EMPTX vs. USIAX

Last updated Jun 4, 2026

EMPTX (UBS Emerging Markets Equity Opportunity Fund) and USIAX (UBS Ultra Short Income Fund) are both mutual funds - EMPTX is a Emerging Markets Diversified fund managed by UBS, while USIAX is a Ultrashort Bond fund managed by UBS. At a correlation of -0.87, they often move in opposite directions. EMPTX charges 0.19%/yr vs 0.35%/yr for USIAX.

Performance

EMPTX vs. USIAX - Performance Comparison

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

Returns By Period

EMPTX

• 1D: 1.55%
• 1M: 10.37%
• YTD: 30.51%
• 6M: 34.39%
• 1Y: 68.31%
• 3Y*: 26.97%
• 5Y*: 6.59%
• 10Y*: —

USIAX

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

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

EMPTX vs. USIAX - Yearly Performance Comparison

	2026 (YTD)
EMPTX UBS Emerging Markets Equity Opportunity Fund	4.57%
USIAX UBS Ultra Short Income Fund	0.32%

Correlation

The correlation between EMPTX and USIAX is -0.87, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.

	Correlation
Correlation (All Time) Calculated using the full available price history since May 29, 2026	-0.87

Return for Risk

EMPTX vs. USIAX — Risk / Return Rank

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

EMPTX

EMPTX Risk / Return Rank: 94
EMPTX Sharpe Ratio Rank: 98
EMPTX Sortino Ratio Rank: 94
EMPTX Omega Ratio Rank: 93
EMPTX Calmar Ratio Rank: 93
EMPTX Martin Ratio Rank: 93

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.

EMPTX vs. USIAX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for UBS Emerging Markets Equity Opportunity Fund (EMPTX) 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.

	EMPTX	USIAX	Difference
Sharpe ratio: Return per unit of total volatility	4.00	—	—
Sortino ratio: Return per unit of downside risk	4.80	—	—
Omega ratio: Gain probability vs. loss probability	1.71	—	—
Calmar ratio: Return relative to maximum drawdown	5.17	—	—
Martin ratio: Return relative to average drawdown	20.43	—	—
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

	EMPTX	USIAX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	4.00	—	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.35	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.49	12.88	-12.39

Drawdowns

EMPTX vs. USIAX - Drawdown Comparison

The maximum EMPTX drawdown since its inception was -46.03%, which is greater than USIAX's maximum drawdown of 0.00%. Use the drawdown chart below to compare losses from any high point for EMPTX and USIAX.

Drawdown Indicators

	EMPTX	USIAX	Difference
Max Drawdown Largest peak-to-trough decline	-46.03%	0.00%	-46.03%
Max Drawdown (1Y) Largest decline over 1 year	-14.50%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-15.50%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-41.46%	—	—
Current Drawdown Current decline from peak	0.00%	0.00%	0.00%
Average Drawdown Average peak-to-trough decline	-18.37%	0.00%	-18.37%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.54%	—	—

Volatility

Volatility by Period

	EMPTX	USIAX	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.75%	—	—
Volatility (6M) Calculated over the trailing 6-month period	16.12%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	18.72%	2.98%	+15.74%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	19.28%	2.98%	+16.30%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.37%	2.98%	+16.39%

EMPTX vs. USIAX - Expense Ratio Comparison

EMPTX has a 0.19% expense ratio, which is lower than USIAX's 0.35% expense ratio.

Dividends

EMPTX vs. USIAX - Dividend Comparison

EMPTX's dividend yield for the trailing twelve months is around 1.47%, more than USIAX's 0.32% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018
EMPTX UBS Emerging Markets Equity Opportunity Fund	1.47%	1.91%	3.40%	3.20%	3.84%	11.93%	1.50%	2.75%	0.54%
USIAX UBS Ultra Short Income Fund	0.32%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both EMPTX and USIAX in my portfolio?

EMPTX and USIAX have a correlation of -0.87, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.