PXNIX vs. FSKAX
PXNIX (Pax International Sustainable Economy Fund Institutional Class) and FSKAX (Fidelity Total Market Index Fund) are both Large Cap Blend Equities funds. Over the past 10 years, PXNIX returned 9.62%/yr vs 15.27%/yr for FSKAX. A 0.73 correlation means they provide meaningful diversification when combined. PXNIX charges 0.47%/yr vs 0.01%/yr for FSKAX.
Performance
PXNIX vs. FSKAX - Performance Comparison
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Returns By Period
In the year-to-date period, PXNIX achieves a 9.01% return, which is significantly lower than FSKAX's 10.43% return. Over the past 10 years, PXNIX has underperformed FSKAX with an annualized return of 9.62%, while FSKAX has yielded a comparatively higher 15.27% annualized return.
PXNIX
- 1D
- -1.26%
- 1M
- 1.53%
- YTD
- 9.01%
- 6M
- 8.39%
- 1Y
- 20.88%
- 3Y*
- 17.01%
- 5Y*
- 8.57%
- 10Y*
- 9.62%
FSKAX
- 1D
- -0.34%
- 1M
- 0.56%
- YTD
- 10.43%
- 6M
- 9.28%
- 1Y
- 25.95%
- 3Y*
- 21.24%
- 5Y*
- 12.40%
- 10Y*
- 15.27%
PXNIX vs. FSKAX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
PXNIX Pax International Sustainable Economy Fund Institutional Class | 9.01% | 28.91% | 5.03% | 19.28% | -17.81% | 11.23% | 10.79% | 23.03% | -12.92% | 23.35% |
FSKAX Fidelity Total Market Index Fund | 10.43% | 17.06% | 23.89% | 26.12% | -19.53% | 25.66% | 20.79% | 30.92% | -5.32% | 20.85% |
Correlation
The correlation between PXNIX and FSKAX is 0.78, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.78 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.73 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.76 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.77 |
Correlation (All Time) Calculated using the full available price history since Jan 3, 2012 | 0.73 |
The correlation between PXNIX and FSKAX has been stable across timeframes, ranging from 0.73 to 0.78 - a consistent structural relationship.
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Return for Risk
PXNIX vs. FSKAX — Risk / Return Rank
PXNIX
FSKAX
PXNIX vs. FSKAX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Pax International Sustainable Economy Fund Institutional Class (PXNIX) and Fidelity Total Market Index Fund (FSKAX). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| PXNIX | FSKAX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.75 | ||
| Sortino ratioReturn per unit of downside risk | -0.90 | ||
| Omega ratioGain probability vs. loss probability | 1.25 | 1.38 | -0.13 |
| Calmar ratioReturn relative to maximum drawdown | 1.88 | 3.06 | -1.17 |
| Martin ratioReturn relative to average drawdown | 7.24 | 13.62 | -6.38 |
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Drawdowns
PXNIX vs. FSKAX - Drawdown Comparison
The maximum PXNIX drawdown since its inception was -32.54%, smaller than the maximum FSKAX drawdown of -35.01%. Use the drawdown chart below to compare losses from any high point for PXNIX and FSKAX.
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Drawdown Indicators
| PXNIX | FSKAX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -32.54% | -35.01% | +2.47% |
Max Drawdown (1Y)Largest decline over 1 year | -11.58% | -8.92% | -2.66% |
Max Drawdown (3Y)Largest decline over 3 years | -13.47% | -19.43% | +5.96% |
Max Drawdown (5Y)Largest decline over 5 years | -32.54% | -25.39% | -7.15% |
Max Drawdown (10Y)Largest decline over 10 years | -32.54% | -35.01% | +2.47% |
Current DrawdownCurrent decline from peak | -1.26% | -1.47% | +0.21% |
Average DrawdownAverage peak-to-trough decline | -6.68% | -4.01% | -2.67% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.01% | 2.00% | +1.01% |
Volatility
PXNIX vs. FSKAX - Volatility Comparison
Pax International Sustainable Economy Fund Institutional Class (PXNIX) and Fidelity Total Market Index Fund (FSKAX) have volatilities of 4.95% and 4.80%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PXNIX | FSKAX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.95% | 4.80% | +0.15% |
Volatility (6M)Calculated over the trailing 6-month period | 13.25% | 10.10% | +3.15% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.02% | 12.91% | +3.11% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.24% | 17.50% | -1.26% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.52% | 18.50% | -1.98% |
PXNIX vs. FSKAX - Expense Ratio Comparison
PXNIX has a 0.47% expense ratio, which is higher than FSKAX's 0.02% expense ratio.
Dividends
PXNIX vs. FSKAX - Dividend Comparison
PXNIX's dividend yield for the trailing twelve months is around 5.12%, more than FSKAX's 0.95% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FSKAX Fidelity Total Market Index Fund | 0.95% | 1.01% | 1.19% | 1.41% | 1.62% | 1.15% | 1.45% | 1.94% | 2.54% | 2.07% | 2.43% | 0.82% |
PXNIX Pax International Sustainable Economy Fund Institutional Class | 5.12% | 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
PXNIX and FSKAX have a correlation of 0.78, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
PXNIX has higher volatility (4.95%) compared to FSKAX (4.80%). In terms of maximum drawdown, PXNIX dropped -32.54% vs FSKAX's -35.01%.
FSKAX currently has the higher Sharpe Ratio (2.12 vs 1.36), 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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