UEIPX vs. USIAX

Last updated Jun 25, 2026

UEIPX (UBS Engage For Impact Fund) and USIAX (UBS Ultra Short Income Fund) are both mutual funds - UEIPX is a Global Equities fund managed by UBS, while USIAX is a Ultrashort Bond fund managed by UBS. At a 0.34 correlation, their price movements are largely independent. UEIPX charges 0.85%/yr vs 0.35%/yr for USIAX.

Performance

UEIPX vs. USIAX - Performance Comparison

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

Returns By Period

UEIPX

• 1D: -0.21%
• 1M: 1.62%
• YTD: 8.16%
• 6M: 7.36%
• 1Y: 15.99%
• 3Y*: 15.47%
• 5Y*: 6.50%
• 10Y*: —

USIAX

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

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

UEIPX vs. USIAX - Yearly Performance Comparison

	2026 (YTD)
UEIPX UBS Engage For Impact Fund	0.42%
USIAX UBS Ultra Short Income Fund	0.22%

Correlation

The correlation between UEIPX and USIAX is 0.34, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (All Time) Calculated using the full available price history since May 28, 2026	0.34

Return for Risk

UEIPX vs. USIAX — Risk / Return Rank

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

UEIPX

UEIPX Risk / Return Rank: 38
UEIPX Sharpe Ratio Rank: 38
UEIPX Sortino Ratio Rank: 40
UEIPX Omega Ratio Rank: 36
UEIPX Calmar Ratio Rank: 34
UEIPX Martin Ratio Rank: 41

USIAX

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

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.

UEIPX vs. USIAX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for UBS Engage For Impact Fund (UEIPX) 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.

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.

	UEIPX	USIAX	Difference
Sharpe ratio: Return per unit of total volatility	1.54	—	—
Sortino ratio: Return per unit of downside risk	2.26	—	—
Omega ratio: Gain probability vs. loss probability	1.27	—	—
Calmar ratio: Return relative to maximum drawdown	1.95	—	—
Martin ratio: Return relative to average drawdown	7.81	—	—

Drawdowns

UEIPX vs. USIAX - Drawdown Comparison

The maximum UEIPX drawdown since its inception was -35.23%, which is greater than USIAX's maximum drawdown of -0.10%. Use the drawdown chart below to compare losses from any high point for UEIPX and USIAX.

Drawdown Indicators

	UEIPX	USIAX	Difference
Max Drawdown Largest peak-to-trough decline	-35.23%	-0.10%	-35.13%
Max Drawdown (1Y) Largest decline over 1 year	-10.59%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-17.54%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-35.23%	—	—
Current Drawdown Current decline from peak	-1.37%	-0.10%	-1.27%
Average Drawdown Average peak-to-trough decline	-9.84%	-0.02%	-9.82%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.56%	—	—

Volatility

Volatility by Period

	UEIPX	USIAX	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.92%	—	—
Volatility (6M) Calculated over the trailing 6-month period	10.30%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	13.43%	1.29%	+12.14%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.20%	1.29%	+16.91%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.40%	1.29%	+18.11%

UEIPX vs. USIAX - Expense Ratio Comparison

UEIPX has a 0.85% expense ratio, which is higher than USIAX's 0.35% expense ratio.

Dividends

UEIPX vs. USIAX - Dividend Comparison

UEIPX's dividend yield for the trailing twelve months is around 12.61%, more than USIAX's 0.32% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018
UEIPX UBS Engage For Impact Fund	12.61%	13.64%	4.91%	0.66%	0.95%	11.99%	0.76%	2.68%	0.07%
USIAX UBS Ultra Short Income Fund	0.32%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both UEIPX and USIAX in my portfolio?

UEIPX and USIAX have a correlation of 0.34, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.