PGINX vs. SSGLX
Compare and contrast key facts about Impax Global Environmental Markets Fund Institutional Class (PGINX) and State Street Global All Cap Equity ex-U.S. Index Fund Class K (SSGLX).
PGINX is managed by Pax World. It was launched on Mar 27, 2008. SSGLX is a passively managed fund by State Street that tracks the performance of the MSCI ACWI ex USA Investable Market Index. It was launched on Sep 17, 2014.
Performance
PGINX vs. SSGLX - Performance Comparison
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PGINX vs. SSGLX - 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% |
SSGLX State Street Global All Cap Equity ex-U.S. Index Fund Class K | 1.29% | 32.64% | 4.98% | 15.67% | -16.44% | 8.36% | 11.11% | 21.52% | -14.05% | 27.12% |
Returns By Period
In the year-to-date period, PGINX achieves a -0.76% return, which is significantly lower than SSGLX's 1.29% return. Over the past 10 years, PGINX has outperformed SSGLX with an annualized return of 9.70%, while SSGLX has yielded a comparatively lower 8.79% 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%
SSGLX
- 1D
- 1.94%
- 1M
- -7.37%
- YTD
- 1.29%
- 6M
- 5.27%
- 1Y
- 26.80%
- 3Y*
- 15.14%
- 5Y*
- 7.06%
- 10Y*
- 8.79%
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PGINX vs. SSGLX - Expense Ratio Comparison
PGINX has a 0.90% expense ratio, which is higher than SSGLX's 0.07% expense ratio.
Return for Risk
PGINX vs. SSGLX — Risk / Return Rank
PGINX
SSGLX
PGINX vs. SSGLX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Impax Global Environmental Markets Fund Institutional Class (PGINX) and State Street Global All Cap Equity ex-U.S. Index Fund Class K (SSGLX). 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 | SSGLX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.81 | 1.76 | -0.95 |
Sortino ratioReturn per unit of downside risk | 1.28 | 2.37 | -1.10 |
Omega ratioGain probability vs. loss probability | 1.17 | 1.36 | -0.19 |
Calmar ratioReturn relative to maximum drawdown | 1.29 | 2.35 | -1.06 |
Martin ratioReturn relative to average drawdown | 4.52 | 9.17 | -4.65 |
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 | SSGLX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.81 | 1.76 | -0.95 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.24 | 0.49 | -0.24 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.54 | 0.55 | -0.01 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.35 | 0.38 | -0.03 |
Correlation
The correlation between PGINX and SSGLX is 0.79, 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. SSGLX - Dividend Comparison
PGINX's dividend yield for the trailing twelve months is around 23.89%, more than SSGLX's 4.36% 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% |
SSGLX State Street Global All Cap Equity ex-U.S. Index Fund Class K | 4.36% | 4.41% | 4.46% | 2.98% | 2.85% | 4.20% | 1.72% | 4.80% | 8.32% | 3.98% | 1.52% | 2.09% |
Drawdowns
PGINX vs. SSGLX - Drawdown Comparison
The maximum PGINX drawdown since its inception was -52.48%, which is greater than SSGLX's maximum drawdown of -35.88%. Use the drawdown chart below to compare losses from any high point for PGINX and SSGLX.
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Drawdown Indicators
| PGINX | SSGLX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -52.48% | -35.88% | -16.60% |
Max Drawdown (1Y)Largest decline over 1 year | -11.74% | -11.22% | -0.52% |
Max Drawdown (5Y)Largest decline over 5 years | -33.54% | -30.08% | -3.46% |
Max Drawdown (10Y)Largest decline over 10 years | -33.54% | -35.88% | +2.34% |
Current DrawdownCurrent decline from peak | -8.28% | -9.15% | +0.87% |
Average DrawdownAverage peak-to-trough decline | -9.64% | -8.32% | -1.32% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.35% | 2.87% | +0.48% |
Volatility
PGINX vs. SSGLX - Volatility Comparison
Impax Global Environmental Markets Fund Institutional Class (PGINX) has a higher volatility of 7.24% compared to State Street Global All Cap Equity ex-U.S. Index Fund Class K (SSGLX) at 6.71%. This indicates that PGINX's price experiences larger fluctuations and is considered to be riskier than SSGLX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PGINX | SSGLX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.24% | 6.71% | +0.53% |
Volatility (6M)Calculated over the trailing 6-month period | 11.41% | 10.18% | +1.23% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.84% | 15.57% | +3.27% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.10% | 14.51% | +3.59% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.06% | 16.15% | +1.91% |