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PACE High Yield Investments (PHYPX)
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

PACE High Yield Investments (PHYPX)

Mutual Fund · Currency in USD · Last updated May 30, 2025

Under normal circumstances, the fund invests at least 80% of its net assets in high yield fixed income securities that are rated below investment grade or considered to be of comparable quality. The fund may invest up to 10% of its total assets in U.S. and/or non-U.S. senior secured bank loans which may be in the form of loan participations and assignments. It may invest in a number of different countries throughout the world, including the U.S., Europe and emerging market countries.

Fund Info

ISIN

US69373W8304

Issuer

UBS Asset Management

Inception Date

Apr 10, 2006

Category

High Yield Bonds

Min. Investment

$10,000

Asset Class

Bond

Expense Ratio

PHYPX has an expense ratio of 0.91%, placing it in the medium range.

Share Price Chart

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Compare to other instruments

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

PACE High Yield Investments

Performance

Performance Chart

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S&P 500

Returns By Period

PACE High Yield Investments (PHYPX) returned 2.47% year-to-date (YTD) and 8.58% over the past 12 months. Over the past 10 years, PHYPX returned 4.57% annually, underperforming the S&P 500 benchmark at 10.85%.

PHYPX

YTD

2.47%

1M

1.35%

6M

2.22%

1Y

8.58%

3Y*

6.50%

5Y*

5.84%

10Y*

4.57%

^GSPC (Benchmark)

YTD

0.51%

1M

6.15%

6M

-2.00%

1Y

12.92%

3Y*

12.68%

5Y*

14.19%

10Y*

10.85%

*Annualized

Monthly Returns

The table below presents the monthly returns of PHYPX, with color gradation from worst to best to easily spot seasonal factors. Returns are adjusted for dividends.

JanFebMarAprMayJunJulAugSepOctNovDecTotal
20251.12%0.96%-0.92%-0.28%1.59%2.47%
20240.41%0.41%1.01%-0.86%1.26%0.87%1.56%1.48%1.42%-0.34%0.96%-0.36%8.08%
20234.10%-1.20%0.72%0.74%-0.78%1.61%1.41%0.09%-0.82%-1.15%4.13%3.44%12.76%
2022-2.32%-1.75%-0.76%-3.12%-0.80%-7.20%5.14%-1.42%-4.29%1.97%3.40%-0.24%-11.37%
20210.54%0.73%0.37%1.34%0.44%1.00%-0.16%0.63%-0.56%-0.97%-1.28%1.57%3.67%
20200.32%-1.59%-14.30%4.37%4.90%2.14%3.91%1.90%-0.95%0.40%5.21%2.29%7.22%
20193.85%1.51%0.60%1.41%-1.17%2.04%0.48%-0.06%0.56%0.13%0.46%2.01%12.38%
20180.75%-0.85%-0.56%0.75%-0.25%-0.02%1.18%0.07%0.87%-1.79%-1.41%-1.60%-2.88%
20171.40%1.47%-0.14%1.13%0.57%-0.25%1.26%0.06%1.15%0.62%-0.30%0.41%7.62%
2016-1.26%0.54%4.05%3.38%0.62%0.60%2.63%2.36%0.60%0.48%-0.13%1.83%16.74%
2015-0.57%2.61%-0.34%1.27%0.35%-1.88%-0.36%-1.71%-2.70%2.67%-1.51%-2.11%-4.36%
20140.47%1.98%0.46%0.44%0.91%0.81%-1.14%1.10%-1.80%0.65%-1.24%-1.82%0.73%
Go deeper with the Portfolio Analysis tool — backtest performance, assess risk, compare to benchmarks, and more

Risk-Adjusted Performance

Risk-Adjusted Performance Rank

With an overall rank of 94, PHYPX is among the top 6% of mutual funds on our website when it comes to balancing risk and reward. Below is a breakdown of how it compares using common performance measures.

The Risk-Adjusted Performance Rank of PHYPX is 9494
Overall Rank
The Sharpe Ratio Rank of PHYPX is 9696
Sharpe Ratio Rank
The Sortino Ratio Rank of PHYPX is 9393
Sortino Ratio Rank
The Omega Ratio Rank of PHYPX is 9595
Omega Ratio Rank
The Calmar Ratio Rank of PHYPX is 9292
Calmar Ratio Rank
The Martin Ratio Rank of PHYPX is 9393
Martin Ratio Rank
The risk-adjusted ranks indicate the investment's position relative to the market. A rank closer to 100 signifies top-performing investments, while a rank closer to 0 might suggest underperformance, based on the selected ratio. The values are calculated based on the past 12 months of returns.

