PCMNX vs. BBBS

Last updated Apr 1, 2026

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. 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.

Performance

PCMNX vs. BBBS - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in PACE Municipal Fixed Income Investments (PCMNX) and Bondbloxx BBB Rated 1-5 Year Corporate Bond ETF (BBBS). The values are adjusted to include any dividend payments, if applicable.

PCMNX vs. BBBS - Yearly Performance Comparison

	2026 (YTD)	2025	2024
PCMNX PACE Municipal Fixed Income Investments	-0.51%	4.52%	1.63%
BBBS Bondbloxx BBB Rated 1-5 Year Corporate Bond ETF	0.07%	6.67%	4.96%

Returns By Period

In the year-to-date period, PCMNX achieves a -0.51% return, which is significantly lower than BBBS's 0.07% return.

PCMNX

• 1D: 0.08%
• 1M: -2.61%
• YTD: -0.51%
• 6M: 1.18%
• 1Y: 4.40%
• 3Y*: 2.64%
• 5Y*: 0.75%
• 10Y*: 1.82%

BBBS

• 1D: 0.30%
• 1M: -0.89%
• YTD: 0.07%
• 6M: 1.22%
• 1Y: 4.86%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

PCMNX vs. BBBS - Expense Ratio Comparison

PCMNX has a 0.57% expense ratio, which is higher than BBBS's 0.19% expense ratio.

PCMNX

PACE Municipal Fixed Income Investments

BBBS

Bondbloxx BBB Rated 1-5 Year Corporate Bond ETF

Return for Risk

PCMNX vs. BBBS — Risk / Return Rank

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

PCMNX

PCMNX Risk / Return Rank: 54
PCMNX Sharpe Ratio Rank: 74
PCMNX Sortino Ratio Rank: 69
PCMNX Omega Ratio Rank: 88
PCMNX Calmar Ratio Rank: 20
PCMNX Martin Ratio Rank: 19

BBBS

BBBS Risk / Return Rank: 94
BBBS Sharpe Ratio Rank: 93
BBBS Sortino Ratio Rank: 96
BBBS Omega Ratio Rank: 95
BBBS Calmar Ratio Rank: 92
BBBS Martin Ratio Rank: 93

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.

PCMNX vs. BBBS - Risk-Adjusted Trends 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.

	PCMNX	BBBS	Difference
Sharpe ratio Return per unit of total volatility	1.31	2.17	-0.86
Sortino ratio Return per unit of downside risk	1.72	3.21	-1.49
Omega ratio Gain probability vs. loss probability	1.38	1.45	-0.07
Calmar ratio Return relative to maximum drawdown	0.58	3.40	-2.81
Martin ratio Return relative to average drawdown	1.91	13.47	-11.56
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

PCMNX vs. BBBS - Sharpe Ratio Comparison

The current PCMNX Sharpe Ratio is 1.31, which is lower than the BBBS Sharpe Ratio of 2.17. The chart below compares the historical Sharpe Ratios of PCMNX and BBBS, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	PCMNX	BBBS	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.31	2.17	-0.86
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.25	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.55	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.25	2.37	-1.12

Correlation

The correlation between PCMNX and BBBS is 0.46, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.

Dividends

PCMNX vs. BBBS - Dividend Comparison

PCMNX's dividend yield for the trailing twelve months is around 2.82%, less than BBBS's 4.58% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
PCMNX PACE Municipal Fixed Income Investments	2.82%	2.49%	2.58%	2.37%	2.30%	2.38%	2.47%	3.41%	3.11%	2.89%	3.33%	3.23%
BBBS Bondbloxx BBB Rated 1-5 Year Corporate Bond ETF	4.58%	4.55%	4.31%	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 -1.45%. Use the drawdown chart below to compare losses from any high point for PCMNX and BBBS.

Drawdown Indicators

	PCMNX	BBBS	Difference
Max Drawdown Largest peak-to-trough decline	-11.62%	-1.45%	-10.17%
Max Drawdown (1Y) Largest decline over 1 year	-3.78%	-1.45%	-2.33%
Max Drawdown (5Y) Largest decline over 5 years	-11.62%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-11.62%	—	—
Current Drawdown Current decline from peak	-2.61%	-0.89%	-1.72%
Average Drawdown Average peak-to-trough decline	-1.39%	-0.27%	-1.12%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.32%	0.37%	+0.95%

Volatility

PCMNX vs. BBBS - Volatility Comparison

PACE Municipal Fixed Income Investments (PCMNX) and Bondbloxx BBB Rated 1-5 Year Corporate Bond ETF (BBBS) have volatilities of 1.00% and 0.98%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	PCMNX	BBBS	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.00%	0.98%	+0.02%
Volatility (6M) Calculated over the trailing 6-month period	1.46%	1.32%	+0.14%
Volatility (1Y) Calculated over the trailing 1-year period	3.85%	2.25%	+1.60%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	3.04%	2.27%	+0.77%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	3.34%	2.27%	+1.07%