- ISIN
- US69373W7074
- CUSIP
- 69373W707
- Issuer
- UBS
- Inception Date
- Apr 9, 2006
- Category
- Multistrategy
- Min. Investment
- $1,000
- Distribution Policy
- Distributing
- Asset Class
- Alternatives
Share Price Chart
Loading charts...
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Performance
PASIX Performance Chart
PACE Alternative Strategies Investments (PASIX) is up 3.7% since the beginning of the year. PASIX is currently trading at $11 per share. Investors who bought $1,000 worth of PASIX shares 5 years ago would now be looking at an investment worth $1,265.
Loading charts...
Returns By Period
PACE Alternative Strategies Investments (PASIX) has returned 3.74% so far this year and 8.49% over the past 12 months. Over the last ten years, PASIX has returned 4.02% per year, falling short of the S&P 500 Index benchmark, which averaged 13.88% annually.
PACE Alternative Strategies Investments
- 1D
- 0.29%
- 1M
- 0.67%
- YTD
- 3.74%
- 6M
- 3.74%
- 1Y
- 8.49%
- 3Y*
- 7.64%
- 5Y*
- 4.82%
- 10Y*
- 4.02%
Benchmark (S&P 500 Index)
- 1D
- -0.37%
- 1M
- -0.01%
- YTD
- 9.16%
- 6M
- 8.64%
- 1Y
- 25.22%
- 3Y*
- 19.78%
- 5Y*
- 11.99%
- 10Y*
- 13.88%
PASIX Monthly Returns History
Based on dividend-adjusted daily data since Apr 11, 2006, PASIX's average daily return is +0.01%, while the average monthly return is +0.23%. At this rate, an investment would double in approximately 25.1 years.
Historically, 61% of months were positive and 39% were negative. The best month was May 2009 with a return of +4.8%, while the worst month was Oct 2008 at -9.6%. The longest winning streak lasted 9 consecutive months, and the longest losing streak was 6 months.
On a daily basis, PASIX closed higher 47% of trading days. The best single day was Jan 9, 2008 with a return of +5.7%, while the worst single day was Jan 8, 2008 at -4.9%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 0.89% | 1.76% | -2.69% | 2.47% | 1.35% | 0.00% | 3.74% | ||||||
| 2025 | 1.62% | -1.13% | 0.38% | 0.66% | 1.03% | 1.02% | 0.55% | 0.92% | 1.18% | 0.54% | 0.54% | -0.06% | 7.47% |
| 2024 | 0.00% | 1.98% | 2.03% | -1.18% | 1.19% | -0.45% | 1.09% | 0.63% | 1.07% | -0.44% | 1.96% | -1.43% | 6.56% |
| 2023 | 0.86% | -0.38% | -1.05% | -0.00% | -0.96% | 1.36% | 0.86% | 0.00% | 0.00% | -0.76% | 2.39% | 2.62% | 4.97% |
| 2022 | -1.40% | -0.95% | 0.77% | 0.28% | 0.38% | -2.08% | 0.96% | 0.00% | -1.43% | 2.32% | 1.14% | 0.32% | 0.22% |
| 2021 | -0.90% | 1.54% | 0.36% | 1.78% | 0.26% | -0.87% | -0.44% | 0.44% | -0.88% | 0.36% | -1.33% | 2.33% | 2.60% |
Benchmark Metrics
PACE Alternative Strategies Investments has an annualized alpha of -0.03%, beta of 0.27, and R2 of 0.58 versus S&P 500 Index. Calculated based on daily prices since April 11, 2006.
- This fund participated in 36.17% of S&P 500 Index downside but only 26.56% of its upside - more exposed to losses than it benefited from rallies.
- Beta of 0.27 indicates this fund moves significantly less than S&P 500 Index - a genuinely defensive profile with reduced participation in both market rallies and downturns.
- Alpha
- -0.03%
- Beta
- 0.27
- R²
- 0.58
- Upside Capture
- 26.56%
- Downside Capture
- 36.17%
Expense Ratio
PASIX has a high expense ratio of 1.88%, indicating above-average management fees.
Return for Risk
Risk / Return Rank
PASIX ranks 49 for risk / return — on par with similar mutual funds. You're getting a typical balance of risk and reward. Not a standout, but not a red flag either — a reasonable choice if other factors align with your goals.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for PACE Alternative Strategies Investments (PASIX) and compare them to S&P 500 Index.
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.
| PASIX | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.21 | ||
| Sortino ratioReturn per unit of downside risk | -0.10 | ||
| Omega ratioGain probability vs. loss probability | 1.36 | 1.37 | -0.01 |
| Calmar ratioReturn relative to maximum drawdown | 2.57 | 2.78 | -0.21 |
| Martin ratioReturn relative to average drawdown | 9.85 | 12.44 | -2.59 |
Dividends
Dividend History
PACE Alternative Strategies Investments provided a 10.54% dividend yield over the last twelve months, with an annual payout of $1.11 per share. The fund has been increasing its distributions for 3 consecutive years.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $1.11 | $1.11 | $0.83 | $0.38 | $0.25 | $0.69 | $0.54 | $0.00 | $0.29 | $0.00 | $0.00 | $0.23 |
Dividend yield | 10.54% | 10.93% | 7.96% | 3.57% | 2.42% | 6.45% | 4.82% | 0.00% | 2.89% | 0.00% | 0.00% | 2.14% |
Monthly Dividends
The table displays the monthly dividend distributions for PACE Alternative Strategies Investments. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | ||||||
| 2025 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $1.11 | $1.11 |
| 2024 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.83 | $0.83 |
| 2023 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.38 | $0.38 |
| 2022 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.25 | $0.25 |
| 2021 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.69 | $0.69 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
Loading charts...
Worst Drawdowns
The table below displays the maximum drawdowns of the PACE Alternative Strategies Investments. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the PACE Alternative Strategies Investments was 32.27%, occurring on Mar 9, 2009. Recovery took 1495 trading sessions.
The current PACE Alternative Strategies Investments drawdown is 0.28%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
Financial crisis2007–2009 | -32.27%Mar 2009 | 1y 7mo | 5y 11mo | 7y 7moJul 2007 - Feb 2015 |
COVID crash2020 | -10.50%Mar 2020 | 2y 1mo | 3mo 29d | 2y 5moJan 2018 - Jul 2020 |
2006 pullback2006 | -9.44%Jun 2006 | 1mo 4d | 5mo 27d | 7mo 1dMay 2006 - Dec 2006 |
2016 pullback2016 | -6.27%Feb 2016 | 10mo 2d | 1y 10mo | 2y 8moApr 2015 - Dec 2017 |
Bear market2022 | -5.22%Jul 2022 | 1y 2mo | 6mo 16d | 1y 8moMay 2021 - Jan 2023 |
Drawdown Indicators
| PASIX | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -32.27% | -56.78% | +24.51% |
Max Drawdown (1Y)Largest decline over 1 year | -3.36% | -9.10% | +5.74% |
Max Drawdown (3Y)Largest decline over 3 years | -4.01% | -18.90% | +14.89% |
Max Drawdown (5Y)Largest decline over 5 years | -4.57% | -25.43% | +20.86% |
Max Drawdown (10Y)Largest decline over 10 years | -10.50% | -33.92% | +23.42% |
Current DrawdownCurrent decline from peak | -0.28% | -1.80% | +1.52% |
Average DrawdownAverage peak-to-trough decline | -6.30% | -10.71% | +4.41% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.87% | 2.03% | -1.16% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
Loading charts...
Build a portfolio with PASIX
Add PACE Alternative Strategies Investments to a portfolio and analyze allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Analyzer with PASIX