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 | 12.60% | 26.01% |
| 1Y Return | 21.10% | 33.73% |
| 3Y Return (Ann) | 0.86% | 9.91% |
| 5Y Return (Ann) | 7.49% | 15.54% |
| 10Y Return (Ann) | 6.34% | 13.25% |
| Sharpe Ratio | 1.96 | 2.82 |
| Sortino Ratio | 2.68 | 3.76 |
| Omega Ratio | 1.36 | 1.53 |
| Calmar Ratio | 1.37 | 4.05 |
| Martin Ratio | 10.87 | 18.33 |
| Ulcer Index | 1.96% | 1.86% |
| Daily Std Dev | 10.89% | 12.07% |
| Max Drawdown | -58.61% | -55.19% |
| Current Drawdown | -1.07% | -0.90% |
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 12.60% return, which is significantly lower than SPY's 26.01% return. Over the past 10 years, PXWIX has underperformed SPY with an annualized return of 6.34%, while SPY has yielded a comparatively higher 13.25% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
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 1.89%, more than SPY's 1.18% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PXWIX Pax Ellevate Global Women’s Leadership Fund Institutional Class | 1.89% | 1.69% | 1.00% | 1.44% | 1.25% | 1.85% | 2.25% | 1.68% | 2.04% | 1.87% | 2.47% | 0.98% |
SPY SPDR S&P 500 ETF | 1.18% | 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 3.26%, while SPDR S&P 500 ETF (SPY) has a volatility of 3.84%. 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.