PXWEX vs. OBEGX
PXWEX (Impax Global Women’s Leadership Fund Investor Class) and OBEGX (Oberweis Global Opportunities Fund) are both Global Equities funds. Over the past 10 years, PXWEX returned 10.55%/yr vs 11.07%/yr for OBEGX. Their 0.74 correlation means they have sometimes moved together and sometimes differently. PXWEX charges 0.77%/yr vs 1.51%/yr for OBEGX.
Performance
PXWEX vs. OBEGX - Performance Comparison
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Returns By Period
In the year-to-date period, PXWEX achieves a 12.66% return, which is significantly lower than OBEGX's 22.61% return. Both investments have delivered pretty close results over the past 10 years, with PXWEX having a 10.55% annualized return and OBEGX not far ahead at 11.07%.
PXWEX
- 1D
- 0.86%
- 1M
- 3.29%
- 6M
- 11.69%
- YTD
- 12.66%
- 1Y
- 22.10%
- 3Y*
- 16.72%
- 5Y*
- 7.46%
- 10Y*
- 10.55%
- ALL TIME*
- 6.46%
OBEGX
- 1D
- 2.50%
- 1M
- -2.03%
- 6M
- 21.04%
- YTD
- 22.61%
- 1Y
- 30.34%
- 3Y*
- 17.37%
- 5Y*
- 5.03%
- 10Y*
- 11.07%
- ALL TIME*
- 6.13%
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 |
PXWEX vs. OBEGX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
PXWEX Impax Global Women’s Leadership Fund Investor Class | 12.66% | 17.41% | 12.15% | 18.14% | -19.99% | 17.28% | 13.67% | 26.44% | -7.78% | 24.87% |
OBEGX Oberweis Global Opportunities Fund | 22.61% | 19.32% | 10.72% | 6.40% | -26.76% | 20.80% | 55.68% | 25.67% | -25.62% | 33.35% |
Correlation
The correlation between PXWEX and OBEGX is 0.70, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.70 |
Correlation (3Y) Balances recent behavior with more history. | 0.74 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.79 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.77 |
Correlation (All Time) Calculated using the full available price history since Oct 18, 1993 | 0.74 |
The correlation between PXWEX and OBEGX has been stable across timeframes, ranging from 0.70 to 0.79 - a consistent structural relationship.
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Return for Risk
PXWEX vs. OBEGX — Risk / Return Rank
PXWEX
OBEGX
PXWEX vs. OBEGX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Impax Global Women’s Leadership Fund Investor Class (PXWEX) and Oberweis Global Opportunities Fund (OBEGX). 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.
| PXWEX | OBEGX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.49 | ||
| Sortino ratioReturn per unit of downside risk | +0.65 | ||
| Omega ratioGain probability vs. loss probability | 1.34 | 1.24 | +0.09 |
| Calmar ratioReturn relative to maximum drawdown | 2.49 | 2.73 | -0.24 |
| Martin ratioReturn relative to average drawdown | 10.78 | 8.64 | +2.15 |
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Drawdowns
PXWEX vs. OBEGX - Drawdown Comparison
The maximum PXWEX drawdown since its inception was -53.70%, smaller than the maximum OBEGX drawdown of -83.07%. Use the drawdown chart below to compare losses from any high point for PXWEX and OBEGX.
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Drawdown Indicators
| PXWEX | OBEGX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -53.70% | -83.07% | +29.37% |
Max Drawdown (1Y)Largest decline over 1 year | -9.60% | -11.92% | +2.32% |
Max Drawdown (3Y)Largest decline over 3 years | -18.31% | -25.41% | +7.10% |
Max Drawdown (5Y)Largest decline over 5 years | -29.67% | -39.68% | +10.01% |
Max Drawdown (10Y)Largest decline over 10 years | -34.47% | -41.54% | +7.07% |
Current DrawdownCurrent decline from peak | 0.00% | -6.77% | +6.77% |
Average DrawdownAverage peak-to-trough decline | -9.75% | -33.59% | +23.84% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.21% | 3.76% | -1.55% |
Volatility
PXWEX vs. OBEGX - Volatility Comparison
The current volatility for Impax Global Women’s Leadership Fund Investor Class (PXWEX) is 3.26%, while Oberweis Global Opportunities Fund (OBEGX) has a volatility of 8.02%. This indicates that PXWEX experiences smaller price fluctuations and is considered to be less risky than OBEGX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PXWEX | OBEGX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.26% | 8.02% | -4.76% |
Volatility (6M)Calculated over the trailing 6-month period | 10.29% | 19.17% | -8.88% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.56% | 23.00% | -10.44% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.13% | 23.59% | -7.46% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.87% | 22.77% | -5.90% |
PXWEX vs. OBEGX - Expense Ratio Comparison
PXWEX has a 0.77% expense ratio, which is lower than OBEGX's 1.51% expense ratio.
Dividends
PXWEX vs. OBEGX - Dividend Comparison
PXWEX's dividend yield for the trailing twelve months is around 8.70%, less than OBEGX's 10.32% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
OBEGX Oberweis Global Opportunities Fund | 10.32% | 12.66% | 0.00% | 0.00% | 2.64% | 25.09% | 5.80% | 0.00% | 6.68% | 13.37% | 1.12% | 14.32% |
PXWEX Impax Global Women’s Leadership Fund Investor Class | 8.70% | 9.83% | 9.47% | 1.60% | 3.12% | 1.21% | 1.04% | 3.03% | 4.90% | 2.49% | 1.80% | 2.41% |
Frequently Asked Questions
PXWEX and OBEGX have a correlation of 0.70, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
OBEGX has higher volatility (8.02%) compared to PXWEX (3.26%). In terms of maximum drawdown, PXWEX dropped -53.70% vs OBEGX's -83.07%.
PXWEX currently has the higher Sharpe Ratio (1.91 vs 1.42), 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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