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Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in PACE International Emerging Markets Equity Investments, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.
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Returns By Period
PACE International Emerging Markets Equity Investments (PCEMX) has returned 0.24% so far this year and 32.08% over the past 12 months. Over the last ten years, PCEMX has returned 7.49% per year, falling short of the S&P 500 Index benchmark, which averaged 12.16% annually.
PACE International Emerging Markets Equity Investments
- 1D
- -0.99%
- 1M
- -14.42%
- YTD
- 0.24%
- 6M
- 4.50%
- 1Y
- 32.08%
- 3Y*
- 14.19%
- 5Y*
- 3.97%
- 10Y*
- 7.49%
Benchmark (S&P 500 Index)
- 1D
- 2.91%
- 1M
- -5.09%
- YTD
- -4.63%
- 6M
- -2.39%
- 1Y
- 16.33%
- 3Y*
- 16.69%
- 5Y*
- 10.18%
- 10Y*
- 12.16%
Monthly Returns
Based on dividend-adjusted daily data since Aug 18, 1995, PCEMX's average daily return is +0.03%, while the average monthly return is +0.57%. At this rate, your investment would double in approximately 10.2 years.
Historically, 58% of months were positive and 42% were negative. The best month was May 2009 with a return of +16.6%, while the worst month was Aug 1998 at -28.2%. The longest winning streak lasted 12 consecutive months, and the longest losing streak was 6 months.
On a daily basis, PCEMX closed higher 52% of trading days. The best single day was Oct 13, 2008 with a return of +14.0%, while the worst single day was Oct 15, 2008 at -11.9%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 10.13% | 6.35% | -14.42% | 0.24% | |||||||||
| 2025 | 3.55% | -1.56% | 1.82% | 0.52% | 5.33% | 5.48% | 1.40% | 3.68% | 7.66% | 3.94% | -2.09% | 2.45% | 36.75% |
| 2024 | -5.00% | 4.35% | 1.52% | 0.00% | 2.05% | 1.24% | -0.69% | 1.92% | 8.23% | -4.39% | -3.21% | -1.19% | 4.15% |
| 2023 | 10.36% | -7.04% | 3.11% | -2.29% | -1.17% | 5.33% | 5.30% | -5.64% | -3.72% | -4.61% | 8.80% | 3.28% | 10.33% |
| 2022 | -0.68% | -4.33% | -2.08% | -7.78% | 1.27% | -5.11% | -0.08% | -0.41% | -10.15% | -2.87% | 16.11% | -2.54% | -18.97% |
| 2021 | 1.50% | 3.13% | -1.43% | 2.38% | 2.10% | 0.44% | -6.25% | 3.24% | -4.74% | 1.56% | -5.20% | 2.13% | -1.79% |
Benchmark Metrics
PACE International Emerging Markets Equity Investments has an annualized alpha of -0.49%, beta of 0.71, and R² of 0.46 versus S&P 500 Index. Calculated based on daily prices since August 21, 1995.
- This fund participated in 112.21% of S&P 500 Index downside but only 96.38% of its upside — more exposed to losses than it benefited from rallies.
- R² of 0.46 means the benchmark explains less than half of this fund's behavior — treat beta with caution or consider switching to a more representative benchmark.
- Alpha
- -0.49%
- Beta
- 0.71
- R²
- 0.46
- Upside Capture
- 96.38%
- Downside Capture
- 112.21%
Expense Ratio
PCEMX has a high expense ratio of 1.20%, indicating above-average management fees.
Return for Risk
Risk / Return Rank
PCEMX ranks 87 for risk / return — in the top 87% of mutual funds on our site. This means strong returns relative to risk — exactly what professional investors look for. Well-suited for investors who want to maximize return per unit of risk.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for PACE International Emerging Markets Equity Investments (PCEMX) and compare them to a chosen benchmark (S&P 500 Index).
| PCEMX | Benchmark | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.82 | 0.90 | +0.93 |
Sortino ratioReturn per unit of downside risk | 2.31 | 1.39 | +0.92 |
Omega ratioGain probability vs. loss probability | 1.36 | 1.21 | +0.14 |
Calmar ratioReturn relative to maximum drawdown | 2.34 | 1.40 | +0.94 |
Martin ratioReturn relative to average drawdown | 8.95 | 6.61 | +2.34 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Explore PCEMX risk-adjusted metrics in detail
Dive deeper into individual metrics with historical trends, benchmark comparisons, and performance across different time periods.
Dividends
Dividend History
PACE International Emerging Markets Equity Investments provided a 4.89% dividend yield over the last twelve months, with an annual payout of $0.83 per share.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.83 | $0.83 | $0.16 | $0.18 | $0.29 | $1.71 | $0.18 | $0.15 | $0.22 | $0.17 | $0.12 | $0.11 |
Dividend yield | 4.89% | 4.91% | 1.22% | 1.44% | 2.52% | 11.70% | 1.10% | 1.04% | 1.84% | 1.16% | 1.09% | 1.09% |
Monthly Dividends
The table displays the monthly dividend distributions for PACE International Emerging Markets Equity 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 | |||||||||
| 2025 | $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 |
| 2024 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.16 | $0.16 |
| 2023 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.18 | $0.18 |
| 2022 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.29 | $0.29 |
| 2021 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $1.71 | $1.71 |
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.
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Worst Drawdowns
The table below displays the maximum drawdowns of the PACE International Emerging Markets Equity 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 International Emerging Markets Equity Investments was 65.32%, occurring on Nov 20, 2008. Recovery took 2306 trading sessions.
The current PACE International Emerging Markets Equity Investments drawdown is 14.42%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -65.32% | Nov 1, 2007 | 267 | Nov 20, 2008 | 2306 | Jan 22, 2018 | 2573 |
| -57.73% | Feb 11, 2000 | 403 | Sep 21, 2001 | 972 | Aug 2, 2005 | 1375 |
| -53.56% | Jul 8, 1997 | 299 | Sep 11, 1998 | 340 | Jan 18, 2000 | 639 |
| -39.17% | Jan 29, 2018 | 541 | Mar 23, 2020 | 166 | Nov 16, 2020 | 707 |
| -38.17% | Feb 17, 2021 | 426 | Oct 24, 2022 | 714 | Sep 8, 2025 | 1140 |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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