expense ratio, which is higher than FITLX's 0.11% expense ratio.
Risk-Adjusted Performance
PAXHX vs. FITLX — Risk-Adjusted Performance Rank
PAXHX
FITLX
PAXHX vs. FITLX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Pax High Yield Bond Fund (PAXHX) and Fidelity US 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.
Dividends
PAXHX vs. FITLX - Dividend Comparison
PAXHX's dividend yield for the trailing twelve months is around 5.56%, more than FITLX's 1.26% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PAXHX Pax High Yield Bond Fund | 5.56% | 5.55% | 5.90% | 5.06% | 4.24% | 4.72% | 4.82% | 5.30% | 5.18% | 5.60% | 6.40% | 6.29% |
FITLX Fidelity US Sustainability Index Fund | 1.26% | 1.29% | 1.12% | 1.49% | 0.81% | 1.01% | 1.27% | 1.37% | 0.71% | 0.00% | 0.00% | 0.00% |
Drawdowns
PAXHX vs. FITLX - Drawdown Comparison
The maximum PAXHX drawdown since its inception was -25.78%, 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. For additional features, visit the drawdowns tool.
Volatility
PAXHX vs. FITLX - Volatility Comparison
The current volatility for Pax High Yield Bond Fund (PAXHX) is 0.81%, while Fidelity US Sustainability Index Fund (FITLX) has a volatility of 4.06%. 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.