PWTYX vs. BPGLX

Last updated Jun 24, 2026

PWTYX (UBS U.S. Allocation Fund) and BPGLX (UBS Global Allocation Fund) are both mutual funds - PWTYX is a Diversified Portfolio fund managed by UBS, while BPGLX is a Global Allocation fund managed by UBS. Over the past 10 years, PWTYX returned 10.13%/yr vs 7.82%/yr for BPGLX. Their correlation of 0.83 suggests significant overlap in exposure. PWTYX charges 0.70%/yr vs 0.95%/yr for BPGLX.

Performance

PWTYX vs. BPGLX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in UBS U.S. Allocation Fund (PWTYX) and UBS Global Allocation Fund (BPGLX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, PWTYX achieves a 7.11% return, which is significantly lower than BPGLX's 8.13% return. Over the past 10 years, PWTYX has outperformed BPGLX with an annualized return of 10.13%, while BPGLX has yielded a comparatively lower 7.82% annualized return.

PWTYX

• 1D: -0.44%
• 1M: 1.03%
• YTD: 7.11%
• 6M: 6.52%
• 1Y: 19.94%
• 3Y*: 14.43%
• 5Y*: 7.63%
• 10Y*: 10.13%

BPGLX

• 1D: -0.20%
• 1M: 1.23%
• YTD: 8.13%
• 6M: 7.89%
• 1Y: 23.42%
• 3Y*: 13.97%
• 5Y*: 5.59%
• 10Y*: 7.82%

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

PWTYX vs. BPGLX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
PWTYX UBS U.S. Allocation Fund	7.11%	13.28%	14.01%	17.73%	-17.04%	16.19%	17.66%	23.75%	-7.80%	15.77%
BPGLX UBS Global Allocation Fund	8.13%	19.02%	8.56%	9.69%	-16.82%	8.09%	13.84%	19.05%	-7.56%	17.08%

Correlation

The correlation between PWTYX and BPGLX is 0.93, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.93
Correlation (3Y) Calculated over the trailing 3-year period	0.92
Correlation (5Y) Calculated over the trailing 5-year period	0.92
Correlation (10Y) Calculated over the trailing 10-year period	0.91
Correlation (All Time) Calculated using the full available price history since Jun 20, 1996	0.83

The correlation between PWTYX and BPGLX shifts across timeframes, from 0.83 (all time) to 0.93 (1 year), reflecting how their relationship changes across market environments.

Return for Risk

PWTYX vs. BPGLX — Risk / Return Rank

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

PWTYX

PWTYX Risk / Return Rank: 63
PWTYX Sharpe Ratio Rank: 63
PWTYX Sortino Ratio Rank: 64
PWTYX Omega Ratio Rank: 59
PWTYX Calmar Ratio Rank: 61
PWTYX Martin Ratio Rank: 67

BPGLX

BPGLX Risk / Return Rank: 72
BPGLX Sharpe Ratio Rank: 79
BPGLX Sortino Ratio Rank: 75
BPGLX Omega Ratio Rank: 77
BPGLX Calmar Ratio Rank: 63
BPGLX Martin Ratio Rank: 66

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.

PWTYX vs. BPGLX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for UBS U.S. Allocation Fund (PWTYX) and UBS Global Allocation Fund (BPGLX). 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.

	PWTYX	BPGLX	Difference
Sharpe ratio: Return per unit of total volatility	2.14	2.40	-0.26
Sortino ratio: Return per unit of downside risk	3.05	3.31	-0.26
Omega ratio: Gain probability vs. loss probability	1.39	1.46	-0.07
Calmar ratio: Return relative to maximum drawdown	2.86	2.92	-0.05
Martin ratio: Return relative to average drawdown	12.15	12.03	+0.12

PWTYX vs. BPGLX - Sharpe Ratio Comparison

The current PWTYX Sharpe Ratio is 2.14, which is comparable to the BPGLX Sharpe Ratio of 2.40. The chart below compares the historical Sharpe Ratios of PWTYX and BPGLX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

PWTYX vs. BPGLX - Drawdown Comparison

The maximum PWTYX drawdown since its inception was -51.86%, roughly equal to the maximum BPGLX drawdown of -53.03%. Use the drawdown chart below to compare losses from any high point for PWTYX and BPGLX.

Drawdown Indicators

	PWTYX	BPGLX	Difference
Max Drawdown Largest peak-to-trough decline	-51.86%	-53.03%	+1.17%
Max Drawdown (1Y) Largest decline over 1 year	-7.87%	-8.99%	+1.12%
Max Drawdown (3Y) Largest decline over 3 years	-19.40%	-11.25%	-8.15%
Max Drawdown (5Y) Largest decline over 5 years	-21.84%	-22.24%	+0.40%
Max Drawdown (10Y) Largest decline over 10 years	-25.34%	-23.37%	-1.97%
Current Drawdown Current decline from peak	-1.15%	-0.87%	-0.28%
Average Drawdown Average peak-to-trough decline	-7.60%	-5.78%	-1.82%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.79%	2.11%	-0.32%

Volatility

PWTYX vs. BPGLX - Volatility Comparison

UBS U.S. Allocation Fund (PWTYX) and UBS Global Allocation Fund (BPGLX) have volatilities of 4.13% and 4.02%, 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.

Volatility by Period

	PWTYX	BPGLX	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.13%	4.02%	+0.11%
Volatility (6M) Calculated over the trailing 6-month period	8.74%	9.11%	-0.37%
Volatility (1Y) Calculated over the trailing 1-year period	10.55%	10.94%	-0.39%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	13.29%	10.73%	+2.56%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	12.99%	10.88%	+2.11%

PWTYX vs. BPGLX - Expense Ratio Comparison

PWTYX has a 0.70% expense ratio, which is lower than BPGLX's 0.95% expense ratio.

Dividends

PWTYX vs. BPGLX - Dividend Comparison

PWTYX's dividend yield for the trailing twelve months is around 8.76%, more than BPGLX's 1.92% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
BPGLX UBS Global Allocation Fund	1.92%	2.08%	2.02%	2.37%	4.65%	18.98%	1.78%	7.15%	0.00%	1.64%	2.42%	2.83%
PWTYX UBS U.S. Allocation Fund	8.76%	9.38%	8.32%	1.61%	9.95%	16.86%	5.85%	2.22%	11.82%	2.53%	0.68%	0.00%

Frequently Asked Questions

Can I hold both PWTYX and BPGLX in my portfolio?

With a correlation of 0.93, PWTYX and BPGLX move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which is riskier, PWTYX or BPGLX?

PWTYX has higher volatility (4.13%) compared to BPGLX (4.02%). In terms of maximum drawdown, PWTYX dropped -51.86% vs BPGLX's -53.03%.

Which has better risk-adjusted returns?

BPGLX currently has the higher Sharpe Ratio (2.40 vs 2.14), 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.