PXWIX vs. SPY
Compare and contrast key facts about Pax Ellevate Global Women’s Leadership Fund Institutional Class (PXWIX) and SPDR S&P 500 ETF (SPY).
PXWIX is managed by Pax World Funds. SPY is a passively managed fund by State Street that tracks the performance of the S&P 500 Index. It was launched on Jan 22, 1993.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: PXWIX or SPY.
Key characteristics
| PXWIX | SPY | |
|---|---|---|
| YTD Return | -0.22% | 5.94% |
| 1Y Return | 8.07% | 22.56% |
| 3Y Return (Ann) | 0.73% | 7.95% |
| 5Y Return (Ann) | 6.79% | 13.35% |
| 10Y Return (Ann) | 7.32% | 12.34% |
| Sharpe Ratio | 0.73 | 1.93 |
| Daily Std Dev | 10.76% | 11.63% |
| Max Drawdown | -58.61% | -55.19% |
| Current Drawdown | -7.31% | -4.05% |
Correlation
The correlation between PXWIX and SPY is 0.94, 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.
Performance
PXWIX vs. SPY - Performance Comparison
In the year-to-date period, PXWIX achieves a -0.22% return, which is significantly lower than SPY's 5.94% return. Over the past 10 years, PXWIX has underperformed SPY with an annualized return of 7.32%, while SPY has yielded a comparatively higher 12.34% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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PXWIX vs. SPY - Expense Ratio Comparison
PXWIX has a 0.51% expense ratio, which is higher than SPY's 0.09% expense ratio.
Risk-Adjusted Performance
PXWIX vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Pax Ellevate Global Women’s Leadership Fund Institutional Class (PXWIX) and SPDR S&P 500 ETF (SPY). 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.
Dividends
PXWIX vs. SPY - Dividend Comparison
PXWIX's dividend yield for the trailing twelve months is around 1.70%, more than SPY's 1.34% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PXWIX Pax Ellevate Global Women’s Leadership Fund Institutional Class | 1.70% | 1.69% | 3.24% | 1.44% | 1.25% | 3.24% | 5.15% | 2.71% | 2.04% | 2.68% | 13.26% | 0.98% |
SPY SPDR S&P 500 ETF | 1.34% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% | 1.81% |
Drawdowns
PXWIX vs. SPY - Drawdown Comparison
The maximum PXWIX drawdown since its inception was -58.61%, which is greater than SPY's maximum drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for PXWIX and SPY. For additional features, visit the drawdowns tool.
Volatility
PXWIX vs. SPY - Volatility Comparison
The current volatility for Pax Ellevate Global Women’s Leadership Fund Institutional Class (PXWIX) is 3.51%, while SPDR S&P 500 ETF (SPY) has a volatility of 3.91%. This indicates that PXWIX experiences smaller price fluctuations and is considered to be less risky than SPY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.