PXNIX vs. VESGX

Last updated Jun 24, 2026

PXNIX (Pax International Sustainable Economy Fund Institutional Class) and VESGX (Vanguard Global ESG Select Stock Fund Admiral Shares) are both mutual funds - PXNIX is a Large Cap Blend Equities fund managed by Pax World Funds, while VESGX is a ESG fund managed by Vanguard. Over the past 5 years, PXNIX returned 8.57%/yr vs 11.84%/yr for VESGX. Their correlation of 0.89 suggests significant overlap in exposure. PXNIX charges 0.47%/yr vs 0.46%/yr for VESGX.

Performance

PXNIX vs. VESGX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Pax International Sustainable Economy Fund Institutional Class (PXNIX) and Vanguard Global ESG Select Stock Fund Admiral Shares (VESGX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, PXNIX achieves a 9.01% return, which is significantly lower than VESGX's 12.36% 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%

VESGX

• 1D: 0.21%
• 1M: 4.64%
• YTD: 12.36%
• 6M: 11.57%
• 1Y: 18.46%
• 3Y*: 18.13%
• 5Y*: 11.84%
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

PXNIX vs. VESGX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
PXNIX Pax International Sustainable Economy Fund Institutional Class	9.01%	28.91%	5.03%	19.28%	-17.81%	11.23%	10.79%	10.56%
VESGX Vanguard Global ESG Select Stock Fund Admiral Shares	12.36%	15.26%	16.40%	19.61%	-10.76%	22.34%	19.43%	11.83%

Correlation

The correlation between PXNIX and VESGX is 0.85, 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	0.85
Correlation (3Y) Calculated over the trailing 3-year period	0.85
Correlation (5Y) Calculated over the trailing 5-year period	0.88
Correlation (All Time) Calculated using the full available price history since Jun 14, 2019	0.89

The correlation between PXNIX and VESGX has been stable across timeframes, ranging from 0.85 to 0.89 - a consistent structural relationship.

Return for Risk

PXNIX vs. VESGX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

PXNIX

PXNIX Risk / Return Rank: 28
PXNIX Sharpe Ratio Rank: 26
PXNIX Sortino Ratio Rank: 26
PXNIX Omega Ratio Rank: 26
PXNIX Calmar Ratio Rank: 29
PXNIX Martin Ratio Rank: 34

VESGX

VESGX Risk / Return Rank: 31
VESGX Sharpe Ratio Rank: 32
VESGX Sortino Ratio Rank: 31
VESGX Omega Ratio Rank: 29
VESGX Calmar Ratio Rank: 29
VESGX Martin Ratio Rank: 33

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

PXNIX vs. VESGX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Pax International Sustainable Economy Fund Institutional Class (PXNIX) and Vanguard Global ESG Select Stock Fund Admiral Shares (VESGX). 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	VESGX	Difference
Sharpe ratio: Return per unit of total volatility	1.36	1.51	-0.14
Sortino ratio: Return per unit of downside risk	1.97	2.17	-0.20
Omega ratio: Gain probability vs. loss probability	1.25	1.27	-0.02
Calmar ratio: Return relative to maximum drawdown	1.88	1.87	+0.01
Martin ratio: Return relative to average drawdown	7.24	7.10	+0.14

PXNIX vs. VESGX - Sharpe Ratio Comparison

The current PXNIX Sharpe Ratio is 1.36, which is comparable to the VESGX Sharpe Ratio of 1.51. The chart below compares the historical Sharpe Ratios of PXNIX and VESGX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

PXNIX vs. VESGX - Drawdown Comparison

The maximum PXNIX drawdown since its inception was -32.54%, which is greater than VESGX's maximum drawdown of -30.52%. Use the drawdown chart below to compare losses from any high point for PXNIX and VESGX.

Drawdown Indicators

	PXNIX	VESGX	Difference
Max Drawdown Largest peak-to-trough decline	-32.54%	-30.52%	-2.02%
Max Drawdown (1Y) Largest decline over 1 year	-11.58%	-10.79%	-0.79%
Max Drawdown (3Y) Largest decline over 3 years	-13.47%	-12.27%	-1.20%
Max Drawdown (5Y) Largest decline over 5 years	-32.54%	-23.70%	-8.84%
Max Drawdown (10Y) Largest decline over 10 years	-32.54%	—	—
Current Drawdown Current decline from peak	-1.26%	0.00%	-1.26%
Average Drawdown Average peak-to-trough decline	-6.68%	-4.03%	-2.65%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.01%	2.84%	+0.17%

Volatility

PXNIX vs. VESGX - Volatility Comparison

Pax International Sustainable Economy Fund Institutional Class (PXNIX) has a higher volatility of 4.95% compared to Vanguard Global ESG Select Stock Fund Admiral Shares (VESGX) at 4.59%. This indicates that PXNIX's price experiences larger fluctuations and is considered to be riskier than VESGX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	PXNIX	VESGX	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.95%	4.59%	+0.36%
Volatility (6M) Calculated over the trailing 6-month period	13.25%	10.84%	+2.41%
Volatility (1Y) Calculated over the trailing 1-year period	16.02%	13.43%	+2.59%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.24%	14.72%	+1.52%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.52%	17.33%	-0.81%

PXNIX vs. VESGX - Expense Ratio Comparison

PXNIX has a 0.47% expense ratio, which is higher than VESGX's 0.46% expense ratio.

Dividends

PXNIX vs. VESGX - Dividend Comparison

PXNIX's dividend yield for the trailing twelve months is around 5.12%, more than VESGX's 3.90% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
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%
VESGX Vanguard Global ESG Select Stock Fund Admiral Shares	3.90%	6.98%	5.05%	1.81%	2.24%	2.74%	1.06%	0.82%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both PXNIX and VESGX in my portfolio?

PXNIX and VESGX have a correlation of 0.85, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, PXNIX or VESGX?

PXNIX has higher volatility (4.95%) compared to VESGX (4.59%). In terms of maximum drawdown, PXNIX dropped -32.54% vs VESGX's -30.52%.

Which has better risk-adjusted returns?

VESGX currently has the higher Sharpe Ratio (1.51 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.