- ISIN
- US69373W2935
- Issuer
- UBS
- Inception Date
- Aug 23, 1995
- Category
- Emerging Markets Diversified
- Min. Investment
- $10,000
- Distribution Policy
- Distributing
- Asset Class
- Multi-Asset
- Asset Class Size
- Large-Cap
- Asset Class Style
- Blend
Share Price Chart
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Performance
PCEMX Performance Chart
PACE International Emerging Markets Equity Investments (PCEMX) is up 28.4% since the beginning of the year. PCEMX is currently trading at $22 per share. Investors who bought $1,000 worth of PCEMX shares 5 years ago would now be looking at an investment worth $1,459.
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Returns By Period
PACE International Emerging Markets Equity Investments (PCEMX) has returned 28.44% so far this year and 59.07% over the past 12 months. Over the last ten years, PCEMX has returned 10.28% per year, falling short of the S&P 500 Index benchmark, which averaged 13.75% annually.
PACE International Emerging Markets Equity Investments
- 1D
- 1.12%
- 1M
- 10.73%
- YTD
- 28.44%
- 6M
- 30.59%
- 1Y
- 59.07%
- 3Y*
- 24.16%
- 5Y*
- 7.85%
- 10Y*
- 10.28%
Benchmark (S&P 500 Index)
- 1D
- 0.13%
- 1M
- 5.25%
- YTD
- 11.16%
- 6M
- 11.43%
- 1Y
- 28.20%
- 3Y*
- 21.12%
- 5Y*
- 12.66%
- 10Y*
- 13.75%
PCEMX Monthly Returns History
Based on dividend-adjusted daily data since Aug 18, 1995, PCEMX's average daily return is +0.03%, while the average monthly return is +0.64%. At this rate, an investment would double in approximately 9.1 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% | -11.94% | 12.69% | 9.28% | 1.12% | 28.44% | ||||||
| 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 -0.11%, 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 112.30% of S&P 500 Index downside but only 97.48% 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
- -0.11%
- Beta
- 0.71
- R²
- 0.46
- Upside Capture
- 97.48%
- Downside Capture
- 112.30%
Expense Ratio
PCEMX has a high expense ratio of 1.20%, indicating above-average management fees.
Return for Risk
Risk / Return Rank
PCEMX ranks 92 for risk / return — in the top 92% 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 S&P 500 Index.
| PCEMX | Benchmark | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 3.68 | 2.39 | +1.30 |
Sortino ratioReturn per unit of downside risk | 4.46 | 3.25 | +1.21 |
Omega ratioGain probability vs. loss probability | 1.67 | 1.43 | +0.24 |
Calmar ratioReturn relative to maximum drawdown | 4.56 | 3.11 | +1.45 |
Martin ratioReturn relative to average drawdown | 17.70 | 14.38 | +3.32 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Dividends
Dividend History
PACE International Emerging Markets Equity Investments provided a 3.82% 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 | 3.82% | 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 | $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.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
Financial crisis2007–2009 | -65.32%Nov 2008 | 1y 20d | 9y 2mo | 10y 2moNov 2007 - Jan 2018 |
Dot-com crash2000–2002 | -57.73%Sep 2001 | 1y 7mo | 3y 10mo | 5y 5moFeb 2000 - Aug 2005 |
1998 bear market1998 | -53.56%Sep 1998 | 1y 2mo | 1y 4mo | 2y 6moJul 1997 - Jan 2000 |
COVID crash2020 | -39.17%Mar 2020 | 2y 1mo | 7mo 28d | 2y 9moJan 2018 - Nov 2020 |
Bear market2022 | -38.17%Oct 2022 | 1y 8mo | 2y 10mo | 4y 6moFeb 2021 - Sep 2025 |
Drawdown Indicators
| PCEMX | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -65.32% | -56.78% | -8.54% |
Max Drawdown (1Y)Largest decline over 1 year | -14.42% | -9.10% | -5.32% |
Max Drawdown (3Y)Largest decline over 3 years | -18.18% | -18.90% | +0.72% |
Max Drawdown (5Y)Largest decline over 5 years | -36.27% | -25.43% | -10.84% |
Max Drawdown (10Y)Largest decline over 10 years | -39.17% | -33.92% | -5.25% |
Current DrawdownCurrent decline from peak | 0.00% | 0.00% | 0.00% |
Average DrawdownAverage peak-to-trough decline | -20.88% | -10.72% | -10.16% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.58% | 1.97% | +1.61% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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