PCSIX vs. USIAX
Compare and contrast key facts about PACE Strategic Fixed Income Investments (PCSIX) and UBS Ultra Short Income Fund (USIAX).
PCSIX is managed by UBS. It was launched on Aug 24, 1995. USIAX is managed by UBS. It was launched on May 29, 2018.
Performance
PCSIX vs. USIAX - Performance Comparison
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PCSIX vs. USIAX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
PCSIX PACE Strategic Fixed Income Investments | -0.19% | 7.36% | 3.62% | 8.02% | -13.84% | -0.71% | 9.38% | 10.37% | 0.68% |
USIAX UBS Ultra Short Income Fund | 0.13% | 4.54% | 5.35% | 4.47% | -0.38% | -0.18% | 0.84% | 1.28% | -0.00% |
Returns By Period
In the year-to-date period, PCSIX achieves a -0.19% return, which is significantly lower than USIAX's 0.13% return.
PCSIX
- 1D
- 0.26%
- 1M
- -1.49%
- YTD
- -0.19%
- 6M
- 0.68%
- 1Y
- 4.49%
- 3Y*
- 5.12%
- 5Y*
- 1.11%
- 10Y*
- 2.65%
USIAX
- 1D
- 0.00%
- 1M
- -0.20%
- YTD
- 0.13%
- 6M
- 1.10%
- 1Y
- 3.49%
- 3Y*
- 4.57%
- 5Y*
- 2.77%
- 10Y*
- —
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PCSIX vs. USIAX - Expense Ratio Comparison
PCSIX has a 0.66% expense ratio, which is higher than USIAX's 0.35% expense ratio.
Return for Risk
PCSIX vs. USIAX — Risk / Return Rank
PCSIX
USIAX
PCSIX vs. USIAX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for PACE Strategic Fixed Income Investments (PCSIX) 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.
| PCSIX | USIAX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.26 | 2.37 | -1.11 |
Sortino ratioReturn per unit of downside risk | 1.82 | 4.85 | -3.03 |
Omega ratioGain probability vs. loss probability | 1.23 | 2.99 | -1.76 |
Calmar ratioReturn relative to maximum drawdown | 1.61 | 4.78 | -3.17 |
Martin ratioReturn relative to average drawdown | 5.48 | 45.29 | -39.81 |
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
| PCSIX | USIAX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.26 | 2.37 | -1.11 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.21 | 0.50 | -0.29 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.55 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.03 | 0.46 | +0.57 |
Correlation
The correlation between PCSIX and USIAX is 0.19, 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
PCSIX vs. USIAX - Dividend Comparison
PCSIX's dividend yield for the trailing twelve months is around 5.28%, more than USIAX's 3.63% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PCSIX PACE Strategic Fixed Income Investments | 5.28% | 4.76% | 5.66% | 5.03% | 3.47% | 3.71% | 5.62% | 3.50% | 3.39% | 2.66% | 4.23% | 3.55% |
USIAX UBS Ultra Short Income Fund | 3.63% | 4.43% | 5.10% | 3.74% | 1.44% | 0.12% | 0.93% | 1.07% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
PCSIX vs. USIAX - Drawdown Comparison
The maximum PCSIX drawdown since its inception was -18.54%, which is greater than USIAX's maximum drawdown of -4.88%. Use the drawdown chart below to compare losses from any high point for PCSIX and USIAX.
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Drawdown Indicators
| PCSIX | USIAX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -18.54% | -4.88% | -13.66% |
Max Drawdown (1Y)Largest decline over 1 year | -2.70% | -0.81% | -1.89% |
Max Drawdown (5Y)Largest decline over 5 years | -18.54% | -4.88% | -13.66% |
Max Drawdown (10Y)Largest decline over 10 years | -18.54% | — | — |
Current DrawdownCurrent decline from peak | -1.82% | -0.20% | -1.62% |
Average DrawdownAverage peak-to-trough decline | -2.48% | -0.22% | -2.26% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.82% | 0.09% | +0.73% |
Volatility
PCSIX vs. USIAX - Volatility Comparison
PACE Strategic Fixed Income Investments (PCSIX) has a higher volatility of 1.49% compared to UBS Ultra Short Income Fund (USIAX) at 0.14%. This indicates that PCSIX's price experiences larger fluctuations and is considered to be riskier than USIAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PCSIX | USIAX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.49% | 0.14% | +1.35% |
Volatility (6M)Calculated over the trailing 6-month period | 2.40% | 0.86% | +1.54% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.16% | 1.65% | +2.51% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.45% | 5.63% | -0.18% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.83% | 4.50% | +0.33% |