PGINX vs. PAXBX
Compare and contrast key facts about Impax Global Environmental Markets Fund Institutional Class (PGINX) and PAX CORE BOND FUND (PAXBX).
PGINX is managed by Pax World. It was launched on Mar 27, 2008. PAXBX is managed by Pax World. It was launched on Dec 16, 2016.
Performance
PGINX vs. PAXBX - Performance Comparison
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PGINX vs. PAXBX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
PGINX Impax Global Environmental Markets Fund Institutional Class | -0.76% | 14.14% | 5.15% | 16.85% | -22.39% | 22.25% | 26.00% | 28.18% | -14.20% | 26.80% |
PAXBX PAX CORE BOND FUND | -0.41% | 6.45% | 1.04% | 4.60% | -13.60% | -1.85% | 6.92% | 8.01% | -0.24% | 2.57% |
Returns By Period
In the year-to-date period, PGINX achieves a -0.76% return, which is significantly lower than PAXBX's -0.41% return.
PGINX
- 1D
- 3.63%
- 1M
- -6.55%
- YTD
- -0.76%
- 6M
- -2.65%
- 1Y
- 14.79%
- 3Y*
- 8.49%
- 5Y*
- 4.39%
- 10Y*
- 9.70%
PAXBX
- 1D
- 0.23%
- 1M
- -1.67%
- YTD
- -0.41%
- 6M
- 0.29%
- 1Y
- 3.28%
- 3Y*
- 2.84%
- 5Y*
- -0.42%
- 10Y*
- —
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PGINX vs. PAXBX - Expense Ratio Comparison
PGINX has a 0.90% expense ratio, which is higher than PAXBX's 0.71% expense ratio.
Return for Risk
PGINX vs. PAXBX — Risk / Return Rank
PGINX
PAXBX
PGINX vs. PAXBX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Impax Global Environmental Markets Fund Institutional Class (PGINX) and PAX CORE BOND FUND (PAXBX). 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 | PAXBX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.81 | 0.81 | 0.00 |
Sortino ratioReturn per unit of downside risk | 1.28 | 1.17 | +0.11 |
Omega ratioGain probability vs. loss probability | 1.17 | 1.14 | +0.03 |
Calmar ratioReturn relative to maximum drawdown | 1.29 | 1.47 | -0.18 |
Martin ratioReturn relative to average drawdown | 4.52 | 4.27 | +0.25 |
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
| PGINX | PAXBX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.81 | 0.81 | 0.00 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.24 | -0.07 | +0.32 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.54 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.35 | 0.28 | +0.07 |
Correlation
The correlation between PGINX and PAXBX is 0.06, 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
PGINX vs. PAXBX - Dividend Comparison
PGINX's dividend yield for the trailing twelve months is around 23.89%, more than PAXBX's 3.48% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PGINX Impax Global Environmental Markets Fund Institutional Class | 23.89% | 23.71% | 4.79% | 0.74% | 0.65% | 2.10% | 0.60% | 0.86% | 4.26% | 3.44% | 0.75% | 1.13% |
PAXBX PAX CORE BOND FUND | 3.48% | 3.72% | 3.22% | 2.18% | 1.69% | 1.51% | 4.14% | 2.59% | 2.37% | 2.24% | 0.07% | 0.00% |
Drawdowns
PGINX vs. PAXBX - Drawdown Comparison
The maximum PGINX drawdown since its inception was -52.48%, which is greater than PAXBX's maximum drawdown of -18.88%. Use the drawdown chart below to compare losses from any high point for PGINX and PAXBX.
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Drawdown Indicators
| PGINX | PAXBX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -52.48% | -18.88% | -33.60% |
Max Drawdown (1Y)Largest decline over 1 year | -11.74% | -2.77% | -8.97% |
Max Drawdown (5Y)Largest decline over 5 years | -33.54% | -18.30% | -15.24% |
Max Drawdown (10Y)Largest decline over 10 years | -33.54% | — | — |
Current DrawdownCurrent decline from peak | -8.28% | -5.35% | -2.93% |
Average DrawdownAverage peak-to-trough decline | -9.64% | -5.73% | -3.91% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.35% | 0.95% | +2.40% |
Volatility
PGINX vs. PAXBX - Volatility Comparison
Impax Global Environmental Markets Fund Institutional Class (PGINX) has a higher volatility of 7.24% compared to PAX CORE BOND FUND (PAXBX) at 1.54%. This indicates that PGINX's price experiences larger fluctuations and is considered to be riskier than PAXBX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PGINX | PAXBX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.24% | 1.54% | +5.70% |
Volatility (6M)Calculated over the trailing 6-month period | 11.41% | 2.49% | +8.92% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.84% | 4.38% | +14.46% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.10% | 5.71% | +12.39% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.06% | 4.83% | +13.23% |