PAXHX vs. THHYX
Compare and contrast key facts about Pax High Yield Bond Fund (PAXHX) and Toews Tactical Income Fund (THHYX).
PAXHX is managed by Pax World. It was launched on Oct 8, 1999. THHYX is managed by Toews Funds. It was launched on Jun 4, 2010.
Performance
PAXHX vs. THHYX - Performance Comparison
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PAXHX vs. THHYX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
PAXHX Pax High Yield Bond Fund | -1.14% | 8.75% | 6.08% | 12.20% | -13.52% | 2.55% | 7.83% | 14.62% | -3.04% | 6.39% |
THHYX Toews Tactical Income Fund | -0.03% | 3.44% | 5.48% | 4.51% | -5.33% | 0.28% | 5.21% | 7.37% | -0.80% | 2.57% |
Returns By Period
In the year-to-date period, PAXHX achieves a -1.14% return, which is significantly lower than THHYX's -0.03% return. Over the past 10 years, PAXHX has outperformed THHYX with an annualized return of 5.06%, while THHYX has yielded a comparatively lower 3.04% annualized return.
PAXHX
- 1D
- 0.66%
- 1M
- -1.62%
- YTD
- -1.14%
- 6M
- 0.38%
- 1Y
- 6.29%
- 3Y*
- 7.11%
- 5Y*
- 2.63%
- 10Y*
- 5.06%
THHYX
- 1D
- -0.10%
- 1M
- -0.56%
- YTD
- -0.03%
- 6M
- -0.33%
- 1Y
- 4.81%
- 3Y*
- 4.35%
- 5Y*
- 1.60%
- 10Y*
- 3.04%
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PAXHX vs. THHYX - Expense Ratio Comparison
PAXHX has a 0.93% expense ratio, which is lower than THHYX's 1.46% expense ratio.
Return for Risk
PAXHX vs. THHYX — Risk / Return Rank
PAXHX
THHYX
PAXHX vs. THHYX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Pax High Yield Bond Fund (PAXHX) and Toews Tactical Income Fund (THHYX). 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.
| PAXHX | THHYX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.85 | 1.80 | +0.05 |
Sortino ratioReturn per unit of downside risk | 2.71 | 2.78 | -0.07 |
Omega ratioGain probability vs. loss probability | 1.41 | 1.39 | +0.02 |
Calmar ratioReturn relative to maximum drawdown | 2.64 | 4.39 | -1.75 |
Martin ratioReturn relative to average drawdown | 10.73 | 10.88 | -0.15 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| PAXHX | THHYX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.85 | 1.80 | +0.05 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.51 | 0.41 | +0.10 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.96 | 0.83 | +0.14 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.82 | 1.13 | -0.32 |
Correlation
The correlation between PAXHX and THHYX is 0.51, 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.
Dividends
PAXHX vs. THHYX - Dividend Comparison
PAXHX's dividend yield for the trailing twelve months is around 5.51%, which matches THHYX's 5.52% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PAXHX Pax High Yield Bond Fund | 5.51% | 5.86% | 5.53% | 6.33% | 4.26% | 3.53% | 4.67% | 5.23% | 5.29% | 5.18% | 5.12% | 6.39% |
THHYX Toews Tactical Income Fund | 5.52% | 4.91% | 5.44% | 4.33% | 1.61% | 2.79% | 2.21% | 3.84% | 2.43% | 6.56% | 3.30% | 1.59% |
Drawdowns
PAXHX vs. THHYX - Drawdown Comparison
The maximum PAXHX drawdown since its inception was -25.81%, which is greater than THHYX's maximum drawdown of -8.83%. Use the drawdown chart below to compare losses from any high point for PAXHX and THHYX.
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Drawdown Indicators
| PAXHX | THHYX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -25.81% | -8.83% | -16.98% |
Max Drawdown (1Y)Largest decline over 1 year | -2.65% | -1.12% | -1.53% |
Max Drawdown (5Y)Largest decline over 5 years | -17.38% | -8.83% | -8.55% |
Max Drawdown (10Y)Largest decline over 10 years | -18.15% | -8.83% | -9.32% |
Current DrawdownCurrent decline from peak | -1.80% | -0.90% | -0.90% |
Average DrawdownAverage peak-to-trough decline | -4.72% | -1.64% | -3.08% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.65% | 0.45% | +0.20% |
Volatility
PAXHX vs. THHYX - Volatility Comparison
Pax High Yield Bond Fund (PAXHX) has a higher volatility of 1.38% compared to Toews Tactical Income Fund (THHYX) at 0.59%. This indicates that PAXHX's price experiences larger fluctuations and is considered to be riskier than THHYX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PAXHX | THHYX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.38% | 0.59% | +0.79% |
Volatility (6M)Calculated over the trailing 6-month period | 2.32% | 1.57% | +0.75% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.54% | 2.74% | +0.80% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.16% | 3.90% | +1.26% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.26% | 3.68% | +1.58% |