Risk-Adjusted Performance Indicators

The charts below present risk-adjusted performance metrics for PACE High Yield Investments (PHYPX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.

The Sharpe ratio helps investors understand how much return they're getting for the level of risk taken. A higher Sharpe ratio indicates better risk-adjusted performance, meaning more reward for each unit of risk.

PACE High Yield Investments Sharpe ratios as of May 30, 2025 (values are recalculated daily):

  • 1-Year: 2.68
  • 5-Year: 1.27
  • 10-Year: 0.89
  • All Time: 1.20

These values reflect how efficiently the investment has delivered returns relative to its volatility over different time periods. All figures are annualized and based on daily total returns (including price changes and dividends).

The chart below shows the rolling Sharpe ratio of PACE High Yield Investments compared to the selected benchmark. This view highlights how the investment's risk-adjusted performance has changed over time.

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Go to the full Sharpe Ratio tool to analyze any stock or portfolio. Customize time frames, set your own risk-free rate, and more

Dividends

Dividend History

PACE High Yield Investments provided a 6.37% dividend yield over the last twelve months, with an annual payout of $0.55 per share. The fund has been increasing its distributions for 2 consecutive years.

5.50%6.00%6.50%7.00%$0.00$0.20$0.40$0.60$0.8020142015201620172018201920202021202220232024
Dividends
Dividend Yield
PeriodTTM20242023202220212020201920182017201620152014
Dividend$0.55$0.55$0.53$0.47$0.58$0.53$0.56$0.57$0.56$0.57$0.54$0.73

Dividend yield

6.37%6.33%6.15%5.78%5.99%5.33%5.73%6.17%5.54%5.76%6.04%7.36%

Monthly Dividends

The table displays the monthly dividend distributions for PACE High Yield Investments. The dividends shown in the table have been adjusted to account for any splits that may have occurred.

JanFebMarAprMayJunJulAugSepOctNovDecTotal
2025$0.05$0.04$0.05$0.05$0.05$0.23
2024$0.05$0.05$0.05$0.05$0.05$0.04$0.04$0.05$0.04$0.05$0.04$0.05$0.55
2023$0.04$0.04$0.05$0.04$0.05$0.04$0.05$0.05$0.04$0.05$0.04$0.05$0.53
2022$0.04$0.04$0.04$0.04$0.04$0.04$0.04$0.04$0.04$0.04$0.04$0.04$0.47
2021$0.04$0.04$0.05$0.04$0.04$0.04$0.04$0.04$0.03$0.05$0.05$0.10$0.58
2020$0.04$0.05$0.04$0.05$0.04$0.04$0.05$0.05$0.04$0.05$0.04$0.04$0.53
2019$0.02$0.04$0.05$0.05$0.05$0.05$0.05$0.04$0.05$0.04$0.04$0.08$0.56
2018$0.05$0.05$0.04$0.04$0.05$0.05$0.05$0.05$0.05$0.05$0.05$0.07$0.57
2017$0.05$0.05$0.05$0.04$0.05$0.05$0.05$0.05$0.05$0.04$0.05$0.05$0.56
2016$0.05$0.05$0.05$0.05$0.05$0.05$0.05$0.05$0.05$0.05$0.05$0.05$0.57
2015$0.04$0.05$0.05$0.05$0.05$0.04$0.04$0.04$0.05$0.05$0.05$0.05$0.54
2014$0.05$0.05$0.05$0.05$0.05$0.05$0.05$0.05$0.05$0.05$0.05$0.20$0.73

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 High Yield 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 High Yield Investments was 27.26%, occurring on Dec 5, 2008. Recovery took 129 trading sessions.

Depth

Start

To Bottom

Bottom

To Recover

End

Total

-27.26%May 21, 2008138Dec 5, 2008129Jun 12, 2009267
-22.69%Feb 24, 202021Mar 23, 2020159Nov 5, 2020180
-17.16%Sep 16, 2021272Oct 13, 2022351Mar 8, 2024623
-12.86%Jul 9, 2014403Feb 11, 2016102Jul 8, 2016505
-10.6%May 23, 201194Oct 4, 201184Feb 3, 2012178
Go to the full Drawdowns tool for more analysis options, including inflation-adjusted drawdowns, and more

Volatility

Volatility Chart

The chart below shows the rolling one-month volatility.

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