RCS vs. UTBPX
RCS (PIMCO Strategic Income Fund) and UTBPX (UBS Multi Income Bond Fund) are both Intermediate Core-Plus Bond funds. Over the past 10 years, RCS returned 3.31%/yr vs 2.02%/yr for UTBPX. At a 0.14 correlation, their price movements are largely independent.
Performance
RCS vs. UTBPX - Performance Comparison
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Returns By Period
In the year-to-date period, RCS achieves a -0.34% return, which is significantly lower than UTBPX's 1.31% return. Over the past 10 years, RCS has outperformed UTBPX with an annualized return of 3.31%, while UTBPX has yielded a comparatively lower 2.02% annualized return.
RCS
- 1D
- -1.12%
- 1M
- -0.76%
- YTD
- -0.34%
- 6M
- -11.33%
- 1Y
- -16.21%
- 3Y*
- 9.48%
- 5Y*
- 1.88%
- 10Y*
- 3.31%
UTBPX
- 1D
- -0.30%
- 1M
- 1.05%
- YTD
- 1.31%
- 6M
- 1.61%
- 1Y
- 5.84%
- 3Y*
- 4.53%
- 5Y*
- 0.65%
- 10Y*
- 2.02%
RCS vs. UTBPX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
RCS PIMCO Strategic Income Fund | -0.34% | -21.48% | 37.47% | 37.60% | -18.72% | 6.33% | -16.19% | 1.62% | 15.51% | 14.39% |
UTBPX UBS Multi Income Bond Fund | 1.31% | 6.60% | 1.67% | 6.67% | -11.74% | -1.49% | 6.51% | 10.62% | -2.08% | 4.81% |
Correlation
The correlation between RCS and UTBPX is 0.21, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.21 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.22 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.23 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.14 |
Correlation (All Time) Calculated using the full available price history since May 23, 2016 | 0.14 |
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Return for Risk
RCS vs. UTBPX — Risk / Return Rank
RCS
UTBPX
RCS vs. UTBPX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for PIMCO Strategic Income Fund (RCS) and UBS Multi Income Bond Fund (UTBPX). 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.
| RCS | UTBPX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.29 | ||
| Sortino ratioReturn per unit of downside risk | -3.26 | ||
| Omega ratioGain probability vs. loss probability | 0.89 | 1.31 | -0.41 |
| Calmar ratioReturn relative to maximum drawdown | -0.49 | 2.14 | -2.63 |
| Martin ratioReturn relative to average drawdown | -0.83 | 7.95 | -8.79 |
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Drawdowns
RCS vs. UTBPX - Drawdown Comparison
The maximum RCS drawdown since its inception was -46.69%, which is greater than UTBPX's maximum drawdown of -16.84%. Use the drawdown chart below to compare losses from any high point for RCS and UTBPX.
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Drawdown Indicators
| RCS | UTBPX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -46.69% | -16.84% | -29.85% |
Max Drawdown (1Y)Largest decline over 1 year | -32.94% | -2.98% | -29.96% |
Max Drawdown (3Y)Largest decline over 3 years | -32.94% | -5.33% | -27.61% |
Max Drawdown (5Y)Largest decline over 5 years | -36.18% | -16.84% | -19.34% |
Max Drawdown (10Y)Largest decline over 10 years | -46.69% | -16.84% | -29.85% |
Current DrawdownCurrent decline from peak | -28.91% | -0.44% | -28.47% |
Average DrawdownAverage peak-to-trough decline | -9.41% | -4.01% | -5.40% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 19.49% | 0.79% | +18.70% |
Volatility
RCS vs. UTBPX - Volatility Comparison
PIMCO Strategic Income Fund (RCS) has a higher volatility of 6.00% compared to UBS Multi Income Bond Fund (UTBPX) at 1.11%. This indicates that RCS's price experiences larger fluctuations and is considered to be riskier than UTBPX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| RCS | UTBPX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.00% | 1.11% | +4.89% |
Volatility (6M)Calculated over the trailing 6-month period | 20.85% | 3.11% | +17.74% |
Volatility (1Y)Calculated over the trailing 1-year period | 23.84% | 3.97% | +19.87% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 25.23% | 4.88% | +20.35% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 25.83% | 4.36% | +21.47% |
Dividends
RCS vs. UTBPX - Dividend Comparison
RCS's dividend yield for the trailing twelve months is around 9.02%, more than UTBPX's 4.64% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
RCS PIMCO Strategic Income Fund | 9.02% | 8.62% | 8.03% | 10.07% | 12.39% | 9.01% | 9.57% | 8.44% | 8.93% | 9.50% | 10.92% | 11.17% |
UTBPX UBS Multi Income Bond Fund | 4.64% | 4.18% | 4.53% | 3.54% | 2.84% | 1.89% | 2.11% | 2.80% | 3.05% | 2.46% | 1.68% | 0.00% |
Frequently Asked Questions
RCS and UTBPX have a correlation of 0.21, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
RCS has higher volatility (6.00%) compared to UTBPX (1.11%). In terms of maximum drawdown, RCS dropped -46.69% vs UTBPX's -16.84%.
UTBPX currently has the higher Sharpe Ratio (1.61 vs -0.68), 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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