BPGLX vs. USIAX

Last updated Jun 5, 2026

BPGLX (UBS Global Allocation Fund) and USIAX (UBS Ultra Short Income Fund) are both mutual funds - BPGLX is a Global Allocation fund managed by UBS, while USIAX is a Ultrashort Bond fund managed by UBS. At a 0.26 correlation, their price movements are largely independent. BPGLX charges 0.95%/yr vs 0.35%/yr for USIAX.

Performance

BPGLX vs. USIAX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in UBS Global Allocation Fund (BPGLX) and UBS Ultra Short Income Fund (USIAX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

BPGLX

• 1D: -0.60%
• 1M: 3.14%
• YTD: 8.42%
• 6M: 9.18%
• 1Y: 24.47%
• 3Y*: 14.51%
• 5Y*: 5.43%
• 10Y*: 7.51%

USIAX

• 1D: 0.00%
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

BPGLX vs. USIAX - Yearly Performance Comparison

	2026 (YTD)
BPGLX UBS Global Allocation Fund	0.27%
USIAX UBS Ultra Short Income Fund	0.32%

Correlation

The correlation between BPGLX and USIAX is 0.26, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (All Time) Calculated using the full available price history since May 29, 2026	0.26

Return for Risk

BPGLX vs. USIAX — Risk / Return Rank

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

BPGLX

BPGLX Risk / Return Rank: 72
BPGLX Sharpe Ratio Rank: 80
BPGLX Sortino Ratio Rank: 76
BPGLX Omega Ratio Rank: 76
BPGLX Calmar Ratio Rank: 62
BPGLX Martin Ratio Rank: 66

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.

BPGLX vs. USIAX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for UBS Global Allocation Fund (BPGLX) and UBS Ultra Short Income Fund (USIAX). 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.

	BPGLX	USIAX	Difference
Sharpe ratio: Return per unit of total volatility	2.60	—	—
Sortino ratio: Return per unit of downside risk	3.64	—	—
Omega ratio: Gain probability vs. loss probability	1.49	—	—
Calmar ratio: Return relative to maximum drawdown	3.00	—	—
Martin ratio: Return relative to average drawdown	12.61	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	BPGLX	USIAX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.60	—	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.52	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.70	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.52	10.15	-9.64

Drawdowns

BPGLX vs. USIAX - Drawdown Comparison

The maximum BPGLX drawdown since its inception was -53.03%, which is greater than USIAX's maximum drawdown of 0.00%. Use the drawdown chart below to compare losses from any high point for BPGLX and USIAX.

Drawdown Indicators

	BPGLX	USIAX	Difference
Max Drawdown Largest peak-to-trough decline	-53.03%	0.00%	-53.03%
Max Drawdown (1Y) Largest decline over 1 year	-8.99%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-11.25%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-22.24%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-23.37%	—	—
Current Drawdown Current decline from peak	-0.60%	0.00%	-0.60%
Average Drawdown Average peak-to-trough decline	-5.78%	0.00%	-5.78%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.06%	—	—

Volatility

Volatility by Period

	BPGLX	USIAX	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.86%	—	—
Volatility (6M) Calculated over the trailing 6-month period	8.56%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	10.34%	2.58%	+7.76%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	10.62%	2.58%	+8.04%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	10.83%	2.58%	+8.25%

BPGLX vs. USIAX - Expense Ratio Comparison

BPGLX has a 0.95% expense ratio, which is higher than USIAX's 0.35% expense ratio.

Dividends

BPGLX vs. USIAX - Dividend Comparison

BPGLX's dividend yield for the trailing twelve months is around 1.91%, more than USIAX's 0.32% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
BPGLX UBS Global Allocation Fund	1.91%	2.08%	2.02%	2.37%	4.65%	18.98%	1.78%	7.15%	0.00%	1.64%	2.42%	2.83%
USIAX UBS Ultra Short Income Fund	0.32%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both BPGLX and USIAX in my portfolio?

BPGLX and USIAX have a correlation of 0.26, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.