PXWGX vs. PAXLX

Last updated Jun 26, 2026

PXWGX (Pax U.S. Sustainable Economy Fund) and PAXLX (PAX LARGE CAP FUND) are both Large Cap Blend Equities funds from Pax World. Over the past 5 years, PXWGX returned 11.93%/yr vs 6.02%/yr for PAXLX. With a 0.96 correlation, they move nearly in lockstep. PXWGX charges 0.70%/yr vs 0.97%/yr for PAXLX.

Performance

PXWGX vs. PAXLX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Pax U.S. Sustainable Economy Fund (PXWGX) and PAX LARGE CAP FUND (PAXLX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, PXWGX achieves a 9.90% return, which is significantly higher than PAXLX's -0.68% return.

PXWGX

• 1D: -0.04%
• 1M: -0.97%
• YTD: 9.90%
• 6M: 8.67%
• 1Y: 25.03%
• 3Y*: 19.37%
• 5Y*: 11.93%
• 10Y*: 14.04%

PAXLX

• 1D: 0.74%
• 1M: -3.06%
• YTD: -0.68%
• 6M: -1.75%
• 1Y: 7.68%
• 3Y*: 11.96%
• 5Y*: 6.02%
• 10Y*: —

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

PXWGX vs. PAXLX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
PXWGX Pax U.S. Sustainable Economy Fund	9.90%	15.75%	20.64%	24.46%	-18.33%	30.27%	13.35%	27.16%	-4.54%	21.89%
PAXLX PAX LARGE CAP FUND	-0.68%	12.17%	13.96%	19.96%	-20.01%	30.64%	23.75%	34.88%	-5.38%	20.69%

Correlation

The correlation between PXWGX and PAXLX is 0.89, 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	0.89
Correlation (3Y) Calculated over the trailing 3-year period	0.94
Correlation (5Y) Calculated over the trailing 5-year period	0.96
Correlation (All Time) Calculated using the full available price history since Dec 16, 2016	0.96

The correlation between PXWGX and PAXLX has been stable across timeframes, ranging from 0.89 to 0.96 - a consistent structural relationship.

Return for Risk

PXWGX vs. PAXLX — Risk / Return Rank

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

PXWGX

PXWGX Risk / Return Rank: 64
PXWGX Sharpe Ratio Rank: 64
PXWGX Sortino Ratio Rank: 59
PXWGX Omega Ratio Rank: 57
PXWGX Calmar Ratio Rank: 68
PXWGX Martin Ratio Rank: 74

PAXLX

PAXLX Risk / Return Rank: 10
PAXLX Sharpe Ratio Rank: 10
PAXLX Sortino Ratio Rank: 10
PAXLX Omega Ratio Rank: 10
PAXLX Calmar Ratio Rank: 9
PAXLX Martin Ratio Rank: 10

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.

PXWGX vs. PAXLX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Pax U.S. Sustainable Economy Fund (PXWGX) and PAX LARGE CAP FUND (PAXLX). 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.

	PXWGX	PAXLX	Difference
Sharpe ratio: Return per unit of total volatility	1.93	0.65	+1.27
Sortino ratio: Return per unit of downside risk	2.62	0.96	+1.66
Omega ratio: Gain probability vs. loss probability	1.34	1.12	+0.22
Calmar ratio: Return relative to maximum drawdown	2.72	0.62	+2.10
Martin ratio: Return relative to average drawdown	11.56	2.17	+9.40

PXWGX vs. PAXLX - Sharpe Ratio Comparison

The current PXWGX Sharpe Ratio is 1.93, which is higher than the PAXLX Sharpe Ratio of 0.65. The chart below compares the historical Sharpe Ratios of PXWGX and PAXLX, 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

PXWGX vs. PAXLX - Drawdown Comparison

The maximum PXWGX drawdown since its inception was -57.59%, which is greater than PAXLX's maximum drawdown of -32.73%. Use the drawdown chart below to compare losses from any high point for PXWGX and PAXLX.

Drawdown Indicators

	PXWGX	PAXLX	Difference
Max Drawdown Largest peak-to-trough decline	-57.59%	-32.73%	-24.86%
Max Drawdown (1Y) Largest decline over 1 year	-9.25%	-13.12%	+3.87%
Max Drawdown (3Y) Largest decline over 3 years	-26.98%	-28.48%	+1.50%
Max Drawdown (5Y) Largest decline over 5 years	-26.98%	-28.48%	+1.50%
Max Drawdown (10Y) Largest decline over 10 years	-33.81%	—	—
Current Drawdown Current decline from peak	-3.02%	-5.16%	+2.14%
Average Drawdown Average peak-to-trough decline	-14.52%	-6.18%	-8.34%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.17%	3.74%	-1.57%

Volatility

PXWGX vs. PAXLX - Volatility Comparison

Pax U.S. Sustainable Economy Fund (PXWGX) and PAX LARGE CAP FUND (PAXLX) have volatilities of 5.15% and 5.03%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	PXWGX	PAXLX	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.15%	5.03%	+0.12%
Volatility (6M) Calculated over the trailing 6-month period	10.39%	9.94%	+0.45%
Volatility (1Y) Calculated over the trailing 1-year period	13.12%	12.50%	+0.62%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.93%	19.60%	-0.67%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.58%	19.56%	-0.98%

PXWGX vs. PAXLX - Expense Ratio Comparison

PXWGX has a 0.70% expense ratio, which is lower than PAXLX's 0.97% expense ratio.

Dividends

PXWGX vs. PAXLX - Dividend Comparison

PXWGX's dividend yield for the trailing twelve months is around 4.99%, less than PAXLX's 29.76% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
PAXLX PAX LARGE CAP FUND	29.76%	29.38%	18.38%	4.28%	2.92%	5.80%	6.67%	3.49%	25.45%	13.18%	0.07%	0.00%
PXWGX Pax U.S. Sustainable Economy Fund	4.99%	5.39%	16.28%	5.95%	7.66%	21.85%	1.92%	3.36%	7.95%	4.53%	10.42%	6.37%

Frequently Asked Questions

Can I hold both PXWGX and PAXLX in my portfolio?

PXWGX and PAXLX have a correlation of 0.89, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, PXWGX or PAXLX?

PXWGX has higher volatility (5.15%) compared to PAXLX (5.03%). In terms of maximum drawdown, PXWGX dropped -57.59% vs PAXLX's -32.73%.

Which has better risk-adjusted returns?

PXWGX currently has the higher Sharpe Ratio (1.93 vs 0.65), 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.