PCGTX vs. PASIX
Compare and contrast key facts about PACE Mortgage-Backed Securities Fixed Income Investments (PCGTX) and PACE Alternative Strategies Investments (PASIX).
PCGTX is managed by UBS. It was launched on Aug 24, 1995. PASIX is managed by UBS. It was launched on Apr 9, 2006.
Performance
PCGTX vs. PASIX - Performance Comparison
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PCGTX vs. PASIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
PCGTX PACE Mortgage-Backed Securities Fixed Income Investments | 2.45% | 7.84% | 0.98% | 5.12% | -13.48% | -0.61% | 5.75% | 6.55% | 0.17% | 2.83% |
PASIX PACE Alternative Strategies Investments | -0.69% | 7.47% | 6.56% | 4.97% | 0.22% | 2.60% | 9.48% | 6.08% | -5.41% | 3.71% |
Returns By Period
In the year-to-date period, PCGTX achieves a 2.45% return, which is significantly higher than PASIX's -0.69% return. Over the past 10 years, PCGTX has underperformed PASIX with an annualized return of 1.61%, while PASIX has yielded a comparatively higher 3.43% annualized return.
PCGTX
- 1D
- 0.76%
- 1M
- -1.85%
- YTD
- 2.45%
- 6M
- 4.22%
- 1Y
- 7.91%
- 3Y*
- 4.61%
- 5Y*
- 0.31%
- 10Y*
- 1.61%
PASIX
- 1D
- -0.20%
- 1M
- -3.26%
- YTD
- -0.69%
- 6M
- 0.32%
- 1Y
- 5.82%
- 3Y*
- 6.29%
- 5Y*
- 3.98%
- 10Y*
- 3.43%
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PCGTX vs. PASIX - Expense Ratio Comparison
PCGTX has a 0.73% expense ratio, which is lower than PASIX's 1.88% expense ratio.
Return for Risk
PCGTX vs. PASIX — Risk / Return Rank
PCGTX
PASIX
PCGTX vs. PASIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for PACE Mortgage-Backed Securities Fixed Income Investments (PCGTX) and PACE Alternative Strategies Investments (PASIX). 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.
| PCGTX | PASIX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.39 | 1.34 | +0.05 |
Sortino ratioReturn per unit of downside risk | 2.24 | 1.89 | +0.35 |
Omega ratioGain probability vs. loss probability | 1.29 | 1.27 | +0.02 |
Calmar ratioReturn relative to maximum drawdown | 2.45 | 1.70 | +0.75 |
Martin ratioReturn relative to average drawdown | 7.00 | 7.40 | -0.39 |
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
| PCGTX | PASIX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.39 | 1.34 | +0.05 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.04 | 0.80 | -0.76 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.30 | 0.69 | -0.39 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.97 | 0.35 | +0.61 |
Correlation
The correlation between PCGTX and PASIX is -0.05. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.
Dividends
PCGTX vs. PASIX - Dividend Comparison
PCGTX's dividend yield for the trailing twelve months is around 4.44%, less than PASIX's 11.01% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PCGTX PACE Mortgage-Backed Securities Fixed Income Investments | 4.44% | 3.78% | 5.36% | 5.02% | 3.67% | 2.87% | 3.23% | 3.53% | 3.34% | 2.96% | 2.71% | 2.21% |
PASIX PACE Alternative Strategies Investments | 11.01% | 10.93% | 7.96% | 3.57% | 2.42% | 6.45% | 4.82% | 0.00% | 2.89% | 0.00% | 0.00% | 2.14% |
Drawdowns
PCGTX vs. PASIX - Drawdown Comparison
The maximum PCGTX drawdown since its inception was -19.34%, smaller than the maximum PASIX drawdown of -32.27%. Use the drawdown chart below to compare losses from any high point for PCGTX and PASIX.
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Drawdown Indicators
| PCGTX | PASIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -19.34% | -32.27% | +12.93% |
Max Drawdown (1Y)Largest decline over 1 year | -3.10% | -3.36% | +0.26% |
Max Drawdown (5Y)Largest decline over 5 years | -19.20% | -5.22% | -13.98% |
Max Drawdown (10Y)Largest decline over 10 years | -19.34% | -10.50% | -8.84% |
Current DrawdownCurrent decline from peak | -1.85% | -3.36% | +1.51% |
Average DrawdownAverage peak-to-trough decline | -1.86% | -6.37% | +4.51% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.09% | 0.77% | +0.32% |
Volatility
PCGTX vs. PASIX - Volatility Comparison
The current volatility for PACE Mortgage-Backed Securities Fixed Income Investments (PCGTX) is 2.13%, while PACE Alternative Strategies Investments (PASIX) has a volatility of 2.26%. This indicates that PCGTX experiences smaller price fluctuations and is considered to be less risky than PASIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PCGTX | PASIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.13% | 2.26% | -0.13% |
Volatility (6M)Calculated over the trailing 6-month period | 4.13% | 3.59% | +0.54% |
Volatility (1Y)Calculated over the trailing 1-year period | 6.23% | 4.46% | +1.77% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.10% | 5.01% | +2.09% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.35% | 5.01% | +0.34% |