PWTYX vs. PCLCX

Last updated Aug 1, 2026

PWTYX (UBS U.S. Allocation Fund) and PCLCX (PACE Large Co Growth Equity Investments) are both mutual funds - PWTYX is a Diversified Portfolio fund managed by UBS, while PCLCX is a Large Cap Growth Equities fund managed by UBS. Over the past 10 years, PWTYX returned 9.41%/yr vs 13.53%/yr for PCLCX. Their correlation of 0.93 means they have usually moved in the same direction. PWTYX charges 0.70%/yr vs 0.88%/yr for PCLCX.

Performance

PWTYX vs. PCLCX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in UBS U.S. Allocation Fund (PWTYX) 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, PWTYX achieves a 6.12% return, which is significantly higher than PCLCX's -3.77% return. Over the past 10 years, PWTYX has underperformed PCLCX with an annualized return of 9.41%, while PCLCX has yielded a comparatively higher 13.53% annualized return.

PWTYX

• 1D: 1.22%
• 1M: -0.64%
• 6M: 4.52%
• YTD: 6.12%
• 1Y: 14.44%
• 3Y*: 12.49%
• 5Y*: 7.08%
• 10Y*: 9.41%
• ALL TIME*: 8.25%

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%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
PCLCX PACE Large Co Growth Equity Investments	$0.00	$0.00	$0.00
PWTYX UBS U.S. Allocation Fund	$0.00	$0.00	$0.00

PWTYX vs. PCLCX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
PWTYX UBS U.S. Allocation Fund	6.12%	13.28%	14.01%	17.73%	-17.04%	16.19%	17.66%	23.75%	-7.80%	15.77%
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 PWTYX and PCLCX is 0.89, meaning they have usually moved in the same direction, including during past declines.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.89
Correlation (3Y) Balances recent behavior with more history.	0.87
Correlation (5Y) Shows whether the relationship held over a longer period.	0.91
Correlation (10Y) Provides a long-term view across more market conditions.	0.90
Correlation (All Time) Calculated using the full available price history since Aug 18, 1995	0.93

The correlation between PWTYX and PCLCX has been stable across timeframes, ranging from 0.87 to 0.93 - a consistent structural relationship.

Return for Risk

PWTYX vs. PCLCX — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

PWTYX

PWTYX Risk / Return Rank: 55
PWTYX Sharpe Ratio Rank: 55
PWTYX Sortino Ratio Rank: 56
PWTYX Omega Ratio Rank: 52
PWTYX Calmar Ratio Rank: 54
PWTYX Martin Ratio Rank: 60

PCLCX

PCLCX Risk / Return Rank: 4
PCLCX Sharpe Ratio Rank: 4
PCLCX Sortino Ratio Rank: 4
PCLCX Omega Ratio Rank: 4
PCLCX Calmar Ratio Rank: 4
PCLCX Martin Ratio Rank: 4

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

PWTYX vs. PCLCX - Risk-Adjusted Trends Comparison

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

	PWTYX	PCLCX	Difference
Sharpe ratio: Return per unit of total volatility	1.41	-0.02	+1.43
Sortino ratio: Return per unit of downside risk	2.05	0.10	+1.95
Omega ratio: Gain probability vs. loss probability	1.25	1.01	+0.24
Calmar ratio: Return relative to maximum drawdown	1.93	-0.02	+1.94
Martin ratio: Return relative to average drawdown	7.82	-0.04	+7.86

PWTYX vs. PCLCX - Sharpe Ratio Comparison

The current PWTYX Sharpe Ratio is 1.41, which is higher than the PCLCX Sharpe Ratio of -0.02. The chart below compares the historical Sharpe Ratios of PWTYX 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.

Drawdowns

PWTYX vs. PCLCX - Drawdown Comparison

The maximum PWTYX drawdown since its inception was -51.86%, smaller than the maximum PCLCX drawdown of -63.98%. Use the drawdown chart below to compare losses from any high point for PWTYX and PCLCX.

Drawdown Indicators

	PWTYX	PCLCX	Difference
Max Drawdown Largest peak-to-trough decline	-51.86%	-63.98%	+12.12%
Max Drawdown (1Y) Largest decline over 1 year	-7.87%	-17.06%	+9.19%
Max Drawdown (3Y) Largest decline over 3 years	-19.40%	-21.26%	+1.86%
Max Drawdown (5Y) Largest decline over 5 years	-21.84%	-38.81%	+16.97%
Max Drawdown (10Y) Largest decline over 10 years	-25.34%	-38.81%	+13.47%
Current Drawdown Current decline from peak	-2.06%	-8.38%	+6.32%
Average Drawdown Average peak-to-trough decline	-7.58%	-20.26%	+12.68%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.89%	6.07%	-4.18%

Volatility

PWTYX vs. PCLCX - Volatility Comparison

The current volatility for UBS U.S. Allocation Fund (PWTYX) is 2.77%, while PACE Large Co Growth Equity Investments (PCLCX) has a volatility of 7.29%. This indicates that PWTYX 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.

Volatility by Period

	PWTYX	PCLCX	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.77%	7.29%	-4.52%
Volatility (6M) Calculated over the trailing 6-month period	8.75%	13.90%	-5.15%
Volatility (1Y) Calculated over the trailing 1-year period	10.77%	17.08%	-6.31%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	13.32%	37.17%	-23.85%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	12.96%	31.09%	-18.13%

PWTYX vs. PCLCX - Expense Ratio Comparison

PWTYX has a 0.70% expense ratio, which is lower than PCLCX's 0.88% expense ratio.

Dividends

PWTYX vs. PCLCX - Dividend Comparison

PWTYX's dividend yield for the trailing twelve months is around 8.84%, 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%
PWTYX UBS U.S. Allocation Fund	8.84%	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 PCLCX in my portfolio?

PWTYX and PCLCX have a correlation of 0.89, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, PWTYX or PCLCX?

PCLCX has higher volatility (7.29%) compared to PWTYX (2.77%). In terms of maximum drawdown, PWTYX dropped -51.86% vs PCLCX's -63.98%.

Which has better risk-adjusted returns?

PWTYX currently has the higher Sharpe Ratio (1.41 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.