PCEMX vs. UTBPX
Compare and contrast key facts about PACE International Emerging Markets Equity Investments (PCEMX) and UBS Multi Income Bond Fund (UTBPX).
PCEMX is managed by UBS. It was launched on Aug 23, 1995. UTBPX is managed by UBS. It was launched on Dec 19, 1972.
Performance
PCEMX vs. UTBPX - Performance Comparison
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PCEMX vs. UTBPX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
PCEMX PACE International Emerging Markets Equity Investments | 0.24% | 36.75% | 4.15% | 10.33% | -18.97% | -1.79% | 20.13% | 19.01% | -16.42% | 34.14% |
UTBPX UBS Multi Income Bond Fund | -1.29% | 6.60% | 1.67% | 6.67% | -11.74% | -1.49% | 6.51% | 10.62% | -2.08% | 4.81% |
Returns By Period
In the year-to-date period, PCEMX achieves a 0.24% return, which is significantly higher than UTBPX's -1.29% return.
PCEMX
- 1D
- -0.99%
- 1M
- -14.42%
- YTD
- 0.24%
- 6M
- 4.50%
- 1Y
- 32.08%
- 3Y*
- 14.19%
- 5Y*
- 3.97%
- 10Y*
- 7.49%
UTBPX
- 1D
- 0.38%
- 1M
- -2.61%
- YTD
- -1.29%
- 6M
- -0.05%
- 1Y
- 3.65%
- 3Y*
- 3.65%
- 5Y*
- 0.50%
- 10Y*
- —
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PCEMX vs. UTBPX - Expense Ratio Comparison
PCEMX has a 1.20% expense ratio, which is lower than UTBPX's 1.72% expense ratio.
Return for Risk
PCEMX vs. UTBPX — Risk / Return Rank
PCEMX
UTBPX
PCEMX vs. UTBPX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for PACE International Emerging Markets Equity Investments (PCEMX) and UBS Multi Income Bond Fund (UTBPX). 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.
| PCEMX | UTBPX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.82 | 0.87 | +0.96 |
Sortino ratioReturn per unit of downside risk | 2.31 | 1.22 | +1.09 |
Omega ratioGain probability vs. loss probability | 1.36 | 1.16 | +0.19 |
Calmar ratioReturn relative to maximum drawdown | 2.34 | 1.19 | +1.15 |
Martin ratioReturn relative to average drawdown | 8.95 | 3.98 | +4.97 |
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
| PCEMX | UTBPX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.82 | 0.87 | +0.96 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.24 | 0.10 | +0.13 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.44 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.23 | 0.44 | -0.20 |
Correlation
The correlation between PCEMX and UTBPX is 0.08, 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
PCEMX vs. UTBPX - Dividend Comparison
PCEMX's dividend yield for the trailing twelve months is around 4.89%, more than UTBPX's 4.63% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PCEMX PACE International Emerging Markets Equity Investments | 4.89% | 4.91% | 1.22% | 1.44% | 2.52% | 11.70% | 1.10% | 1.04% | 1.84% | 1.16% | 1.09% | 1.09% |
UTBPX UBS Multi Income Bond Fund | 4.63% | 4.18% | 4.53% | 3.54% | 2.84% | 1.89% | 2.11% | 2.80% | 3.05% | 2.46% | 1.68% | 0.00% |
Drawdowns
PCEMX vs. UTBPX - Drawdown Comparison
The maximum PCEMX drawdown since its inception was -65.32%, which is greater than UTBPX's maximum drawdown of -16.84%. Use the drawdown chart below to compare losses from any high point for PCEMX and UTBPX.
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Drawdown Indicators
| PCEMX | UTBPX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -65.32% | -16.84% | -48.48% |
Max Drawdown (1Y)Largest decline over 1 year | -14.42% | -3.13% | -11.29% |
Max Drawdown (5Y)Largest decline over 5 years | -36.66% | -16.84% | -19.82% |
Max Drawdown (10Y)Largest decline over 10 years | -39.17% | — | — |
Current DrawdownCurrent decline from peak | -14.42% | -2.61% | -11.81% |
Average DrawdownAverage peak-to-trough decline | -20.98% | -4.09% | -16.89% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.82% | 0.94% | +2.88% |
Volatility
PCEMX vs. UTBPX - Volatility Comparison
PACE International Emerging Markets Equity Investments (PCEMX) has a higher volatility of 8.92% compared to UBS Multi Income Bond Fund (UTBPX) at 1.94%. This indicates that PCEMX's price experiences larger fluctuations and is considered to be riskier than UTBPX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PCEMX | UTBPX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.92% | 1.94% | +6.98% |
Volatility (6M)Calculated over the trailing 6-month period | 13.34% | 2.52% | +10.82% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.15% | 4.40% | +13.75% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.07% | 4.81% | +12.26% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.29% | 4.34% | +12.95% |