PXNIX vs. SPY
Compare and contrast key facts about Pax International Sustainable Economy Fund Institutional Class (PXNIX) and SPDR S&P 500 ETF (SPY).
PXNIX is managed by Pax World Funds. SPY is a passively managed fund by State Street that tracks the performance of the S&P 500 Index. It was launched on Jan 22, 1993.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: PXNIX or SPY.
Correlation
The correlation between PXNIX and SPY is 0.80, 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.
Performance
PXNIX vs. SPY - Performance Comparison
Key characteristics
PXNIX:
0.66
SPY:
0.50
PXNIX:
1.11
SPY:
0.88
PXNIX:
1.15
SPY:
1.13
PXNIX:
0.84
SPY:
0.56
PXNIX:
2.12
SPY:
2.17
PXNIX:
5.61%
SPY:
4.85%
PXNIX:
16.55%
SPY:
20.02%
PXNIX:
-54.03%
SPY:
-55.19%
PXNIX:
0.00%
SPY:
-7.65%
Returns By Period
In the year-to-date period, PXNIX achieves a 13.96% return, which is significantly higher than SPY's -3.42% return. Over the past 10 years, PXNIX has underperformed SPY with an annualized return of 5.28%, while SPY has yielded a comparatively higher 12.35% annualized return.
PXNIX
13.96%
10.17%
8.79%
10.85%
10.90%
5.28%
SPY
-3.42%
2.87%
-5.06%
9.87%
15.76%
12.35%
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PXNIX vs. SPY - Expense Ratio Comparison
PXNIX has a 0.47% expense ratio, which is higher than SPY's 0.09% expense ratio.
Risk-Adjusted Performance
PXNIX vs. SPY — Risk-Adjusted Performance Rank
PXNIX
SPY
PXNIX vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Pax International Sustainable Economy Fund Institutional Class (PXNIX) and SPDR S&P 500 ETF (SPY). 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.
Dividends
PXNIX vs. SPY - Dividend Comparison
PXNIX's dividend yield for the trailing twelve months is around 2.42%, more than SPY's 1.27% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PXNIX Pax International Sustainable Economy Fund Institutional Class | 2.42% | 2.76% | 2.38% | 2.64% | 2.41% | 1.81% | 2.58% | 2.85% | 2.55% | 2.73% | 2.04% | 3.87% |
SPY SPDR S&P 500 ETF | 1.27% | 1.21% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% |
Drawdowns
PXNIX vs. SPY - Drawdown Comparison
The maximum PXNIX drawdown since its inception was -54.03%, roughly equal to the maximum SPY drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for PXNIX and SPY. For additional features, visit the drawdowns tool.
Volatility
PXNIX vs. SPY - Volatility Comparison
The current volatility for Pax International Sustainable Economy Fund Institutional Class (PXNIX) is 3.89%, while SPDR S&P 500 ETF (SPY) has a volatility of 7.48%. This indicates that PXNIX experiences smaller price fluctuations and is considered to be less risky than SPY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.