PGINX vs. PAXHX
Compare and contrast key facts about Impax Global Environmental Markets Fund Institutional Class (PGINX) and Pax High Yield Bond Fund (PAXHX).
PGINX is managed by Pax World. It was launched on Mar 27, 2008. PAXHX is managed by Pax World. It was launched on Oct 8, 1999.
Performance
PGINX vs. PAXHX - Performance Comparison
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PGINX vs. PAXHX - 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% |
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% |
Returns By Period
In the year-to-date period, PGINX achieves a -0.76% return, which is significantly higher than PAXHX's -1.14% return. Over the past 10 years, PGINX has outperformed PAXHX with an annualized return of 9.70%, while PAXHX has yielded a comparatively lower 5.06% annualized 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%
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%
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PGINX vs. PAXHX - Expense Ratio Comparison
PGINX has a 0.90% expense ratio, which is lower than PAXHX's 0.93% expense ratio.
Return for Risk
PGINX vs. PAXHX — Risk / Return Rank
PGINX
PAXHX
PGINX vs. PAXHX - 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 High Yield Bond Fund (PAXHX). 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 | PAXHX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.81 | 1.85 | -1.04 |
Sortino ratioReturn per unit of downside risk | 1.28 | 2.71 | -1.43 |
Omega ratioGain probability vs. loss probability | 1.17 | 1.41 | -0.24 |
Calmar ratioReturn relative to maximum drawdown | 1.29 | 2.64 | -1.35 |
Martin ratioReturn relative to average drawdown | 4.52 | 10.73 | -6.20 |
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 | PAXHX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.81 | 1.85 | -1.04 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.24 | 0.51 | -0.27 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.54 | 0.96 | -0.43 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.35 | 0.82 | -0.47 |
Correlation
The correlation between PGINX and PAXHX is 0.43, 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
PGINX vs. PAXHX - Dividend Comparison
PGINX's dividend yield for the trailing twelve months is around 23.89%, more than PAXHX's 5.51% 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% |
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% |
Drawdowns
PGINX vs. PAXHX - Drawdown Comparison
The maximum PGINX drawdown since its inception was -52.48%, which is greater than PAXHX's maximum drawdown of -25.81%. Use the drawdown chart below to compare losses from any high point for PGINX and PAXHX.
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Drawdown Indicators
| PGINX | PAXHX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -52.48% | -25.81% | -26.67% |
Max Drawdown (1Y)Largest decline over 1 year | -11.74% | -2.65% | -9.09% |
Max Drawdown (5Y)Largest decline over 5 years | -33.54% | -17.38% | -16.16% |
Max Drawdown (10Y)Largest decline over 10 years | -33.54% | -18.15% | -15.39% |
Current DrawdownCurrent decline from peak | -8.28% | -1.80% | -6.48% |
Average DrawdownAverage peak-to-trough decline | -9.64% | -4.72% | -4.92% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.35% | 0.65% | +2.70% |
Volatility
PGINX vs. PAXHX - Volatility Comparison
Impax Global Environmental Markets Fund Institutional Class (PGINX) has a higher volatility of 7.24% compared to Pax High Yield Bond Fund (PAXHX) at 1.38%. This indicates that PGINX's price experiences larger fluctuations and is considered to be riskier than PAXHX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PGINX | PAXHX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.24% | 1.38% | +5.86% |
Volatility (6M)Calculated over the trailing 6-month period | 11.41% | 2.32% | +9.09% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.84% | 3.54% | +15.30% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.10% | 5.16% | +12.94% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.06% | 5.26% | +12.80% |