PXWIX vs. GSIFX

Last updated Jun 24, 2026

PXWIX (Pax Ellevate Global Women’s Leadership Fund Institutional Class) and GSIFX (Goldman Sachs International Equity ESG Fund Class A) are both mutual funds - PXWIX is a ESG fund managed by Pax World Funds, while GSIFX is a Foreign Large Cap Equities fund managed by Goldman Sachs. Over the past 10 years, PXWIX returned 11.11%/yr vs 10.29%/yr for GSIFX. Their correlation of 0.86 suggests significant overlap in exposure. PXWIX charges 0.51%/yr vs 1.35%/yr for GSIFX.

Performance

PXWIX vs. GSIFX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Pax Ellevate Global Women’s Leadership Fund Institutional Class (PXWIX) and Goldman Sachs International Equity ESG Fund Class A (GSIFX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, PXWIX achieves a 8.27% return, which is significantly higher than GSIFX's 7.73% return. Over the past 10 years, PXWIX has outperformed GSIFX with an annualized return of 11.11%, while GSIFX has yielded a comparatively lower 10.29% annualized return.

PXWIX

• 1D: -1.28%
• 1M: -0.53%
• YTD: 8.27%
• 6M: 7.57%
• 1Y: 21.88%
• 3Y*: 15.96%
• 5Y*: 7.45%
• 10Y*: 11.11%

GSIFX

• 1D: -0.03%
• 1M: 1.62%
• YTD: 7.73%
• 6M: 7.20%
• 1Y: 15.61%
• 3Y*: 12.26%
• 5Y*: 6.62%
• 10Y*: 10.29%

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

PXWIX vs. GSIFX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
PXWIX Pax Ellevate Global Women’s Leadership Fund Institutional Class	8.27%	17.72%	12.41%	18.41%	-19.77%	17.58%	13.94%	26.80%	-7.55%	25.15%
GSIFX Goldman Sachs International Equity ESG Fund Class A	7.73%	25.51%	0.33%	15.44%	-17.69%	16.23%	22.89%	27.68%	-14.85%	25.29%

Correlation

The correlation between PXWIX and GSIFX is 0.83, 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	0.83
Correlation (3Y) Calculated over the trailing 3-year period	0.79
Correlation (5Y) Calculated over the trailing 5-year period	0.83
Correlation (10Y) Calculated over the trailing 10-year period	0.84
Correlation (All Time) Calculated using the full available price history since Jan 3, 2007	0.86

The correlation between PXWIX and GSIFX has been stable across timeframes, ranging from 0.79 to 0.86 - a consistent structural relationship.

Return for Risk

PXWIX vs. GSIFX — Risk / Return Rank

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

PXWIX

PXWIX Risk / Return Rank: 46
PXWIX Sharpe Ratio Rank: 45
PXWIX Sortino Ratio Rank: 43
PXWIX Omega Ratio Rank: 42
PXWIX Calmar Ratio Rank: 43
PXWIX Martin Ratio Rank: 54

GSIFX

GSIFX Risk / Return Rank: 18
GSIFX Sharpe Ratio Rank: 17
GSIFX Sortino Ratio Rank: 17
GSIFX Omega Ratio Rank: 16
GSIFX Calmar Ratio Rank: 18
GSIFX Martin Ratio Rank: 24

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.

PXWIX vs. GSIFX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Pax Ellevate Global Women’s Leadership Fund Institutional Class (PXWIX) and Goldman Sachs International Equity ESG Fund Class A (GSIFX). 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.

	PXWIX	GSIFX	Difference
Sharpe ratio: Return per unit of total volatility	1.83	1.08	+0.74
Sortino ratio: Return per unit of downside risk	2.53	1.58	+0.95
Omega ratio: Gain probability vs. loss probability	1.32	1.19	+0.13
Calmar ratio: Return relative to maximum drawdown	2.39	1.40	+0.99
Martin ratio: Return relative to average drawdown	10.38	5.36	+5.02

PXWIX vs. GSIFX - Sharpe Ratio Comparison

The current PXWIX Sharpe Ratio is 1.83, which is higher than the GSIFX Sharpe Ratio of 1.08. The chart below compares the historical Sharpe Ratios of PXWIX and GSIFX, 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

PXWIX vs. GSIFX - Drawdown Comparison

The maximum PXWIX drawdown since its inception was -53.56%, smaller than the maximum GSIFX drawdown of -59.25%. Use the drawdown chart below to compare losses from any high point for PXWIX and GSIFX.

Drawdown Indicators

	PXWIX	GSIFX	Difference
Max Drawdown Largest peak-to-trough decline	-53.56%	-59.25%	+5.69%
Max Drawdown (1Y) Largest decline over 1 year	-9.55%	-12.15%	+2.60%
Max Drawdown (3Y) Largest decline over 3 years	-18.31%	-13.83%	-4.48%
Max Drawdown (5Y) Largest decline over 5 years	-29.52%	-31.94%	+2.42%
Max Drawdown (10Y) Largest decline over 10 years	-34.47%	-35.00%	+0.53%
Current Drawdown Current decline from peak	-2.37%	-0.03%	-2.34%
Average Drawdown Average peak-to-trough decline	-9.79%	-15.21%	+5.42%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.20%	3.17%	-0.97%

Volatility

PXWIX vs. GSIFX - Volatility Comparison

Pax Ellevate Global Women’s Leadership Fund Institutional Class (PXWIX) and Goldman Sachs International Equity ESG Fund Class A (GSIFX) have volatilities of 4.37% and 4.27%, 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

	PXWIX	GSIFX	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.37%	4.27%	+0.10%
Volatility (6M) Calculated over the trailing 6-month period	10.25%	12.82%	-2.57%
Volatility (1Y) Calculated over the trailing 1-year period	12.53%	15.77%	-3.24%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.15%	16.98%	-0.83%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.00%	17.36%	-0.36%

PXWIX vs. GSIFX - Expense Ratio Comparison

PXWIX has a 0.51% expense ratio, which is lower than GSIFX's 1.35% expense ratio.

Dividends

PXWIX vs. GSIFX - Dividend Comparison

PXWIX's dividend yield for the trailing twelve months is around 8.25%, more than GSIFX's 2.03% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
GSIFX Goldman Sachs International Equity ESG Fund Class A	2.03%	2.18%	2.30%	1.37%	0.82%	6.29%	0.00%	1.67%	1.45%	1.25%	2.79%	1.16%
PXWIX Pax Ellevate Global Women’s Leadership Fund Institutional Class	8.25%	9.98%	9.64%	1.69%	3.24%	1.44%	1.25%	3.24%	5.15%	2.71%	2.04%	2.68%

Frequently Asked Questions

Can I hold both PXWIX and GSIFX in my portfolio?

PXWIX and GSIFX have a correlation of 0.83, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, PXWIX or GSIFX?

PXWIX has higher volatility (4.37%) compared to GSIFX (4.27%). In terms of maximum drawdown, PXWIX dropped -53.56% vs GSIFX's -59.25%.

Which has better risk-adjusted returns?

PXWIX currently has the higher Sharpe Ratio (1.83 vs 1.08), 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.