PGINX vs. VEA
Compare and contrast key facts about Impax Global Environmental Markets Fund Institutional Class (PGINX) and Vanguard FTSE Developed Markets ETF (VEA).
PGINX is managed by Pax World. It was launched on Mar 27, 2008. VEA is a passively managed fund by Vanguard that tracks the performance of the FTSE Developed All Cap ex US Index. It was launched on Jul 20, 2007.
Performance
PGINX vs. VEA - Performance Comparison
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PGINX vs. VEA - 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% |
VEA Vanguard FTSE Developed Markets ETF | 4.45% | 35.16% | 3.15% | 17.93% | -15.34% | 11.66% | 9.71% | 22.62% | -14.75% | 26.42% |
Returns By Period
In the year-to-date period, PGINX achieves a -0.76% return, which is significantly lower than VEA's 4.45% return. Both investments have delivered pretty close results over the past 10 years, with PGINX having a 9.70% annualized return and VEA not far behind at 9.55%.
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%
VEA
- 1D
- 1.65%
- 1M
- -5.45%
- YTD
- 4.45%
- 6M
- 9.91%
- 1Y
- 31.74%
- 3Y*
- 16.71%
- 5Y*
- 8.93%
- 10Y*
- 9.55%
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PGINX vs. VEA - Expense Ratio Comparison
PGINX has a 0.90% expense ratio, which is higher than VEA's 0.03% expense ratio.
Return for Risk
PGINX vs. VEA — Risk / Return Rank
PGINX
VEA
PGINX vs. VEA - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Impax Global Environmental Markets Fund Institutional Class (PGINX) and Vanguard FTSE Developed Markets ETF (VEA). 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 | VEA | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.81 | 1.81 | -0.99 |
Sortino ratioReturn per unit of downside risk | 1.28 | 2.46 | -1.18 |
Omega ratioGain probability vs. loss probability | 1.17 | 1.36 | -0.19 |
Calmar ratioReturn relative to maximum drawdown | 1.29 | 2.77 | -1.48 |
Martin ratioReturn relative to average drawdown | 4.52 | 10.77 | -6.25 |
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 | VEA | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.81 | 1.81 | -0.99 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.24 | 0.55 | -0.31 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.54 | 0.55 | -0.02 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.35 | 0.22 | +0.13 |
Correlation
The correlation between PGINX and VEA 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.
Dividends
PGINX vs. VEA - Dividend Comparison
PGINX's dividend yield for the trailing twelve months is around 23.89%, more than VEA's 2.88% 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% |
VEA Vanguard FTSE Developed Markets ETF | 2.88% | 3.22% | 3.35% | 3.15% | 2.91% | 3.16% | 2.04% | 3.04% | 3.35% | 2.77% | 3.05% | 2.92% |
Drawdowns
PGINX vs. VEA - Drawdown Comparison
The maximum PGINX drawdown since its inception was -52.48%, smaller than the maximum VEA drawdown of -60.68%. Use the drawdown chart below to compare losses from any high point for PGINX and VEA.
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Drawdown Indicators
| PGINX | VEA | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -52.48% | -60.68% | +8.20% |
Max Drawdown (1Y)Largest decline over 1 year | -11.74% | -11.63% | -0.11% |
Max Drawdown (5Y)Largest decline over 5 years | -33.54% | -29.71% | -3.83% |
Max Drawdown (10Y)Largest decline over 10 years | -33.54% | -35.73% | +2.19% |
Current DrawdownCurrent decline from peak | -8.28% | -7.20% | -1.08% |
Average DrawdownAverage peak-to-trough decline | -9.64% | -13.39% | +3.75% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.35% | 2.99% | +0.36% |
Volatility
PGINX vs. VEA - Volatility Comparison
The current volatility for Impax Global Environmental Markets Fund Institutional Class (PGINX) is 7.24%, while Vanguard FTSE Developed Markets ETF (VEA) has a volatility of 7.92%. This indicates that PGINX experiences smaller price fluctuations and is considered to be less risky than VEA based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PGINX | VEA | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.24% | 7.92% | -0.68% |
Volatility (6M)Calculated over the trailing 6-month period | 11.41% | 11.68% | -0.27% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.84% | 17.67% | +1.17% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.10% | 16.30% | +1.80% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.06% | 17.26% | +0.80% |