PGINX vs. SPY
Compare and contrast key facts about Impax Global Environmental Markets Fund Institutional Class (PGINX) and SPDR S&P 500 ETF (SPY).
PGINX is managed by Pax World. It was launched on Mar 27, 2008. 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.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: PGINX or SPY.
Correlation
The correlation between PGINX and SPY is 0.87, 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.
Performance
PGINX vs. SPY - Performance Comparison
Key characteristics
PGINX:
0.35
SPY:
1.88
PGINX:
0.57
SPY:
2.53
PGINX:
1.07
SPY:
1.35
PGINX:
0.39
SPY:
2.83
PGINX:
1.05
SPY:
11.74
PGINX:
4.73%
SPY:
2.02%
PGINX:
14.25%
SPY:
12.64%
PGINX:
-52.48%
SPY:
-55.19%
PGINX:
-7.79%
SPY:
-0.42%
Returns By Period
In the year-to-date period, PGINX achieves a 4.92% return, which is significantly higher than SPY's 4.15% return. Over the past 10 years, PGINX has underperformed SPY with an annualized return of 7.30%, while SPY has yielded a comparatively higher 13.18% annualized return.
PGINX
4.92%
-0.95%
-3.59%
4.24%
7.53%
7.30%
SPY
4.15%
1.22%
10.44%
24.34%
14.62%
13.18%
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PGINX vs. SPY - Expense Ratio Comparison
PGINX has a 0.90% expense ratio, which is higher than SPY's 0.09% expense ratio.
Risk-Adjusted Performance
PGINX vs. SPY — Risk-Adjusted Performance Rank
PGINX
SPY
PGINX vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Impax Global Environmental Markets Fund Institutional Class (PGINX) and 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.
Dividends
PGINX vs. SPY - Dividend Comparison
PGINX's dividend yield for the trailing twelve months is around 0.54%, less than SPY's 1.16% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PGINX Impax Global Environmental Markets Fund Institutional Class | 0.54% | 0.57% | 0.74% | 0.32% | 0.72% | 0.60% | 0.86% | 1.21% | 0.57% | 0.76% | 0.48% | 1.25% |
SPY SPDR S&P 500 ETF | 1.16% | 1.21% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% |
Drawdowns
PGINX vs. SPY - Drawdown Comparison
The maximum PGINX drawdown since its inception was -52.48%, roughly equal to the maximum SPY drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for PGINX and SPY. For additional features, visit the drawdowns tool.
Volatility
PGINX vs. SPY - Volatility Comparison
Impax Global Environmental Markets Fund Institutional Class (PGINX) has a higher volatility of 3.50% compared to SPDR S&P 500 ETF (SPY) at 2.93%. This indicates that PGINX's price experiences larger fluctuations and is considered to be riskier than SPY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.