USBNX vs. PCFIX

Last updated Apr 1, 2026

Compare and contrast key facts about Pear Tree Polaris Small Cap Fund (USBNX) and PIMCO RAE PLUS Small Fund (PCFIX).

USBNX is managed by Pear Tree Funds. It was launched on Aug 3, 1992. PCFIX is managed by PIMCO. It was launched on Sep 30, 2011.

Performance

USBNX vs. PCFIX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Pear Tree Polaris Small Cap Fund (USBNX) and PIMCO RAE PLUS Small Fund (PCFIX). The values are adjusted to include any dividend payments, if applicable.

USBNX vs. PCFIX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
USBNX Pear Tree Polaris Small Cap Fund	1.48%	8.02%	8.64%	12.83%	-5.09%	15.35%	-4.77%	23.53%	-11.05%	6.42%
PCFIX PIMCO RAE PLUS Small Fund	-2.10%	6.78%	20.88%	18.04%	-12.46%	-36.92%	9.77%	21.53%	-12.19%	12.90%

Returns By Period

In the year-to-date period, USBNX achieves a 1.48% return, which is significantly higher than PCFIX's -2.10% return. Over the past 10 years, USBNX has outperformed PCFIX with an annualized return of 7.19%, while PCFIX has yielded a comparatively lower 3.59% annualized return.

USBNX

• 1D: -0.11%
• 1M: -4.33%
• YTD: 1.48%
• 6M: 3.96%
• 1Y: 12.79%
• 3Y*: 10.45%
• 5Y*: 4.46%
• 10Y*: 7.19%

PCFIX

• 1D: -0.95%
• 1M: -7.45%
• YTD: -2.10%
• 6M: 1.30%
• 1Y: 14.37%
• 3Y*: 14.75%
• 5Y*: -8.08%
• 10Y*: 3.59%

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

USBNX vs. PCFIX - Expense Ratio Comparison

USBNX has a 1.50% expense ratio, which is higher than PCFIX's 0.85% expense ratio.

USBNX

Pear Tree Polaris Small Cap Fund

PCFIX

PIMCO RAE PLUS Small Fund

Return for Risk

USBNX vs. PCFIX — Risk / Return Rank

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

USBNX

USBNX Risk / Return Rank: 30
USBNX Sharpe Ratio Rank: 28
USBNX Sortino Ratio Rank: 31
USBNX Omega Ratio Rank: 27
USBNX Calmar Ratio Rank: 33
USBNX Martin Ratio Rank: 28

PCFIX

PCFIX Risk / Return Rank: 28
PCFIX Sharpe Ratio Rank: 27
PCFIX Sortino Ratio Rank: 30
PCFIX Omega Ratio Rank: 26
PCFIX Calmar Ratio Rank: 28
PCFIX Martin Ratio Rank: 30

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.

USBNX vs. PCFIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Pear Tree Polaris Small Cap Fund (USBNX) and PIMCO RAE PLUS Small Fund (PCFIX). 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.

	USBNX	PCFIX	Difference
Sharpe ratio Return per unit of total volatility	0.69	0.66	+0.03
Sortino ratio Return per unit of downside risk	1.12	1.07	+0.05
Omega ratio Gain probability vs. loss probability	1.15	1.14	+0.01
Calmar ratio Return relative to maximum drawdown	0.92	0.80	+0.12
Martin ratio Return relative to average drawdown	3.12	3.22	-0.10
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

USBNX vs. PCFIX - Sharpe Ratio Comparison

The current USBNX Sharpe Ratio is 0.69, which is comparable to the PCFIX Sharpe Ratio of 0.66. The chart below compares the historical Sharpe Ratios of USBNX and PCFIX, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	USBNX	PCFIX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.69	0.66	+0.03
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.24	-0.24	+0.48
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.33	0.12	+0.21
Sharpe Ratio (All Time) Calculated using the full available price history	0.38	0.29	+0.10

Correlation

The correlation between USBNX and PCFIX is 0.92, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.

Dividends

USBNX vs. PCFIX - Dividend Comparison

USBNX's dividend yield for the trailing twelve months is around 13.61%, more than PCFIX's 3.05% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
USBNX Pear Tree Polaris Small Cap Fund	13.61%	13.81%	3.27%	0.86%	10.05%	0.75%	0.68%	7.91%	8.39%	6.21%	1.17%	7.39%
PCFIX PIMCO RAE PLUS Small Fund	3.05%	2.24%	6.12%	2.12%	13.29%	96.19%	18.00%	2.63%	12.78%	9.33%	0.00%	26.50%

Drawdowns

USBNX vs. PCFIX - Drawdown Comparison

The maximum USBNX drawdown since its inception was -64.40%, roughly equal to the maximum PCFIX drawdown of -67.77%. Use the drawdown chart below to compare losses from any high point for USBNX and PCFIX.

Drawdown Indicators

	USBNX	PCFIX	Difference
Max Drawdown Largest peak-to-trough decline	-64.40%	-67.77%	+3.37%
Max Drawdown (1Y) Largest decline over 1 year	-12.27%	-15.69%	+3.42%
Max Drawdown (5Y) Largest decline over 5 years	-26.01%	-67.77%	+41.76%
Max Drawdown (10Y) Largest decline over 10 years	-46.96%	-67.77%	+20.81%
Current Drawdown Current decline from peak	-7.74%	-45.84%	+38.10%
Average Drawdown Average peak-to-trough decline	-13.70%	-21.20%	+7.50%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.64%	3.92%	-0.28%

Volatility

USBNX vs. PCFIX - Volatility Comparison

The current volatility for Pear Tree Polaris Small Cap Fund (USBNX) is 3.82%, while PIMCO RAE PLUS Small Fund (PCFIX) has a volatility of 5.43%. This indicates that USBNX experiences smaller price fluctuations and is considered to be less risky than PCFIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	USBNX	PCFIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.82%	5.43%	-1.61%
Volatility (6M) Calculated over the trailing 6-month period	10.27%	12.64%	-2.37%
Volatility (1Y) Calculated over the trailing 1-year period	19.15%	22.79%	-3.64%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.89%	33.66%	-14.77%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	21.68%	30.13%	-8.45%