Correlation
The correlation between PXNIX and PTY is 0.33, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
PXNIX vs. PTY
Compare and contrast key facts about Pax International Sustainable Economy Fund Institutional Class (PXNIX) and PIMCO Corporate & Income Opportunity Fund (PTY).
PXNIX is managed by Pax World Funds. PTY is managed by FPA. It was launched on Dec 24, 2002.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: PXNIX or PTY.
Performance
PXNIX vs. PTY - Performance Comparison
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Key characteristics
PXNIX:
0.79
PTY:
0.44
PXNIX:
1.13
PTY:
0.60
PXNIX:
1.15
PTY:
1.19
PXNIX:
0.91
PTY:
0.41
PXNIX:
2.29
PTY:
2.10
PXNIX:
5.33%
PTY:
3.00%
PXNIX:
16.51%
PTY:
13.50%
PXNIX:
-54.03%
PTY:
-61.19%
PXNIX:
-0.83%
PTY:
-6.55%
Returns By Period
In the year-to-date period, PXNIX achieves a 16.81% return, which is significantly higher than PTY's -0.15% return. Over the past 10 years, PXNIX has underperformed PTY with an annualized return of 5.88%, while PTY has yielded a comparatively higher 9.61% annualized return.
PXNIX
16.81%
3.94%
12.48%
12.93%
11.70%
10.84%
5.88%
PTY
-0.15%
1.09%
-1.80%
5.84%
9.25%
8.63%
9.61%
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PXNIX vs. PTY - Expense Ratio Comparison
PXNIX has a 0.47% expense ratio, which is lower than PTY's 1.19% expense ratio.
Risk-Adjusted Performance
PXNIX vs. PTY — Risk-Adjusted Performance Rank
PXNIX
PTY
PXNIX vs. PTY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Pax International Sustainable Economy Fund Institutional Class (PXNIX) and PIMCO Corporate & Income Opportunity Fund (PTY). 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
PXNIX vs. PTY - Dividend Comparison
PXNIX's dividend yield for the trailing twelve months is around 3.03%, less than PTY's 10.37% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PXNIX Pax International Sustainable Economy Fund Institutional Class | 3.03% | 3.54% | 2.38% | 2.64% | 4.69% | 1.81% | 2.58% | 2.85% | 2.55% | 2.73% | 2.05% | 11.46% |
PTY PIMCO Corporate & Income Opportunity Fund | 10.37% | 9.92% | 10.77% | 13.12% | 9.16% | 8.74% | 8.89% | 10.63% | 9.48% | 11.81% | 12.67% | 13.90% |
Drawdowns
PXNIX vs. PTY - Drawdown Comparison
The maximum PXNIX drawdown since its inception was -54.03%, smaller than the maximum PTY drawdown of -61.19%. Use the drawdown chart below to compare losses from any high point for PXNIX and PTY.
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Volatility
PXNIX vs. PTY - Volatility Comparison
Pax International Sustainable Economy Fund Institutional Class (PXNIX) has a higher volatility of 3.30% compared to PIMCO Corporate & Income Opportunity Fund (PTY) at 2.23%. This indicates that PXNIX's price experiences larger fluctuations and is considered to be riskier than PTY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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