PXWIX vs. PXWGX

Last updated Aug 1, 2026

PXWIX (Pax Ellevate Global Women’s Leadership Fund Institutional Class) and PXWGX (Pax U.S. Sustainable Economy Fund) are both mutual funds - PXWIX is a ESG fund managed by Pax World, while PXWGX is a Large Cap Blend Equities fund managed by Pax World. Over the past 10 years, PXWIX returned 10.74%/yr vs 13.44%/yr for PXWGX. Their correlation of 0.94 means they have usually moved in the same direction. PXWIX charges 0.51%/yr vs 0.70%/yr for PXWGX.

Performance

PXWIX vs. PXWGX - 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 Pax U.S. Sustainable Economy Fund (PXWGX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, PXWIX achieves a 11.88% return, which is significantly higher than PXWGX's 11.23% return. Over the past 10 years, PXWIX has underperformed PXWGX with an annualized return of 10.74%, while PXWGX has yielded a comparatively higher 13.44% annualized return.

PXWIX

• 1D: 1.71%
• 1M: 2.43%
• 6M: 10.77%
• YTD: 11.88%
• 1Y: 23.10%
• 3Y*: 15.84%
• 5Y*: 7.64%
• 10Y*: 10.74%
• ALL TIME*: 6.95%

PXWGX

• 1D: 1.57%
• 1M: -0.39%
• 6M: 9.69%
• YTD: 11.23%
• 1Y: 23.93%
• 3Y*: 17.66%
• 5Y*: 11.38%
• 10Y*: 13.44%
• ALL TIME*: 7.89%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
PXWGX Pax U.S. Sustainable Economy Fund	$0.00	$0.00	$0.00
PXWIX Pax Ellevate Global Women’s Leadership Fund Institutional Class	$0.00	$0.00	$0.00

PXWIX vs. PXWGX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
PXWIX Pax Ellevate Global Women’s Leadership Fund Institutional Class	11.88%	17.72%	12.41%	18.41%	-19.77%	17.58%	13.94%	26.80%	-7.55%	25.15%
PXWGX Pax U.S. Sustainable Economy Fund	11.23%	15.75%	20.64%	24.46%	-18.33%	30.27%	13.35%	27.16%	-4.54%	21.89%

Correlation

The correlation between PXWIX and PXWGX is 0.93, meaning they have usually moved in the same direction, including during past declines.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.93
Correlation (3Y) Balances recent behavior with more history.	0.94
Correlation (5Y) Shows whether the relationship held over a longer period.	0.95
Correlation (10Y) Provides a long-term view across more market conditions.	0.94
Correlation (All Time) Calculated using the full available price history since Jan 3, 2007	0.94

The correlation between PXWIX and PXWGX has been stable across timeframes, ranging from 0.93 to 0.95 - a consistent structural relationship.

Return for Risk

PXWIX vs. PXWGX — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

PXWIX

PXWIX Risk / Return Rank: 68
PXWIX Sharpe Ratio Rank: 69
PXWIX Sortino Ratio Rank: 67
PXWIX Omega Ratio Rank: 65
PXWIX Calmar Ratio Rank: 64
PXWIX Martin Ratio Rank: 76

PXWGX

PXWGX Risk / Return Rank: 69
PXWGX Sharpe Ratio Rank: 68
PXWGX Sortino Ratio Rank: 64
PXWGX Omega Ratio Rank: 62
PXWGX Calmar Ratio Rank: 71
PXWGX Martin Ratio Rank: 79

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

PXWIX vs. PXWGX - 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 Pax U.S. Sustainable Economy Fund (PXWGX). 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	PXWGX	Difference
Sharpe ratio: Return per unit of total volatility	1.63	1.60	+0.03
Sortino ratio: Return per unit of downside risk	2.30	2.21	+0.09
Omega ratio: Gain probability vs. loss probability	1.29	1.28	+0.01
Calmar ratio: Return relative to maximum drawdown	2.15	2.31	-0.16
Martin ratio: Return relative to average drawdown	9.32	9.65	-0.33

PXWIX vs. PXWGX - Sharpe Ratio Comparison

The current PXWIX Sharpe Ratio is 1.63, which is comparable to the PXWGX Sharpe Ratio of 1.60. The chart below compares the historical Sharpe Ratios of PXWIX and PXWGX, 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. PXWGX - Drawdown Comparison

The maximum PXWIX drawdown since its inception was -53.56%, smaller than the maximum PXWGX drawdown of -57.59%. Use the drawdown chart below to compare losses from any high point for PXWIX and PXWGX.

Drawdown Indicators

	PXWIX	PXWGX	Difference
Max Drawdown Largest peak-to-trough decline	-53.56%	-57.59%	+4.03%
Max Drawdown (1Y) Largest decline over 1 year	-9.55%	-9.25%	-0.30%
Max Drawdown (3Y) Largest decline over 3 years	-18.31%	-26.98%	+8.67%
Max Drawdown (5Y) Largest decline over 5 years	-29.52%	-26.98%	-2.54%
Max Drawdown (10Y) Largest decline over 10 years	-34.47%	-33.81%	-0.66%
Current Drawdown Current decline from peak	0.00%	-1.84%	+1.84%
Average Drawdown Average peak-to-trough decline	-9.74%	-14.48%	+4.74%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.21%	2.22%	-0.01%

Volatility

PXWIX vs. PXWGX - Volatility Comparison

Pax Ellevate Global Women’s Leadership Fund Institutional Class (PXWIX) and Pax U.S. Sustainable Economy Fund (PXWGX) have volatilities of 3.31% and 3.48%, 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	PXWGX	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.31%	3.48%	-0.17%
Volatility (6M) Calculated over the trailing 6-month period	10.26%	10.50%	-0.24%
Volatility (1Y) Calculated over the trailing 1-year period	12.60%	13.39%	-0.79%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.14%	18.94%	-2.80%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.88%	18.57%	-1.69%

PXWIX vs. PXWGX - Expense Ratio Comparison

PXWIX has a 0.51% expense ratio, which is lower than PXWGX's 0.70% expense ratio.

Dividends

PXWIX vs. PXWGX - Dividend Comparison

PXWIX's dividend yield for the trailing twelve months is around 8.91%, more than PXWGX's 4.93% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
PXWGX Pax U.S. Sustainable Economy Fund	4.93%	5.39%	16.28%	5.95%	7.66%	21.85%	1.92%	3.36%	7.95%	4.53%	10.42%	6.37%
PXWIX Pax Ellevate Global Women’s Leadership Fund Institutional Class	8.91%	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 PXWGX in my portfolio?

With a correlation of 0.93, PXWIX and PXWGX move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which is riskier, PXWIX or PXWGX?

PXWGX has higher volatility (3.48%) compared to PXWIX (3.31%). In terms of maximum drawdown, PXWIX dropped -53.56% vs PXWGX's -57.59%.

Which has better risk-adjusted returns?

PXWIX currently has the higher Sharpe Ratio (1.63 vs 1.60), 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.