PXWEX vs. SSGLX
Compare and contrast key facts about Pax Ellevate Global Women’s Leadership Fund (PXWEX) and State Street Global All Cap Equity ex-U.S. Index Fund Class K (SSGLX).
PXWEX is managed by Impax Asset Management. It was launched on Sep 30, 1993. SSGLX is a passively managed fund by State Street that tracks the performance of the MSCI ACWI ex USA Investable Market Index. It was launched on Sep 17, 2014.
Performance
PXWEX vs. SSGLX - Performance Comparison
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PXWEX vs. SSGLX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
PXWEX Pax Ellevate Global Women’s Leadership Fund | -7.00% | 17.41% | 12.15% | 18.14% | -19.99% | 17.28% | 13.67% | 26.44% | -7.78% | 24.87% |
SSGLX State Street Global All Cap Equity ex-U.S. Index Fund Class K | -0.64% | 32.64% | 4.98% | 15.67% | -16.44% | 8.36% | 11.11% | 21.52% | -14.05% | 27.12% |
Returns By Period
In the year-to-date period, PXWEX achieves a -7.00% return, which is significantly lower than SSGLX's -0.64% return. Both investments have delivered pretty close results over the past 10 years, with PXWEX having a 8.82% annualized return and SSGLX not far behind at 8.58%.
PXWEX
- 1D
- 0.12%
- 1M
- -8.32%
- YTD
- -7.00%
- 6M
- -2.68%
- 1Y
- 12.67%
- 3Y*
- 10.70%
- 5Y*
- 5.44%
- 10Y*
- 8.82%
SSGLX
- 1D
- 0.39%
- 1M
- -10.87%
- YTD
- -0.64%
- 6M
- 4.10%
- 1Y
- 24.88%
- 3Y*
- 14.40%
- 5Y*
- 6.92%
- 10Y*
- 8.58%
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PXWEX vs. SSGLX - Expense Ratio Comparison
PXWEX has a 0.77% expense ratio, which is higher than SSGLX's 0.07% expense ratio.
Return for Risk
PXWEX vs. SSGLX — Risk / Return Rank
PXWEX
SSGLX
PXWEX vs. SSGLX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Pax Ellevate Global Women’s Leadership Fund (PXWEX) and State Street Global All Cap Equity ex-U.S. Index Fund Class K (SSGLX). 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.
| PXWEX | SSGLX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.80 | 1.56 | -0.76 |
Sortino ratioReturn per unit of downside risk | 1.22 | 2.12 | -0.90 |
Omega ratioGain probability vs. loss probability | 1.17 | 1.32 | -0.15 |
Calmar ratioReturn relative to maximum drawdown | 1.00 | 2.00 | -1.00 |
Martin ratioReturn relative to average drawdown | 4.50 | 7.90 | -3.40 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| PXWEX | SSGLX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.80 | 1.56 | -0.76 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.34 | 0.48 | -0.14 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.52 | 0.53 | -0.01 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.33 | 0.37 | -0.04 |
Correlation
The correlation between PXWEX and SSGLX is 0.79, 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.
Dividends
PXWEX vs. SSGLX - Dividend Comparison
PXWEX's dividend yield for the trailing twelve months is around 10.57%, more than SSGLX's 4.44% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PXWEX Pax Ellevate Global Women’s Leadership Fund | 10.57% | 9.83% | 9.47% | 1.60% | 3.12% | 1.21% | 1.04% | 3.03% | 4.90% | 2.49% | 1.80% | 2.41% |
SSGLX State Street Global All Cap Equity ex-U.S. Index Fund Class K | 4.44% | 4.41% | 4.46% | 2.98% | 2.85% | 4.20% | 1.72% | 4.80% | 8.32% | 3.98% | 1.52% | 2.09% |
Drawdowns
PXWEX vs. SSGLX - Drawdown Comparison
The maximum PXWEX drawdown since its inception was -53.70%, which is greater than SSGLX's maximum drawdown of -35.88%. Use the drawdown chart below to compare losses from any high point for PXWEX and SSGLX.
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Drawdown Indicators
| PXWEX | SSGLX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -53.70% | -35.88% | -17.82% |
Max Drawdown (1Y)Largest decline over 1 year | -11.19% | -11.22% | +0.03% |
Max Drawdown (5Y)Largest decline over 5 years | -29.67% | -30.08% | +0.41% |
Max Drawdown (10Y)Largest decline over 10 years | -34.47% | -35.88% | +1.41% |
Current DrawdownCurrent decline from peak | -9.48% | -10.87% | +1.39% |
Average DrawdownAverage peak-to-trough decline | -9.84% | -8.32% | -1.52% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.48% | 2.84% | -0.36% |
Volatility
PXWEX vs. SSGLX - Volatility Comparison
The current volatility for Pax Ellevate Global Women’s Leadership Fund (PXWEX) is 4.55%, while State Street Global All Cap Equity ex-U.S. Index Fund Class K (SSGLX) has a volatility of 6.44%. This indicates that PXWEX experiences smaller price fluctuations and is considered to be less risky than SSGLX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PXWEX | SSGLX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.55% | 6.44% | -1.89% |
Volatility (6M)Calculated over the trailing 6-month period | 8.87% | 10.02% | -1.15% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.25% | 15.49% | +0.76% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.94% | 14.49% | +1.45% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.91% | 16.15% | +0.76% |