BNUEX vs. PCSGX

Last updated Aug 1, 2026

BNUEX (UBS International Sustainable Equity Fund) and PCSGX (PACE Small/Medium Co Growth Equity Investments) are both mutual funds - BNUEX is a Foreign Large Cap Equities fund managed by UBS, while PCSGX is a Small Cap Growth Equities fund managed by UBS. Over the past 10 years, BNUEX returned 8.97%/yr vs 10.60%/yr for PCSGX. Their 0.57 correlation means they have sometimes moved together and sometimes differently. BNUEX charges 1.00%/yr vs 1.03%/yr for PCSGX.

Performance

BNUEX vs. PCSGX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in UBS International Sustainable Equity Fund (BNUEX) and PACE Small/Medium Co Growth Equity Investments (PCSGX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, BNUEX achieves a 9.72% return, which is significantly lower than PCSGX's 13.18% return. Over the past 10 years, BNUEX has underperformed PCSGX with an annualized return of 8.97%, while PCSGX has yielded a comparatively higher 10.60% annualized return.

BNUEX

• 1D: 1.61%
• 1M: 2.36%
• 6M: 7.18%
• YTD: 9.72%
• 1Y: 22.31%
• 3Y*: 14.58%
• 5Y*: 8.17%
• 10Y*: 8.97%
• ALL TIME*: 5.83%

PCSGX

• 1D: 2.12%
• 1M: -4.04%
• 6M: 13.97%
• YTD: 13.18%
• 1Y: 20.63%
• 3Y*: 8.77%
• 5Y*: 2.11%
• 10Y*: 10.60%
• ALL TIME*: 13.31%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
BNUEX UBS International Sustainable Equity Fund	$0.00	$0.00	$0.00
PCSGX PACE Small/Medium Co Growth Equity Investments	$0.00	$0.00	$0.00

BNUEX vs. PCSGX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
BNUEX UBS International Sustainable Equity Fund	9.72%	29.10%	6.62%	15.40%	-14.08%	3.24%	12.95%	22.61%	-16.73%	31.21%
PCSGX PACE Small/Medium Co Growth Equity Investments	13.18%	2.00%	12.20%	15.89%	-26.58%	14.91%	38.85%	24.05%	0.33%	23.26%

Correlation

The correlation between BNUEX and PCSGX is 0.55, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.55
Correlation (3Y) Balances recent behavior with more history.	0.59
Correlation (5Y) Shows whether the relationship held over a longer period.	0.65
Correlation (10Y) Provides a long-term view across more market conditions.	0.62
Correlation (All Time) Calculated using the full available price history since Aug 18, 1995	0.57

The correlation between BNUEX and PCSGX shifts across timeframes, from 0.55 (1 year) to 0.65 (5 years), reflecting how their relationship changes across market environments.

Return for Risk

BNUEX vs. PCSGX — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

BNUEX

BNUEX Risk / Return Rank: 71
BNUEX Sharpe Ratio Rank: 73
BNUEX Sortino Ratio Rank: 70
BNUEX Omega Ratio Rank: 71
BNUEX Calmar Ratio Rank: 68
BNUEX Martin Ratio Rank: 74

PCSGX

PCSGX Risk / Return Rank: 32
PCSGX Sharpe Ratio Rank: 29
PCSGX Sortino Ratio Rank: 33
PCSGX Omega Ratio Rank: 28
PCSGX Calmar Ratio Rank: 35
PCSGX Martin Ratio Rank: 35

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

BNUEX vs. PCSGX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for UBS International Sustainable Equity Fund (BNUEX) and PACE Small/Medium Co Growth Equity Investments (PCSGX). 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.

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.

	BNUEX	PCSGX	Difference
Sharpe ratio: Return per unit of total volatility	1.71	1.00	+0.71
Sortino ratio: Return per unit of downside risk	2.39	1.60	+0.79
Omega ratio: Gain probability vs. loss probability	1.31	1.18	+0.14
Calmar ratio: Return relative to maximum drawdown	2.25	1.53	+0.73
Martin ratio: Return relative to average drawdown	9.07	5.26	+3.81

BNUEX vs. PCSGX - Sharpe Ratio Comparison

The current BNUEX Sharpe Ratio is 1.71, which is higher than the PCSGX Sharpe Ratio of 1.00. The chart below compares the historical Sharpe Ratios of BNUEX and PCSGX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

BNUEX vs. PCSGX - Drawdown Comparison

The maximum BNUEX drawdown since its inception was -61.03%, which is greater than PCSGX's maximum drawdown of -56.32%. Use the drawdown chart below to compare losses from any high point for BNUEX and PCSGX.

Drawdown Indicators

	BNUEX	PCSGX	Difference
Max Drawdown Largest peak-to-trough decline	-61.03%	-56.32%	-4.71%
Max Drawdown (1Y) Largest decline over 1 year	-10.04%	-13.48%	+3.44%
Max Drawdown (3Y) Largest decline over 3 years	-15.71%	-27.64%	+11.93%
Max Drawdown (5Y) Largest decline over 5 years	-30.38%	-37.48%	+7.10%
Max Drawdown (10Y) Largest decline over 10 years	-36.07%	-39.35%	+3.28%
Current Drawdown Current decline from peak	0.00%	-6.02%	+6.02%
Average Drawdown Average peak-to-trough decline	-11.99%	-12.35%	+0.36%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.46%	3.82%	-1.36%

Volatility

BNUEX vs. PCSGX - Volatility Comparison

The current volatility for UBS International Sustainable Equity Fund (BNUEX) is 3.21%, while PACE Small/Medium Co Growth Equity Investments (PCSGX) has a volatility of 5.42%. This indicates that BNUEX experiences smaller price fluctuations and is considered to be less risky than PCSGX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	BNUEX	PCSGX	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.21%	5.42%	-2.21%
Volatility (6M) Calculated over the trailing 6-month period	10.27%	15.49%	-5.22%
Volatility (1Y) Calculated over the trailing 1-year period	13.23%	20.54%	-7.31%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.44%	23.03%	-7.59%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.73%	22.87%	-7.14%

BNUEX vs. PCSGX - Expense Ratio Comparison

BNUEX has a 1.00% expense ratio, which is lower than PCSGX's 1.03% expense ratio.

Dividends

BNUEX vs. PCSGX - Dividend Comparison

BNUEX's dividend yield for the trailing twelve months is around 1.77%, less than PCSGX's 5.66% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
BNUEX UBS International Sustainable Equity Fund	1.77%	1.94%	1.64%	0.85%	14.17%	9.87%	1.30%	1.43%	1.99%	1.38%	2.37%	1.31%
PCSGX PACE Small/Medium Co Growth Equity Investments	5.66%	6.40%	3.06%	0.00%	0.00%	45.92%	6.50%	15.70%	20.15%	5.56%	0.00%	25.13%

Frequently Asked Questions

Can I hold both BNUEX and PCSGX in my portfolio?

BNUEX and PCSGX have a correlation of 0.55, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, BNUEX or PCSGX?

PCSGX has higher volatility (5.42%) compared to BNUEX (3.21%). In terms of maximum drawdown, BNUEX dropped -61.03% vs PCSGX's -56.32%.

Which has better risk-adjusted returns?

BNUEX currently has the higher Sharpe Ratio (1.71 vs 1.00), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.