PXWIX vs. VESGX

Last updated Jun 3, 2026

PXWIX (Pax Ellevate Global Women’s Leadership Fund Institutional Class) and VESGX (Vanguard Global ESG Select Stock Fund Admiral Shares) are both ESG funds. Over the past 5 years, PXWIX returned 8.07%/yr vs 11.07%/yr for VESGX. Their correlation of 0.92 suggests significant overlap in exposure. PXWIX charges 0.51%/yr vs 0.46%/yr for VESGX.

Performance

PXWIX vs. VESGX - 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 Vanguard Global ESG Select Stock Fund Admiral Shares (VESGX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

The year-to-date returns for both stocks are quite close, with PXWIX having a 10.59% return and VESGX slightly lower at 10.16%.

PXWIX

• 1D: 0.70%
• 1M: 4.72%
• YTD: 10.59%
• 6M: 12.72%
• 1Y: 24.59%
• 3Y*: 16.94%
• 5Y*: 8.07%
• 10Y*: 10.81%

VESGX

• 1D: 0.56%
• 1M: 5.31%
• YTD: 10.16%
• 6M: 12.00%
• 1Y: 15.67%
• 3Y*: 17.55%
• 5Y*: 11.07%
• 10Y*: —

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

PXWIX vs. VESGX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
PXWIX Pax Ellevate Global Women’s Leadership Fund Institutional Class	10.59%	17.72%	12.41%	18.41%	-19.77%	17.58%	13.94%	8.97%
VESGX Vanguard Global ESG Select Stock Fund Admiral Shares	10.16%	15.26%	16.40%	19.61%	-10.76%	22.34%	19.43%	11.83%

Correlation

The correlation between PXWIX and VESGX is 0.88, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.88
Correlation (3Y) Calculated over the trailing 3-year period	0.88
Correlation (5Y) Calculated over the trailing 5-year period	0.91
Correlation (All Time) Calculated using the full available price history since Jun 17, 2019	0.92

The correlation between PXWIX and VESGX has been stable across timeframes, ranging from 0.88 to 0.92 - a consistent structural relationship.

Return for Risk

PXWIX vs. VESGX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

PXWIX

PXWIX Risk / Return Rank: 50
PXWIX Sharpe Ratio Rank: 50
PXWIX Sortino Ratio Rank: 48
PXWIX Omega Ratio Rank: 47
PXWIX Calmar Ratio Rank: 48
PXWIX Martin Ratio Rank: 59

VESGX

VESGX Risk / Return Rank: 18
VESGX Sharpe Ratio Rank: 18
VESGX Sortino Ratio Rank: 18
VESGX Omega Ratio Rank: 17
VESGX Calmar Ratio Rank: 17
VESGX Martin Ratio Rank: 21

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

PXWIX vs. VESGX - 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 ESG Select Stock Fund Admiral Shares (VESGX). 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.

	PXWIX	VESGX	Difference
Sharpe ratio Return per unit of total volatility	2.10	1.26	+0.84
Sortino ratio Return per unit of downside risk	2.93	1.85	+1.08
Omega ratio Gain probability vs. loss probability	1.37	1.22	+0.15
Calmar ratio Return relative to maximum drawdown	2.67	1.53	+1.14
Martin ratio Return relative to average drawdown	11.81	5.76	+6.05
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

PXWIX vs. VESGX - Sharpe Ratio Comparison

The current PXWIX Sharpe Ratio is 2.10, which is higher than the VESGX Sharpe Ratio of 1.26. The chart below compares the historical Sharpe Ratios of PXWIX and VESGX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	PXWIX	VESGX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.10	1.26	+0.84
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.50	0.76	-0.26
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.64	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.36	0.85	-0.48

Drawdowns

PXWIX vs. VESGX - Drawdown Comparison

The maximum PXWIX drawdown since its inception was -53.56%, which is greater than VESGX's maximum drawdown of -30.52%. Use the drawdown chart below to compare losses from any high point for PXWIX and VESGX.

Drawdown Indicators

	PXWIX	VESGX	Difference
Max Drawdown Largest peak-to-trough decline	-53.56%	-30.52%	-23.04%
Max Drawdown (1Y) Largest decline over 1 year	-9.55%	-10.79%	+1.24%
Max Drawdown (3Y) Largest decline over 3 years	-18.31%	-12.27%	-6.04%
Max Drawdown (5Y) Largest decline over 5 years	-29.52%	-23.70%	-5.82%
Max Drawdown (10Y) Largest decline over 10 years	-34.47%	—	—
Current Drawdown Current decline from peak	0.00%	0.00%	0.00%
Average Drawdown Average peak-to-trough decline	-9.82%	-4.05%	-5.77%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.16%	2.86%	-0.70%

Volatility

PXWIX vs. VESGX - Volatility Comparison

The current volatility for Pax Ellevate Global Women’s Leadership Fund Institutional Class (PXWIX) is 3.32%, while Vanguard Global ESG Select Stock Fund Admiral Shares (VESGX) has a volatility of 3.53%. This indicates that PXWIX experiences smaller price fluctuations and is considered to be less risky than VESGX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	PXWIX	VESGX	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.32%	3.53%	-0.21%
Volatility (6M) Calculated over the trailing 6-month period	9.53%	10.17%	-0.64%
Volatility (1Y) Calculated over the trailing 1-year period	12.04%	13.01%	-0.97%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.06%	14.64%	+1.42%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.98%	17.32%	-0.34%

PXWIX vs. VESGX - Expense Ratio Comparison

PXWIX has a 0.51% expense ratio, which is higher than VESGX's 0.46% expense ratio.

Dividends

PXWIX vs. VESGX - Dividend Comparison

PXWIX's dividend yield for the trailing twelve months is around 9.02%, more than VESGX's 3.98% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
PXWIX Pax Ellevate Global Women’s Leadership Fund Institutional Class	9.02%	9.98%	9.64%	1.69%	3.24%	1.44%	1.25%	3.24%	5.15%	2.71%	2.04%	2.68%
VESGX Vanguard Global ESG Select Stock Fund Admiral Shares	3.98%	6.98%	5.05%	1.81%	2.24%	2.74%	1.06%	0.82%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both PXWIX and VESGX in my portfolio?

PXWIX and VESGX have a correlation of 0.88, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, PXWIX or VESGX?

VESGX has higher volatility (3.53%) compared to PXWIX (3.32%). In terms of maximum drawdown, PXWIX dropped -53.56% vs VESGX's -30.52%.

Which has better risk-adjusted returns?

PXWIX currently has the higher Sharpe Ratio (2.10 vs 1.26), 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.