PASIX vs. UEIPX

Last updated Aug 1, 2026

PASIX (PACE Alternative Strategies Investments) and UEIPX (UBS Engage For Impact Fund) are both mutual funds - PASIX is a Multistrategy fund managed by UBS, while UEIPX is a Global Equities fund managed by UBS. Their 0.69 correlation means they have sometimes moved together and sometimes differently. PASIX charges 1.88%/yr vs 0.85%/yr for UEIPX.

Performance

PASIX vs. UEIPX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in PACE Alternative Strategies Investments (PASIX) and UBS Engage For Impact Fund (UEIPX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

PASIX

• 1D: 0.10%
• 1M: -0.76%
• 6M: 1.66%
• YTD: 2.56%
• 1Y: 6.07%
• 3Y*: 6.99%
• 5Y*: 4.50%
• 10Y*: 3.77%
• ALL TIME*: 2.56%

UEIPX

• 1D: —
• 1M: —
• 6M: —
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: —

*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)
PASIX PACE Alternative Strategies Investments	$0.00	$0.00	$0.00

PASIX vs. UEIPX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018
PASIX PACE Alternative Strategies Investments	2.56%	7.47%	6.56%	4.97%	0.22%	2.60%	9.48%	6.08%	-1.81%
UEIPX UBS Engage For Impact Fund	8.16%	20.69%	10.39%	16.46%	-22.35%	16.12%	16.94%	23.66%	-5.23%

Correlation

The correlation between PASIX and UEIPX is 0.59, 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.	0.59
Correlation (3Y) Balances recent behavior with more history.	0.67
Correlation (5Y) Shows whether the relationship held over a longer period.	0.65
Correlation (All Time) Calculated using the full available price history since Oct 29, 2018	0.69

The correlation between PASIX and UEIPX has been stable across timeframes, ranging from 0.59 to 0.69 - a consistent structural relationship.

Return for Risk

PASIX vs. UEIPX — Risk / Return Rank

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

PASIX

PASIX Risk / Return Rank: 43
PASIX Sharpe Ratio Rank: 41
PASIX Sortino Ratio Rank: 41
PASIX Omega Ratio Rank: 42
PASIX Calmar Ratio Rank: 45
PASIX Martin Ratio Rank: 46

UEIPX

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

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.

PASIX vs. UEIPX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for PACE Alternative Strategies Investments (PASIX) and UBS Engage For Impact Fund (UEIPX). 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.

	PASIX	UEIPX	Difference
Sharpe ratio: Return per unit of total volatility	1.22	—	—
Sortino ratio: Return per unit of downside risk	1.78	—	—
Omega ratio: Gain probability vs. loss probability	1.23	—	—
Calmar ratio: Return relative to maximum drawdown	1.77	—	—
Martin ratio: Return relative to average drawdown	6.54	—	—

Drawdowns

Drawdown Indicators

	PASIX	UEIPX	Difference
Max Drawdown Largest peak-to-trough decline	-32.27%	—	—
Max Drawdown (1Y) Largest decline over 1 year	-3.36%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-4.01%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-4.57%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-10.50%	—	—
Current Drawdown Current decline from peak	-1.42%	—	—
Average Drawdown Average peak-to-trough decline	-6.27%	—	—
Ulcer Index Depth and duration of drawdowns from previous peaks	0.90%	—	—

Volatility

Volatility by Period

	PASIX	UEIPX	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.21%	—	—
Volatility (6M) Calculated over the trailing 6-month period	4.02%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	4.87%	—	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	5.08%	—	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	5.06%	—	—

PASIX vs. UEIPX - Expense Ratio Comparison

PASIX has a 1.88% expense ratio, which is higher than UEIPX's 0.85% expense ratio.

Dividends

PASIX vs. UEIPX - Dividend Comparison

PASIX's dividend yield for the trailing twelve months is around 10.66%, less than UEIPX's 12.61% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
PASIX PACE Alternative Strategies Investments	10.66%	10.93%	7.96%	3.57%	2.42%	6.45%	4.82%	0.00%	2.89%	0.00%	0.00%	2.14%
UEIPX UBS Engage For Impact Fund	12.61%	13.64%	4.91%	0.66%	0.95%	11.99%	0.76%	2.68%	0.07%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both PASIX and UEIPX in my portfolio?

PASIX and UEIPX have a correlation of 0.59, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.