PGINX vs. FSLEX
Compare and contrast key facts about Impax Global Environmental Markets Fund Institutional Class (PGINX) and Fidelity Environment and Alternative Energy Fund (FSLEX).
PGINX is managed by Pax World. It was launched on Mar 27, 2008. FSLEX is managed by Fidelity. It was launched on Jun 29, 1989.
Performance
PGINX vs. FSLEX - Performance Comparison
Loading graphics...
PGINX vs. FSLEX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
PGINX Impax Global Environmental Markets Fund Institutional Class | -4.24% | 14.14% | 5.15% | 16.85% | -22.39% | 22.25% | 26.00% | 28.18% | -14.20% | 26.80% |
FSLEX Fidelity Environment and Alternative Energy Fund | -3.79% | 20.38% | 20.01% | 26.29% | -26.05% | 30.30% | 21.56% | 26.86% | -13.49% | 24.94% |
Returns By Period
In the year-to-date period, PGINX achieves a -4.24% return, which is significantly lower than FSLEX's -3.79% return. Over the past 10 years, PGINX has underperformed FSLEX with an annualized return of 9.31%, while FSLEX has yielded a comparatively higher 12.60% annualized return.
PGINX
- 1D
- -0.45%
- 1M
- -10.79%
- YTD
- -4.24%
- 6M
- -5.52%
- 1Y
- 11.21%
- 3Y*
- 7.21%
- 5Y*
- 3.94%
- 10Y*
- 9.31%
FSLEX
- 1D
- -1.41%
- 1M
- -10.23%
- YTD
- -3.79%
- 6M
- -3.23%
- 1Y
- 26.76%
- 3Y*
- 17.00%
- 5Y*
- 9.21%
- 10Y*
- 12.60%
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
PGINX vs. FSLEX - Expense Ratio Comparison
PGINX has a 0.90% expense ratio, which is higher than FSLEX's 0.79% expense ratio.
Return for Risk
PGINX vs. FSLEX — Risk / Return Rank
PGINX
FSLEX
PGINX vs. FSLEX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Impax Global Environmental Markets Fund Institutional Class (PGINX) and Fidelity Environment and Alternative Energy Fund (FSLEX). 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.
| PGINX | FSLEX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.60 | 1.22 | -0.62 |
Sortino ratioReturn per unit of downside risk | 0.98 | 1.82 | -0.84 |
Omega ratioGain probability vs. loss probability | 1.13 | 1.25 | -0.12 |
Calmar ratioReturn relative to maximum drawdown | 0.77 | 1.76 | -0.99 |
Martin ratioReturn relative to average drawdown | 2.74 | 7.52 | -4.78 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading graphics...
Sharpe Ratios by Period
| PGINX | FSLEX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.60 | 1.22 | -0.62 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.22 | 0.45 | -0.23 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.52 | 0.59 | -0.07 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.34 | 0.32 | +0.02 |
Correlation
The correlation between PGINX and FSLEX is 0.88, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Dividends
PGINX vs. FSLEX - Dividend Comparison
PGINX's dividend yield for the trailing twelve months is around 24.76%, more than FSLEX's 0.38% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PGINX Impax Global Environmental Markets Fund Institutional Class | 24.76% | 23.71% | 4.79% | 0.74% | 0.65% | 2.10% | 0.60% | 0.86% | 4.26% | 3.44% | 0.75% | 1.13% |
FSLEX Fidelity Environment and Alternative Energy Fund | 0.38% | 0.37% | 0.41% | 0.39% | 0.69% | 7.74% | 6.41% | 2.17% | 6.39% | 6.19% | 1.29% | 3.01% |
Drawdowns
PGINX vs. FSLEX - Drawdown Comparison
The maximum PGINX drawdown since its inception was -52.48%, roughly equal to the maximum FSLEX drawdown of -50.21%. Use the drawdown chart below to compare losses from any high point for PGINX and FSLEX.
Loading graphics...
Drawdown Indicators
| PGINX | FSLEX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -52.48% | -50.21% | -2.27% |
Max Drawdown (1Y)Largest decline over 1 year | -11.74% | -13.76% | +2.02% |
Max Drawdown (5Y)Largest decline over 5 years | -33.54% | -32.67% | -0.87% |
Max Drawdown (10Y)Largest decline over 10 years | -33.54% | -39.77% | +6.23% |
Current DrawdownCurrent decline from peak | -11.49% | -11.41% | -0.08% |
Average DrawdownAverage peak-to-trough decline | -9.64% | -13.99% | +4.35% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.31% | 3.22% | +0.09% |
Volatility
PGINX vs. FSLEX - Volatility Comparison
Impax Global Environmental Markets Fund Institutional Class (PGINX) and Fidelity Environment and Alternative Energy Fund (FSLEX) have volatilities of 6.00% and 6.22%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
Loading graphics...
Volatility by Period
| PGINX | FSLEX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.00% | 6.22% | -0.22% |
Volatility (6M)Calculated over the trailing 6-month period | 10.83% | 12.26% | -1.43% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.53% | 22.17% | -3.64% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.03% | 20.57% | -2.54% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.03% | 21.39% | -3.36% |