PWTYX vs. PCSIX
PWTYX (UBS U.S. Allocation Fund) and PCSIX (PACE Strategic Fixed Income Investments) are both mutual funds - PWTYX is a Diversified Portfolio fund managed by UBS, while PCSIX is a Intermediate Core-Plus Bond fund managed by UBS. Over the past 10 years, PWTYX returned 9.41%/yr vs 2.26%/yr for PCSIX. Their -0.02 correlation means they have often moved in opposite directions in the past. PWTYX charges 0.70%/yr vs 0.66%/yr for PCSIX.
Performance
PWTYX vs. PCSIX - Performance Comparison
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Returns By Period
In the year-to-date period, PWTYX achieves a 6.12% return, which is significantly higher than PCSIX's -0.46% return. Over the past 10 years, PWTYX has outperformed PCSIX with an annualized return of 9.41%, while PCSIX has yielded a comparatively lower 2.26% 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%
PCSIX
- 1D
- -0.09%
- 1M
- -0.94%
- 6M
- -0.80%
- YTD
- -0.46%
- 1Y
- 2.93%
- 3Y*
- 4.92%
- 5Y*
- 0.42%
- 10Y*
- 2.26%
- ALL TIME*
- 5.00%
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 |
PWTYX vs. PCSIX - 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% |
PCSIX PACE Strategic Fixed Income Investments | -0.46% | 7.36% | 3.62% | 8.02% | -13.84% | -0.71% | 9.38% | 10.37% | -1.17% | 5.46% |
Correlation
The correlation between PWTYX and PCSIX is 0.52, 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. | 0.52 |
Correlation (3Y) Balances recent behavior with more history. | 0.41 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.35 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.17 |
Correlation (All Time) Calculated using the full available price history since Aug 18, 1995 | -0.02 |
The correlation between PWTYX and PCSIX shifts across timeframes, from -0.02 (all time) to 0.52 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
PWTYX vs. PCSIX — Risk / Return Rank
PWTYX
PCSIX
PWTYX vs. PCSIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for UBS U.S. Allocation Fund (PWTYX) and PACE Strategic Fixed Income Investments (PCSIX). 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 | PCSIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.53 | ||
| Sortino ratioReturn per unit of downside risk | +0.73 | ||
| Omega ratioGain probability vs. loss probability | 1.25 | 1.15 | +0.10 |
| Calmar ratioReturn relative to maximum drawdown | 1.93 | 1.25 | +0.68 |
| Martin ratioReturn relative to average drawdown | 7.82 | 3.20 | +4.62 |
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Drawdowns
PWTYX vs. PCSIX - Drawdown Comparison
The maximum PWTYX drawdown since its inception was -51.86%, which is greater than PCSIX's maximum drawdown of -18.54%. Use the drawdown chart below to compare losses from any high point for PWTYX and PCSIX.
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Drawdown Indicators
| PWTYX | PCSIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -51.86% | -18.54% | -33.32% |
Max Drawdown (1Y)Largest decline over 1 year | -7.87% | -2.57% | -5.30% |
Max Drawdown (3Y)Largest decline over 3 years | -19.40% | -4.51% | -14.89% |
Max Drawdown (5Y)Largest decline over 5 years | -21.84% | -18.54% | -3.30% |
Max Drawdown (10Y)Largest decline over 10 years | -25.34% | -18.54% | -6.80% |
Current DrawdownCurrent decline from peak | -2.06% | -2.08% | +0.02% |
Average DrawdownAverage peak-to-trough decline | -7.58% | -2.47% | -5.11% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.89% | 0.98% | +0.91% |
Volatility
PWTYX vs. PCSIX - Volatility Comparison
UBS U.S. Allocation Fund (PWTYX) has a higher volatility of 2.77% compared to PACE Strategic Fixed Income Investments (PCSIX) at 0.85%. This indicates that PWTYX's price experiences larger fluctuations and is considered to be riskier than PCSIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PWTYX | PCSIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.77% | 0.85% | +1.92% |
Volatility (6M)Calculated over the trailing 6-month period | 8.75% | 2.77% | +5.98% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.77% | 3.67% | +7.10% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.32% | 5.48% | +7.84% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 12.96% | 4.85% | +8.11% |
PWTYX vs. PCSIX - Expense Ratio Comparison
PWTYX has a 0.70% expense ratio, which is higher than PCSIX's 0.66% expense ratio.
Dividends
PWTYX vs. PCSIX - Dividend Comparison
PWTYX's dividend yield for the trailing twelve months is around 8.84%, more than PCSIX's 4.81% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PCSIX PACE Strategic Fixed Income Investments | 4.81% | 4.76% | 5.66% | 5.03% | 3.47% | 3.71% | 5.62% | 3.50% | 3.39% | 2.66% | 4.23% | 3.55% |
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
PWTYX and PCSIX have a correlation of 0.52, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
PWTYX has higher volatility (2.77%) compared to PCSIX (0.85%). In terms of maximum drawdown, PWTYX dropped -51.86% vs PCSIX's -18.54%.
PWTYX currently has the higher Sharpe Ratio (1.41 vs 0.88), 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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