Correlation
The correlation between PXWIX and SPY is 0.95, 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.
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.
Performance
PXWIX vs. SPY - Performance Comparison
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Key characteristics
PXWIX:
0.82
SPY:
0.70
PXWIX:
1.17
SPY:
1.02
PXWIX:
1.17
SPY:
1.15
PXWIX:
0.77
SPY:
0.68
PXWIX:
3.32
SPY:
2.57
PXWIX:
3.85%
SPY:
4.93%
PXWIX:
16.94%
SPY:
20.42%
PXWIX:
-58.61%
SPY:
-55.19%
PXWIX:
-0.38%
SPY:
-3.55%
Returns By Period
In the year-to-date period, PXWIX achieves a 4.01% return, which is significantly higher than SPY's 0.87% return. Over the past 10 years, PXWIX has underperformed SPY with an annualized return of 8.39%, while SPY has yielded a comparatively higher 12.73% annualized return.
PXWIX
4.01%
5.85%
2.39%
12.79%
9.27%
10.04%
8.39%
SPY
0.87%
5.54%
-1.56%
13.18%
14.25%
15.81%
12.73%
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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 Rank
PXWIX
SPY
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.
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Dividends
PXWIX vs. SPY - Dividend Comparison
PXWIX's dividend yield for the trailing twelve months is around 9.27%, more than SPY's 1.22% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PXWIX Pax Ellevate Global Women’s Leadership Fund Institutional Class | 9.27% | 9.64% | 1.69% | 3.24% | 1.44% | 1.25% | 3.24% | 5.15% | 2.71% | 2.04% | 2.68% | 13.27% |
SPY SPDR S&P 500 ETF | 1.22% | 1.21% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% |
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.
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Volatility
PXWIX vs. SPY - Volatility Comparison
The current volatility for Pax Ellevate Global Women’s Leadership Fund Institutional Class (PXWIX) is 3.97%, while SPDR S&P 500 ETF (SPY) has a volatility of 4.86%. 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.
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