PASIX vs. SHRIX
Compare and contrast key facts about PACE Alternative Strategies Investments (PASIX) and Stone Ridge High Yield Reinsurance Risk Premium Fund Class I (SHRIX).
PASIX is managed by UBS. It was launched on Apr 9, 2006. SHRIX is an actively managed fund by Stone Ridge. It was launched on Feb 1, 2013.
Performance
PASIX vs. SHRIX - Performance Comparison
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PASIX vs. SHRIX - 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% | 1.39% |
SHRIX Stone Ridge High Yield Reinsurance Risk Premium Fund Class I | 0.00% | 10.70% | 16.73% | 21.07% | -3.37% | 1.88% | 6.86% | 4.58% | 2.81% | -7.49% |
Returns By Period
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%
SHRIX
- 1D
- 0.00%
- 1M
- -1.44%
- YTD
- 0.00%
- 6M
- 3.04%
- 1Y
- 12.33%
- 3Y*
- 14.16%
- 5Y*
- 8.98%
- 10Y*
- —
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PASIX vs. SHRIX - Expense Ratio Comparison
PASIX has a 1.88% expense ratio, which is higher than SHRIX's 1.76% expense ratio.
Return for Risk
PASIX vs. SHRIX — Risk / Return Rank
PASIX
SHRIX
PASIX vs. SHRIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for PACE Alternative Strategies Investments (PASIX) and Stone Ridge High Yield Reinsurance Risk Premium Fund Class I (SHRIX). 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 | SHRIX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.48 | 5.22 | -3.74 |
Sortino ratioReturn per unit of downside risk | 2.09 | 6.05 | -3.96 |
Omega ratioGain probability vs. loss probability | 1.30 | 4.39 | -3.09 |
Calmar ratioReturn relative to maximum drawdown | 1.92 | 6.65 | -4.73 |
Martin ratioReturn relative to average drawdown | 8.13 | 58.02 | -49.88 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| PASIX | SHRIX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.48 | 5.22 | -3.74 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.81 | 1.44 | -0.63 |
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 | 0.91 | -0.55 |
Correlation
The correlation between PASIX and SHRIX is 0.03, 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. SHRIX - Dividend Comparison
PASIX's dividend yield for the trailing twelve months is around 10.94%, which matches SHRIX's 10.92% 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% |
SHRIX Stone Ridge High Yield Reinsurance Risk Premium Fund Class I | 10.92% | 10.92% | 14.34% | 12.34% | 3.89% | 4.61% | 6.34% | 5.06% | 5.09% | 0.35% | 0.00% | 0.00% |
Drawdowns
PASIX vs. SHRIX - Drawdown Comparison
The maximum PASIX drawdown since its inception was -32.27%, which is greater than SHRIX's maximum drawdown of -14.34%. Use the drawdown chart below to compare losses from any high point for PASIX and SHRIX.
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Drawdown Indicators
| PASIX | SHRIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -32.27% | -14.34% | -17.93% |
Max Drawdown (1Y)Largest decline over 1 year | -3.36% | -1.87% | -1.49% |
Max Drawdown (5Y)Largest decline over 5 years | -5.22% | -12.69% | +7.47% |
Max Drawdown (10Y)Largest decline over 10 years | -10.50% | — | — |
Current DrawdownCurrent decline from peak | -2.78% | -1.87% | -0.91% |
Average DrawdownAverage peak-to-trough decline | -6.37% | -2.08% | -4.29% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.79% | 0.21% | +0.58% |
Volatility
PASIX vs. SHRIX - Volatility Comparison
PACE Alternative Strategies Investments (PASIX) has a higher volatility of 2.38% compared to Stone Ridge High Yield Reinsurance Risk Premium Fund Class I (SHRIX) at 1.93%. This indicates that PASIX's price experiences larger fluctuations and is considered to be riskier than SHRIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PASIX | SHRIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.38% | 1.93% | +0.45% |
Volatility (6M)Calculated over the trailing 6-month period | 3.64% | 2.13% | +1.51% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.49% | 2.40% | +2.09% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.02% | 6.26% | -1.24% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.01% | 6.35% | -1.34% |