USSG vs. PAXWX

Last updated Jun 24, 2026

USSG (Xtrackers MSCI USA ESG Leaders Equity ETF) and PAXWX (Pax Sustainable Allocation Fund) are both funds - USSG is a Large Cap Growth Equities fund tracking the MSCI USA ESG Leaders, while PAXWX is a Diversified Portfolio fund managed by Pax World. Over the past 5 years, USSG returned 13.10%/yr vs 5.46%/yr for PAXWX. Their correlation of 0.93 suggests significant overlap in exposure. USSG charges 0.10%/yr vs 0.30%/yr for PAXWX.

Performance

USSG vs. PAXWX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Xtrackers MSCI USA ESG Leaders Equity ETF (USSG) and Pax Sustainable Allocation Fund (PAXWX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, USSG achieves a 7.41% return, which is significantly higher than PAXWX's 4.41% return.

USSG

• 1D: -1.38%
• 1M: -1.40%
• YTD: 7.41%
• 6M: 6.03%
• 1Y: 24.41%
• 3Y*: 21.01%
• 5Y*: 13.10%
• 10Y*: —

PAXWX

• 1D: -0.33%
• 1M: 0.70%
• YTD: 4.41%
• 6M: 3.82%
• 1Y: 12.53%
• 3Y*: 11.71%
• 5Y*: 5.46%
• 10Y*: 8.58%

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

USSG vs. PAXWX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
USSG Xtrackers MSCI USA ESG Leaders Equity ETF	7.41%	18.97%	23.45%	29.17%	-20.33%	31.83%	18.71%	19.24%
PAXWX Pax Sustainable Allocation Fund	4.41%	10.87%	12.61%	13.19%	-16.50%	15.31%	16.23%	13.34%

Correlation

The correlation between USSG and PAXWX is 0.90, 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	0.90
Correlation (3Y) Calculated over the trailing 3-year period	0.89
Correlation (5Y) Calculated over the trailing 5-year period	0.92
Correlation (All Time) Calculated using the full available price history since Mar 7, 2019	0.93

The correlation between USSG and PAXWX has been stable across timeframes, ranging from 0.89 to 0.93 - a consistent structural relationship.

Return for Risk

USSG vs. PAXWX — Risk / Return Rank

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

USSG

USSG Risk / Return Rank: 54
USSG Sharpe Ratio Rank: 57
USSG Sortino Ratio Rank: 56
USSG Omega Ratio Rank: 54
USSG Calmar Ratio Rank: 47
USSG Martin Ratio Rank: 56

PAXWX

PAXWX Risk / Return Rank: 36
PAXWX Sharpe Ratio Rank: 36
PAXWX Sortino Ratio Rank: 34
PAXWX Omega Ratio Rank: 34
PAXWX Calmar Ratio Rank: 33
PAXWX Martin Ratio Rank: 43

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.

USSG vs. PAXWX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Xtrackers MSCI USA ESG Leaders Equity ETF (USSG) and Pax Sustainable Allocation Fund (PAXWX). 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.

	USSG	PAXWX	Difference
Sharpe ratio: Return per unit of total volatility	1.79	1.60	+0.19
Sortino ratio: Return per unit of downside risk	2.50	2.28	+0.22
Omega ratio: Gain probability vs. loss probability	1.32	1.29	+0.03
Calmar ratio: Return relative to maximum drawdown	2.19	2.05	+0.14
Martin ratio: Return relative to average drawdown	9.23	8.58	+0.64

USSG vs. PAXWX - Sharpe Ratio Comparison

The current USSG Sharpe Ratio is 1.79, which is comparable to the PAXWX Sharpe Ratio of 1.60. The chart below compares the historical Sharpe Ratios of USSG and PAXWX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

USSG vs. PAXWX - Drawdown Comparison

The maximum USSG drawdown since its inception was -34.10%, smaller than the maximum PAXWX drawdown of -40.11%. Use the drawdown chart below to compare losses from any high point for USSG and PAXWX.

Drawdown Indicators

	USSG	PAXWX	Difference
Max Drawdown Largest peak-to-trough decline	-34.10%	-40.11%	+6.01%
Max Drawdown (1Y) Largest decline over 1 year	-11.20%	-6.41%	-4.79%
Max Drawdown (3Y) Largest decline over 3 years	-20.00%	-11.22%	-8.78%
Max Drawdown (5Y) Largest decline over 5 years	-27.00%	-21.64%	-5.36%
Max Drawdown (10Y) Largest decline over 10 years	—	-21.64%	—
Current Drawdown Current decline from peak	-3.10%	-0.95%	-2.15%
Average Drawdown Average peak-to-trough decline	-5.57%	-5.65%	+0.08%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.65%	1.53%	+1.12%

Volatility

USSG vs. PAXWX - Volatility Comparison

Xtrackers MSCI USA ESG Leaders Equity ETF (USSG) has a higher volatility of 5.30% compared to Pax Sustainable Allocation Fund (PAXWX) at 3.09%. This indicates that USSG's price experiences larger fluctuations and is considered to be riskier than PAXWX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	USSG	PAXWX	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.30%	3.09%	+2.21%
Volatility (6M) Calculated over the trailing 6-month period	10.95%	6.66%	+4.29%
Volatility (1Y) Calculated over the trailing 1-year period	13.73%	8.21%	+5.52%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.70%	10.82%	+6.88%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	20.17%	10.77%	+9.40%

USSG vs. PAXWX - Expense Ratio Comparison

USSG has a 0.10% expense ratio, which is lower than PAXWX's 0.30% expense ratio.

Dividends

USSG vs. PAXWX - Dividend Comparison

USSG's dividend yield for the trailing twelve months is around 1.01%, less than PAXWX's 9.23% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
PAXWX Pax Sustainable Allocation Fund	9.23%	9.64%	8.33%	3.37%	6.24%	4.85%	2.80%	9.31%	2.90%	10.90%	3.02%	8.36%
USSG Xtrackers MSCI USA ESG Leaders Equity ETF	1.01%	1.02%	1.13%	1.60%	1.52%	1.13%	1.42%	1.21%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both USSG and PAXWX in my portfolio?

USSG and PAXWX have a correlation of 0.90, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, USSG or PAXWX?

USSG has higher volatility (5.30%) compared to PAXWX (3.09%). In terms of maximum drawdown, USSG dropped -34.10% vs PAXWX's -40.11%.

Which has better risk-adjusted returns?

USSG currently has the higher Sharpe Ratio (1.79 vs 1.60), 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.