Correlation
The correlation between PGINX and VOO 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.
PGINX vs. VOO
Compare and contrast key facts about Impax Global Environmental Markets Fund Institutional Class (PGINX) and Vanguard S&P 500 ETF (VOO).
PGINX is managed by Pax World. It was launched on Mar 27, 2008. VOO is a passively managed fund by Vanguard that tracks the performance of the S&P 500 Index. It was launched on Sep 7, 2010.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: PGINX or VOO.
Performance
PGINX vs. VOO - Performance Comparison
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Key characteristics
PGINX:
0.11
VOO:
0.60
PGINX:
0.22
VOO:
0.88
PGINX:
1.03
VOO:
1.13
PGINX:
0.05
VOO:
0.56
PGINX:
0.19
VOO:
2.13
PGINX:
5.75%
VOO:
4.91%
PGINX:
19.22%
VOO:
19.46%
PGINX:
-52.48%
VOO:
-33.99%
PGINX:
-3.93%
VOO:
-5.22%
Returns By Period
In the year-to-date period, PGINX achieves a 4.87% return, which is significantly higher than VOO's -0.85% return. Over the past 10 years, PGINX has underperformed VOO with an annualized return of 8.10%, while VOO has yielded a comparatively higher 12.64% annualized return.
PGINX
4.87%
6.79%
-0.75%
1.35%
9.59%
11.84%
8.10%
VOO
-0.85%
5.19%
-2.42%
10.85%
15.45%
16.18%
12.64%
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PGINX vs. VOO - Expense Ratio Comparison
PGINX has a 0.90% expense ratio, which is higher than VOO's 0.03% expense ratio.
Risk-Adjusted Performance
PGINX vs. VOO — Risk-Adjusted Performance Rank
PGINX
VOO
PGINX vs. VOO - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Impax Global Environmental Markets Fund Institutional Class (PGINX) and Vanguard S&P 500 ETF (VOO). 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.
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Dividends
PGINX vs. VOO - Dividend Comparison
PGINX's dividend yield for the trailing twelve months is around 4.57%, more than VOO's 1.31% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PGINX Impax Global Environmental Markets Fund Institutional Class | 4.57% | 4.79% | 0.74% | 0.65% | 2.10% | 0.60% | 0.86% | 4.25% | 3.44% | 0.76% | 1.14% | 1.92% |
VOO Vanguard S&P 500 ETF | 1.31% | 1.24% | 1.46% | 1.69% | 1.25% | 1.54% | 1.88% | 2.06% | 1.78% | 2.02% | 2.10% | 1.85% |
Drawdowns
PGINX vs. VOO - Drawdown Comparison
The maximum PGINX drawdown since its inception was -52.48%, which is greater than VOO's maximum drawdown of -33.99%. Use the drawdown chart below to compare losses from any high point for PGINX and VOO.
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Volatility
PGINX vs. VOO - Volatility Comparison
The current volatility for Impax Global Environmental Markets Fund Institutional Class (PGINX) is 4.11%, while Vanguard S&P 500 ETF (VOO) has a volatility of 4.44%. This indicates that PGINX experiences smaller price fluctuations and is considered to be less risky than VOO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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