Correlation
The correlation between PCMNX and BBBS is 0.12, 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.
PCMNX vs. BBBS
Compare and contrast key facts about PACE Municipal Fixed Income Investments (PCMNX) and Bondbloxx BBB Rated 1-5 Year Corporate Bond ETF (BBBS).
PCMNX is managed by UBS Asset Management. It was launched on Aug 23, 1995. BBBS is a passively managed fund by BondBloxx that tracks the performance of the Bloomberg U.S. Corporate BBB 1-5 Year Index. It was launched on Jan 23, 2024.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: PCMNX or BBBS.
Performance
PCMNX vs. BBBS - Performance Comparison
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Key characteristics
PCMNX:
0.54
BBBS:
2.88
PCMNX:
0.61
BBBS:
4.40
PCMNX:
1.11
BBBS:
1.61
PCMNX:
0.41
BBBS:
5.01
PCMNX:
1.53
BBBS:
15.43
PCMNX:
1.26%
BBBS:
0.46%
PCMNX:
4.20%
BBBS:
2.48%
PCMNX:
-11.62%
BBBS:
-1.43%
PCMNX:
-2.31%
BBBS:
0.00%
Returns By Period
In the year-to-date period, PCMNX achieves a -0.35% return, which is significantly lower than BBBS's 2.66% return.
PCMNX
-0.35%
0.15%
-1.35%
2.27%
1.83%
0.64%
1.91%
BBBS
2.66%
0.42%
2.56%
7.09%
N/A
N/A
N/A
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PCMNX vs. BBBS - Expense Ratio Comparison
PCMNX has a 0.57% expense ratio, which is higher than BBBS's 0.19% expense ratio.
Risk-Adjusted Performance
PCMNX vs. BBBS — Risk-Adjusted Performance Rank
PCMNX
BBBS
PCMNX vs. BBBS - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for PACE Municipal Fixed Income Investments (PCMNX) and Bondbloxx BBB Rated 1-5 Year Corporate Bond ETF (BBBS). 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.
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Dividends
PCMNX vs. BBBS - Dividend Comparison
PCMNX's dividend yield for the trailing twelve months is around 2.71%, less than BBBS's 4.43% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PCMNX PACE Municipal Fixed Income Investments | 2.71% | 2.58% | 2.38% | 2.29% | 2.39% | 2.48% | 3.19% | 3.09% | 2.89% | 3.57% | 3.22% | 2.72% |
BBBS Bondbloxx BBB Rated 1-5 Year Corporate Bond ETF | 4.43% | 4.30% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
PCMNX vs. BBBS - Drawdown Comparison
The maximum PCMNX drawdown since its inception was -11.62%, which is greater than BBBS's maximum drawdown of -1.43%. Use the drawdown chart below to compare losses from any high point for PCMNX and BBBS.
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Volatility
PCMNX vs. BBBS - Volatility Comparison
The current volatility for PACE Municipal Fixed Income Investments (PCMNX) is 0.56%, while Bondbloxx BBB Rated 1-5 Year Corporate Bond ETF (BBBS) has a volatility of 0.64%. This indicates that PCMNX experiences smaller price fluctuations and is considered to be less risky than BBBS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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