PCSVX vs. PCLCX

Last updated Jun 4, 2026

PCSVX (PACE Small/Medium Co Value Equity Investments) and PCLCX (PACE Large Co Growth Equity Investments) are both mutual funds - PCSVX is a Small Cap Value Equities fund managed by UBS, while PCLCX is a Large Cap Growth Equities fund managed by UBS. Over the past 10 years, PCSVX returned 8.57%/yr vs 14.88%/yr for PCLCX. A 0.76 correlation means they provide meaningful diversification when combined. PCSVX charges 1.02%/yr vs 0.88%/yr for PCLCX.

Performance

PCSVX vs. PCLCX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in PACE Small/Medium Co Value Equity Investments (PCSVX) and PACE Large Co Growth Equity Investments (PCLCX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, PCSVX achieves a 14.05% return, which is significantly higher than PCLCX's 4.62% return. Over the past 10 years, PCSVX has underperformed PCLCX with an annualized return of 8.57%, while PCLCX has yielded a comparatively higher 14.88% annualized return.

PCSVX

• 1D: 1.38%
• 1M: 3.83%
• YTD: 14.05%
• 6M: 14.28%
• 1Y: 27.50%
• 3Y*: 12.65%
• 5Y*: 4.31%
• 10Y*: 8.57%

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%

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

PCSVX vs. PCLCX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
PCSVX PACE Small/Medium Co Value Equity Investments	14.05%	4.33%	6.24%	12.57%	-13.44%	25.68%	12.13%	25.80%	-16.67%	9.48%
PCLCX PACE Large Co Growth Equity Investments	4.62%	9.86%	28.05%	35.17%	-28.18%	20.18%	39.70%	31.99%	-3.18%	29.89%

Correlation

The correlation between PCSVX and PCLCX is 0.47, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.47
Correlation (3Y) Calculated over the trailing 3-year period	0.53
Correlation (5Y) Calculated over the trailing 5-year period	0.65
Correlation (10Y) Calculated over the trailing 10-year period	0.65
Correlation (All Time) Calculated using the full available price history since Aug 21, 1995	0.76

Over the past year, the correlation between PCSVX and PCLCX has dropped to 0.47 - well below their long-term average of 0.76, suggesting their price drivers have been diverging.

Return for Risk

PCSVX vs. PCLCX — Risk / Return Rank

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

PCSVX

PCSVX Risk / Return Rank: 50
PCSVX Sharpe Ratio Rank: 44
PCSVX Sortino Ratio Rank: 48
PCSVX Omega Ratio Rank: 39
PCSVX Calmar Ratio Rank: 72
PCSVX Martin Ratio Rank: 48

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.

PCSVX vs. PCLCX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for PACE Small/Medium Co Value Equity Investments (PCSVX) and PACE Large Co Growth Equity Investments (PCLCX). 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.

	PCSVX	PCLCX	Difference
Sharpe ratio Return per unit of total volatility	1.94	1.15	+0.79
Sortino ratio Return per unit of downside risk	2.92	1.65	+1.27
Omega ratio Gain probability vs. loss probability	1.33	1.21	+0.13
Calmar ratio Return relative to maximum drawdown	3.32	0.95	+2.37
Martin ratio Return relative to average drawdown	9.99	2.72	+7.26
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

PCSVX vs. PCLCX - Sharpe Ratio Comparison

The current PCSVX Sharpe Ratio is 1.94, which is higher than the PCLCX Sharpe Ratio of 1.15. The chart below compares the historical Sharpe Ratios of PCSVX and PCLCX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	PCSVX	PCLCX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.94	1.15	+0.79
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.20	0.28	-0.09
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.38	0.49	-0.11
Sharpe Ratio (All Time) Calculated using the full available price history	0.38	0.37	+0.01

Drawdowns

PCSVX vs. PCLCX - Drawdown Comparison

The maximum PCSVX drawdown since its inception was -62.95%, roughly equal to the maximum PCLCX drawdown of -63.98%. Use the drawdown chart below to compare losses from any high point for PCSVX and PCLCX.

Drawdown Indicators

	PCSVX	PCLCX	Difference
Max Drawdown Largest peak-to-trough decline	-62.95%	-63.98%	+1.03%
Max Drawdown (1Y) Largest decline over 1 year	-9.67%	-17.06%	+7.39%
Max Drawdown (3Y) Largest decline over 3 years	-34.96%	-21.26%	-13.70%
Max Drawdown (5Y) Largest decline over 5 years	-34.96%	-38.81%	+3.85%
Max Drawdown (10Y) Largest decline over 10 years	-46.65%	-38.81%	-7.84%
Current Drawdown Current decline from peak	-3.16%	-0.38%	-2.78%
Average Drawdown Average peak-to-trough decline	-10.58%	-20.34%	+9.76%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.20%	5.72%	-2.52%

Volatility

PCSVX vs. PCLCX - Volatility Comparison

PACE Small/Medium Co Value Equity Investments (PCSVX) has a higher volatility of 4.57% compared to PACE Large Co Growth Equity Investments (PCLCX) at 3.24%. This indicates that PCSVX's price experiences larger fluctuations and is considered to be riskier than PCLCX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	PCSVX	PCLCX	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.57%	3.24%	+1.33%
Volatility (6M) Calculated over the trailing 6-month period	11.67%	11.15%	+0.52%
Volatility (1Y) Calculated over the trailing 1-year period	16.54%	14.06%	+2.48%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	22.36%	36.92%	-14.56%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	22.99%	30.99%	-8.00%

PCSVX vs. PCLCX - Expense Ratio Comparison

PCSVX has a 1.02% expense ratio, which is higher than PCLCX's 0.88% expense ratio.

Dividends

PCSVX vs. PCLCX - Dividend Comparison

PCSVX's dividend yield for the trailing twelve months is around 3.11%, less than PCLCX's 19.74% 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%
PCSVX PACE Small/Medium Co Value Equity Investments	3.11%	3.54%	18.45%	0.69%	22.49%	16.23%	0.61%	0.83%	7.14%	11.82%	2.62%	11.87%

Frequently Asked Questions

Can I hold both PCSVX and PCLCX in my portfolio?

PCSVX and PCLCX have a correlation of 0.47, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, PCSVX or PCLCX?

PCSVX has higher volatility (4.57%) compared to PCLCX (3.24%). In terms of maximum drawdown, PCSVX dropped -62.95% vs PCLCX's -63.98%.

Which has better risk-adjusted returns?

PCSVX currently has the higher Sharpe Ratio (1.94 vs 1.15), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.