PASIX vs. ARBIX
Compare and contrast key facts about PACE Alternative Strategies Investments (PASIX) and Absolute Convertible Arbitrage Fund Institutional Shares (ARBIX).
PASIX is managed by UBS. It was launched on Apr 9, 2006. ARBIX is an actively managed fund by Absolute Investment Advisers. It was launched on Aug 14, 2017.
Performance
PASIX vs. ARBIX - Performance Comparison
Loading graphics...
PASIX vs. ARBIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
PASIX PACE Alternative Strategies Investments | -0.10% | 7.47% | 6.56% | 4.97% | 0.22% | 2.60% | 9.48% | 6.08% | -5.41% | 1.68% |
ARBIX Absolute Convertible Arbitrage Fund Institutional Shares | 1.65% | 8.29% | 7.53% | 5.30% | -0.53% | 2.95% | 9.28% | 6.38% | 2.07% | 8,411.75% |
Returns By Period
In the year-to-date period, PASIX achieves a -0.10% return, which is significantly lower than ARBIX's 1.65% return.
PASIX
- 1D
- 0.60%
- 1M
- -2.59%
- YTD
- -0.10%
- 6M
- 0.73%
- 1Y
- 6.35%
- 3Y*
- 6.50%
- 5Y*
- 4.03%
- 10Y*
- 3.49%
ARBIX
- 1D
- 0.26%
- 1M
- -0.26%
- YTD
- 1.65%
- 6M
- 3.28%
- 1Y
- 7.86%
- 3Y*
- 7.16%
- 5Y*
- 4.72%
- 10Y*
- —
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
PASIX vs. ARBIX - Expense Ratio Comparison
PASIX has a 1.88% expense ratio, which is higher than ARBIX's 1.47% expense ratio.
Return for Risk
PASIX vs. ARBIX — Risk / Return Rank
PASIX
ARBIX
PASIX vs. ARBIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for PACE Alternative Strategies Investments (PASIX) and Absolute Convertible Arbitrage Fund Institutional Shares (ARBIX). 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.
| PASIX | ARBIX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.48 | 6.20 | -4.72 |
Sortino ratioReturn per unit of downside risk | 2.09 | 11.37 | -9.28 |
Omega ratioGain probability vs. loss probability | 1.30 | 3.06 | -1.76 |
Calmar ratioReturn relative to maximum drawdown | 1.92 | 15.19 | -13.27 |
Martin ratioReturn relative to average drawdown | 8.13 | 70.66 | -62.52 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading graphics...
Sharpe Ratios by Period
| PASIX | ARBIX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.48 | 6.20 | -4.72 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.81 | 2.59 | -1.78 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.70 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.36 | 0.10 | +0.26 |
Correlation
The correlation between PASIX and ARBIX is 0.33, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Dividends
PASIX vs. ARBIX - Dividend Comparison
PASIX's dividend yield for the trailing twelve months is around 10.94%, more than ARBIX's 5.25% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PASIX PACE Alternative Strategies Investments | 10.94% | 10.93% | 7.96% | 3.57% | 2.42% | 6.45% | 4.82% | 0.00% | 2.89% | 0.00% | 0.00% | 2.14% |
ARBIX Absolute Convertible Arbitrage Fund Institutional Shares | 5.25% | 5.34% | 4.87% | 3.62% | 3.33% | 3.12% | 2.92% | 2.83% | 1.97% | 0.24% | 0.00% | 0.00% |
Drawdowns
PASIX vs. ARBIX - Drawdown Comparison
The maximum PASIX drawdown since its inception was -32.27%, which is greater than ARBIX's maximum drawdown of -4.31%. Use the drawdown chart below to compare losses from any high point for PASIX and ARBIX.
Loading graphics...
Drawdown Indicators
| PASIX | ARBIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -32.27% | -4.31% | -27.96% |
Max Drawdown (1Y)Largest decline over 1 year | -3.36% | -0.51% | -2.85% |
Max Drawdown (5Y)Largest decline over 5 years | -5.22% | -4.02% | -1.20% |
Max Drawdown (10Y)Largest decline over 10 years | -10.50% | — | — |
Current DrawdownCurrent decline from peak | -2.78% | -0.26% | -2.52% |
Average DrawdownAverage peak-to-trough decline | -6.37% | -0.40% | -5.97% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.79% | 0.11% | +0.68% |
Volatility
PASIX vs. ARBIX - Volatility Comparison
PACE Alternative Strategies Investments (PASIX) has a higher volatility of 2.38% compared to Absolute Convertible Arbitrage Fund Institutional Shares (ARBIX) at 0.47%. This indicates that PASIX's price experiences larger fluctuations and is considered to be riskier than ARBIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading graphics...
Volatility by Period
| PASIX | ARBIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.38% | 0.47% | +1.91% |
Volatility (6M)Calculated over the trailing 6-month period | 3.64% | 0.90% | +2.74% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.49% | 1.28% | +3.21% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.02% | 1.83% | +3.19% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.01% | 745.92% | -740.91% |