- ISIN
- US69373W8551
- Issuer
- UBS
- Inception Date
- Dec 17, 2006
- Category
- REIT
- Min. Investment
- $1,000
- Distribution Policy
- Distributing
- Asset Class
- Real Estate
- Asset Class Size
- Mid-Cap
- Asset Class Style
- Blend
Share Price Chart
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Performance
PREAX Performance Chart
PACE Global Real Estate Securities Investments (PREAX) is up 6.6% since the beginning of the year. PREAX is currently trading at $7 per share. Investors who bought $1,000 worth of PREAX shares 5 years ago would now be looking at an investment worth $941.
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Returns By Period
PACE Global Real Estate Securities Investments (PREAX) has returned 6.55% so far this year and 7.26% over the past 12 months. Over the last ten years, PREAX has returned 1.68% per year, falling short of the S&P 500 Index benchmark, which averaged 13.88% annually.
PACE Global Real Estate Securities Investments
- 1D
- 0.29%
- 1M
- 0.00%
- YTD
- 6.55%
- 6M
- 7.21%
- 1Y
- 7.26%
- 3Y*
- 4.47%
- 5Y*
- -1.20%
- 10Y*
- 1.68%
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%
PREAX Monthly Returns History
Based on dividend-adjusted daily data since Jan 3, 2007, PREAX's average daily return is +0.01%, while the average monthly return is +0.26%. At this rate, an investment would double in approximately 22.2 years.
Historically, 56% of months were positive and 44% were negative. The best month was Apr 2009 with a return of +15.1%, while the worst month was Oct 2008 at -28.3%. The longest winning streak lasted 8 consecutive months, and the longest losing streak was 7 months.
On a daily basis, PREAX closed higher 50% of trading days. The best single day was Oct 28, 2008 with a return of +10.6%, while the worst single day was Mar 16, 2020 at -15.0%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 1.98% | 5.68% | -8.77% | 8.22% | 0.14% | -0.00% | 6.55% | ||||||
| 2025 | 2.30% | -0.60% | -2.57% | 0.47% | 2.78% | 0.60% | -2.54% | 3.98% | -0.15% | -1.47% | 1.05% | -0.38% | 3.29% |
| 2024 | -4.39% | 0.77% | 3.34% | -7.79% | 4.15% | -0.00% | 5.67% | 4.49% | 2.77% | -5.26% | 1.99% | -7.63% | -3.16% |
| 2023 | 9.63% | -5.12% | -1.70% | 1.73% | -4.63% | 3.56% | 2.97% | -3.19% | -6.90% | -4.88% | 12.04% | 9.18% | 10.93% |
| 2022 | -7.83% | -2.87% | 3.34% | -3.98% | -4.40% | -8.94% | 8.04% | -7.16% | -13.20% | 3.08% | 8.13% | -3.83% | -27.85% |
| 2021 | -1.19% | 7.51% | 3.35% | 6.49% | 2.16% | 0.62% | 3.95% | 0.48% | -5.67% | 5.39% | -0.95% | 7.33% | 32.65% |
Benchmark Metrics
PACE Global Real Estate Securities Investments has an annualized alpha of -6.08%, beta of 0.92, and R2 of 0.67 versus S&P 500 Index. Calculated based on daily prices since January 03, 2007.
- This fund participated in 113.20% of S&P 500 Index downside but only 78.90% of its upside - more exposed to losses than it benefited from rallies.
- This fund had an annualized alpha of -6.08% versus S&P 500 Index - delivering less than market exposure alone would predict.
- With beta of 0.92 and R2 of 0.67, this fund moves broadly in line with S&P 500 Index - much of its variation is explained by market exposure rather than independent behavior.
- Alpha
- -6.08%
- Beta
- 0.92
- R²
- 0.67
- Upside Capture
- 78.90%
- Downside Capture
- 113.20%
Expense Ratio
PREAX has a high expense ratio of 1.45%, indicating above-average management fees.
Return for Risk
Risk / Return Rank
PREAX ranks 8 for risk / return — in the bottom 8% of mutual funds on our site. This means you're taking on significantly more risk than the returns justify. Consider whether the potential upside is worth the volatility, or explore alternatives with better risk / return profiles.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for PACE Global Real Estate Securities Investments (PREAX) 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.
| PREAX | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.40 | ||
| Sortino ratioReturn per unit of downside risk | -1.81 | ||
| Omega ratioGain probability vs. loss probability | 1.12 | 1.37 | -0.25 |
| Calmar ratioReturn relative to maximum drawdown | 0.73 | 2.78 | -2.05 |
| Martin ratioReturn relative to average drawdown | 2.49 | 12.44 | -9.95 |
Dividends
Dividend History
PACE Global Real Estate Securities Investments provided a 2.35% dividend yield over the last twelve months, with an annual payout of $0.16 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 | $0.16 | $0.16 | $0.11 | $0.08 | $0.04 | $0.24 | $0.17 | $0.36 | $0.23 | $0.04 | $0.30 | $0.19 |
Dividend yield | 2.35% | 2.50% | 1.65% | 1.19% | 0.66% | 2.77% | 2.47% | 4.68% | 3.43% | 0.50% | 4.21% | 2.72% |
Monthly Dividends
The table displays the monthly dividend distributions for PACE Global Real Estate Securities 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 | $0.16 | $0.16 |
| 2024 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.11 | $0.11 |
| 2023 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.08 | $0.08 |
| 2022 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.04 | $0.04 |
| 2021 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.24 | $0.24 |
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 Global Real Estate Securities 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 Global Real Estate Securities Investments was 72.43%, occurring on Mar 9, 2009. Recovery took 1888 trading sessions.
The current PACE Global Real Estate Securities Investments drawdown is 14.69%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
Financial crisis2007–2009 | -72.43%Mar 2009 | 2y 1mo | 7y 6mo | 9y 7moFeb 2007 - Sep 2016 |
COVID crash2020 | -43.59%Mar 2020 | 1mo 4d | 1y 1mo | 1y 2moFeb 2020 - Apr 2021 |
2023 bear market2023 | -35.95%Oct 2023 | 1y 9mo | — | 4y 5moJan 2022 - now |
Rate-hike selloffLate 2018 | -12.99%Dec 2018 | 1y 6d | 2mo 17d | 1y 2moDec 2017 - Mar 2019 |
2016 correction2016 | -11.44%Nov 2016 | 2mo 11d | 10mo 29d | 1y 1moSep 2016 - Oct 2017 |
Drawdown Indicators
| PREAX | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -72.43% | -56.78% | -15.65% |
Max Drawdown (1Y)Largest decline over 1 year | -10.47% | -9.10% | -1.37% |
Max Drawdown (3Y)Largest decline over 3 years | -21.93% | -18.90% | -3.03% |
Max Drawdown (5Y)Largest decline over 5 years | -35.95% | -25.43% | -10.52% |
Max Drawdown (10Y)Largest decline over 10 years | -43.59% | -33.92% | -9.67% |
Current DrawdownCurrent decline from peak | -14.69% | -1.80% | -12.89% |
Average DrawdownAverage peak-to-trough decline | -20.28% | -10.71% | -9.57% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.97% | 2.03% | +0.94% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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