PREAX vs. PCSVX
PREAX (PACE Global Real Estate Securities Investments) and PCSVX (PACE Small/Medium Co Value Equity Investments) are both mutual funds - PREAX is a REIT fund managed by UBS, while PCSVX is a Small Cap Value Equities fund managed by UBS. Over the past 10 years, PREAX returned 1.54%/yr vs 9.06%/yr for PCSVX. Their 0.71 correlation means they have sometimes moved together and sometimes differently. PREAX charges 1.45%/yr vs 1.02%/yr for PCSVX.
Performance
PREAX vs. PCSVX - Performance Comparison
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Returns By Period
In the year-to-date period, PREAX achieves a 11.74% return, which is significantly lower than PCSVX's 19.23% return. Over the past 10 years, PREAX has underperformed PCSVX with an annualized return of 1.54%, while PCSVX has yielded a comparatively higher 9.06% annualized return.
PREAX
- 1D
- -1.08%
- 1M
- 1.66%
- 6M
- 10.39%
- YTD
- 11.74%
- 1Y
- 15.07%
- 3Y*
- 5.70%
- 5Y*
- -1.02%
- 10Y*
- 1.54%
- ALL TIME*
- 1.34%
PCSVX
- 1D
- 0.15%
- 1M
- 1.17%
- 6M
- 11.52%
- YTD
- 19.23%
- 1Y
- 27.05%
- 3Y*
- 11.23%
- 5Y*
- 5.91%
- 10Y*
- 9.06%
- ALL TIME*
- 8.31%
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 |
PREAX vs. PCSVX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
PREAX PACE Global Real Estate Securities Investments | 11.74% | 3.29% | -3.16% | 10.93% | -27.85% | 32.65% | -11.23% | 20.46% | -8.44% | 6.62% |
PCSVX PACE Small/Medium Co Value Equity Investments | 19.23% | 4.33% | 6.24% | 12.57% | -13.44% | 25.68% | 12.13% | 25.80% | -16.67% | 9.48% |
Correlation
The correlation between PREAX and PCSVX is 0.58, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.58 |
Correlation (3Y) Balances recent behavior with more history. | 0.65 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.70 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.63 |
Correlation (All Time) Calculated using the full available price history since Jan 3, 2007 | 0.71 |
The correlation between PREAX and PCSVX shifts across timeframes, from 0.58 (1 year) to 0.71 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
PREAX vs. PCSVX — Risk / Return Rank
PREAX
PCSVX
PREAX vs. PCSVX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for PACE Global Real Estate Securities Investments (PREAX) and PACE Small/Medium Co Value Equity Investments (PCSVX). 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.
| PREAX | PCSVX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.48 | ||
| Sortino ratioReturn per unit of downside risk | -0.87 | ||
| Omega ratioGain probability vs. loss probability | 1.24 | 1.32 | -0.08 |
| Calmar ratioReturn relative to maximum drawdown | 1.54 | 3.00 | -1.46 |
| Martin ratioReturn relative to average drawdown | 5.44 | 9.28 | -3.83 |
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Drawdowns
PREAX vs. PCSVX - Drawdown Comparison
The maximum PREAX drawdown since its inception was -72.43%, which is greater than PCSVX's maximum drawdown of -62.95%. Use the drawdown chart below to compare losses from any high point for PREAX and PCSVX.
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Drawdown Indicators
| PREAX | PCSVX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -72.43% | -62.95% | -9.48% |
Max Drawdown (1Y)Largest decline over 1 year | -10.47% | -9.67% | -0.80% |
Max Drawdown (3Y)Largest decline over 3 years | -21.93% | -34.96% | +13.03% |
Max Drawdown (5Y)Largest decline over 5 years | -35.95% | -34.96% | -0.99% |
Max Drawdown (10Y)Largest decline over 10 years | -43.59% | -46.65% | +3.06% |
Current DrawdownCurrent decline from peak | -10.54% | -1.15% | -9.39% |
Average DrawdownAverage peak-to-trough decline | -20.23% | -10.54% | -9.69% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.96% | 3.10% | -0.14% |
Volatility
PREAX vs. PCSVX - Volatility Comparison
PACE Global Real Estate Securities Investments (PREAX) and PACE Small/Medium Co Value Equity Investments (PCSVX) have volatilities of 3.55% and 3.54%, 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.
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Volatility by Period
| PREAX | PCSVX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.55% | 3.54% | +0.01% |
Volatility (6M)Calculated over the trailing 6-month period | 9.70% | 10.92% | -1.22% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.22% | 16.07% | -3.85% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.86% | 22.25% | -5.39% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.91% | 22.89% | -4.98% |
PREAX vs. PCSVX - Expense Ratio Comparison
PREAX has a 1.45% expense ratio, which is higher than PCSVX's 1.02% expense ratio.
Dividends
PREAX vs. PCSVX - Dividend Comparison
PREAX's dividend yield for the trailing twelve months is around 2.24%, less than PCSVX's 2.97% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PCSVX PACE Small/Medium Co Value Equity Investments | 2.97% | 3.54% | 18.45% | 0.69% | 22.49% | 16.23% | 0.61% | 0.83% | 7.14% | 11.82% | 2.62% | 11.87% |
PREAX PACE Global Real Estate Securities Investments | 2.24% | 2.50% | 1.65% | 1.19% | 0.66% | 2.77% | 2.47% | 4.68% | 3.43% | 0.50% | 4.21% | 2.72% |
Frequently Asked Questions
PREAX and PCSVX have a correlation of 0.58, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
PREAX has higher volatility (3.55%) compared to PCSVX (3.54%). In terms of maximum drawdown, PREAX dropped -72.43% vs PCSVX's -62.95%.
PCSVX currently has the higher Sharpe Ratio (1.81 vs 1.33), 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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