PAXS vs. SPY

Last updated Feb 7, 2026

Compare and contrast key facts about Pax-Global Sustainable Equity Fund (PAXS) and State Street SPDR S&P 500 ETF (SPY).

PAXS and SPY are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. SPY is a passively managed fund by State Street that tracks the performance of the S&P 500 Index. It was launched on Jan 22, 1993.

Performance

PAXS vs. SPY - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Pax-Global Sustainable Equity Fund (PAXS) and State Street SPDR S&P 500 ETF (SPY). The values are adjusted to include any dividend payments, if applicable.

PAXS vs. SPY - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
PAXS Pax-Global Sustainable Equity Fund	3.65%	12.58%	19.51%	9.30%	-16.66%
SPY State Street SPDR S&P 500 ETF	-4.37%	17.72%	24.89%	26.18%	-9.88%

Returns By Period

PAXS

• 1D: —
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

SPY

• 1D: 2.91%
• 1M: -4.94%
• YTD: -4.37%
• 6M: -1.82%
• 1Y: 17.59%
• 3Y*: 18.19%
• 5Y*: 11.69%
• 10Y*: 13.98%

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

PAXS vs. SPY - Expense Ratio Comparison

SPY

State Street SPDR S&P 500 ETF

Return for Risk

PAXS vs. SPY — Risk / Return Rank

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

PAXS

PAXS Risk / Return Rank: 38
PAXS Sharpe Ratio Rank: 34
PAXS Sortino Ratio Rank: 31
PAXS Omega Ratio Rank: 38
PAXS Calmar Ratio Rank: 45
PAXS Martin Ratio Rank: 41

SPY

SPY Risk / Return Rank: 64
SPY Sharpe Ratio Rank: 56
SPY Sortino Ratio Rank: 60
SPY Omega Ratio Rank: 65
SPY Calmar Ratio Rank: 65
SPY Martin Ratio Rank: 75

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.

PAXS vs. SPY - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Pax-Global Sustainable Equity Fund (PAXS) and State Street SPDR S&P 500 ETF (SPY). 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.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Sharpe Ratios by Period

	PAXS	SPY	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	0.93	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.69	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.78	—
Sharpe Ratio (All Time) Calculated using the full available price history	—	0.56	—

Correlation

The correlation between PAXS and SPY is 0.39, 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.

Dividends

PAXS vs. SPY - Dividend Comparison

PAXS's dividend yield for the trailing twelve months is around 11.41%, more than SPY's 1.14% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
PAXS Pax-Global Sustainable Equity Fund	9.51%	11.72%	11.76%	12.54%	13.30%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
SPY State Street SPDR S&P 500 ETF	1.14%	1.07%	1.21%	1.40%	1.65%	1.20%	1.52%	1.75%	2.04%	1.80%	2.03%	2.06%

Drawdowns

Drawdown Indicators

	PAXS	SPY	Difference
Max Drawdown Largest peak-to-trough decline	-22.28%	-55.19%	+32.91%
Max Drawdown (1Y) Largest decline over 1 year	-12.44%	-12.05%	-0.39%
Max Drawdown (5Y) Largest decline over 5 years	—	-24.50%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-33.72%	—
Current Drawdown Current decline from peak	-1.94%	-6.24%	+4.30%
Average Drawdown Average peak-to-trough decline	-7.67%	-9.09%	+1.42%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.31%	2.52%	+0.79%

Volatility

Volatility by Period

	PAXS	SPY	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	5.31%	—
Volatility (6M) Calculated over the trailing 6-month period	—	9.47%	—
Volatility (1Y) Calculated over the trailing 1-year period	—	19.05%	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	—	17.06%	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	—	17.92%	—