PWTYX vs. USIAX

Last updated Jun 3, 2026

PWTYX (UBS U.S. Allocation Fund) and USIAX (UBS Ultra Short Income Fund) are both mutual funds - PWTYX is a Diversified Portfolio fund managed by UBS, while USIAX is a Ultrashort Bond fund managed by UBS. With a 1.00 correlation, they move nearly in lockstep. PWTYX charges 0.70%/yr vs 0.35%/yr for USIAX.

Performance

PWTYX vs. USIAX - Performance Comparison

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

Returns By Period

PWTYX

• 1D: 0.14%
• 1M: 3.48%
• YTD: 8.03%
• 6M: 8.62%
• 1Y: 23.06%
• 3Y*: 15.15%
• 5Y*: 7.92%
• 10Y*: 9.95%

USIAX

• 1D: 0.00%
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

PWTYX vs. USIAX - Yearly Performance Comparison

	2026 (YTD)
PWTYX UBS U.S. Allocation Fund	0.41%
USIAX UBS Ultra Short Income Fund	0.32%

Correlation

The correlation between PWTYX and USIAX is 1.00 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.

	Correlation
Correlation (All Time) Calculated using the full available price history since May 29, 2026	1.00

Return for Risk

PWTYX vs. USIAX — Risk / Return Rank

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

PWTYX

PWTYX Risk / Return Rank: 76
PWTYX Sharpe Ratio Rank: 79
PWTYX Sortino Ratio Rank: 78
PWTYX Omega Ratio Rank: 71
PWTYX Calmar Ratio Rank: 74
PWTYX Martin Ratio Rank: 81

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. USIAX - Risk-Adjusted Trends Comparison

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

	PWTYX	USIAX	Difference
Sharpe ratio Return per unit of total volatility	2.57	—	—
Sortino ratio Return per unit of downside risk	3.72	—	—
Omega ratio Gain probability vs. loss probability	1.47	—	—
Calmar ratio Return relative to maximum drawdown	3.37	—	—
Martin ratio Return relative to average drawdown	15.18	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	PWTYX	USIAX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.57	—	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.61	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.78	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.53	19.58	-19.04

Drawdowns

PWTYX vs. USIAX - Drawdown Comparison

The maximum PWTYX drawdown since its inception was -51.86%, which is greater than USIAX's maximum drawdown of 0.00%. Use the drawdown chart below to compare losses from any high point for PWTYX and USIAX.

Drawdown Indicators

	PWTYX	USIAX	Difference
Max Drawdown Largest peak-to-trough decline	-51.86%	0.00%	-51.86%
Max Drawdown (1Y) Largest decline over 1 year	-7.87%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-19.40%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-21.84%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-25.34%	—	—
Current Drawdown Current decline from peak	0.00%	0.00%	0.00%
Average Drawdown Average peak-to-trough decline	-7.61%	0.00%	-7.61%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.75%	—	—

Volatility

Volatility by Period

	PWTYX	USIAX	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.98%	—	—
Volatility (6M) Calculated over the trailing 6-month period	8.19%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	9.88%	3.65%	+6.23%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	13.19%	3.65%	+9.54%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	12.94%	3.65%	+9.29%

PWTYX vs. USIAX - Expense Ratio Comparison

PWTYX has a 0.70% expense ratio, which is higher than USIAX's 0.35% expense ratio.

Dividends

PWTYX vs. USIAX - Dividend Comparison

PWTYX's dividend yield for the trailing twelve months is around 8.68%, more than USIAX's 0.32% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
PWTYX UBS U.S. Allocation Fund	8.68%	9.38%	8.32%	1.61%	9.95%	16.86%	5.85%	2.22%	11.82%	2.53%	0.68%
USIAX UBS Ultra Short Income Fund	0.32%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both PWTYX and USIAX in my portfolio?

With a correlation of 1.00, PWTYX and USIAX 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.