PACE Alternative Strategies Investments (PASIX) belongs to the Multistrategy category. Below you'll find alternative mutual funds from the same category, ranked by key criteria, plus funds that investors commonly compare with PASIX. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.
Cheapest Alternatives to PASIX
PASIX charges 1.88% annually. There are 34 mutual funds in the Multistrategy category with lower expense ratios, going as low as 0.18%.
| Symbol | Name | Expense Ratio | AUM | Inception | |
|---|---|---|---|---|---|
| Aspiriant Defensive Allocation Fund | 0.18% | — | Dec 2015 | PASIX vs RMDFX | |
| Symmetry Panoramic Alternatives Fund | 0.50% | — | Nov 2018 | PASIX vs SPATX | |
| Morgan Stanley Pathway Funds Alternative Strategie... | 0.59% | — | Feb 2018 | PASIX vs TALTX | |
| GMO Alternative Allocation Fund | 0.61% | — | May 2019 | PASIX vs GAAVX | |
| John Hancock Funds Alternative Asset Allocation Fu... | 0.72% | — | Jan 2009 | PASIX vs JAAAX |
Best Risk-Adjusted Alternatives to PASIX
PASIX has a PortfoliosLab risk / return rank of 51. There are 38 mutual funds in the Multistrategy category with higher risk-adjusted ranks, going as high as 100.
| Symbol | Name | Risk / Return Rank | AUM | Inception | |
|---|---|---|---|---|---|
| Stone Ridge Reinsurance Risk Premium Interval Fund | 100 | — | Dec 2013 | PASIX vs SRRIX | |
| Absolute Convertible Arbitrage Fund Institutional ... | 100 | — | Aug 2017 | PASIX vs ARBIX | |
| Strategic Advisers Alternatives Fund | 99 | — | Jul 2022 | PASIX vs FSLTX | |
| AQR Diversified Arbitrage Fund Class I | 99 | — | Jan 2009 | PASIX vs ADAIX | |
| Blackstone Alternative Multi-Strategy Fund | 99 | — | Jun 2014 | PASIX vs BXMIX |
Top Performing PASIX Alternatives (YTD)
PASIX is at 3.84% YTD. There are 33 mutual funds in the Multistrategy category with higher YTD returns, going as high as 18.48%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| AQR Alternative Risk Premia R6 | 18.48% | — | Sep 2017 | PASIX vs QRPRX | |
| AQR Alternative Risk Premia Fund | 18.34% | — | Sep 2017 | PASIX vs QRPIX | |
| AQR Alternative Risk Premia Fund Class N | 18.26% | — | Sep 2017 | PASIX vs QRPNX | |
| AQR Style Premia Alternative R6 | 12.97% | — | Sep 2014 | PASIX vs QSPRX | |
| AQR Style Premia Alternative Fund | 12.95% | — | Oct 2013 | PASIX vs QSPIX |
Lowest Volatility Alternatives to PASIX
PASIX has 4.75% 1-year volatility. There are 23 mutual funds in the Multistrategy category with lower 1-year volatility, going as low as 1.24%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Absolute Convertible Arbitrage Fund Institutional ... | 1.24% | — | Aug 2017 | PASIX vs ARBIX | |
| AQR Diversified Arbitrage Fund Class N | 1.42% | — | Jan 2009 | PASIX vs ADANX | |
| AQR Diversified Arbitrage Fund Class I | 1.42% | — | Jan 2009 | PASIX vs ADAIX | |
| T. Rowe Price Multi-Strategy Total Return Fund | 1.68% | — | Feb 2018 | PASIX vs TMSRX | |
| Strategic Advisers Alternatives Fund | 2.18% | — | Jul 2022 | PASIX vs FSLTX |
Lowest Drawdown Alternatives to PASIX
PASIX has a 1-year max drawdown of -3.36%. There are 22 mutual funds in the Multistrategy category with shallower 1-year drawdowns, going as shallow as -0.39%.
| Symbol | Name | Max Drawdown 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| AQR Diversified Arbitrage Fund Class N | -0.39% | — | Jan 2009 | PASIX vs ADANX | |
| AQR Diversified Arbitrage Fund Class I | -0.46% | — | Jan 2009 | PASIX vs ADAIX | |
| Absolute Convertible Arbitrage Fund Institutional ... | -0.51% | — | Aug 2017 | PASIX vs ARBIX | |
| Stone Ridge Reinsurance Risk Premium Interval Fund | -0.55% | — | Dec 2013 | PASIX vs SRRIX | |
| T. Rowe Price Multi-Strategy Total Return Fund | -0.83% | — | Feb 2018 | PASIX vs TMSRX |
Other Mutual Funds from UBS
The 10 most viewed UBS mutual funds shown here include EMPTX, QGRPX, UTBPX and span 10 categories.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|---|---|
| UBS Emerging Markets Equity Opportunity Fund | Emerging Markets Diversified | 93 | 31.56% | — | May 2018 | PASIX vs EMPTX | |
| UBS US Quality Growth At Reasonable Price Fund | Large Cap Growth Equities | 11 | -0.43% | — | Jul 2020 | PASIX vs QGRPX | |
| UBS Multi Income Bond Fund | Intermediate Core-Plus Bond | 38 | 1.31% | — | Dec 1972 | PASIX vs UTBPX | |
| UBS US Dividend Ruler Fund | Large Cap Value Equities | 59 | 10.37% | — | Jul 2020 | PASIX vs DVRUX | |
| PACE Municipal Fixed Income Investments | Municipal Bonds | 73 | 1.36% | — | Aug 1995 | PASIX vs PCMNX | |
| UBS U.S. Allocation Fund | Diversified Portfolio | 63 | 7.11% | — | May 1993 | PASIX vs PWTYX | |
| UBS Global Allocation Fund | Global Allocation | 72 | 8.13% | — | Aug 1992 | PASIX vs BPGLX | |
| PACE Mortgage-Backed Securities Fixed Income Inves... | Intermediate Core Bond | 49 | 2.92% | — | Aug 1995 | PASIX vs PCGTX | |
| UBS Ultra Short Income Fund | Ultrashort Bond | — | — | — | May 2018 | PASIX vs USIAX | |
| PACE Small/Medium Co Value Equity Investments | Small Cap Value Equities | 55 | 15.66% | — | Aug 1995 | PASIX vs PCSVX |
Often Compared With PASIX
Investors most often compare PASIX with PCLCX, PCSGX, BNUEX. These 20 comparison targets span 12 categories, based on PortfoliosLab usage data.
Compare PASIX with Any Fund or Stock
Compare PASIX with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
Pair PASIX with funds that move differently
PACE Alternative Strategies Investments alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to PASIX.
Explore PASIX Diversifiers