PCLCX vs. USIAX

Last updated Jun 4, 2026

PCLCX (PACE Large Co Growth Equity Investments) and USIAX (UBS Ultra Short Income Fund) are both mutual funds - PCLCX is a Large Cap Growth Equities fund managed by UBS, while USIAX is a Ultrashort Bond fund managed by UBS. At a 0.00 correlation, their price movements are largely independent. PCLCX charges 0.88%/yr vs 0.35%/yr for USIAX.

Performance

PCLCX vs. USIAX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in PACE Large Co Growth Equity Investments (PCLCX) and UBS Ultra Short Income Fund (USIAX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

PCLCX

• 1D: 0.17%
• 1M: 5.85%
• YTD: 4.62%
• 6M: 3.69%
• 1Y: 14.62%
• 3Y*: 18.85%
• 5Y*: 10.25%
• 10Y*: 14.88%

USIAX

• 1D: 0.00%
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

PCLCX vs. USIAX - Yearly Performance Comparison

	2026 (YTD)
PCLCX PACE Large Co Growth Equity Investments	1.24%
USIAX UBS Ultra Short Income Fund	0.32%

Correlation

The correlation between PCLCX and USIAX is 0.00, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (All Time) Calculated using the full available price history since May 29, 2026	0.00

Return for Risk

PCLCX vs. USIAX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

PCLCX

PCLCX Risk / Return Rank: 13
PCLCX Sharpe Ratio Rank: 16
PCLCX Sortino Ratio Rank: 16
PCLCX Omega Ratio Rank: 16
PCLCX Calmar Ratio Rank: 10
PCLCX Martin Ratio Rank: 9

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

PCLCX vs. USIAX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for PACE Large Co Growth Equity Investments (PCLCX) and UBS Ultra Short Income Fund (USIAX). 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.

	PCLCX	USIAX	Difference
Sharpe ratio: Return per unit of total volatility	1.15	—	—
Sortino ratio: Return per unit of downside risk	1.65	—	—
Omega ratio: Gain probability vs. loss probability	1.21	—	—
Calmar ratio: Return relative to maximum drawdown	0.95	—	—
Martin ratio: Return relative to average drawdown	2.72	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	PCLCX	USIAX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.15	—	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.28	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.49	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.37	12.88	-12.51

Drawdowns

PCLCX vs. USIAX - Drawdown Comparison

The maximum PCLCX drawdown since its inception was -63.98%, which is greater than USIAX's maximum drawdown of 0.00%. Use the drawdown chart below to compare losses from any high point for PCLCX and USIAX.

Drawdown Indicators

	PCLCX	USIAX	Difference
Max Drawdown Largest peak-to-trough decline	-63.98%	0.00%	-63.98%
Max Drawdown (1Y) Largest decline over 1 year	-17.06%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-21.26%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-38.81%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-38.81%	—	—
Current Drawdown Current decline from peak	-0.38%	0.00%	-0.38%
Average Drawdown Average peak-to-trough decline	-20.34%	0.00%	-20.34%
Ulcer Index Depth and duration of drawdowns from previous peaks	5.72%	—	—

Volatility

Volatility by Period

	PCLCX	USIAX	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.24%	—	—
Volatility (6M) Calculated over the trailing 6-month period	11.15%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	14.06%	2.98%	+11.08%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	36.92%	2.98%	+33.94%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	30.99%	2.98%	+28.01%

PCLCX vs. USIAX - Expense Ratio Comparison

PCLCX has a 0.88% expense ratio, which is higher than USIAX's 0.35% expense ratio.

Dividends

PCLCX vs. USIAX - Dividend Comparison

PCLCX's dividend yield for the trailing twelve months is around 19.74%, more than USIAX's 0.32% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
PCLCX PACE Large Co Growth Equity Investments	19.74%	20.66%	11.94%	2.09%	60.17%	22.81%	18.38%	16.53%	22.05%	10.32%	3.30%	17.60%
USIAX UBS Ultra Short Income Fund	0.32%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both PCLCX and USIAX in my portfolio?

PCLCX and USIAX have a correlation of 0.00, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.