PXWIX vs. VEOIX
PXWIX (Pax Ellevate Global Women’s Leadership Fund Institutional Class) and VEOIX (Vanguard Global Environmental Opportunities Stock Fund Investor Shares) are both mutual funds - PXWIX is a ESG fund managed by Pax World Funds, while VEOIX is a Global Equities fund actively managed by Vanguard. Over the past 3 years, PXWIX returned 15.65%/yr vs 8.00%/yr for VEOIX. A 0.78 correlation means they provide meaningful diversification when combined. PXWIX charges 0.51%/yr vs 0.70%/yr for VEOIX.
Performance
PXWIX vs. VEOIX - Performance Comparison
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Returns By Period
In the year-to-date period, PXWIX achieves a 9.68% return, which is significantly lower than VEOIX's 13.45% return.
PXWIX
- 1D
- 0.71%
- 1M
- 0.76%
- YTD
- 9.68%
- 6M
- 9.36%
- 1Y
- 24.34%
- 3Y*
- 15.65%
- 5Y*
- 8.05%
- 10Y*
- 10.88%
VEOIX
- 1D
- 1.68%
- 1M
- 2.96%
- YTD
- 13.45%
- 6M
- 13.11%
- 1Y
- 23.91%
- 3Y*
- 8.00%
- 5Y*
- —
- 10Y*
- —
PXWIX vs. VEOIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
PXWIX Pax Ellevate Global Women’s Leadership Fund Institutional Class | 9.68% | 17.72% | 12.41% | 18.41% | -1.41% |
VEOIX Vanguard Global Environmental Opportunities Stock Fund Investor Shares | 13.45% | 16.46% | 0.32% | 6.03% | -2.49% |
Correlation
The correlation between PXWIX and VEOIX is 0.78, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.78 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.76 |
Correlation (All Time) Calculated using the full available price history since Nov 21, 2022 | 0.78 |
The correlation between PXWIX and VEOIX has been stable across timeframes, ranging from 0.76 to 0.78 - a consistent structural relationship.
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Return for Risk
PXWIX vs. VEOIX — Risk / Return Rank
PXWIX
VEOIX
PXWIX vs. VEOIX - 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 Vanguard Global Environmental Opportunities Stock Fund Investor Shares (VEOIX). 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 | VEOIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.36 | ||
| Sortino ratioReturn per unit of downside risk | +0.50 | ||
| Omega ratioGain probability vs. loss probability | 1.34 | 1.28 | +0.07 |
| Calmar ratioReturn relative to maximum drawdown | 2.51 | 2.42 | +0.10 |
| Martin ratioReturn relative to average drawdown | 10.94 | 8.08 | +2.86 |
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Drawdowns
PXWIX vs. VEOIX - Drawdown Comparison
The maximum PXWIX drawdown since its inception was -53.56%, which is greater than VEOIX's maximum drawdown of -21.56%. Use the drawdown chart below to compare losses from any high point for PXWIX and VEOIX.
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Drawdown Indicators
| PXWIX | VEOIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -53.56% | -21.56% | -32.00% |
Max Drawdown (1Y)Largest decline over 1 year | -9.55% | -9.73% | +0.18% |
Max Drawdown (3Y)Largest decline over 3 years | -18.31% | -21.56% | +3.25% |
Max Drawdown (5Y)Largest decline over 5 years | -29.52% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -34.47% | — | — |
Current DrawdownCurrent decline from peak | -1.11% | -0.53% | -0.58% |
Average DrawdownAverage peak-to-trough decline | -9.79% | -5.51% | -4.28% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.19% | 2.90% | -0.71% |
Volatility
PXWIX vs. VEOIX - Volatility Comparison
The current volatility for Pax Ellevate Global Women’s Leadership Fund Institutional Class (PXWIX) is 4.31%, while Vanguard Global Environmental Opportunities Stock Fund Investor Shares (VEOIX) has a volatility of 6.03%. This indicates that PXWIX experiences smaller price fluctuations and is considered to be less risky than VEOIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PXWIX | VEOIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.31% | 6.03% | -1.72% |
Volatility (6M)Calculated over the trailing 6-month period | 10.21% | 12.20% | -1.99% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.44% | 15.00% | -2.56% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.14% | 15.34% | +0.80% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.00% | 15.34% | +1.66% |
PXWIX vs. VEOIX - Expense Ratio Comparison
PXWIX has a 0.51% expense ratio, which is lower than VEOIX's 0.70% expense ratio.
Dividends
PXWIX vs. VEOIX - Dividend Comparison
PXWIX's dividend yield for the trailing twelve months is around 8.14%, more than VEOIX's 0.87% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PXWIX Pax Ellevate Global Women’s Leadership Fund Institutional Class | 8.14% | 9.98% | 9.64% | 1.69% | 3.24% | 1.44% | 1.25% | 3.24% | 5.15% | 2.71% | 2.04% | 2.68% |
VEOIX Vanguard Global Environmental Opportunities Stock Fund Investor Shares | 0.87% | 0.99% | 0.89% | 1.51% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
PXWIX and VEOIX have a correlation of 0.78, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
VEOIX has higher volatility (6.03%) compared to PXWIX (4.31%). In terms of maximum drawdown, PXWIX dropped -53.56% vs VEOIX's -21.56%.
PXWIX currently has the higher Sharpe Ratio (1.93 vs 1.57), 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.
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