AVIGX vs. PCGTX

Last updated Apr 1, 2026

Compare and contrast key facts about Avantis Core Fixed Income Fund (AVIGX) and PACE Mortgage-Backed Securities Fixed Income Investments (PCGTX).

AVIGX is managed by Avantis Investors. It was launched on Feb 23, 2021. PCGTX is managed by UBS. It was launched on Aug 24, 1995.

Performance

AVIGX vs. PCGTX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Avantis Core Fixed Income Fund (AVIGX) and PACE Mortgage-Backed Securities Fixed Income Investments (PCGTX). The values are adjusted to include any dividend payments, if applicable.

AVIGX vs. PCGTX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
AVIGX Avantis Core Fixed Income Fund	-0.93%	8.04%	2.07%	5.13%	-13.62%	0.99%
PCGTX PACE Mortgage-Backed Securities Fixed Income Investments	2.45%	7.84%	0.98%	5.12%	-13.48%	-0.35%

Returns By Period

In the year-to-date period, AVIGX achieves a -0.93% return, which is significantly lower than PCGTX's 2.45% return.

AVIGX

• 1D: 0.48%
• 1M: -2.56%
• YTD: -0.93%
• 6M: 0.28%
• 1Y: 4.18%
• 3Y*: 3.62%
• 5Y*: 0.16%
• 10Y*: —

PCGTX

• 1D: 0.76%
• 1M: -1.85%
• YTD: 2.45%
• 6M: 4.22%
• 1Y: 7.91%
• 3Y*: 4.61%
• 5Y*: 0.31%
• 10Y*: 1.61%

*Multi-year figures are annualized to reflect compound growth (CAGR)

AVIGX vs. PCGTX - Expense Ratio Comparison

AVIGX has a 0.15% expense ratio, which is lower than PCGTX's 0.73% expense ratio.

PCGTX

PACE Mortgage-Backed Securities Fixed Income Investments

AVIGX

Avantis Core Fixed Income Fund

Return for Risk

AVIGX vs. PCGTX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

AVIGX

AVIGX Risk / Return Rank: 56
AVIGX Sharpe Ratio Rank: 54
AVIGX Sortino Ratio Rank: 53
AVIGX Omega Ratio Rank: 39
AVIGX Calmar Ratio Rank: 75
AVIGX Martin Ratio Rank: 58

PCGTX

PCGTX Risk / Return Rank: 80
PCGTX Sharpe Ratio Rank: 77
PCGTX Sortino Ratio Rank: 85
PCGTX Omega Ratio Rank: 75
PCGTX Calmar Ratio Rank: 89
PCGTX Martin Ratio Rank: 73

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

AVIGX vs. PCGTX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Avantis Core Fixed Income Fund (AVIGX) and PACE Mortgage-Backed Securities Fixed Income Investments (PCGTX). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

	AVIGX	PCGTX	Difference
Sharpe ratio Return per unit of total volatility	1.04	1.39	-0.35
Sortino ratio Return per unit of downside risk	1.49	2.24	-0.75
Omega ratio Gain probability vs. loss probability	1.18	1.29	-0.11
Calmar ratio Return relative to maximum drawdown	1.76	2.45	-0.69
Martin ratio Return relative to average drawdown	5.61	7.00	-1.39
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

AVIGX vs. PCGTX - Sharpe Ratio Comparison

The current AVIGX Sharpe Ratio is 1.04, which is comparable to the PCGTX Sharpe Ratio of 1.39. The chart below compares the historical Sharpe Ratios of AVIGX and PCGTX, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	AVIGX	PCGTX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.04	1.39	-0.35
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.03	0.04	-0.02
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.30	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.01	0.97	-0.96

Correlation

The correlation between AVIGX and PCGTX is 0.88, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.

Dividends

AVIGX vs. PCGTX - Dividend Comparison

AVIGX's dividend yield for the trailing twelve months is around 4.13%, less than PCGTX's 4.44% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
AVIGX Avantis Core Fixed Income Fund	4.13%	4.45%	4.97%	2.92%	3.01%	0.79%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
PCGTX PACE Mortgage-Backed Securities Fixed Income Investments	4.44%	3.78%	5.36%	5.02%	3.67%	2.87%	3.23%	3.53%	3.34%	2.96%	2.71%	2.21%

Drawdowns

AVIGX vs. PCGTX - Drawdown Comparison

The maximum AVIGX drawdown since its inception was -19.39%, roughly equal to the maximum PCGTX drawdown of -19.34%. Use the drawdown chart below to compare losses from any high point for AVIGX and PCGTX.

Drawdown Indicators

	AVIGX	PCGTX	Difference
Max Drawdown Largest peak-to-trough decline	-19.39%	-19.34%	-0.05%
Max Drawdown (1Y) Largest decline over 1 year	-3.03%	-3.10%	+0.07%
Max Drawdown (5Y) Largest decline over 5 years	-19.39%	-19.20%	-0.19%
Max Drawdown (10Y) Largest decline over 10 years	—	-19.34%	—
Current Drawdown Current decline from peak	-2.78%	-1.85%	-0.93%
Average Drawdown Average peak-to-trough decline	-8.56%	-1.86%	-6.70%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.95%	1.09%	-0.14%

Volatility

AVIGX vs. PCGTX - Volatility Comparison

The current volatility for Avantis Core Fixed Income Fund (AVIGX) is 1.73%, while PACE Mortgage-Backed Securities Fixed Income Investments (PCGTX) has a volatility of 2.13%. This indicates that AVIGX experiences smaller price fluctuations and is considered to be less risky than PCGTX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	AVIGX	PCGTX	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.73%	2.13%	-0.40%
Volatility (6M) Calculated over the trailing 6-month period	2.72%	4.13%	-1.41%
Volatility (1Y) Calculated over the trailing 1-year period	4.56%	6.23%	-1.67%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	6.15%	7.10%	-0.95%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	6.13%	5.35%	+0.78%