PXNIX vs. DFIEX
PXNIX (Pax International Sustainable Economy Fund Institutional Class) and DFIEX (DFA International Core Equity Portfolio I) are both mutual funds - PXNIX is a Large Cap Blend Equities fund managed by Pax World Funds, while DFIEX is a Foreign Large Cap Equities fund managed by Dimensional. Over the past 10 years, PXNIX returned 8.83%/yr vs 10.01%/yr for DFIEX. Their correlation of 0.92 suggests significant overlap in exposure. PXNIX charges 0.47%/yr vs 0.24%/yr for DFIEX.
Performance
PXNIX vs. DFIEX - Performance Comparison
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Returns By Period
In the year-to-date period, PXNIX achieves a 8.93% return, which is significantly lower than DFIEX's 11.05% return. Over the past 10 years, PXNIX has underperformed DFIEX with an annualized return of 8.83%, while DFIEX has yielded a comparatively higher 10.01% annualized return.
PXNIX
- 1D
- 0.61%
- 1M
- 4.40%
- YTD
- 8.93%
- 6M
- 10.79%
- 1Y
- 20.21%
- 3Y*
- 16.42%
- 5Y*
- 8.37%
- 10Y*
- 8.83%
DFIEX
- 1D
- 0.31%
- 1M
- 3.55%
- YTD
- 11.05%
- 6M
- 14.04%
- 1Y
- 28.12%
- 3Y*
- 19.64%
- 5Y*
- 9.78%
- 10Y*
- 10.01%
PXNIX vs. DFIEX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
PXNIX Pax International Sustainable Economy Fund Institutional Class | 8.93% | 28.91% | 5.03% | 19.28% | -17.81% | 11.23% | 10.79% | 23.03% | -12.92% | 23.35% |
DFIEX DFA International Core Equity Portfolio I | 11.05% | 36.18% | 3.99% | 17.50% | -13.51% | 13.85% | 7.73% | 21.70% | -17.41% | 28.04% |
Correlation
The correlation between PXNIX and DFIEX is 0.94, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.94 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.95 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.96 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.96 |
Correlation (All Time) Calculated using the full available price history since Jan 4, 2012 | 0.92 |
The correlation between PXNIX and DFIEX has been stable across timeframes, ranging from 0.92 to 0.96 - a consistent structural relationship.
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Return for Risk
PXNIX vs. DFIEX — Risk / Return Rank
PXNIX
DFIEX
PXNIX vs. DFIEX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Pax International Sustainable Economy Fund Institutional Class (PXNIX) and DFA International Core Equity Portfolio I (DFIEX). 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.
| PXNIX | DFIEX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.76 | ||
| Sortino ratioReturn per unit of downside risk | -0.98 | ||
| Omega ratioGain probability vs. loss probability | 1.22 | 1.36 | -0.14 |
| Calmar ratioReturn relative to maximum drawdown | 1.65 | 2.49 | -0.85 |
| Martin ratioReturn relative to average drawdown | 6.32 | 9.74 | -3.42 |
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
| PXNIX | DFIEX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.23 | 1.99 | -0.76 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.52 | 0.62 | -0.10 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.54 | 0.61 | -0.08 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.56 | 0.37 | +0.20 |
Drawdowns
PXNIX vs. DFIEX - Drawdown Comparison
The maximum PXNIX drawdown since its inception was -32.54%, smaller than the maximum DFIEX drawdown of -62.22%. Use the drawdown chart below to compare losses from any high point for PXNIX and DFIEX.
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Drawdown Indicators
| PXNIX | DFIEX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -32.54% | -62.22% | +29.68% |
Max Drawdown (1Y)Largest decline over 1 year | -11.58% | -11.01% | -0.57% |
Max Drawdown (3Y)Largest decline over 3 years | -13.47% | -12.81% | -0.66% |
Max Drawdown (5Y)Largest decline over 5 years | -32.54% | -28.66% | -3.88% |
Max Drawdown (10Y)Largest decline over 10 years | -32.54% | -41.04% | +8.50% |
Current DrawdownCurrent decline from peak | 0.00% | -0.35% | +0.35% |
Average DrawdownAverage peak-to-trough decline | -6.71% | -12.18% | +5.47% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.02% | 2.81% | +0.21% |
Volatility
PXNIX vs. DFIEX - Volatility Comparison
Pax International Sustainable Economy Fund Institutional Class (PXNIX) has a higher volatility of 4.83% compared to DFA International Core Equity Portfolio I (DFIEX) at 4.11%. This indicates that PXNIX's price experiences larger fluctuations and is considered to be riskier than DFIEX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PXNIX | DFIEX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.83% | 4.11% | +0.72% |
Volatility (6M)Calculated over the trailing 6-month period | 12.61% | 11.15% | +1.46% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.57% | 13.85% | +1.72% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.15% | 15.75% | +0.40% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.54% | 16.39% | +0.15% |
PXNIX vs. DFIEX - Expense Ratio Comparison
PXNIX has a 0.47% expense ratio, which is higher than DFIEX's 0.24% expense ratio.
Dividends
PXNIX vs. DFIEX - Dividend Comparison
PXNIX's dividend yield for the trailing twelve months is around 6.58%, more than DFIEX's 2.91% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DFIEX DFA International Core Equity Portfolio I | 2.91% | 3.22% | 3.42% | 3.36% | 2.88% | 2.98% | 1.77% | 2.90% | 2.95% | 2.49% | 2.76% | 4.20% |
PXNIX Pax International Sustainable Economy Fund Institutional Class | 6.58% | 7.17% | 3.54% | 2.38% | 2.64% | 4.69% | 1.82% | 2.58% | 2.84% | 2.54% | 2.74% | 2.04% |
Frequently Asked Questions
With a correlation of 0.94, PXNIX and DFIEX move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
PXNIX has higher volatility (4.83%) compared to DFIEX (4.11%). In terms of maximum drawdown, PXNIX dropped -32.54% vs DFIEX's -62.22%.
DFIEX currently has the higher Sharpe Ratio (1.99 vs 1.23), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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