PCSVX vs. PWTYX

Last updated Apr 1, 2026

Compare and contrast key facts about PACE Small/Medium Co Value Equity Investments (PCSVX) and UBS U.S. Allocation Fund (PWTYX).

PCSVX is managed by UBS. It was launched on Aug 24, 1995. PWTYX is managed by UBS. It was launched on May 9, 1993.

Performance

PCSVX vs. PWTYX - Performance Comparison

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

PCSVX vs. PWTYX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
PCSVX PACE Small/Medium Co Value Equity Investments	-0.12%	4.33%	6.24%	12.57%	-13.44%	25.68%	12.13%	25.80%	-16.67%	9.48%
PWTYX UBS U.S. Allocation Fund	-5.56%	13.28%	14.01%	17.73%	-17.04%	16.19%	17.66%	23.75%	-7.80%	15.77%

Returns By Period

In the year-to-date period, PCSVX achieves a -0.12% return, which is significantly higher than PWTYX's -5.56% return. Over the past 10 years, PCSVX has underperformed PWTYX with an annualized return of 7.48%, while PWTYX has yielded a comparatively higher 8.64% annualized return.

PCSVX

• 1D: -0.63%
• 1M: -8.44%
• YTD: -0.12%
• 6M: 1.96%
• 1Y: 12.36%
• 3Y*: 7.51%
• 5Y*: 2.89%
• 10Y*: 7.48%

PWTYX

• 1D: -0.20%
• 1M: -7.61%
• YTD: -5.56%
• 6M: -3.44%
• 1Y: 10.34%
• 3Y*: 11.12%
• 5Y*: 5.97%
• 10Y*: 8.64%

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

PCSVX vs. PWTYX - Expense Ratio Comparison

PCSVX has a 1.02% expense ratio, which is higher than PWTYX's 0.70% expense ratio.

PCSVX

PACE Small/Medium Co Value Equity Investments

PWTYX

UBS U.S. Allocation Fund

Return for Risk

PCSVX vs. PWTYX — Risk / Return Rank

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

PCSVX

PCSVX Risk / Return Rank: 23
PCSVX Sharpe Ratio Rank: 24
PCSVX Sortino Ratio Rank: 27
PCSVX Omega Ratio Rank: 23
PCSVX Calmar Ratio Rank: 21
PCSVX Martin Ratio Rank: 22

PWTYX

PWTYX Risk / Return Rank: 38
PWTYX Sharpe Ratio Rank: 45
PWTYX Sortino Ratio Rank: 45
PWTYX Omega Ratio Rank: 44
PWTYX Calmar Ratio Rank: 27
PWTYX Martin Ratio Rank: 30

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. PWTYX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for PACE Small/Medium Co Value Equity Investments (PCSVX) and UBS U.S. Allocation Fund (PWTYX). 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	PWTYX	Difference
Sharpe ratio Return per unit of total volatility	0.61	0.90	-0.29
Sortino ratio Return per unit of downside risk	1.02	1.32	-0.30
Omega ratio Gain probability vs. loss probability	1.14	1.19	-0.06
Calmar ratio Return relative to maximum drawdown	0.62	0.79	-0.17
Martin ratio Return relative to average drawdown	2.31	3.21	-0.90
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. PWTYX - Sharpe Ratio Comparison

The current PCSVX Sharpe Ratio is 0.61, which is lower than the PWTYX Sharpe Ratio of 0.90. The chart below compares the historical Sharpe Ratios of PCSVX and PWTYX, 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

	PCSVX	PWTYX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.61	0.90	-0.29
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.13	0.46	-0.33
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.33	0.68	-0.35
Sharpe Ratio (All Time) Calculated using the full available price history	0.36	0.51	-0.15

Correlation

The correlation between PCSVX and PWTYX is 0.82, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.

Dividends

PCSVX vs. PWTYX - Dividend Comparison

PCSVX's dividend yield for the trailing twelve months is around 3.55%, less than PWTYX's 9.93% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
PCSVX PACE Small/Medium Co Value Equity Investments	3.55%	3.54%	18.45%	0.69%	22.49%	16.23%	0.61%	0.83%	7.14%	11.82%	2.62%	11.87%
PWTYX UBS U.S. Allocation Fund	9.93%	9.38%	8.32%	1.61%	9.95%	16.86%	5.85%	2.22%	11.82%	2.53%	0.68%	0.00%

Drawdowns

PCSVX vs. PWTYX - Drawdown Comparison

The maximum PCSVX drawdown since its inception was -62.95%, which is greater than PWTYX's maximum drawdown of -51.86%. Use the drawdown chart below to compare losses from any high point for PCSVX and PWTYX.

Drawdown Indicators

	PCSVX	PWTYX	Difference
Max Drawdown Largest peak-to-trough decline	-62.95%	-51.86%	-11.09%
Max Drawdown (1Y) Largest decline over 1 year	-15.21%	-8.66%	-6.55%
Max Drawdown (5Y) Largest decline over 5 years	-34.96%	-21.84%	-13.12%
Max Drawdown (10Y) Largest decline over 10 years	-46.65%	-25.34%	-21.31%
Current Drawdown Current decline from peak	-15.18%	-7.87%	-7.31%
Average Drawdown Average peak-to-trough decline	-10.61%	-7.65%	-2.96%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.42%	2.53%	+1.89%

Volatility

PCSVX vs. PWTYX - Volatility Comparison

PACE Small/Medium Co Value Equity Investments (PCSVX) has a higher volatility of 4.85% compared to UBS U.S. Allocation Fund (PWTYX) at 3.64%. This indicates that PCSVX's price experiences larger fluctuations and is considered to be riskier than PWTYX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	PCSVX	PWTYX	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.85%	3.64%	+1.21%
Volatility (6M) Calculated over the trailing 6-month period	11.58%	7.27%	+4.31%
Volatility (1Y) Calculated over the trailing 1-year period	22.51%	12.91%	+9.60%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	22.35%	13.11%	+9.24%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	22.96%	12.88%	+10.08%