PCSVX vs. PCLCX
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 8.92%/yr vs 13.53%/yr for PCLCX. Their 0.75 correlation means they have sometimes moved together and sometimes differently. PCSVX charges 1.02%/yr vs 0.88%/yr for PCLCX.
Performance
PCSVX vs. PCLCX - Performance Comparison
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Returns By Period
In the year-to-date period, PCSVX achieves a 19.06% return, which is significantly higher than PCLCX's -3.77% return. Over the past 10 years, PCSVX has underperformed PCLCX with an annualized return of 8.92%, while PCLCX has yielded a comparatively higher 13.53% annualized return.
PCSVX
- 1D
- -0.10%
- 1M
- 1.03%
- 6M
- 12.45%
- YTD
- 19.06%
- 1Y
- 26.86%
- 3Y*
- 11.12%
- 5Y*
- 5.88%
- 10Y*
- 8.92%
- ALL TIME*
- 8.30%
PCLCX
- 1D
- 3.33%
- 1M
- -3.71%
- 6M
- -1.68%
- YTD
- -3.77%
- 1Y
- -0.40%
- 3Y*
- 12.75%
- 5Y*
- 6.68%
- 10Y*
- 13.53%
- ALL TIME*
- 8.91%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $0.00 | $0.00 | $0.00 |
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 | 19.06% | 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 | -3.77% | 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 0.46, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.46 |
Correlation (3Y) Balances recent behavior with more history. | 0.53 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.65 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.65 |
Correlation (All Time) Calculated using the full available price history since Aug 18, 1995 | 0.75 |
Over the past year, the correlation between PCSVX and PCLCX has dropped to 0.46 - well below their long-term average of 0.75, suggesting their price drivers have been diverging.
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Return for Risk
PCSVX vs. PCLCX — Risk / Return Rank
PCSVX
PCLCX
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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| PCSVX | PCLCX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.71 | ||
| Sortino ratioReturn per unit of downside risk | +2.52 | ||
| Omega ratioGain probability vs. loss probability | 1.30 | 1.01 | +0.29 |
| Calmar ratioReturn relative to maximum drawdown | 2.81 | -0.02 | +2.83 |
| Martin ratioReturn relative to average drawdown | 8.70 | -0.04 | +8.74 |
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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.
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Drawdown Indicators
| PCSVX | PCLCX | Difference | |
|---|---|---|---|
Max DrawdownLargest 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 DrawdownCurrent decline from peak | -1.29% | -8.38% | +7.09% |
Average DrawdownAverage peak-to-trough decline | -10.54% | -20.26% | +9.72% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.10% | 6.07% | -2.97% |
Volatility
PCSVX vs. PCLCX - Volatility Comparison
The current volatility for PACE Small/Medium Co Value Equity Investments (PCSVX) is 3.56%, while PACE Large Co Growth Equity Investments (PCLCX) has a volatility of 7.29%. This indicates that PCSVX experiences smaller price fluctuations and is considered to be less risky than PCLCX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PCSVX | PCLCX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.56% | 7.29% | -3.73% |
Volatility (6M)Calculated over the trailing 6-month period | 10.92% | 13.90% | -2.98% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.14% | 17.08% | -0.94% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 22.26% | 37.17% | -14.91% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 22.89% | 31.09% | -8.20% |
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 2.98%, less than PCLCX's 21.46% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PCLCX PACE Large Co Growth Equity Investments | 21.46% | 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 | 2.98% | 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
PCSVX and PCLCX have a correlation of 0.46, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
PCLCX has higher volatility (7.29%) compared to PCSVX (3.56%). In terms of maximum drawdown, PCSVX dropped -62.95% vs PCLCX's -63.98%.
PCSVX currently has the higher Sharpe Ratio (1.69 vs -0.02), 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.
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