PXNIX vs. PAXGX
PXNIX (Pax International Sustainable Economy Fund Institutional Class) and PAXGX (Pax Global Opportunities Fund) are both mutual funds - PXNIX is a Foreign Large Cap Equities fund managed by Pax World, while PAXGX is a Global Equities fund managed by Pax World. Over the past 5 years, PXNIX returned 9.26%/yr vs 3.96%/yr for PAXGX. Their correlation of 0.87 means they have usually moved in the same direction. PXNIX charges 0.47%/yr vs 1.21%/yr for PAXGX.
Performance
PXNIX vs. PAXGX - Performance Comparison
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Returns By Period
In the year-to-date period, PXNIX achieves a 14.02% return, which is significantly higher than PAXGX's 5.84% return.
PXNIX
- 1D
- 2.78%
- 1M
- 2.93%
- 6M
- 9.28%
- YTD
- 14.02%
- 1Y
- 26.22%
- 3Y*
- 17.04%
- 5Y*
- 9.26%
- 10Y*
- 9.34%
- ALL TIME*
- 9.21%
PAXGX
- 1D
- 2.15%
- 1M
- 0.29%
- 6M
- 5.77%
- YTD
- 5.84%
- 1Y
- 6.53%
- 3Y*
- 7.56%
- 5Y*
- 3.96%
- 10Y*
- —
- ALL TIME*
- 9.30%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $0.00 | $0.00 | $0.00 |
PXNIX vs. PAXGX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
PXNIX Pax International Sustainable Economy Fund Institutional Class | 14.02% | 28.91% | 5.03% | 19.28% | -17.81% | 11.23% | 10.79% | 23.03% | -10.33% |
PAXGX Pax Global Opportunities Fund | 5.84% | 9.48% | 6.16% | 15.16% | -18.86% | 18.71% | 22.76% | 33.52% | -8.20% |
Correlation
The correlation between PXNIX and PAXGX is 0.81, meaning they have usually moved in the same direction, including during past declines.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.81 |
Correlation (3Y) Balances recent behavior with more history. | 0.83 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.86 |
Correlation (All Time) Calculated using the full available price history since Jun 27, 2018 | 0.87 |
The correlation between PXNIX and PAXGX has been stable across timeframes, ranging from 0.81 to 0.87 - a consistent structural relationship.
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Return for Risk
PXNIX vs. PAXGX — Risk / Return Rank
PXNIX
PAXGX
PXNIX vs. PAXGX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Pax International Sustainable Economy Fund Institutional Class (PXNIX) and Pax Global Opportunities Fund (PAXGX). 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 | PAXGX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.14 | ||
| Sortino ratioReturn per unit of downside risk | +1.54 | ||
| Omega ratioGain probability vs. loss probability | 1.27 | 1.07 | +0.20 |
| Calmar ratioReturn relative to maximum drawdown | 2.11 | 0.42 | +1.69 |
| Martin ratioReturn relative to average drawdown | 8.24 | 1.43 | +6.81 |
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Drawdowns
PXNIX vs. PAXGX - Drawdown Comparison
The maximum PXNIX drawdown since its inception was -32.54%, which is greater than PAXGX's maximum drawdown of -30.63%. Use the drawdown chart below to compare losses from any high point for PXNIX and PAXGX.
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Drawdown Indicators
| PXNIX | PAXGX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -32.54% | -30.63% | -1.91% |
Max Drawdown (1Y)Largest decline over 1 year | -11.58% | -12.28% | +0.70% |
Max Drawdown (3Y)Largest decline over 3 years | -13.47% | -19.35% | +5.88% |
Max Drawdown (5Y)Largest decline over 5 years | -32.54% | -30.37% | -2.17% |
Max Drawdown (10Y)Largest decline over 10 years | -32.54% | — | — |
Current DrawdownCurrent decline from peak | 0.00% | -0.17% | +0.17% |
Average DrawdownAverage peak-to-trough decline | -6.64% | -6.45% | -0.19% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.96% | 3.62% | -0.66% |
Volatility
PXNIX vs. PAXGX - Volatility Comparison
Pax International Sustainable Economy Fund Institutional Class (PXNIX) has a higher volatility of 4.57% compared to Pax Global Opportunities Fund (PAXGX) at 3.86%. This indicates that PXNIX's price experiences larger fluctuations and is considered to be riskier than PAXGX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PXNIX | PAXGX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.57% | 3.86% | +0.71% |
Volatility (6M)Calculated over the trailing 6-month period | 13.71% | 11.94% | +1.77% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.25% | 14.28% | +1.97% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.30% | 16.91% | -0.61% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.28% | 18.37% | -2.09% |
PXNIX vs. PAXGX - Expense Ratio Comparison
PXNIX has a 0.47% expense ratio, which is lower than PAXGX's 1.21% expense ratio.
Dividends
PXNIX vs. PAXGX - Dividend Comparison
PXNIX's dividend yield for the trailing twelve months is around 6.62%, more than PAXGX's 6.54% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PAXGX Pax Global Opportunities Fund | 6.54% | 6.87% | 2.82% | 0.21% | 1.30% | 1.79% | 0.80% | 1.77% | 0.00% | 0.00% | 0.00% | 0.00% |
PXNIX Pax International Sustainable Economy Fund Institutional Class | 6.62% | 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 PAXGX have a correlation of 0.81, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
PXNIX has higher volatility (4.57%) compared to PAXGX (3.86%). In terms of maximum drawdown, PXNIX dropped -32.54% vs PAXGX's -30.63%.
PXNIX currently has the higher Sharpe Ratio (1.50 vs 0.36), 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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